Common use of Leasehold Estate Clause in Contracts

Leasehold Estate. Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:

Leasehold Estate. Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"" which term shall include any related estoppel letter or lender protection agreement between Seller and related lessor), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:

Leasehold Estate. Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor Borrower as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related MortgagorBorrower's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:):

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Purchased Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as . With respect to such any Purchased Loan secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"" which term shall include any related estoppel letter or lender protection agreement between the Seller and related lessor), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor’s fee simple estate in real estate or, if the related Mortgage Purchased Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "“Ground Lease"”), by the related Mortgagor's ’s interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "“Fee Interest"”), and as . With respect to such any Purchased Loan secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by of the related Mortgagor's interest in the Ground Lease but is not secured by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:):

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), ) or if the Mortgage Loan is secured in whole or in part by a Ground Lease and as to such Ground Leasesa Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as to such Ground Leases:: .

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground LeaseGROUND LEASE"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee InterestFEE INTEREST")) and, and as with respect to any such Ground LeasesLease:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor’s fee simple estate in real estate or, if the related Mortgage Purchased Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "“Ground Lease"”), by the related Mortgagor's ’s interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "“Fee Interest"”), and as . With respect to such any Purchased Loan secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Loan Underlying Asset is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as . With respect to such any Underlying Asset secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor’s fee simple estate in real estate or, if the related Mortgage Loan Underlying Asset is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "“Ground Lease"”), by the related Mortgagor's ’s interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "“Fee Interest"”), and as . With respect to such any Underlying Asset secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a either (1) the related Mortgagor’s fee simple estate in real estate or, or (2) if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease")Lease and not by the fee simple interest, by the related Mortgagor's ’s interest in the Ground Lease but not by and the related fee interest in such Mortgaged Property (the "Fee Interest"), and as following apply to such Ground LeasesLease:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor's fee simple estate in real estate or, if the related Mortgage Purchased Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "Ground Lease"), by the related Mortgagor's interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "Fee Interest"), and as . With respect to such any Purchased Loan secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor’s fee simple estate in real estate or, if the related Mortgage Loan Underlying Asset is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "“Ground Lease"”), by the related Mortgagor's ’s interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "“Fee Interest"”), and as . With respect to such any Underlying Asset secured by a Ground LeasesLease but not by the related Fee Interest:

Leasehold Estate. Each Mortgaged Property consists of a the related Mortgagor’s fee simple estate in real estate or, if the related Mortgage Loan is secured in whole or in part by the interest of a Mortgagor as a lessee under a ground lease of a Mortgaged Property (a "“Ground Lease"”), by the related Mortgagor's ’s interest in the Ground Lease but not by the related fee interest in such Mortgaged Property (the "“Fee Interest"”), and as . With respect to such any Mortgage Loan secured by a Ground LeasesLease but not by the related Fee Interest: