Lien Position definition

Lien Position. Each Mortgage Loan is secured by a perfected [first] [xxxxxx] lien Mortgage.

Lien Position. Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag: Schedule 1 MORTGAGE LOAN SCHEDULE [FILED BY PAPER] Schedule 2 SCHEDULE OF PREPAYMENT CHARGES (Available Upon Request) Schedule 2-1 Schedule 3 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS The Depositor hereby represents, warrants, and covenants as follows on the Closing Date and on each Distribution Date thereafter:

Lien Position. Each Mortgage Loan is secured by a perfexxxx [xirst] [second] lien Mortgage.

Examples of Lien Position in a sentence

• Mortgage Lien Info Numeric – Integer 2 99 If Lien Position > 1 See Coding 1 = Fixed Rate 2 = ARM 3 = Hybrid 4 = Neg Am 99 = Unknown 21 Hybrid Period of Most Senior Lien (in months) For non-first mortgages where the associated first mortgage is a hybrid ARM, the number of months remaining in the initial fixed interest rate period for the hybrid first mortgage.

• Mortgage Lien Info Date 20090914 YYYYMMDD If Lien Position > 1 and there is a 2nd lien on the subject property “19010101” if unknown 25 Origination Date The date of the Mortgage Note and Mortgage/Deed of Trust Loan Term and Amortization Type Date 20090914 YYYYMMDD Always “19010101” if unknown 26 Original Loan Amount The dollar amount of the mortgage loan, as specified on the mortgage note at the time of the loan’s origination.

• This amount is set forth in the First Lien Position 504 Loan Pool Guarantee Agreement.

• The Pool Originator must also execute the First Lien Position 504 Loan Pool Guaranty Agreement.

• The entity selling the Loan Interest to the Pool Originator must execute the First Lien Position 504 Loan Pool Guarantee Agreement as Seller and, consequently, will be sub- ject to all applicable Program Rules and Regulations pertaining to a Seller.

More Definitions of Lien Position

Lien Position. Senior Lien Holder: Senior Lien Balance: Estimated Senior Lien Foreclosure Sale Date: Senior Lien in Foreclosure - Flag:

Lien Position. Each Mortgage Loan xx xxxured by a perfected [first] [second] lien Mortgage.

Lien Position. Fee/Leasehold: Ground Lease Expiration Date: Property Name: Property Address: Property City: Property Zip Code: Property Type (General): Property Type (Specific): Cross-collateralized (Yes/No)*: Property Size: Year built: Year renovated: Actual Average Occupancy: Occupancy Rent Roll Date: Underwritten Average Occupancy: Largest Tenant: Largest Tenant SF: Largest Tenant Lease Expiration: 2nd Largest Tenant: 2nd Largest Tenant SF: 2nd Largest Tenant Lease Expiration: 3rd Largest Tenant: 3rd Largest Tenant SF: 3rd Largest Tenant Lease Expiration: Underwritten Average Rental Rate/ADR: Underwritten Vacancy/Credit Loss: Underwritten Other Income: Underwritten Total Revenues: Underwritten Replacement Reserves: Underwritten Management Fees: Underwritten Franchise Fees: Underwritten Total Expenses: Underwritten Leasing Commissions: Underwritten Tenant Improvement Costs: Underwritten NOI: Underwritten NCF: Underwritten Debt Service Constant: Underwritten DSCR at NOI: Underwritten DSCR at NCF: Underwritten NOI Period End Date: Hotel Franchise: Hotel Franchise Expiration Date: Appraiser Name: (if Applicable) Appraised Value: (if Applicable) Appraisal Date: (if Applicable) Appraisal Cap Rate: (if Applicable) Appraisal Discount Rate: (if Applicable) Underwritten LTV: Environmental Report Preparer: Environmental Report Date: Environmental Report Issues: Architectural and Engineering Report Preparer: Architectural and Engineering Report Date: Deferred Maintenance Amount: Ongoing Replacement Reserve Requirement per A&E Report: Immediate Repairs Escrow % (e.g. 125%): Replacement Reserve Annual Deposit: Replacement Reserve Balance: Tenant Improvement/Leasing Commission Annual Deposits: Tenant Improvement/Leasing Commission Balance: Taxes paid through date: Monthly Tax Escrow: Tax Escrow Balance: Insurance paid through date: Monthly Insurance Escrow: Insurance Escrow Balance: Reserve/Escrow Balance as of Date: Probable Maximum Loss %: Covered by Earthquake Insurance (Yes/No): Number of times 30 days late in last 12 months: Number of times 60 days late in last 12 months: Number of times 90 days late in last 12 months: Servicing Fee: Notes:

Lien Position. The priority of the Lien of the Mortgage on the Mortgaged Property.

Lien Position. Each Mortgage Loan is secured by a xxxxxxxed first lien Mortgage.

Lien Position. 100% first 92.98% first / 7.02% second Original CLTV Ratio: 75.11% (range: 6.38% - 100.00%) 75.77% (range: 9.09% - 100.00%) WA Debt to Income Ratio: 39.21% (range: 2.00% - 60.00%) 38.61% (range: 1.00% - 72.00%) Credit Grade: 49.80% A, 26.38% B, 20.92% C, 2.85% D, 0.05% M 52.92% A, 26.39% B, 15.96% C, 4.19% D, 0.53% M Documentation: 82.58% full doc, 9.93% no income verification, 86.22% full doc, 9.06% no income verification, 7.48% no doc 4.68% no doc, 0.04% other Property Type: 89.30% single family, 4.09% 2-4 family, 2.78% 88.71% single family, 7.37% 2-4 family, 0.94% PUD, 3.83% other PUD, 2.98% other Owner Occupancy: 96.29% owner occupied, 3.71% investor owned 95.76% owner occupied, 4.24% investor owned Loan Purpose: 70.06% debt consolidation and home improvement, 83.97% debt consolidation and home 28.22% purchase, 1.72% other improvement, 13.87% purchase, 2.16% other Geographic Distribution: MI (24.32%), CA (10.91%), OH (6.38%), CO MI (10.13%), OH (8.59%), NY (8.32%), IL (5.00%), with all remaining states under 5.0% (6.72%), FL (6.38%), IN (5.99%), PA (5.99%), with all remaining states under 5.0%

Lien Position. Xxxx Xortgage Loan is secured by a perfected [first] [second] lien Mortgage.