REO Deed definition

REO Deed means, with respect to each REO Property, the instrument or document required by the law of the jurisdiction in which the REO Property is located to convey fee title.

REO Deed. With respect to each REO Property that is acquired by the Titling Trust, the instrument or document required by the law of the jurisdiction in which the REO Property is located to convey fee title and identified on the related REO Property Schedule.

REO Deed. With respect to each REO Property that is acquired by PC REO, the instrument or document required by the law of the jurisdiction in which the REO Property is located to convey fee title and identified on the related REO Property Schedule.

Examples of REO Deed in a sentence

• To the extent that an REO Deed has been sent out for recording, a copy will be contained in the Asset File within a period of sixty (60) days from the date the related Mortgage Loan became an Underlying REO Property.

• The original REO Deed is in recordable form and is acceptable in all respects for recording under the laws of the jurisdiction in which the Rental Property is located and, upon contribution of such Rental Property to the REO Subsidiary, has been delivered for recordation to the appropriate recording office in the name of the REO Subsidiary.

• The original REO Deed is in recordable form, acceptable in all respects for recording under the laws of the jurisdiction in which the Underlying REO Property is located and, upon contribution of such Underlying REO Property to the REO Subsidiary, has been delivered for recordation to the appropriate recording office in the name of the REO Subsidiary.

• Each such REO Deed shall be duly executed, be in recordable form in accordance with applicable law and, shall have been recorded in or delivered for recordation to the recordation office of the jurisdiction in which the REO Property is located.

• The original REO Deed is in recordable form, acceptable in all respects for recording under the laws of the jurisdiction in which the Underlying REO Property is located and, upon contribution of such Underlying REO Property to a REO Subsidiary, has been delivered for recordation to the appropriate recording office in the name of such REO Subsidiary.

• Predominantly URL Surface Warfare Officers, apply for redesignation and transfer to the RL or Staff communities.

• Either (x) an original or a copy of the instrument or document required by the law of the jurisdiction in which the REO Property is located to convey fee title (“REO Deed”) with evidence of recording thereon in the name of the applicable Seller, or (y) if the related REO Deed has been delivered for recordation but has not yet been returned, a copy thereof in the name of the Seller.

• Each copy of an REO Deed delivered to the Buyer or its designee as part of an REO Property File (including intervening deeds) shall be a true, correct and complete copy of the original REO Deed, the original REO Deed shall be acceptable to Buyer in all respects and shall have been recorded in the name of PC REO in the appropriate recording office.

• Concurrent with providing any REO Deed of Trust from a Wholly Owned Subsidiary, Borrower shall also provide a Security Agreement and an Environmental Compliance Agreement from such entity relating to the REO.

• Provided that no Default or Event of default is then existing and continuing, any such REO Deed of Trust shall be released in exchange for payment to Agent of 70% of any Net Sales or Refi Proceeds relating thereto, to be applied as otherwise set forth in Section 2.4.2 (Excess Amortization Payments).