Common use of SALE AND CONVEYANCE OF TRUST ASSETS; PRIORITY AND SUBORDINATION OF OWNERSHIP INTERESTS Clause in Contracts

SALE AND CONVEYANCE OF TRUST ASSETS; PRIORITY AND SUBORDINATION OF OWNERSHIP INTERESTS. (a) The Depositors do hereby sell, transfer, assign, set over and convey to the Trustee (for the benefit of the Certificateholders and the Certificate Insurer, as their interests may appear) without recourse, all of the right, title and interest of the Depositors in and to (i) the Mortgage Loans (excepting the Representative's Yield and amounts received on and after the Cut-off Date in respect of interest accrued on the Mortgage Loans prior to the Cut-off Date), (ii) the Mortgage Files relating to the Mortgage Loans, (iii) the related Mortgaged Properties, (iv) the Depositors' rights under all insurance policies with respect to the Mortgage Loans required to be maintained by it, (v) all right, title and interest of the Depositors in, to and under the Transfer Agreement, including the right to cause the Originators to repurchase the Mortgage Loans under certain circumstances, (vi) all right, title and interest of the Depositors in each of the Accounts established and maintained pursuant to ARTICLES V AND VI and (vii) the interest of the Depositors in any proceeds of the property described in clauses (i), (ii), (iii), (iv), (v) and (vi), including all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation, all amounts from time to time held or invested in the Accounts.

SALE AND CONVEYANCE OF TRUST ASSETS; PRIORITY AND SUBORDINATION OF OWNERSHIP INTERESTS. (a) The Depositors do hereby sell, transfer, assign, set over and convey to the Trustee (for the benefit of the Certificateholders and the Certificate Insurer, as their interests may appearCertificateholders) without recourse, all of the right, title and interest of the Depositors in and to (i) the Mortgage Loans (excepting the Representative's Yield and amounts received on and after the Cut-off Date in respect of interest accrued on the Mortgage Loans prior to the Cut-off Date), (ii) the Mortgage Files relating to the Mortgage Loans, (iii) the related Mortgaged Properties, (iv) the Depositors' rights under all insurance policies with respect to the Mortgage Loans required to be maintained by it, (v) all right, title and interest of the Depositors in, to and under the Transfer Agreement, including the right to cause the Originators to repurchase the Mortgage Loans under certain circumstances, (vi) all right, title and interest of the Depositors in each of the Accounts established and maintained pursuant to ARTICLES Articles V AND and VI and (vii) the interest of the Depositors in any proceeds of the property described in clauses (i), (ii), (iii), (iv), (v) and (vi), including all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation, all amounts from time to time held or invested in the Accounts.

SALE AND CONVEYANCE OF TRUST ASSETS; PRIORITY AND SUBORDINATION OF OWNERSHIP INTERESTS. (a) The Depositors do hereby sell, transfer, assign, set over and convey to the Trustee (for the benefit of the Certificateholders and the Certificate Insurer, as their interests may appear) without recourse, all of the right, title and interest of the Depositors in and to (i) the Mortgage Loans (excepting the Representative's Yield and amounts received on and after the Cut-off Date in respect of interest accrued on the Mortgage Loans prior to the Cut-off Date), (ii) the Mortgage Files relating to the Mortgage Loans, (iii) the related Mortgaged Properties, (iv) the Depositors' rights under all insurance policies with respect to the Mortgage Loans required to be maintained by it, (v) all right, title and interest of the Depositors in, to and under the Transfer Agreement, including the right to cause the Originators to repurchase the Mortgage Loans under certain circumstances, (vi) all right, title and interest of the Depositors in each of the Accounts established and maintained pursuant to ARTICLES Articles V AND and VI and (vii) the interest of the Depositors in any proceeds of the property described in clauses (i), (ii), (iii), (iv), (v) and (vi), including all proceeds of the conversion, voluntary or involuntary, of the foregoing into cash, instruments, securities or other property, including without limitation, all amounts from time to time held or invested in the Accounts.