Common use of Priority; Insurance Claims Clause in Contracts

Priority; Insurance Claims. Servicer will be responsible for retaining counsel on behalf of Owner to advise Servicer whether any proposed relief for the Obligor pursuant to this Section 3.4 will adversely affect claims against any other Obligor' or the priority of the lien securing the Loan. Servicer will be responsible for determining that such relief will not adversely affect any applicable Mortgage Insurance or other guaranty. Servicer shall consider the effect of such relief on the priority of the lien, claim against other Obligors and the effect on Mortgage Insurance or other guarantees in acting hereunder.

Priority; Insurance Claims. The Servicer will be responsible for retaining counsel on behalf of Owner to advise Servicer whether any proposed relief for the Obligor Mortgagor pursuant to this Section 3.4 3.03 will adversely affect claims against any other Obligor' Mortgagor or the priority of the lien securing the Mortgage Loan. The Servicer will be responsible for determining that such relief will not adversely affect any applicable Mortgage Insurance or other guaranty. The Servicer shall consider the effect of such relief on the priority of the lien, claim claims against other Obligors Mortgagors and the effect on Mortgage Insurance or other guarantees in acting hereunder.

Priority; Insurance Claims. The Servicer will be responsible for -------------------------- retaining counsel on behalf of Owner to advise the Servicer whether any proposed relief for the Obligor pursuant to this Section 3.4 3.2 will adversely affect claims against any other Obligor' Obligor or the priority of the lien securing the Loan. The Servicer will be responsible for determining that such relief will not adversely affect any applicable Mortgage Insurance or other guaranty. The Servicer shall consider the effect of such relief on the priority of the lien, claim claims against other Obligors and the effect on Mortgage Insurance or other guarantees in acting hereunder.