Common use of CONTINUED SERVICING RESPONSIBILITIES OF SELLER OR SELLER’S SERVICER Clause in Contracts

CONTINUED SERVICING RESPONSIBILITIES OF SELLER OR SELLER’S SERVICER. Among other things, it is also the responsibility of the Seller/SERVICER to perform the following: · Pay real estate tax, hazard insurance that are due within 30 days of the Transfer Date (i.e. Transfer Date of July 15, 2011 R/E Tax xxxx due July 30, 2011 - to the extent Seller/Servicer has received a xxxx, this xxxx would be paid by Seller/Servicer prior to the Transfer Date). If a xxxx has not been received, a listing of such Loans must be provided to Purchaser including the due date, payment amount, and payee information. · Perform and submit required property inspections on any Mortgage Loan that has an inspection due to the Investor within 30 days of the Transfer Date (i.e. Transfer Date July 15, 2011, property inspection due to Investor on July 30, 2011 - this inspection would be performed by Seller/Servicer and submitted to Investor by July 15, 2011). · Collect applicable financial statements from the mortgagors and perform the appropriate operating statement analysis on each Mortgage Loan. · File UCC-3 Continuations in the appropriate jurisdictions. · Immediately notify and forward all funds or correspondence received by Seller/Servicer on the related Loans after the Transfer Date to Purchaser via recognizable overnight courier or fed funds wire transfer within 1 business day of receipt. · Prepare and report all tax information to the Internal Revenue Service and provide Borrowers with any and all tax information (i.e. Forms 1098 & 1099) through to the date of Transfer.

CONTINUED SERVICING RESPONSIBILITIES OF SELLER OR SELLER’S SERVICER. Among other things, it is also the responsibility of the Seller/SERVICER to perform the following: · Pay real estate tax, hazard insurance that are due within 30 days of the Transfer Date (i.e. Transfer Date of July 15, 2011 R/E Tax xxxx bxxx due July 30, 2011 - to the extent Seller/Servicer has received a xxxxbxxx, this xxxx bxxx would be paid by Seller/Servicer prior to the Transfer Date). If a xxxx bxxx has not been received, a listing of such Loans must be provided to Purchaser including the due date, payment amount, and payee information. · Perform and submit required property inspections on any Mortgage Loan that has an inspection due to the Investor within 30 days of the Transfer Date (i.e. Transfer Date July 15, 2011, property inspection due to Investor on July 30, 2011 - this inspection would be performed by Seller/Servicer and submitted to Investor by July 15, 2011). · Collect applicable financial statements from the mortgagors and perform the appropriate operating statement analysis on each Mortgage Loan. · File UCC-3 Continuations in the appropriate jurisdictions. · Immediately notify and forward all funds or correspondence received by Seller/Servicer on the related Loans after the Transfer Date to Purchaser via recognizable overnight courier or fed funds wire transfer within 1 business day of receipt. · Prepare and report all tax information to the Internal Revenue Service and provide Borrowers with any and all tax information (i.e. Forms 1098 & 1099) through to the date of Transfer.

CONTINUED SERVICING RESPONSIBILITIES OF SELLER OR SELLER’S SERVICER. Among other things, it is also the responsibility of the Seller/SERVICER to perform the following: · ● Pay real estate tax, hazard insurance that are due within 30 days of the Transfer Date (i.e. Transfer Date of July 15, 2011 R/E Tax xxxx due July 30, 2011 - to the extent Seller/Servicer has received a xxxx, this xxxx would be paid by Seller/Servicer prior to the Transfer Date). If a xxxx has not been received, a listing of such Loans must be provided to Purchaser including the due date, payment amount, and payee information. · ● Perform and submit required property inspections on any Mortgage Loan that has an inspection due to the Investor within 30 days of the Transfer Date (i.e. Transfer Date July 15, 2011, property inspection due to Investor on July 30, 2011 - this inspection would be performed by Seller/Servicer and submitted to Investor by July 15, 2011). · ● Collect applicable financial statements from the mortgagors and perform the appropriate operating statement analysis on each Mortgage Loan. · ● File UCC-3 Continuations in the appropriate jurisdictions. · ● Immediately notify and forward all funds or correspondence received by Seller/Servicer on the related Loans after the Transfer Date to Purchaser via recognizable overnight courier or fed funds wire transfer within 1 business day of receipt. · ● Prepare and report all tax information to the Internal Revenue Service and provide Borrowers with any and all tax information (i.e. Forms 1098 & 1099) through to the date of Transfer.