Common use of Title and Mortgage Loan Schedule Clause in Contracts

Title and Mortgage Loan Schedule. RWT represents and warrants to, and agrees with, Sxxxxxx that (i) on the Closing Date, RWT will have good, valid and marketable title to the mortgage loans identified on Schedule A hereto (the “Mortgage Loans”), in each case free and clear of all liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; (ii) upon transfer to Sequoia, Sequoia will receive good, valid and marketable title to all of the Mortgage Loans, in each case free and clear of any liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; and (iii) as to each Mortgage Loan, as of the date on which RWT purchased such Mortgage Loan from CitiMortgage, Inc., as originator, the information set forth in the Mortgage Loan Schedule (as defined in the Pooling Agreement) in the fields identified as "Document Type," "Monthly Income" and "Assets Verified" is complete, true and correct in all material respects.

Title and Mortgage Loan Schedule. RWT RRAC represents and warrants to, and agrees with, Sxxxxxx Sequoia that (i) on the Closing Date, RWT RRAC will have good, valid and marketable title to the mortgage loans identified on Schedule A hereto (the “Mortgage Loans”), in each case free and clear of all liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; (ii) upon transfer to Sequoia, Sequoia will receive good, valid and marketable title to all of the Mortgage Loans, in each case free and clear of any liens, mortgages, deeds of trust, pledges, security interests, charges, encumbrances or other claims; and (iii) as to each Mortgage Loan, as of the date on which RWT RRAC purchased such Mortgage Loan from CitiMortgage[List Originators] (each, Inc., as originatoran “Originator”), the information set forth in the Mortgage Loan Schedule (as defined in the Pooling Agreement) in the fields identified as "“Document Type," "” “Monthly Income" ” and "“Assets Verified" ” is complete, true and correct in all material respects.