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  • Right to Cure First Lien
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Common use of Right to Cure First Lien Clause in Contracts

Right to Cure First Lien. To the best of Responsible Party's knowledge, the related first lien mortgage does not contain a provision which prohibits such mortgagee from curing any default under the related first lien mortgage; and

Appears in 3 contracts

Sources: Pooling and Servicing Agreement (GSAMP Trust 2007-Nc1), Pooling and Servicing Agreement (GSAMP Trust 2006-Nc2), Pooling and Servicing Agreement (GS Mortgage Securities Corp GSAMP Trust 2004-Nc2)

Related Clauses

  • Borrower’s Right to Cure
  • Lender’s Right to Cure
  • Right to Cure
  • Right to Cure Defaults
  • Landlord’s Right to Cure Defaults

Parent Clauses

  • Representations and Warranties Regarding Individual Mortgage Loans
  • Representations Warranties and Covenants of the Seller Remedies for Breach
  • Credit Reporting; Gramm-Leach-Bliley Act
  • Fees Charges
  • Regulation AB Compliance; Intent of the Parties; Reasonableness

Sub-Clauses

  • Payments Current
  • Mortgage Loans as Described
  • Original Terms Unmodified
  • Collection Practices; Escrow Deposits; Interest Rate Adjustments
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