Common use of SALE OF MORTGAGE LOANS AND RELATED PROVISIONS Clause in Contracts

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 Section 2.3 Payment of Purchase Price.............................................9 Section 2.4 [Reserved]...........................................................11 Section 2.5 Draws During Rapid Amortization Period...............................11

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..............................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ...................................7 Section 2.3 Payment of Purchase Price.............................................9 ..........................................10 Section 2.4 [Reserved]...........................................................Variable Funding Notes on or after the Closing Date................11 Section 2.5 Draws During Rapid Amortization Period............................................................11

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans.............................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ..................................5 Section 2.3 Payment of Purchase Price.......................................................................................9 Section 2.4 [Reserved]...........................................................11 ........................................................10 Section 2.5 Draws During Rapid Amortization Period...............................11............................10

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 ..........................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ...............................5 Section 2.3 Payment of Purchase Price.............................................9 .......................................7 Section 2.4 [Reserved]...........................................................11 Allocation......................................................8 Section 2.5 Draws During Rapid Amortization Period...............................11..........................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..................................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 .......................................8 Section 2.3 Payment of Purchase Price.............................................9 ..............................................11 Section 2.4 [Reserved]...........................................................11 Variable Funding Notes on or after the Closing Date....................13 Section 2.5 Draws During Rapid Amortization Period...............................11.................................13

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 .....................................................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ..........................................................5 Section 2.3 Payment of Purchase Price.............................................9 ..................................................................7 Section 2.4 [Reserved]...........................................................11 Allocation.................................................................................8 Section 2.5 Draws During the Rapid Amortization Period...............................11.................................................8 Section 2.6 Security Interest..........................................................................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans..................................................................3 Section 2.2 Sale of Subsequent Mortgage Loans............................................................6 Section 2.3 Payment of Purchase Price.............................................9 ..............................10 Section 2.4 [Reserved]........................................................................................................11 Section 2.5 Draws During Rapid Amortization Period................................................11

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 .............................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ..................................5 Section 2.3 Payment of Purchase Price.............................................9 ..........................................7 Section 2.4 [Reserved]...........................................................11 Allocation.........................................................8 Section 2.5 Draws During the Rapid Amortization Period...............................11.........................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 ...............................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ....................4 Section 2.3 Payment of Purchase Price.............................................9 ............................4 Section 2.4 [Reserved]...........................................................11 Allocation...........................................5 Section 2.5 Draws During Rapid Amortization Period...............................11...............5 Section 2.6 Security Interest....................................6

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 .............................5 Section 2.3 Payment of Purchase Price.............................................9 .....................................7 Section 2.4 [Reserved]...........................................................11 Allocation....................................................8 Section 2.5 Draws During the Rapid Amortization Period...............................11....................8 Section 2.6 Security Interest.............................................8

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 .........................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ..............................4 Section 2.3 Payment of Purchase Price.............................................9 ......................................4 Section 2.4 [Reserved]...........................................................11 Allocation.....................................................5 Section 2.5 Draws During Rapid Amortization Period...............................11.........................5

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 ......................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 [Reserved]..................................................4 Section 2.3 Payment of Purchase Price.............................................9 ...................................4 Section 2.4 [Reserved]...........................................................11 Allocation..................................................5 Section 2.5 Draws During Rapid Amortization Period...............................11Period5

SALE OF MORTGAGE LOANS AND RELATED PROVISIONS. 3 Section 2.1 Sale of Initial Mortgage Loans........................................3 .....................................................................2 Section 2.2 Sale of Subsequent Mortgage Loans.....................................6 ..........................................................5 Section 2.3 Payment of Purchase Price.............................................9 ..................................................................7 Section 2.4 [Reserved]...........................................................11 Allocation................................................................................7 Section 2.5 Draws During Rapid Amortization Period...............................11....................................................8 Section 2.6 Security Interest.........................................................................8