Mortgage File definition
Examples of Mortgage File in a sentence
There exists as part of the related Mortgage File an Assignment of Leases (either as a separate instrument or incorporated into the related Mortgage).
With respect to each Mortgage Loan, except as contained in a written document included in the Mortgage File, there have been no modifications, amendments or waivers, that could be reasonably expected to have a material adverse effect on such Mortgage Loan consented to by the Seller on or after the Cut-Off Date.
The Custodian shall (i) except in the case of the initial Custodian, be a depository institution subject to supervision by federal or state authority, (ii) have combined capital and surplus of at least $15,000,000 and (iii) be qualified to do business in the jurisdiction in which it holds any Mortgage File.
The ownership of the Trust Notes, all other contents of the Mortgage File and the other assets in the Trust Fund shall be vested in the Trust or the Trustee for the benefit of the Certificateholders, the RR Interest Owners and (other than the Trust Notes) the Companion Loan Holders.
Upon receipt of the foregoing, the Custodian shall deliver the Mortgage File or any document therein to the Master Servicer or the Special Servicer (or a designee), as the case may be.