Ownership. ​ is the sole owner of record and holder of the Mortgage Loan and the indebtedness evidenced by each Mortgage Note and upon the sale of the Mortgage Loans to ​, ​ will retain the Mortgage Files or any part thereof with respect thereto not delivered to the Custodian, ​ or ​’s designee, in trust only for the purpose of servicing and supervising the servicing of each Mortgage Loan. The Mortgage Loan is not assigned or pledged, and ​ has good, indefeasible and marketable title thereto, and has full right to transfer and sell the Mortgage Loan to ​ free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest, and has full right and authority subject to no interest or participation of, or agreement with, any other party, to sell and assign each Mortgage Loan (and with respect to any Co-op Loan, the sole owner of the related Assignment of Proprietary Lease) pursuant to this Agreement and following the sale of each Mortgage Loan, ​ will own such Mortgage Loan free and clear of any encumbrance, equity, participation interest, lien, pledge, charge, claim or security interest. ​ intends to relinquish all rights to possess, control and monitor the Mortgage Loan.