Flood Certificates. The Master Servicer agrees to transfer flood certificates to the Special Sub-Servicer, provided that the flood certificates are transferred to the Special Sub-Servicer at no cost. For Mortgage Loans without a flood certificate, the Special Sub-Servicer may deduct from its remittance to the Master Servicer $[35] per Mortgage Loan to purchase such flood certificate.
Appears in 2 contracts
Samples: Special Sub Servicing Agreement (CWABS Asset-Backed Certificates Trust 2007-Bc1), Special Sub Servicing Agreement (CWABS Asset-Backed Certificates Trust 2006-1)
Flood Certificates. The Master Servicer Company agrees to transfer flood certificates to the Special Sub-Servicer, provided that the flood certificates are transferred to the Special Sub-Servicer at no cost. For Mortgage Loans without a flood certificate, the Special Sub-Servicer may deduct from its remittance to the Master Servicer Company $[35] 35 per Mortgage Loan to purchase such flood certificate.
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc Series 2004-Ncm2), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Mortgage Pass-Through Certificates, Series 2004-Ncm1)
Flood Certificates. The Master Servicer Company agrees to transfer flood certificates to the Special Sub-Servicer, provided that the flood certificates are transferred to the Special Sub-Servicer at no cost. For Mortgage Loans mortgage loans without a flood certificate, the Special Sub-Servicer may deduct from its remittance to the Master Servicer Company $[35] 50.00 per Mortgage Loan mortgage loan to purchase such flood certificate.
Appears in 1 contract
Samples: Special Servicing Agreement (Citicorp Mortgage Securities Inc)
