Common use of Payments in full Clause in Contracts

Payments in full. The Sales/Servicing Agreement requires that upon the payment-in-full of any Mortgage Loan, the Servicer shall deposit the proceeds thereof in the appropriate Custodial P & I Account maintained by the Servicer, and prepare and deliver to the Master Servicer with respect to the Security Instrument which secures the Note, a request for reconveyance, deed or conveyance or release or satisfaction of the Security Instrument or other appropriate instrument releasing the Mortgaged Premises from the lien represented by the Security Instrument. Upon receipt of the certificate (RMIC Form 340) as required by the Sales/Servicing Agreement, the Master Servicer shall deliver such certificate to the Trustee, together with a certificate of a Servicing Officer setting forth the Master Servicer’s recommendations as to what action should be taken by the Trustee in respect of such documents. In the event the Trustee Mortgage Loan File with respect to such Mortgage Loan is released, the Trustee or its agent shall send such Trustee Mortgage Loan File to the Servicer for recordation of the mortgage release or satisfaction in the proper recording office.

Payments in full. The Sales/Servicing Agreement requires that upon the ---------------- payment-in-full of any Mortgage Loan, the Servicer shall deposit the proceeds thereof in the appropriate Custodial P & I Account maintained by the Servicer, and prepare and deliver to the Master Servicer with respect to the Security Instrument which secures the Note, a request for reconveyance, deed or conveyance or release or satisfaction of the Security Instrument or other appropriate instrument releasing the Mortgaged Premises from the lien represented by the Security Instrument. Upon receipt of the certificate (RMIC Form 340) as required by the Sales/Servicing Agreement, the Master Servicer shall deliver such certificate to the Trustee, together with a certificate of a Servicing Officer setting forth the Master Servicer’s 's recommendations as to what action should be taken by the Trustee in respect of such documents. In the event the Trustee Mortgage Loan File with respect to such Mortgage Loan is released, the Trustee or its agent shall send such Trustee Mortgage Loan File to the Servicer for recordation of the mortgage release or satisfaction in the proper recording office.

Payments in full. The Sales/Servicing Agreement requires that upon ---------------- the payment-in-full of any Mortgage Loan, the Servicer shall deposit the proceeds thereof in the appropriate Custodial P & I Account maintained by the Servicer, and prepare and deliver to the Master Servicer with respect to the Security Instrument which secures the Note, a request for reconveyance, deed or conveyance or release or satisfaction of the Security Instrument or other appropriate instrument releasing the Mortgaged Premises from the lien represented by the Security Instrument. Upon receipt of the certificate (RMIC Form 340) as required by the Sales/Servicing Agreement, the Master Servicer shall deliver such certificate to the Trustee, together with a certificate of a Servicing Officer setting forth the Master Servicer’s 's recommendations as to what action should be taken by the Trustee in respect of such documents. In the event the Trustee Mortgage Loan File with respect to such Mortgage Loan is released, the Trustee or its agent shall send such Trustee Mortgage Loan File to the Servicer for recordation of the mortgage release or satisfaction in the proper recording office.