Common use of Payments Current; Status Clause in Contracts

Payments Current; Status. All payments required to be made up to, but not including, the Cut-off Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent more than once within the period falling twelve (12) months prior to the Cut-off Date. The Mortgage Loan is not, and has not been at any time in the preceding twelve months, (i) classified, (ii) in nonaccrual status or (iii) renegotiated due to the financial deterioration of the Mortgagor;

Appears in 4 contracts

Samples: Purchase and Warranties Agreement (D&n Capital Corp), Purchase and Warranties Agreement (D&n Capital Corp), Purchase and Warranties Agreement (Franklin Finance Corp)

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Payments Current; Status. All payments required to be made up to, but not including, the applicable Cut-off Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent more than once within the period falling twelve (12) months prior to the applicable Cut-off Date. The Mortgage Loan is not, and has not been at any time in the twelve months immediately preceding twelve monthsthe applicable Cut-off Date, (i) classifiedClassified, (ii) in nonaccrual status Nonaccrual Status or (iii) renegotiated due to the financial deterioration of the Mortgagor;

Appears in 2 contracts

Samples: Mortgage Loan Purchase and Warranties Agreement (First Nationwide Preferred Capital Corp), Mortgage Loan Purchase and Warranties Agreement (California Federal Preferred Capital Corpation)

Payments Current; Status. All payments required to be made up to, but not including, the applicable Cut-off Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent more than once within the period falling twelve (12) months prior to the applicable Cut-off Date. The Mortgage Loan is not, and has not been at any time in the twelve months immediately preceding twelve monthsthe applicable Cut-off Date, (i) classifiedClassified, (ii) in nonaccrual status Non-accrual Status or (iii) renegotiated due to the financial deterioration of the Mortgagor;

Appears in 2 contracts

Samples: And Warranties Agreement (Peoples Preferred Capital Corp), And Warranties Agreement (Peoples Preferred Capital Corp)

Payments Current; Status. All payments required to be made up to, but not including, the Cut-off Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent more than once within the period falling twelve (12) months prior to the Cut-off Date. The Mortgage Loan is not, and has not been at any time in the preceding twelve months, (i) classified, (ii) in nonaccrual status or (iii) renegotiated due to the deterioration of the financial deterioration condition of the Mortgagor;

Appears in 2 contracts

Samples: Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp), Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp)

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Payments Current; Status. All payments required to be made up to, but not including, the Cut-off Date for the Mortgage Loan under the terms of the Mortgage Note have been made and credited. No payment required under the Mortgage Loan is delinquent nor has any payment under the Mortgage Loan been 30 days or more delinquent more than once within the period falling twelve (12) months prior to the Cut-off Date. The Mortgage Loan is not, and has not been at any time in the preceding twelve months, (i) classified, (ii) in nonaccrual status or (iii) renegotiated due to the financial deterioration of the Mortgagor;.

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Flagstar Capital Corp)

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