Examples of Mortgage Certificates in a sentence
Upon the issuance of the Mortgage Certificates, the Depositor shall pay to the Custodian a loan file review fee of $4.00 per Mortgage File.
This Custodial Agreement is for the exclusive benefit of the parties hereto and their respective successors and permitted assigns, and shall not be deemed to create or confer any legal or equitable right, remedy or claim upon any other Person whatsoever, except that the holders of the Mortgage Certificates shall be third party beneficiaries of this Custodial Agreement.
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The obligations and responsibilities created by the Agreement shall terminate upon the earlier to occur of (A) the final distribution to Certificateholders of all amounts required to be distributed pursuant to the Agreement or (B) the optional purchase by the Call Right Holder of the Mortgage Certificates in the Trust Fund at a purchase price determined as provided in the Agreement.
The Authority has found and determined that the purchase of the Mortgage Certificates under the terms of this Agreement to finance the purchase by Eligible Mortgagors of Residences will further the purposes of the Act and will be in the public interest.