Deferred Interest. The excess of the amount of interest due on a negatively amortizing Mortgage Loan over the interest portion of the Scheduled Payment due thereon, which is permitted under the terms of the related Mortgage Note to be added to the principal of the Mortgage Note.
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Sec Inc Series 2004 1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)
Deferred Interest. The excess of the amount of interest due on a negatively amortizing Mortgage Loan over the interest portion of the Scheduled Payment due thereon, which is permitted under the terms of the related Mortgage Note to be added to the principal of the such Mortgage Note.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2004-Sd2), Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2003-Sd2)
Deferred Interest. The excess of the amount of interest due on a any negatively amortizing Mortgage Loan over the interest portion of the Scheduled Payment due thereon, which is permitted under the terms of the related Mortgage Note to be added to the principal of the Mortgage Note.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2004-2)
Deferred Interest. The excess of the amount of interest due on a negatively amortizing Mortgage Loan over the interest portion of the Scheduled Monthly Payment due thereon, which is permitted under the terms of the related Mortgage Note to be added to the principal of the Mortgage Note.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2003 -Abf1)
