Common use of Fidelity Bond; Errors and Omissions Insurance Clause in Contracts

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy with responsible companies, with broad coverage of all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan who handle funds, money, documents or papers relating to the Mortgage Loan. The Fidelity Bond and 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, fraud, errors and omissions and negligent acts of its officers, employees and agents. Such Fidelity Bond 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 5.12 shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, at its own expense, a blanket Fidelity Bond and an errors and omissions insurance policy with responsible companies, with broad coverage of all officers, employees or other persons acting in any capacity with regard to the Mortgage Loan who handle funds, money, documents or papers relating to the Mortgage Loan. The Fidelity Bond and 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, fraud, errors and omissions and negligent acts of its officers, employees and agents. Such Fidelity Bond 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 5.12 shall diminish or relieve Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx Mae or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, The Servicer shall provide to the Seller with a certificate of insurance which certifies coverage of such Fidelity Bond and or errors and omissions insurance policy under this Section 5.12upon request.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Servicer in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Servicer by Xxxxxx Mae or Xxxxxxx Mac, money, documents or papers relating to if the Servicer were servicing the Mortgage LoanLoans for Xxxxxx Mae or Xxxxxxx Mac, and such policy shall be issued by a company that is acceptable to Xxxxxx Mae or Xxxxxxx Mac. 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 the Servicer against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond 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 5.12 4.13 requiring such fidelity bond and 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 Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Servicer in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Servicer by Fxxxxx Mae or Fxxxxxx Mac, money, documents or papers relating to if the Servicer were servicing the Mortgage LoanLoans for Fxxxxx Mae or Fxxxxxx Mac, and such policy shall be issued by a company that is acceptable to Fxxxxx Mae or Fxxxxxx Mac. 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 the Servicer against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond 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 5.12 4.13 requiring such fidelity bond and 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 Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Servicer in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Servicer by Xxxxxx Mae or Xxxxxxx Mac, money, documents or papers relating to if the Servicer were servicing the Mortgage LoanLoans for Xxxxxx Mae or Xxxxxxx Mac, and such policy shall be issued by a company that is acceptable to Xxxxxx Mae or Xxxxxxx Mac. 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 the Servicer against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond 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 satis-faction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 5.12 4.13 requiring such fidelity bond and errors and omis-sions insurance shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Company at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Company in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Company by Fannie Mae or Freddie Mac, moneyif the Company were servicing the Mortgagx Xxxxs for Faxxxx Xxe or Freddie Mac, documents and such policy shall be issued by a compxxx xxat is acxxxxxxxe to Fannie Mae or papers relating to the Mortgage LoanFreddie Mac. The Fidelity Bond and errors and omissions insurance shall be omissionx xxxxrance shxxx xx in the form of the Mortgage Banker's Blanket Bond and shall protect and insure Servicer the Company against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond shall also protect and insure Servicer the Company 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 5.12 4.13 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve Servicer the Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Company at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Company in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Company by Fannie Mae or Freddie Mac, moneyif the Company were servicing the Mortgagx Xxxxs for Faxxxx Xxe or Freddie Mac, documents and such policy shall be issued by a compaxx xxxt is acxxxxxxxe to Fannie Mae or papers relating to the Mortgage LoanFreddie Mac. The Fidelity Bond and errors and omissions insurance shall be xxxxrance sxxxx xx in the form of the Mortgage Banker's Blanket Bond and shall protect and insure Servicer the Company against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond shall also protect and insure Servicer the Company 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 5.12 4.13 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve Servicer the Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Company at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Company in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Company by Fannie Mae or Freddie Mac, moneyif the Company were servicing the Mortgxxx Xxans for Xxxxxx Mae or Freddie Mac, documents and such policy shall be issued by a comxxxx xhat is xxxxxxxble to Fannie Mae or papers relating to the Mortgage LoanFreddie Mac. The Fidelity Bond and errors and omissions insurance shall omissioxx xxsurance xxxxx be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure Servicer the Company against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond shall also protect and insure Servicer the Company 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 5.12 4.13 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve Servicer the Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Seller at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Seller in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Seller by Xxxxxx Mae or Xxxxxxx Mac, money, documents or papers relating to if the Seller were servicing the Mortgage LoanLoans for Xxxxxx Mae or Xxxxxxx Mac, and such policy shall be issued by a company that is acceptable to Xxxxxx Mae or Xxxxxxx Mac. The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure Servicer the Seller against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. 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 satis-faction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 5.12 4.13 requiring such fidelity bond and errors and omis-sions 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 Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Company at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Company in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Company by Fannie Mae or Freddie Mac, moneyif the Company were servicing the Mortgaxx Xxxnx xor Fannie Mae or Freddie Mac, documents and such policy shall be issued by a comxxxx xhxx is acceptable to Fannie Mae or papers relating to the Mortgage LoanFreddie Mac. The Fidelity Bond and errors and omissions insurance omissioxx xxxuxxxce shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure Servicer the Company against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. Such Fidelity Bond shall also protect and insure Servicer the Company 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 5.12 4.13 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve Servicer the Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.

Fidelity Bond; Errors and Omissions Insurance. Servicer shall maintain, The Seller at its own expense, expense shall maintain with responsible companies throughout the term of this Agreement a blanket Fidelity Bond fidelity bond and an errors and omissions insurance policy with responsible companiespolicy, with broad coverage of on all officers, employees or and other persons individuals acting on behalf of the Seller in any capacity connection with regard its activities under this Agreement. The amount of coverage shall be at least equal to the Mortgage Loan who handle fundscoverage that would be required of the Seller by Fxxxxx Mae or Fxxxxxx Mac, money, documents or papers relating to if the Seller were servicing the Mortgage LoanLoans for Fxxxxx Mae or Fxxxxxx Mac, and such policy shall be issued by a company that is acceptable to Fxxxxx Mae or Fxxxxxx Mac. 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 losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of its officers, employees and agentssuch individuals. 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 5.12 4.13 requiring such 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 Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by an Xxxxxx Xxx or Xxxxxxx Mac for an approved seller/servicer. Upon request of the Seller, Servicer shall provide to the Seller a certificate of insurance which certifies coverage of such Fidelity Bond and errors and omissions insurance policy under this Section 5.12.