Common use of Return of Principal and Interest Clause in Contracts

Return of Principal and Interest. Nothing contained in this Agreement or any other agreement between the Lenders and the Servicer Parties with respect to the Secured Note or the Security Property is intended, nor shall it be construed to be, as any type of representation, warranty or guaranty whatsoever by the Servicer Parties that the Secured Note is collectible, that any Lender shall ultimately receive his or her pro rata share of the entire unpaid principal balance, accrued interest and costs with respect to the Secured Note and the Security Document or that the equity in the Security Property is sufficient to protect such Lender’s investment.

Appears in 5 contracts

Samples: L Oan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement

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Return of Principal and Interest. Nothing contained in this Agreement or any other agreement between the Lenders and the Servicer Parties with respect to the Secured Note or the Security Property is intended, nor shall it be construed to be, as any type of representation, warranty or guaranty whatsoever by the Servicer Parties or Servicer’s Employees that the Secured Note is collectible, that any Lender shall ultimately receive his or her pro rata share of the entire unpaid principal balance, accrued interest interest, costs and costs Assessment(s) advanced with respect to the Secured Note and the Security Document Deed of Trust or that the equity in the Security Property is sufficient to protect such Lender’s investment.

Appears in 2 contracts

Samples: Loan Servicing and Tenancy in Common Agreement, Loan Servicing and Tenancy in Common Agreement

Return of Principal and Interest. Nothing contained in this Agreement or any other agreement between the Lenders and the Servicer Parties with respect to the Secured Note or the Security Property is intended, nor shall it be construed to be, as any type of representation, warranty or guaranty whatsoever by the Servicer Parties that the Secured Note is collectible, that any Lender shall ultimately receive his or her pro rata share of the entire unpaid principal balance, accrued interest and costs with respect to the Secured Note and the Security Document Deed of Trust or that the equity in the Security Property is sufficient to protect such LenderXxxxxx’s investment.

Appears in 2 contracts

Samples: Loan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement

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Return of Principal and Interest. Nothing contained in this Agreement or any other agreement between the Lenders and the Servicer Parties with respect to the Secured Note or the Security Property is intended, nor shall it be construed to be, as any type of representation, warranty or guaranty whatsoever by the Servicer Parties that the Secured Note is collectible, that any Lender shall ultimately receive his or her pro rata share of the entire unpaid principal balance, accrued interest and costs with respect to the Secured Note and the Security Document Deed of Trust or that the equity in the Security Property is sufficient to protect such Lender’s investment.

Appears in 2 contracts

Samples: Loan Servicing and Equity Interest Agreement, Loan Servicing and Equity Interest Agreement

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