Hazard or Property Insurance. For each Mortgage Loan that is secured by a first lien, the Direct Servicer will cause hazard insurance, if available and not unreasonably expensive in keeping with Accepted Servicing Practices, to be maintained on the related Mortgaged Property in an amount consistent with the related Mortgage Documents, unless such insurance is not required under either the related Mortgage Documents or the related Servicing Contract for that Mortgage Loan when it is transferred to the Trust.
Appears in 4 contracts
Samples: Master Trust Agreement, Federal National Mortgage Association, Master Trust Agreement
Hazard or Property Insurance. For each Mortgage Loan that is secured by a first lien, the Direct Primary Servicer will cause hazard insurance, if available and not unreasonably expensive in keeping with Accepted Servicing Practices, to be maintained on the related Mortgaged Property in an amount consistent with the related Mortgage Documents, unless such insurance is not required under either the related Mortgage Documents or the related Servicing Contract for that Mortgage Loan when it is transferred to the Trust.Loan.
Appears in 2 contracts
Samples: Multifamily Master Trust Agreement, Multifamily Master Trust Agreement
Hazard or Property Insurance. For each Mortgage Loan that is secured by a first lien, the Direct Primary Servicer will cause hazard insurance, if available and not unreasonably expensive in keeping with Accepted Servicing Practices, to be maintained on the related Mortgaged Property in an amount consistent with the related Mortgage Documents, unless such insurance is not required under either the related Mortgage Documents or the related Servicing Contract for that Mortgage Loan when it is transferred to the TrustLoan.
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