Common use of Primary Mortgage Insurance Clause in Contracts

Primary Mortgage Insurance. Each Mortgage Loan with an LTV at origination in excess of 80% will be subject to a Primary Mortgage Insurance Policy, issued by an insurer acceptable to FNMA or Xxxxxxx Mac, in at least such amounts as are required by Xxxxxxx Mac or FNMA. All provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. Any Mortgage subject to any such Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and charges in connection therewith unless terminable in accordance with Xxxxxxx Mac standards or Applicable Law;

Appears in 4 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2007-4f), Custodial Agreement (GSR Mortgage Loan Trust 2006-9f), Custodial Agreement (STARM Mortgage Loan Trust 2007-1)

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Primary Mortgage Insurance. Each Mortgage Loan with an LTV at origination in excess of 80% will be subject to a Primary Mortgage Insurance Policy, issued by an insurer acceptable to FNMA Fannie Mae or Xxxxxxx Freddie Mac, in at least such amounts as are required xxxxxrxx by Xxxxxxx Fxxxxxx Mac or FNMAFannie Mae. All provisions of such Primary Mortgage Insurance Policy Xxxxxxxe Insuraxxx Xxlxxx have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. Any Mortgage subject to any such Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and charges in connection therewith unless terminable in accordance with Xxxxxxx Freddie Mac standards or Applicable Law;

Appears in 3 contracts

Samples: Trust Agreement (GSAA Home Equity Trust 2005-3), Trust Agreement (GSAA Home Equity Trust 2005-3), Servicing Agreement (GS Mortgage GSAA Home Eq. Trust 2004-7)

Primary Mortgage Insurance. Each Mortgage Loan with an LTV at origination in excess of 80% will be subject to a Primary Mortgage Insurance Policy, issued by an insurer acceptable to FNMA Xxxxxx Xxx or Xxxxxxx Mac, in at least such amounts as are required by Xxxxxxx Mac or FNMAXxxxxx Xxx. All provisions of such Primary Mortgage Insurance Policy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. Any Mortgage subject to any such Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and charges in connection therewith unless terminable in accordance with Xxxxxxx Mac standards or Applicable Law;

Appears in 2 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2006-Ar1), Custodial Agreement (GSR 2006-Ar2)

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Primary Mortgage Insurance. Each Mortgage Loan with an LTV at origination in excess of 80% will be subject to a Primary Mortgage Insurance Policy, issued by an insurer acceptable to FNMA Fannie Mae or Xxxxxxx Freddie Mac, in at least such amounts as are required by Xxxxxxx ax xxx rxxxired xx Xxxddie Mac or FNMAFannie Mae. All provisions of such Primary Mortgage Insurance Policy Prixxxx Xxrtgage Ixxxxxxcx Xolicy have been and are being complied with, such policy is in full force and effect, and all premiums due thereunder have been paid. Any Mortgage subject to any such Primary Mortgage Insurance Policy obligates the Mortgagor thereunder to maintain such insurance and to pay all premiums and charges in connection therewith unless terminable in accordance with Xxxxxxx Freddie Mac standards or Applicable Law;

Appears in 1 contract

Samples: Mortgage Loan Sale and Servicing Agreement (GSAA Home Equity Trust 2006-6)

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