Foreclosure Actions. Servicer shall act to institute foreclosure or similar proceedings for and on behalf of Purchaser as to obligations in the Mortgage Loans which are in default but only upon the written direction of Purchaser, and if so directed shall promptly institute such proceedings or cause such proceedings to be instituted. Servicer shall provide Purchaser with information necessary for Purchaser to make an informed decision with respect to the foregoing.
Appears in 4 contracts
Samples: Servicing Agreement (Steward Realty Trust, Inc.), Servicing Agreement (Steward Realty Trust, Inc.), Servicing Agreement (Steward Realty Trust, Inc.)
Foreclosure Actions. Servicer shall act to institute foreclosure or similar proceedings for and on behalf of Purchaser as to obligations in the Mortgage Loans which are in default but only upon the written direction of Purchaser, and if so directed shall promptly institute such proceedings or cause such proceedings to be instituted. Servicer Se rvicer shall provide Purchaser with information necessary for Purchaser to make an informed decision with respect to the foregoing.
Appears in 1 contract
Samples: Servicing Agreement
