Common use of Fidelity Bond; Errors and Omissions Insurance Clause in Contracts

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of FNMA and FHLMC on all officers, employees, agents and employees or other persons Persons acting in any capacity requiring such persons with regard to the Mortgage Loan to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae FNMA in the Xxxxxx Xxx Selling FNMA Guide and by FHLMC in the FHLMC Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the The Servicer shall cause to be delivered to the Owner Purchaser on or before the Funding Date: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomis­sions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obliga­tions as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days days' prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses from forgery, theft, embezzlement, fraud, errors and omis-sionserrors, omissions, failure to maintain any insurance policies required pursuant to this Agreement, and dishonest or negligent acts of such Servicer Employees, any employees of outside firms that provide data processing services for the Servicer, and temporary contract employees or student interns. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured therebythereby and such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy certificate of insurance with respect to such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Ownerpolicy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Maca Qualified Insurer, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage with responsible companies that meet the requirements of Xxxxxx Xxx on all officers, employees, agents employees and other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by acceptable to Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the The Servicer shall, upon request of Owner and the OwnerNIMs Insurer, the Servicer shall cause to be delivered deliver to the Owner and the NIMs Insurer a certified true copy certificate from the surety and the insurer as to the existence of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and shall obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the OwnerOwner and the NIMs Insurer. The Servicer shall notify the Owner and the NIMs Insurer within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons Persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the “Mortgage Banker's ’s Blanket Bond Bond” and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Servicing Guide. Upon the request of the Owner, the The Servicer shall cause to be delivered to the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors insurance policy; and omissions insurance policy and (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days’ prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer's personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guides or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time, as applicable, or in an amount as may be permitted to the Servicer by express waiver of Xxxxxx Mae or Xxxxxxx Mac, as applicable. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae and Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx’ and Servicer’s Servicers’ Guide. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days’ prior written notice to the OwnerPurchaser. The Seller shall provide copies of the fidelity bond and insurance policy at each renewal of such policy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days days’ prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fxxxxx Mae or Fxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Fxxxxx Mxx Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide. Upon the The Servicer shall, upon request of the Owner, the Servicer shall cause to be delivered deliver to the Owner a certified true copy certificate from the surety and the insurer as to the existence of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and shall obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the Owner. The Servicer shall notify the Owner within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated. The Owner and its successors or assigns as their interests may appear must be named as loss payees on the Fidelity Bond and as additional insured on the errors and omissions policy.

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such Fidelity Bond shall also protect and insure the Master Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Master Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in Fredxxx Xxc xx the Xxxxxxx Mac Seller’s and Frexxxx Xac Servicer’s 's Guide. Upon the request of the OwnerTrxxxxx, the Servicer Master Sxxxxxxx shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fxxxxx Mxx or Fxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Fxxxxx Mxx Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide. Upon the The Servicer shall, upon request of the Owner, the Servicer shall cause to be delivered deliver to the Owner a certified true copy certificate from the surety and the insurer as to the existence of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and shall obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the Owner. The Servicer shall notify the Owner within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated. The Owner and its successors or assigns as their interests may appear must be named as loss payees on the Fidelity Bond and as additional insured on the errors and omissions policy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Servicers' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s 's Guide, unless the Servicer has obtained a waiver of such requirements from Xxxxxx Mae or Xxxxxxx Mac. Upon the request of the OwnerTrustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide$10,000,000.00 per occurrence. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance policyomxxxxxxs insuraxxx xxxicy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guide, or by Xxxxxxx Mac in Freddie Xxx xn the Xxxxxxx Mac Seller’s Freddix Xxx Sxxxer's and Servicer’s 's Guide. Upon the request xxxxxxx of the OwnerOwnex, the xxx Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac on all officers, employees, agents and employees or other persons Pxxxxxx acting in any capacity requiring such persons ix xxx xapacity with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling Fannie Mae Guide and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideFrexxxx Xac Servicing Xxxxx. Upon the request of the Owner, the Xxe Servicer shall cause shaxx xxxxe to be delivered to delixxxxx xo the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, and shall cause the Subservicer to maintain, at its own expense, with responsible companies that meet an insurer acceptable under the requirements of Xxxxxx Xxx or Xxxxxxx MacServicing Standard, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage with responsible companies on all officers, employees, agents employees and other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer or the Subservicer, as the case may be, against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions and negligent acts of such persons. Such Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer or the Subservicer, as the case may be, against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in of the Xxxxxxx Mac Seller’s and Servicer or the Subservicer, as the case may be. The Servicer shall, or shall cause the Subservicer to, deliver to the Master Servicer upon the Master Servicer’s Guide. Upon request a certificate from the request surety and the insurer as to the existence of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond Fidelity Bond and errors and omissions insurance policy and shall, or shall cause the Subservicer to, obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the OwnerMaster Servicer. The Servicer shall, or shall cause the Subservicer to, notify the Master Servicer within five (5) Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintainCompany, at its own expense, shall maintain with responsible companies that meet throughout the requirements term of Xxxxxx Xxx or Xxxxxxx Mac, this Agreement a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents employees and other persons individuals acting on behalf of the Company in any capacity requiring such persons connection with its activities under this Agreement. The amount of coverage shall be at least equal to handle fundsthe coverage that would be required of the Company by Xxxxxx Mae or Xxxxxxx Mac, money, documents or papers relating to if the Company were servicing the Mortgage Loans (collectivelyfor Xxxxxx Mae or Xxxxxxx Mac, the “Servicer Employees”)and such policy shall be issued by a company that is acceptable to Xxxxxx Mae or Xxxxxxx Mac. