Common use of Xxxxxxx Mac as Principal Servicer Clause in Contracts

Xxxxxxx Mac as Principal Servicer. Xxxxxxx Mac will service or supervise servicing of the Mortgages in accordance with the provisions of the Guide, including management of any property acquired through foreclosure or otherwise, for the beneÑt of Holders. Xxxxxxx Mac will have full power and authority to do or cause to be done any and all things in connection with such servicing that Xxxxxxx Xxx xxxxx necessary or desirable. Xxxxxxx Mac will act as the representative of Holders in the control, management and servicing of the Mortgages in the related PC Pools.

Appears in 2 contracts

Samples: Mortgage Participation Certificates Agreement, Multifamily Mortgage Participation Certificates Agreement

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Xxxxxxx Mac as Principal Servicer. Xxxxxxx Mac will service or supervise servicing of the Mortgages in accordance with the provisions of the Guide, including management of any property acquired through foreclosure or otherwise, for the beneÑt benefit of Holders. Xxxxxxx Mac will have full power and authority to do or cause to be done any and all things in connection with such servicing that Xxxxxxx Xxx xxxxx necessary or desirable. Xxxxxxx Mac will act as the representative of Holders in the control, management and servicing of the Mortgages in the related PC Pools.

Appears in 2 contracts

Samples: Mortgage Participation Certificates Agreement, Mortgage Participation Certificates Agreement

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