Payments Current; No Prepayments. All payments required to be made up to the related Purchase Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment made on such Mortgage Loan has been dishonored and neither the Guarantor nor any other party has advanced funds or induced, solicited or knowingly received any advance of funds from a party other than the Mortgagor or a third-party with respect to amounts to be taken from escrow accounts and any shortfall thereof which may be remitted by Guarantor, directly or indirectly, for the payment of any amount required by the Mortgage Loan. No Mortgage Loan is a Delinquent Mortgage Loan nor has any Mortgage Loan been a Delinquent Mortgage Loan at any time since the origination of the Mortgage Loan. The first monthly payment shall be made, or shall have been made, with respect to the Mortgage Loan on its due date or within thirty (30) calendar days thereof, all in accordance with the terms of the related Mortgage Note. The Mortgage Loan was not prepaid in full prior to the Effective Date and the Guarantor has not received notification from a Mortgagor that a prepayment in full shall be made after the Effective Date. If the Mortgage Loan is a Cooperative Loan, no foreclosure action or private or public sale under the Uniform Commercial Code has ever been threatened or commenced with respect to the Cooperative Loan.
