Deed of Trust. If the related Mortgage is a deed of trust, a trustee, duly qualified under applicable law to serve as such, is properly designated and serving under such Mortgage.
Appears in 56 contracts
Samples: Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc), Mortgage Loan Purchase Agreement (Gmac Commercial Mortgage Securities Inc)
Deed of Trust. If the related Mortgage is a deed of trust, to Seller’s Knowledge, a trustee, duly qualified under applicable law Applicable Law to serve as such, is properly designated and serving under such Mortgage.
Appears in 4 contracts
Samples: Asset Purchase Agreement (First South Bancorp Inc /Va/), Loan Purchase Agreement (First Bancorp /Nc/), Commercial Loan Purchase Agreement (Cascade Bancorp)
Deed of Trust. If the related Mortgage is a deed of trust, to the Seller’s Knowledge, a trustee, duly qualified under applicable law to serve as such, is properly designated and serving under such Mortgage.
Appears in 1 contract
Samples: Asset Purchase and Sale Agreement (United Community Banks Inc)
