Common use of Maintenance of Fidelity Bond and Errors and Omissions Insurance Clause in Contracts

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 29 contracts

Samples: Correspondent Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-22), Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-21), Correspondent Servicing Agreement (Structured Asset Securities Corp)

AutoNDA by SimpleDocs

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerServicer or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer or the NIMS Insurer.

Appears in 26 contracts

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2004-9), Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2004-8), Securitization Servicing Agreement (Amortizing Residential Collateral Trust, Series 2004-1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("in the case of a Servicer, “Servicer Employees",” and in the case of the Master Servicer, “Master Servicing Employees”). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of a Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 17 contracts

Samples: Pooling and Servicing Agreement (CSFB Mort Sec Corp Mort Backed Pass THR Certs Ser 2003 Ar5), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2003-Ar9), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2003-Ar12)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 14 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-11h), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 01 16h), Assignment and Assumption Agreement (Structured Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Xxx Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 12 contracts

Samples: Flow Interim Servicing Agreement (Structured Asset Securities Corp), Flow Interim Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-37a), Flow Interim Servicing Agreement (Structured Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer party a statement from the surety and the insurer that certified true copy of such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicerpolicy.

Appears in 11 contracts

Samples: Securitization Servicing Agreement (Lehman XS Trust Series 2007-15n), Securitization Servicing Agreement (Greenpoint Mortgage Funding Trust 2007-Ar1), Securitization Servicing Agreement (Lehman XS 2007-4n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("in the case of a Servicer, “Servicer Employees",” and in the case of the Master Servicer, “Master Servicer Employees”). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of the Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 11 contracts

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Series 2002-29), Pooling and Servicing Agreement (Credit Suisse First Boston Mort Back Ps THR Cert Ser 2002-34), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 10 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-3), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 9 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Flow Interim Servicing Agreement (Lehman XS Trust Series 2006-10n), Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mxx in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer party a statement from the surety and the insurer that certified true copy of such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicerpolicy.

Appears in 9 contracts

Samples: Securitization Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Ar5), Securitization Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Ar7), Securitization Servicing Agreement (Lehman XS Trust Series 2006-12n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy party a certified true copy of such Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and, at its request, the NIMS Insurer.

Appears in 8 contracts

Samples: Securitization Servicing Agreement (Fremont Home Loan Trust 2004-3), Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2), Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-7)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' /Servicer Guide. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 7 contracts

Samples: Flow Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-5f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-4f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 6 contracts

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff12), Securitization Servicing Agreement (Structured Asset Securities Corp 2005-S4), Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff9)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal acceptable to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certificate of insurance for such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 5 contracts

Samples: Servicing Agreement (Luminent Mortgage Trust 2007-2), Servicing Agreement (Banc of America Funding 2007-6 Trust), Servicing Agreement (Banc of America Funding 2007-2 Trust)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 5 contracts

Samples: Securitization Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11), Securitization Subservicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2004-S1), Securitization Subservicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-S2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mxx Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 4 contracts

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff15), Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-FFB), Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff14)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance PolicyPolicy acceptable to Xxxxxx Mae or Xxxxxxx Mac, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal acceptable to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certificate of insurance for such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 thirty days' prior written notice to the Master ServicerOwner.

Appears in 4 contracts

Samples: Servicing Agreement (HASCO Trust 2007-He2), Reconstituted Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He1), Servicing Agreement (HSI Asset Securitization CORP Trust 2006-He2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddix Xxx XxxxxxxSxxxers' & ServicersSxxxxxxrs' Guide. Upon the request thx xxxxxst of the Master Servicerany Owxxx, the Servicer shall xxx Xxxxxxxx xhall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 4 contracts

Samples: Assignment and Assumption Agreement (Structured Asset Securities Corp), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h), Assignment and Assumption Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mxx Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide, or as otherwise acceptable to Fxxxxx Mae and Fxxxxxx Mac. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 4 contracts

