Common use of Consolidation of Future Advances Clause in Contracts

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-10xs), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-13)

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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

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

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2006-Fm2), Pooling and Servicing Agreement (GSAMP Trust 2007-Fm2), Pooling and Servicing Agreement (GSAMP Trust 2005-He3)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macunder the Underwriting Guidelines. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 9 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He6), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He7), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley ABS Capital I Inc. Trust 2005-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 7 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pass THR Cert Ser 2003-Fm1), Servicing Agreement (GSAA Home Equity Trust 2006-10)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Maceach Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 4 contracts

Samples: Trust Agreement (Gsaa Home Equity Trust 2004-6), Servicing Agreement (Gsaa Home Equity Trust 2004-8), Servicing Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He4), Pooling and Servicing Agreement (GSAMP Trust 2005-He6), Pooling and Servicing Agreement (GSAMP Trust 2005-He4)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Funding Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp), Master Loan and Security Agreement (New Century Financial Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macthe applicable Loan Program Authority. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (First NLC Securitization, Inc.), Pooling and Servicing Agreement (First NLC Trust 2005-2), Pooling and Servicing Agreement (Gs Mortgage Securities Corp Fremont Home Loan Trust 2004-A)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority priority, as applicable, by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Fremont Mortgage Securities Corp), Loan Purchase Agreement (Fremont Mortgage Securities Corp), Loan Purchase Agreement (Fremont Mortgage Securities Corp)

Consolidation of Future Advances. Any Except with respect to Adjustable Rate Mortgage Loans, any future advances made to the Mortgagor prior to the applicable Cut-off related Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first first-lien priority by a title insurance policy, policy or an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macinterest. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx MacFanxxx Xxe xx Frexxxx Xxc. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2007-1), Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

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

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Southern Pacific Funding Corp), Master Loan and Security Agreement (Southern Pacific Funding Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second, as applicable, lien priority by a title insurance policy, policy or an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macinterest. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Assignment and Recognition Agreement (Morgan Stanley ABS Capital I Inc. IXIS Real Estate Capital Trust 2007-He1), Assignment and Recognition Agreement (Natixis Real Estate Capital Trust 2007-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second, as applicable, lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence generally acceptable to Xxxxxx Xxx and Xxxxxxx Macprudent mortgage lenders. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Assignment and Recognition Agreement (Morgan Stanley Ixis Real Estate Capital Trust 2006-2), Assignment and Recognition Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Maceach Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Servicing Agreement (Gsaa Home Equity Trust 2004-8), Servicing Agreement (GSAA Home Equity Trust 2005-4)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Fxxxxx Mxx and Xxxxxxx Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Maceach Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 2 contracts

Samples: Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2006-10f), Master Mortgage Loan Purchase Agreement (GSR Mortgage Loan Trust 2007-Ar2)

Consolidation of Future Advances. Any future principal advances made to the Mortgagor prior to the applicable Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx MacBuyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor -------------------------------- prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corporation)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Purchase and Warranties Agreement (Sasco 2006-Bc3)

Consolidation of Future Advances. Any With respect to each Ownit Mortgage Loan, any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Ownit Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ABFC Asset-Backed Certificates, Series 2005-He2)

Consolidation of Future Advances. Any future advances made to the Mortgagor related mortgagor prior to the applicable Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the related Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the related Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx MacBuyer. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date Closing have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macin accordance with Accepted Origination Practices. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAA Home Equity Trust 2005-10)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Fxxxxx Mxx and Xxxxxxx Fxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Electronic Tracking Agreement (Home Point Capital Inc.)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macunder the Underwriting Guidelines. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Indemnification and Contribution Agreement (Sabr Trust 2005-Fr2)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Fannie Mae xxx Xxexxxe Mac. The consolidated Xxx xonsolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2005-5n)

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Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest readjustment feature or rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx MacPurchaser, FNMA or FHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Structured Asset Securities Corp/Ny

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Maceach Agency. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-17)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsamp Trust 2004-He2)

Consolidation of Future Advances. Any future advances made to after origination of the Mortgagor prior to the applicable Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macsatisfying paragraph (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Loan and Security Agreement (Hanover Capital Mortgage Holdings Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off related Purchase Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Fannxx Xxx and Xxxxxxx MacFredxxx Xxx. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Master Repurchase Agreement (Starnet Financial Inc)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx MacMae. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Consolidation of Future Advances. Any future advances made to -------------------------------- after origination of the Mortgagor prior to the applicable Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macsatisfying paragraph (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: New Century Financial Corp

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgageemortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Fanxxx Xxe and Xxxxxxx MacFrexxxx Xxc. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s consolidated interest or by other title evidence acceptable to Xxxxxx Xxx Mae and Xxxxxxx Mac. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Mortgage Loan Sale and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-8xs)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macin accordance with Accepted Originating Practices. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsamp Trust 2004-He2)

Consolidation of Future Advances. Any future advances made prior -------------------------------- to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Preferred Credit Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable related Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacFHLMC. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 1999 1)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (ABFC 2006-Opt1 Trust)

Consolidation of Future Advances. Any future advances made to after -------------------------------- origination of the Mortgagor prior to the applicable Cut-off Date Mortgage Loan have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macsatisfying paragraph (p) above. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: And Security Agreement (New Century Financial Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Off Date have been consolidated with the outstanding principal amount secured by the Mortgage, . and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured Insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx FNMA and Xxxxxxx MacPurchaser. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Austin Funding Com Corp)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first or second lien priority by a title insurance policy, an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macevidence. The consolidated principal amount does not exceed the original principal amount of the First NLC Mortgage Loan;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1)

Consolidation of Future Advances. Any future advances made to the Mortgagor prior to the applicable Cut-off Date have been consolidated with the outstanding principal amount secured by the Mortgage, and the secured principal amount, as consolidated, bears a single interest rate and single repayment term. The lien of the Mortgage securing the consolidated principal amount is expressly insured as having first lien priority by a title insurance policy, policy or an endorsement to the policy insuring the Mortgagee’s mortgagee's consolidated interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx Macinterest. The consolidated principal amount does not exceed the original principal amount of the Mortgage Loan;

Appears in 1 contract

Samples: Sale and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

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