Mortgage Loan Collateral

Mortgage Loan Collateral. Shall mean with respect to each Mortgage Loan, the real property, improvements, fixtures, personalty, insurance policies, accounts, escrows and any other collateral pledged by the Mortgage Loan Obligor (and, if applicable, by any guarantor of such Mortgage Loan) to Borrower as security for such Mortgage Loan (or applicable guaranty) pursuant to the applicable Mortgage and other Mortgage Loan Collateral Documents. Mortgage Loan Collateral shall not include Excluded Collateral.