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losseslosses caused by such individuals, including losses from forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such individuals. Such Fidelity Bond shall also protect and insure the Company against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.13 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Company from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the Servicer Company shall cause to be delivered to the Owner a certified true copy certificate of insurance for such fidelity bond Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days ten (10) days' prior written notice to the Ownernotice.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Maca Qualified Insurer, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage with responsible companies that meet the requirements of Xxxxxx Xxx on all officers, employees, agents employees and other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by acceptable to Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide. Upon the The Servicer shall, upon request of Owner and the OwnerNIMs Insurer, the Servicer shall cause to be delivered deliver to the Owner and the NIMs Insurer a certified true copy certificate from the surety and the insurer as to the existence of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and shall obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the OwnerOwner and the NIMs Insurer. The Servicer shall notify the Owner and the NIMs Insurer within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac on all officers, employees, agents and employees or other persons Xxxxxxs acting in any xx xxx capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling Fannie Mae Guide and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Frxxxxx Mac Seller’s and Servicer’s GuideServicinx Xxxxe. Upon the request of the Owner, the Xhe Servicer shall cause shxxx xxxse to be delivered delxxxxxx to the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days thirty (30) days' prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Servicing Administrator shall maintainmaintain with a Qualified Insurer, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer Servicing Administrator against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicing Administrator’s personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicing Administrator, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer Servicing Administrator against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer Servicing Administrator from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Xxx in the Xxxxxx Xxx Selling and Mae Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Xxx Xxxxxxx’ & Servicers’ Guide, as amended or restated from time to time, or in an amount as may be permitted to the Servicing Administrator by express waiver of Xxxxxx Xxx or Xxxxxxx Mac. Upon the request of the OwnerPurchaser or its designee, the Servicer Servicing Administrator shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicing Administrator shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the Owner.Purchaser or its designee thirty (30) days prior to modification or any material change. 50

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer’s personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Fxxxxx Mxx in the Xxxxxx Xxx Selling and Fxxxxx Mae Servicing Guide, Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time, or in an amount as may be permitted to the Servicer by express waiver of Fxxxxx Mxx or Fxxxxxx Mac. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fxxxxx Mae or Xxxxxxx Fxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Xxx Fxxxxx Mxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days days’ prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer’s personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guides or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time, as applicable, or in an amount as may be permitted to the Servicer by express waiver of Xxxxxx Mae or Xxxxxxx Mac, as applicable. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae or Freddie Mac on all officers, employees, agents and employees or other persons acting in Persons xxxxxg xx any capacity requiring such persons xxxxxxty with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 6.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.11 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Servicing Guide, Fannie Mae Guide or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s Freddie Mxx Xxxvicing Guide. Upon the request of the Owner, the Servicer Xxx Sxxxicer shall cause to caxxx xx be delivered to the xx xxx Owner upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors insurance policy; and omissions insurance policy and (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Interim Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Interim Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Interim Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Interim Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Xxx in the Xxxxxx Xxx Selling and Mae Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Interim Servicers' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Interim Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days thirty (30) days’ prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the “Fidelity Bond”) and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance The Fidelity Bond shall be in the form of the Mortgage Banker's ’s Blanket Bond. The Fidelity Bond and errors and omissions policy shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Fxxxxx Mxx in the Xxxxxx Xxx Fxxxxx Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide, unless the Servicer has obtained a waiver of such requirements from Fxxxxx Mxx or Fxxxxxx Mac. Upon the request of the OwnerTrustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer Servicer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified by the Servicer without 30 days thirty days’ prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity xxxxxity bond and an xxx xx errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guidexxx Xervicing Guixx, or by Xxxxxxx xx xx Freddie Mac in the Xxxxxxx Freddie Mac Seller’s and Sellex'x xxx Servicer’s Guide's Xxxxx. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide or by Frexxxx Xac in the Frxxxxx Mxx Servicer's Guide, unless the Servicer hxx xxxxined a waivex xx xxch requirements from Fannie Mae or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideFreddie Mac. Upon the request of the OwnerTrustee or the NIMS Insxxxx, the Servicer shall Servxxxx xxall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Interim Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Interim Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Interim Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Interim Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Interim Servicers' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Interim Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loan to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loan. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Servicers' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Option One shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae or Freddie Mac on all officers, employees, agents and employees or other persons acting in xxxxxg xx any capacity requiring such persons xxxxxxty with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Option One against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure Option One against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 11.13 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Option One from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing Guide, Guide or by Xxxxxxx Freddie Mac in the Xxxxxxx Xxxxxie Mac Seller’s and Servicer’s Sellexx' xxd Xxrvicers' Guide. Upon rexxxxx xf the request of the OwnerPurchaxxx, the Servicer shall Xxxxxx Xxx xxxll cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time. Upon At the request of the OwnerTrustee, the Servicer shall cause to be delivered to the Owner Trustee a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance policyomxxxxxxs insuraxxx xxxicy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses from forgery, theft, embezzlement, fraud, errors and omis-sionserrors, omissions, failure to maintain any insurance policies required pursuant to this Agreement, and dishonest or negligent acts of such Servicer Employees, any employees of outside firms that provide data processing services for the Servicer, and temporary contract employees or student interns. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured therebythereby and such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guide, or by Xxxxxxx Mac in Freddie Xxx xn the Xxxxxxx Mac Seller’s Freddix Xxx Sxxxer's and Servicer’s 's Guide, as amendex xx xxstated from xxxx xx time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy certificate of insurance with respect to such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Ownerpolicy.

