Common use of CONVENTIONAL LOANS Clause in Contracts

CONVENTIONAL LOANS. A. Individual PMI certificates shall be retained in the Servicing File B. Company to prepare notifications to the PMI companies requesting a change of servicer to Special Sub-Servicer. Copies shall be forwarded to Special Sub-Servicer. C. Company to provide electronic copy of all Specially Serviced Mortgage Loans with PMI to include: 1. Loan number 2. PMI company 3. PMI certificate number 4. Next due date 5. Last amount paid VII. REAL ESTATE TAXES A. Company to forward individual loan tax records showing payee, due dates, frequency of payment, next due date, last paid date and last paid amount. B. To the extent the related Mortgagor is required to maintain an escrow account for property taxes and insurance premiums, the Company shall ensure that all property taxes for any such Specially Serviced Mortgage Loan are paid current prior to the Effective Date. C. All tax bills received after the Effective Date shall be forwarded to Special Sub-Servicer for payment. D. The Special Sub-Servicer will obtain a tax service contract for each of the Specially Serviced Mortgage Loans.