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201006336
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201006336
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Last modified
1/11/2011 2:32:23 PM
Creation date
9/3/2010 3:19:54 PM
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DEEDS
Inst Number
201006336
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201006330 <br />(1) The modification or re-recording of a Mortgage or Deed of Trust, where said modifcation or <br />re-recording is for the purpose of correcting the Mortgage or Deed of Trust to conform same to <br />the original intent of the parties thereto, to correct title errors discovered after such title insurance <br />was issued; provided that (1) said modification or re-recording, in either instance, does not <br />adversely affect the lien of the Mortgage or Deed of Trust as insured and (2) otherwise conforms <br />to the provisions of the Agreements. <br />(2) The subordination of the lien of a Mortgage or Deed of Trust to an easement in favor of a <br />public utility company or a government agency or unit with powers of eminent domain; this <br />section "shall include; without limitation, the execution of partial satisfactions/releases, partial <br />reconveyances or the execution of requests to trustees to accomplish same, or the subordination <br />of the lien of a Mortgage or Deed of Trust to a lease of said property for oil or mineral <br />development where (1) such lease does not adversely affect the lien of the Mortgage or Deed of <br />Trust as insured (2) such lease is customary in the area, (3) exercise of such lease will not have a <br />material effect on the value of the property, prevent the use of the property as a residence, or <br />expose the residents to serious health or safety hazards and (4) otherwise conforms to the <br />provisions of the Agreements. <br />(3) The conveyance of the properties to the mortgage insurer, or the closing of the title to the <br />property to be acquired as real estate owned, or conveyance of title to real estate owned. <br />(~) The completion of loan assumption agreements. <br />(5) The full satisfaction/release of a Mortgage or Deed of Trust or full conveyance upon <br />discharge by payment or other satisfaction of all sums secured thereby, including, without <br />limitation, cancellation of the related Mortgage Note. <br />(6) The assignment of any Mortgage or Deed of Trust and the related Mortgage Nate, in <br />connection with the repurchase of the mortgage loan secured and evidenced thereby. <br />(7) The full assignment of a Mortgage or Deed of Trust upon payment and discharge of all sums <br />secured thereby in conjunction with the refinancing thereof, including, without limitation, the <br />assignment of the related Mortgage Note. <br />(8) With respect to a Mortgage or Deed of Trust, the foreclosure, the taking of a deed in lieu of <br />foreclosure, or the completion of judicial or non judicial foreclosure or termination, cancellation <br />or rescission of any such foreclosure, or sale, including, without limitation, any and all of the <br />following acts: <br />a. the substitution of trustee(s) serving under a Deed of Trust, in accordance with <br />state law and the Deed of Trust; <br />b. the preparation and issuance of statements of breach or non-performance; <br />c. the preparation and filing of notices of default and/or notices of sale; <br />d. the cancellation/rescissian of notices of default and/or notices of sale; <br />e. the taking of a deed in lieu of foreclosure; and <br />Inv. 323 -Popular ABS, Inc. 2007-A <br />
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