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<br />. <br /> <br />. <br /> <br />. <br />. <br /> <br />. <br />. <br /> <br />"fI"'-""'o"'I"';;', <br /> <br />(1) An attorney's opinion to .,be. ,addressed to the Agency stating <br />that such Condomin ium Project is in compl iance with Federal Helme Loan Mortgage <br />Corporation ("FHLMC") requirements regarding covenants, conditions and <br />restrictions for condominiums, the form of such opinion to be substantially as <br />attached to the Mortgage Loan Purchase Agreement; <br /> <br />(2) A copy of a final Subdivision Report for the Condominium <br />Project issued by the Department of Real Estate of the State of California; <br /> <br />and, prior to funding a Mortgage Loan, the Trustee shall have received with <br />respect to the Residence securing repayment of such Mortgage Loan: <br /> <br />. (a) A certificate of occupancy or its equivalent issued by <br />the City verifying that the Condominium Project within which such Residence is <br />located has been finally inspected by the City and is released for occupancy; <br />and <br /> <br />(b) A certificate from the Developer of the Condominium <br />Project setting forth the then replacement cost of construction of the <br />Residence. <br /> <br />(E) With respect to the purchase of Mortgage Loans, upon receipt by the <br />Trustee of all documentation required to be delivered by the applicable <br />Mortgage Loan Purchase Agreement, including: <br /> <br />(1) A Requisition identifying (i) the Mortgagor, the Mortgage and <br />the Residence subject to the lien of the Mortgage, (ii) the amount of such <br />payment, (iii) the Qualified Mortgage Lender to whom payment'is to be made for <br />the purchase of the Mortgage Loan pursuant to a Mortgage Loan Purchase <br />Agreement, (iv) statement of compliance with the covenants contained in <br />subsection (N) of this Section 801, (v) the estimated date on which such <br />payment is to be made, which date shall be the next to the last business day <br />of the week; and (vi) the date on which such payment is to be made; <br /> <br />(2) The original promissory note secured by the lien of the <br />Mortgage identified in the Requis ition, duly executed by the Mortgagor and <br />endorsed by the Qualified Mortgage Lender to the Trustee, on behalf of the <br />Agency, together with a copy of such Mortgage, and a duly acknowledged <br />assignment of such Mortgage executed by the Qualified Mortgage Lender to the <br />Trustee, on behalf of the Agency, such Mortgage and assignment to be either <br />(i) duly certified, as true and correct copi es and sett ing forth the <br />respective recording dates and instrument numbers, by the office of the County <br />Recorder of the County of Orange, California, or by the escrow company <br />handling the sales escrow for the applicable Residence, or (ii) accompanied by <br />irrevocable instructions of the Qualified Mortgage Lender authorizing the <br />Trustee so to record the assignment upon payment to the Qualified Mortgage <br />Lender of the purchase price of the Mortgage Loan; <br /> <br />(3) A Mortgage Insurance certificate duly endorsed and in the <br />usual form stating that the Mortgage Loan is, or a firm coTTl11itment in the <br />usual form assuring that payment of the Mortgage Loan will be, insured or <br />guaranteed, in whole or in part, by a Mortgage Insurer and naming the Trustee <br />as beneficiary of such Mortgage Insurance; <br /> <br />40 <br />