Flood Certifications. The Seller shall have obtained a life of loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser or, in the alternative, the Seller shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretion;
Appears in 4 contracts
Samples: Mortgage Loan Purchase and Interim Servicing Agreement (E Loan Inc), Mortgage Loan Purchase Agreement (ECC Capital CORP), Mortgage Loan Purchase and Interim Servicing Agreement (E Loan Inc)
Flood Certifications. The Seller shall have obtained a life of loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser Countrywide or, in the alternative, the Seller shall notify the Purchaser Countrywide as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser Countrywide a fee for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser Countrywide in its reasonable discretion;
Appears in 3 contracts
Samples: Mortgage Loan Servicing Rights Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar3), Mortgage Loan Servicing Rights Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar2), Mortgage Loan Servicing Rights Purchase and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Ar1)
Flood Certifications. The Seller shall have obtained a life of -------------------- loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser or, in the alternative, the Seller -- shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee of fifteen dollars ($15.00) for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretionLoan;
Appears in 3 contracts
Samples: Mortgage Loan Purchase and Interim Servicing Agreement (United Panam Financial Corp), Assignment, Assumption and Recognition Agreement (United Panam Financial Corp), Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)
Flood Certifications. The Seller shall have obtained a life of -------------------- loan, transferable flood certification contract for each Mortgage Loan and shall assign all such contracts to the Purchaser or, in -- the alternative, the Seller shall notify the Purchaser as to any Mortgage Loans for which it has not procured the flood certification referenced above and shall pay to the Purchaser a fee of fifteen dollars ($15.00) for each such Mortgage Loan equal to the fee that is customarily charged for each such contract, as determined by the Purchaser in its reasonable discretionLoan;
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)