Mortgage Certificate definition
Examples of Mortgage Certificate in a sentence
The obligations and responsibilities created by the Agreement shall terminate upon the earlier to occur of (A) the final distribution to Certificateholders of all amounts required to be distributed pursuant to the Agreement or (B) the optional purchase by a Call Right Holder of the last Mortgage Certificate remaining in the Trust Fund at a purchase price determined as provided in the Agreement.
The Mortgage Lender will warrant the truthfulness and correctness of the certification called for by this section (which will be part of the Mortgage Certificate) pursuant to subsection 4.13(a).
SELLER will pay the real property transfer tax, the filing charge for the Combined Real Estate Transfer Tax Return, Credit Line Mortgage Certificate and Certification and special additional mortgage recording tax, if applicable.
The Trustee shall make available, upon request, copies of the Underlying Distribution Date Statements for any Mortgage Certificate Distribution Date to Holders of the Certificates.
Within 30 days or, with the prior written consent of the Trustee, such longer period specified in such consent, of its discovery or its receipt of the representations and warranties set forth above, shall cure such breach in all material respects or shall deliver a Substitute Mortgage Certificate for the Original Mortgage Certificate in the manner, and under the circumstances, specified in Section 2.05 to cure such breach.