Common use of Ownership and Possession of Home Loan Files Clause in Contracts

Ownership and Possession of Home Loan Files. Upon the issuance of the Grantor Trust Certificate, with respect to the Home Loans, the ownership of each Debt Instrument, the related Mortgage and the contents of the related Servicer's Home Loan File and the Grantor Trustee's Home Loan File shall be vested in the Grantor Trustee for the benefit of the Grantor Trust Holder, although possession of the Servicer's Home Loan Files (other than items required to be maintained in the Grantor Trustee's Home Loan Files) on behalf of and for the benefit of the Grantor Trust Holder shall remain with the Servicer, and the Custodian shall take possession of the applicable Grantor Trustee's Home Loan Files as contemplated in Section 2.06 hereof.

Ownership and Possession of Home Loan Files. Upon the issuance of the Grantor Trust Certificate, with respect to the Home Loans, the ownership of each Debt Instrument, the related Mortgage and the contents of the related Servicer's Home Loan File and the Grantor Trustee's Home Loan File shall be vested in the Grantor Trustee for the benefit of the Grantor Trust Holder, although possession of the Servicer's Home Loan Files (other than items required to be maintained in the Grantor Trustee's Home Loan Files) on behalf of and for the benefit of the Grantor Trust Holder shall remain with the Servicer, and the each Custodian shall take possession of the applicable Grantor Trustee's Home Loan Files as contemplated in Section 2.06 hereof.

Ownership and Possession of Home Loan Files. Upon the issuance of the Grantor Trust Certificate, with respect to the Home Loans, the ownership of each Debt Instrument, the related Mortgage and the contents of the related Servicer's Home Loan File and the Grantor Trustee's Home Loan File shall be vested in the Grantor Trustee for the benefit of the Grantor Trust Holder, although possession of the Servicer's Home Loan Files (other than items required to be maintained in the Grantor Trustee's Home Loan Files) on behalf of and for the benefit of the Grantor Trust Holder shall remain with the Servicer, and the Custodian shall take possession of the applicable Grantor Trustee's Home Loan Files as contemplated in Section 2.06 hereof.

Ownership and Possession of Home Loan Files. Upon the issuance of the Grantor Trust Certificate, with respect to the Home Loans, the ownership of each Debt Instrument, the related Mortgage or Manufactured Home Contract and the contents of the related Servicer's Home Loan File and the Grantor Trustee's Home Loan File shall be vested in the Grantor Trustee for the benefit of the Grantor Trust Holder, although possession of the Servicer's Home Loan Files (other than items required to be maintained in the Grantor Trustee's Home Loan Files) on behalf of and for the benefit of the Grantor Trust Holder shall remain with the Servicer, and the Custodian shall take possession of the applicable Grantor Trustee's Home Loan Files as contemplated in Section SECTION 2.05 AND SECTION 2.06 hereof.

Ownership and Possession of Home Loan Files. Upon the issuance of the Grantor Trust Certificate, with respect to the Home Loans, the ownership of each Debt Instrument, the related Mortgage and the contents of the related Servicer's Home Loan File and the Grantor Trustee's Home Loan File shall be vested in the Grantor Trustee for the benefit of the Grantor Trust Holder, although possession of the Servicer's Home Loan Files (other than items required to be maintained in the Grantor Trustee's Home Loan Files) on behalf of and for the benefit of the Grantor Trust Holder shall remain with the Servicer, and the Custodian shall take possession of the applicable Grantor Trustee's Home Loan Files as contemplated in Section 2.05 and Section 2.06 hereof.