Binding Obligation. Each Borrower Basic Document constitutes a legal, valid and binding obligation of the Borrower, enforceable against the Borrower in accordance with its respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Binding Obligation. Each Borrowerof the Basic DocumentDocuments to which it is a party constitutes a legal, valid and binding obligation of the Borrower,it, enforceable against the Borrowerit in accordance with its respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).

Binding Obligation. Each BorrowerServicer Basic Document constitutes a legal, valid and binding obligation of the Borrower,Servicer enforceable against the BorrowerServicer in accordance with its respective terms, except as such enforceability may be limited by Insolvency Laws and except as such enforceability may be limited by general principles of equity (whether considered in a suit at law or in equity).