Obligations of Custodian. (a) Custodian shall maintain continuous custody of all items constituting the Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of Buyer therein. Each Mortgage Note and Credit Line Agreement, as applicable (and Assignment of Mortgage), shall be maintained in fire resistant facilities.
Appears in 3 contracts
Samples: Custodial and Disbursement (American Home Mortgage Investment Corp), Custodial and Disbursement Agreement (American Home Mortgage Investment Corp), Custodial and Disbursement Agreement (American Home Mortgage Investment Corp)
Obligations of Custodian. (a) Custodian shall maintain continuous custody of all items constituting the Mortgage Files in secure secure, fire resistant facilities in accordance with customary standards for such custody and shall reflect in its records the interest of Buyer Lender therein. Each Mortgage Note and Credit Line Agreement, as applicable (and Assignment of Mortgage), shall be maintained in fire resistant facilities.
Appears in 2 contracts
Samples: Custodial Agreement (Iron Bridge Mortgage Fund LLC), Custodial Agreement (Iron Bridge Mortgage Fund LLC)
Obligations of Custodian. (a) Custodian shall maintain continuous custody of all items constituting the Mortgage Files in secure facilities in accordance with customary standards for such custody and shall reflect in its records the interest of Buyer therein. Each Mortgage Note and Credit Line Agreement, as applicable (and Assignment of Mortgage), ) shall be maintained in fire resistant facilities.
Appears in 2 contracts
Samples: Custodial and Disbursement Agreement (American Home Mortgage Holdings Inc), Custodial and Disbursement Agreement (Oak Street Financial Services Inc)
