Common use of Recorded intervening assignments Clause in Contracts

Recorded intervening assignments. The Assignments must indicate that the chain of assignments is complete and that all assignments have been recorded from the original mortgagee on the security instrument to the Seller/Servicer. Upon a transfer of servicing or a transfer of custody, if the original assignments to ▇▇▇▇▇▇▇ Mac were recorded, the Assignments must indicate that the chain of assignments is complete and that all assignments have been recorded from the original mortgagee on the security instrument to ▇▇▇▇▇▇▇ Mac. If a recorder's office has not returned the recorded assignment by the time the Seller/Servicer delivers required documentation to the Custodian, the Seller/Servicer may deliver to the Custodian a certified copy of the assignment sent for recordation. The original recorded assignment must then be promptly delivered to the Custodian after the Seller/Servicer receives the recorded assignment from the recorder's office. If a jurisdiction does not accept assignments of the security instrument for recordation, the Seller/ Servicer must so indicate in an affidavit delivered to the Custodian with the unrecorded intervening assignment.

Appears in 2 contracts

Sources: Custodial Agreement, Custodial Agreement

Recorded intervening assignments. The Assignments must indicate that the chain of assignments is complete and that all assignments have been recorded from the original mortgagee on the security instrument to the Seller/Servicer. Upon a transfer of servicing or a transfer of custody, if the original assignments to ▇▇▇▇▇▇▇ Mac ▇▇▇ were recorded, the Assignments must indicate that the chain of assignments is complete and that all assignments have been recorded from the original mortgagee on the security instrument to ▇▇▇▇▇▇▇ Mac▇▇▇. If a recorder's office has not returned the recorded assignment by the time the Seller/Servicer delivers required documentation to the Custodian, the Seller/Servicer may deliver to the Custodian a certified copy of the assignment sent for recordation. The original recorded assignment must then be promptly delivered to the Custodian after the Seller/Servicer Seller/▇▇▇▇▇▇▇▇ receives the recorded assignment from the recorder's office. If a jurisdiction does not accept assignments of the security instrument for recordation, the Seller/ Servicer must so indicate in an affidavit delivered to the Custodian with the unrecorded intervening assignment.

Appears in 1 contract

Sources: Custodial Agreement