Common use of Retitling; Security Interests Clause in Contracts

Retitling; Security Interests. (a) If, at any time, a Service Transfer has occurred and the new Servicer is unable to repossess or foreclose upon a Manufactured Home because the title document for such Manufactured Home does not show such Servicer or the Indenture Trustee as the holder of the first priority security interest in the Manufactured Home, such Servicer shall take all necessary steps to apply for a replacement title document showing it or the Indenture Trustee as the secured party; provided that the new Servicer shall be reimbursed by the Trust for all reasonable expenses in connection with its responsibilities under this Section 3.13. (b) In order to facilitate the Servicer's actions, as described in subsection (a) of this section, Origen Servicing, Inc. will provide the Servicer, and the Servicer will provide the Indenture Trustee, with any necessary power of attorney permitting it to retitle the Manufactured Home. (c) If the Servicer is still unable to retitle the Manufactured Home, Origen Servicing, Inc. will take all actions necessary to act with the Servicer to initiate replevin action upon the Manufactured Home, including, as appropriate, the filing of any UCC-1 or UCC-2 financing statements necessary to perfect the security interest in any Manufactured Home that constitutes a fixture under the laws of the jurisdiction in which it is located and all actions necessary to perfect the security interest in any Manufactured Home that is considered or classified as part of the real estate on which it is located under the laws of the jurisdiction in which it is located.

Retitling; Security Interests. (a) If, at any time, a Service Transfer has occurred and the new Servicer is unable to repossess or foreclose upon a Manufactured Home because the title document for such Manufactured Home does not show such Servicer or the Indenture Trustee as the holder of the first priority security interest in the Manufactured Home, such Servicer shall take all necessary steps to apply for a replacement title document showing it or the Indenture Trustee as the secured party; , provided that the new Servicer shall be reimbursed by the Trust for all reasonable expenses in connection with its responsibilities under this Section 3.13. (b) In order to facilitate the Servicer's actions, as described in subsection (a) of this section, Origen Servicing, Inc. will provide the Servicer, and the Servicer will provide the Indenture Trustee, with any necessary power of attorney permitting it to retitle the Manufactured Home. (c) If the Servicer is still unable to retitle the Manufactured Home, Origen Servicing, Inc. will take all actions necessary to act with the Servicer to initiate replevin action upon the Manufactured Home, including, as appropriate, the filing of any UCC-1 or UCC-2 financing statements necessary to perfect the security interest in any Manufactured Home that constitutes a fixture under the laws of the jurisdiction in which it is located and all actions necessary to perfect the security interest in any Manufactured Home that is considered or classified as part of the real estate on which it is located under the laws of the jurisdiction in which it is located.

Retitling; Security Interests. (a) If, at any time, a Service Transfer has occurred and the new Servicer is unable to repossess or foreclose upon a Manufactured Home because the title document for such Manufactured Home does not show such Servicer or the Indenture Trustee as the holder of the first priority security interest in the Manufactured Home, such Servicer shall take all necessary steps to apply for a replacement title document showing it or the Indenture Trustee as the secured party; provided that the new Servicer shall be reimbursed by the Trust for all reasonable expenses in connection with its responsibilities under this Section 3.13. (b) In order to facilitate the Servicer's actions, as described in subsection (a) of this section, Origen Servicing, Inc. will provide the Servicer, and the Servicer will provide the Indenture Trustee, with any necessary power of attorney permitting it to retitle the Manufactured Home. (c) If the Servicer is still unable to retitle the Manufactured Home, Origen Servicing, Inc. will take all actions necessary to act with the Servicer to initiate replevin action upon the Manufactured Home, including, as appropriate, the filing of any UCC-1 or UCC-2 financing statements necessary to perfect the security interest in any Manufactured Home that constitutes a fixture under the laws of the jurisdiction in which it is located and all actions necessary to perfect the security interest in any Manufactured Home that is considered or classified as part of the real estate on which it is located under the laws of the jurisdiction in which it is located.

Retitling; Security Interests. (a) If, at any time, a Service Transfer has occurred and the new Servicer is unable to repossess or foreclose upon a Manufactured Home because the title document for such Manufactured Home does not show such Servicer or the Indenture Trustee as the holder of the first priority security interest in the Manufactured Home, such Servicer shall take all necessary steps to apply for a replacement title document showing it or the Indenture Trustee as the secured party; provided provided, that the new Servicer shall be reimbursed by the Trust for all reasonable expenses in connection with its responsibilities under this Section 3.135.12. (b) In order to facilitate the Servicer's actions, as described in subsection (a) of this section, Origen Servicing, Inc. the Seller will provide the Servicer, and the Servicer will provide the Indenture Trustee, with any necessary power of attorney permitting it to retitle the Manufactured Home. (c) If the Servicer is still unable to retitle the Manufactured Home, Origen Servicing, Inc. the Seller will take all actions necessary to act with the Servicer to initiate replevin action upon the Manufactured Home, including, as appropriate, the filing of any UCC-1 UCC1 or UCC-2 UCC3 financing statements necessary to perfect the security interest in any Manufactured Home that constitutes a fixture under the laws of the jurisdiction in which it is located and all actions necessary to perfect the security interest in any Manufactured Home that is considered or classified as part of the real estate on which it is located under the laws of the jurisdiction in which it is located.