Examples of Owner Mortgage File in a sentence
The Custodian shall, within five Business Days, release the related Owner Mortgage File (and Retained Mortgage File, if applicable) to the Servicer.
The Custodian shall, within five Business Days of its receipt of such a Request for Release, release the related Owner Mortgage File (and Retained Mortgage File, if applicable) to the Servicer, as requested by the Servicer.
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The Depositor shall also cause to be delivered to the Custodian any other original mortgage loan document included in the Owner Mortgage File (and, if applicable, the Retained Mortgage File) if a copy thereof has been delivered.
The Purchase Price for the repurchased Mortgage Loan shall be deposited in the Collection Account, and the Custodian, upon receipt of written notice from the Servicer of such deposit, shall release to the Depositor the related Owner Mortgage File (and, if applicable, Retained Mortgage File).
The Purchase Price for the repurchased Mortgage Loan shall be deposited in the Collection Account, and the Custodian, upon receipt of written notice from the Servicer of such deposit, shall release to the Depositor the Owner Mortgage File (and, if applicable, Retained Mortgage File) of the Mortgage Loan being repurchased.
Each Custodian shall be a depository institution subject to supervision by federal or state authority, shall have a combined capital and surplus of at least $10,000,000 and shall be qualified to do business in the jurisdiction in which it holds any Owner Mortgage File or Retained Mortgage File.
The Trustee shall retain or shall cause the Custodian to retain possession and custody of each Owner Mortgage File (and Retained Mortgage File, if applicable) in accordance with and subject to the terms and conditions set forth herein.
The Servicer shall promptly deliver to the Trustee, upon the execution or, in the case of documents requiring recording, receipt thereof, the originals of such other documents or instruments constituting the Owner Mortgage File (or Retained Mortgage File) as come into the Servicer's possession from time to time.
Upon the receipt of such purchase price, the applicable Servicer shall provide to the Trustee or the Custodian on the Trustee's behalf the notification required by Section 3.15 and the Trustee or the Custodian shall promptly release to the Depositor the Owner Mortgage File (and, if applicable, the Retained Mortgage File) relating to the Mortgage Loan being repurchased.