Fidelity Bond; Errors and Omissions Insurance. The EMC Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the EMC Mortgage Loans and who handle funds, money, documents or and papers relating to the EMC Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the EMC Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond shall also protect and insure the EMC Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to the Agreement and the release or satisfaction of a an EMC Mortgage Loan without having obtained payment which is not serviced in full accordance with the requirements of the indebtedness secured therebySection 1.01. No provision of on this Section 3.12 1.19 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the EMC Servicer from its duties and obliga-tions obligations as set forth in this the Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx coverage acceptable to Fannie Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guidefor persons performing servicing for loxxx xxrxxxsed xx Xxxxie Mae or Freddie Mac. Upon the request of the Owner, the The EMC Servicer shall cause to be delivered to notify the Owner a certified true copy Mastxx Xxxvicer anx xxx Xrustee within five business days of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer receipt of notice that such fidelity bond or insurance policy will be, or has been, materially modified or terminated. The Trustee for the benefit of the Certificateholders must be named as loss payee on the fidelity bond and as additional insured on the errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Ownerpolicy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer's personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx FHA or VA, Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing GuideGuide or by Freddie Mac in thx Xxxxdxx Mac Guidx, xx amended or restated from tixx xx xime, as applxxxxxx, or in an amount as may be permitted to the Servicer by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s express waiver of FHA or VA and Servicer’s GuideFannie Mae or Freddie Mac, as applicable. Upon the request of the OwnerPurchaxxx, the Servicer shall xhx Xervixxx xxxll cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Xxx Fxxxxx Mxx Selling and Servicing Guide, or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Xxx in the Xxxxxx Xxx Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s 's Guide, unless the Servicer has obtained a waiver of such requirements from Xxxxxx Xxx or Xxxxxxx Mac. Upon the request of the OwnerTrustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such Fidelity Bond shall also protect and insure the Master Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Master Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in Faxxxx Xax xn the Xxxxxx Xxx Faxxxx Xae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac Frxxxxx Xac in the Xxxxxxx Mac Seller’s and Frxxxxx Xac Servicer’s 's Guide. Upon the request of the OwnerTrustee or the NIMS Insurer, the Master Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 3.13 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Xxx in the Xxxxxx Xxx Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s 's Guide. Upon Each year, together with the request of the OwnerAnnual Statement as to Compliance delivered pursuant to Section 3.22, the Servicer shall cause to be delivered to the Owner a certified true copy Trustee proof of such fidelity bond coverage of the Fidelity Bond and errors Errors and omissions insurance policy and a statement from the surety and the insurer that the surety and insurer shall endeavor to notify the Trustee within 30 days prior to such fidelity bond Fidelity Bond's and errors and omissions insurance policy's termination or material modification. In the absence of notice from the surety, insurer or Servicer of such termination or material modification, the Trustee shall be under no obligation to take any action to determine whether or not such Fidelity Bond or errors and omission policy shall in no event be has been terminated or materially modified without 30 days prior written notice to the Ownermodified.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance anx xxxxsions inxxxxxxx policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guide, or by Xxxxxxx Mac Frexxxx Xac in the Xxxxxxx Mac Frxxxxx Mxx Seller’s 's and Servicer’s 's Guide. Upon the request xxx xxxuest of the OwnerXxxxx, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Maca Qualified Insurer, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage with responsible companies that meet the requirements of Fxxxxx Mae on all officers, employees, agents employees and other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae acceptable to Fxxxxx Mxx in the Xxxxxx Xxx Selling and Servicing Guide, Fxxxxx Mae Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide. Upon the The Servicer shall, upon request of the OwnerMaster Servicer, the Servicer shall cause to be delivered deliver to the Owner Master Servicer a certified true copy certificate from the surety and the insurer as to the existence of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and shall obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the OwnerMaster Servicer. The Servicer shall notify the Master Servicer within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx Fxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fxxxxx Mae in the Xxxxxx Xxx Fxxxxx Mxx Selling and Servicing Guide, or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae and Xxxxxxx Mac if the Seller were servicing the Mortgage Loans for Xxxxxx Mae or Xxxxxxx Mac, as the case may be, on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond and errors and omissions insurance policy shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx’ and Servicer’s GuideServicers’ Guide if the Seller were servicing the Mortgage Loans for Xxxxxx Mae or Xxxxxxx Mac, as the case may be. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days’ prior written notice to the OwnerPurchaser. The Seller shall provide copies of the fidelity bond and insurance policy at each renewal of such policy.

