Common use of Sale of Closing Date Mortgage Loans and MI Policies Clause in Contracts

Sale of Closing Date Mortgage Loans and MI Policies. (a) The Seller hereby sells, and the Company hereby purchases on the Closing Date the Closing Date Mortgage Loans identified (and the related MI Policies) on the Mortgage Loan Schedule annexed hereto as Exhibit 1, the proceeds thereof and all rights under the Related Documents (including the related Mortgage Files). The Closing Date Mortgage Loans consist of two groups of conventional, residential first and second lien mortgage loans with fixed and adjustable interest rates, the Group I Mortgage Loans and the Group II Mortgage Loans. The Closing Date Mortgage Loans will have a Principal Balance as of the close of business on the Cut-off Date, after giving effect to any payments due on or before such date whether or not received, of approximately $1,084,764,759. 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 into the Trust Fund, the issuance of the Securities by the Trustee and the sale of the Underwritten Certificates pursuant to the Underwriting Agreement. The purchase price (the "Purchase Price") for the Closing Date Mortgage Loans to be paid by the Company to the Seller on the Closing Date shall consist of the following:

Sale of Closing Date Mortgage Loans and MI Policies. (a) The Seller hereby sells, and the Company hereby purchases on the Closing Date the Closing Date Mortgage Loans identified (and the related MI Policies) on the Mortgage Loan Schedule annexed hereto as Exhibit 1, the proceeds thereof and all rights under the Related Documents (including the related Mortgage Files). The Closing Date Mortgage Loans consist of two a pool of three groups of conventional, residential first lien mortgage loans with fixed and adjustable interest rates, the Group IA Mortgage Loans, the Group II Mortgage Loans and the Group III Mortgage Loans, and a group of residential first and second lien mortgage loans with fixed and adjustable interest rates, the Group I Mortgage Loans and the Group II IB Mortgage Loans. The Closing Date Mortgage Loans will have a Principal Balance as of the close of business on the Cut-off Date, after giving effect to any payments due on or before such date whether or not received, of approximately $1,084,764,7591,200,000,000. 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 into the Trust Fund, the issuance of the Securities Certificates by the Trustee and the sale of the Underwritten Certificates pursuant to the Underwriting Agreement. The purchase price (the "“Purchase Price"”) for the Closing Date Mortgage Loans to be paid by the Company to the Seller on the Closing Date is the unpaid principal balance of the Closing Date Mortgage Loans less any unreimbursed advances plus accrued and unpaid interest plus any costs and damages incurred in connection with the violation of any Closing Date Mortgage Loan of any predatory or abusive lending law. The Purchase Price shall consist of the following:

Sale of Closing Date Mortgage Loans and MI Policies. (a) The Seller hereby sells, and the Company hereby purchases on the Closing Date the Closing Date Mortgage Loans identified (and the related MI Policies) on the Mortgage Loan Schedule annexed hereto as Exhibit 1, the proceeds thereof and all rights under the Related Documents (including the related Mortgage Files). The Closing Date Mortgage Loans consist of two groups of conventional, residential first and second lien mortgage loans with fixed and adjustable interest rates, the Group I Mortgage Loans and the Group II Mortgage Loans. The Closing Date Mortgage Loans will have a Principal Balance as of the close of business on the Cut-off Date, after giving effect to any payments due on or before such date whether or not received, of approximately $1,084,764,7591,099,497,530. 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 into the Trust Fund, the issuance of the Securities Certificates by the Trustee and the sale of the Underwritten Certificates pursuant to the Underwriting Agreement. The purchase price (the "Purchase Price") for the Closing Date Mortgage Loans to be paid by the Company to the Seller on the Closing Date is the unpaid principal balance of the Closing Date Mortgage Loans less any unreimbursed advances plus accrued and unpaid interest plus any costs and damages incurred in connection with the violation of any Closing Date Mortgage Loan of any predatory or abusive lending law. The Purchase Price shall consist of the following:

Sale of Closing Date Mortgage Loans and MI Policies. (a) The Seller hereby sells, and the Company hereby purchases on the Closing Date the Closing Date Mortgage Loans identified (and the related MI Policies) on the Mortgage Loan Schedule annexed hereto as Exhibit 1, the proceeds thereof and all rights under the Related Documents (including the related Mortgage Files). The Closing Date Mortgage Loans consist of two groups of conventional, residential first and or second lien mortgage loans with fixed and adjustable interest rates, the Group I Mortgage Loans and the Group II Mortgage Loans. The Closing Date Mortgage Loans will have a Principal Balance as of the close of business on the Cut-off Date, after giving effect to any payments due on or before such date whether or not received, of approximately $1,084,764,759310,000,100. 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 into the Trust Fund, the issuance of the Securities by the Trustee and the sale of the Underwritten Certificates pursuant to the Underwriting Agreement. The purchase price (the "Purchase Price") for the Closing Date Mortgage Loans to be paid by the Company to the Seller on the Closing Date shall consist of the following:

Sale of Closing Date Mortgage Loans and MI Policies. (a) The Seller hereby sells, and the Company hereby purchases on the Closing Date the Closing Date Mortgage Loans identified (and the related MI Policies) on the Mortgage Loan Schedule annexed hereto as Exhibit 1, the proceeds thereof and all rights under the Related Documents (including the related Mortgage Files). The Closing Date Mortgage Loans consist of a pool of two groups of conventional, residential first and second lien mortgage loans with fixed and adjustable interest rates, the Group I Mortgage Loans and the Group II Mortgage Loans, and a group of residential first and second lien mortgage loans with fixed and adjustable interest rates, the Group III Mortgage Loans. The Closing Date Mortgage Loans will have a Principal Balance as of the close of business on the Cut-off Date, after giving effect to any payments due on or before such date whether or not received, of approximately $1,084,764,759750,296,584. 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 into the Trust Fund, the issuance of the Securities Certificates by the Trustee and the sale of the Underwritten Certificates pursuant to the Underwriting Agreement. The purchase price (the "Purchase Price") for the Closing Date Mortgage Loans to be paid by the Company to the Seller on the Closing Date is the unpaid principal balance of the Closing Date Mortgage Loans less any unreimbursed advances plus accrued and unpaid interest plus any costs and damages incurred in connection with the violation of any Closing Date Mortgage Loan of any predatory or abusive lending law. The Purchase Price shall consist of the following: