SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Purchase and Sale of Mortgage Loans; Deposit of Derivatives 2 Section 2.02. Reserved 3 Section 2.03. Purchase Price 3 Section 2.04. Possession of Mortgage Files; Access to Mortgage Files 3 Section 2.05. Delivery of Mortgage Loan Documents 3 Section 2.06. Acceptance of the Trust Estate; Certain Substitutions; Certification by the Indenture Trustee 6 Section 2.07. Grant of Security Interest 8 Section 2.08. Further Action Evidencing Assignments 9 Section 2.09. Assignment of Agreement 9
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01. Purchase and Sale of Mortgage Loans; Deposit of Derivatives..........................2 Section 2.02. Reserved.............................................................................3 Section 2.03.
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01. Purchase and Sale of the Closing Date Mortgage Loans; Deposit of Derivatives.
(a) The Sponsor hereby directs the Depositor to sell, transfer, assign, set over and convey, and the Depositor does hereby sell, transfer, assign, set over and convey to the Issuing Entity, in each case without recourse, but subject to the terms and provisions of this Agreement, all of the right, title and interest of the Depositor in and to the Closing Date Mortgage Loans, including the Cut-Off Date Principal Balance of, and interest due on, such Closing Date Mortgage Loans listed on Schedule I attached hereto, and all other assets included or to be included in the Trust Estate (other than the Swap Agreement, which is being entered into directly by the Issuing Entity). The sale of the Closing Date Mortgage Loans will take place on the Closing Date, subject to and simultaneously with the deposit of the Closing Date Mortgage Loans and the Original Pre-Funded Amount and the Capitalized Interest Account into the Trust Estate, the authentication of the Notes by the Indenture Trustee and the sale of the Notes pursuant to the Underwriting Agreement.
(b) The Depositor may cause the deposit of derivatives at any time into the Accredited Mortgage Loan Trust 2006-2 and any such deposited derivatives shall become part of the Trust Estate.
(c) The parties hereto understand and agree that it is not intended that any Mortgage Loan be included in the Issuing Entity that is a “High-Cost Home Loan” as defined by HOEPA or any other applicable predatory or abusive lending laws.
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01 Conveyance of the Mortgage Loans..............................................................3 Section 2.02 Ownership and Possession of Custodial Loan Files............................................
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01 Sale and Conveyance of Trust Estate;
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Sale and Conveyance of Trust Estate; Priority and Subordination of Ownership Interests ..................... 39 Section 2.02 Possession of Mortgage Files ............................. 39 Section 2.03
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01. Purchase and Sale of Mortgage Loans; Deposit of Derivatives....
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01. Purchase and Sale of Initial Mortgage Loans.........................................................3 Section 2.02. Purchase and Sale of Subsequent Mortgage Loans......................................................3 Section 2.03. Obligation to Purchase Subsequent Mortgage Loans....................................................4 Section 2.04. Possession of Mortgage Files; Access to Mortgage Files..............................................4 Section 2.05. Delivery of Mortgage Loan Documents...............................................................
SALE AND CONVEYANCE OF THE MORTGAGE LOANS. Section 2.01. Purchase and Sale of Initial Mortgage Loans......................2 Section 2.02. Purchase and Sale of Subsequent Mortgage Loans...................3 Section 2.03.
SALE AND CONVEYANCE OF THE MORTGAGE LOANS