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such Fidelity Bond shall also protect and insure the Master Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Master Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac Fredxxx Xxc in the Xxxxxxx Mac Seller’s and Servicer’s Frexxxx Xax Xervicer's Guide. Upon the request of the OwnerTrxxxxx, the Servicer Master Sxxxxxxx shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the “Mortgage Banker's ’s Blanket Bond Bond”. Any such fidelity bond and errors and omissions insurance shall protect and insure the Servicer against losses, including losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 7.16 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guideor Xxxxxxx Mac, as applicable, or in an amount as may be permitted to the Servicer by express waiver of Xxxxxx Mae or Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideMac, as applicable. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac on all officers, employees, agents and employees or other persons Xxxxxns acting in any xx xxx capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling Fannie Mae Guide and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s GuideServicixx Xxxdx. Upon the request of the Owner, the The Servicer shall cause xxxxx xause to be delivered dxxxxxxxd to the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. (a) The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (a "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the such Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 3.14 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac Frxxxxx Mxx in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s 's Guide. Upon the request of the OwnerXxxxxxx, the Master Xxxxxxer or the NIMS Insurer, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond insurer shall endeavor to notify the Trustee and the Master Servicer within 30 days prior to such policy's termination or material modification. The Servicer shall provide to the Depositor, the Master Servicer and the Securities Administrator evidence of the authorization of the person signing any certification or statement, copies or other evidence of its Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice omission insurance, financial information and reports, and such other information related to the OwnerServicer or any Subservicer or the performance of the Servicer or Subservicer hereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Company shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae or Freddie Mac on all officers, employees, agents and employees or other persons acting perxxxx xcxxxg in any capacity requiring such persons xxx xxpacity with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Company against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Company from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing Guide, Guide or by Xxxxxxx Freddie Mac in the Xxxxxxx xxx Xreddie Mac Seller’s and Servicer’s Sxxxxx's xxd Servicers' Guide. Upon the request Upox xxxxxst of the OwnerPuxxxxxxx, the Servicer Company shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser. Exh. 5-11 Subsection 11.13 Title, Management and Disposition of REO Property. In the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Purchaser or its designee. Any Person or Persons holding such title other than the Purchaser shall acknowledge in writing that such title is being held as nominee for the benefit of the Purchaser. The Company shall either itself or through an agent selected by the Company, manage, conserve, protect and operate each REO Property (and may temporarily rent the same) in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property is managed. If a REMIC election is or is to be made with respect to the arrangement under which the Mortgage Loans and any REO property are held, the Company shall manage, conserve, protect and operate each REO Property in a manner which does not cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code or result in the receipt by such REMIC of any "income from non permitted assets" within the meaning of Section 860F(a)(2)(B) of the Code or any "net income from foreclosure property" within the meaning of Section 860G(c)(2) of the Code. The Company shall cause each REO Property to be inspected promptly upon the acquisition of title thereto and shall cause each REO Property to be inspected at least annually thereafter. The Company shall make or cause to be made a written report of each such inspection. Such reports shall be retained in the Mortgage File and copies thereof shall be forwarded by the Company to the Purchaser. The Company shall use its best efforts to dispose of the REO Property as soon as possible and shall sell such REO Property in any event within three (3) years after title has been taken to such REO Property, unless the Company determines, and gives appropriate notice to the Purchaser, that a longer period is necessary for the orderly liquidation of such REO Property. If a period longer than three years is necessary to sell any REO property, (i) the Company shall report monthly to the Purchaser as to the progress being made in selling such REO Property and (ii) if, with the written consent of the Purchaser, a purchase money mortgage is taken in connection with such sale, such purchase money mortgage shall name the Company as mortgagee, and a separate servicing agreement among the Company and the Purchaser shall be entered into with respect to such purchase money mortgage. Notwithstanding the foregoing, if a REMIC election is made with respect to the arrangement under which the Mortgage Loans and the REO Property are held, such REO Property shall be disposed of within three (3) years or such other period as may be permitted under Section 860G(a)(8) of the Code. With respect to each REO Property, the Company shall segregate and hold all funds collected and received in connection with the operation of the REO Property separate and apart from its own funds or general assets and shall deposit or cause to be deposited, on a daily basis within one Business Day of receipt in the Custodial Account all revenues received with respect to the related REO Property and shall withdraw therefrom funds necessary for the proper operation, management and maintenance of the REO Property, including the cost of maintaining any hazard insurance pursuant to Subsection 11.10 hereof and the fees of any managing agent acting on behalf of the Company. Exh. 5-12 The Company shall furnish to the Purchaser on each Distribution Date, an operating statement for each REO Property covering the operation of each REO Property for the previous month. Such operating statement shall be accompanied by such other information as the Purchaser shall reasonably request. Each REO Disposition shall be carried out by the Company at such price and upon such terms as the Purchaser shall direct. If as of the date title to any REO Property was acquired by the Company there were outstanding unreimbursed Servicing Advances with respect to the REO Property, the Company, upon an REO Disposition of such REO Property, shall be entitled to reimbursement for any related unreimbursed Servicing Advances from proceeds received in connection with such REO Disposition. The proceeds from the REO Disposition, net of any payment to the Company as provided above, shall be deposited in the Custodial Account within one Business Day of receipt.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall is in no event be terminated or materially modified without 30 days prior written notice to the Ownereffect.

