ORIGINAL ISSUANCE OF CERTIFICATES. ACQUISITION OF TRUST PROPERTY
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01.
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans.
ORIGINAL ISSUANCE OF CERTIFICATES. .. 18 Section 2.01. Delivery of Documents; Delivery Date.................. 18 Section 2.02. Withdrawal of Deposits................................ 19 Section 2.03. The Trustee........................................... 19 Section 2.04.
ORIGINAL ISSUANCE OF CERTIFICATES. ACQUISITION OF EQUIPMENT NOTES Section 2.01. [Intentionally omitted].Section 2.01. [Intentionally omitted].
ORIGINAL ISSUANCE OF CERTIFICATES. 16 Section 2.01. [Intentionally omitted]................................16 Section 2.02. Issuance of Certificates; Acquisition of Equipment Notes...................................................16 Section 2.03.
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans and the Trust Companion Loan 109 Section 2.02 Acceptance by Trustee 114 Section 2.03 Representations, Warranties and Covenants of the Depositor; Mortgage Loan Sellers’ Repurchase or Substitution of Mortgage Loans or Trust Companion Loan for Defects in Mortgage Files and Breaches of Representations and Warranties 119 Section 2.04 Execution of Certificates; Issuance of Uncertificated Lower-Tier Interests 126 Section 2.05 Creation of the Grantor Trust 127 ARTICLE III ADMINISTRATION AND
ORIGINAL ISSUANCE OF CERTIFICATES. 17 Section 2.01. Acquisition of Trust Property..................... 17 Section 2.02.
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01 Conveyance of Mortgage Loans. The Company, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign, transfer, sell, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Company in and to (1) the Mortgage Loans identified on the Mortgage Loan Schedule (including any Prepayment Charges but exclusive of any late payment charges received thereon), (2) the rights with respect to the Servicing Agreement as assigned to the Trustee on behalf the Certificateholders by the Assignment Agreement and (3) all other assets included or to be included in the Trust Fund for the benefit of the Certificateholders. Such assignment includes all principal and interest due and received by the Servicer on or with respect to the Mortgage Loans (other than payment of principal and interest due on or before the Cut-off Date). In addition, on or prior to the Closing Date, the Depositor shall cause the Certificate Insurer to deliver the Class II-A1D2 Policy to the Trustee. The Depositor, the Master Servicer and the Trustee agree that it is not intended that any Mortgage Loan be included in the Trust that is either (i) a “High-Cost Home Loan” as defined in the New Jersey Home Ownership Act effective November 27, 2003, (ii) a “High-Cost Home Loan” as defined in the New Mexico Home Loan Protection Act effective January 1, 2004, (iii) a “High Cost Home Mortgage Loan” as defined in the Massachusetts Predatory Home Practices Act effective November 7, 2004, or (iv) a “High-Cost Home Loan” as defined in the Indiana House Enrolled Act No. 1229, effective as of January 1, 2005. In connection with such transfer and assignment, the Company has caused the Seller to deliver to, and deposit with the Custodian as agent for the Trustee, as described in the Mortgage Loan Purchase Agreement, with respect to each Mortgage Loan, the following documents or instruments:
ORIGINAL ISSUANCE OF CERTIFICATES. Section 2.01. Conveyance of Mortgage Loans 40 Section 2.02. Acceptance by Trustee 44 Section 2.03. Repurchase or Substitution of Mortgage Loans by the Sellers 45 Section 2.04. Representations and Warranties of the Sellers with Respect to the Mortgage Loans Section 2.05.
