Common use of Completion and Recordation of Assignments of Mortgage Clause in Contracts

Completion and Recordation of Assignments of Mortgage. As soon as practicable after the related Transfer Date (but in no event more than 90 days thereafter except to the extent delays are caused by the applicable public recording office), the Servicer shall cause the endorsements on the Mortgage Note (if applicable), and the Assignments of Mortgage (subject to Section 3.01(a)) to be completed in the name of the Seller for the benefit of the applicable Participants (or MERS, as applicable).

Appears in 2 contracts

Sources: Participation Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Cer Se 2002-1a), Participation Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-18a)