Advances for Repairs and Restoration. In the event that any Mortgaged Premises shall be damaged or destroyed, and if the Servicer fails to advance the funds necessary to repair or restore the damaged or destroyed Mortgaged Premises, then the Master Servicer shall advance such funds and take such other action as if necessary to repair or restore the damage or loss.
Appears in 2 contracts
Samples: Master Servicing Agreement (Fremont Mortgage Securities Corp), Master Servicing Agreement (Fremont Mortgage Securities Corp)
Advances for Repairs and Restoration. In the event that any ------------------------------------ Mortgaged Premises shall be damaged or destroyed, and if the Servicer fails to advance the funds necessary to repair or restore the damaged or destroyed Mortgaged Premises, then the Master Servicer shall advance such funds and take such other action as if necessary to repair or restore the damage or loss.
Appears in 2 contracts
Samples: Master Servicing Agreement (Fremont Mortgage Securities Corp), Master Servicing Agreement (National Mortgage Securities Corp)
Advances for Repairs and Restoration. In the event that any Mortgaged ------------------------------------ Premises shall be damaged or destroyed, and if the Servicer fails to advance the funds necessary to repair or restore the damaged or destroyed Mortgaged Premises, then the Master Servicer shall advance such funds and take such other action as if necessary to repair or restore the damage or loss.
Appears in 1 contract
Samples: Master Servicing Agreement (Southpoint Residential Mortgage Securities Corp)
