Common Area Multiple Peril Insurance Deductible. Except as a greater amount may be required by applicable law, each Common Area Multiple Peril Insurance deductible may not exceed the lesser of (a) $10,000 or (b) one percent of the applicable amount of coverage.
Appears in 77 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008 -1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-7 Trust)
