Common use of Errors and Omissions Insurance Clause in Contracts

Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, Servicer shall cause to be delivered to Owner evidence of such bond and insurance policy.

Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan Loans to handle funds, money, documents and papers relating to the Mortgage LoanLoans. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such Persons and shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.10 requiring the errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Fxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, the Servicer shall cause to be delivered to Owner evidence a copy of the insurance policy and shall use reasonable efforts to obtain a statement from the surety and the insurer that such bond and insurance policypolicy shall in no event be terminated or materially modified without thirty (30) days prior written notice to Owner.

Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, the Servicer shall cause to be delivered to Owner evidence a copy of the insurance policy and shall use reasonable efforts to obtain a statement from the surety and the insurer that such bond and insurance policypolicy shall in no event be terminated or materially modified without thirty (30) days prior written notice to Owner.

Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac on all officers, employees or other persons acting personx xxxxng in any capacity anx xxxxxity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s 's Blanket Bond and shall protect and insure Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Xxxxxxx’ Fannie Mae Sellers' and Servicers’ ' Guide or by Xxxxxxx Mac Frexxxx Xac in the Xxxxxxx Frxxxxx Xxx Xxxxxxx’ ' and Servicer’s 's Guide. Upon request rxxxxxx of any Owner, Servicer shall cause Xxxxxxxx xxxxx xxuse to be delivered to Owner evidence of such bond and insurance policy.

Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac on all officers, employees or other persons acting perxxxx xcting in any capacity xxx xxpacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s 's Blanket Bond and shall protect and insure Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Xxxxxxx’ Fannie Mae Sellers' and Servicers’ ' Guide or by Xxxxxxx Xxxxxxe Mac in the Xxxxxxx Xxx Xxxxxxx’ Xxxxxrs' and Servicer’s 's Guide. Upon request Upox xxxxxst of any OwnerOwxxx, Servicer shall Xxxxxxxx xxxxx cause to be delivered to Owner evidence of such bond and insurance policy.

Errors and Omissions Insurance. Servicer The Seller shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan Loans to handle funds, money, documents and papers relating to the Mortgage LoanLoans. The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker’s 's Blanket Bond and shall protect and insure Servicer the Seller against losses, including forgery, theft, embezzlement embezzlement, fraud, errors and omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure Servicer the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 11.12 requiring the fidelity bond and errors and omissions insurance shall diminish or relieve Servicer the Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Servicing Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ ' and Servicer’s Servicers' Guide. Upon request of any Ownerthe Purchaser, Servicer the Seller shall cause to be delivered to Owner evidence the Purchaser a certified true copy of such the fidelity bond and insurance policypolicy and a statement from the surety and the insurer that such fidelity bond or insurance policy shall in no event be terminated or materially modified without thirty days' prior written notice to the Purchaser.

Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, the Servicer shall cause to be delivered to Owner evidence a copy of the insurance policy and shall use reasonable efforts to obtain a statement from the surety and the insurer that such bond and insurance policypolicy shall in no event be terminated or materially modified without thirty (30) days prior written notice to Owner.

Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan to handle funds, money, documents and papers relating to the Mortgage Loan. The errors and omissions insurance shall be in the form of the Mortgage Banker’s 's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring the errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ ' and Servicers’ ' Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ ' and Servicer’s 's Guide. Upon request of any Owner, the Servicer shall cause to be delivered to Owner evidence a copy of the insurance policy and shall use reasonable efforts to obtain a statement from the surety and the insurer that such bond and insurance policypolicy shall in no event be terminated or materially modified without thirty (30) days prior written notice to Owner.

Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan Loans to handle funds, money, documents and papers relating to the Mortgage LoanLoans. The errors and omissions insurance shall be in the form of the Mortgage Banker’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement and omissions and negligent acts of such Persons and shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.10 requiring the errors and omissions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Xxxxxxx’ and Servicers’ Guide or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx’ and Servicer’s Guide. Upon request of any Owner, the Servicer shall cause to be delivered to Owner evidence a copy of the insurance policy and shall use reasonable efforts to obtain a statement from the surety and the insurer that such bond and insurance policypolicy shall in no event be terminated or materially modified without thirty (30) days prior written notice to Owner.