Common use of Deposit of Eligible Collateral Clause in Contracts

Deposit of Eligible Collateral. The Corporation shall cause to be delivered to the Custodian all original documents and papers which are utilized in the creation and making of a Portfolio Loan, which documents shall include but not be limited to the Portfolio Loan promissory note, any instrument of mortgage or other Portfolio Loan collateral arrangements, any instruments of Portfolio Loan repayment guarantee or any document or documents which modify the terms and provisions of an existing Portfolio Loan (collectively "Loan Documents"). The Custodian shall provide a receipt to the Corporation for each set of Loan Documents received hereunder. Such Loan Documents shall be delivered to the Custodian by the Corporation within five (5) business days of each Portfolio Loan consummation. Each set of Loan Documents will be retained in the custody of the Custodian until such time as a Portfolio Loan to which such Loan Documents relate is paid off by the borrower thereof (or any guarantor) or is otherwise satisfied, at which time the Custodian shall deliver such Loan Documents to the borrower or other entitled entity or person. All Portfolio Loans delivered by the Corporation to the Custodian under this Agreement shall be originated in the manner and shall have the characteristics described in the Prospectus which relates to the public offer and sale of the Notes.

Deposit of Eligible Collateral. The Corporation shall cause to be delivered to the Custodian Trustee all original documents and papers which are utilized in the creation and making of a Portfolio Loan, which documents shall include but not be limited to the Portfolio Loan promissory note, any instrument of mortgage or other Portfolio Loan collateral arrangements, any instruments of Portfolio Loan repayment guarantee or any document or documents which modify the terms and provisions of an existing Portfolio Loan (collectively "“Loan Documents"”). The Custodian Trustee shall provide a receipt to the Corporation for each set of Loan Documents received hereunder. Such Loan Documents shall be delivered to the Custodian Trustee by the Corporation within five (5) business days of each Portfolio Loan consummation. Each set of Loan Documents will be retained in the custody of the Custodian Trustee until such time as a Portfolio Loan to which such Loan Documents relate is paid off by the borrower thereof (or any guarantor) or is otherwise satisfied, at which time the Custodian Trustee shall deliver such Loan Documents to the borrower or other entitled entity or person. All Portfolio Loans delivered by the Corporation to the Custodian Trustee under this Agreement shall be originated in the manner and shall have the characteristics described in the Prospectus which relates to the public offer and sale of the Notes.