Tax and Flood Service Contracts. The Servicer, at Owner’s expense, shall cause each Mortgage Loan which is transferred to the Servicer for servicing to be covered by (a) with respect to each First Lien Loan only, a Tax Service Contract and (b) Flood Zone Service Contract. Servicer shall place such Tax Service Contracts and Flood Service Contracts in place, and shall xxxx the Owner the fee associated with acquiring such contracts.
Tax and Flood Service Contracts. The Servicer, at the Owner’s expense, shall cause each Non-Agency Mortgage Loan that is a First Lien Mortgage Loan and is transferred to the Servicer for servicing to be covered (to the extent not already covered) by a Tax Service Contract and/or Flood Service Contract, by (a) a Tax Service Contract and/or (b) a Flood Zone Service Contract. If any Non-Agency Mortgage Loan is missing a required Tax Service Contract or if any Non-Agency Mortgage Loan is missing a required Flood Zone Service Contract at the time of the Inbound Transfer Date, Servicer shall place such Tax Service Contract or Flood Zone Service Contract, as applicable, and shall be entitled to the fee associated with acquiring such contracts as set forth in Exhibit 9.
Tax and Flood Service Contracts. The Servicer, at Owner’s expense, shall cause each First Lien Mortgage Loan which is transferred to the Servicer for servicing, to the extent not covered by a Tax Service Contract and/or Flood Service Contract to be covered by (a) a Tax Service Contract and/or (b) a Flood Zone Service Contract. If any such First Lien Mortgage Loan is missing a Tax Service Contract or if any such Second Lien Mortgage Loan is missing a Flood Zone Service Contract, as applicable, at the time of the Service Transfer Date, Servicer shall place such Tax Service Contract or Flood Service Contract, as applicable, and shall be entitled to the fee associated with acquiring such contracts as set forth in Exhibit 14; provided, however, that Servicer shall provide written notice to Owner of any such Tax Service Contracts or Flood Service Contracts that Servicer determines to be missing as of the Servicing Transfer Date.
Tax and Flood Service Contracts. In the event that a Mortgage Loan is not subject to a fully assignable life of loan tax service contract and fully assignable flood zone determination contract, Servicer shall acquire a tax service contract or flood zone determination contract, as applicable, for any such Mortgage Loan at a cost not to exceed the amount set forth in the Fee Letter or otherwise mutually agreed by Owner and Servicer. Owner shall be responsible for any actual transfer fees required in connection with transferring tax service contracts or flood zone determination contracts to Servicer. Servicer shall deliver an invoice on a monthly basis to Owner with respect to the costs of acquiring or transferring any tax service contracts and flood zone determination contracts and Owner shall reimburse Servicer for such costs within thirty (30) days of receiving such invoice.
Tax and Flood Service Contracts. All transfer fees related to the transfer of any tax or flood service contracts on the Mortgage Loans will be paid by MLCC or the Correspondent Lender. (a) The tax service contract fees are as follows, unless otherwise agreed by the parties: (i) $[* * *] for any Mortgage Loan with no existing contract or with an existing contract that was not issued by [* * *]; (ii) $[* * *] for certain bulk transfer loans (as of the date hereof, applicable to[* * *]); and (iii) $[* * *] for any Mortgage Loan with[* * *], provided all of the following data is provided: legal description, parcel number, tax contract number, tax service provider vendor number, city tax monthly escrow amount, county tax monthly escrow amount, next tax amount, next tax due date, last tax amount, and last tax due date. (b) The flood service contract fees are as follows, unless otherwise agreed by the parties: (i) $[* * *] for any Mortgage Loan with no existing contract; (ii) $[* * *] for any Mortgage Loan with [* * *]; and (iii) $[* * *] for certain bulk transfer loans (as of the date hereof, applicable to [* * *]). [***] INDICATES MATERIAL THAT HAS BEEN OMITTED AND FOR WHICH CONFIDENTIAL TREATMENT HAS BEEN REQUESTED. ALL SUCH OMITTED MATERIAL HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION PURSUANT TO RULE 24b-2 UNDER THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED.
Tax and Flood Service Contracts. Required by Cenlar Tax Contract (if placed thru Cenlar) $70.00 Flood Determination Certification $18.00 ATSU setup (if client’s Tax Vendor is used) $7.00 Exhibit III
Tax and Flood Service Contracts. All transfer fees related to the transfer of any tax or flood service contracts on the Mortgage Loans will be paid by MLCC or the Correspondent Lender.
Tax and Flood Service Contracts. The Servicer, at Owner's expense, shall cause each First Lien Mortgage Loan which is transferred to the Servicer for servicing to be covered by (a) a Tax Service Contract and (b) a Flood Zone Service Contract. The Servicer, at Owner's expense, shall cause to be maintained on any second lien Mortgage Loan which is transferred to the Servicer for servicing a Flood Zone Service Contract. Owner shall provide Servicer or cause to be provided to Servicer Flood Zone information within the Servicing Transfer Schedule. If any such Mortgage Loan is missing a Tax Service Contract or Flood Zone Service Contract, as applicable, at the time of the Service Transfer Date, Servicer shall place such Tax Service Contract or Flood Service Contract, as applicable, and shall be entitled to charge Owner its standard fee associated with acquiring such contracts; provided, however, that Servicer shall provide written notice to Owner of any such Tax Service Contracts or Flood Service Contracts that Servicer determines to be missing as of the Servicing Transfer Date.
