Examples of Conventional Mortgage Loan in a sentence
In the event that any payment due under any Conventional Mortgage Loan is not paid when the same becomes due and payable, or in the event the Mortgagor fails to perform any other covenant or obligation under the Mortgage Loan and such failure continues beyond any applicable grace period, the Servicer shall take such action as it shall deem to be in the best interest of the Certificateholders.
Properties located incounties that are not listed on Exhibit N are subject to the Conventional Mortgage Loan limits above.
Servicers must have procedures in place to confirm that the required property insurance coverage is in place at all times on the Mortgaged Property.The Servicer shall monitor the insurance coverage which the Borrower is required to maintain for each Conventional Mortgage Loan and each Government Mortgage Loan.
The appraiser for the Mortgage Loan was duly licensed or certified under the applicable law where the Mortgage Loan was originated, and for each Government Mortgage Loan was acceptable to the FHA or VA, as applicable, and for each Conventional Mortgage Loan was acceptable to Xxxxxx Xxx, Xxxxxxx Mac and/or the Takeout Investor, as applicable.
Mortgages (5/1/19)68 The QC review of each Conventional Mortgage Loan that reaches EPD status is required, even if the Mortgage Loan has subsequently been brought current.