Common use of Preparation of UCC Assignments Clause in Contracts

Preparation of UCC Assignments. Pursuant to the Limited Power of Attorney in the form of Attachment J, Purchaser shall, at Purchaser’s cost and expense, prepare and file with respect to each Mortgage Loan a UCC assignment (“UCC Assignment”) for each effective financing statement that has been provided to Purchaser. If any Mortgage Loan is to be released and satisfied, pursuant to the Limited Power of Attorney in the form of Attachment J, Purchaser shall, at Purchaser’s cost and expense, prepare and file with respect to each Mortgage Loan, a UCC termination (“UCC Termination”) for each effective financing statement that has been provided to Purchaser. MLS 2011-1 Pool 106 and 107 Loan Sale Agreement Page 13

Preparation of UCC Assignments. Pursuant to the Limited Power of Attorney in the form of Attachment J, Purchaser shall, at Purchaser’s cost and expense, prepare and file with respect to each Mortgage Loan a UCC assignment (“UCC Assignment”) for each effective financing statement that has been provided to Purchaser. If any Mortgage Loan is to be released and satisfied, pursuant to the Limited Power of Attorney in the form of Attachment J, Purchaser shall, at Purchaser’s cost and expense, prepare and file with respect to each Mortgage Loan, a UCC termination (“UCC Termination”) for each effective financing statement that has been provided to Purchaser. MLS 2011-1 Pool 106 and 107 Loan Sale Agreement Page 13.