Mortgage Loan File definition
Examples of Mortgage Loan File in a sentence
Each Custodian shall be subject to the same obligations and standard of care as would be imposed on the Certificate Administrator hereunder in connection with the retention of the Mortgage Loan File directly by the Certificate Administrator.
The ownership of the Trust Notes, the Mortgages, the Collateral Security Documents and all other contents of the Mortgage Loan File shall be vested in the Trust or the Trustee in trust for the benefit of the Certificateholders and, except for the Trust Notes, for the benefit of the Companion Loan Holder(s).
The Certificate Administrator (in its capacity as the Custodian) shall not have any responsibility for reviewing the Mortgage Loan File except as expressly set forth in this Section 2.2(b).
The Certificate Administrator may, at its own expense, appoint one or more Custodians to hold all or a portion of the Mortgage Loan File as agent for the Certificate Administrator, by entering into a Custodial Agreement (in the event the Certificate Administrator is not the Custodian) that is consistent in all material respects with this Agreement.
The parties hereto acknowledge that each Loan Seller shall be solely liable for the delivery of its Note(s), and that each Loan Seller shall be liable for the delivery of the remaining documents and instruments constituting the Mortgage Loan File.