Mortgage Asset Documents definition

Mortgage Asset Documents. With respect to a Purchased Asset, the documents comprising the Mortgage Asset File for such Purchased Asset.
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Mortgage Asset Documents means, with respect to a Mortgage Asset, the documents comprising the Mortgage File for such Mortgage Asset.
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Mortgage Asset Documents. The indenture, loan agreement, note, mortgage, intercreditor agreement, co-lender agreement or other agreement pursuant to which a Mortgage Asset has been issued or created and each other agreement that governs the terms of or secures the obligations represented by such Mortgage Asset or of which holders of such Mortgage Asset are the beneficiaries, including without limitation each applicable document in the Mortgage Asset File.
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Examples of Mortgage Asset Documents in a sentence

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  • In the case of any Transaction that is a Wet Funding, Seller shall (i) no later than 12:00 noon (New York City time) on the Purchase Date, deliver or cause Bailee to deliver to Custodian and Buyer by Electronic Transmission, PDF copies of the Mortgage Asset Documents and (ii) deliver or cause Bailee to deliver the original Mortgage Asset Documents to Custodian no later than 5:00 p.m., New York City time, on the fifth (5th) Business Days after the Purchase Date in accordance with Section 2.01(f)(ii) above.

  • If such Purchased Asset is not sold within thirty (30) calendar days, Seller or its designee shall return to Custodian the Mortgage Asset Document(s) previously released from Custodian’s Mortgage Asset File immediately after the expiration of such thirty-day period.

  • In the event that the Issuer, as holder of a Future Advance Mortgage Asset, is required make a Future Advance under the related Mortgage Asset Documents to the related Obligor under such Mortgage Asset, the Issuer shall provide notice thereof to the Collateral Agent, the Loan Agent, the Servicer and the Class A Lender.

  • Such notice of a required Future Advance shall identify the related Future Advance Mortgage Asset and shall include the intended Additional Funding Date (if applicable), a description of how the related Obligor has satisfied the applicable funding conditions in the related Mortgage Asset Documents and the then current principal balance of such Future Advance Mortgage Asset.

  • No person other than the holder of such Mortgage Asset may declare any event of default under the Mortgage Asset or accelerate any indebtedness under the Mortgage Asset Documents.

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  • The Mortgage Asset Documents require the related Mortgagor to be qualified to do business in the jurisdiction in which the related Mortgaged Property is located and for the Mortgagor and the Mortgaged Property to be in compliance in all material respects with all regulations, zoning and building laws.

  • Both the Mortgage Asset Documents and the organizational documents of the Mortgagor with respect to each Mortgage Asset with a principal amount on the Cut-off Date of $5 million or more provide that the borrower is a Single- Purpose Entity, and each Mortgage Asset with a principal amount on the Cut-off Date of $20 million or more has a counsel’s opinion regarding non-consolidation of the Mortgagor.

  • No other escrow amounts have been released except in accordance with the terms and conditions of the Mortgage Asset Documents.


