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

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

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

PRE-CLOSING AND CLOSING PROCEDURES. Section 2.01 Due Diligence by the Purchaser.............................. 10 ............................. 12 Section 2.02 Identification of Mortgage Loan Package..................... 11 .................... 12 Section 2.03 Post-Closing Due Diligence.................................. 11 ................................. 12 Section 2.04 Credit Document Deficiencies Identified During Due Diligence..................................... 11 .................................................. 13 Section 2.05 Delivery of Collateral Files................................ 11 ............................... 13 Section 2.06 Purchase Confirmation....................................... 12 ...................................... 14 Section 2.07 Closing..................................................... 12 .................................................... 14 Section 2.08 Payment of the Purchase Proceeds............................ 13 ........................... 14 Section 2.09 Entitlement to Payments on the Mortgage Loans............... 13 .............. 14 Section 2.10 Payment of Costs and Expenses............................... 13 .............................. 15 Section 2.11 MERS Mortgage Loans and the MERS System..................... 13.................... 15

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

PRE-CLOSING AND CLOSING PROCEDURES. 13 Section 2.01 Due Diligence by the Purchaser.............................. 10 .......................................................................13 Section 2.02 Identification of Mortgage Loan Package..................... 11 ........................................................14 Section 2.03 Post-Closing Due Diligence.................................. 11 .............................................................................14 Section 2.04 Credit Document Deficiencies Identified During Due Diligence..................................... 11 ....................15 Section 2.05 Delivery of Collateral Files................................ 11 ..............................................................................15 Section 2.06 Purchase Confirmation....................................... 12 .....................................................................................16 Section 2.07 Closing..................................................... 12 . ............................................................................................................16 Section 2.08 Payment of the Purchase Proceeds............................ 13 . .................................................................16 Section 2.09 Entitlement to Payments on the Mortgage Loans............... 13 ............................................17 Section 2.10 Payment of Costs and Expenses............................... 13 . .....................................................................17 Section 2.11 MERS Mortgage Loans and the MERS System..................... 13..............................................17

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