Examples of Related Mortgage in a sentence
The foregoing assumption restrictions (as well as any additional assumption restrictions required by FHA, RD, VA, PIH, the PMI Insurer, the GSE’s, as applicable) shall be incorporated in the Related Mortgage and kept as a part of the Mortgage File.
Except to the extent, if any, that a variance is required as a condition to the mortgage insurance or guaranty of a Mortgage Loan, each such Mortgage Loan must comply with the following additional requirements: The Related Mortgage shall be executed and recorded in accordance with the requirements of existing laws.
In connection with any such assumption agreement, the interest rate of the Related Mortgage note shall not be changed; however, the Servicer may charge in connection with each assumption to the extent permitted by law or regulations of FHA, RD, VA, PIH, the PMI Insurer, the GSE’s, as applicable, a fee, which does not exceed the customary application fee for the assumption of Mortgages, plus the reasonable and customary out-of-pocket costs paid or incurred by the Servicer.
For so long as a Participation Certificate is outstanding, Seller shall neither assign, encumber or pledge its obligation to subservice the Related Mortgage Loans in whole or in part, nor delegate its rights or duties under this Agreement without the prior written consent of Purchaser.
Seller has the requisite power and authority and legal right to originate and purchase Mortgage Loans (as applicable) and to own, sell and xxxxx x xxxx on all of its right, title and interest in and to the Related Mortgage Loans and Participation Certificates.