Common use of Servicing generally Clause in Contracts

Servicing generally. (a) General Duties; Licensing. Acting directly or through one or more Sub-Servicers as provided in Section 2.14, the Servicer, as servicer, shall administer the Mortgage Loans with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to all comparable mortgage loans that it services for itself or others. The Servicer shall follow its customary standards, policies and procedures in performing its duties as Servicer, to the extent not in conflict with the provisions of this Agreement. Notwithstanding the appointment of any Sub-Servicer, the Servicer shall remain liable for the performance of all of the servicing obligations and responsibilities under this Agreement. The Servicer shall maintain all licenses and qualifications necessary under the laws of any jurisdiction where Mortgaged Properties are located for it to perform the servicing obligations hereunder legally. The Servicer shall cause any Sub-Servicer to maintain for it all licenses and qualifications necessary to perform its servicing obligations in the states where the Mortgaged Properties to which the applicable Sub-Servicing Agreement relates are located. The Servicer shall cooperate with the Issuer and the Indenture Trustee and furnish to the Issuer and the Indenture Trustee such information in its possession as may be necessary or otherwise reasonably requested to enable the Issuer and the Indenture Trustee to perform their respective tax reporting duties under the Indenture. The Issuer and the Indenture Trustee shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder.

Servicing generally. (a) General Duties; Licensing. Acting directly or through one or more Sub-Servicers as provided in Section 2.14, the Master Servicer, as servicer, shall administer the Mortgage Loans with reasonable care, using that degree of skill and attention that the Master Servicer exercises with respect to all comparable mortgage loans that it services for itself or others. The Master Servicer shall follow its customary standards, policies and procedures in performing its duties as Master Servicer, to the extent not in conflict with the provisions of this Agreement. Notwithstanding the appointment of any Sub-Servicer, the Master Servicer shall remain liable for the performance of all of the servicing obligations and responsibilities under this Agreement. The Master Servicer shall maintain all licenses and qualifications necessary under the laws of any jurisdiction where Mortgaged Properties are located for it to perform the servicing obligations hereunder legally. The Master Servicer shall cause any Sub-Servicer to maintain for it all licenses and qualifications necessary to perform its servicing obligations in the states where the Mortgaged Properties to which the applicable Sub-Servicing Agreement relates are located. The Master Servicer shall cooperate with the Issuer Depositor and the Indenture Trustee and furnish to the Issuer Depositor and the Indenture Trustee such information in its possession as may be necessary or otherwise reasonably requested to enable the Issuer Depositor and the Indenture Trustee to perform their respective tax reporting duties under the Indenture. The Issuer Depositor and the Indenture Trustee shall furnish the Master Servicer with any powers of attorney and other documents necessary or appropriate to enable the Master Servicer to carry out its servicing and administrative duties hereunder.

Servicing generally. (a) General Duties; Licensing. Acting directly or through one or more --------------------------- Sub-Servicers as provided in Section 2.14, the Servicer, as servicer, shall administer the Mortgage Home Loans with reasonable care, using that degree of skill and attention that the Servicer exercises with respect to all comparable mortgage home loans that it services for itself or othersothers and in conformance with standard industry practice for servicing of home loans similar to the Home Loans. The Servicer shall follow its customary standards, policies and procedures in performing its duties as Servicer, to the extent not in conflict with the provisions of this Agreement. Notwithstanding the appointment of any Sub-Servicer, the Servicer shall remain liable for the performance of all of the servicing obligations and responsibilities under this Agreement. The Servicer shall maintain all licenses and qualifications necessary under the laws of any jurisdiction where Mortgaged Properties are located for it to perform the servicing obligations hereunder legally. The Servicer shall cause any Sub-Servicer to maintain for it all licenses and qualifications necessary to perform its servicing obligations in the states where the Mortgaged Properties to which the applicable Sub-Servicing Agreement relates are located. The Servicer shall cooperate with the Issuer Issuer, the Indenture Trustee, and the Indenture Trustee Note Administrator and furnish to the Issuer Issuer, the Indenture Trustee, and the Indenture Trustee Note Administrator such information in its possession as may be necessary or otherwise reasonably requested to enable the Issuer Issuer, the Indenture Trustee, and the Indenture Trustee Note Administrator, to perform their respective tax reporting duties under the Indenture. The Issuer and the Indenture Trustee shall furnish the Servicer with any powers of attorney and other documents requested by the Servicer and the Master Servicer necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder, within 5 days of receipt of such request. The forms of such documents shall be appended to such requests.