Common use of Fee Simple Interest Clause in Contracts

Fee Simple Interest. Unless such Mortgage Loan is secured by a Ground Lease and is the subject of paragraph 18, the interest of the related Mortgagor in the Mortgaged Property securing each Mortgage Loan is a fee simple interest in real property and the improvements thereon.

Appears in 5 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2004-Bpc1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2004-Bpc1), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2004-Key2)

AutoNDA by SimpleDocs

Fee Simple Interest. Unless such Mortgage Loan is secured by a Ground Lease and is the subject of paragraph representation 18, the interest of the related Mortgagor in the Mortgaged Property securing each Mortgage Loan is a fee simple interest in real property and the improvements thereon.

Appears in 3 contracts

Samples: Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Mkb2), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Mkb2), Mortgage Loan Purchase Agreement (Merrill Lynch Mortgage Trust 2005-Mkb2)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.