Realization upon Tax Liens. (a) The Servicer shall foreclose upon Properties encumbered by Tax Liens, if the Servicer determines that such action is required by the servicing standard set forth in Section 2.01(a) and (b) hereof. The Servicer shall not be required to pursue any deficiency judgments or to bring any collection actions against any assets of the Property Owners other than the Properties encumbered by Tax Liens.
Appears in 4 contracts
Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement
