Common use of Inspections Clause in Contracts

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 51 contracts

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Osi), Securitization Servicing Agreement (Structured Asset Securities CORP 2007-Bc1), Securitization Servicing Agreement (BNC Mortgage Loan Trust 2007-1)

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Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Accepted Servicing Standard Practices or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 21 contracts

Samples: Transfer and Servicing Agreement (Homebanc Corp), Pooling and Servicing Agreement (Homebanc Corp), Transfer and Servicing Agreement (Homebanc Corp)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard Standards or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 18 contracts

Samples: Transfer and Servicing Agreement (New York Mortgage Trust 2005-3), Securitization Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance preserved and which is both consistent with the Accepted Servicing Standard or as may be required by Practices and with any requirements of the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 15 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-9sl), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-7ax)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 9 contracts

Samples: Sale and Servicing Agreement (Indymac Abs Inc), Custodial Agreement (Aames Mortgage Investment Trust 2006-1), Transfer and Servicing Agreement (Aames Mortgage Investment Trust 2005-4)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 6 contracts

Samples: Repurchase and Servicing Agreement (PHH Corp), Repurchase and Servicing Agreement (PHH Corp), Mortgage Loan Purchase and Servicing Agreement (PHH Corp)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate whole in accordance with the Accepted Servicing Standard or as may be required by the primary mortgage guaranty insurerPractices. The Servicer shall keep a written report of each such inspection.

Appears in 4 contracts

Samples: Servicing Agreement (Nb Capital Corp), Servicing Agreement (Nb Capital Corp), Servicing Agreement (Nb Finance LTD)

Inspections. The Servicer shall inspect the Mortgaged Property as often as is deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, The Servicer shall document on its servicing system each such inspection. The costs of such inspections shall be treated as Servicing Advances for which the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate entitled to full reimbursement for in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspectionSection 2.05(iv).

Appears in 3 contracts

Samples: Flow Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Oa1), Flow Servicing Agreement (Deutsche Alt-B Securities Mortgage Loan Trust, Series 2006-Ab3), Flow Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2007-Oa2)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard Standards or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 3 contracts

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP), Transfer and Servicing Agreement (Fieldstone Mortgage Investment Trust, Series 2006-2), Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Inspections. The Servicer shall inspect the Mortgaged Property related to each such Purchased Asset as often as deemed necessary by the Servicer under the in accordance with Accepted Servicing Standard to assure itself that the value of the Mortgaged Property is being preservedPractices. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate conduct subsequent inspections in accordance with the Accepted Servicing Standard or as may be required by the primary mortgage guaranty insurerPractices. The Servicer shall keep a written report of each such inspectioninspection and shall provide a copy of such inspection to Buyer upon the request of Buyer.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Finance of America Companies Inc.), Master Repurchase Agreement (Finance of America Companies Inc.)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurerStandard. The Servicer shall keep a written report of each such inspection.

Appears in 1 contract

Samples: Servicing Agreement (GSAA Home Equity Trust 2006-3)

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Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate conduct subsequent inspections in accordance with the Customary Servicing Standard or as may be required by the primary mortgage guaranty insurerProcedures. The Servicer shall keep a written report of each such inspectioninspection and shall provide a copy of such inspection to the Purchaser upon the request of the Purchaser.

Appears in 1 contract

Samples: Mortgage Loan Sale and Servicing Agreement (Sequoia Mortgage Trust 2011-2)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Fieldstone Mortgage Investment CORP)

Inspections. The Servicer shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under the in accordance with Accepted Servicing Standard Practices to assure itself that the value of the Mortgaged Property is being preserved. In addition, if any Mortgage Loan delinquent, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Accepted Servicing Standard Practices or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Finance America Mortgage Loan Trust 2004-1)

Inspections. The Servicer Servicer[s] shall inspect the Mortgaged Property as often as deemed necessary by the [the/each] Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer Servicer[s] shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Accepted Servicing Standard Practices or as may be required by the primary mortgage guaranty insurer. The Servicer Servicer[s] shall keep a written report of each such inspection.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (TBALT Corp.)

Inspections. The Servicer or its agent shall inspect the Mortgaged Property as often as deemed necessary by the Servicer under in accordance with Applicable Requirements or as may be required by the Servicing Standard primary mortgage guaranty insurer, to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Servicing Standard or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written record of each such inspection and, upon request, shall provide the Investor with an electronic report of each such inspection.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Real Estate Investment Corp.)

Inspections. The Servicer Servicer[s] shall inspect the Mortgaged Property as often as deemed necessary by the [related] Servicer under the Servicing Standard to assure itself that the value of the Mortgaged Property is being preserved. In addition, the Servicer shall inspect the Mortgaged Property and/or take such other actions as may be necessary or appropriate in accordance with the Accepted Servicing Standard Practices or as may be required by the primary mortgage guaranty insurer. The Servicer shall keep a written report of each such inspection.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (TBALT Corp.)

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