Common use of Representations, Warranties and Covenants of the Servicer Regarding Certain Individual Mortgage Loans Clause in Contracts

Representations, Warranties and Covenants of the Servicer Regarding Certain Individual Mortgage Loans. In consideration of the Owner’s agreement to retain the Servicer under this Agreement with respect to the Franklin Trust Loans, and in light of the fact that the Servicer previously owned and serviced the Franklin Trust Loans, as to each Franklin Trust Loan (including REO Property, as appropriate), and understanding that the Owner will rely on the following representations, warranties and covenants in purchasing the Franklin Trust Loans, the Servicer hereby represents, warrants and covenants to the Owner with respect to the Franklin Trust only, as of the applicable Effective Date:

Representations, Warranties and Covenants of the Servicer Regarding Certain Individual Mortgage Loans. In consideration of the Owner’s agreement to retain the Servicer under this Agreement with respect to the Franklin Trust Loans, and in light of the fact that the Servicer previously owned and serviced the Franklin Trust Loans, as to each Franklin Trust Loan (including REO Property, as appropriate), and understanding that the Owner will rely on the following representations, warranties and covenants in purchasing accepting the Franklin Trust Loans, the Servicer hereby represents, warrants and covenants to the Owner with respect to the Franklin Trust only, as of the applicable Effective Date: