Common use of Transfer of Subsequent Mortgage Loans Clause in Contracts

Transfer of Subsequent Mortgage Loans. As of the related Cut-off Date, subject to and upon the terms and conditions set forth in Sections 2.01, 2.04 and 2.13 of the Pooling and Servicing Agreement and set forth in this Agreement, the Seller hereby irrevocably sells, transfers, assigns, sets over and otherwise conveys to the Trust without recourse other than as expressly provided herein and in the Pooling and Servicing Agreement, all the right, title and interest of the Seller in and to the (i) Subsequent Mortgage Loans including the related Principal Balance as of the related Cut-off Date, all interest accruing thereon after the related Cut-off Date, and all collections in respect of principal received after the related Cut-Off Date; (ii) property which secured a Subsequent Mortgage Loan and which is acquired by foreclosure or in lieu of foreclosure; (iii) interest of the Seller in any insurance policies in respect of the Subsequent Mortgage Loans; and (iv) all proceeds of any of the foregoing.

Transfer of Subsequent Mortgage Loans. As of the related Cut-off Date, subject to and upon the terms and conditions set forth in Sections 2.01, 2.04 and 2.13 2.09 of the Pooling and Servicing Agreement and set forth in this Agreement, the Seller and the Depositor hereby irrevocably sellssell, transferstransfer, assignsassign, sets set over and otherwise conveys convey to the Trustee on behalf of the Trust Fund without recourse other than as expressly provided herein and in the Pooling and Servicing Agreement, all the right, title and interest of the Seller in and to the (i) Subsequent Mortgage Loans including the related Stated Principal Balance as of the related Cut-off Date, all interest accruing thereon after the related Cut-off Date, and all collections in P-1 169 respect of principal received after the related Cut-Off Date; (ii) property which secured a Subsequent Mortgage Loan and which is acquired by foreclosure or in lieu of foreclosure; (iii) interest of the Seller in any insurance policies in respect of the Subsequent Mortgage Loans; and (iv) all proceeds of any of the foregoing.