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Document Preview Mortgage Loan Purchase and Warranties Agreement |
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Title: |
Mortgage Loan Purchase and Warranties Agreement |
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Date: |
2007 |
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Size: |
Preview shows 6KB of 259KB total |
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Price: |
$55 |
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ID: |
#2704128 |
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MORTGAGE LOAN PURCHASE AND WARRANTIES AGREEMENT
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MORGAN STANLEY MORTGAGE CAPITAL INC.,
Purchaser
SOVEREIGN BANK,
Seller
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Dated as of June 1, 2006
Conventional,
Fixed and Adjustable Rate
Residential Mortgage Loans
=======================================================================
{PAGE}
{TABLE}
{CAPTION}
TABLE OF CONTENTS
Page
----
{S} {C} {C}
SECTION 1. DEFINITIONS..................................................................................1
SECTION 2. AGREEMENT TO PURCHASE.......................................................................15
SECTION 3. MORTGAGE SCHEDULES..........................................................................15
SECTION 4. PURCHASE PRICE..............................................................................15
SECTION 5. EXAMINATION OF MORTGAGE FILES...............................................................16
SECTION 6. CONVEYANCE FROM SELLER TO PURCHASER.........................................................17
SECTION 7. SERVICING OF THE MORTGAGE LOANS.............................................................19
SECTION 8. [RESERVED]..................................................................................20
SECTION 9. REPRESENTATIONS, WARRANTIES AND COVENANTS OF THE SELLER; REMEDIES FOR BREACH................20
SECTION 10. CLOSING.....................................................................................40
SECTION 11. CLOSING DOCUMENTS...........................................................................41
SECTION 12. COSTS.......................................................................................42
SECTION 13. COOPERATION OF SELLER WITH A RECONSTITUTION.................................................42
SECTION 14. THE SELLER..................................................................................44
SECTION 15. FINANCIAL STATEMENTS........................................................................45
SECTION 16. MANDATORY DELIVERY; GRANT OF SECURITY INTEREST..............................................46
SECTION 17. NOTICES.....................................................................................46
SECTION 18. SEVERABILITY CLAUSE.........................................................................47
SECTION 19. COUNTERPARTS................................................................................47
SECTION 20. INTENTION OF THE PARTIES....................................................................47
SECTION 21. SUCCESSORS AND ASSIGNS; ASSIGNMENT OF PURCHASE AGREEMENT....................................48
SECTION 22. WAIVERS.....................................................................................48
-i-
{PAGE}
SECTION 23. EXHIBITS....................................................................................48
SECTION 24. GENERAL INTERPRETIVE PRINCIPLES.............................................................48
SECTION 25. REPRODUCTION OF DOCUMENTS...................................................................49
SECTION 26. FURTHER AGREEMENTS..........................................................................49
SECTION 27. RECORDATION OF ASSIGNMENTS OF MORTGAGE......................................................49
SECTION 28. NO SOLICITATION.............................................................................49
SECTION 29. WAIVER OF TRIAL BY JURY.....................................................................50
SECTION 30. GOVERNING LAW JURISDICTION; CONSENT TO SERVICE OF PROCESS...................................50
SECTION 31. AMENDMENT...................................................................................51
SECTION 32. CONFIDENTIALITY.............................................................................51
SECTION 33. ENTIRE AGREEMENT............................................................................51
SECTION 34. COMPLIANCE WITH REGULATION AB...............................................................51
EXHIBITS
EXHIBIT A-1 MORTGAGE LOAN DOCUMENTS
EXHIBIT A-2 CONTENTS OF EACH MORTGAGE FILE
EXHIBIT B FORM OF INDEMNIFICATION AND CONTRIBUTION AGREEMENT
EXHIBIT C FORM OF SELLER'S OFFICER'S CERTIFICATE
EXHIBIT D FORM OF OPINION OF COUNSEL TO THE SELLER
EXHIBIT E FORM OF SECURITY RELEASE CERTIFICATION
EXHIBIT F FORM OF SECURITY RELEASE CERTIFICATION
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