Servicer to Service Mortgage Loans Sample Clauses

Servicer to Service Mortgage Loans. For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans, all in accordance with the terms of this Agreement, Customary Servicing Procedures, applicable law and the terms of the Mortgage Notes and Mortgages. In connection with such servicing and administration, the Servicer shall have full power and authority, acting alone and/or through Subservicers as provided in Section 3.02, to do or cause to be done any and all things that it may deem necessary or desirable in connection with such servicing and administration including, but not limited to, the power and authority, subject to the terms hereof, (a) to execute and deliver, on behalf of the Certificateholders and the Trustee, customary consents or waivers and other instruments and documents, (b) to consent, with respect to the Mortgage Loans it services, to transfers of any Mortgaged Property and assumptions of the Mortgage Notes and related Mortgages (but only in the manner provided in this Agreement), (c) to collect any Insurance Proceeds and other Liquidation Proceeds relating to the Mortgage Loans it services, and (d) to effectuate foreclosure or other conversion of the ownership of the Mortgaged Property securing any Mortgage Loan it services. The Servicer shall represent and protect the interests of the Trust in the same manner as it protects its own interests in mortgage loans in its own portfolio in any claim, proceeding or litigation regarding a Mortgage Loan and shall not make or permit any modification, waiver or amendment of any term of any Mortgage Loan, except as provided pursuant to Section 3.21. Without limiting the generality of the foregoing, the Servicer, in its own name or in the name of any Subservicer or the Depositor and the Trustee, is hereby authorized and empowered by the Depositor and the Trustee, when the Servicer or any Subservicer, as the case may be, believes it appropriate in its reasonable judgment, to execute and deliver, on behalf of the Trustee, the Depositor, the Certificateholders or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, and all other comparable instruments, with respect to the Mortgage Loans it services, and with respect to the related Mortgaged Properties held for the benefit of the Certificateholders. The Servicer shall prepare and deliver to the Depositor and/or the Trustee such documents requiring execution and delivery by either or both of...
Servicer to Service Mortgage Loans. Section 3.02 Subservicing; Enforcement of the Obligations of Servicer..... Section 3.03 Fidelity Bond; Errors and Omissions Insurance................ Section 3.04
Servicer to Service Mortgage Loans. (a) For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans in accordance with the terms of this Agreement and the respective Mortgage Loans and, to the extent consistent with such terms, in the same manner in which it services and administers similar mortgage loans for its own portfolio, giving due consideration to customary and usual standards of practice of mortgage lenders and loan servicers administering similar mortgage loans but without regard to:
Servicer to Service Mortgage Loans. Section 3.02 Subservicing Agreements between the Servicer and Subservicers................................................ Section 3.03
Servicer to Service Mortgage Loans. (a) For and on behalf of the Certificateholders, the Servicer shall service and administer the Mortgage Loans in accordance with the terms of this Agreement and the respective Mortgage Loans and, to the extent consistent with such terms, in accordance with Accepted Servicing Practices, but without regard to:
Servicer to Service Mortgage Loans. 52 Section 3.02 [Reserved]............................................................................53 Section 3.03 Rights of the Depositor and the Trustee in Respect of the Servicer....................53 Section 3.04 [Reserved]............................................................................53 Section 3.05 Trustee to Act as Servicer............................................................53 Section 3.06 Collection of Mortgage Loan Payments; Servicing Accounts; Collection Account; Certificate Account; Distribution Account.............................................53 Section 3.07 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...................56 Section 3.08 Access to Certain Documentation and Information Regarding the Mortgage Loans..........57 Section 3.09 Permitted Withdrawals from the Certificate Account and the Distribution Account...............................................................................57 Section 3.10 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies............59
Servicer to Service Mortgage Loans. 53 Section 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................54 Section 5.03. Successor Sub-Servicers..........................................................55 Section 5.04. Liability of the Servicer........................................................55 Section 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................55 Section 5.06. Termination of Sub-Servicing Agreement...........................................55 Section 5.07. Collection of Mortgage Loan Payments.............................................55 Section 5.08. Establishment of Collection Account; Deposit in Collection Account...............56 Section 5.09. Permitted Withdrawals from the Collection Account................................57 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................57 Section 5.12. Payment of Taxes, Insurance and Other Charges....................................58
Servicer to Service Mortgage Loans. 81 SECTION 3.02. Servicing and Subservicing; Enforcement of the Obligations of Servicer................................
Servicer to Service Mortgage Loans. Section 3.02 Subservicing Agreements Between the Servicer and Subservicers............................................ Section 3.03
Servicer to Service Mortgage Loans. 72 SECTION 3.02. Servicing and Subservicing; Enforcement of the Obligations of Servicer................................ 73