REQUEST FOR RELEASE OF DOCUMENTS. From time to time and as appropriate for the foreclosure or servicing of any of the Mortgage Loans, the Mortgage Loan Custodian is authorized pursuant to the Mortgage Loan Custodial and Disbursement Agreement, upon written receipt from Servicer of a request for release of documents and receipt to release to Servicer the related Mortgage File or the documents set forth in such request and receipt to Servicer. Servicer promptly shall return to the Mortgage Loan Custodian the Mortgage File or other such documents when the Servicer’s need therefor no longer exists, unless the related Mortgage Loan shall be liquidated, in which case, the Servicer shall deliver an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Mortgage Loan Custodian, and the related documents shall be released by the Mortgage Loan Custodian to the Servicer pursuant to the Mortgage Loan Custodial and Disbursement Agreement.
Appears in 4 contracts
Samples: Please Insert Social Security (loanDepot, Inc.), Please Insert Social Security (loanDepot, Inc.), Intercreditor Agreement (loanDepot, Inc.)
REQUEST FOR RELEASE OF DOCUMENTS. From time to time and as appropriate for the foreclosure or servicing of any of the Mortgage Loans, the Mortgage Loan Custodian is authorized pursuant to the Mortgage Loan Custodial and Disbursement Agreement, upon written receipt from Servicer of a request for release of documents and receipt to release to Servicer the related Mortgage File or the documents set forth in such request and receipt to Servicer. Servicer promptly shall return to the Mortgage Loan Custodian the Mortgage File or other such documents when the Servicer’s need therefor no longer exists, unless the related Mortgage Loan shall be liquidated, in which case, the Servicer shall deliver an additional request for release of documents and receipt certifying such liquidation from the Servicer to the Mortgage Loan Custodian, and the related documents shall be released by the Mortgage Loan Custodian to the Servicer pursuant to the Mortgage Loan Custodial and Disbursement Agreement.
Appears in 2 contracts
Samples: Indenture (loanDepot, Inc.), Indenture (loanDepot, Inc.)