Fidelity Bond; Errors and Omissions Insurance. The Master Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such Fidelity Bond shall also protect and insure the Master Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 3.10 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Master Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s Frexxxx Xxc Master Serxxxxx'x Guide. Upon the request of the OwnerTrustee or the NIMS Insurer, the Master Servicer shall cause to be delivered to the Owner Trustee or the NIMS Insurer, as applicable, a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee and the NIMS Insurer.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance xxxxsions ixxxxxxxe policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Mac Xxxxxxe Xxc Seller’s 's and Servicer’s 's Guide, as xxxxxxx or restated xxxx time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days thirty (30) days' prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance policyoxxxxxxns insurxxxx xxlicy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide or by Frexxxx Xac in the Frxxxxx Mxx Seller's and Servicer's Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guideas amendxx xx restated from time to time. Upon At the request of the OwnerTrustee, the Servicer shall cause to be delivered to the Owner Trustee a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance axx xxxssions ixxxxxxxe policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guide, or by Xxxxxxx Frxxxxx Mac in the Xxxxxxx Mac Fxxxxxx Xxx Seller’s 's and Servicer’s 's Guide. Upon the request xxx xxquest of the OwnerXxxxx, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Company shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae or Freddie Mac on all officers, employees, agents and employees or other persons acting persxxx xxtxxx in any capacity requiring such persons xxx xxxacity with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Company against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Company from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing Guide, Guide or by Xxxxxxx Freddie Mac in the Xxxxxxx xxx Xxeddie Mac Seller’s and Servicer’s Sexxxx'x xxx Servicers' Guide. Upon the request xxxxxxt of the OwnerPurxxxxxx, the Servicer Company shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser. Exh. 5-11 Subsection 11.13 Title, Management and Disposition of REO Property. In the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Purchaser or its designee. Any Person or Persons holding such title other than the Purchaser shall acknowledge in writing that such title is being held as nominee for the benefit of the Purchaser. The Company shall either itself or through an agent selected by the Company, manage, conserve, protect and operate each REO Property (and may temporarily rent the same) in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property is managed. If a REMIC election is or is to be made with respect to the arrangement under which the Mortgage Loans and any REO property are held, the Company shall manage, conserve, protect and operate each REO Property in a manner which does not cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Code or result in the receipt by such REMIC of any "income from non permitted assets" within the meaning of Section 860F(a)(2)(B) of the Code or any "net income from foreclosure property" within the meaning of Section 860G(c)(2) of the Code. The Company shall cause each REO Property to be inspected promptly upon the acquisition of title thereto and shall cause each REO Property to be inspected at least annually thereafter. The Company shall make or cause to be made a written report of each such inspection. Such reports shall be retained in the Mortgage File and copies thereof shall be forwarded by the Company to the Purchaser. The Company shall use its best efforts to dispose of the REO Property as soon as possible and shall sell such REO Property in any event within three (3) years after title has been taken to such REO Property, unless the Company determines, and gives appropriate notice to the Purchaser, that a longer period is necessary for the orderly liquidation of such REO Property. If a period longer than three years is necessary to sell any REO property, (i) the Company shall report monthly to the Purchaser as to the progress being made in selling such REO Property and (ii) if, with the written consent of the Purchaser, a purchase money mortgage is taken in connection with such sale, such purchase money mortgage shall name the Company as mortgagee, and a separate servicing agreement among the Company and the Purchaser shall be entered into with respect to such purchase money mortgage. Notwithstanding the foregoing, if a REMIC election is made with respect to the arrangement under which the Mortgage Loans and the REO Property are held, such REO Property shall be disposed of within three (3) years or such other period as may be permitted under Section 860G(a)(8) of the Code. With respect to each REO Property, the Company shall segregate and hold all funds collected and received in connection with the operation of the REO Property separate and apart from its own funds or general assets and shall deposit or cause to be deposited, on a daily basis within one Business Day of receipt in the Custodial Account all revenues received with respect to the related REO Property and shall withdraw therefrom funds necessary for the proper operation, management and maintenance of the REO Property, including the cost of maintaining any hazard insurance pursuant to Subsection 11.10 hereof and the fees of any managing agent acting on behalf of the Company.