Examples of Split Mortgage Loan in a sentence
The details should match those on P.A.S. Again, if this is not the case then a new front sheet must be placed in the case note folder.
For any Distribution Date, if the weighted average of certain net interest rates on the Mortgage Loans (or, in the case of the Split Mortgage Loans, solely on the respective Split Mortgage Loan Pooled Components) is less than a specified fixed rate for the subject Class, then the applicable pass-through rate in effect for that Class will equal that weighted average net interest rate.
I certify and represent to CJL that I am over 18 years of age, that I am legally competent to sign this Agreement, and that I have legal authority and capacity to act as the parent and/or legal guardian of the named Camper.
In the case of a Mortgage Loan that becomes a Split Mortgage Loan or a Modified Mortgage Loan, for the purposes of determining the interest amount payable in respect of such Mortgage Loan, the Current Balance of such Mortgage Loan will be deemed to be reduced by the principal balance of the related Warehoused Mortgage Account.
If a Mortgage Loan becomes a Split Mortgage Loan or a Modified Mortgage Loan such Mortgage Loan (including both the Main Mortgage Account and Warehoused Mortgage Account parts) shall remain in the Mortgage Portfolio.