The Mortgage Loans Sample Clauses

The Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Seller hereby transfers to the Purchaser, without recourse, all of its right, title and interest existing now or in the future in,
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The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 15 ARTICLE V ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Section 5.01. The Servicer 30 Section 5.02. Subservicing Agreements Between Servicer and Subservicers 32 Section 5.03. Successor Subservicers 33 Section 5.04. Liability of the Servicer 33 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 33 Section 5.06. Collection of Mortgage Loan Payments 34 Section 5.07. Withdrawals from the Collection Account 36 Section 5.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 38 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 39 Section 5.10. [Reserved] 39 Section 5.11. Maintenance of Hazard Insurance and Fidelity Coverage 39 Section 5.12. Due-on-Sale Clauses; Assumption Agreements 41 Section 5.13. Realization Upon Defaulted Mortgage Loans 42 Section 5.14. Custodian to Cooperate; Release of Mortgage Files 43 Section 5.15. Servicing Compensation 44 Section 5.16. Annual Statements of Compliance 45 Section 5.17. Annual Independent Public AccountantsServicing Report 47 Section 5.18. Optional Purchase of Defaulted Mortgage Loans 48 Section 5.19. Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 48 Section 5.20. [Reserved] 48 Section 5.21. [Reserved] 48 Section 5.22. Servicing and Administration of the MI Policies 48 Section 5.23. Determination Date Reports 49 Section 5.24. Advances 50 Section 5.25. Compensating Interest Payments 51 Section 5.26. Advance Facility 51 ARTICLE VI APPLICATION OF FUNDS Section 6.01. Deposits to the Payment Account 53 Section 6.02. Collection of Money 53 Section 6.03. Application of Principal and Interest 54 Section 6.04. [Reserved] 54 Section 6.05. [Reserved] 54
The Mortgage Loans. The mortgage loans in the Trust Fund are identified on the mortgage loan schedule. The mortgage loans in · pool I will consist primarily of 20- to 30-year fixed-rate conventional one- to four-family mortgage loans, and · pool II will consist primarily of 10- to 15-year fixed-rate conventional one- to four-family mortgage loans.
The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans........................ 19 Section 4.02.
The Mortgage Loans. All of the Mortgage Loans included in the Trust Fund, in the manner specified in Section 2.01.
The Mortgage Loans. 26 Section 2.04.
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The Mortgage Loans. Interest Principal Total -------- --------- ----- Scheduled Monthly Payments 2,611,185.28 375,823.50 2,987,008.78 Recovery of Delinquent Scheduled Payments 663,988.22 167,029.34 831,017.56 Principal Prepayments 281,208.61 654,040.06 935,248.67 FHA Claims 0.00 0.00 0.00 Foreclosure Collections 0.00 0.00 0.00 Total Collections on Mortgage Loans 3,556,382.11 1,196,892.90 4,753,275.01 Collection Account Earnings 19,354.51 0.00 19,354.51 Note Distribution Account Earnings 24.95 0.00 24.95 Capitalized Interest Release 4.55 0.00 4.55 Prefunding Account Withdrawal 0.00 0.00 0.00 Available Collection Amount 3,575,766.12 1,196,892.90 4,772,659.02 FEES: Servicing Fee 185,837.25 Trustee Fee 1,858.37 Custodian Fee 2,973.40 Certificate Guaranty Insurance 70,680.08 Owner Trustee Fee 0.00 Total Fees: 261,349.10 OVERCOLLATERALIZATION INFORMATION: Current Overcollateralization Amount 6,821,379.17 Interim Required Overcollaterlization Amount 14,999,719.86 Required Overcollaterlization Amount for Due Period 26,249,509.75 Current Credit Support Multiple 1.00 Is Due Period a Step Down Date No RESERVE ACCOUNT INFORMATION Original Reserve Account Deposit 11,250,000.00 Current Reserve Account Balance 11,250,000.00 Reserve Account Requirement 11,250,000.00 AMOUNT IN PREFUNDING ACCOUNT: 0.00 CAPITALIZED INTEREST ACCOUNT INFORMATION: Amount Remaining in Capitalized Interest Account (0.00) Amount to be Disbursed from Capitalized Interest Account to Note Distribution Account 0.00
The Mortgage Loans. The Mortgage Loans have the approximate characteristics as set forth below on the closing date:
The Mortgage Loans. As to each Mortgage Loan that forms part of the Collateral hereunder (and the related Mortgage, Mortgage Note, Assignment of Mortgage and Mortgaged Property), the Borrower shall be deemed to make the following representations and warranties to the Lender as of such date and as of each date Collateral Value is determined. With respect to the representations and warranties contained in this Schedule 1 which are made to the knowledge or the best of knowledge of the Borrower, or as to which the Borrower, has no knowledge, if it is discovered that the substance of any such representation and warranty was materially inaccurate as of the date such representation and warranty was made or deemed to be made, and such inaccuracy materially and adversely affects the value of the related Mortgage Loan or the interest therein of the Lender, then notwithstanding the lack of knowledge by the Borrower, with respect to the substance of such representation and warranty being materially inaccurate at the time the representation and warranty was made, the Lender shall have the rights set forth in the Loan Agreement and the Collateral Value shall be deemed to be zero with respect to each such Mortgage Loan until the breach is cured in all material respects.
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