Common use of SELLER’S REPURCHASE OBLIGATIONS Clause in Contracts

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it required by Section 13.20, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 1 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 1 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it required by Section 13.2013.15, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 2 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.16, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 Nonconforming an Undesignated Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Mortgage Loan, or fails to provide to MBF either a true and correct photocopy of it or information about it as required by Section 13.2013.18, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the AgreementAgreement is amended to read in full as follows: In the case of a Type 4 3 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.17, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 Nonconforming an Undesignated Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Mortgage Loan, or fails to provide to MBF either a true and correct photocopy of it or information about it as required by Section 13.2013.17, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 1 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 1 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it required by Section 13.2013.15, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 1 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF either a true and correct photocopy of it or information about it as required by Section 13.2013.14, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the AgreementAgreement is amended to read in full as follows: In the case of a Type 4 3 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.17, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 2 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.16, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 3 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.16, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.

SELLER’S REPURCHASE OBLIGATIONS. The following sentence is added to the end of subsection 8.2(a) of the Agreement: In the case of a Type 4 2 Nonconforming Loan, if Seller fails to obtain a Takeout Commitment for such Type 4 Nonconforming Loan, or fails to provide to MBF a true and correct photocopy of it or information about it as required by Section 13.2013.15, within ninety (90) days after the Acquisition Date, MBF may notify Seller, and notify Seller, and Seller shall promptly repurchase such Mortgage Loan at the Repurchase Adjusted Acquisition Price on the date of repurchase.