Examples of Group 3 Mortgage Loan in a sentence
Exhibit D-3 Loan Group 3 Mortgage Loan Schedule...................
No Group 1 or Group 3 Mortgage Loan contains a first lien mortgage that, at origination, exceeded the applicable loan limits specified below.
Exhibit D-3 Loan Group 3 Mortgage Loan Schedule.....................
It is understood and agreed that the obligations of the Seller set forth in this Section 3.03 to cure, repurchase and substitute for a defective Additional Group 3 Mortgage Loan constitute the sole remedy of the Purchaser respecting a missing or defective document or a breach of the representations and warranties contained in Section 3.01 or 3.02 of the MLPA.
After such notification to BSMCC and, if any such excess exists, upon receipt of such deposit, the Trustee shall accept such Substitute Mortgage Loan, which shall thereafter be deemed to be a Group 1 Mortgage Loan, Group 2 Mortgage Loan, Group 3 Mortgage Loan or Group 4 Mortgage Loan, as applicable, hereunder.