MORTGAGE SERVICING RIGHTS PURCHASE AND SALE AGREEMENT by and between ONEWEST BANK, FSB (Seller) and OCWEN LOAN SERVICING, LLC A Wholly-Owned Subsidiary of Ocwen Mortgage Servicing, Inc. (Purchaser) Dated and effective as of June 13, 2013Mortgage Servicing Rights Purchase and Sale Agreement • June 13th, 2013 • Ocwen Financial Corp • Mortgage bankers & loan correspondents • New York
This Mortgage Servicing Rights Purchase and Sale Agreement (the “Agreement”), dated as of June 13, 2013, is by and between Ocwen Loan Servicing, LLC, a Delaware limited liability company (“Purchaser”), with offices located in 1661 Worthington Road, Centrepark West, West Palm Beach, Florida, 33409 and OneWest Bank, FSB, a federal savings bank (“Seller”), with offices located in 888 East Walnut Street, Pasadena, California 91101 (Purchaser and Seller may collectively be referred to as the “Parties,” and each as a “Party”).
GUARANTEEOcwen Financial Corp • June 13th, 2013 • Mortgage bankers & loan correspondents
This is a guarantee of payment and performance, and not of collection, and the Guarantor acknowledges and agrees that this guarantee is full and unconditional, and no release or extinguishment of Purchaser’s obligations or liabilities (other than in accordance with the terms of the Agreements), whether by decree in any bankruptcy proceeding or otherwise, shall affect the continuing validity and enforceability of this guarantee, as well as any provision requiring or contemplating performance by the Guarantor.
