MERS Procedures Manual definition

MERS Procedures Manual. The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time.

MERS Procedures Manual means the MERS Procedures Manual, as it may be amended from time to time.

MERS Procedures Manual means the MERS Procedures Manual attached as Exhibit B to the Electronic Tracking Agreement, as it may be amended, supplemented or otherwise modified from time to time.

Examples of MERS Procedures Manual in a sentence

• In addition, the Servicer shall comply with all rules, policies and procedures of MERS, including the Rules of Membership, as amended, and the MERS Procedures Manual, as amended.

• In addition, each of the Purchaser and the Servicer shall comply with all rules, policies and procedures of MERS, including the Rules of Membership, as amended, and the MERS Procedures Manual, as amended.

• In addition, Each of the Purchaser and the Servicer shall comply with all rules, policies and procedures of MERS, including the Rules of Membership, as amended, and the MERS Procedures Manual, as amended.

• The Seller has designated or shall designate MERS as, and has taken or will take such action as is necessary to cause MERS to be, the mortgagee of record with respect to each Mortgage Loan in a Mortgage Pool, and in accordance with the MERS Procedures Manual, the Seller has designated or shall designate the Seller as the servicer or subservicer in the MERS® System for each such Mortgage Loan (each such Mortgage Loan, upon such designation by MERS, a “MERS Designated Mortgage Loan”).

• Subject to Section 1.4 hereof, the Valuation Time for the Reorganization shall be on such date as may be agreed by the duly authorized officers of both parties hereto.

More Definitions of MERS Procedures Manual

MERS Procedures Manual. The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time. MERS System: MERS Electronic Registration Systems, Inc., or any successor thereto.

MERS Procedures Manual. The MERS Procedures Manual, as it may be amended, supplemented or otherwise modified from time to time. MILA: MILA, Inc., a Washington corporation, and its successors in interest.

MERS Procedures Manual means that certain document entitled “MERS Procedures Manual” as promulgated by MERSCORP Holdings, Inc. and dated as of August 10, 2012, which document describes, and contains the terms and provisions relating to and regulating, the MERS® System, as such document may be replaced, amended, or modified from time to time.

MERS Procedures Manual means the MERS Procedures Manual, as it may be amended from time to time. “MERS® System” means the Electronic Agent’s mortgage electronic registry system, as more particularly described in the MERS Procedures Manual. “Mortgage” means a mortgage, deed of trust, deed to secure debt, security deed or other mortgage instrument or similar evidence of lien legally effective in the U.S. jurisdiction where the relevant real property is located to create and constitute a valid and enforceable first priority Lien or, in the case of a Second Mortgage Loan, second priority Lien, in each case subject only to Permitted Encumbrances, on the fee simple estate in improved real property. “Mortgage Assignment” means an assignment of a Mortgage, in form sufficient under the Legal Requirements of the U.S. jurisdiction where the real property covered by such Mortgage is located to give record notice of the assignment of such Mortgage, perfect the assignment and establish its priority relative to other transactions in respect of the Mortgage assigned (no Mortgage Assignment is required for any Mortgage that has been originated in the name of MERS and registered under the MERS® System). “Mortgage Loan” means any loan evidenced by a Mortgage Note and includes all right, title and interest of the lender or mortgagee of such loan as a holder of both the beneficial and legal title to such loan, including (a) all Loan Papers, Loan Records or other loan documents, files and records of the lender or mortgagee for such loan, (b) the monthly payments, any prepayments, insurance and other proceeds, (c) all Servicing Rights related to such loan and (d) all other rights, interests, benefits, security, proceeds, remedies and claims (including, without limitation, REO) in favor or for the benefit of the lender or mortgagee arising out of or in connection with such loan. 19 Bodman_16842095_7

MERS Procedures Manual means the MERS Procedures Manual identified in Exhibit B hereto, as it may be amended from time to time.

MERS Procedures Manual means the MERS Procedures Manual attached as Exhibit B hereto, as it may be amended from time to time. Detroit_l5392067_2

MERS Procedures Manual means the MERS Procedures Manual, as it may be amended from time to time. “MERS® System” means the Electronic Agent’s mortgage electronic registry system, as more particularly described in the MERS Procedures Manual.