Common use of Repurchase of Mortgage Loans with Early Payment Defaults Clause in Contracts

Repurchase of Mortgage Loans with Early Payment Defaults. If the related Mortgagor is delinquent with respect to either of the Mortgage Loan's first two Monthly Payments either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, and the Purchaser provided written notification to the Seller of such delinquency within ninety (90) days from the Purchaser's receipt of notice of such delinquency, the Seller, at the Purchaser's option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with Early Payment Defaults. If Except as otherwise specified in the related Purchase Price and Terms Agreement, if the related Mortgagor is delinquent with respect to either of the related Mortgage Loan's first two Monthly Payment (or such other number of Monthly Payments as may be specified in the related Purchase Price and Term Agreement) either (i) after the origination of such Mortgage Loan, or (ii) after the related Closing Date, and the Purchaser provided written notification to the Seller of such delinquency within ninety (90) days from the Purchaser's receipt of notice of such delinquency, the Sellershall, at the Purchaser's option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such requestrequest for repurchase.

Repurchase of Mortgage Loans with Early Payment Defaults. If Except as otherwise specified in the related Purchase Price and Terms Agreement, if the related Mortgagor is delinquent with respect to either of the related Mortgage Loan's ’s first two Monthly Payment (or such other number of Monthly Payments as may be specified in the related Purchase Price and Term Agreement) either (i) after the origination of such Mortgage Loan, or (ii) after the related Closing Date, and the Purchaser provided written notification to the Seller of such delinquency within ninety (90) days from the Purchaser's receipt of notice of such delinquency, the Sellershall, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such requestrequest for repurchase.

Repurchase of Mortgage Loans with Early Payment Defaults. If the related Mortgagor is delinquent with respect to either of the Mortgage Loan's ’s first two Monthly Payments either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, and the Purchaser provided written notification to the Seller of such delinquency within ninety (90) days from the Purchaser's ’s receipt of notice of such delinquency, the Seller, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.

Repurchase of Mortgage Loans with Early Payment Defaults. If the related Mortgagor is delinquent with respect to either the number of the Mortgage Loan's ’s first two Monthly Payments specified in the related Purchase Price and Terms Agreement (or, if not specified therein, the first 2 monthly payments) at any time either (i) after origination of such Mortgage Loan, or (ii) after the related Closing Date, and the Purchaser provided written notification to the Seller of such delinquency within ninety (90) days from the Purchaser's receipt of notice of such delinquency, the Seller, at the Purchaser's ’s option, shall repurchase such Mortgage Loan from the Purchaser at a price equal to the Repurchase Price. The Seller shall repurchase such delinquent Mortgage Loan within thirty (30) days of such request.