Common use of Title, Conservation and Disposition of REO Property Clause in Contracts

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2006-FR1 Mortgage Pass-Through Certificates, Series 2006-FR1, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the applicable Servicer shall cause the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 HE1 Mortgage Pass-Through Certificates, Series 20062005-FR1HE1, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 FR2 Mortgage Pass-Through Certificates, Series 20062005-FR1FR2, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2006-FR1 FR2 Mortgage Pass-Through Certificates, Series 2006-FR1FR2, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 OP2 Mortgage Pass-Through Certificates, Series 20062005-FR1OP2, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 FR3 Mortgage Pass-Through Certificates, Series 20062005-FR1FR3, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2006-FR1 FR3 Mortgage Pass-Through Certificates, Series 2006-FR1FR3, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 OP1 Mortgage Pass-Through Certificates, Series 20062005-FR1OP1, or to its nominee, for the benefit of the Certificateholders.

Title, Conservation and Disposition of REO Property. (a) This Section shall apply only to REO Properties acquired for the account of the Trustee and shall not apply to any REO Property relating to a Mortgage Loan which was purchased or repurchased from the Trustee pursuant to any provision hereof. In the event that title to any such REO Property is acquired, the deed or certificate of sale shall be issued to Wells Fargo Bank, National Association (or, if applicable, the name of txx xxccessor xxx xuccessor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 20062005-FR1 Mortgage Pass-Through Certificates, Series 20062005-FR1, or to its nominee, for the benefit of the Certificateholders.