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Common use of Assumability Clause in Contracts

Assumability. None of the Mortgage Loans are, by their terms, assumable;

Appears in 41 contracts

Sources: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-D), Pooling and Servicing Agreement (Fremont Home Loan Trust 2006-C)

Assumability. None of the Mortgage Loans areLoans, by their terms, are assumable;

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Transfer and Servicing Agreement (FBR Securitization, Inc.), Transfer and Servicing Agreement (First NLC Securitization, Inc.)

Assumability. None of the Sebring Mortgage Loans are, by their terms, assumable;

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (GSAMP Trust 2006-He7), Pooling and Servicing Agreement (GSAMP Trust 2006-He8)

Assumability. None of the Decision One Mortgage Loans are, by their terms, assumable;

Appears in 2 contracts

Sources: Pooling and Servicing Agreement (GSAMP Trust 2006-He7), Pooling and Servicing Agreement (GSAMP Trust 2006-He5)

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Waiver of Jury Trial
  • Representations Warranties and Covenants Remedies for Breach

Sub-Clauses

  • Miscellaneous
  • Expenses and Attorneys’ Fees
  • Amendments and Waivers
  • Limitations on Recourse
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