Examples of Xxxxxx Mortgage Loan in a sentence
The servicing and collection practices used by the Depositor and the applicable Xxxxxx Mortgage Loan Seller or, to the Depositor's knowledge, any other prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.
In addition, the Certificate Administrator will make a separate REMIC election (designated as the “800 Xxxxx Xxxxxx REMIC”) with respect to the 800 Xxxxx Xxxxxx Mortgage Loan, and the corresponding interests in any REO Property with respect thereto and the proceeds thereof for federal income tax purposes as described in the 800 Xxxxx Xxxxxx REMIC Declaration.
LOAN REMIC On February 22, 2023, 3650 REIT formed the 800 Xxxxx Xxxxxx REMIC with respect to the 800 Xxxxx Xxxxxx Mortgage Loan and other related assets, which issued a single uncertificated regular interest (the “800 Xxxxx Xxxxxx REMIC Regular Interest” or the “Loan REMIC Regular Interest”) and a single uncertificated residual interest (the “800 Xxxxx Xxxxxx REMIC Residual Interest” or the “Loan REMIC Residual Interest”).
KeyBank National Association is hereby appointed as the initial Special Servicer to specially service the 100 Xxxxx Xxxxxx Mortgage Loan.
The 800 Xxxxx Xxxxxx REMIC Regular Interest has a principal balance of $10,000,000 as of the Cut-off Date and for tax reporting purposes will be entitled to principal and interest and any other amounts payable on the 800 Xxxxx Xxxxxx Mortgage Loan.
Neither the Depositor nor the Xxxxxx Mortgage Loan Seller has waived, in writing or with knowledge, any material default, breach, violation or event of acceleration under any of such documents.
The servicing and collection practices used by the Depositor and the Xxxxxx Mortgage Loan Seller or, to the Depositor's knowledge, any other prior holder of the related Mortgage Note with respect to such Mortgage Loan have been in all respects legal and have met customary industry standards.
The 0 Xxxxxxxx Xxxxxx Mortgage Loan shall be a Non-Trust-Serviced Pooled Mortgage Loan.
Neither the Depositor nor the applicable Xxxxxx Mortgage Loan Seller has waived, in writing or with knowledge, any material default, breach, violation or event of acceleration under any of such documents.
No advance of funds has been made, directly or indirectly, by the originator, the Xxxxxx Mortgage Loan Seller or the Depositor to the related Mortgagor other than pursuant to the related Mortgage Note; and, to the actual knowledge of the Depositor and the Xxxxxx Mortgage Loan Seller, no funds have been received from any Person other than such Mortgagor for or on account of payments due on the related Mortgage Note.