Common use of Delivery of Policies of Title and Primary Mortgage Insurance Policies Clause in Contracts

Delivery of Policies of Title and Primary Mortgage Insurance Policies. The Servicer shall, at Servicer's expense and within thirty (30) days of Owner's request or a request by a third party approved by the Owner, create a xeroxed copy or an imaged copy of the policy of title insurance or the original Primary Mortgage Insurance Policy, if any, of any Mortgage Loan and deliver, or cause to be delivered, each such xeroxed copy or, through an electronic medium, each such imaged copy to the Custodian or the Owner. The Servicer agrees to indemnify and hold harmless the Owner against any and all losses, damages, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses resulting from the defense of any claim against the Owner by a third party in any way related to the Servicer's failure, upon Owner's request, to create and deliver, or cause to be delivered, any such xeroxed copy or imaged copy of the policy of title insurance or the original Primary Mortgage Insurance Policy; provided, that in no event shall the Servicer have any liability for any indirect, special or consequential damages, losses, costs or expenses incurred by the Owner.

Appears in 4 contracts

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Servicing Agreement (Sturctured Asset Securities Corp Mort Pass Thru Ser 2004-1), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-20)

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Delivery of Policies of Title and Primary Mortgage Insurance Policies. The Servicer shall, at Servicer's ’s expense and within thirty (30) days of Owner's ’s request or a request by a third party approved by the Owner, create a xeroxed copy or an imaged copy of the policy of title insurance or the original Primary Mortgage Insurance Policy, if any, of any Mortgage Loan and deliver, or cause to be delivered, each such xeroxed copy or, through an electronic medium, each such imaged copy to the Custodian or the Owner. The Servicer agrees to indemnify and hold harmless the Owner against any and all losses, damages, penalties, fines, forfeitures, legal fees and related costs, judgments, and any other costs, fees and expenses resulting from the defense of any claim against the Owner by a third party in any way related to the Servicer's ’s failure, upon Owner's ’s request, to create and deliver, or cause to be delivered, any such xeroxed copy or imaged copy of the policy of title insurance or the original Primary Mortgage Insurance Policy; provided, that in no event shall the Servicer have any liability for any indirect, special or consequential damages, losses, costs or expenses incurred by the Owner.

Appears in 2 contracts

Samples: Servicing Agreement (Lehman Mortgage Trust 2007-3), Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-7)

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