Samples: Securitization Subservicing Agreement (Structured Asset Investment Loan Trust 2004-6), Subservicing Agreement (Sasco 2006-Bc3), Subservicing Agreement (Sasco 2006-Bc2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. (a) The Master Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all directors, officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("Servicer “Master Servicing Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such the Master Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 8.02 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master ServicerSecurities Administrator, the Master Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Securities Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Securities Administrator. The Master ServicerServicer shall (i) require each Servicer to maintain an Errors and Omissions Insurance Policy and a Fidelity Bond in accordance with the provisions of the applicable Servicing Agreement, (ii) cause each Servicer to provide to the Master Servicer certificates evidencing that such policy and bond is in effect and to furnish to the Master Servicer any notice of cancellation, non-renewal or modification of the policy or bond received by it, as and to the extent provided in the applicable Servicing Agreement, and (iii) furnish copies of the certificates and notices referred to in clause (ii) to the Securities Administrator upon its request.

Appears in 4 contracts

Samples: Trust Agreement (GSR Mortgage Loan Trust 2004-11), Trust Agreement (Gs Mortgage Sec Corp Mort Pass THR Certs Ser 2004-3f), Trust Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2004-2f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide, or as otherwise acceptable to Xxxxxx Xxx or Xxxxxxx Mac. Upon the request of the Master ServicerServicer or the Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the Trustee.

Appears in 4 contracts

Samples: Securitization Subservicing Agreement (Structured Asset Securities Corporation, 2005-Gel4), Subservicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1), Subservicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 5.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac Guides. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that such Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser. Upon request of the Purchaser, the Seller shall cause to be delivered to the Purchaser a certified true copy of such policy and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without 30 days’ prior written notice to the Purchaser.

Appears in 4 contracts

Samples: Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-10), Reconstituted Servicing Agreement (LXS 2007-3), Lehman Brothers (Structured Adjustable Rate Mortgage Loan Trust Series 2007-5)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 4 contracts

Samples: Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-4), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-5), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mxx in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-8), Warranties and Servicing Agreement (Lehman XS Trust Series 2006-16n), Warranties and Servicing Agreement (Lehman XS Trust Series 2007-12n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Xxx Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' Mac Servicers’ & Servicers' Guide. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 3 contracts

Samples: Flow Servicing Agreement (GSR 2006-5f), Flow Servicing Agreement (GSR 2006-4f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-2f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy person a certified true copy of such Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the NIMS Insurer.

Appears in 3 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2003-Bc2), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2003 Bc1), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc10)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 3 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp), Master Servicing Agreement (Structured Asset Securities Corp 2004-18h), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee or the NIMS Insurer.

Appears in 3 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Pass THR Cert Ser 2002 Bc3), Securitization Servicing Agreement (Amoritizing Residential Col Tr Mor Pas Thru Cer Ser 2002-Bc6), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc7)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddxx Xxx XxxxxxxXxxlers' & ServicersXxxxxxers' Guide. Upon the request txx xxxxest of the Master Servicerany Oxxxx, the Servicer xxx Xxxxxxxx shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 3 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp), Master Servicing Agreement (Structured Asset Securities Corp), Assignment and Assumption Agreement (Structured Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee or the NIMS Insurer.

Appears in 3 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1), Securitization Servicing Agreement (Structured Asset Securities Corp), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 Bc4)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer FNMA in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae FNMA Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Mac FHLMC in the Xxxxxxx Xxx Xxxxxxx' & Servicers' FHLMC Guide. Upon the request of the Master ServicerPurchaser, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Master ServicerPurchaser. In the event that the surety or insurer charges the Servicer a fee for providing such evidence, the Purchaser shall reimburse the Servicer for the reasonable expense incurred by the Servicer in furnishing such evidence.

Appears in 3 contracts

Samples: Servicing Agreement (Franklin Finance Corp), Servicing Agreement (Flagstar Capital Corp), Servicing Agreement (D&n Capital Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 3 contracts

Samples: Reconstituted Servicing Agreement (Lehman XS Trust 2007-1), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mor Pas THR Ce Se 2003-12xs), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-3)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding coverage amounts required by which are acceptable for the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required as determined by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 3 contracts

Samples: Securitization Servicing Agreement (Fieldstone Mortgage Investment CORP), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc3), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, Fannie Mae Xxxxxs xx by Fredxxx Xxc in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mxx Xxxxers' & ServicersServixxxx' GuideXxxxx. Upon the Xxxx xhe request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 2 contracts

Samples: Master Servicing Agreement (Structured Asset Securities Corp), Master Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003-7h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Xxx Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 2 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerServicer or the Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Master ServicerServicer and the Trustee.

Appears in 2 contracts

Samples: Securitization Servicing Agreement (Wells Fargo Home Equity Trust Mort Pass Thru Cert Ser 2004-1), Securitization Servicing Agreement (Wells Fargo Home Equity Trust Mort Pass Thru Cert Ser 2004-1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddix Xxx XxxxxxxSellers' & ServicersSxxxxxxrx' Guide. Upon the request thx xxxxxst of the Master Servicerany Owxxx, the Servicer shall xxx Xxxxxxxx xhall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 2 contracts

Samples: Master Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-33h), Assignment and Assumption Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees")Loans. Any such These policies shall insure the Seller against losses resulting from dishonest or fraudulent acts committed by the Seller's personnel, any employees of outside firms that provide data processing services for the Seller, and temporary contract employees or student interns. The Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall also protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFxxxxxx Mac Servicexx' & Servicers' GuideXxixx or in an amount as may xx xxxxitted to the Xxxxxx by express waiver of Fannie Mae or Freddie Mac. Upon the request of the Master ServicerPurchaser, the Servicer shall Sellex xxxxl cause to be delivered xx xx xelivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind2), Assignment and Recognition Agreement (BCAP LLC Trust 2006-Aa2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFredxxx Xxc Xxxlers' & ServicersSxxxxxxrs' Guide. Upon the request txx xxxxest of the Master Servicerany Oxxxx, the Servicer xxx Xxxxxxxr shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 2 contracts

Samples: Assignment and Assumption Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h), Assignment and Assumption Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFrxxxxx Mac Sellers' & ServicersXxxvxxxrs' Guide. Upon the request Upox xxx xequest of the Master Servicerthx Xxxxxxxxx, the Servicer xxx Xxrvicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 2 contracts

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-1xs), Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2006-17xs)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mxx Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 2 contracts

Samples: Flow Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-15), Interim Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal acceptable to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 2 contracts

Samples: Subservicing Agreement (Structured Asset Securities Corp), Subservicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer or the NIMS Insurer.

Appears in 2 contracts

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc3), Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc4)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' /Servicer Guide. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 2 contracts

Samples: Flow Servicing Agreement (GSR Mortgage Loan Trust 2006-8f), Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-2f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddxx Xxx XxxxxxxXxxvicers' & ServicersXxxxicers' Guide. Upon the request xxx xxquest of the Master ServicerXxxxx, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 2 contracts

Samples: Flow Servicing Agreement (GSAA Home Equity Trust 2006-3), Flow Servicing Agreement (GSAA Home Equity Trust 2006-4)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans (in the case of a Servicer, "Servicer Employees," and in the case of the Master Servicer, "Master Servicing Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of the Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp), Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certificates Ser 2002 10)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. (a) The Master Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all directors, officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("Servicer “Master Servicing Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such the Master Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 8.02 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guideor Freddie Mac. Upon the request of the Master ServicerSecurities Administrator, the Master Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Securities Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Securities Administrator. The Master ServicerServicer shall (i) require each Servicer to maintain an Errors and Omissions Insurance Policy and a Fidelity Bond in accordance with the provisions of the applicable Servicing Agreement, (ii) cause each Servicer to provide to the Master Servicer certificates evidencing that such policy and bond is in effect and to furnish to the Master Servicer any notice of cancellation, non-renewal or modification of the policy or bond received by it, as and to the extent provided in the applicable Servicing Agreement, and (iii) furnish copies of the certificates and notices referred to in clause (ii) to the Securities Administrator upon its request.

