Origination and Servicing Practices. The origination and servicing of the Loans have beenin accordance with Applicable Requirements, Accepted Servicing Practices and the terms of the Mortgage and Mortgage Note, and have been in all respects legal, proper and prudent in the mortgage origination and servicing business. All Mortgage Interest Rate adjustments have been made in compliance with applicable state and federal xxxxxx the terms of the related Mortgage and Mortgage Note on the related adjustment date. Seller executed and deliveredany and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regardingthe Mortgage Interest Rate and any payment adjustments. Any interest required to be paid pursuant to applicable state,federal and local law has been properly paid and credited. All escrow deposits and escrow payments, if any, are in thepossession of, or under the control of, Seller and have been collected and handled in full compliance with Applicable Requirements. No escrow deposits or escrow payments or other charges or payments due the Seller have been capitalized under the Mortgage Note.
Appears in 3 contracts
Samples: Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement
Origination and Servicing Practices. The origination and servicing of the Loans have beenin been in accordance with Applicable Requirements, Accepted Servicing Practices and the terms of the Mortgage and Mortgage Note, and have been in all respects legal, proper and prudent in the mortgage origination and servicing business. All Mortgage Interest Rate adjustments have been made in compliance with applicable state and federal xxxxxx law and the terms of the related Mortgage and Mortgage Note on the related adjustment date. Seller executed and deliveredany delivered any and all notices required under applicable law and the terms of the related Mortgage Note and Mortgage regardingthe regarding the Mortgage Interest Rate and any payment adjustments. Any interest required to be paid pursuant to applicable state,, federal and local law has been properly paid and credited. All escrow deposits and escrow payments, if any, are in thepossession the possession of, or under the control of, Seller and have been collected and handled in full compliance with Applicable Requirements. No escrow deposits or escrow payments or other charges or payments due the Seller have been capitalized under the Mortgage Note.
Appears in 3 contracts
Samples: Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement, Correspondent Loan Purchase Agreement
