Examples of Prepayment Penalties in a sentence
The Prepayment Penalty End Date is the first month when a Mortgage Loan is no longer subject to the payment of any Prepayment Penalties.
The Mortgage Note and the Mortgage and any other agreement executed and delivered by a Mortgagor in connection with a Mortgage Loan are genuine, and each is the legal, valid and binding obligation of the maker thereof enforceable in accordance with its terms (including, without limitation, any provisions therein relating to Prepayment Penalties).
Prepayment Penalties received by the Trust will be allocated as described in this Supplement.
One hundred percent (100%) of the Prepayment Penalties are received by the Trustee and dis- tributed to Class IO.
The Mortgage Loans provide for payment of Prepayment Penalties during speci- fied periods beginning on the applicable lockout period end date or, if no lockout period applies, the applicable Issue Date.