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 Deutsche Bank National Trust Company (or, if applicable, the name of the successor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2007-NC1 Mortgage Pass-Through Certificates, Series 2007-NC1, 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 Deutsche Bank National Trust Company (or, if applicable, the name of the successor Trustee) as Trustee for Securitized Asset Backed Receivables LLC EquiFirst Loan Securitization Trust 2007-NC1 1 Mortgage Pass-Through Certificates, Series 2007-NC11, 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 Deutsche Bank National Trust Company (or, if applicable, the name of the successor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2007-NC1 HE1 Mortgage Pass-Through Certificates, Series 2007-NC1HE1, 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 Deutsche Bank National Trust Company (or, if applicable, the name of the successor Trustee) as Trustee for Securitized Asset Backed Receivables LLC 2007-NC1 NC2 Mortgage Pass-Through Certificates, Series 2007-NC1NC2, or to its nominee, for the benefit of the Certificateholders.