Possession of Mortgage Files. (a) Upon the issuance of the Certificates, the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the Initial Mortgage Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent Mortgage Loans will be, vested in the Trustee (or, with respect to the Pool III Mortgage Loans, the Co-Trustee) for the benefit of the Certificateholders of the related Pool.
Appears in 5 contracts
Samples: Sub Servicing Agreement (Money Store Home Equity Corp), Pooling and Servicing Agreement (Money Store Home Equity Corp), Sub Servicing Agreement (TMS Mortgage Inc)
Possession of Mortgage Files. (a) Upon the issuance of the Certificates, the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the Initial Mortgage Loans is, and upon each Subsequent Transfer Date the ownership of each Mortgage Note, the Mortgage and the contents of the related Mortgage File relating to the applicable Subsequent Mortgage Loans will be, vested in the Trustee (or, with respect to the Pool III Mortgage Loans, the Co-Co- Trustee) for the benefit of the Certificateholders of the related Pool.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Money Store Trust 1996-C)
