Loan Servicing. The Lender will be re- sponsible for servicing the entire loan and will remain mortgagee and/or secured party of record. The entire loan will be secured by the same security with equal lien priority for the guaranteed and unguaranteed por- tions of the loan. The Lender will receive all payments on account of principal of, or interest on, the entire loan and shall promptly remit to the Holder its pro rata share thereof determined according to their respective interests in the loan, less only Xxxxxx’s servicing fee.
Appears in 5 contracts
Samples: Loan Note Guarantee, Loan Note Guarantee Agreement, Loan Note Guarantee Agreement
