Common use of Sole Owner Clause in Contracts

Sole Owner. The Seller is the sole owner and holder of the Mortgage Loan and the indebtedness evidenced by each Mortgage Note. The Mortgage Loan, including the Mortgage Note and the Mortgage, are not assigned or pledged, other than to MERS as designee of Seller, and Seller has good and marketable title thereto and has full right to transfer and sell the Mortgage Loan to the Purchaser free and clear of any encumbrance, equity, lien, pledge, charge, claim or security interest;