Common use of Valid First Lien Clause in Contracts

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 225 contracts

Samples: Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar1), Custodial Agreement (GSR Mortgage Loan Trust 2006-9f), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar2)

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Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected, first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 106 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildingsProperty, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 62 contracts

Samples: Distribution Instructions (Citigroup Mortgage Loan Trust Inc., Series 2005-5), Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-Ar5), Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 29 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002-Nc3), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2001-Nc1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2004-He6)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the real property included in the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 12 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.), Master Repurchase Agreement and Securities Contract (Home Point Capital Inc.)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all fixtures, improvements, installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 3 contracts

Samples: Letter Agreement (Thornburg Mortgage Securities Trust 2005-4), Letter Agreement (Greenwich Capital Acceptance Inc), Reconstituted Servicing Agreement (Structured Asset Mortgage Investments Inc)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the such Mortgage is subject only to:

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Warranties and Servicing Agreement (MASTR Alternative Loan Trust 2006-1), Warranties and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 3 contracts

Samples: Bulk Servicing Rights Purchase and Sale Agreement (Ocwen Financial Corp), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 03 4), Warranties and Servicing Agreement (Structured Asset Securities Corp Mort Pas-THR Cert Ser 2002-)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property. Where the Mortgaged Property consists of residential real estate, including the lien includes all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildingsbuilding, and all additions, alterations alterations, and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 2 contracts

Samples: 1998 Agreement (Structured Asset Securities Corp), Warranties and Servicing Agreement (Structured Asset Securities Corp)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:: (1) the lien of current real property taxes and assessments not yet due and payable;

Appears in 2 contracts

Samples: Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2007-3), Assignment, Assumption and Recognition Agreement (Sequoia Mortgage Trust 2007-4)

Valid First Lien. The Mortgage is a valid, subsisting enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 2 contracts

Samples: Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h), Master Mortgage Loan Purchase and Warranties Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected, first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:: the lien of current real property taxes and assessments not yet due and payable;

Appears in 2 contracts

Samples: Assignment and Recognition Agreement (Morgan Stanley Home Equity Loan Trust 2006-3), Assignment and Recognition Agreement (Morgan Stanley IXIS Real Estate Capital Trust 2006-1)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings buildings, improvements and fixtures on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoingforegoing as set forth in each Mortgage. The lien of the Mortgage is subject only to:

Appears in 2 contracts

Samples: And Warranties Agreement (Peoples Preferred Capital Corp), And Warranties Agreement (Peoples Preferred Capital Corp)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien of record on a single parcel of real estate constituting the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gsamp Trust 2003-He1)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the related Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, additions alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:.

Appears in 1 contract

Samples: Agreement (Crescent Banking Co)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first lien on the Mortgaged Mortgage Property, including all buildings on the Mortgaged Mortgage Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Mortgage Loan Purchase and Warranties Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea)

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Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing, to the extent any of the foregoing is granted by the related Mortgage. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Sale and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien Lien on the Mortgaged Property, Property including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien Lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Valid First Lien. The Each Mortgage is a valid, valid and subsisting and enforceable first lien on a single parcel or multiple contiguous parcels of real estate included in the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Master Repurchase Agreement (Rocket Companies, Inc.)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected, first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to::

Appears in 1 contract

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2007-5f)

Valid First Lien. The Mortgage is a valid, subsisting existing and enforceable first lien on the Mortgaged Propertymortgaged property, including all buildings on the Mortgaged Property mortgaged property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildingsbuilding, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Master Repurchase Agreement (Cfi Mortgage Inc)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first or second lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Master Repurchase Agreement (Aames Financial Corp/De)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, additions alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Mortgage Loan Purchase Agreement (Chevy Chase Preferred Capital Corp)

Valid First Lien. The Mortgage is a valid, subsisting and enforceable first [first] lien on the Mortgaged Property, including all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Sale and Servicing Agreement (FBR Securitization, Inc.)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, ---------------- enforceable and enforceable perfected first lien on the Mortgaged Property. Where the Mortgaged Property consists of residential real estate, including the lien includes all buildings on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildingsbuilding, and all additions, alterations alterations, and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corporation)

Valid First Lien. The Mortgage is a valid, subsisting subsisting, enforceable and enforceable perfected, first lien on the Mortgaged Property, including all buildings and improvements on the Mortgaged Property and all installations and mechanical, electrical, plumbing, heating and air conditioning systems located in or annexed to such buildings, and all additions, alterations and replacements made at any time with respect to the foregoing. The lien of the Mortgage is subject only to:101

Appears in 1 contract

Samples: Mortgage Loan Purchase and Sale Agreement (Sequoia Mortgage Trust 2007-2)

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