Common use of Curtailment Clause in Contracts

Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan. Custodians: LaSalle Bank National Association, ▇.▇. ▇▇▇▇▇▇ Trust Company, N.A., and ▇▇▇▇▇ Fargo Bank, N.A., as custodians, or their successors in interest.

Appears in 11 contracts

Sources: Pooling and Servicing Agreement (Home Equity Asset Trust 2005-4), Pooling and Servicing Agreement (Home Equity Asset Trust 2005-3), Pooling and Servicing Agreement (Home Equity Asset Trust 2006-5)

Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan. Custodians: LaSalle Bank National Association, ▇.▇. ▇▇▇▇▇▇ Trust Company, N.A., Association and ▇▇▇▇▇ Fargo Bank, N.A., as custodians, or their successors in interest.

Appears in 6 contracts

Sources: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (Home Equity Asset Trust 2007-1), Pooling and Servicing Agreement (Home Equity Asset Trust 2006-7)

Curtailment. Any payment of principal on a Mortgage Loan, made by or on behalf of the related Mortgagor, other than a Scheduled Payment, a prepaid Scheduled Payment or a Payoff, which is applied to reduce the outstanding Stated Principal Balance of the Mortgage Loan. Custodians: LaSalle Bank National Association, ▇.▇. ▇▇▇▇▇▇ Trust CompanyJPMorgan Chase Bank, N.A., and ▇▇▇▇▇ Fargo Bank, N.A.N.A. , as custodians, or their successors in interest.

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Home Equity Asset Trust 2005-2)