Common use of Secondary Market Clause in Contracts

Secondary Market. Beneficiary may sell, assign, participate, transfer or deliver the Note and the Loan Documents to one or more investors (directly or through a trust of other entity which may sell certificates or other instruments to investor) in the secondary mortgage market (a "Secondary Market Transaction"). In connection with such sale, assignment, participation, transfer or delivery, Beneficiary may retain or assign responsibility for servicing the loan evidenced by the Note or may delegate some or all of such responsibility and/or obligations to a servicer, including, but not limited to, any subservicer or master servicer, on behalf of the investors.

Secondary Market. Beneficiary may sell, assign, participate, ---------------- transfer or deliver the Note and the Loan Documents to one or more investors (directly or through a trust of other entity which may sell certificates or other instruments to investor) in the secondary mortgage market (a "Secondary --------- Market Transaction"). In connection with such sale, assignment, participation, ------------------ transfer or delivery, Beneficiary may retain or assign responsibility for servicing the loan evidenced by the Note or may delegate some or all of such responsibility and/or obligations to a servicer, including, but not limited to, any subservicer or master servicer, on behalf of the investors.

Secondary Market. Beneficiary may sell, assign, participate, transfer or and deliver the Note and the Loan Documents to one or more investors (directly or through a trust of other entity which may sell certificates or other instruments to investor) Investors in the secondary mortgage market (a "Secondary Market Transaction")market. In connection with such sale, assignment, participation, transfer or delivery, Beneficiary may retain or assign responsibility for servicing the loan evidenced by the Note or may delegate some or all of such responsibility and/or obligations to a servicer, including, but not limited to, any subservicer or master servicer, on behalf of the investorsInvestors. All references to Beneficiary herein shall refer to and include, without limitation, any such servicer, to the extent applicable.