Common use of Sale of Mortgage Loans Clause in Contracts

Sale of Mortgage Loans. (a) The Seller, concurrently with the execution and delivery of this Agreement, does hereby sell, and in connection therewith hereby assigns to the Purchaser, effective as of the Closing Date, without recourse, (i) all of its right, title and interest in and to each Mortgage Loan, including the related Cut-off Date Principal Balance, all interest accruing thereon on and after the Cut-off Date and all collections in respect of interest and principal due on or after the Cut-off Date; (ii) property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iii) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans and (iv) all proceeds of any of the foregoing.

Sale of Mortgage Loans. (a) The Seller, concurrently with the execution and delivery of this Agreement, does hereby sell, and in connection therewith hereby assigns to the Purchaser, effective as of the Closing Date, without recourse, (i) all of its right, title and interest in and to each Mortgage Loan, including the related Cut-off Date Principal Balance, all interest accruing thereon on and after the Cut-off Date and all collections in respect of interest and principal due on or after the Cut-off Date; (ii) property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iii) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans and (iv) all proceeds of any of the foregoing.

Sale of Mortgage Loans. (a) The Seller, concurrently with the execution Seller does hereby agree to and delivery of this Agreement, does hereby sell, assign, set over, and in connection therewith hereby assigns otherwise convey to the Purchaser, effective as of without recourse, on the Closing Date, without recourse, (i) all of its right, title and interest interest, in and to (i) each Mortgage Loan, including Loan and the related Cut-off Date Principal BalanceBalance thereof, including any Related Documents, (ii) all interest accruing thereon payments on and after the Cut-off Date and all or collections in respect of interest and principal the Mortgage Loans due on or after the Cut-off Date; (iiiii) security interests securing the Mortgage Loans and property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iiiiv) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans Loans; and (ivv) all proceeds of any of the foregoing.

Sale of Mortgage Loans. (a) The applicable Seller, concurrently with the execution and delivery of this Agreement, does hereby sell, and in connection therewith hereby assigns to the Purchaser, effective as of the Closing Date, without recourse, (i) all of its right, title and interest in and to each Mortgage LoanLoan identified on the related Schedule, including the related Cut-off Date Principal Balance, all interest accruing thereon on and after the Cut-off Date and all collections in respect of interest and principal due on or after the Cut-off Date; (ii) property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iii) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans and (iv) all proceeds of any of the foregoing.

Sale of Mortgage Loans. (a) The Seller, concurrently with the execution and delivery of this Agreement, does hereby sell, and in connection therewith hereby assigns to the Purchaser, effective as of the Closing Date, without recourse, (i) all of its right, title and interest in and to each Mortgage Loan, including the related Cut-off Date Principal Balance, all interest accruing thereon on and after the Cut-off Date and all collections in respect of interest and principal due on or after the Cut-off Date; (ii) property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iii) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans and (iv) all proceeds of any of the foregoing.

Sale of Mortgage Loans. (a) The Seller, concurrently with the execution Seller does hereby agree to and delivery of this Agreement, does hereby sell, assign, set over, and in connection therewith hereby assigns otherwise convey to the Purchaser, effective as of without recourse, on the Closing Date, without recourse, (i) all of its right, title and interest, including any security interest therein for the benefit of the Seller, in and to (i) each Mortgage Loan, including Loan and the related Cut-off Date Principal BalanceBalance thereof, including any Related Documents, (ii) all interest accruing thereon payments on and or collections in respect of the Mortgage Loans received after the Cut-off Date and all collections in (except with respect of interest and principal due on or after the Cut-off Dateto any Arrearages); (iiiii) property which secured such Mortgage Loan and which has been acquired by foreclosure or deed in lieu of foreclosure; (iiiiv) its interest in any insurance policies (including the PMI Policy) in respect of the Mortgage Loans Loans; and (ivv) all proceeds of any of the foregoing.