Common use of Collection of Payments Clause in Contracts

Collection of Payments. Servicer will act as agent for Payee and/or Payor for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor before or after the payment due date unless the Servicer has received appropriate evidence from Payee stating that Notice according to the Documents Deposited has been given to the Payor starting forfeiture, foreclosure, or other legal action against Payor. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed or required by applicable law, payments will be applied in the following order, 1) servicing fees,

Collection of Payments. Servicer will act as agent for Payee and/or Payor for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor before or after the payment due date unless the Servicer has received appropriate evidence from Payee stating that Notice according to the Documents Deposited has been given to the Payor starting forfeiture, foreclosure, or other legal action against Payor. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed by the Documents Deposited or required by applicable law, payments will be applied in the following order, 1) servicing feesinterest, 2) principal, 3) escrow (if applicable),

Collection of Payments. Servicer will act as agent for Payee and/or Payor Xxxxxx and for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor Borrower before or after the payment due date unless the Servicer has received appropriate evidence from Payee Borrower stating that Notice according to the Documents Deposited has been given to the Payor Lender starting forfeiture, foreclosure, or other legal action against PayorLender. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed by the Documents Deposited or required by applicable law, payments will be applied in the following order, 1) interest, 2) principal, 3) escrow (if applicable), 4) servicing fees,, and 5) late charges. Payments will be applied to the next payment due even if amount received is less than the scheduled payment amount.

Collection of Payments. Servicer will act as agent for Payee and/or Payor for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor before or after the payment due date unless the Servicer has received appropriate evidence from Payee stating that Notice according to the Documents Deposited has been given to the Payor starting forfeiture, foreclosure, or other legal action against Payor. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed by the Documents Deposited or required by applicable law, payments will be applied in the following order, 1) interest, 2) principal, 3) escrow (if applicable), 4) servicing fees,, and 5) late charges. Payments will be applied to the next payment due even if amount received is less than the scheduled payment amount.

Collection of Payments. Servicer will act as agent for Payee and/or Payor Lender and for the limited purpose of accepting, recording, and distributing payments detailed in this Agreement. Servicer will accept all payments made by Payor Borrower before or after the payment due date unless the Servicer has received appropriate evidence from Payee Borrower stating that Notice according to the Documents Deposited has been given to the Payor Lender starting forfeiture, foreclosure, or other legal action against PayorLender. Payments will not be processed on Saturdays, Sundays, and posted Servicer holidays. Servicer shall not be responsible for delays due to Acts of God or other causes outside the control of Servicer. Unless otherwise instructed by the Documents Deposited or required by applicable law, payments will be applied in the following order, 1) interest, 2) principal, 3) escrow (if applicable), 4) servicing fees,, and 5) late charges. Payments will be applied to the next payment due even if amount received is less than the scheduled payment amount.