Notification of Adjustments. With respect to each Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 30 contracts
Samples: Pooling and Servicing Agreement, Pooling and Servicing Agreement (Home Equity Asset Trust 2005-2), Pooling and Servicing Agreement (Home Equity Asset Trust 2006-7)
Notification of Adjustments. With respect to each adjustable rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee Owner that such the Servicer has failed to adjust a Mortgage Interest Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Custodial Account from its own funds the amount of any interest loss or deferral caused the Trustee Owner thereby.
Appears in 12 contracts
Samples: Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust Inc., Series 2006-Ar3), Assignment, Assumption and Recognition Agreement (Citigroup Mortgage Loan Trust 2006-Ar9), Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2)
Notification of Adjustments. With respect to each Non-Designated Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (CSFB Home Equity Asset Trust 2004-8), Pooling and Servicing Agreement (CSFB Home Equity Pass-Through 2004-Aa1), Pooling and Servicing Agreement (Home Equity Asset Trust 2005-7)
Notification of Adjustments. With respect to each Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such the Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 9 contracts
Samples: Pooling and Servicing Agreement (Home Equity Pass Through Certificates Series 2002-4), Pooling and Servicing Agreement (Home Equity Pass Through Certificates Series 2003-3), Pooling and Servicing Agreement (CSFB Mortgage Sec Corp Home Eq Pass THR Certs Ser 2003-1)
Notification of Adjustments. With respect to each Adjustable Rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee Owner that such the Servicer has failed to adjust a Mortgage Interest Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Custodial Account from its own funds the amount of any interest loss or deferral caused the Trustee Owner thereby.
Appears in 6 contracts
Samples: Servicing Agreement (Banc of America Funding Corp), Servicing Agreement (Banc of America Funding 2006-5 Trust), Servicing Agreement (Banc of America Funding 2007-6 Trust)
Notification of Adjustments. With respect to each adjustable rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee Owner that such the Servicer has failed to adjust a Mortgage Interest Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Custodial Account from its own funds the amount of any interest loss or deferral caused the Trustee therebyOwner thereby without any reimbursement therefor.
Appears in 5 contracts
Samples: Servicing Agreement (HASCO Trust 2007-He2), Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2), Servicing Agreement (HSI Asset Securitization CORP Trust 2007-Nc1)
Notification of Adjustments. With respect to each Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such the Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mort Sec Corp Home Eq as Tr 03-5), Pooling and Servicing Agreement (CSFB Mortgage Pass-Thru Cert Series 2001-He17), Pooling and Servicing Agreement (CSFB Mortgage Pass Through Certificates Series 2001 He20)
Notification of Adjustments. With respect to each Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such the Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (CSFB Mortgage Pass Through Certificates Series 2001-He16), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (CSFB Abs Trust Series 2001 He12)
Notification of Adjustments. With respect to each Adjustable Rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee Investor that such the Servicer has failed to adjust a Mortgage Interest Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in remit to the Certificate Account Investor from its own funds the amount of any interest loss or deferral caused the Trustee Investor thereby.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Real Estate Investment Corp.)
Notification of Adjustments. With respect to each Adjustable Rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee Purchaser that such the Servicer has failed to adjust a Mortgage Interest Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Custodial Account from its own funds the amount of any interest loss or deferral caused the Trustee Purchaser thereby.
Appears in 1 contract
Samples: Sale and Servicing Agreement (Asset Backed Funding Corp)
Notification of Adjustments. With respect to each Adjustable Rate Mortgage Loan with an adjustable Mortgage RateLoan, the related Servicer shall adjust the Mortgage Interest Rate on the related Interest Rate Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Interest Rate and the Monthly Payment adjustments. Upon the discovery by the related Servicer Servicer, or the receipt of notice from Owner that the Trustee that such Servicer has failed to adjust a Mortgage Interest Rate in accordance with or a Monthly Payment pursuant to the terms of the related Mortgage NoteNote and Mortgage, that the Servicer shall immediately deposit in the Certificate Custodial Account from its own funds the amount of any interest loss or deferral caused the Trustee Owner thereby.
Appears in 1 contract
Samples: Servicing Agreement (Oak Street Financial Services Inc)
Notification of Adjustments. With respect to each Non-Designated Mortgage Loan with an adjustable Mortgage Rate, the related Servicer shall adjust the Mortgage Rate on the related Adjustment Date in compliance with the requirements of applicable law and the related Mortgage and Mortgage Note. The related Servicer shall execute and deliver any and all necessary notices required under applicable law and the terms of the related Mortgage Note and Mortgage regarding the Mortgage Rate adjustments. Upon the discovery by the related Servicer or the receipt of notice from the Trustee that such the Servicer has failed to adjust a Mortgage Rate in accordance with the terms of the related Mortgage Note, that the Servicer shall immediately deposit in the Certificate Account from its own funds the amount of any interest loss or deferral caused the Trustee thereby.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)
