Common use of Purchase Price Clause in Contracts

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The purchase price for the Mortgage Loans (the "Purchase Price for each Mortgage Loan Price") shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Commitment Letter, multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually receivedDate whether or not collected. The initial principal amount of the related Mortgage Loans shall Purchase Price may be the aggregate principal balance of the Mortgage Loans, so computed adjusted as of the related Cut-off Date. If so provided stated in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separatelyCommitment Letter. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current initial principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Loan Remittance Rate of those Mortgage Loansfrom the Cut-off Date through the day prior to the Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph Purchaser shall be paid entitled to (1) all scheduled principal due after the Seller by wire transfer Cut-off Date, (2) all other recoveries of immediately available funds to an account designated principal collected after the Cut-off Date (provided, however, that all scheduled payments of principal due on or before the Cut-off Date and collected by the Seller in writingafter the Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans at the Mortgage Loan Remittance Rate (minus that portion of any such payment which is allocable to the period prior to the Cut-off Date). The principal balance of each Mortgage Loan as of the Cut-off Date is determined after application of payments of principal due on or before the Cut-off Date whether or not collected. Therefore, payments of scheduled principal and interest prepaid for a Due Date beyond the Cut-off Date shall not be applied to the principal balance as of the Cut-off Date. Such prepaid amounts (minus interest at the Servicing Fee Rate) shall be the property of the Purchaser. The Seller shall deposit any such prepaid amounts into the Custodial Account, which account is established for the benefit of the Purchaser for subsequent remittance by the Seller to the Purchaser.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement Percentage (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans, net of the Servicing Fee Rate. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan and the related Servicing Rights shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate actual unpaid principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate actual unpaid principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans and/or the Servicing Rights shall be priced and paid for separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last "interest paid to" date through the day immediately preceding the related Closing Date, inclusive, on the current aggregate actual unpaid principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement Confirmation (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans Loan listed on the related Mortgage Loan ScheduleSchedule attached to the related Term Sheet, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separatelyDate whether or not collected. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerCompany, at closing, accrued interest on the current principal amount Stated Principal Balance of the related each Mortgage Loans Loan as of the related Cut-off Date at the weighted average Mortgage Interest Loan Remittance Rate of those each Mortgage LoansLoan from the related Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to on the Seller related Closing Date by wire transfer of immediately available funds funds. Purchaser shall be entitled to an account designated (1) all scheduled principal due after the related Cut-off Date, (2) all other recoveries of principal collected on or after the related Cut-off Date (provided, however, that all scheduled payments of principal due on or before the related Cut-off Date and collected by the Seller in writingCompany or any successor servicer after the related Cut-off Date shall belong to the Company), and (3) all payments of interest on the Mortgage Loans net of applicable Servicing Fees (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The outstanding principal balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected, together with any unscheduled principal prepayments collected prior to the related Cut-off Date; provided, however, that payments of scheduled principal and interest prepaid for a Due Date beyond the related Cut-off Date shall not be applied to the principal balance as of the related Cut-off Date. Such prepaid amounts shall be the property of the Purchaser. The Company shall deposit any such prepaid amounts into the Custodial Account, which account is established for the benefit of the Purchaser for subsequent remittance by the Company to the Purchaser.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closingon the related Closing Date, accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the date interest was paid through on the Mortgage Loan through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of late charges, prepayment penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans at the Mortgage Interest Rate.

Purchase Price. The purchase price for the Mortgage Loans (the "Purchase Price for each Mortgage Loan Price") shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Commitment Letter, multiplied by the aggregate scheduled principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually receivedDate whether or not collected. The initial principal amount of the related Mortgage Loans shall Purchase Price may be the aggregate principal balance of the Mortgage Loans, so computed adjusted as of the related Cut-off Date. If so provided stated in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separatelyCommitment Letter. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current aggregate scheduled principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Loan Remittance Rate of those Mortgage Loansfrom the Cut-off Date through the day prior to the Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph Purchaser shall be paid entitled to (1) all scheduled principal due after the Seller by wire transfer Cut-off Date, (2) all other recoveries of immediately available funds to an account designated principal collected after the Cut-off Date (provided, however, that all scheduled payments of principal due on or before the Cut-off Date and collected by the Seller in writingafter the Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans at the Mortgage Loan Remittance Rate (minus that portion of any such payment which is allocable to the period prior to the Cut-off Date). The principal balance of each Mortgage Loan as of the Cut-off Date is determined after application of payments of principal due on or before the Cut-off Date whether or not collected. Therefore, payments of scheduled principal and interest prepaid for a Due Date beyond the Cut-off Date shall not be applied to the principal balance as of the Cut-off Date. Such prepaid amounts (minus interest at the Servicing Fee Rate) shall be the property of the Purchaser. The Seller shall deposit any such prepaid amounts into the Custodial Account, which account is established for the benefit of the Purchaser for subsequent remittance by the Seller to the Purchaser.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of principal collected on or after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans net of applicable Servicing Fees, if any.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerSellers, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller Sellers by wire transfer of immediately available funds to an account designated by the Seller Sellers in writing.

Purchase Price. The Purchase Price for each Mortgage Loan in the related Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the Mortgage Loans in the related Mortgage Loans Loan Package shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off DateDate as set forth on the related Mortgage Loan Schedule. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the Mortgage Loans in the related Mortgage Loans as of the related Cut-off Date Loan Package at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the related paid through date through the date prior to the related Closing Date, inclusive. The Servicing Fee will not be applicable until the Closing Date. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan and the related Servicing Rights shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate actual unpaid principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate actual unpaid principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans and/or the Servicing Rights shall be priced and paid for separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last “interest paid to” date through the day immediately preceding the related Closing Date, inclusive, on the current aggregate actual unpaid principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all scheduled principal due after the related Cut-off Date, (2) all other recoveries of principal collected on or after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans net of applicable Servicing Fees (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The outstanding principal balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date, to the extent actually collected, together with any unscheduled principal prepayments collected prior to such Cut-off Date; provided, however, that payments of scheduled principal and interest paid prior to such Cut-off date, but to be applied on a Due Date beyond the related Cut-off Date shall not be applied to the principal balance as of the related Cut-off Date. Such prepaid amounts shall be the property of the Purchaser. The Seller shall deposit any such prepaid amounts into the Custodial Account, which account is established for the benefit of the Purchaser for subsequent remittance by the Seller to the Purchaser.

Purchase Price. The Purchase Price for each the Mortgage Loans in a Mortgage Loan Package shall be equal to the sum of (a) the percentage of par as stated in the related Purchase Price and Terms Agreement Letter (subject to adjustment as provided therein), multiplied by the aggregate principal balance, Stated Principal Balance of Mortgage Loans as of the related Cut-off Date, of the Mortgage Loans Date listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due Schedule plus (b) accrued interest on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount aggregate Stated Principal Balance of the related Mortgage Loans shall be at the aggregate principal balance weighted average Mortgage Interest Rate of such Mortgage Loans from and including the Mortgage Loans, so computed as of date interest was last received through and including the related Cut-off Dateday before such Closing Date (the "Purchase Price"). If so provided in the related Purchase Price and Terms AgreementLetter, portions of the each Mortgage Loans Loan Package shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph for the Mortgage Loans in a Mortgage Loan Package shall be paid to on the Seller related Closing Date by wire transfer of immediately available funds funds. With respect to an account designated by each Mortgage Loan, the Seller in writingPurchaser shall be entitled to (1) all payments and/or recoveries of principal collected after the related Cut-off Date, and (2) all payments of interest on such Mortgage Loan collected after the Cut-off Date, net of the related Interim Servicing Fee. For the purposes of this Agreement, if received prior to the related Cut-off Date, payments of scheduled principal and interest prepaid for a Due Date beyond the related Closing Date shall be applied to reduce the Stated Principal Balance of the related Mortgage Loan as of such Closing Date. Such prepaid amounts shall be the property of the Seller.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in , from the preceding paragraph shall be paid related Cut-off Date to the Seller by wire transfer of immediately available funds day prior to an account designated by the Seller in writingrelated Closing Date, inclusive.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule in a Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate actual unpaid principal balance, balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, Date after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans and/or the Servicing Rights shall be priced and paid for separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last "interest paid to" date through the day immediately preceding the related Closing Date, inclusive, on the current aggregate actual unpaid principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased, (1) all recoveries of principal collected after the related Cut-off Date and (2) all payments of interest on the Mortgage Loans net of the Servicing Fee (minus that portion of any such interest payment that is allocable to the period prior to the related Cut-off Date). All payments of principal and interest, Prepayment Charges (other than Prepayment Charges retained by the Purchaser pursuant to Subsection 4.02 below) and premiums less the applicable Servicing Fee, due on a Due Date following the related Cut-off Date shall belong to the Purchaser. All payments of principal and interest, Prepayment Charges (other than Prepayment Charges retained by the Purchaser pursuant to Subsection 4.02 below) and premiums less the applicable Servicing Fee, due on a Due Date following the related Cut-off Date shall belong to the Purchaser.

