Valid First or Second Lien. Each Mortgage is a valid, subsisting, enforceable and perfected first lien, with respect to First Lien Loans, or second lien, with respect to Second Lien Loans, 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 9 contracts
Samples: Pooling and Servicing Agreement (FFMLT Trust 2005-Ffa), Pooling and Servicing Agreement (FFMLT Trust 2006-Ff3), Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff2)
Valid First or Second Lien. Each The Mortgage is a valid, subsisting, enforceable and perfected perfected, first lien, lien (with respect to First a First-Lien Loans, Mortgage Loan) or second lien, lien (with respect to Second a Second-Lien Loans, of record Mortgage Loan) 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, time with respect to the foregoing. The lien of the Mortgage is subject only to:
Appears in 7 contracts
Samples: Pooling and Servicing Agreement (EquiFirst Loan Securitization Trust 2007-1), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc2), Pooling and Servicing Agreement (Morgan Stanley ABS Capital I Inc. Trust 2007-Nc3)
Valid First or Second Lien. Each The Mortgage is a valid, subsisting, enforceable and perfected first lien, lien (with respect to First a First-Lien Loans, Mortgage Loan) or second lien, lien (with respect to Second a Second-Lien Loans, of record Mortgage Loan) 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, time with respect to the foregoing. The lien of the Mortgage is subject only to:
Appears in 5 contracts
Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Mort Pass THR Certs Ser 2003-Nc10), Mortgage Loan Purchase and Warranties Agreement (Morgan Stanley Abs Capital I Inc Series 2004-He1), Pooling and Servicing Agreement (Morgan Stanley Abs Cap I Inc Mort Pas THR Cert Ser 2004 Nc1)
