Application of Net Liquidation Proceeds. For all purposes under this agreement, Net Liquidation Proceeds received from a Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.
Appears in 233 contracts
Samples: Pooling and Servicing Agreement (Wells Fargo Asset Securities Corp), Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities Series 2004-N Trust), Pooling and Servicing Agreement (Wells Fargo Mortgage Backed Securities 2002-13 Trust)
Application of Net Liquidation Proceeds. For all --------------------------------------- purposes under of this agreementAgreement, Net Liquidation Proceeds received from a by the Servicer shall be allocated first to accrued and unpaid interest on the related Mortgage Loan and then to the unpaid principal balance thereof.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ba Mortgage Securities Inc/)