Purchase Price. The Purchase Price purchase price for each Mortgage Loan Package (the "Purchase Price") shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Commitment Letter, multiplied by the aggregate scheduled principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on in the related Mortgage Loan SchedulePackage, after application of scheduled payments of principal due on or before the related such Cut-off Date, but only to the extent such payments were actually receivedDate whether or not collected. The initial principal amount of the related Mortgage Loans shall Purchase Price for a Loan Package may be the aggregate principal balance of the Mortgage Loans, so computed adjusted as of the related Cut-off Date. If so provided stated in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separatelyCommitment Letter. In addition to the Purchase Price as described abovePrice, the Purchaser shall pay to the Seller, at closing, accrued interest on the current aggregate scheduled principal amount of the related Mortgage Loans at the weighted average Mortgage Loan Remittance Rate for each Loan Package from the related Cut-off Date through the day prior to the related Closing Date, inclusive. With respect to each Loan Package, the Purchaser shall be entitled to (1) all scheduled principal due after the related Cut-off Date, (2) all other recoveries of principal collected after the related Cut-off Date (provided, however, that all scheduled payments of principal due on or before the related Cut-off Date and collected by the Seller after the related Cut-off Date shall belong to the Seller), and (3) all payments of interest on the Mortgage Loans at the Mortgage Loan Remittance Rate (minus that portion of any such payment which is allocable to the period prior to the related Cut-off Date). The principal balance of each Mortgage Loan as of the related Cut-off Date is determined after application of payments of principal due on or before the related Cut-off Date whether or not collected. Therefore, payments of scheduled principal and interest prepaid for a Due Date beyond the related Cut-off Date shall not be applied to the principal balance as of the related Cut-off Date. Such prepaid amounts (minus interest at the weighted average Mortgage Interest Rate Servicing Fee Rate) shall be the property of those Mortgage Loansthe Purchaser. The Purchase Price plus accrued interest as set forth in Seller shall deposit any such prepaid amounts into the preceding paragraph shall be paid to Custodial Account, which account is established for the Seller by wire transfer benefit of immediately available funds to an account designated the Purchaser for subsequent remittance by the Seller in writingto the Purchaser.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule in a Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate actual unpaid principal balance, balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, Date after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans and/or the Servicing Rights shall be priced and paid for separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last “interest paid to” date through the day immediately preceding the related Closing Date, inclusive, on the current aggregate actual unpaid principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased, (1) all recoveries of principal collected after the related Cut-off Date and (2) all payments of interest on the Mortgage Loans net of the Servicing Fee (minus that portion of any such interest payment that is allocable to the period prior to the related Cut-off Date). All payments of principal and interest, Prepayment Penalties (other than Prepayment Penalties retained by the Seller pursuant to Subsection 4.02 below) less the applicable Servicing Fee, due on a Due Date following the related Cut-off Date shall belong to the Purchaser.

