Required Closing Documents. The Closing Documents for the Mortgage Loans to be purchased on each Closing Date shall consist of fully executed originals of the following documents: (1) this Agreement (to be executed and delivered only for the initial Closing Date); (2) the related Mortgage Loan Schedule (to be attached to the related Assignment and Conveyance Agreement); (3) a Security Release Certification, if applicable, in the form of Exhibit C, executed by any person, as requested by the Purchaser, if any of the Mortgage Loans are subject to any security interest, pledge or hypothecation for the benefit of such Person; (4) the Assignment and Conveyance Agreement in the form of Exhibit D hereto, and all exhibits thereto; (5) the Purchase Price and Terms Agreement; (6) the Mortgage File for each of the Mortgage Loans; and (7) if applicable, a MERS Report reflecting the Purchaser as Investor, the Custodian as custodian and no Person as Interim Funder for each MERS Designated Mortgage Loan. The Seller shall bear the risk of loss of the Closing Documents until such time as they are received by the Purchaser or its attorneys.
Appears in 2 contracts
Sources: Mortgage Loan Purchase and Interim Servicing Agreement (Five Oaks Investment Corp.), Mortgage Loan Purchase Agreement (Sequoia Mortgage Trust 2013-1)