Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage Loan, the amount of such Realized Loss is equal to (a) the sum of: (i) Unpaid Principal Balance; (ii) unpaid interest accrued at the related Mortgage Interest Rate; (iii) attorneys' fees and other foreclosure and sale expenses; (iv) unpaid taxes; (v) unpaid property maintenance expenses; (vi) unpaid insurance premiums; and (vii) hazard loss expenses; less the sum of: (i) the balance of Escrow Funds, if any; (ii) any refund of any Hazard Insurance premium; (iii) rental income receipts; (iv) Insurance Proceeds or PMI Advances; (v) cash proceeds of any foreclosure sale; (vi) proceeds from sale of a REO; and (vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 36 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-16 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar3 Trust)
Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage LoanLoan or pursuant to Section 17.7.3, the amount of such Realized Loss is equal to (a) the sum of:
(i) Unpaid Principal Balance;
(ii) unpaid interest accrued at the related Mortgage Interest Rate;
(iii) attorneys' fees and other foreclosure and sale expenses;
(iv) unpaid taxes;
(v) unpaid property maintenance expenses;
(vi) unpaid insurance premiums; and
(vii) hazard loss expenses; less the sum of:
(i) the balance of Escrow Funds, if any;
(ii) any refund of any Hazard Insurance premium;
(iii) rental income receipts;
(iv) Insurance Proceeds or PMI Advances;
(v) cash proceeds of any foreclosure sale;
(vi) proceeds from sale of a REO; and
(vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 34 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-6 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust)
Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage LoanLoan or pursuant to Section 17.7.3, the amount of such Realized Loss is equal to (a) the sum of:
(i) Unpaid Principal Balance;
(ii) unpaid interest accrued at the related Mortgage Interest Rate;
(iii) attorneys' fees and other foreclosure and sale expenses;
(iv) unpaid taxes;
(v) unpaid property maintenance expenses;
(vi) unpaid insurance premiums; and
and (vii) hazard loss expenses; less the sum of:
(i) the balance of Escrow Funds, if any;
(ii) any refund of any Hazard Insurance premium;
(iii) rental income receipts;
(iv) Insurance Proceeds or PMI Advances;
(v) cash proceeds of any foreclosure sale;
(vi) proceeds from sale of a REO; and
(vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 2 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-16 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar18 Trust)
Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage LoanLoan or pursuant to Section 17.7.3, the amount of such Realized Loss is equal to (a) the sum of:
(i) Unpaid Principal Balance;
(ii) unpaid interest accrued at the related Mortgage Interest Rate;
(iii) attorneys' fees and other foreclosure and sale expenses;
(iv) unpaid taxes;
(v) unpaid property maintenance expenses;
(vi) unpaid insurance premiums; and
(vii) hazard loss expenses; less the sum of:
(i) the balance of Escrow Funds, if any;
(ii) any refund of any Hazard Insurance premium;
(iii) rental income receipts;
(iv) Insurance Proceeds or PMI Advances;
(v) cash proceeds of any foreclosure sale;
; (vi) proceeds from sale of a REO; and
(vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-3 Trust)
Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage LoanLoan or pursuant to Section 17.7.3, the amount of such Realized Loss is equal to (a) the sum of:
(i) Unpaid Principal Balance;
(ii) unpaid interest accrued at the related Mortgage Interest Rate;
(iii) attorneys' β fees and other foreclosure and sale expenses;
(iv) unpaid taxes;
(v) unpaid property maintenance expenses;
(vi) unpaid insurance premiums; and
(vii) hazard loss expenses; less the sum of:
(i) the balance of Escrow Funds, if any;
(ii) any refund of any Hazard Insurance premium;
(iii) rental income receipts;
(iv) Insurance Proceeds or PMI Advances;
(v) cash proceeds of any foreclosure sale;
(vi) proceeds from sale of a REO; and
(vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
Liquidation Realized Loss Determination. With respect to the calculation of a Realized Loss suffered on the related Mortgage Loan on a Liquidation of such Mortgage Loan, the amount of such Realized Loss is equal to (a) the sum of:
(i) Unpaid Principal Balance;
(ii) unpaid interest accrued at the related Mortgage Interest Rate;
(iii) attorneys' fees and other foreclosure and sale expenses;
(iv) unpaid taxes;
(v) unpaid property maintenance expenses;
(vi) unpaid insurance premiums; and
(vii) hazard loss expenses; less the sum of:
(i) the balance of Escrow Funds, if any;
(ii) any refund of any Hazard Insurance premium;
(iii) rental income receipts;
(iv) Insurance Proceeds or PMI Advances;
(v) cash proceeds of any foreclosure sale;
(vi) proceeds from sale of a REO; and
and (vii) any amounts received pursuant to bankruptcy or insolvency proceedings.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-15 Trust)