Common use of Sale of Mortgage Loans Clause in Contracts

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank in and to the Mortgage Loans. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September 1, 2002, other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7)

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Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $315,000,0000. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September December 1, 2002, 2005 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2005-Ab3)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $566,412,335.87. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September December 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-12)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,749,258,066.14. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September July 1, 20022004 other than, other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,074,879,077.16. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September October 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (GreenPoint Mortgage Funding Trust 2006-Ar6)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $929,492,496.62. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September February 1, 2002, 2005 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-4)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $790,000,365. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September March 1, 2002, 2006 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2006-Bc2)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $750,001,382. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September December 1, 2002, 2004 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2004-Bc4)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $491,097,797.16. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September January 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $728,570,578.80. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September December 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (GreenPoint Mortgage Funding Trust 2006-Ar8)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $703,117,223.91. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September June 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-6)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,342,443,032.37. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September January 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman XS Trust Series 2007-2n)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $554,317,280.57. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September February 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-2)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,277,146,938.13. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (GreenPoint Mortgage Funding Trust 2006-Ar5)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $652,363,326.57. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September June 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-6)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $ 679,578,369.63. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September May 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-5)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $655,664,171.71. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September July 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans. , if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,837,233,158.58 Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September April 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or and after September June 1, 2002, other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September June 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of the foregoing.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $541,722,183.90. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September April 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-4)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1A and Schedule A-1B hereto, having an aggregate principal balance as of the Cut-off Date of $1,317,638,481.07. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September June 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman XS Trust Series 2007-12n)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $499,612,553.21. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September May 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (GreenPoint Mortgage Funding Trust 2007-Ar3)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans. , if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,026,532,398.44 Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September May 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $862,524,951.48. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September February 1, 20022004 other than, other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Sale and Assignment Agreement (Structured Asset Securities Corp)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,183,611,773.88. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September November 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $ 954,574,538. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September 1, 2002, 2006 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust Series 2006-Bc4)

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Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of $284,235,684.70. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September June 1, 2002, 2003 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds Properties. Concurrently with the execution hereof, the Depositor tenders the purchase price of the foregoing$284,235,684.70.

Appears in 1 contract

Samples: Assignment Agreement (Merrill Lynch Mortgage Investors Inc)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedules A-1A, A-1B and A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $544,789,037.44. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman XS Trust Series 2007-18n)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $1,486,045,751.00. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September August 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $1,153,192,343.78. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September March 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-3)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans. Such conveyance includes, without limitation, the right to all distributions payments of principal and interest received on or with respect to the Mortgage Loans on or and after September 1, 2002, the Cut-off Date (other than payments of principal and interest due on or before such date), and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of the foregoing.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $789,110,100. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September January 1, 2002, 2007 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (SURF Mortgage Loan Asset-Backed Certificates, Series 2007-Bc1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $339,320,709. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September 1, 2002, May 1,2006 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Mortgage Loan Asset-Backed Certificates, Series 2006-Ab2)

Sale of Mortgage Loans. (a) Concurrently with the execution and delivery of this Agreement, the Bank does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank in and to the Mortgage Loans. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September January 1, 20022003, other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September January 1, 20022003, together with all of the Bank’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2003 Bc1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedules X-0, X-0 and A-3 hereto, having an aggregate principal balance as of the Cut-off Date of $458,652,997.12. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September November 1, 2002, 2007 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Lehman XS Trust Series 2007-20n)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of approximately $487,253,395.85. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September October 1, 2002, 2006 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the BankSeller’s right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the BankSeller’s rights under any Insurance Policies relating to the Mortgage Loans, and the BankSeller’s security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Mortgage Loan Sale and Assignment Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-10)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of $244,000,100.68. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September March 1, 2002, 2003 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds Properties. Concurrently with the execution hereof, the Depositor tenders the purchase price of the foregoing$244,000,100.68.

Appears in 1 contract

Samples: Assignment Agreement (Merrill Lynch Mort Inv Inc Mort Ln Ast BCK CTS Ser 2003-Bc1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans (exclusive of any Retained Interest on such Mortgage Loan, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $173,840,421.94. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September May 1, 2002, 2004 other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of the foregoing.

Appears in 1 contract

Samples: Sale and Assignment Agreement (Structured Asset Securities Corp)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $353,592,691. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September March 1, 2002, 2007 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2007-Ab1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $840,001,419.26. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September May 1, 2002, 2005 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2005-Bc2)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage Loans (exclusive of any Retained Interest on such Mortgage Loans, if any) identified on Schedule A-1 and Schedule A-2 hereto, having an aggregate principal balance as of the Cut-off Date of $1,179,596,705.13. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September January 1, 20022004 other than, other than (i) any amounts representing Retained Interest, if any, and (ii) payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties Properties, and any proceeds of the foregoing.

Appears in 1 contract

Samples: Loan Purchase Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $865,000,000. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September November 1, 2002, 2006 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2006-Bc5)

Sale of Mortgage Loans. Concurrently with the execution and delivery of this Agreement, the Bank Seller does hereby transfer, assign, set over, deposit with and otherwise convey to the Depositor, without recourse, subject to Sections 1.03 and 1.04, all the right, title and interest of the Bank Seller in and to the Mortgage LoansLoans identified on Schedule A hereto, having an aggregate principal balance as of the Cut-off Date of approximately $393,427,602. Such conveyance includes, without limitation, the right to all distributions of principal and interest received on or with respect to the Mortgage Loans on or after September April 1, 2002, 2007 other than payments of principal and interest due on or before such date, and all such payments due after such date but received prior to such date and intended by the related Mortgagors to be applied after such date, all Prepayment Charges received on or with respect to the Mortgage Loans on or after September 1, 2002, together with all of the Bank’s Seller's right, title and interest in and to each related account and all amounts from time to time credited to and the proceeds of such account, any REO Property and the proceeds thereof, the Bank’s Seller's rights under any Insurance Policies relating related to the Mortgage Loans, and the Bank’s Seller's security interest in any collateral pledged to secure the Mortgage Loans, including the Mortgaged Properties and any proceeds of Properties. Concurrently with the foregoingexecution hereof, the Depositor tenders the purchase price for the Mortgage Loans.

Appears in 1 contract

Samples: Assignment Agreement (Specialty Underwriting & Residential Finance Trust, Series 2007-Bc2)

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