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Underlying Collateral

Secondary Market Investment Vehicle


Tangible
Promissory
Note
Security
Instrument
Intangible
Lender 2 Laws Local
UCC Article 3 Jurisdiction
Secondary Market
Custodian
Electronic
Mortgage
Package Transfer
(Certificate’s Collateral) Negotiation 4 of Note
Lien
Recordation (Lien Perfection)
Rights Investment Vehicle
Security Instrument
Pooling & Servicing Agreement

Promissory Security
Note Instrument
Lender 2 Laws Local
UCC Article 3 Jurisdiction
Secondary Market
Trustee
Electronic
Mortgage
Package Transfer
(Certificate’s Collateral) Negotiation 3 of Note
Lien
Recordation (Lien Perfection)
Rights Investment Vehicle
Security Instrument
Pooling & Servicing Agreement

Promissory Security
Note Instrument
Lender 2 Laws Local
UCC Article 3 Jurisdiction
Secondary Market
Depositor
Electronic
Mortgage
Package Transfer
(Certificate’s Collateral) Negotiation 2 of Note
Lien
Recordation (Lien Perfection)
Rights Investment Vehicle
Security Instrument
Pooling & Servicing Agreement

Promissory Security
Note Instrument
Lender 2 Laws Local
UCC Article 3 Jurisdiction Negotiation 1 of Note
Secondary Market
Recordation (Lien Perfection)
Securitizer
Security Instrument
Electronic
Mortgage
Package
(Certificate’s Collateral)

Collateral (Mortgage Package)


Conversion – Paper to Electronic

Promissory Security
Note Instrument
Lender 2
UCC Article 3 UCC Article 9

Security
Paper
Instrument
Promissory
Perfection
Note
Lender 1
Lender 1
Laws of Local
UCC Article 3
Jurisdiction

Copyright 2010 J.McGuire P O Box 1352, Bedford, Texas 76095-1352

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