Appears in 2 contracts

Samples: Trust Agreement (GSR Mortgage Loan Trust 2006-1f), Trust Agreement (GSR 2006-Ar2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddie Xxx XxxxxxxXexxxrs' & ServicersSexxxxxxs' Guide. Upon the request xxxxxxt of the Master Servicerany Ownxx, the Servicer shall xxx Xxxxxxxx xxall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Master Servicing Agreement (Structured Asset Securities Corp Mort Pass Thru Ser 2004-5h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sasco Mortgage Loan Trust Series 2003-Gel1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mxx in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fxxxxx Mae Mortgage-Backed Securities MBS Selling and Servicing Guide and by Xxxxxxx or Fxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Fxxxxxx Mac Servicing Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (First NLC Trust 2005-2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Interim Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("“Interim Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Interim Servicer against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Interim Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Interim Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Interim Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Interim Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Flow Interim Servicing Agreement (GreenPoint Mortgage Funding Trust 2006-Oh1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 1 contract

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

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerServicer or the Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the Trustee.

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Sec Corp Mort Pass-THR Certs Ser 2004-Gel1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide, or as otherwise acceptable to Xxxxxx Xxx and Xxxxxxx Mac. Upon the request of the Master ServicerServicer or the Indenture Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the Indenture Trustee.

Appears in 1 contract

Samples: Securitization Subservicing Agreement (SASCO Mortgage Loan Trust 2004-Gel3)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fanxxx Xxe Xxides or by Frexxxx Xxc in the Servicer's Frexxxx Xxx Xxxxxxx’ & Servicers’ Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling or as otherwise acceptable to Fanxxx Xxe and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFrexxxx Xxc. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 1 contract

Samples: Subservicing Agreement (BNC Mortgage Loan Trust 2006-2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mxx in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerServicer or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy party a certified true copy of such Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer or the NIMS Insurer.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Osi)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee or the NIMS Insurer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerServicer or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy party a certified true copy of such Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the NIMS Insurer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pas THR Certs Series 2003 Bc3)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such person a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002 Hf2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees")Loans. Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employeespersons. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by acceptable to Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master ServicerServicer or the Indenture Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that or the Indenture Trustee, as the case may be, a certificate of insurance for such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOmissions Insurance Policy.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (First NLC Securitization, Inc.)

AutoNDA by SimpleDocs

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companiesmaintain, at its own expense, a blanket Fidelity Bond fidelity bond and an Errors errors and Omissions Insurance Policyomissions insurance policy, with broad coverage with responsible companies on all officers, employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loan to handle funds, money, 201359 HomeBanc 2006-2 Transfer and Servicing Agreement documents or and papers relating to the Mortgage Loans ("Loan. The Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, embezzlement and fraud of such persons. The Servicer Errors and Omissions Insurance Policy shall protect and insure the Servicer against losses arising out of errors and omissions and negligent acts of such Servicer Employeespersons. Such Fidelity Bond and Servicer Errors and Omissions Insurance Policy shall also shall protect and insure the Servicer against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.02(l) requiring such the Servicer Fidelity Bond and or the Servicer Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideGuides. Upon the request of the Master ServicerServicer or the Indenture Trustee, the Servicer shall cause to be delivered deliver to the Master Servicer certificates evidencing that such policy and bond is in effect the Indenture Trustee a certificate from the surety and the insurer as to the existence of the Servicer Fidelity Bond and the Servicer Errors and Omissions Insurance Policy and shall furnish to the Master Servicer obtain a statement from the surety and the insurer that such fidelity bond Servicer Fidelity Bond or Servicer Errors and insurance policy Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' thirty (30) days prior written notice to the Master Servicer. The Servicer shall notify the Master Servicer and the Indenture Trustee within five (5) business days of receipt of notice that such Servicer Fidelity Bond or Servicer Errors and Omissions Insurance Policy will be, or has been, materially modified or terminated. The Issuer must be named as a loss payee on the Servicer Fidelity Bond and as an additional insured on the Servicer Errors and Omissions Insurance Policy. Upon request by the Master Servicer, the Servicer shall provide the Master Servicer with an insurance certificate certifying coverage under this Section 4.02(l), and will provide an update to such certificate upon request, or upon renewal or material modification of coverage.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (Homebanc Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The [The/Each] Servicer shall maintain with responsible companiesmaintain, at its own expense, a blanket Fidelity Bond fidelity bond and an Errors errors and Omissions Insurance Policyomissions insurance policy, with broad coverage with responsible companies on all officers, employees or other persons acting in any capacity requiring such persons with regard to the Mortgage Loan to handle funds, money, documents or and papers relating to the Mortgage Loans ("Loan. The Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Servicer[s] against losses, including forgery, theft, embezzlement, fraud, embezzlement and fraud of such persons. The Servicer Errors and Omissions Insurance Policy shall protect and insure the Servicer[s] against losses arising out of errors and omissions and negligent acts of such Servicer Employeespersons. Such Fidelity Bond and Servicer Errors and Omissions Insurance Policy shall also shall protect and insure the Servicer Servicer[s] against losses in connection with the failure to maintain any insurance policies required pursuant to this Agreement and the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 4.02(l) requiring such the Servicer Fidelity Bond and or the Servicer Errors and Omissions Insurance Policy shall diminish or relieve the [the/a] Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideGuides. Upon the request of the Master ServicerServicer or the Indenture Trustee, the [related] Servicer shall cause to be delivered deliver to the Master Servicer certificates evidencing that such policy and bond is in effect the Indenture Trustee a certificate from the surety and the insurer as to the existence of the Servicer Fidelity Bond and the Servicer Errors and Omissions Insurance Policy and shall furnish to the Master Servicer obtain a statement from the surety and the insurer that such fidelity bond Servicer Fidelity Bond or Servicer Errors and insurance policy Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' thirty (30) days prior written notice to the Master Servicer. The [related] Servicer shall notify the Master Servicer and the Indenture Trustee within five (5) business days of receipt of notice that such Servicer Fidelity Bond or Servicer Errors and Omissions Insurance Policy will be, or has been, materially modified or terminated. The Issuer must be named as a loss payee on the Servicer Fidelity Bond and as an additional insured on the Servicer Errors and Omissions Insurance Policy. Upon request by the Master Servicer, the [related] Servicer shall provide the Master Servicer with an insurance certificate certifying coverage under this Section 4.02(l), and will provide an update to such certificate upon request, or upon renewal or material modification of coverage.

Appears in 1 contract

Samples: Transfer and Servicing Agreement (TBALT Corp.)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Fannie Mae in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide Servixxxx Xuxxx and by Xxxxxxx Xxxxxxe Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Sellers' & Servicers' Guide. Upon the request of requxxx xx the Master ServicerSxxxxxxx, the Servicer xxx Xxxxxxer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-14)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac Guides. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that such Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-15n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac Guides. Upon the request of the Master ServicerPurchaser, the Servicer Seller shall cause to be delivered to the Master Servicer certificates evidencing that such Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-7n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddix Xxx XxxxxxxSxxxers' & ServicersSxxxxxxrs' Guide. Upon the request txx xxxxest of the Master Servicerany Oxxxx, the Servicer xxx Xxxxxxxx shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Master Servicing Agreement (Structured Asset Sec Mort Pass Thru Cert Ser 2002-22h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Fxxxxx Mxx in the Xxxxxx Fxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Correspondent Servicing Agreement (Structured Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide and Servixxxx Xuide or by Xxxxxxx Mac Fxxxxxx Xxx in the Xxxxxxx Xxx XxxxxxxFreddie Mac Sellers' & Servicers' Guide. Upon the request of the Master Servicerrequxxx xx any Purchasex, the Servicer shall xxx Xxxxxxx xxxxl cause to be delivered to the Master Servicer certificates evidencing that such Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Asset Securities Corp Mort Pas-THR Cert Ser 2002-)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Xxxxxxs' & ServicersServicexx' GuideXxide. Upon the request of the Master Servicerrequxxx xx any Owner, the Servicer shall cause txx Xxxxxxxx xxxxx xause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Master Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddix Xxx XxxxxxxSxxxers' & ServicersSxxxxxxrs' Guide. Upon the request thx xxxxxst of the Master ServicerPuxxxxxxx, the Servicer xxx Xxxxxx shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Interim Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2004-22)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFredxxx Xxc Sellers' & ServicersXxxxxcxxx' Guide. Upon the request xxx xxxuest of the Master ServicerXxxxxxxxx, the Servicer xxx Xxxxicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-3xs)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans XXXx ("Servicer Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan XXX without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 5.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Mac Guide. Upon the request of the Master ServicerPurchaser, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that holder of such fidelity bond and insurance policy a certified true copy of such fidelity bond and insurance policy. The Servicer shall in no event be terminated notify the Purchaser within five Business Days of receipt of notice that such Fidelity Bond or Errors and Omission Policy will be, or has been, materially modified without 30 days' prior written notice to or terminated. The Purchaser and its successors or assigns as their interests may appear must be named as loss payees on the Master ServicerFidelity Bond and as additional insured on the Errors and Omission Policy.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Samco Mortgage Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans (in the case of a Servicer, "Servicer Employees," and in the case of the Master Servicer, "Master Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of the Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2002 18)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide Guides and by Xxxxxxx Freddie Mac in the Xxxxxxx Freddxx Xxx XxxxxxxXxxlers' & ServicersXxxxxxers' Guide. Upon the request thx xxxxxst of the Master Servicerany Owxxx, the Servicer shall xxx Xxxxxxxx xhall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Ce Se 2001-Bc3)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fanxxx Xxe Xxides or by Frexxxx Xxc in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Frexxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ffa)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding coverage amounts required by which are acceptable for the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required as determined by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master Servicer, the NIMS Insurer or the Trustee, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the NIMS Insurer and the Trustee.

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2003-FFB)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Fxxxxx Mxx Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-14n)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal acceptable to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guideor Freddie Mac. Upon the request of the Master ServicerOwner, the Servicer shall xxxxx cause to be delivered xx xxxivered to the Master Servicer certificates evidencing that Owner a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs-FFMLT 2006-Ff13)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlementembezzle-ment, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.11 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mxx in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' /Servicer Guide. Upon the request of the Master ServicerOwner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Flow Servicing Agreement (GSR Mortgage Loan Trust 2007-1f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Xxx Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Correspondent Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-17)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Mae in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Xxx Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Structured Asset Sec Corp Mort Pas THR Cert Ser 2002 4h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer “Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicerany Purchaser, the Servicer Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (LMT 2006-4)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("in the case of a Servicer, “Servicer Employees",” and in the case of the Master Servicer, “Master Servicing Employees”). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of a Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in payment-in-full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CSFB Mortgage-Backed Pass-Through Certs Series 2003-Ar24)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx Fannie Mae in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing axx Xxxvxxxng Guide and by Xxxxxxx xxx xy Freddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Sellers' & Servicers' Guide. Upon the request xxx xxxuest of the Master ServicerXxxxxx Xxxxxxxx, the xxe Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer.

Appears in 1 contract

Samples: Correspondent Servicing Agreement (Lehman Sarm 2005-11)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and Guides or by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such person a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerServicer and the NIMS Insurer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Bc1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Insurer, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-Ff3)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. (a) The Master Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all directors, officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("Servicer “Master Servicing Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such the Master Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 8.02 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master ServicerSecurities Administrator, the Master Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Securities Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Securities Administrator. The Master ServicerServicer shall (i) require each Servicer to maintain an Errors and Omissions Insurance Policy and a Fidelity Bond in accordance with the provisions of the applicable Servicing Agreement, (ii) cause each Servicer to provide to the Master Servicer certificates evidencing that such policy and bond is in effect and to furnish to the Master Servicer any notice of cancellation, non-renewal or modification of the policy or bond received by it, as and to the extent provided in the applicable Servicing Agreement, and (iii) furnish copies of the certificates and notices referred to in clause (ii) to the Securities Administrator upon its request.

Appears in 1 contract

Samples: Trust Agreement (Gs Mortgage Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Seller shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Seller Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Seller against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Seller Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Seller against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 5.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Seller from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Xxxxxrs' & ServicersServicxxx' GuideXuxxx. Upon the request of reqxxxx xx the Master ServicerPurchasxx, the Servicer shall xxx Xxxxxx xxxxl cause to be delivered to the Master Servicer certificates evidencing that such Purchaser a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Mortgage Pass-Through Certificates, Series 2004-17)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx Xxxxxxx' Freddie Mac Sellers’ & Servicers' Guide. Upon the request of the Master Servicer, the Trustee or the NIMS Xxxxxxr, xhe Servicer shall cause shxxx xxxse to be delivered to the Master Servicer certificates evidencing that delxxxxxx xx xxxx xxxxon a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicereach such person.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003 Am1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in Fannie Max Xxxxes or by Frexxxx Xax xn the absence of such requirement, the corresponding amounts required by Xxxxxx Freddie Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx XxxxxxxXxxlers' & ServicersServxxxxx' GuideXxxxx. Upon Xxxx the request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Structured Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Master Servicer and each Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans (in the case of a Servicer, "Servicer Employees," and in the case of the Master Servicer, "Master Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer or the related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of the Master Servicer Employees, in the case of the Master Servicer, or such Servicer Employees, in the case of the Servicer. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer and each Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer or a Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideFNMA. Upon the request of the Master ServicerTrust Administrator, the Master Servicer or the related Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Trust Administrator a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerTrust Administrator.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons Persons acting in any capacity requiring such persons Persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the acceptable to Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by or Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' GuideMac. Upon the request of the Master Servicerany Owner, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Owner a certificate of insurance for such Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar2)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFxxxxxx Mac Sellers' & ServicersXxrxxxers' Guide. Upon the Upxx xxx request of the Master Servicertxx Xxxxxxxxx, the Servicer xxx Xervicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-2ax)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx Xxxxxxx' Freddie Mac Sellers’ & Servicers' Guide, or as otherwise acceptabxx xx Fxxxie Mae and Frexxxx Xxc. Upon the request of the Master xxxxxxx xx xxx Xxxter Servicer, the Servicer Trustee or the NIMS Insurer, the Sxxxxxxr shall cause to cxxxx xx be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master Servicer, the Trustee and the NIMS Insurer.

Appears in 1 contract

Samples: Subservicing Agreement (SASCO Mortgage Pass-Through Certifidates, Series 2005-Wmc1)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall be at least equal to the corresponding amounts required by the Master Servicer Fxxxxx Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fxxxxx Mxx Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Fxxxxxx Mac in the Xxxxxxx Fxxxxxx Xxx Xxxxxxx' & Servicers' Guide. Upon the request of the Master ServicerPurchaser, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that Purchaser a certified true copy of such policy Fidelity Bond and bond is in effect Errors and shall furnish to the Master Servicer Omissions Insurance Policy and a statement from the surety and the insurer that such fidelity bond Fidelity Bond and insurance policy Errors and Omissions Insurance Policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Servicing Agreement (Morgan Stanley Mortgage Loan Trust 2007-12)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Xxxxxxs' & ServicersServicexx' GuideXxide. Upon the request of the Master Servicerrequxxx xx any Owner, the Servicer shall cause txx Xxxxxxxx xxxxx xause to be delivered to the Master Servicer certificates evidencing that such Owner a certified true copy of such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without using commercially reasonable efforts to provide 30 days' prior written notice to the Master ServicerOwner.