More Definitions of Mortgage Asset Documents

Mortgage Asset Documents. The meaning assigned thereto in the Custodial Agreement.
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Mortgage Asset Documents. With respect to each Mortgage Asset, (i) in the case of each Account, the building or instalment sale contract relating to such Account, (ii) the Account Note or Mortgage Note, endorsed to the order of the Issuer, without recourse, and endorsed by the Issuer in blank or to the order of the Indenture Trustee, without recourse, (iii) the original of the recorded Mortgage and the originals of all other documents, if any, securing said Account Note or Mortgage Note, (iv) unrecorded Assignments in recordable form to the Indenture Trustee, together with originals or certified copies (to the extent provided below) of any recorded assignment(s) from the originator of such Mortgage Assets to Mid-State Homes, Inc., from Mid-State Homes, Inc. to Mid-State Trust IX and from Mid-State Trust IX to the Issuer, (v) the originals of any assumption agreement, written assurance or substitution agreement required to be delivered to the Indenture Trustee pursuant to Section 2.10 of the Servicing Agreements, (vi) all insurance policies, including without limitation lenders title insurance policies (in the case of the Mortgage Loans) and fire and extended hazard insurance policies related to the Mortgage Assets, naming the Issuer, the Indenture Trustee, the Servicers or the Sub-Servicer as the loss payee of such policies, and (vii) any and all other documents or instruments in the possession of the Grantor relating to the Mortgage Assets, which evidence, or were created in connection with the origination of, or necessary for the administration of the Mortgage Assets, including without limitation any credit reports, copies of deeds, completion certificates, title search reports and loan applications; if the original copy of any document described in clause (iii), (iv) or (v) has been retained by the recording office in which such document was recorded, then a copy thereof certified as true and correct by a duly authorized representative of such recording office shall be included as part of the Mortgage Asset Documents for the related Mortgage Asset. Notwithstanding any provision contained herein, the Indenture Trustee shall have no duty to review, maintain custody of or take any action with respect to the documents set forth in clauses (vi) and (vii) above.
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Mortgage Asset Documents. The indenture, loan agreement, note, mortgage, intercreditor agreement, co-lender agreement or other agreement pursuant to which a Mortgage Asset or any related Mezzanine Loan, as applicable, has been issued or created and each other agreement that governs the terms of or secures the obligations represented by such Mortgage Asset or related Mezzanine Loan, as applicable, or of which holders of such Mortgage Asset or related Mezzanine Loan, as applicable, are the beneficiaries, including without limitation each applicable document in the Mortgage Asset File.
Sample 1
Mortgage Asset Documents. With respect to each Mortgage Asset, (i) in the case of each Account, the building or instalment sale contract relating to such Account, (ii) the Account Note or Mortgage Note, endorsed to the order of the Issuer, without recourse, and endorsed by or on behalf of the Issuer in blank or to the order of the Indenture Trustee, without recourse, (iii) the original of the recorded Mortgage and the originals of all other documents, if any, securing said Account Note or Mortgage Note, (iv) unrecorded Assignments in recordable form to the Indenture Trustee, together with originals or certified copies of any intervening recorded assignment, (v) the originals of any assumption agreement, written assurance or substitution agreement required to be delivered to the Indenture Trustee, or Document Custodian on behalf of the Indenture Trustee, pursuant to Section 2.10 of the Servicing Agreement, (vi) all insurance policies, including without limitation lenders title insurance policies (in the case of the Mortgage Loans) and fire and extended hazard insurance policies related to the Mortgage Assets, naming the Issuer, the Indenture Trustee, the Servicer or the Sub-Servicer as the loss payee of such policies, and (vii) any and all other documents or instruments in the possession of the Grantor relating to the Mortgage Assets, which evidence, or were created in connection with the origination of, or necessary for the administration of the Mortgage Assets, including without limitation any credit reports, copies of deeds, completion certificates, title search reports and loan applications; if the original copy of any document described in clause (iii), (iv) or (v) has been retained by the recording office in which such document was recorded, then a copy thereof certified as true and correct by a duly authorized representative of such recording office shall be included as part of the Mortgage Asset Documents for the related Mortgage Asset. Notwithstanding any provision contained herein, the Indenture Trustee, or Document Custodian on behalf of the Indenture Trustee, shall have no duty to review, maintain custody of or take any action with respect to the documents set forth in clauses (vi) and (vii) above.
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Related to Mortgage Asset Documents

  • Mortgage Assets The Mortgage Loans to be included in the Trust Fund are as described in Annex A hereto.

  • Purchased Asset Documents means, with respect to a Purchased Asset, the documents comprising the Purchased Asset File for such Purchased Asset.

  • Mortgage Documents With respect to each Mortgage Loan, the mortgage documents required to be delivered to the Custodian pursuant to each Custodial Agreement.

  • Mortgage Loan Documents means, with respect to the Mortgage Loan, the Mortgage Loan Agreement, the Mortgage, the Notes and all other documents now or hereafter evidencing and securing the Mortgage Loan.

  • Streamlined Documentation Mortgage Loan Any Mortgage Loan originated pursuant to the Seller's Streamlined Loan Documentation Program then in effect.

  • Park Sienna Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Park Sienna is the applicable Seller.