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx and Freddie Mac on all officers, employees, agents and employees or other persons Persons acting in any capacity requiring such persons with regard to the Mortgage Loan to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the “Mortgage Banker's ’s Blanket Bond Bond” and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Xxx in the Xxxxxx Xxx Selling Guide and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Freddie Mac Seller’s and Servicer’s Servicing Guide. Upon the request of the Owner, the The Servicer shall cause to be delivered to the Owner Purchaser on or before the Funding Date: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days’ prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer's personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Servicing Guide, Fannie Mae Guides or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideFreddix Xxx Gxxxe, as amxxxxx or restated from txxx xx time, as appxxxxxxx, or in an amount as may be permitted to the Servicer by express waiver of Fannie Mae or Freddie Mac, as applicable. Upon the request of the OwnerPurchxxxx, the Servicer shall txx Servxxxx xxall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity bond and an errors and omissions insurance policyxxxxxxons insuxxxxx xolicy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Frxxxxx Mac in the Xxxxxxx Mac Fxxxxxx Xxx Seller’s 's and Servicer’s 's Guide, as amenxxx xx restated frox xxxx to time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Xxx Xxxxxxx' and Servicer’s Servicers' Guide. Upon the request of the OwnerPurchaser, the Servicer Seller shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and These policies must insure the Servicer against losses, including forgerylosses resulting from fraud, theft, embezzlementerrors, fraudomissions, errors and omis-sionsnegligence, failure to maintain dishonest or fraudulent acts committed by the Servicer's personnel, any insurance policies required pursuant to this Agreementemployees of outside firms that provide data processing services for the Servicer, and negligent acts of such Servicer Employeestemporary contract employees or student interns. Such fidelity bond The Fidelity Bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such fidelity bond Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae Fxxxxx Mxx in the Xxxxxx Xxx Selling and Fxxxxx Mae Servicing Guide, Guide or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time, or in an amount as may be permitted to the Servicer by express waiver of Fxxxxx Mxx or Fxxxxxx Mac. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond and errors and omissions insurance policy and Fidelity Bond or a certificate evidencing the same with a statement from that the surety and the insurer that such fidelity bond and errors and omissions insurance policy Servicer shall in no event be terminated or materially modified without 30 days prior endeavor to provide written notice to the OwnerPurchaser thirty (30) days prior to modification or any material change. Title, Management and Disposition of REO Property. In the event that title to the Mortgaged Property is acquired in foreclosure or by deed in lieu of foreclosure, the deed or certificate of sale shall be taken in the name of the Purchaser or its nominee. The Purchaser, by giving notice to the Servicer, may elect to manage and dispose of all REO Property acquired pursuant to this Agreement by itself. If the Purchaser so elects, the Purchaser shall assume control of REO Property at the time of its acquisition and the Servicer shall forward the related Mortgage File to the Purchaser as soon as is practicable. Promptly upon assumption of control of any REO Property, the Purchaser shall reimburse any related Servicing Advances or other expenses incurred by the Servicer with respect to that REO Property. If the Purchaser has not informed the Servicer that it will manage REO Property, the provisions of this Subsection 11.13(c) shall apply. The Servicer shall cause to be deposited on a daily basis in the Custodial Account all revenues received with respect to the conservation of the related REO Property. The Servicer shall make distributions as required on each Remittance Date to the Purchaser of the net cash flow from the REO Property (which shall equal the revenues from such REO Property net of the expenses described above and of any reserves reasonably required from time to time to be maintained to satisfy anticipated liabilities for such expenses). The disposition of REO Property shall be carried out by the Servicer. Upon the request of the Purchaser, and at the Purchaser's expense, the Servicer shall cause an appraisal of the REO Property to be performed for the Purchaser. The Servicer shall either itself or through an agent selected by the Servicer, manage, conserve, protect and operate the REO Property in the same manner that it manages, conserves, protects and operates other foreclosed property for its own account, and in the same manner that similar property in the same locality as the REO Property is managed. The Servicer shall bxxx the Purchaser for such costs upon the sale of the REO Property and shall not withdraw funds to cover such costs from the Custodial Account.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide or by Frexxxx Xac in the Frxxxxx Mac Servicer's Guide, unless the Servicer hxx xxxxined a waivex xx xxch requirements from Fannie Mae or Freddie Mac. The Servicer shall be deemed to have complixx xxxh xxis pxxxxxxxn if an Affiliate of the Servicer has such errors and omissions and fidelity bond coverage and, by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and terms of such insurance policy or fidelity bond, the coverage afforded thereunder extends to the Servicer’s Guide. Upon the request of the OwnerTrustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that policy. Any such fidelity bond and errors and omissions insurance policy and fidelity bond shall in no event by its terms not be terminated or materially modified cancelable without 30 days thirty days' prior written notice to the OwnerTrustee. The Servicer shall also cause each Sub-Servicer to maintain a policy of insurance covering errors and omissions and a fidelity bond which would meet such requirements.