Common use of Taxes and Insurance Clause in Contracts

Taxes and Insurance. Each Loan has been covered by a policy of hazard insurance and flood insurance, to the extent required by the Loan Servicing Agreements relating thereto or any laws, rules, regulations or Investor or Insurer requirements applicable to such Loan, all in a form usual and customary in the industry and which is in full force and effect, and all amounts due and payable under each policy have been, or will be, paid prior to the date such payments are due; and all taxes, assessments, ground rents or other applicable charges or fees due and payable as to each Loan have been, or will be, paid prior to the date such payments are due. Any and all claims under such insurance policies have been submitted and processed in accordance with the applicable Investor's and Insurer's requirements. Such insurance policies name the Company (or a Subsidiary of it) and its successors and assigns as mortgagee.

Taxes and Insurance. Each Mortgage Loan has been covered by a policy of hazard insurance and flood insurance, to the extent required by the Loan Mortgage Servicing Agreements or loan purchase agreement relating thereto or any laws, rules, regulations or Investor investor or Insurer insurer requirements applicable to such Mortgage Loan, all in a form usual and customary in the industry and which is in full force and effectindustry, and all amounts due and payable under each policy have been, or will be, been paid prior to the date such payments are were due; and all taxesTaxes, assessments, ground rents or other applicable charges or fees due and payable as to each Mortgage Loan have been, or will be, been paid prior to the date such payments are were due. Any and all claims under such insurance policies have been submitted and processed in accordance with the applicable Investor's and Insurer's requirements. Such insurance policies name the Company (or a Subsidiary of it) and its successors and assigns as mortgagee.-40-

Taxes and Insurance. Each Mortgage Loan has been covered by a policy of hazard insurance and flood insurance, to the extent required by the Loan Mortgage Servicing Agreements or loan purchase agreement relating thereto or any laws, rules, regulations or Investor investor or Insurer insurer requirements applicable to such Mortgage Loan, all in a form usual and customary in the industry and which is in full force and effectindustry, and all amounts due and payable under each policy have been, or will be, been paid prior to the date such payments are were due; and all taxesTaxes, assessments, ground rents or other applicable charges or fees due and payable as to each Mortgage Loan have been, or will be, been paid prior to the date such payments are were due. Any and all claims under such insurance policies have been submitted and processed in accordance with the applicable Investor's and Insurer's requirements. Such insurance policies name the Company (or a Subsidiary of it) and its successors and assigns as mortgagee.