Taxes, Assessments and Similar Items. With respect to each REO Related Tax Lien, the Servicer shall obtain from the City accurate records reflecting the status of any Subsequent Taxes and Assessments with respect to the related REO Property and determine the status of Insurance Policy premiums payable with respect thereto. From time to time, the Servicer (with respect to REO Properties) shall (i) obtain all bills for the payment of such items (including renewal premiums) and (ii) to the extent required by the servicing standard set forth in Section 2.01 hereof, effect payment of all such bills with respect to such REO Properties prior to any applicable penalty or termination date.
Appears in 4 contracts
Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement
