Common use of Maintenance of Certain Servicing Insurance Policies Clause in Contracts

Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal to the coverage that would be required by FNMA or FHLMC, whichever is greater, for Persons performing servicing for mortgage loans purchased by such entity.

Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal shall, together, comply with the requirements from time to the coverage that would be required by FNMA or FHLMC, whichever is greater, time of Fannie Mae for Persons performing servicing for mortgage loans purchased by such entitypurchasxx xx sxxx association.

Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal shall, together, comply with the requirements from time to the coverage that would be required by FNMA or FHLMC, whichever is greater, time of Fannie Mae for Persons persons performing servicing for mortgage loans purchased by such entitypurcxxxxx bx Xannie Mae.

Maintenance of Certain Servicing Insurance Policies. The Servicer shall during the term of its service as servicer maintain in force (i) a policy or policies of insurance covering errors and omissions in the performance of its obligations as servicer hereunder and (ii) a fidelity bond in respect of its officers, employees or agents. Each such policy or policies and bond shall be at least equal shall, together, comply with the requirements from time to the coverage that would be required by FNMA or FHLMC, whichever is greater, time of Xxxxxx Xxx for Persons performing servicing for mortgage loans purchased by such entityassociation.