Purchase Price. The Purchase Price for each Mortgage Loan in a Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled giving effect to payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually whether or not received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, on the related Closing Date accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal due after the related Cut-off Date, (2) all other recoveries of late charges, prepayment penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans at the Mortgage Interest Rate due after the related Cut-off Date.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule in a Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate actual unpaid principal balance, balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, Date after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans and/or the Servicing Rights shall be priced and paid for separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last "interest paid to" date through the day immediately preceding the related Closing Date, inclusive, on the current aggregate actual unpaid principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall own and be entitled to receive with respect to each Mortgage Loan purchased, (1) all recoveries of principal collected after the related Cut-off Date and (2) all payments of interest on the Mortgage Loans net of the Servicing Fee (minus that portion of any such interest payment that is allocable to the period prior to the related Cut-off Date). All payments of principal and interest, Prepayment Penalties (other than Prepayment Penalties retained by the Seller pursuant to Subsection 4.02 below) less the applicable Servicing Fee, due on a Due Date following the related Cut-off Date shall belong to the Purchaser.

Purchase Price. The Purchase Price for each Mortgage Loan in a Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Closing Schedule, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, on the related Closing Date accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the date interest was paid through on the Mortgage Loan through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of late charges, prepayment penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans at the Mortgage Interest Rate.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually receivedwhether or not collected. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans, net of the Servicing Fee Rate, from the Cut-off Date through the day prior to the Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate actual unpaid principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate actual unpaid principal balance of the Mortgage Loans, so computed as of the related Cut-off Datedate. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the last "interest paid to" date through the day immediately preceding the related Closing Date, inclusive, on the aggregate actual unpaid on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closingon the related Closing Date, accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the date interest was paid through on the Mortgage Loan through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of late charges, Prepayment Penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans received after the related Cut-off Date.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closingon the related Closing Date, accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the related Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of late charges, Prepayment Penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans at the Mortgage Interest Rate.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balanceStated Principal Balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan ScheduleLoans, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerSellers, at closingon the related Closing Date, accrued interest on the current principal amount Stated Principal Balance of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the date interest was paid through on the Mortgage Loan through the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller Sellers by wire transfer of immediately available funds to an account designated by the Seller Sellers in writing. The Purchaser shall be entitled to (1) all principal received after the related Cut-off Date, (2) all other recoveries of late charges, prepayment penalties, assumption fees or other charges collected after the related Cut-off Date, and (3) all payments of interest on the Mortgage Loans at the Mortgage Interest Rate.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate principal balance, Stated Principal Balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerCompany, at closingon the related Closing Date, accrued interest on each Mortgage Loan at the current principal amount Mortgage Interest Rate net of any applicable LPMI premiums from the related last Interest Paid to Date through the day prior to the related Closing Date, inclusive; provided, however, with respect to those Mortgage Loans as of for which interest has been paid through a date beyond the related Cut-off Date Date, such accrued interest owing to Company shall be reduced by the amount of interest accruing on the Stated Principal Balance of each such Mortgage Loan at a rate equal to the weighted average Mortgage Interest Rate of those such Mortgage Loans. The Purchase Price plus accrued interest as set forth in Loan, from the preceding paragraph shall be paid related Closing Date to the Seller by wire transfer day prior to the interest paid through date for such Mortgage Loan, inclusive. With respect to each Mortgage Loan purchased, the Purchaser shall own and be entitled to receive (except as otherwise described in this Agreement during the related Interim Servicing Period): all payments and/or recoveries of immediately available funds to an account designated by principal collected on or after the Seller in writingrelated Cut-off Date, all payments of interest on the Mortgage Loans and all fees, prepayment penalties or premiums.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement Letter (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually whether or not received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms AgreementLetter, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans, net of the Servicing Fee, from the related Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate principal balance, Stated Principal Balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerCompany, at closingon the related Closing Date, accrued interest on each Mortgage Loan at the current principal amount Mortgage Interest Rate net of the Interim Servicing Fee from the related last Interest Paid to Date through the day prior to the related Closing Date, inclusive; provided, however, with respect to those Mortgage Loans as of for which interest has been paid through a date beyond the related Cut-off Date Date, such accrued interest owing to Company shall be reduced by the amount of interest accruing on the Stated Principal Balance of each such Mortgage Loan at a rate equal to the weighted average Mortgage Interest Rate of those such Mortgage Loans. The Purchase Price plus accrued interest as set forth in Loan, from the preceding paragraph shall be paid related Closing Date to the Seller by wire transfer day prior to the interest paid through date for such Mortgage Loan, inclusive. With respect to each Mortgage Loan purchased, the Purchaser shall own and be entitled to receive (except as otherwise described in this Agreement during the related Interim Servicing Period): all payments and/or recoveries of immediately available funds to an account designated by principal collected on or after the Seller in writingrelated Cut-off Date, all payments of interest on the Mortgage Loans and all fees, prepayment penalties or premiums.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest from the first day of the month in which the related Closing Date occurs through the day prior to the applicable Closing Date, inclusive, on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding this paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each the Mortgage Loans and Servicing Rights listed on the related Mortgage Loan Schedule shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Percentage, multiplied by the aggregate principal balance, Stated Principal Balance as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerCompany, at closingon the related Closing Date, accrued interest on each Mortgage Loan at the current principal amount of Mortgage Interest Rate from the related last Interest Paid to Date through the day prior to the related Closing Date, inclusive; provided, however, with respect to those Mortgage Loans as of for which interest has been paid through a date beyond the related Cut-off Date Date, such accrued interest owing to Company shall be reduced by the amount of interest accruing on the Stated Principal Balance of each such Mortgage Loan at a rate equal to the weighted average Mortgage Interest Rate of those such Mortgage Loans. The Purchase Price plus accrued interest as set forth in Loan, from the preceding paragraph shall be paid related Closing Date to the Seller by wire transfer day prior to the interest paid through date for such Mortgage Loan, inclusive. With respect to each Mortgage Loan purchased, the Purchaser shall own and be entitled to receive (except as otherwise described in this Agreement during the related Interim Servicing Period): all payments and/or recoveries of immediately available funds to an account designated by principal collected on or after the Seller in writingrelated Cut-off Date, all payments of interest on the Mortgage Loans and all fees, prepayment penalties or premiums.

