Payment Collection. Continuously from the date hereof until the principal and interest on all Qualified Loans is paid in full, the Master Servicer will proceed diligently, in accordance with this Master Agreement, to (i) collect all payments due under each of the Qualified Loans it services when the same shall become due and payable, (ii) apply payments to Qualified Loans in accordance with the terms of the related Mortgage Notes, and (iii) determine and accept the amount required to pay a Qualified Loan in full, including interest to the next scheduled Due Date.
Appears in 4 contracts
Samples: Master Sale and Servicing Agreement (National Rural Utilities Cooperative Finance Corp /Dc/), Master Sale and Servicing Agreement (Federal Agricultural Mortgage Corp), Master Sale and Servicing Agreement (Federal Agricultural Mortgage Corp)
