Servicer as Custodian. The Mortgage Records belong to the Bank. The Servicer shall have possession of the Mortgage Records only with the Bank's approval. The Servicer hereby acknowledges that it is acting as the Bank's custodian in connection with any Mortgage Records at any time in its possession or control and it shall have no other interest in them. This is true whether the Servicer receives the Mortgage Records from an outside source or prepares them itself.
Appears in 4 contracts
Samples: Participating Financial Institution Agreement, Participating Financial Institution Agreement, Participating Financial Institution Agreement
Servicer as Custodian. The Mortgage Records belong to the Bank. The Servicer shall have possession of the Mortgage Records only with the Bank's ’s approval. The Servicer hereby acknowledges that it is acting as the Bank's ’s custodian in connection with any Mortgage Records at any time in its possession or control and it shall have no other interest in thempossession. This is true whether the Servicer receives the Mortgage Records from an outside source or prepares them itself.
Appears in 2 contracts
Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)
Servicer as Custodian. The Mortgage Records belong to the Bank. The Servicer shall have possession of the Mortgage Records only with the Bank's ’s approval. The Servicer hereby acknowledges that it is acting as the Bank's ’s custodian in connection with any Mortgage Records at any time in its possession or control and it shall have no other interest in them. This is true whether the Servicer receives the Mortgage Records from an outside source or prepares them itself.
Appears in 2 contracts
Samples: Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago), Participating Financial Institution Agreement (Federal Home Loan Bank of Chicago)
