Obligations upon Reinstatement. Upon accepting the reinstatement of a Mortgage Loan, the Servicer shall immediately contact the appropriate foreclosure attorney or trustee to avoid incurring additional legal costs or fees. The Servicer must apply the reinstatement Funds upon receipt from a Borrower in payment of the expenses enumerated in Section 13.5.1
Appears in 74 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar17 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar4 Trust)
Obligations upon Reinstatement. Upon accepting the reinstatement of a Mortgage Loan, the Servicer shall immediately contact the appropriate foreclosure attorney or trustee to avoid incurring additional legal costs or fees. The Servicer must apply the reinstatement Funds upon receipt from a Borrower in payment of the expenses enumerated in Section 13.5.113.5.
Appears in 2 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-11 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)
