Common use of Maintenance of Fidelity Bond Clause in Contracts

Maintenance of Fidelity Bond. The Master Servicer and the Backup Servicer shall each, during the term of its service as Master Servicer and Backup Servicer, respectively, maintain in force a fidelity bond and errors and omissions insurance in respect of their respective officers, employees or agents. Such bond and insurance shall comply with the requirements from time to time of Xxxxxx Xxx for Persons performing servicing for mortgage loans purchased by such association.

Appears in 5 contracts

Samples: Sale and Servicing Agreement (Accredited Home Lenders Inc Mortgage Loan Trust 2004-1), Sale and Servicing Agreement (Accredited Mortgage Loan Trust 2004-2), Sale and Servicing Agreement (Accredited Mort Loan Trust Asset Back Notes Series 2003-1)

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