Common use of Trust Receipt and Initial Certification of the Custodian Clause in Contracts

Trust Receipt and Initial Certification of the Custodian. (a) No later than 1:00 p.m. Eastern Time on the Closing Date or Subsequent Transfer Date, as applicable, the Custodian shall deliver to the Trustee a Trust Receipt and Initial Certification certifying, subject to any exceptions noted thereon, as to each Initial Mortgage Loan or Subsequent Mortgage Loan, as applicable, on the Mortgage Loan Schedule, (i) receipt of the original Mortgage Note and Assignment of Mortgage and (ii) that the Mortgage Note has been reviewed by the Custodian and appears regular on its face and relates to such Mortgage Loan.

Trust Receipt and Initial Certification of the Custodian. (a) No later than 1:00 p.m. Eastern Time on the Closing Date or Subsequent Transfer Date, as applicable, the Custodian shall deliver to the Trustee a Trust Receipt and Initial Certification certifying, subject to any exceptions noted thereonlisted on the exception report attached thereto, as to each Initial Mortgage Loan or Subsequent Mortgage Loan, as applicable, Loan on the Mortgage Loan Schedule, (i) receipt of the original Mortgage Note and Assignment of Mortgage and (ii) that the Mortgage Note has been reviewed by the Custodian and such Mortgage Note appears regular on its face and relates to such Mortgage Loan.

Trust Receipt and Initial Certification of the Custodian. (a) No later than 1:00 p.m. Eastern Time on the Closing Date or Subsequent Transfer Date, as applicable, the Custodian shall deliver to the Trustee and the Master Servicer a Trust Receipt and Initial Certification certifying, subject to any exceptions noted thereon, as to each Initial Mortgage Loan or Subsequent Mortgage Loan, as applicable, on the Mortgage Loan Schedule, (i) receipt of the original Mortgage Note and Assignment of Mortgage and (ii) that the Mortgage Note has been reviewed by the Custodian and appears regular on its face and relates to such Mortgage Loan.