Examples of Decision One Mortgage Loans in a sentence
Mortgage Pass Throxxx Xxrxxxxxxxes, Series 2006-HE2 Representations and Warranties of Decision One as to the Decision One Mortgage Loans With respect to the Mortgage Loans for which Decision One is specific as the Responsible Party on the Mortgage Loan Schedule, Decision One hereby makes the following representations and warranties set forth in this Schedule VIII to the other parties to the Agreement to which this Schedule VIII is attached as of the Closing Date.
Each such Prepayment Penalty is in an amount not more than the maximum amount permitted under applicable law and no such Prepayment Penalty may provide for a term in excess of five (5) years with respect to Decision One Mortgage Loans originated prior to October, 1, 2002.
The Mortgagor has executed a statement to the effect that the Mortgagor has received all disclosure materials required by, and Decision One has complied with, all applicable law with respect to the making of the Decision One Mortgage Loans.
Mortgage Pass Xxxxxxh Xxxxxxicates, Series 2006-HE3 Representations and Warranties of Decision One as to the Decision One Mortgage Loans With respect to the Mortgage Loans for which Decision One is specific as the Responsible Party on the Mortgage Loan Schedule, Decision One hereby makes the following representations and warranties set forth in this Schedule VII to the other parties to the Agreement to which this Schedule VII is attached as of the Closing Date.
With respect to Decision One Mortgage Loans originated on or after October 1, 2002, the duration of the Prepayment Penalty period shall not exceed three (3) years from the date of the Mortgage Note unless the Decision One Mortgage Loan was modified to reduce the Prepayment Penalty period to no more than three (3) years from the date of such Decision One Mortgage Loan and the Mortgagor was notified in writing of such reduction in Prepayment Penalty period.
Mortgage Pass Throxxx Xxrxxxxxxxes, Series 2006-HE1 Representations and Warranties of Decision One as to the Decision One Mortgage Loans Decision One hereby makes the representations and warranties set forth in this Schedule VI, as to Decision One Mortgage Loans only, to the Depositor, the Servicer and the Trustee, as of the Closing Date (unless otherwise expressly indicated).
With respect to the Decision One Mortgage Loans, the Seller hereby makes the representations and warranties contained in Section 9.01 of the Decision One Purchase Agreement with respect to each of the Decision One Mortgage Loans to and for the benefit of the Depositor, the Trustee and the Trust Fund.
The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority (as applicable) by a title insurance policy, an endorsement to the policy insuring the mortgagee's consolidated interest or by other title evidence in accordance with the Underwriting Guidelines and as would be acceptable to prudent mortgage lenders making mortgage loans similar to the Decision One Mortgage Loans in accordance with acceptable mortgage servicing practices.
Except with respect to Decision One Mortgage Loans representing approximately 1.10% of the aggregate principal balance of Decision One Mortgage Loans as of the Cut-off Date, all payments required to be made up to the related Closing Date for the Mortgage Loan under the terms of the Mortgage Note, other than payments not yet 30 days delinquent, have been made and credited.
Except with respect to Decision One Mortgage Loans representing approximately 1.87% of the aggregate principal balance of Decision One Mortgage Loans as of the Cut-off Date, all payments required to be made up to the related Closing Date for the Mortgage Loan under the terms of the Mortgage Note, other than payments not yet 30 days delinquent, have been made and credited.