HOME CONTRACT FILE definition
HOME CONTRACT FILE. With respect to each Land-and-Home --------------------------- Contract,
(a) the original of the Land-and-Home Contract, and, in the case of each Bi-weekly Contract, the original of the bi-weekly rider for such Contract, and, in the case of each Escalating Principal Payment Contract, the original of the graduated payment rider for such Contract;
(b) the original related Mortgage with evidence of recording thereon and any title document for the related Manufactured Home;
(c) with respect to any Land-and-Home Contract not originated by Vanderbilt, the assignment of the Land-and-Home Contract from the originator to Vanderbilt with evidence of recording thereon;
(d) with respect to any Land-and-Home Contract originated by Vanderbilt, an endorsement of such Land-and-Home Contract by Vanderbilt;
(e) with respect to the Land-and-Home Contracts located in the ten states with the highest concentration of Land-and-Home Contracts, an Opinion of Counsel to the effect that Vanderbilt need not cause to be recorded any assignment which relates to Land-and-Home Contracts in such states to protect the Trustee's and the Certificateholders' interest in such Land-and-Home Contracts; provided, however, if Vanderbilt fails to ----------------- deliver such an Opinion of Counsel for any such states, with respect to the Land-and-Home Contracts located in those states, Vanderbilt shall provide an original executed assignment of the Mortgage, with evidence of recording thereon, showing the assignment from Vanderbilt to the Trustee or the separate trustee, as applicable; and
(f) any extension, waiver or modification agreement(s) for each Land- and-Home Contract on the Schedule.
HOME CONTRACT FILE. With respect to each Land-and-Home Contract,
HOME CONTRACT FILE. With respect to each Land-and-Home --------------------------- Contract,
(a) the original copy of the Land-and-Home Contract, and, in the case of each Bi-weekly Contract, the original of the bi-weekly rider for such Contract, and, in the case of each Escalating Principal Payment Contract, the original of the graduated payment rider for such Contract; (b) the original related Mortgage with evidence of recording thereon (or, if the original Mortgage has not been returned by the applicable office, a copy thereof, certified by such recording office, which will be replaced by the original Mortgage when it is so returned) and any title document for the related Manufactured Home;