Common use of Originals or Certified Copies Clause in Contracts

Originals or Certified Copies. Notwithstanding the delivery procedures of this Section 4.09, the Servicer may, in its discretion, accept Mortgage Files which contain certified copies of the Mortgage and the Assignment of Mortgage Note and Mortgage in lieu of the originals of the same and a Title Guaranty Commitment, and may approve the pertinent Mortgage Loan for Purchase without such originals and without the Title Guaranty Certificate if the Mortgage Loan file is otherwise complete, all other Mortgage Documents are present and the Mortgage Loan is subject in all respects to all terms and conditions of this Agreement, and upon such acceptance by the Servicer. The original recorded Mortgage and original recorded Assignment of Mortgage Note and Mortgage and the final Title Guaranty Certificate and FHA Mortgage Insurance Certificate or VA Loan Guaranty Certificate or USDA Rural Development Guaranty must be submitted to the Servicer within sixty (60) days from the Purchase Date of the subject Mortgage Loan. The Servicer shall, upon receipt of such originals and certified copies, if applicable, file copies of the same with the related Mortgage File and shall forward original documents to the Custodian under the Custodial Agreement.