ASSUMPTION OF DUTIES; STANDARD OF CARE. Throughout the Interim Period, Servicer shall observe and perform all warranties, representations, covenants and agreements with respect to the Mortgage Loans and the Servicing required to be observed and performed by Servicer under the Mortgage Loan. Servicer shall at all times service the Mortgage Loans in accordance with all applicable statutes, regulations, contractual provisions and prudent mortgage servicing practices, and shall exercise the same standard of care that it exercises in the servicing of mortgages for its own account. CMI grants to Servicer the right to exercise and enjoy all of the rights, powers and privileges currently granted to Servicer.
Appears in 5 contracts
Samples: Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Investors Trust, Series 2006-A2), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A1), Mortgage Servicing Purchase and Sale Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-Af1)