Appears in 1 contract

Samples: Master Servicing Agreement (Structured Asset Sec Corp Mor Pass Thru Cer Ser 2002-10h)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required Fannie Mae Guides or by Xxxxxx Xxx in the Xxxxxx Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Freddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Sellers' & ServicersSerxxxxxx' Guide. Upon the request xxxxxxx of the Master ServicerSecuxxxxxx Xxxxxxxxxxxxr, the Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such party a certificate of insurance for such fidelity bond and insurance policy and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 thirty (30) days' prior written notice to the Master ServicerSecurities Administrator.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. (a) The Master Servicer shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all directors, officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the related Mortgage Loans ("Servicer “Master Servicing Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's ’s Blanket Bond and shall protect and insure the Master Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such the Master Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Master Servicer against losses in connection with the release or satisfaction of a related Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 8.02 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Master Servicer from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Mac in the Xxxxxxx Xxx Xxxxxxx' & Servicers' Guideor Freddie Mac. Upon the request of the Master ServicerSecurities Administrator, the Master Servicer shall cause to be delivered to the Master Servicer certificates evidencing that such policy Securities Admixxxxxxtxx a certificate of insurance of the insurer and bond is in effect and shall furnish to the Master Servicer surety including a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Securities Administrator. The Master ServicerServicer shall (i) require each Servicer to maintain an Errors and Omissions Insurance Policy and a Fidelity Bond in accordance with the provisions of the applicable Servicing Agreement, (ii) cause each Servicer to provide to the Master Servicer certificates evidencing that such policy and bond is in effect and to furnish to the Master Servicer any notice of cancellation, non-renewal or modification of the policy or bond received by it, as and to the extent provided in the applicable Servicing Agreement, and (iii) furnish copies of the certificates and notices referred to in clause (ii) to the Securities Administrator upon its request.

Appears in 1 contract

Samples: Trust Agreement (GSR Mortgage Loan Trust 2004-15f)

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Servicer Company shall maintain with responsible companies, at its own expense, a blanket Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage on all officers, employees or other persons acting in any capacity requiring such persons to handle funds, money, documents or papers relating to the Mortgage Loans ("Servicer Company Employees"). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of the Mortgage Banker's Blanket Bond and shall protect and insure the Servicer Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Servicer Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Servicer Company against losses in connection with the release or satisfaction of a Mortgage Loan without having obtained payment in full of the indebtedness secured thereby. No provision of this Section 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Servicer Company from its duties and obligations as set forth in this Agreement. The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by the Master Servicer Fannie Mae in the Servicer's Guide, or, in the absence of such requirement, the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Fannie Mae Mortgage-Backed Securities Selling and Servicing Guide and by Xxxxxxx Sxxxxxxnx Xuide or xx Xxxddie Mac in the Xxxxxxx Xxx XxxxxxxFreddie Mac Sellers' & Servicers' Guide. Upon the request xxxxxxx of the Master Servicerany Purcxxxxx, the Servicer xxx Xxxxxxx shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy, or a certificate of insurance setting forth the Master Servicer certificates evidencing that such policy related coverage, and bond is in effect and shall furnish to the Master Servicer a statement from the surety and the insurer that such fidelity bond and insurance policy shall in no event be terminated or materially modified without 30 days' prior written notice to the Master ServicerPurchaser.

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman Xs Trust Series 2006-2n)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!