Common use of Filing and Recordation Clause in Contracts

Filing and Recordation. As of the Mortgage Purchase Date, each Mortgage and Assignment of Mortgage Note and Mortgage to Servicer shall have been prepared in such manner that when filed and properly recorded in the public records of the county in which the mortgaged property is located and any different or other recording that might hereafter be required by the laws of the State, it will perfect the lien of real estate mortgages against the adverse or competing claim of third parties by giving public notice thereof also shall have been accomplished as required by the GNMA Guide, the Xxxxxxx Mac Guide or the Xxxxxx Mae Guide, as applicable.