Equal Installments. Each Contract with a fixed Contract Rate provides for level monthly payments which, if paid on each Due Date, amortize the loan over its term.
Appears in 6 contracts
Sources: Asset Purchase Agreement (Origen Residential Securities, Inc.), Asset Purchase Agreement (Origen Residential Securities, Inc.), Asset Purchase Agreement (Origen Residential Securities, Inc.)
Equal Installments. Each Contract with a fixed Contract Rate provides for level monthly payments which, if paid on each Due Date, fully amortize the loan over its term.
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Origen Residential Securities, Inc.), Pooling and Servicing Agreement (Origen Manufactured Housng CNT Sen/Sub as-BCK CRT Sr 2002-A)