Purchase Price. (a) The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Trade Confirmation Letter, multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closingon each Closing Date, accrued interest on the current initial principal amount of the related Mortgage Loans as of the related Cut-off Date at (i) with respect to Servicing Released Mortgage Loans, the weighted average Mortgage Interest Rate of those and (ii) with respect to the Servicing Retained Mortgage Loans. , the weighted average Mortgage Loan Remittance Rate, from the date interest was last received on the Mortgage Loan through the day prior to the related Closing Date, inclusive. (b) The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to on the Seller related Closing Date by wire transfer of immediately available funds federal funds. (c) The Purchaser shall be entitled to an account designated by (1) (A) with respect to the Seller in writing.Servicing Released Mortgage Loans, all principal received after the related Cut-off Date, and (B) with respect to the Servicing Retained Mortgage Loans, all principal due after the related Cut-off Date,

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan listed on the related Mortgage Loan Schedule shall be the percentage amount determined pursuant to the terms of par as stated in the related Purchase Price and Terms Agreement Commitment Letter (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms AgreementCommitment Letter, portions of the Mortgage Loans shall be priced separately. The Purchase Price shall be remitted by the Initial Purchaser to the related Seller on the related Closing Date by wire transfer of immediately available funds to the bank account designated by such Seller. At such time as the Sellers deliver to the Purchaser or its Custodian Assignments of Mortgage in blank in recordable form for each Mortgage Loan purchased by the Purchaser on a Closing Date, the Purchaser shall pay the applicable Holdback Amount to the related Seller; provided, that, no Seller shall be entitled to payment of the Holdback Amount if the Assignments of Mortgage relating to all the purchased Mortgage Loans are not delivered to the Purchaser or its Custodian on or prior to August 11, 2003. In addition to the Purchase Price as described above, the Initial Purchaser shall pay to the related Seller, at closingon the related Closing Date, accrued interest on the current principal amount Stated Principal Balance of the related each Mortgage Loans as of the related Cut-off Date Loan at the weighted average its Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued from the last interest as set forth in the preceding paragraph shall be paid paid-through date to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writingbut not including related Closing Date.

