Tax Service/Flood Service. The Servicer shall obtain, at Owner’s cost and expense, a valid fully paid, freely transferable, life of loan, tax service contract and flood service contract for each Mortgage Loan with a vendor selected by the Servicer as specified in the Transfer Instructions. If Owner delivers, or causes to be delivered, existing tax service contracts or flood service contracts for any Mortgage Loan, the Servicer may convert such contracts, at Owner’s cost and expense, to one issued by the vendor selected by Servicer.
Appears in 5 contracts
Samples: Loan Servicing Agreement (Sequoia Residential Funding Inc), Loan Servicing Agreement (Sequoia Mortgage Trust 2007-3), Loan Servicing Agreement (Sequoia Mortgage Trust 2007-2)
