Common use of Ownership of Mortgaged Property Clause in Contracts

Ownership of Mortgaged Property. With respect to each Home Loan, the related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Financial Group Inc), Sale and Servicing Agreement (Master Financial Asset Securitization Trust 1998-2)

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Ownership of Mortgaged Property. With respect to each Home Loan, ------------------------------- the related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Administration Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp)

Ownership of Mortgaged Property. With respect to each Home LoanLoan that is secured by a Mortgaged Property, the related Servicer's Home Loan File contains a title document reflecting that title to the related such Mortgaged Property is held at least 50% by the Obligor under such Home Loan.

Appears in 3 contracts

Samples: Sale and Servicing Agreement (Firstplus Investment Corp), Sale and Servicing Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

Ownership of Mortgaged Property. With respect to each Home ------------------------------- Loan, the related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.

Appears in 3 contracts

Samples: Loan Sale Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp), Loan Sale Agreement (Firstplus Investment Corp)

Ownership of Mortgaged Property. With respect to each Home Loan, the The related Servicer's Home Loan File for each Home Loan (other than an Unsecured Home Loan) contains a title document with respect to such Home Loan reflecting that title to the any related Mortgaged Property is held vested at least 50% by in the Obligor under such Home Loan.related Obligor;

Appears in 2 contracts

Samples: Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv), Sale and Servicing Agreement (Painewebber Mortgage Acceptance Corporation Iv)

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Ownership of Mortgaged Property. With respect to each Home Loan, the The related Servicer's Home Loan File for each Home Loan (other than an Unsecured Home Loan) contains a title document with respect to such Home Loan reflecting that title to the any related Mortgaged Property is held vested at least 50% by in the related Obligor under or (ii) a lease agreement with an attorney's opinion letter with respect to such Home LoanLoan reflecting that the leasehold in a ground lease which is included as part of the Mortgaged Property is vested at least 50% in the related Obligor.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Empire Funding Home Loan Owner Trust 1998 3)

Ownership of Mortgaged Property. With respect to each Home Loan, the ------------------------------- related Servicer's Home Loan File contains a title document reflecting that title to the related Mortgaged Property is held at least 50% by the Obligor under such Home Loan.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Firstplus Investment Corp)

Ownership of Mortgaged Property. With respect to each Home LoanLoan that is secured by a Mortgaged Property, the related Servicer's Home Loan File contains a title document reflecting that title to the related such Mortgaged Property is held at least 50% by the Obligor under such Home Loan.. (m)

Appears in 1 contract

Samples: Loan Sale Agreement (Firstplus Investment Corp)

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