Common use of Assumption Fees Clause in Contracts

Assumption Fees. Subject to applicable law or regulation and the provisions of the related Mortgage Note, the Servicer may charge the Borrower and retain a reasonable and customary assumption fee. Such fee is receivable only from the Borrower directly and may not be withdrawn from any of the custodial accounts maintained hereunder.

Appears in 77 contracts

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-16 Trust), Master Guarantee Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar6 Trust)

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