Primary Mortgage Insurance. For each Mortgage Loan with an LTV of 80% or greater, the excess over 78% is and will be insured as to payment defaults by a PMI Policy. All provisions of such PMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;
Appears in 3 contracts
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4), Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11)
Primary Mortgage Insurance. For Except as set forth on the Mortgage Loan Schedule, each Mortgage Loan with an LTV of greater than 80% or greater%, the excess over 78% is and will be insured as to payment defaults by a PMI Policy. All provisions of such PMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Mortgage Interest Rate for the Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any such insurance premium;
Appears in 3 contracts
Samples: Servicing Agreement (Structured Asset Sec Corp Mort Passthr Certs Ser 2003-38), Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-21xs), Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Series 2004-3)
Primary Mortgage Insurance. For each Mortgage Loan with an LTV of 80% or greater, the excess over 7879% is and will be insured as to payment defaults by a PMI Policy. All provisions of such PMI Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. The Mortgage Interest Rate for the Mortgage Loan Loa as set forth on the Mortgage Loan Schedule is net of any such insurance premium;
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