Purchase Price. The Purchase Price for each Mortgage Loan Package shall be the percentage of par as stated in or otherwise calculated pursuant to the related Purchase Price and Terms Agreement Letter (subject to adjustment as provided therein), multiplied by plus accrued interest on the aggregate unpaid principal balancebalance of the Mortgage Loans in the Mortgage Loan Package at the related Mortgage Interest Rate from the date through which interest on the related Mortgage Loan has been paid through the day prior to the related Closing Date inclusive, all as set forth more specifically in the related Memorandum of Sale; provided, however, with respect to those Mortgage Loans for which interest has been paid through a date beyond the related Cut-off Date, such accrued interest owing to the Company shall be reduced by the amount of interest accruing on the unpaid principal balance of each such Mortgage Loan at a rate equal to the Mortgage Loans listed on Interest Rate of such Mortgage Loan, from the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only Closing Date to the extent day prior to the date through which interest is paid for such payments were actually receivedMortgage Loan, inclusive. The initial principal amount of the related Mortgage Loans shall be the aggregate unpaid principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions after application of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest payments of principal on the current principal amount of the related Mortgage Loans as of or before the related Cut-off Date at to the weighted average Mortgage Interest Rate extent such payments were actually received. Subject to satisfaction of those Mortgage Loans. The Purchase Price plus accrued interest as the closing conditions set forth in the preceding paragraph Section 2.05, such payments shall be paid made to the Seller account designated by the Company by wire transfer of immediately available funds to an account designated by 3:00 p.m. Charlotte, North Carolina time on the Seller in writingrelated Closing Date. The final Purchase Price and Purchase Price percentage shall be set forth on the related Memorandum of Sale.

Purchase Price. The Purchase Price for each the Mortgage Loan Loans sold and purchased on a Closing Date shall be the percentage of par as stated in Purchase Price Percentage reflected on the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), Confirmation multiplied by the aggregate outstanding principal balance, balance as of the related Cut-off Date, Date of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only whether or not collected. In addition, Buyer shall pay to Seller on the extent such payments were actually received. The initial Closing Date accrued interest on the principal amount of the related Mortgage Loans at the weighted average interest rate of the Mortgage Loans net of the Servicing Fee, from the Cut-off Date to the day prior to the Closing Date, inclusive. Buyer shall be entitled to all scheduled principal due after the aggregate Cut-off Date, and all payments of interest on the Mortgage Loans net of the Servicing Fee (minus the portion of any such payment which is allocable to the period prior to the Cut-off Date). The principal balance of the each Mortgage Loans, so computed Loan as of the related Cut-off Date is determined after application of the payments of principal due on or before the Cut-off Date whether or not collected. Therefore, payments of scheduled principal and interest prepaid and for a due date beyond the Cut-off Date shall not be applied to the principal balance as of the Cut-off Date. If so provided Such prepaid amounts shall be the property of Buyer, and Seller shall deposit such amounts in the related Purchase Price and Terms Agreement, portions remittance account established for the benefit of the Mortgage Loans shall be priced separately. In addition Buyer for subsequent remittance to Buyer; subject to the Purchase Price as described above, following: all scheduled payments of principal due on or before the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid belong to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writingSeller.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate actual principal balance, balance of the Mortgage Loans as of the related Cut-off Date, after application of payments actually received on the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerSellers, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the paid through date through the day prior to the Closing Date net of the Interim Servicing Fee Rate. The Purchase Price plus accrued interest as set forth in the preceding paragraph sentence shall be paid to the Seller Sellers by wire transfer of immediately available funds to an account designated by the Seller Company in writing. The Purchaser shall be entitled to (l) all principal collected on or after the Cut-off Date and (2) all accrued interest on the current principal amount of the related Mortgage Loans as of the Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans from the Cut-off Date through the day prior to the Closing Date net of the Interim Servicing Fee Rate.

