Document Custodian Assignments and Related Matters. (a) Document Custodian; Document Management Vendor. With respect to each Mortgage Loan, subject to Investor requirements, the Purchaser controls the choice of the Custodian and the Document Management Vendor on and subsequent to the applicable Servicing Transfer Date. Except as otherwise set forth herein, the Seller shall be responsible for all fees and costs charged by and otherwise associated with the Document Custodian with respect to a Mortgage Loan (including any document deposit and review costs associated with missing documents), and the Purchaser shall be responsible for all fees and costs charged by and otherwise associated with the Custodian with respect to a Mortgage Loan for custodial and document management services rendered on and subsequent to the applicable Servicing Transfer Date; provided however, the Seller shall be responsible for (i) the costs of delivery to the Custodian of documents missing from the Mortgage File and (ii) the charges, regardless of timing, imposed by the Custodian related to checking in such documents in an amount not to exceed $4.00 per missing document. Seller shall have delivered to the Custodian any documentation relating to Mortgage Files that were released prior to the Servicing Transfer Date, with the exception of those Mortgage Files required to be in the possession of counsel or any other third party due to jurisdictional requirements related to default.
Document Custodian Assignments and Related Matters. (a) Document Custodian; Document Management Vendor. With respect to each Mortgage Loan, subject to Investor requirements, the Purchaser controls the choice of the Document Custodian and the Document Management Vendor on and subsequent to the applicable Servicing Transfer Date. Except as otherwise set forth herein, the Seller shall be responsible for all fees and costs charged by and otherwise associated with the Seller’s Document Custodian with respect to a Mortgage Loan prior to the applicable Servicing Transfer Date and the Purchaser shall be responsible for all fees and costs charged by the Purchaser’s Document Custodian with respect to a Mortgage Loan for custodial and document management services rendered on and subsequent to the applicable Servicing Transfer Date. Seller is expected to have reinstated all Mortgage Files that were released prior to the Servicing Transfer Date, with the exception of those Mortgage Files required to be in the possession of counsel or any other third party due to jurisdictional requirements related to default.
Document Custodian Assignments and Related Matters
