Common use of Preparation of Assignments Clause in Contracts

Preparation of Assignments. Prior to each Settlement Date, Seller shall, at its sole expense, prepare and deliver an Assignment of Mortgage in form and substance acceptable to Buyer and its counsel and any other security documents corresponding to each Loan to be sold on such Settlement Date. Each such assignment shall be sufficient to perfect the transfer of Seller's security interest in the corresponding Mortgaged Property.

Preparation of Assignments. Prior to each the Settlement Date, Seller shall, at its sole expense, prepare and deliver an Assignment of Mortgage in form and substance acceptable to Buyer and its counsel and any other security documents corresponding to each Mortgage Loan to be sold on such Settlement Date. Each Assuming proper recordation, each such assignment shall be sufficient to perfect the transfer of Seller's security interest in the corresponding Mortgaged Property. Such Assignments of Mortgage shall be contained in the Legal File and may, at the Seller's option, be delivered in MERS format.

Preparation of Assignments. Prior to each Settlement Date, -------------------------- Seller shall, at its sole expense, prepare and deliver an Assignment of Mortgage in form and substance acceptable to Buyer and its counsel and assignments of any other security documents corresponding to each Loan to be sold on such Settlement Date. Each such assignment shall be sufficient to perfect the transfer of Seller's security interest in the corresponding Mortgaged Property.