Purchase Price. The Purchase Price for (a) With respect to the purchase of each Mortgage Loan Package, the related Purchase Price shall be the applicable percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein)Letter, multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due actually received on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current initial principal amount of the Mortgage Loans in the related Mortgage Loans as of the related Cut-off Date Loan Package at the weighted average Mortgage Interest Rate of those less the servicing fee pursuant to and in accordance with the Flow Interim Servicing Agreement, (if applicable), from the date interest was last received on the Mortgage Loans. Loan through the day prior to the related Closing Date, inclusive. (b) The Purchase Price plus accrued interest as set forth in the preceding paragraph for a Mortgage Loan Package shall be paid to on the Seller related Closing Date by wire transfer of immediately available funds federal funds. (c) With respect to an account designated by each Mortgage Loan in a Mortgage Loan Package, the Seller in writing.Purchaser shall be entitled to (1) all principal received after the related Cut-off Date,

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement Percentage (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the Mortgage Loans in the related Mortgage Loans Loan Package as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those such Mortgage LoansLoans (net of the Servicing Fee Rate) from the date to which interest was last paid through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan in the related Mortgage Loan Package shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate scheduled principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Closing Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separatelyDate whether or not collected. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closingon the related Closing Date, accrued but unpaid interest on the current principal amount balance of the Mortgage Loans in the related Mortgage Loans Loan Package as of the related Cut-off Date at a rate equal to the weighted average Mortgage Interest Rate of those Mortgage Loansminus the Servicing Fee Rate (as defined in the Servicing Agreement), from the related Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account or accounts designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms Agreement, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the SellerSellers, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage LoansLoans from the date through which interest on each Mortgage Loan was last paid through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller Sellers by wire transfer of immediately available funds to an account designated by the Seller Sellers in writing.

Purchase Price. The Purchase Price for each Mortgage Loan shall be the percentage of par as stated in the related Purchase Price and Terms Agreement Letter (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed as of the related Cut-off Date. If so provided in the related Purchase Price and Terms AgreementLetter, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount of the related Mortgage Loans as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those Mortgage Loans, net of the Servicing Fee, from the related Cut-off Date through the day prior to the related Closing Date, inclusive. The Purchase Price plus accrued interest as set forth in the preceding paragraph shall be paid to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writing.

Purchase Price. The Purchase Price for each Mortgage Loan listed on the related Mortgage Loan Schedule shall be the percentage of par as stated in or otherwise calculated pursuant to the related Purchase Price and Terms Agreement Trade Confirmation (subject to adjustment as provided therein), multiplied by the aggregate principal balance, as of the related Cut-off Date, of the Mortgage Loans listed on the related Mortgage Loan Schedule, after application of scheduled payments of principal due on or before the related Cut-off Date, but only to the extent such payments were actually received. The initial principal amount of the related Mortgage Loans shall be the aggregate principal balance of the Mortgage Loans, so computed its Stated Principal Balance as of the related Cut-off Date. If so provided in the related Purchase Price and Terms AgreementTrade Confirmation, portions of the Mortgage Loans shall be priced separately. In addition to the Purchase Price as described above, the Purchaser shall pay to the Seller, at closing, accrued interest on the current principal amount Stated Principal Balance of the related each Mortgage Loans Loan as of the related Cut-off Date at the weighted average Mortgage Interest Rate of those from the related Cut-off Date through the day prior to the related Closing Date, both inclusive. With respect to each Mortgage Loan (other than Option ARM Mortgage Loans. The Purchase Price plus accrued interest as set forth ) purchased, the Purchaser shall own and be entitled to receive: (a) all Monthly Payments due (or received in the preceding paragraph shall be paid case of the Option ARM Mortgage Loans) after the applicable Cut-off Date and (b) all other payments and/or recoveries of principal collected on or after the applicable Cut-off Date (provided, however, that all scheduled payments of principal and interest due on or before the applicable Cut-off Date and collected by the Servicer after the applicable Cut-off Date shall, except in the case of the Option ARM Mortgage Loans, belong to the Seller by wire transfer of immediately available funds to an account designated by the Seller in writingSeller).