Common use of High Cost Mortgage Loans Clause in Contracts

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor will repurchase the Mortgage Loan within a 90-day period from the date of the notice in the manner described in Section 2.05.

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory," or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the TrusteeTrustee thereof, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor Seller will repurchase the Mortgage Loan within a 90-90 day period from the date of the notice in the manner described in Section 2.05.

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor will repurchase the Mortgage Loan within a 90-day period from the date of the notice in the manner described in Section 2.05.. 112

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory," or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor Seller will repurchase the Mortgage Loan within a 90-90 day period from the date of the notice in the manner described in Section 2.05.

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and 100 the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor will repurchase the Mortgage Loan within a 90-day period from the date of the notice in the manner described in Section 2.05.

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor will repurchase the Mortgage Loan within a 90-day period from the date of the notice in the manner described in Section 2.05.. 101

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor Seller will repurchase the Mortgage Loan within a 90-90 day period from the date of the notice in the manner described in Section 2.05.

High Cost Mortgage Loans. In the event that the Servicer reasonably determines that a Mortgage Loan may be a "high cost mortgage loan," "high cost home," "covered," "high cost," "high risk home," "predatory" or similarly classified loan under any applicable state, federal or local law, the Servicer may notify the Depositor and the Trustee, and if the Servicer so notifies such parties, the Servicer may cease its initiation of collection 101 efforts thereon; and such determination shall be deemed to materially and adversely affect the interests of the Certificateholders in such Mortgage Loan and the Sponsor will repurchase the Mortgage Loan within a 90-day period from the date of the notice in the manner described in Section 2.05.