Common use of PRE-CLOSING AND CLOSING PROCEDURES Clause in Contracts

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans 10 Section 2.02 Due Diligence by the Purchaser. 11 Section 2.03 Identification of Mortgage Loan Package. 11 Section 2.04 Credit Document Deficiencies Identified During Due Diligence. 11 Section 2.05 Delivery of Collateral Files. 12 Section 2.06 Purchase Confirmation. 13 Section 2.07 Closing. 13 Section 2.08 Payment of the Purchase Proceeds. 14 Section 2.09 Entitlement to Payments on the Mortgage Loans. 14 Section 2.10 Payment of Costs and Expenses. 14 Section 2.11 MERS Mortgage Loans and the MERS System. 14

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans 10 13 Section 2.02 Due Diligence by the Purchaser. 11 Purchaser 13 Section 2.03 Identification of Mortgage Loan Package. 11 Package 14 Section 2.04 Credit Document Deficiencies Identified During Due Diligence. 11 Diligence 14 Section 2.05 Delivery of Collateral Files. 12 Files 14 Section 2.06 Purchase Confirmation. 13 Confirmation 16 Section 2.07 Closing. 13 Closing 16 Section 2.08 Payment of the Purchase Proceeds. 14 Proceeds 16 Section 2.09 Entitlement to Payments on the Mortgage Loans. 14 Loans 17 Section 2.10 Payment of Costs and Expenses. 14 Expenses 17 Section 2.11 MERS Mortgage Loans and the MERS System. 14System 17

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Books and Records; Transfers of Mortgage Loans 10 Section 2.02 Due Diligence by the Purchaser. 11 Section 2.03 Identification of Mortgage Loan Package. 11 Section 2.04 Credit Document Deficiencies Identified During Due Diligence. 11 Section 2.05 Delivery of Collateral Files. 12 11 Section 2.06 Purchase Confirmation. 13 Section 2.07 Closing. 13 Section 2.08 Payment of the Purchase Proceeds. 14 Section 2.09 Entitlement to Payments on the Mortgage Loans. 14 Section 2.10 Payment of Costs and Expenses. 14 Section 2.11 MERS Mortgage Loans and the MERS System. 14