Common use of Evidence of Insurance Clause in Contracts

Evidence of Insurance. (a) The Servicer must maintain the following documentation with respect to insurance coverage on each Mortgage Loan: (i) if Primary Mortgage Insurance is required, a copy of the Primary Mortgage Insurance policy and any related endorsements; (ii) for one- to four-unit dwellings where such coverage is not provided under a blanket policy maintained by the Servicer, an original of the Hazard Insurance policy, if applicable, and any related endorsements; (iii) a copy of the Title Insurance policy and any related endorsements, unless a Final Title Condition Report was obtained; (iv) For properties covered under a blanket policy, an original of any blanket policy, and any related endorsements; and (v) an original of any Flood Insurance policy, if Flood Insurance is required, and any related endorsements. (b) A certificate of insurance is acceptable in lieu of any of the foregoing policies if it contains the following information: (i) named insured and Mortgagee or, for PUD or Condominium Units, named insured association, unit owner and unit owner Mortgagee; (ii) address of the Mortgaged Property; (iii) type, amount and effective dates of coverage; (iv) deductible amount; (v) any endorsement or optional coverage obtained and made part of the original policy; (vi) insurer's agreement to provide at least ten day's prior written notice to the Servicer and Borrower (or applicable unit owner Mortgagee if for a PUD or Condominium Unit) before any reduction in coverage or cancellation of the policy; and (vii) signature of an authorized representative of the insurer, if required by applicable law.

Evidence of Insurance. (a) The Servicer must shall maintain the following documentation with respect to insurance coverage on each Mortgage Loan:Loan (and REO): (ia) if Primary Mortgage Insurance is required, a copy of the Primary Mortgage Insurance policy and any related endorsements; (ii) for For one- to four-unit dwellings where such coverage is not provided under a blanket policy maintained by the Servicerdwellings, an original of the Hazard Insurance policyPolicy, if applicable, and any related endorsements; (iiib) a A copy of the Title Insurance policy Policy and any related endorsementsendorsements (or an Attorney's Title Opinion), unless a Final Title Condition Report was obtainedto the extent such insurance is evidenced in the Servicer Mortgage Loan File; (ivc) For properties covered under a blanket policy, an An original of any blanket policyFlood Insurance Policy, if Flood Insurance is required herein, and any related endorsements; and (vd) an original A copy of any Flood the Condominium Insurance policyPolicy or PUD Insurance Policy, if Flood Insurance is required, and any related endorsements. (b) applicable. A certificate of insurance is acceptable in lieu of any of the foregoing policies above if it contains the following information: (ia) named Named insured and Mortgagee or, for PUD or Condominium Units, named insured association, unit owner and unit owner Mortgagee; (iib) address Address of the Mortgaged PropertyPremises; (iiic) typeType, amount and effective dates of coverage; (ivd) deductible Deductible amount; (ve) any Any endorsement or optional coverage obtained and made part of the original policy; (vif) insurerInsurer's agreement to provide at least ten day's days' prior written notice to the Servicer and Borrower (or applicable unit owner Mortgagee if for a PUD or Condominium Unit) before any reduction in coverage or cancellation of the policy; and (viig) signature Signature of an authorized representative of the insurerInsurer, if required by applicable law.

Evidence of Insurance. (a) The Servicer must maintain the following documentation with respect to insurance coverage on each Mortgage Loan: (i) if Primary Mortgage Insurance is required, a copy of the Primary Mortgage Insurance policy and any related endorsements; (ii) for one- to four-unit dwellings where such coverage is not provided under a blanket policy maintained by the Servicer, an original of the Hazard Insurance policy, if applicable, and any related endorsements; (iii) a copy of the Title Insurance policy and any related endorsements, unless a Final Title Condition Report was obtained; (iv) For properties covered under a blanket policy, an original of any blanket policy, and any related endorsements; and (v) an original of any Flood Insurance policy, if Flood Insurance is required, and any related endorsements. (b) A certificate of insurance is acceptable in lieu of any of the foregoing policies if it contains the following information: (i) named insured and Mortgagee or, for PUD or Condominium Units, named insured association, unit owner and unit owner Mortgagee; (ii) address of the Mortgaged Property; (iii) type, amount and effective dates of coverage; (iv) deductible amount; (v) any endorsement or optional coverage obtained and made part of the original policy; (vi) insurer's ’s agreement to provide at least ten day's ’s prior written notice to the Servicer and Borrower (or applicable unit owner Mortgagee if for a PUD or Condominium Unit) before any reduction in coverage or cancellation of the policy; and (vii) signature of an authorized representative of the insurer, if required by applicable law.

Evidence of Insurance. (a) The Servicer must maintain the following documentation with respect to insurance coverage on each Mortgage Loan: (i) if Primary Mortgage Insurance is required, a copy of the Primary Mortgage Insurance policy and any related endorsements; (ii) for one- to four-unit dwellings where such coverage is not provided under a blanket policy maintained by the Servicer, an original of the Hazard Insurance policy, if applicable, and any related endorsements; (iii) a copy of the Title Insurance policy and any related endorsements, unless a Final Title Condition Report was obtained; (iv) For properties covered under a blanket policy, an original of any blanket policy, and any related endorsements; and (v) an original of any Flood Insurance policy, if Flood Insurance is required, and any related endorsements. (ba) A certificate of insurance is acceptable in lieu of any of the foregoing policies if it contains the following information: (i) named insured and Mortgagee or, for PUD or Condominium Units, named insured association, unit owner and unit owner Mortgagee; (ii) address of the Mortgaged Property; (iii) type, amount and effective dates of coverage; (iv) deductible amount; (v) any endorsement or optional coverage obtained and made part of the original policy; (vi) insurer's agreement to provide at least ten day's prior written notice to the Servicer and Borrower (or applicable unit owner Mortgagee if for a PUD or Condominium Unit) before any reduction in coverage or cancellation of the policy; and (vii) signature of an authorized representative of the insurer, if required by applicable law.