Common use of Optional Purchase of Defaulted Mortgage Loans Clause in Contracts

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Securities Administrator) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 ninety (90) days or more delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.the

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right right, but not an obligation to elect (by written notice sent to the Trustee) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent past due in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Master Servicer, in its sole discretion, shall have the right right, but not an obligation to elect (by written notice sent to the TrusteeTrust Administrator) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent past due in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer--------------------------------------------- Seller, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Certificate Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeTrustee and the Certificate Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent Delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the TrusteeIndenture Trustee and the Insurer) to purchase for its own account from the Trust any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.

Optional Purchase of Defaulted Mortgage Loans. The Servicer, in its sole discretion, shall have the right to elect (by written notice sent to the Seller, the Owner Trustee and the Trustee) to purchase for its own account from the Trust Issuer any Mortgage Loan which is 90 days or more delinquent in the manner and at the price specified in Section 2.