Common use of Liabilities of Mortgagors Clause in Contracts

Liabilities of Mortgagors. No obligation or ------------------------- liability of any Mortgagor under any of the Mortgage Loans is intended to be assumed by the Unaffiliated Seller, the Depositor, the Master Servicer, the Trust, the Trustee, the Back-Up Servicer, the Holder of any Certificate under or as a result of this Agreement and the transactions contemplated hereby and, to the maximum extent permitted and valid under mandatory provisions of law, the Unaffiliated Seller, the Master Servicer, the Back-Up Servicer, the Trustee and the Holders of each Trust Interest expressly disclaim such assumption.

Liabilities of Mortgagors. No obligation or liability ------------------------- liability of any Mortgagor under any of the Mortgage Loans is intended to be assumed by the Unaffiliated Seller, the Depositor, the Master Servicer, the Trust, the Trustee, the Back-Up Servicer, the Holder of any Certificate Trust Interest under or as a result of this Agreement and the transactions contemplated hereby and, to the maximum extent permitted and valid under mandatory provisions of law, the Unaffiliated Seller, the Master Servicer, the Back-Up Servicer, the Trustee and the Holders of each Trust Interest expressly disclaim such assumption.