Common use of Master Servicer to Act as Servicer Clause in Contracts

Master Servicer to Act as Servicer. It is understood and agreed that the Master Servicer, acting alone or through Subservicers, shall service and administer the Home Loans in accordance with the terms of the Servicing Agreement and the respective Home Loans, on behalf of, and subject to the exclusive control and direction of, the Grantor Trustee for the benefit of the holder of the Grantor Trust Certificate.

Appears in 7 contracts

Samples: Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc), Grantor Trust Agreement (Residential Funding Mortgage Securities Ii Inc)

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