Common use of SALE OF MORTGAGE LOANS AND RELATED PROVISIONS Clause in Contracts

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 Section 2.3 Payment of Purchase Price..............................................11 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Section 2.5 Draws During Rapid Amortization Period.................................13

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans................................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ...................................7 Section 2.3 Payment of Purchase Price..............................................11 ..........................................10 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 ................11 Section 2.5 Draws During Rapid Amortization Period.................................13.............................11

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..................................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 .....................................6 Section 2.3 Payment of Purchase Price..............................................11 .............................................9 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 [Reserved]...........................................................11 Section 2.5 Draws During Rapid Amortization Period.................................13...............................11

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 .........................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ..............................4 Section 2.3 Payment of Purchase Price..............................................11 ......................................4 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation.....................................................5 Section 2.5 Draws During Rapid Amortization Period.................................13.........................5

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 ...............................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ....................4 Section 2.3 Payment of Purchase Price..............................................11 ............................4 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation...........................................5 Section 2.5 Draws During Rapid Amortization Period.................................13...............5 Section 2.6 Security Interest....................................6

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans...............................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ..................................5 Section 2.3 Payment of Purchase Price..............................................11 ..........................................9 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 [Reserved]........................................................10 Section 2.5 Draws During Rapid Amortization Period.................................13............................10

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 ......................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 [Reserved]..................................................4 Section 2.3 Payment of Purchase Price..............................................11 ...................................4 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation..................................................5 Section 2.5 Draws During Rapid Amortization Period.................................13Period5

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 .....................................................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ..........................................................5 Section 2.3 Payment of Purchase Price..............................................11 ..................................................................7 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation................................................................................7 Section 2.5 Draws During Rapid Amortization Period.................................13....................................................8 Section 2.6 Security Interest.........................................................................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ...............................5 Section 2.3 Payment of Purchase Price..............................................11 .......................................7 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation......................................................8 Section 2.5 Draws During Rapid Amortization Period.................................13..........................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 ........................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 .............................5 Section 2.3 Payment of Purchase Price..............................................11 .....................................7 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation....................................................8 Section 2.5 Draws During the Rapid Amortization Period.................................13....................8 Section 2.6 Security Interest.............................................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 .....................................................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ..........................................................5 Section 2.3 Payment of Purchase Price..............................................11 ..................................................................7 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation.................................................................................8 Section 2.5 Draws During the Rapid Amortization Period.................................13.................................................8 Section 2.6 Security Interest..........................................................................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..........................................3 .............................................2 Section 2.2 Sale of Subsequent Mortgage Loans.......................................8 ..................................5 Section 2.3 Payment of Purchase Price..............................................11 ..........................................7 Section 2.4 Variable Funding Notes on or after the Closing Date....................13 Allocation.........................................................8 Section 2.5 Draws During the Rapid Amortization Period.................................13.........................8