No Additional Services. All costs, fees, and expenses incurred by the Qualified Originator in making or closing the MH Loan and the recording of the MH Loan were paid, and the Obligor is not entitled to any refund of any amounts paid or due under the MH Loan (other than lawful customary dealer or MHFC rebates conforming to the MH Underwriting Guidelines). The MH Loan is not subject to the performance of additional services by any Person, except with respect to MH Loans that represent not more than 1% of the aggregate Purchase Price of outstanding Transactions, and not more than 10% of the Market Value of such MH Loan, which amount shall be deposited in the designated Blocked Account, to be disbursed within sixty (60) days of the initial Purchase Date for such MH Loan pursuant to the Distribution Worksheet.
Appears in 2 contracts
Sources: Master Repurchase Agreement (Bingham Financial Services Corp), Master Repurchase Agreement (Bingham Financial Services Corp)