Common use of Assignment of Interest in the Mortgage Loan Purchase Agreement Clause in Contracts

Assignment of Interest in the Mortgage Loan Purchase Agreement. (a) Depositor hereby assigns to the Grantor Trustee, all of its right, title and interest in the Mortgage Loan Purchase Agreement, including but not limited to the Depositor’s rights and obligations pursuant to the Servicing Agreement. The obligations of the Seller to substitute or repurchase, as applicable, a Mortgage Loan shall be the Issuer’s, the Grantor Trustee’s and the Grantor Trust Certificateholders’ sole remedy for any breach thereof. At the request of the Issuer or the Grantor Trustee, the Depositor shall take such actions as may be necessary to enforce the above right, title and interest on behalf of the Issuer, the Grantor Trustee and the Grantor Trust Certificateholders and shall execute such further documents as the Issuer or the Grantor Trustee may reasonably require in order to enable the Grantor Trustee to carry out such enforcement.

Assignment of Interest in the Mortgage Loan Purchase Agreement. (a) Depositor hereby assigns to the Grantor Trustee, all of its right, title and interest in the Mortgage Loan Purchase Agreement, including but not limited to the Depositor’s 's rights and obligations pursuant to the Servicing Agreement. The obligations of the Seller to substitute or repurchase, as applicable, a Mortgage Loan shall be the Issuer’s's, the Grantor Trustee’s 's and the Grantor Trust Certificateholders’ ' sole remedy for any breach thereof. At the request of the Issuer or the Grantor Trustee, the Depositor shall take such actions as may be necessary to enforce the above right, title and interest on behalf of the Issuer, the Grantor Trustee and the Grantor Trust Certificateholders and shall execute such further documents as the Issuer or the Grantor Trustee may reasonably require in order to enable the Grantor Trustee to carry out such enforcement.