HOME LOAN TRUST definition

HOME LOAN TRUST. 2002-HI5 Home Loan-Backed Note Home Loan Trust 2002-HI5, a statutory trust duly organized and existing under the laws of the State of Delaware (herein referred to as the "Issuer"), for value received, hereby promises to pay to Cede & Co. or registered assigns, the principal sum of $___________, payable on each Payment Date in an amount equal to the Percentage Interest specified above of the aggregate amount, if any, payable from the Payment Account in respect of principal on the Class M-__ Notes pursuant to Section 3.05 of the Indenture dated as of January 3, 2003 (the "Indenture") between the Issuer, as Issuer, and JPMorgan Chase Bank, as Indenture Trustee (the "Indenture Trustee"); provided, however, that the entire unpaid principal amount of this Note shall be due and payable on the Payment Date in January 2028, to the extent not previously paid on a prior Payment Date. Capitalized terms used but not defined herein are defined in Appendix A of the Indenture. [Interest on the Class M-__ Notes will be paid monthly on each Payment Date at the Note Rate. The Note Rate for the Class M-__ Notes will be _____% per annum. Interest will be computed on the basis of a 30-day month and a 360-day year. Principal of and interest on this Note shall be paid in the manner specified on the reverse hereof. On the Step-Up Date, the Note Rate on the Class M-___ Note will increase by 0.50% per annum. Principal of and interest on this Note are payable in such coin or currency of the United States of America as at the time of payment is legal tender for payment of public and private debts. All payments made by the Issuer with respect to this Note shall be applied first to interest due and payable on this Note as provided above and then to the unpaid principal of this Note. Reference is made to the further provisions of this Note set forth on the reverse hereof, which shall have the same effect as though fully set forth on the face of this Note. Unless the certificate of authentication hereon has been executed by the Indenture Trustee whose name appears below by manual signature, this Note shall not be entitled to any benefit under the Indenture referred to on the reverse hereof, or be valid or obligatory for any purpose. This Note is one of a duly authorized issue of Notes of the Issuer, designated as its Home Loan-Backed Notes (herein called the "Notes"), all issued under the Indenture, to which Indenture and all indentures supplemental thereto reference is hereby made for a ...
Sample 1

Examples of HOME LOAN TRUST in a sentence

  • GMACM HOME LOAN TRUST 2001-HLTV1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: January 30, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2000-CL1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: September 28, 2000 By: Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2001-CL1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: November 29, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • GMACM HOME LOAN TRUST 2000-HLTV2 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: August 29, 2000 By: Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • FREMONT HOME LOAN TRUST 2003-BAsset-Backed Certificates, Series 2003-BThis page must be accompanied by a disclaimer.

  • GMACM HOME LOAN TRUST 2001-HLTV2 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: October 30, 2001 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

  • HOME LOAN TRUST 2005-HI3 By WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: October 27, 2005 By ---------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Class A-__ Notes referred to in the within mentioned Indenture.

  • HOME LOAN TRUST 2005-HI2 By WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: June 29, 2005 By Authorized Signatory ---------------------------------------- CERTIFICATE OF AUTHENTICATION This is one of the Class A-__ Notes referred to in the within mentioned Indenture.

  • HOME LOAN TRUST 2003-HI3 Computational Materials: Preliminary Term Sheet THE ASSETS OF THE TRUST: The assets of the Trust will include two groups of conventional, closed-end, second-lien, fixed-rate home loans (the "Home Loans"), the proceeds of which will be used primarily for debt consolidation and/or home improvements.

  • GMACM HOME LOAN TRUST 2002-HLTV1 By: WILMINGTON TRUST COMPANY, not in its individual capacity but solely as Owner Trustee Dated: September 26, 2002 By: -------------------------------------- Authorized Signatory CERTIFICATE OF AUTHENTICATION This is one of the Notes referred to in the within-mentioned Indenture.

Related to HOME LOAN TRUST

  • Home Loan A Mortgage Loan categorized as Home Loan pursuant to Appendix E of Standard & Poor's Glossary.

  • Federal home loan bank means a federal home loan bank established under the federal Home Loan Bank Act, 12 U.S.C. §1421 et seq.

  • Savings bank means a state banking corporation organized or reorganized under this act.

  • National City National City Mortgage Co., or any successor thereto.

  • Owner Trust means the trust created by this Agreement.

  • Loan Trustee Means, with respect to any Indenture, the bank, trust company or other financial institution designated as loan trustee thereunder, and any successor to such loan trustee.

  • Covered Home Loans as that term was defined in clause (1) of the definition of that term in the New Jersey Home Ownership Security Act of 2002 that were originated between November 26, 2003 and July 7, 2004), "high risk home," "predatory" or similar loan under any other applicable state, federal or local law (or a similarly classified loan using different terminology under a law imposing heightened regulatory scrutiny or additional legal liability for residential mortgage loans having high interest rates, points and/or fees) or (c) a Mortgage Loan categorized as High Cost pursuant to Appendix E of Standard & Poor's Glossary. For avoidance of doubt, the parties agree that this definition shall apply to any law regardless of whether such law is presently, or in the future becomes, the subject of judicial review or litigation.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Plan Trust means the trust governed by the Plan.

  • NationsBank means NationsBank, N.A. and its successors.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.

  • Business trust means a trust created for the purposes of making a profit through the combination of capital contributed by the beneficiaries of the trust and through the administration or management of the capital by trustees or a person acting on behalf of those trustees, for the benefit of the beneficiaries;

  • FHA Mortgage Insurance means, mortgage insurance authorized under the National Housing Act, as amended from time to time, and provided by the FHA.

  • Residential mortgage loan means any loan primarily for

  • Mortgage Insurer means CMHC, Genworth Financial Insurance Company Canada, or any other company that insures the payment of mortgages to mortgage lenders.

  • U.S. Bank means U.S. Bank National Association.

  • Original Mortgage Loan The mortgage loan refinanced in connection with the origination of a Refinancing Mortgage Loan.

  • Chase means The Chase Manhattan Bank.

  • Bank One means Bank One, NA, a national banking association having its principal office in Chicago, Illinois, in its individual capacity, and its successors.

  • Commercial Mortgage Loan means a loan secured by a Lien on improved real estate used for commercial purposes.