Common use of Recordation of Assignments of Mortgage Clause in Contracts

Recordation of Assignments of Mortgage. To the extent permitted by applicable law, each of the Assignments of Mortgage is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the Mortgaged Properties are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected (i) with respect to MERS Mortgage Loans, at the Purchaser's expense and (ii) with respect to Mortgage Loans that are not MERS Mortgage Loans, at the Seller's expense, in each case, in the event recordation is either necessary under applicable law or requested by the Purchaser at its sole option.

Appears in 19 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-5ar), Assignment Agreement (Morgan Stanley Mortgage Loan Trust 2006-8ar), Assignment Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax)

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Recordation of Assignments of Mortgage. To the extent permitted by applicable law, each of the Assignments of Mortgage is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the Mortgaged Properties are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected (i) with respect to MERS Mortgage Loans, at the Purchaser's ’s expense and (ii) with respect to Mortgage Loans that are not MERS Mortgage Loans, at the Seller's ’s expense, in each case, in the event recordation is either necessary under applicable law or requested by the Purchaser at its sole option.

Appears in 12 contracts

Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-5ax), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs)

Recordation of Assignments of Mortgage. To the extent permitted by applicable law, each of the Assignments of Mortgage is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the Mortgaged Properties or Cooperative Unit, as applicable, are situated, and in any other appropriate public recording office or elsewhere, such recordation to be effected (i) with respect to MERS Mortgage Loans, at the Purchaser's expense and (ii) with respect to Mortgage Loans that are not MERS Mortgage Loans, at the Seller's expense, in each case, expense pursuant to Section 12 of the Flow Mortgage Purchase and Warranties Agreement in the event recordation is either necessary under applicable law or requested by the Purchaser at its sole option.

Appears in 3 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Flow Interim Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1), Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

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Recordation of Assignments of Mortgage. To the extent permitted by applicable law, each of the Assignments of Mortgage is subject to recordation in all appropriate public offices for real property records in all the counties or other comparable jurisdictions in which any or all of the Mortgaged Properties are situated, and in any other appropriate public recording office or elsewhere, such . The recordation to of the Assignments of Mortgage delivered by the Company shall be effected (i) with respect to MERS Mortgage Loans, at the Purchaser's Company’s expense and (ii) with respect to as provided in Section 9 of the Mortgage Loans that are not MERS Mortgage Loans, at the Seller's expense, in each case, Loan Purchase Agreement in the event recordation is either necessary under applicable law or requested by the Purchaser at its sole option.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 03 4)

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