  • Cooperative Loan Documents As to any Cooperative Loan, (i) the Cooperative Shares, together with a stock power in blank; (ii) the original executed Security Agreement and the assignment of the Security Agreement endorsed in blank; (iii) the original executed Proprietary Lease and the assignment of the Proprietary Lease endorsed in blank; (iv) the original executed Recognition Agreement and the assignment of the Recognition Agreement (or a blanket assignment of all Recognition Agreements) endorsed in blank; (v) the executed UCC-1 financing statement with evidence of recording thereon, which has been filed in all places required to perfect the security interest in the Cooperative Shares and the Proprietary Lease; and (vi) executed UCC-3 financing statements (or copies thereof) or other appropriate UCC financing statements required by state law, evidencing a complete and unbroken line from the mortgagee to the Trustee with evidence of recording thereon (or in a form suitable for recordation).

  • Pledged Asset Mortgage Loan A Mortgage Loan as to which, at the time of origination, a Letter of Credit was issued in favor of the initial holder of such Mortgage Loan.

  • Mortgage Collateral the “Collateral” as defined in the Mortgage Loan Agreement.

  • Lender PMI Mortgage Loan Certain Mortgage Loans as to which the lender (rather than the borrower) acquires the Primary Insurance Policy and charges the related borrower an interest premium.

  • Second Lien Mortgage Loan A Mortgage Loan secured by a second lien Mortgage on the related Mortgaged Property.

  • PMI Mortgage Loans The list of Mortgage Loans insured by the PMI Insurer attached hereto as Schedule II.

  • First Lien Mortgage Loan A Mortgage Loan secured by a first lien Mortgage on the related Mortgaged Property.

  • Pledged Asset Mortgage Servicing Agreement The Pledged Asset Mortgage Servicing Agreement, dated as of February 28, 1996 between MLCC and the Master Servicer. Pooling and Servicing Agreement or Agreement: With respect to any Series, this Standard Terms together with the related Series Supplement.

  • Pool 1 Mortgage Loans Any Mortgage Loan in Pool 1.

  • EMC Mortgage Loans Those Mortgage Loans serviced by the Company pursuant to the terms of this Agreement.

  • Mortgage Assignment means an assignment of the Mortgage in recordable form, sufficient under the laws of the jurisdiction wherein the related Mortgaged Property is located to reflect the sale of the Mortgage.

  • Countrywide Mortgage Loans The Mortgage Loans identified as such on the Mortgage Loan Schedule for which Countrywide is the applicable Seller.

  • Group I Mortgage Loans The Mortgage Loans identified on the Mortgage Loan Schedule as Group I Mortgage Loans.

  • Receivables Documents means all documentation relating to any receivables financing program providing for the sale of some or all Receivables Facility Assets by Company and its Subsidiaries (whether or not to a Receivables Subsidiary) in transactions purporting to be sales and shall include the documents evidencing any Permitted Accounts Receivable Securitization and any Receivables Factoring Facility.

  • Owner Mortgage Loan File A file maintained by the Custodian for each Mortgage Loan that contains the documents specified in Section 2.01(a) and any additional documents required to be added to the Owner Mortgage Loan File pursuant to this Agreement.

  • Group I Mortgage Loan A Mortgage Loan assigned to Loan Group I. All Group I Mortgage Loans have a principal balance at origination that conforms to Xxxxxxx Mac loan limits.

  • Mortgage Notes means, collectively, the promissory notes aggregating $310,000,000 principal amount issued pursuant to the Mortgage Note Agreements, dated December 12, 1991 and executed by the Operating Partnership, together with and any loan agreement and security documents executed in connection therewith, any and all instruments given in renewal, extension, modification, or rearrangement of or in substitution or replacement for any one or more of the foregoing described promissory notes and other documents, whether given to the original purchaser thereof (or its designee) or any other Person and other documents.

  • Buydown Mortgage Loan Any Mortgage Loan as to which a specified amount of interest is paid out of related Buydown Funds in accordance with a related buydown agreement.

  • Mortgage Receivable means a promissory note secured by a Mortgage of which the Borrower or a Subsidiary is the holder and retains the rights of collection of all payments thereunder.

  • GreenPoint Mortgage Loans The Mortgage Loans for which GreenPoint is listed as "Servicer" on the Mortgage Loan Schedule.