Examples of Weichert Mortgage Loan in a sentence
The substance of any such waiver, alteration or modification has been approved by the title insurer, if any, to the extent required by the policy, and its terms are reflected on the Weichert Mortgage Loan Schedule, if applicable.
The Weichert Mortgage Loan is payable on the first day of each month.
No fraud, error, omission, misrepresentation, negligence or similar occurrence with respect to a Weichert Mortgage Loan has taken place on the part of any Person, including without limitation, the Mortgagor, any appraiser, any builder or developer, or any other party involved in the origination or servicing of the Weichert Mortgage Loan.
With respect to Weichert Mortgage Loans originated on or after October 1, 2002, the duration of the Prepayment Penalty period shall not exceed three (3) years from the date of the Mortgage Note unless the Weichert Mortgage Loan was modified to reduce the Prepayment Penalty period to no more than three (3) years from the date of such Weichert Mortgage Loan and the Mortgagor was notified in writing of such reduction in Prepayment Penalty period.
Principal payments on the Weichert Mortgage Loan commenced no more than sixty days after funds were disbursed in connection with the Weichert Mortgage Loan.
No Weichert Mortgage Loan has been modified so as to restructure the payment obligations or re-age the Weichert Mortgage Loan.
The terms of the Mortgage Note and Mortgage have not been impaired, waived, altered or modified in any respect, from the date of origination except by a written instrument which has been recorded, if necessary to protect the interests of GSMC, and which has been delivered to the Custodian or to such other Person as GSMC shall designate in writing, and the terms of which are reflected in the Weichert Mortgage Loan Schedule.
No payment under any Weichert Mortgage Loan has been 30 days delinquent at any time since the origination of the Weichert Mortgage Loan.
The Mortgage Note is payable in equal monthly installments of principal and interest, which installments of interest, with respect to Adjustable Rate Mortgage Loans, are subject to change due to the adjustments to the Mortgage Interest Rate on each Interest Rate Adjustment Date, with interest calculated and payable in arrears, sufficient to amortize the Weichert Mortgage Loan fully by the stated maturity date, over an original term of not more than thirty years from commencement of amortization.
The origination, servicing and collection practices used by Weichert, and any prior servicer with respect to the Weichert Mortgage Loan have been in all respects in compliance with Accepted Servicing Practices, applicable laws and regulations, and have been in all respects legal and proper and prudent in the mortgage origination and servicing business.