Common use of Service Until Need Ends Clause in Contracts

Service Until Need Ends. The Servicer shall service each Mortgage continuously from the date its servicing duties begin until the earliest of: (1) the Mortgage's principal and interest have been paid in full and the Mortgage shall have been canceled or released of record and a satisfaction or canceled Note shall have been issued to the Borrower; (2) the Mortgage has been foreclosed or liquidated and the Mortgaged Property properly disposed of; or (3) the Servicer's servicing duties are transferred or terminated in accordance with this Contract.

Service Until Need Ends. The Servicer shall service each Mortgage continuously from the date its servicing duties begin until the earliest of: (1) the Mortgage's ’s principal and interest have been paid in full and the Mortgage shall have been canceled or released of record and a satisfaction or canceled Note shall have been issued to the Borrower; (2) the Mortgage has been foreclosed or liquidated and the Mortgaged Property properly disposed of; or (3) the Servicer's ’s servicing duties are transferred or terminated in accordance with this Contract.

Service Until Need Ends. The Servicer shall service each Mortgage continuously from the date its servicing duties begin until the earliest of: (1) the Mortgage's ’s principal and interest have been paid in full and the Mortgage shall have been canceled or released of record and a satisfaction or canceled Note release shall have been issued to the Borrowermortgagor; (2) the Mortgage has been foreclosed or liquidated and the Mortgaged Property properly disposed ofof (if the Servicer is required to do these things); or (3) the Servicer's ’s servicing duties are transferred or terminated in accordance with this Contract.