Common use of Servicer’s Fees Clause in Contracts

Servicer’s Fees. The Servicer shall receive as compensation for all services performed hereunder an amount equal to1/12 of 0.3% of the principal balance of all Loans as of the end of each month. In the event that the Servicer is requested by the Manager to assist or perform specific functions in connection with the collection of delinquent Loan accounts, handling of problem Loans, review of loan documentation, renegotiation of Loans, or with the handling of foreclosure or other real estate owned, the Servicer shall receive reasonable compensation for supplemental fees and expenses as negotiated with the Manager on a case-by-case basis.