Common use of Proceeds of Mortgage Loans Clause in Contracts

Proceeds of Mortgage Loans. The sale, assignment, transfer and conveyance hereby of all of the Originators' respective right, title and interest in and to each Mortgage Loan shall include all proceeds, products and profits derived therefrom, including all scheduled payments of principal of and interest on such Mortgage Loan and other amounts due or payable or to become due or payable in respect 12 thereof and proceeds thereof, including all monies, goods and other tangible or intangible property received upon the liquidation or sale thereof, except any payments in respect of interest collected prior to the Cut-Off Date.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Revolving Home Equity Loan Trust 1999-A)

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Proceeds of Mortgage Loans. The sale, assignment, transfer and conveyance sale hereby of all of the Originators' respective Originator's right, title and interest in and to each Mortgage Loan shall include all proceeds, products and profits derived therefrom, including including, without limitation, all scheduled payments of principal of and interest on such Mortgage Loan and other amounts due or payable or to become due or payable in respect 12 thereof and proceeds thereof, including including, without limitation, all monies, goods and other tangible or intangible property received upon the liquidation or sale thereof, except any payments in respect of accrued interest collected due prior to the Cut-Off Date.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Revolving Home Equity Loan Trust 1998-A)

Proceeds of Mortgage Loans. The sale, assignment, transfer and conveyance sale hereby of all of the Originators' respective right, title and interest in and to each Mortgage Loan shall include all proceeds, products and profits derived therefrom, including including, without limitation, all scheduled payments of principal of and interest on such Mortgage Loan and other amounts due or payable or to become due or payable in respect 12 thereof and proceeds thereof, including including, without limitation, all monies, goods and other tangible or intangible property received upon the liquidation or sale thereof, except any payments in respect of accrued interest collected due prior to the Cut-Off Date.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Mortgage Conduit Services Inc)

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Proceeds of Mortgage Loans. The sale, assignment, transfer and conveyance hereby of all of the Originators' Originators respective right, title and interest in and to each Mortgage Loan shall include all proceeds, products and profits derived therefrom, including all scheduled payments of principal of and interest on such Mortgage Loan and other amounts due or payable or to become due or payable in respect 12 thereof and proceeds thereof, including all monies, goods and other tangible or intangible property received upon the liquidation or sale thereof, except any payments in respect of accrued interest collected due prior to the Cut-Off Date.

Appears in 1 contract

Samples: Purchase Agreement (Advanta Mortgage Conduit Services Inc)

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