Common use of Single Premium Credit Life Insurance Clause in Contracts

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) as part of the origination of the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan;

Appears in 28 contracts

Samples: Seller's Warranties and Servicing Agreement (STARM Mortgage Loan Trust 2007-3), Seller's Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5), Servicing Agreement (LXS 2007-3)

AutoNDA by SimpleDocs

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. e.g., life, disability, accident, unemployment unemployment, or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g. e.g., life, disability, accident, unemployment unemployment, mortgage, or health insurance productinsurance) as part of in connection with the origination of the Mortgage LoanLoan from the Seller. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan. None of the proceeds of the Mortgage Loans were used to finance single premium credit life insurance policies;

Appears in 17 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-3), Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8), Servicing Agreement (LXS 2007-3)

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit life insurance policy (e.g. life, disability, accident, unemployment or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) as part of the origination of the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan;

Appears in 10 contracts

Samples: Seller's Warranties and Servicing Agreement (Merrill Lynch Mortgage Backed Securities Trust, Series 2007-1), Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Seller's Warranties and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2)

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of creditMortgage Loan. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) as part of the origination of the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan;

Appears in 9 contracts

Samples: Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Master Seller’s Warranties and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) or debt cancellation agreement as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single premium credit insurance policy (e.g. life, disability, accident, unemployment or health insurance product) as part of the origination of the Mortgage Loan. No proceeds from any Mortgage Loan were used to purchase single premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to closing, such Mortgage Loan;.

Appears in 3 contracts

Samples: Seller's Warranties and Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Seller's Warranties and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1), Seller's Warranties and Servicing Agreement (MASTR Asset Securitization Trust 2006-2)

AutoNDA by SimpleDocs

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. life, credit disability, accidentcredit unemployment, unemployment credit property, debt cancellation, accident or health insurance product) or debt cancellation agreement product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single single-premium credit insurance policy (e.g. life, credit disability, accidentcredit unemployment, unemployment credit property, debt cancellation, accident or health insurance product) as part of policy in connection with the origination of the Mortgage Loan. No None of the proceeds from any of the Mortgage Loan were used to purchase single or finance single-premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to the closing, such Mortgage Loan;.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

Single Premium Credit Life Insurance. No Mortgagor was required to purchase any single premium credit insurance policy (e.g. life, credit disability, accidentcredit unemployment, unemployment credit property, accident or health insurance product) or debt cancellation agreement product as a condition of obtaining the extension of credit. No Mortgagor obtained a prepaid single single-premium credit insurance policy (e.g. life, credit disability, accidentcredit unemployment, unemployment credit property, accident or health insurance product) as part of policy in connection with the origination of the Mortgage Loan. No None of the proceeds from any of the Mortgage Loan were used to purchase single or finance single-premium credit insurance policies or debt cancellation agreements as part of the origination of, or as a condition to the closing, such Mortgage Loan;. (nn)

Appears in 1 contract

Samples: Loan Sale Agreement (Finance of America Companies Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!