Pooling and Servicing Agr. btwn IMPAC Secured Assets Corporation, IMAC Funding Corporation and Northwest Bank Minnesota, National Association dated Dec. 1, 1999. 142 pages
Montgomery Maryland Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. It outlines the terms and conditions for pooling and servicing certain assets, typically mortgage loans, and establishes the responsibilities and rights of each party involved. In this specific agreement, IMPACT Secured Assets Corp. acts as the loan seller or issuer, iMac Funding Corp. serves as the depositor or entity that transfers the loans to a trust, and Northwest Bank Minnesota, National Assoc. Is the trustee or the entity responsible for holding and administering the assets on behalf of the investors. The Montgomery Maryland Pooling and Servicing Agreement governs various aspects of the mortgage loans, including the terms of repayment, interest rates, loan defaults, loan servicing, and distribution of cash flows. It also defines the rights and obligations of each party in case of loan defaults or other unforeseen circumstances. Additionally, there can be different types or variations of the Montgomery Maryland Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. These variations may include specific terms tailored to different loan portfolios, such as residential mortgages, commercial mortgages, or government-backed loans. Keywords: Montgomery Maryland Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., loan seller, depositor, trustee, mortgage loans, repayment terms, interest rates, loan defaults, loan servicing, cash flow distribution, variations, residential mortgages, commercial mortgages, government-backed loans.
Montgomery Maryland Pooling and Servicing Agreement is a legal contract between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. It outlines the terms and conditions for pooling and servicing certain assets, typically mortgage loans, and establishes the responsibilities and rights of each party involved. In this specific agreement, IMPACT Secured Assets Corp. acts as the loan seller or issuer, iMac Funding Corp. serves as the depositor or entity that transfers the loans to a trust, and Northwest Bank Minnesota, National Assoc. Is the trustee or the entity responsible for holding and administering the assets on behalf of the investors. The Montgomery Maryland Pooling and Servicing Agreement governs various aspects of the mortgage loans, including the terms of repayment, interest rates, loan defaults, loan servicing, and distribution of cash flows. It also defines the rights and obligations of each party in case of loan defaults or other unforeseen circumstances. Additionally, there can be different types or variations of the Montgomery Maryland Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. These variations may include specific terms tailored to different loan portfolios, such as residential mortgages, commercial mortgages, or government-backed loans. Keywords: Montgomery Maryland Pooling and Servicing Agreement, IMPACT Secured Assets Corp., iMac Funding Corp., Northwest Bank Minnesota, National Assoc., loan seller, depositor, trustee, mortgage loans, repayment terms, interest rates, loan defaults, loan servicing, cash flow distribution, variations, residential mortgages, commercial mortgages, government-backed loans.