Subordination. It is expressly understood and agreed that all of s rights, title and interests in and to any Participated Mortgage Loan (including s servicing rights, if any) are subordinate and inferior to s Participation Interest in such Participated Mortgage Loan, from and after the Purchase Date for such Participated Mortgage Loan.
Except for the Participation Interest in such Participated Mortgage Loan, fromLoan and after the Purchase Date forany and all other rights, titles or interests of in or to such Participated Mortgage Loan.Loan and the related Mortgage Loan Documents: # is the sole direct, legal and beneficial owner of all rights, titles and interests in and to such Participated Mortgage Loan and the related Mortgage
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