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac on all officers, employees, agents and employees or other persons acting Perxxxx xcting in any capacity requiring such persons xxx xxxacity with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling Fannie Mae Guide and Servicing Guide, or by Xxxxxxx Freddie Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideFreddxx Xxx Servicing Gxxxx. Upon the request of the Owner, the Txx Servicer shall cause xxxxx to be delivered to delivexxx xx the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies that meet the requirements of Xxxxxx Mae or Xxxxxxx Mac and FHA or VA on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, Guides or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s Guide and Servicer’s Guiderequired by FHA or VA regulations, as applicable. Upon the request of the OwnerTrustee, the Servicer shall cause to be delivered to the Owner requesting party a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerTrustee.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to this Agreement, and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s 's and Servicer’s 's Guide, as amended or restated from time to time by FHA or VA, as applicable, with respect to each Government Mortgage Loan. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, and shall cause the Subservicer to maintain, at its own expense, with responsible companies that meet an insurer acceptable under the requirements of Xxxxxx Xxx or Xxxxxxx MacServicing Standard, a blanket fidelity bond Fidelity Bond and an errors and omissions insurance policy, with broad coverage with responsible companies on all officers, employees, agents employees and other persons acting in any capacity requiring such persons with regard to the Mortgage Loans and who handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer or the Subservicer, as the case may be, against losses, including forgery, theft, embezzlement, fraud, errors and omis-sionsomissions and negligent acts of such persons. Such Fidelity Bond and errors and omissions insurance shall also protect and insure the Servicer or the Subservicer, as the case may be, against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 4.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond Fidelity Bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in of the Xxxxxxx Mac Seller’s and Servicer or the Subservicer, as the case may be. The Servicer shall, or shall cause the Subservicer to, deliver to the Master Servicer upon the Master Servicer’s Guide. Upon request a certificate from the request surety and the insurer as to the existence of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond Fidelity Bond and errors and omissions insurance policy and shall, or shall cause the Subservicer to, obtain a statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 thirty days prior written notice to the OwnerMaster Servicer. The Servicer shall, or shall cause the Subservicer to, notify the Master Servicer within five Business Days of receipt of notice that such Fidelity Bond or insurance policy will be, or has been, materially modified or terminated.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac on all officers, employees, agents and employees or other persons acting perxxxx xcting in any capacity requiring such persons xxx xxxacity with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing Guide, Guide or by Xxxxxxx Freddie Mac in the Xxxxxxx xxx Xxeddie Mac Seller’s and Servicer’s Sexxxxx' xxx Servicers' Guide. Upon the request xxxxxxt of the OwnerPurxxxxxx, the Servicer xxx Xxxxxx shall cause to be delivered to the Owner Purchaser a certified true copy of such fidelity bond declaration statement verifying insurance coverage and errors and omissions insurance policy and a statement deductible amounts from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Ownerinsurer.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond (the "Fidelity Bond") and an errors and omissions insurance policy, with broad coverage with financially responsible companies on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 3.13 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in Fredxxx Xxc xx the Xxxxxxx Mac Seller’s and Frexxxx Xac Servicer’s 's Guide. Upon the request of the OwnerEach year, together wixx xxx Annual Statexxxx xx to Compliance delivered pursuant to Section 3.22, the Servicer shall cause to be delivered to the Owner a certified true copy Trustee proof of such fidelity bond coverage of the Fidelity Bond and errors Errors and omissions insurance policy and a statement from the surety and the insurer that the surety and insurer shall endeavor to notify the Trustee within 30 days prior to such fidelity bond Fidelity Bond's and errors and omissions insurance policy's termination or material modification. In the absence of notice from the surety, insurer or Servicer of such termination or material modification, the Trustee shall be under no obligation to take any action to determine whether or not such Fidelity Bond or errors and omission policy shall in no event be has been terminated or materially modified without 30 days prior written notice to the Ownermodified.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac on all officers, employees, agents and employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of such Servicer Employeespersons. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s GuideMac. Upon the request of the OwnerPurchaser, the Servicer shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty (30) days' prior written notice to the OwnerPurchaser.

