No Construction Loans. No Mortgage Loan was made in connection with (i) facilitating the trade-in or exchange of a Mortgaged Property or (ii) the construction or rehabilitation of a Mortgaged Property, unless the Mortgage Loan is a construction-to-permanent mortgage loan listed on the Mortgage Loan Schedule which has been fully disbursed, all construction work is complete and a completion certificate or certificate of occupancy (or a local equivalent) has been issued.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Abfc Asset Backed Certificates Series 2002-Nc1)
No Construction Loans. No Mortgage Loan was made in connection with (ia) facilitating the trade-in or exchange of a Mortgaged Property or (iib) the construction or rehabilitation of a Mortgaged Property, unless the Mortgage Loan is a construction-to-permanent mortgage loan listed on the Mortgage Loan Schedule which has been fully disbursed, all construction work is complete and a completion certificate or certificate of occupancy (or a local equivalent) has been issued.
Appears in 1 contract
Samples: Master Repurchase Agreement (New York Mortgage Trust Inc)
No Construction Loans. No Mortgage Loan was made in connection with (i) facilitating the trade-in or exchange of a Mortgaged Property or (ii) the construction or rehabilitation of a Mortgaged Property, unless the Mortgage Loan is a construction-to-permanent mortgage loan listed on the Mortgage Loan Schedule which has been fully disbursed, all construction work is complete and a completion certificate or certificate of occupancy (or a local equivalent) has been issued.;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
No Construction Loans. No The Mortgage Loan was not made in connection with (ia) facilitating the trade-in or exchange of a Mortgaged Property or (iib) the construction or rehabilitation of a Mortgaged Property, Property unless the Mortgage Loan is a construction-to-permanent mortgage loan listed on the Mortgage Loan Schedule which has been fully disbursed, all construction work is complete and a completion certificate or certificate of occupancy (or a local equivalent) has been issued.;
Appears in 1 contract
Samples: Master Repurchase Agreement (Hanover Capital Mortgage Holdings Inc)
No Construction Loans. No Mortgage Loan was made in connection with (i) facilitating the trade-in or exchange of a Mortgaged Property or (ii) the construction or rehabilitation of a Mortgaged Property, Property unless (a) the Mortgage Loan is was identified as a construction-to-permanent mortgage loan listed on the Mortgage Loan Schedule which and (b) the Mortgage Loan has been fully disbursed, all construction work is complete and a completion certificate or certificate of occupancy (or a local equivalent) has been issued.;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (DLJ Mortgage Acceptance Corp)
