Common use of Servicing Record Clause in Contracts

Servicing Record. (a) The Master Servicer shall establish and maintain books and records for the Home Loans (the "Servicing Record"), in which the Master Servicer shall record: (i) all Payments received or collected by or on behalf of the Master Servicer (through the Servicer or otherwise) or received by the Indenture Trustee in respect of each Home Loan and each Foreclosed Property and (ii) all amounts owing to the Master Servicer in compensation for services rendered by the Master Servicer hereunder or in reimbursement of costs and expenses incurred by the Master Servicer hereunder. In addition, the Master Servicer shall establish and maintain records for the Insurance Record (which shall be part of each Servicing Record) in which the Master Servicer

Servicing Record. (a) The Master Servicer shall establish and maintain books and records for the Home Loans (the "Servicing Record"), in which the Master Servicer shall record: (i) all Payments received or collected by or on behalf of the Master Servicer (through the Servicer or otherwise) or received by the Indenture Trustee in respect of each Home Loan and each Foreclosed Property and (ii) all amounts owing to the Master Servicer in compensation for 58 63 services rendered by the Master Servicer hereunder or in reimbursement of costs and expenses incurred by the Master Servicer hereunder. In addition, the Master Servicer shall establish and maintain records for the Insurance Record (which shall be part of each Servicing Record) in which the Master ServicerServicer shall record all claims made under the Contract of Insurance, all payments received by or on behalf of the Contract of Insurance Holder from the FHA for each such claim and the amount of insurance coverage available in the Insurance Record.

Servicing Record. (a) The Master Servicer shall establish and maintain books and records for the Home Loans each Loan Group, (the each, a "Servicing Record"), ) in which the Master Servicer shall recordrecord by Loan Group: (i) all Payments received or collected by or on behalf of the Master Servicer (through the Servicer or otherwise) or received by the Indenture Trustee in respect of each Home Loan and each Foreclosed Property and (ii) all amounts owing to the Master Servicer in compensation for services rendered by the Master Servicer hereunder or in reimbursement of costs and expenses incurred by the Master Servicer hereunder. In addition, the Master Servicer shall establish and maintain records for the Insurance Record (which shall be part of each Servicing Record) in which the Master ServicerServicer shall record all claims made under the Contract of Insurance, all payments received by or on behalf of the Contract of Insurance Holder from the FHA for each such claim and the amount of insurance coverage available in the Insurance Record.