Conveyance of Mortgage Loans Original Issuance of Certificates Sample Clauses
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms)
Conveyance of Mortgage Loans Original Issuance of Certificates. 31 Section 2.01 Conveyance of Mortgage Loans..........................................31
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans................................. Section 2.02 Acceptance by the Trustee of the Mortgage Loans...........
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01. Conveyance of Mortgage Loans..........................................................59 SECTION 2.02. Acceptance of REMIC I by the Trustee..................................................61 SECTION 2.03. Repurchase or Substitution of Mortgage Loans by the Seller or the Depositor; Payment of Prepayment Charge Payment Amounts. .....................................................................................63 SECTION 2.04. [Reserved]............................................................................66 SECTION 2.05. Representations, Warranties and Covenants of the Master Servicer. .....................................................................................66 SECTION 2.06. Issuance of the REMIC I Regular Interests and the Class R-I Interest. .....................................................................................68 SECTION 2.07. Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II by the Trustee...............................................................69 SECTION 2.08. Issuance of Class R Certificates......................................................69 ARTICLE III
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01 Conveyance of the Mortgage Loans. On the Closing Date, the Depositor will transfer, assign, set over and otherwise convey to the Trustee without recourse, for the benefit of the Certificateholders, all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in and to the Mortgage Loans identified on the Mortgage Loan Schedule, the rights of the Depositor under the Mortgage Loan Purchase Agreement, and all other assets included or to be included in REMIC I. Such assignment includes all interest and principal received by the Depositor or the Servicer on or with respect to the Mortgage Loans (other than payments of principal and interest due on such Mortgage Loans on or before the Cut-off Date). The Depositor herewith delivers to the Trustee an executed copy of the Mortgage Loan Purchase Agreement. In addition, on the Closing Date, the Trustee is hereby directed to enter into the Swap Agreement on behalf of the Trust Fund with the Swap Counterparty. In connection with such transfer and assignment, the Depositor shall deliver to and deposit with the Custodian on behalf of the Trustee the following documents or instruments with respect to each Mortgage Loan so transferred and assigned (in each case, a "Mortgage File"):
(i) the original Mortgage Note, endorsed in blank or in the following form "Pay to the order of Xxxxx Fargo Bank, N.A., as Trustee under the applicable agreement, without recourse," with all prior and intervening endorsements showing a complete chain of endorsement from the originator to the Person so endorsing to the Trustee;
(ii) the original Mortgage with evidence of recording thereon, and the original recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;
(iii) an original Assignment in blank;
(iv) the original recorded Assignment or Assignments showing a complete chain of assignment from the originator to the Person assigning the Mortgage to the Trustee as contemplated by the immediately preceding clause (iii);
(v) the original or copies of each assumption, modification or substitution agreement, if any; and
(vi) the original lender's title insurance policy or, if the original title policy has not been issued, the irrevocable commitment to issue the same. With respect to a maximum of approximately 2.0% of the Original Mortgage Loans by outstanding Stated Principal Balance of the Original Mortga...
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01. Conveyance of Mortgage Loans.......................................................................40 Section 2.02. Acceptance of the Trust Fund by the Trustee......................................................
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans................................. Section 2.02 Acceptance by the Trustee or Custodian of the Mortgage Loans....................................................... Section 2.03 Representations, Warranties and Covenants of the Master Servicer.................................................... Section 2.04 Representations and Warranties of the Depositor as to the Mortgage Loans.............................................. Section 2.05 Designation of Interests in the REMICs....................... Section 2.06 Designation of Start-up Day.................................. Section 2.07 REMIC Certificate Maturity Date.............................. Section 2.08 Execution and Delivery of Certificates.......................
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01 Conveyance of the Mortgage Loans......................................................54 SECTION 2.02 Acceptance of REMIC I by Trustee......................................................56 SECTION 2.03 Repurchase or Substitution of Mortgage Loans by the Originators, the Seller or the Depositor..............................................58 SECTION 2.04 Representations and Warranties of the Depositor.......................................62 SECTION 2.05 Representations, Warranties and Covenants of the Servicers............................64 SECTION 2.06 Issuance of the Class R-I Certificates................................................67 SECTION 2.07 Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II by the Trustee...............................................................67 SECTION 2.08 Issuance of Class R-II Certificates...................................................68 SECTION 2.09 Conveyance of REMIC II Regular Interests; Acceptance of REMIC III by the Trustee..............................................................68 SECTION 2.10 Issuance of REMIC III Certificates....................................................68 ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
SECTION 3.01 Servicers to Act as Servicers.........................................................69 SECTION 3.02 Sub-Servicing Agreements Between Servicer and Sub-Servicers...........................71 SECTION 3.03 Successor Sub-Servicers...............................................................73 SECTION 3.04 Liability of the Servicer.............................................................73 SECTION 3.05 No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders......................................74 SECTION 3.06 Assumption or Termination of Sub-Servicing Agreements by Trust Administrator...................................................................74 SECTION 3.07 Collection of Certain Mortgage Loan Payments..........................................74 SECTION 3.08 Sub-Servicing Accounts................................................................75 SECTION 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts....................................................................76 SECTION 3.10 Collection Account and Distribution Account...........................................77 SECTION 3.11 Withdrawals from the Collection Account and ...
Conveyance of Mortgage Loans Original Issuance of Certificates. 52 Section 2.01 Conveyance of Mortgage Loans to Trustee................. 52 Section 2.02 Acceptance of Mortgage Loans by Trustee................. 55 Section 2.03 Assignment of Interest in the Mortgage Loan Purchase Agreement............................................... 58 Section 2.04 Substitution of Mortgage Loans.......................... 59 Section 2.05 Issuance of Certificates................................ 61 Section 2.06 Representations and Warranties Concerning the Depositor............................................... 61 Section 2.07 Representations and Warranties Concerning the Master Servicer and Securities Administrator................... 62
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms) ...................................................................-20- Section 2.02 Acceptance by Trustee. (See Section 2.02 of the Standard Terms) ...................................................................-20- Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Company.............................................................-20- Section 2.04 Representations and Warranties of Sellers. (See Section 2.04 of the Standard Terms) ...................................................................-22- Section 2.05 Execution and Authentication of Certificates........................-22- ARTICLE III