Sale and Conveyance of Mortgages Possession of Mortgage File The Seller does hereby sell, transfer, assign, set over and convey to the Purchaser, without recourse, representation or warranty (except as otherwise specifically set forth herein), subject to the rights of the holders of interests in any related Companion Loan, all of its right, title and interest in and to the Mortgage Loans secured by the Mortgaged Properties identified on Exhibit A to this Agreement (the “Mortgage Loan Schedule”) including all interest and principal received or receivable on or with respect to the Mortgage Loans after the Cut-Off Date (and, in any event, excluding payments of principal and interest and other amounts due and payable on the Mortgage Loans on or before the Cut-Off Date and excluding any Retained Defeasance Rights and Obligations with respect to the Mortgage Loans). If Buyer and the owner of the Personal Property are identical, then the Bill of Sale shall be returned to said party. Buyer shall also receive a Bill of Sale executed by the current owner of the Personal Property in form of Exhibit B, attached hereto. Company May Consolidate, etc., on Certain Terms.Ĭonveyance of Title Upon closing, Seller shall execute and deliver to Buyer a Patent, Grant Deed, or Quit Claim Deed conveying title to the Cabin/Home Site. Merger Sale Conveyance and Lease Section 11.1. Related to TITLE CONVEYANCE AND POSSESSION Title, Conservation and Disposition of REO Property.Sale and Conveyance of Mortgages Possession of Mortgage File.
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