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;
Appears in 3 contracts
Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp), Assignment, Assumption and Recognition Agreement (United Panam Financial Corp), Mortgage Loan Purchase and Interim Servicing 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;
Appears in 1 contract
Samples: Assignment, Assumption and Recognition Agreement (United Panam Financial Corp)
