Common use of Maintenance of Mortgage Impairment Insurance Clause in Contracts

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement therefore.

Maintenance of Mortgage Impairment Insurance. In the event that the Special Servicer shall obtain and maintain a blanket policy (a “"Mortgage Impairment Insurance Policy”") insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 3.11 and otherwise complies with all other requirements of Section 3.133.11, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.133.11. Any amounts collect collected by the Special Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.133.11, and there shall have been a loss which would have been covered by such policy, the Special Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to deposited from the Servicer’s 's funds, without reimbursement thereforetherefor.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s funds, without reimbursement thereforetherefor.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket insurance policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy Mortgage Impairment Insurance Policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement therefore.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire fire, flood and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 4.10 without coinsurance and otherwise complies with Accepted Servicing Practices and all other requirements of Section 3.134.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.134.10. The Servicer shall prepare and make any claims on the blanket policy as deemed necessary by the Servicer in accordance with Accepted Servicing Practices. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.064.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.134.10, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s 's funds, without reimbursement thereforetherefor. Upon request of the Owner, the Servicer shall cause to be delivered to such Owner a certificate of insurance 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 such Owner.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire fire, flood and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 2.10 and otherwise complies with all other requirements of Section 3.132.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.132.10. The Servicer shall prepare and make any claims on the blanket policy as deemed necessary by the Servicer in accordance with Accepted Servicing Practices. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.062.5. Such Mortgage Impairment Insurance Policy blanket policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property, a policy complying with Section 3.132.11, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s funds, without reimbursement thereforetherefor. Upon request of the Owners, Servicer shall cause to be delivered to the Owners a certificate of insurance for such policy and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without thirty (30) days’ prior written notice to the related Owner.

Maintenance of Mortgage Impairment Insurance. In the event that the The Servicer shall obtain and maintain a blanket policy insurance (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to . To the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.063,.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy Mortgage Impairment Insurance Policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement therefore.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement thereforetherefor.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement thereforetherefor.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy (1) names the Servicer as loss payee, (2) provides coverage in an amount equal to the amount required pursuant to Section 3.13 4.10 without coinsurance, and (3) otherwise complies with Accepted Servicing Practices and all other requirements of Section 3.134.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.134.10. The Servicer shall prepare and make any claims on the blanket policy as deemed necessary by the Servicer in accordance with Accepted Servicing Practices. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06Account, as applicable. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.134.10, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s 's funds, without reimbursement thereforetherefor. Upon request of the Purchaser, the Servicer shall cause to be delivered to the Purchaser a certificate of insurance evidencing the existence of such policy.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “"Mortgage Impairment Insurance Policy”") insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 and otherwise complies with all other requirements of Section 3.13, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.13. Any amounts collect by the Servicer under any such Mortgage Impairment Insurance Policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.06. Such Mortgage Impairment Insurance Policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.13, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement therefore.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) issued by an insurer acceptable to Fxxxxx Mxx and/or Fxxxxxx Mac insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 3.12 and otherwise complies with all other requirements of Section 3.133.12, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.133.12. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.063.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.133.12, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement thereforetherefor. Upon request of the Master Servicer, the Servicer shall cause to be delivered to such person a certificate of insurance 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 Master Servicer and the Trustee.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer Subservicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire fire, flood and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 2.22 and otherwise complies with all other requirements of Section 3.132.22, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.132.22. The Subservicer shall prepare and make any claims on the blanket policy as deemed necessary by the Subservicer in accordance with the Applicable Requirements. Any amounts collect collected by the Servicer Subservicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.062.09. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.132.22, and there shall have been a loss which would have been covered by such policy, the Servicer Subservicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the ServicerSubservicer’s funds, without reimbursement therefore. Upon request of the Servicer, the Subservicer shall cause to be delivered to the Servicer a certificate of insurance 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 such Servicer.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) issued by an insurer acceptable to Fanxxx Xxe xxd/or Frexxxx Xxc insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 3.12 and otherwise complies with all other requirements of Section 3.133.12, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.133.12. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.063.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.133.12, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to deposited from the Servicer’s funds, without reimbursement thereforetherefor. Upon request of the Master Servicer, the Servicer shall cause to be delivered to such person a certificate of insurance 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 Master Servicer and the Trustee.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire fire, flood and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 4.10 without coinsurance and otherwise complies with Accepted Servicing Practices and all other requirements of Section 3.134.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.134.10. The Servicer shall prepare and make any claims on the blanket policy as deemed necessary by the Servicer in accordance with Accepted Servicing Practices. Any amounts collect collected by the Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.064.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.134.10, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s funds, without reimbursement thereforetherefor. Upon request of the Owner, the Servicer shall cause to be delivered to such Owner a certificate of insurance 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 such Owner.

Maintenance of Mortgage Impairment Insurance. In the event that the Servicer Company shall obtain and maintain a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Properties securing the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 4.10 and otherwise complies with all other requirements of Section 3.134.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.134.10. The Company shall prepare and make any claims on the blanket policy as deemed necessary by the Company in accordance with Accepted Servicing Practices and the terms of such policy. Any amounts collect collected by the Servicer Company under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.064.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with Section 3.134.10, and there shall have been a loss one or more losses which would have been covered by such policy, the Servicer Company shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s Company's funds, without reimbursement thereforetherefor. Upon request of the Purchaser, the Company shall cause to be delivered to such Purchaser a certificate of insurance and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without thirty 30 days prior written notice to such Purchaser.

Maintenance of Mortgage Impairment Insurance. In the event that the Interim Servicer shall obtain and maintain at its own expense a blanket policy (a “Mortgage Impairment Insurance Policy”) insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such Mortgage Impairment Insurance Policy policy provides coverage in an amount equal to the amount required pursuant to Section 3.13 2.10 and otherwise complies with all other requirements of Section 3.132.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.132.10. Any such policy shall be issued by an issuer that has a Best rating of A:VI or better. Any amounts collect collected by the Interim Servicer under any such Mortgage Impairment Insurance Policy policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Section 3.04 or 3.062.05. Such Mortgage Impairment Insurance Policy policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.132.10, and there shall have been a loss which would have been covered by such policy, the Interim Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under such the blanket policy because of such deductible clause, such amount to be deposited from the Interim Servicer’s 's funds, without reimbursement thereforetherefor. Upon request of the Purchaser, the Interim Servicer 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.