Subsequent Contribution Agreement between Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust
What is this form?
The Subsequent Contribution Agreement is a legal document that outlines the terms under which Prudential Securities Secured Financing Corporation contributes subsequent mortgage loans to the ABFS Mortgage Loan Trust 1999-4. This agreement is tailored for transactions where additional mortgage loans are added to an existing pool, distinguishing it from standard loan agreements by ensuring compliance with previously established sale and servicing terms.
Key parts of this document
- Identification of parties involved: Prudential Securities Secured Financing Corporation and ABFS Mortgage Loan Trust 1999-4.
- Definitions and terms pertaining to the subsequent mortgage loans.
- Sale, assignment, and transfer of the mortgage loans and related assets.
- Representations and warranties regarding the subsequent mortgage loans.
- Amendment provisions for future changes to the agreement.
- Governing law and waiver of jury trial clauses.
When to use this form
This form should be used when Prudential Securities Secured Financing Corporation needs to formally transfer subsequent mortgage loans to the ABFS Mortgage Loan Trust 1999-4 as part of ongoing financial transactions. It is essential during the establishment of new mortgage pools or when adding to existing ones, ensuring that all legal frameworks are adhered to for proper servicing and payment collection.
Who can use this document
- Financial institutions looking to manage their mortgage loan portfolios.
- Trustees and trust managers involved in administering mortgage-backed securities.
- Lawyers working with clients in real estate or financial services.
- Accountants or auditors involved in the assurance of compliance within mortgage transactions.
Instructions for completing this form
- Identify the parties involved in the agreement and clearly state their roles.
- Specify the subsequent mortgage loans being transferred by referencing the attached schedule.
- Enter the dates pertinent to the agreement, including the subsequent transfer date.
- Provide details about any warranties and representations made regarding the mortgage loans.
- Ensure all parties sign the document to make it legally binding.
Is notarization required?
This form usually doesn’t need to be notarized. However, local laws or specific transactions may require it. Our online notarization service, powered by Notarize, lets you complete it remotely through a secure video session, available 24/7.
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
Download a copy, print it, send it by email, or mail it via USPS—whatever works best for your next step.
Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
Typical mistakes to avoid
- Failing to include the correct dates, which can invalidate the agreement.
- Not clearly identifying all parties involved in the transaction.
- Omitting pertinent details about the mortgage loans on the attached schedule.
- Neglecting to obtain necessary signatures, leaving the agreement unenforceable.
Why complete this form online
- Convenience of accessing and completing the form from any location.
- Ability to edit and customize the form as necessary before finalization.
- Increased reliability with professionally drafted templates ensuring legal compliance.
- Quick download options for immediate use in transactions.
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FAQ
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