Examples of Purchaser Mortgage in a sentence
Any check issued under the provisions of this Section 8(h) shall be accompanied by a statement indicating the corresponding Seller and/or the Purchaser Mortgage Loan identification number and an explanation of the allocation of any such payments.
On or before the expiration of the Trailing Documents Delivery Date as to a particular Advance, Borrower will deliver to the Custodial Agent a copy of the original fully executed, acknowledged and recorded Purchaser Mortgage securing the Notes Receivable against which Lender made the subject Advance.
Any check issued under the provisions of this Section 8(h) shall be accompanied by a statement indicating the corresponding Seller and Interim Servicer and/or the Purchaser Mortgage Loan identification number and an explanation of the allocation of any such payments.
Lender has received from Resort Title Agency, Inc., as agent for the Title Insurer, an electronic copy of the fully executed Confirmation of Recording with regard to each Purchaser Mortgage against which Lender is making an Advance.
For the avoidance of doubt, neither the Purchaser Mortgage nor the Security Agreement shall not terminate upon any Transfer by Owner pursuant to this Section 23.1, unless otherwise agreed in writing by Purchaser.
Upon or promptly after the Distribution Date, the Parties shall file and record, at the expense of Owner, the Purchaser Mortgage.
Purchaser Mortgage: the purchase money deed of trust given to secure a Note Receivable.
In connection with a Receivables Advance but not a Working Capital Advance, Borrower shall, at its expense, deliver to Lender, at the time of delivery of the Assignment, a policy or policies of title insurance insuring Lender's interest in the Purchaser Mortgage which is the subject of the Assignment.
The Purchaser has agreed to purchase from the Company and the Company has agreed to sell to the Purchaser Mortgage Loans, as described herein and in the related Confirmations, on a servicing retained basis that shall be delivered in groups of whole loans on various Closing Dates as provided herein.
The relevant seller has the obligation to repurchase any Purchaser Loan which is the subject of any Purchaser Mortgage Vendor Agreement should the sale of any Purchaser Loan or Purchaser Loans scheduled for purchase by the Investor fail to be consummated within a specified time, not to exceed ninety (90) days, after the date on which an interest in the Purchaser Loan is purchased by the Purchaser Entity.