Common use of Commencement of Foreclosure Clause in Contracts

Commencement of Foreclosure. The first official action required under local law to commence foreclosure proceedings or to schedule a trustee’s sale under a deed of trust, including: (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose; or (ii) in the case of a deed of trust, the posting, publishing, filing or delivery of a notice of sale.

Appears in 25 contracts

Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-6a), Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2005-7), Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certificates, Series 2004-Ar7)

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Commencement of Foreclosure. The first official action required under local law to commence foreclosure proceedings or to schedule a trustee’s 's sale under a deed of trust, including: (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose; or (ii) in the case of a deed of trust, the posting, publishing, filing or delivery of a notice of sale.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-4), Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-3)

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Commencement of Foreclosure. The first official action required under local law in order to commence foreclosure proceedings or to schedule a trustee’s 's sale under a deed of trust, including: including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose; , or (ii) in the case of a deed of trust, the posting, publishing, filing or delivery of a notice of sale.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002 Hf1)

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