Common use of Other Mortgage Documents Clause in Contracts

Other Mortgage Documents. Subject to paragraph (d) of this Subsection 3.4(1), the following documents (or the documents, if any, as are then required by the Issuer for delivery of loans), if applicable for a Mortgage Loan, will be held by the Direct Servicer or, upon a request by the Master Servicer or Trustee, will be delivered to the Trustee or a Custodian, in either case in a file that is clearly identified by electronic or other means as being held for the benefit of the Trustee: (i) the original or a copy of the applicable power of attorney, if an attorney-in-fact signed the Mortgage Note on behalf of the Borrower; (ii) the original or a copy of a name affidavit; (iii) the original or a copy of the Mortgage; (iv) with respect to a cooperative share loan, in lieu of the items listed in (iii) above, the original of the cooperative housing corporation stock, shares, membership certificate or other contractual agreement evidencing ownership that secures a Mortgage Loan; and (v) with respect to a loan secured by manufactured housing if under applicable law security interests in the manufactured housing unit are subject to creation and assignment through the use of certificates of title, in lieu of the item listed in (iii) above, a duly issued certificate of title, endorsed by the title holder in blank or to the Issuer or the Trustee, or if such security interests are subject to creation through a security agreement, a UCC-1 financing statement that has been filed in the appropriate place and a UCC-3 assignment in favor of the Issuer or the Trustee, in form and substance acceptable for filing. If permitted by the Servicing Contract, documents required under this paragraph (b) may be held in electronic form.

Other Mortgage Documents. Subject to paragraph (d) of this Subsection 3.4(1), the following documents (or the documents, if any, as are then required by the Issuer for delivery of loans), if applicable for a Mortgage Loan, will be held by the Direct Servicer or, upon a request by the Master Servicer or Trustee, will be delivered to the Trustee or a Custodian, in either case in a file that is clearly identified by electronic or other means as being held for the benefit of the Trustee: (i) the original or a copy of the applicable power of attorney, if an attorney-in-fact signed the Mortgage Note on behalf of the Borrower; (ii) the original or a copy of a name affidavit; (iii) the original or a copy of the Mortgage; (iv) with respect to a cooperative share loan, in lieu of the items listed in (iii) above, the original of the cooperative housing corporation stock, shares, membership certificate or other contractual agreement evidencing ownership that secures a Mortgage Loan; and (v) with respect to a loan secured by manufactured housing if under applicable law security interests in the manufactured housing unit are subject to creation and assignment through the use of certificates of title, in lieu of the item listed in (iii) above, a duly issued certificate of title, endorsed by the title holder in blank or to the Issuer or the Trustee, or if such security interests are subject to creation through a security agreement, a UCC-1 UCC 1 financing statement that has been filed in the appropriate place and a UCC-3 UCC 3 assignment in favor of the Issuer or the Trustee, in form and substance acceptable for filing. If permitted by the Servicing Contract, documents required under this paragraph (b) may be held in electronic form.

Other Mortgage Documents. Subject to paragraph (d) of this Subsection 3.4(1), the following documents (or the documents, if any, as are then required by the Issuer for delivery of loans), if applicable for a Mortgage Loan, will be held by the Direct Servicer or, upon a request by the Master Servicer or Trustee, will be delivered to the Trustee or a Custodian, in either case in a file that is clearly identified by electronic [emphasis added] or other means as being held for the benefit of the Trustee: (i) the original or a copy of the applicable power of attorney, if an attorney-in-fact signed the Mortgage Note on behalf of the Borrower; (ii) the original or a copy of a name affidavit; (iii) the original or a copy of the Mortgage; (iv) with respect to a cooperative share loan, in lieu of the items listed in (iii) above, the original of the cooperative housing corporation stock, shares, membership certificate or other contractual agreement evidencing ownership that secures a Mortgage Loan; and (v) with respect to a loan secured by manufactured housing if under applicable law security interests in the manufactured housing unit are subject to creation and assignment through the use of certificates of title, in lieu of the item listed in (iii) above, a duly issued certificate of title, endorsed by the title holder in blank or to the Issuer or the Trustee, or if such security interests are subject to creation through a security agreement, a UCC-1 financing statement that has been filed in the appropriate place and a UCC-3 assignment in favor of the Issuer or the Trustee, in form and substance acceptable for filing. If permitted by the Servicing Contract, documents required under this paragraph (b) may be held in electronic form.