Purchase Date; Notices. The Purchase of Mortgage Loans hereunder shall take place on a Purchase Date arranged between the Servicer and Mortgage Lender consistent with paragraphs (b), (f) and (h) of this Section. All notices to FHA, VA, USDA Rural Development, or the PMI Insurer which are required to be given under applicable FHA, VA, USDA Rural Development, or the PMI Insurer requirements shall be given by the Mortgage Lender prior to Purchase. The Mortgage Lender shall also notify the Mortgagor in writing within ten (10) days of Purchase (with a copy to the Servicer) that checks, money orders or other remittances in payment of the Mortgage Loan must be paid to the order of the Servicer following Purchase of the Mortgage Loan.
Appears in 5 contracts
Samples: Mortgage Origination Agreement, Mortgage Origination Agreement, Mortgage Origination Agreement