Fidelity Bond; Errors and Omissions Insurance. The Servicer Seller shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Fannie Mae and Freddie Mac if the Seller were servicing the Mortgagx Xxxns for Faxxxx Xxe or Freddie Mac, as the case may be, on all officers, employees, agents and other persons empxxxxxx or othex xxxxxns acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such The fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omis-sions, omissions and negligent acts of such persons. Such fidelity bond and errors and omissions insurance policy shall also protect and insure the Seller against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 Subsection 11.12 requiring such the fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer Seller from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Selling and Fannie Mae Servicing Guide, Guide or by Xxxxxxx Freddie Mac in xxx Xxeddie Mac Sexxxxx' xxd Servicers' Guide if txx Xxxxer were serxxxxxx xxx Xxxxxxxx Loans for Fannie Mae or Freddie Mac, as the Xxxxxxx Mac Seller’s and Servicer’s Guidecase may be. Upon the request of the OwnerXxxxxxser, the Servicer thx Xxxxxr shall cause to be delivered to the Owner Purchaser a certified true copy of such the fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions or insurance policy shall in no event be terminated or materially modified without 30 days thirty days' prior written notice to the OwnerPurchaser. The Seller shall provide copies of the fidelity bond and insurance policy at each renewal of such policy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Fannie Mae or Xxxxxxx Freddie Mac, a blanket fidelity xxxxxity bond and an xxx xx errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “"Servicer Employees”"). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including losses from forgery, theft, embezzlement, fraud, errors and omis-sionserrors, omissions, failure to maintain any insurance policies required pursuant to this Agreement, and dishonest or negligent acts of such Servicer Employees, any employees of outside firms that provide data processing services for the Servicer, and temporary contract employees or student interns. Such fidelity bond shall also protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured therebythereby and such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Owner. No provision of this Section 3.12 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Fannie Mae in the Xxxxxx Xxx Fannie Mae Selling and Servicing Guidexxx Xervicing Guixx, or by Xxxxxxx xx xx Freddie Mac in the Xxxxxxx Freddie Mac Seller’s and Sellex'x xxx Servicer’s Guide's Xxxxx, as amended or restated from time to time. Upon the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy certificate of insurance with respect to such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event be terminated or materially modified without 30 days prior written notice to the Ownerpolicy.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx Mae or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage on all officers, employees, agents and other persons acting in any capacity requiring that would require such persons to handle funds, money, documents or papers relating to the Mortgage Loans (collectively, the “Servicer Employees”). Any such fidelity bond and errors and omissions insurance shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including losses relating to forgery, theft, embezzlement, fraud, errors and omis-sionsomissions, failure to maintain any insurance policies required pursuant to under this Agreement, Agreement and negligent acts of such Servicer Employees. Such fidelity bond shall also protect and insure the Servicer against losses in connection with relating to the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 2.11 requiring such fidelity bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx MBS Selling and Servicing Guide, Guide or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Guide, as amended or restated from time to time. Upon At the request of the Owner, the Servicer shall cause to be delivered to the Owner a certified true copy of such fidelity bond and errors and omissions insurance policy and a statement from the surety and the insurer that such fidelity bond and errors and omissions insurance policy shall in no event not be terminated or materially modified without 30 days thirty (30) days’ prior written notice to the Owner.

Fidelity Bond; Errors and Omissions Insurance. The Servicer shall maintain, at its own expense, with responsible companies that meet the requirements of Xxxxxx Xxx or Xxxxxxx Mac, a blanket fidelity bond and an errors and omissions insurance policy, with broad coverage with responsible companies that would meet the requirements of Xxxxxx Mae and Xxxxxxx Mac on all officers, employees, agents and employees or other persons Persons acting in any capacity requiring such persons with regard to the Mortgage Loans to handle funds, money, documents or and papers relating to the Mortgage Loans (collectively, the “Servicer Employees”)Loans. Any such fidelity bond The Fidelity Bond and errors and omissions insurance shall be in the form of the "Mortgage Banker's Blanket Bond Bond" and shall protect and insure the Servicer against losses, including losses arising by virtue of any Mortgage Loan not being satisfied in accordance with the procedures set forth in Section 7.02 and/or losses resulting from or arising in connection with forgery, theft, embezzlement, fraud, errors and omis-sions, failure to maintain any insurance policies required pursuant to this Agreement, omissions and negligent acts of or by such Servicer EmployeesPersons. Such fidelity bond Fidelity Bond shall also protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 3.12 5.12 requiring such fidelity bond the Fidelity Bond and errors and omissions insurance shall diminish or relieve the Servicer from its duties and obliga-tions obligations as set forth in this Agreement. The terms of minimum coverage under any such fidelity bond and errors and omissions insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Selling Guide and Servicing Guide, or by Xxxxxxx Mac in the Xxxxxxx Mac Seller’s and Servicer’s Servicing Guide. Upon the request of the Owner, the The Servicer shall cause to be delivered to the Owner Purchaser upon request: (i) a certified true copy of such fidelity bond the Fidelity Bond and errors and omissions insurance policy and policy; (ii) a written statement from the surety and the insurer that such fidelity bond and errors and omissions Fidelity Bond or insurance policy shall in no event be terminated or materially modified without 30 days days' prior written notice to the OwnerPurchaser; and (iii) written evidence reasonably satisfactory to the Purchaser that such Fidelity Bond or insurance policy provides that the Purchaser is a beneficiary or loss payee thereunder.