Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the Servicer to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer shall obtain and maintain such force placed hazard insurance at the Mortgagor's cost and expense.
Appears in 45 contracts
Samples: Master Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h), Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h), Assignment and Assumption Agreement (Structured Asset Securities Corp)
Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the Servicer Company to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer Company shall obtain and maintain such force placed hazard insurance at the Mortgagor's cost and expense.
Appears in 12 contracts
Samples: Sale and Servicing Agreement (Structured Asset Securities Corp), Sale and Servicing Agreement (Lehman XS Trust Series 2006-10n), Warranties and Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h)
Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the Servicer Company to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer Company shall obtain and maintain such force placed hazard insurance at the Mortgagor's ’s cost and expense.
Appears in 6 contracts
Samples: Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2006-2f), Flow Sale and Servicing Agreement (GSR 2006-Ar2), Second Amended And (GSR Mortgage Loan Trust 2007-4f)
Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the Servicer Company to obtain and maintain such insurance at such MortgagorXxxxxxxxx's cost and expense, and to seek reimbursement therefor from the Mortgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer Company shall obtain and maintain such force placed hazard insurance at the Mortgagor's cost and expense.
Appears in 1 contract
Samples: Ex 99 (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h)
Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the Servicer Company to obtain and maintain such insurance at such MortgagorMxxxxxxxx's cost and expense, and to seek reimbursement therefor from the Mortgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer Company shall obtain and maintain such force placed hazard insurance at the Mortgagor's cost and expense.
Appears in 1 contract
Samples: Master Mortgage Loan Sale and Servicing Agreement (Structured Asset Securities Corp)
Force Placed Insurance. Each Mortgage obligates the Mortgagor thereunder to maintain the required hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the Servicer Company to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagorfrxx xxx Xxrtgagor. Upon any failure of the Mortgagor to maintain the required hazard insurance, the Servicer Company shall obtain and maintain such force placed hazard insurance at the Mortgagor's cost and expense.
Appears in 1 contract
