Mortgage Loan Qualification Documents. Shall mean with respect to each Mortgage Loan, each of the following items: (a) The original Mortgage Loan Note, together with an original allonge to such Mortgage Loan Note duly executed in blank by the Borrower. (b) A duly executed, recorded and delivered Mortgage Assignment. (c) The original counterparts of the other Mortgage Loan Documents, or the original recorded counterpart upon return from recording or filing. (d) With respect to each Mortgage Loan, a favorable legal
... opinion of counsel to the Mortgage Loan Obligor qualified to practice in the state in which the Mortgage Loan Collateral is located, addressed to the Borrower, as to the enforceability of the Mortgage Loan Documents; provided, however that for Mortgage Loans outstanding on the date of this Agreement, no legal opinions of counsel shall be required if they were not obtained by Borrower in connection with closing such Mortgage Loans. -4- (e) The title policy (ALTA standard form) issued by a title company reasonably acceptable to Lender demonstrating that the Mortgage in favor of Borrower is a first lien on the real property described therein. (f) An appraisal or estimate of value, survey and surveyor certification for the Mortgage Loan Collateral, as required by Borrower's internal policies; provided, however, that for Mortgage Loans outstanding on the date of this Agreement, no survey or surveyor certification shall be required if they were not obtained by Borrower in connection with closing such Mortgage Loans. (g) The credit display, underwriting analysis or other documentation prepared by Borrower or Church Loan Advisors, Inc., or any other affiliate of Borrower upon which the decision of Borrower to make the Mortgage Loan was based. (h) An assignment in form and content acceptable to Lender by which the Mortgage Loan Qualification Documents and Mortgage Loan Documents are assigned to Lender.
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