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 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 (“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 Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the 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 4.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the 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 amounts acceptable to Xxxxxx Xxx or Xxxxxxx Xxx. Upon the request of any Purchaser, the Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy and 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 Purchaser.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The 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 (“"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 Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the 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 4.13 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the 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 acceptable to Xxxxxx Xxx required by FNMA in the FNMA Mortgage-Backed Securities Selling and Servicing Guide or Xxxxxxx Xxxby FHLMC in the FHLMC Sellers' & Servicers' Guide. Upon the request of any Purchaser, the Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy and 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 Purchaser.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company "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 Company Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 amounts acceptable to Xxxxxx Xxx or Xxxxxxx XxxFannie Mae and Freddie Mac. Upon the request of any PurchaserXxxx xhx xequesx xx xxy Owner, the Company Servicer shall cause to be delivered to such Purchaser Owner a certified true copy of such fidelity bond and insurance policy and 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 PurchaserOwner.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company "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 Company Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 4.02(m) requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 coverage amounts which are acceptable to Xxxxxx Xxx or Xxxxxxx Xxx. Upon for the request of any Purchaser, the Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy and 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 Purchaser.Servicer as determined by Fannie Mae and

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company "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 Company Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 3.14 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 amounts acceptable to Xxxxxx Xxx or Xxxxxxx XxxFannie Mae and Freddie Mac. Upon the request of any PurchaserOwner, the Company Xxxxxxex shall cause xxxxx to be delivered to such Purchaser Owner a certified true copy of such fidelity bond and insurance policy and 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 PurchaserOwner.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company Servicer Employees”). Any such Fidelity Bond and Errors and Omissions Insurance Policy shall be in the form of have coverage at least as broad as the Mortgage Banker’s Blanket Bond and shall protect and insure the Company Servicer against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 2.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 amounts acceptable to Xxxxxx Xxx or Xxxxxxx Xxx$100,000,000. Upon the request of any the Purchaser, the Company Servicer shall cause to be delivered to such the Purchaser a certified true copy of such fidelity bond and insurance policy and 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 Purchaser.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company 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 Company Servicer against losses, including forgery, theft, embezzlementembezzle­ment, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 3.13 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 acceptable to Xxxxxx Xxx or Xxxxxxx Xxxrequired by Accepted Servicing Practices. Upon the request of any Purchaserthe Master Servicer, the Company Servicer shall cause to be delivered to such Purchaser person a certified true copy of such fidelity bond and insurance policy and 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 Purchasereach such person.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The 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 (“"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 Company against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the 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 4.13 4.12 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the 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 amounts acceptable to Xxxxxx Xxx Fxxxxx Mxx or Xxxxxxx XxxFxxxxxx Mac. Upon the request of any Purchaser, the Company shall cause to be delivered to such Purchaser a certified true copy of such fidelity bond and insurance policy and 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 Purchaser.

Maintenance of Fidelity Bond and Errors and Omissions Insurance. The Company 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 (“Company "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 Company related Servicer against losses, including forgery, theft, embezzlement, fraud, errors and omissions and negligent acts of such Company Servicer Employees. Such Fidelity Bond and Errors and Omissions Insurance Policy also shall protect and insure the Company 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 4.13 3.18 requiring such Fidelity Bond and Errors and Omissions Insurance Policy shall diminish or relieve the Company 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 acceptable to Xxxxxx Xxx or Xxxxxxx Xxxrequired by FNMA. Upon the request of any Purchaserthe Trust Administrator, the Company related Servicer shall cause to be delivered to such Purchaser the Trust Administrator a certified true copy certificate of such fidelity bond insurance of the insurer and insurance policy and the 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 PurchaserTrust Administrator.