Contract for Servicing Sample Clauses

Contract for Servicing. 14 2.02 [Reserved.].....................................................14 2.03

Contract for Servicing. Possession of ------------------------------------- Servicing Files. --------------- From time to time, the Owner, by execution and delivery of the related Acknowledgment Agreement, in the form attached hereto as Exhibit B, and the related Mortgage Loan Schedule, does hereby contract with the Servicer, subject to the terms of this Agreement, for the servicing of the Mortgage Loans. The Servicer has in its possession the Servicing Files with respect to the Mortgage Loans listed on the related Mortgage Loan Schedule and the Servicer shall hold the Servicing Files in trust for the Owner pursuant to this Agreement. Each Servicing File shall be held by the Servicer in order to service the Mortgage Loans pursuant to this Agreement and are and shall be held in trust by the Servicer for the benefit of the Owner as the owner thereof. The Servicer's possession of any portion of the Mortgage Loan documents shall be at the will of the Owner for the sole purpose of facilitating servicing of the related Mortgage Loan pursuant to this Agreement, and such retention and possession by the Servicer shall be in a custodial capacity only. The ownership of each Mortgage Note, Mortgage, and the contents of the Servicing File shall be vested in the Owner and the ownership of all records and documents with respect to the related Mortgage Loan prepared by or which come into the possession of the Servicer shall immediately vest in the Owner and shall be retained and maintained, in trust, by the Servicer at the will of the Owner in such custodial capacity only. The portion of each Servicing File retained by the Servicer pursuant to this Agreement shall be segregated from the other books and records of the Servicer and shall be appropriately marked to clearly reflect the ownership of the related Mortgage Loan by the Owner. The Servicer shall release from its custody the contents of any Servicing File retained by it only in accordance with this Agreement.

Contract for Servicing. The Corporation hereby contracts with the Servicer exclusively to perform the servicing of all Mortgage Loans originated or otherwise acquired by it on or after August 1, 1998 (or an earlier date mutually agreeable to the Servicer and the Corporation), that are not sold by the Corporation on a servicing released basis, in accordance with this Agreement, which Mortgage Loans shall be identified on Mortgage Loan Schedules delivered by the Corporation to the Servicer from time to time. Each Owner of Mortgage Loans, by executing a counterpart hereof or otherwise affirmatively adopting this Agreement, affirms its retention of Servicer to perform such servicing on the terms and conditions set forth herein. The Corporation agrees to encourage purchasers of loans sold by it on a servicing released basis to retain Servicer to service such Mortgage Loans.

Contract for Servicing. (a) Each Servicer, by execution and delivery of this Agreement, agrees to service the Mortgage Loans pursuant to this Agreement and in all cases in accordance with Accepted Servicing Practices and Accepted Special Servicing Practices, as applicable. (b) Any funds received on or in connection with a Mortgage Loan by a Servicer shall be received and held by such Servicer in accordance with this Agreement and pursuant to Accepted Servicing Practices or Accepted Special Servicing Practices, as applicable, for the benefit of the Bondholders and the related Mortgagor as their respective interests may appear and as provided in this Agreement.

Contract for Servicing. (a) Each Servicer, by execution and delivery of this Servicing Agreement, agrees to service the Mortgage Loans pursuant to this Servicing Agreement and in all cases in accordance with Accepted Master Servicing Practices and Accepted Special Servicing Practices, as applicable. (b) Any funds received on or in connection with a Mortgage Loan by a Servicer shall be received and held by such Servicer in accordance with this Servicing Agreement and pursuant to Accepted Master Servicing Practices or Accepted Special Servicing Practices, as applicable, for the benefit of the Bondholders and the related Mortgagor as their respective interests may appear and as provided in this Servicing Agreement. (c) The Indenture Trustee and the Fiscal Agent shall implement modifications to their respective existing computer systems with the intention of being year 2000 ready. Each Servicer shall either (i) implement modifications to their respective existing computer systems to the extent required to cause them to be year 2000 ready, or (ii) acquire computer systems that are year 2000 ready, in each case prior to October 1, 1999.

Contract for Servicing. SECTION 3.02

Contract for Servicing. The Corporation hereby contracts with the Subservicer exclusively to perform the servicing of all Mortgage Loans, in accordance with this Agreement, which Mortgage Loans shall be identified on Mortgage Loan Schedules delivered by the Corporation to the Subservicer from time to time and Subservicer agrees to provide such servicing as provided herein.

Contract for Servicing. 14 2.02 [Reserved.] 14 2.03