Common use of Transfer of Mortgage Assets Clause in Contracts

Transfer of Mortgage Assets. Xxxxxx Xxx, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee for the Holders of Certificates evidencing beneficial ownership interests in the Trust established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Mortgage Assets identified in the Mortgage Asset Schedule attached hereto, including all payments of principal and interest thereon received on and after the Issue Date (other than the portion of any payment representing interest for a period prior to the Issue Date and other than any installments of principal due in respect of a Mortgage Loan on the Issue Date).

Transfer of Mortgage Assets. Xxxxxx Xxx, acting in its corporate capacity, does hereby transfer, assign, set over and otherwise convey to Xxxxxx Mae, acting in its capacity as Trustee for the Holders of Certificates evidencing beneficial ownership interests in the Trust established hereby, all of Xxxxxx Mae’s right, title and interest in and to the Mortgage Assets identified in the Mortgage Asset Schedule attached hereto, including all payments of principal and interest thereon received on and after the Issue Date (other than the portion of any payment representing interest for a period prior to the Issue Date and other than any installments of principal due in respect of a Group 1 Mortgage Loan on the Issue Date).