Servicer Compensation. Compensation of Servicer shall be up to 3% annually of the loan amount of performing loans being serviced. Servicer’s compensation shall be paid on a monthly basis. Servicer shall only be compensated from payments received from Mortgagor. Servicer shall not be compensated for services during which payments by Mortgagor or assigns are not received. In addition to the Servicer’s compensation described above, any ancillary fees earned in connection with servicing, including, but not limited to, late fees, NSF fees, note modification fees, document provision fees, wire fees, fax fees and the like, shall be paid to Servicer.
Appears in 7 contracts
Samples: Note Servicing Agreement (Bridgewell Preferred Income, LP), Note Servicing Agreement (111 Crowdfunding LLC), Master Loan Servicing Agreement (Bridgewell Income Trust LLC)
