Largest Principal Balance definition
Largest Principal Balance. $________ 8. Non-owner occupied Mortgaged Properties: _____ % 9. Maximum zip code concentration: _____ % 10. Condominiums: _____ % 11. Single-family: _____ % 12. Weighted average term since origination: _____ months 13. [January/February/March] first payment date: _____ % EXHIBIT U FORM OF ADDITION NOTICE [Date] [Trustee] ____________________ ____________________ Re: Pooling and Servicing Agreement, dated as of December 1, 1996, between [Depositor] [Trustee] and [Servicer], relating to AFC Mortgage Loan Asset Backed Certificates, Series 1996-4 -------------------------------------------------------------- Ladies and Gentlemen: Pursuant to Section 2.10 of the above-captioned Pooling and Servicing Agreement, [Depositor] has designated Subsequent Mortgage Loans to be sold to the Trust Fund on _________, 199__, with an aggregate principal balance of $______________. Capitalized terms not otherwise defined herein have the meaning set forth in the Pooling and Servicing Agreement. Please acknowledge your receipt of this notice by countersigning the enclosed copy in the space indicated below and returning it to the attention of the undersigned. Very truly yours, [DEPOSITOR] By: _________________________ Name: _________________________ Title: _________________________ ACKNOWLEDGED AND AGREED: [Trustee] By: ___________________________ Name: ___________________________ Title: ___________________________ Date: ___________________________ EXHIBIT V OFFICER'S CERTIFICATE I, _________________ hereby certify that I am the duly elected ______________ of Superior Bank FSB, a federally chartered stock savings bank (the "Depositor"), and further, to the best of my knowledge and after due inquiry, as follows: Each condition precedent specified in Section 2.10(b) and [Section 2.10(c) for Sub-Pool 1 Mortgage Loans] [Section 2.10(d) for Sub-Pool 2 Mortgage Loans] of the Pooling and Servicing Agreement, dated as of December 1, 1996, among the Depositor, Lee Servicing Company, a division of Superior Bank FSB, and LaSalle National Bank, as Trustee (the "Pooling and Servicing Agreement") and each condition precedent specified in the Subsequent Transfer Instrument has been satisfied by the Depositor. Capitalized terms not otherwise defined herein have the meanings set forth in the Pooling and Servicing Agreement.
Largest Principal Balance. $178,500.00 $________ 13. Non-owner occupied Mortgaged Properties: 1.14% _____% 14. Maximum zip code concentration: 2.97% _____% 15. Condominiums: -0- _____% 16. Single-family: 100% _____% 17. Multifamily, Commercial and Mixed Use Properties -0- _____% 18. Manufactured Housing -0- _____%
Largest Principal Balance. $________ 8. Non-owner occupied Mortgaged Properties: _____ % 9. California zip code concentration: _____ % 10. Condominiums: _____ % 11. Single-family: _____ % 12. Weighted average term since origination: 13. [June/July/August 1997] first payment date: _____ % N-4 EXHIBIT M FORM OF INVESTOR REPRESENTATION LETTER ___________, 1997 Norwest Bank Minnesota, N.A. Norwest Center Sixth & Marquette M▇▇▇▇▇▇▇▇▇▇, ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇ Attn: Re: Southern Pacific Secured Assets Corp. Mortgage Loan Asset-Backed Pass-Through Certificates, Series 1997-2 ---------------------------------------------------- Ladies and Gentlemen: ______________ (the "Purchaser") intends to purchase from ______________ (the "Seller"), a ____% Percentage Interest of Mortgage Loan Asset-Backed Pass-Through Certificates, Series 1997-2, Class (the "Certificates"), issued pursuant to the Pooling and Servicing Agreement (the "Pooling and Servicing Agreement"), dated as of June 1, 1997 among Southern Pacific Secured Assets Corp., as Company (the "Company"), Advanta Mortgage Corp. USA, as master servicer, and Norwest Bank Minnesota, N.A., as trustee (the "Trustee"). All terms used herein and not otherwise defined shall have the meanings set forth in the Pooling and Servicing Agreement. The Purchaser hereby certifies, represents and warrants to, and covenants with, the Company and the Trustee that:
Examples of Largest Principal Balance in a sentence
Largest Principal Balance $__________ [As to the final transfer of Subsequent Mortgage Loans:] 6.
Largest Principal Balance $351,300.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.
Largest Principal Balance $626,500.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.
Largest Principal Balance $381,500.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.
Largest Principal Balance $544,000.00 [As to the final transfer of Subsequent Mortgage Loans:] 6.
More Definitions of Largest Principal Balance
Largest Principal Balance. $500,000.00 13. Non-owner occupied Mortgaged Properties: 5.87% 14. Maximum zip code concentration: 0.66% 15. Condominiums: 0.97% 16. Single-family: 85.38% 17. Multifamily and Mixed Use Properties: 4.00% AFC MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1996-3 ATTACHMENT A TO SUBSEQUENT TRANSFER INSTRUMENT NUMBER THREE FOR SUB-POOL 2 Series 1996-3 October 22, 1996
Largest Principal Balance. $500,000.00 7. Non-owner occupied Mortgaged Properties: 0.00 % 8. California and Michigan zip code concentrations: 27.32% and 11.37% 9. Condominiums: 8.10 % 10.Single-family: 90.55 % 11.Weighted average term since origination: 261.201 12.Principal balance of Subsequent Mortgage Loans $731,850.75 with respect to which the Mortgagor is an employee of GMACM or an affiliate of GMACM: 13.Number of Subsequent Mortgage Loans with 1.97% respect to which the Mortgagor is an employee of GMACM or an affiliate of GMACM: