IMAGED to a “Transferable Record”

ESIGN – UETA

Mortgage Package
(Transferable Record)
REGISTERED
MERS SYSTEM
Transferable Record Transferable Record Transferable Record Transferable Record
MIN # 18 Digit
Transaction #1 Transaction #2 Transaction #3 Transaction #4
Obligee 1 Obligee 2 Obligee 3 Obligee 4
To Obligee 2 To Obligee 3 To Obligee 4 To Obligee 5
Originator
Obligor
Paper Tangible
Negotiable Instrument
(Obligee 1)
Security Instrument
MERS as Nominee

System/Purchase
System/Purchase

System/Purchase

System/Purchase
System/Offering

System/Offering

System/Offering

System/Offering

Updates MERS
Updates MERS

Updates MERS

Updates MERS

Updates MERS

Updates MERS

Updates MERS

Updates MERS

Obligee 5
Obligee 2

Obligee 3

Obligee 4
Obligee 1

Obligee 2

Obligee 3

Obligee 4
Security Instrument
Filed of Record
For Perfection

Security Instrument
Returned To
Originator/Agent

Original Paper Tangible

“MERS Registry Update” “MERS Registry Update” “MERS Registry Update” “MERS Registry Update”
Vaulted or Destroyed
Ownership of Transferable Ownership of Transferable Ownership of Transferable Ownership of Transferable
Obligor Record transferred from Record transferred from Record transferred from Record transferred from
Obligee 1 To Obligee 2 Obligee 2 To Obligee 3 Obligee 3 To Obligee 4 Obligee 4 To Obligee 5
Paper Tangible
Negotiable Instrument
Custodian Control Custodian Control Custodian Control Custodian Control
(Obligee 1)
Transferred from Transferred from Transferred from Transferred from
Security Instrument
Obligee 1 to Obligee 2 Obligee 2 to Obligee 3 Obligee 3 to Obligee 4 Obligee 4 to Obligee 5
MERS as Nominee
Originator Seller/Securitizer Depositor Trustee
Florida Mortgage Bankers
To To To To
Florida Supreme Court
Seller/Securitizer Depositor Trustee Trust
(DESTROYED)

Original Documents Retrieved from Custodian for Legal Proceedings if Existing – Else: Lost Note Affidavits