Enforcement Requirement. The Servicer is required to enforce the Due-on-Sale Clause on any Mortgage Loan to the extent permitted by applicable law upon the transfer of title of the related Mortgaged Property unless (a) a Mortgage Loan is assumable pursuant to the terms of the related Mortgage Note Assumption Rider, or (b) enforcement of the Due-on-Sale Clause will jeopardize the Primary Mortgage Insurance coverage on such Mortgage Loan.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-10 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar2 Trust)
Enforcement Requirement. The Servicer is required to enforce the Due-on-Sale Clause on any Mortgage Loan to the extent permitted by applicable law upon the transfer of title of the related Mortgaged Property unless (a) a Mortgage Loan is assumable pursuant to the terms of the related Mortgage Note Assumption Rider, or (b) enforcement of the Due-on-on- Sale Clause will jeopardize the Primary Mortgage Insurance coverage on such Mortgage Loan.
Appears in 1 contract
Samples: Servicing Agreement (Norwest Structured Assets Inc)
