Second Lien Mortgages. The related first Lien on the Mortgage Loan does not require a consent from the holder of the first Lien, or if such a consent is required, it has been obtained and is contained in the Mortgage File. The Borrowers have not received notice of a default of the related first Lien which has not been cured.
Appears in 3 contracts
Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)
Second Lien Mortgages. The related first Lien on the --------------------- Mortgage Loan does not require a consent from the holder of the first Lien, or if such a consent is required, it has been obtained and is contained in the Mortgage File. The Borrowers have Borrower has not received notice of a default of the related first Lien which has not been cured.
Appears in 1 contract
Samples: Master Loan and Security Agreement (New Century Financial Corp)
Second Lien Mortgages. The related first Lien on the Mortgage Loan does not require a consent from the holder of the first Lien, or if such a consent is required, it has been obtained and is contained in the Mortgage File. The Borrowers have Borrower has not received notice of a default of the related first Lien which has not been cured.
Appears in 1 contract
