SERVICING ADDENDUM TO THE MASTER REPURCHASE AGREEMENT DATED FEBRUARY 28, 2000 Seller, or its, agents shall service and administer the Mortgage Loans for the benefit of Buyer and, if Buyer shall exercise its rights to pledge or hypothecate the Mortgage...Servicing Addendum to the Master Repurchase Agreement • March 29th, 2004 • Geneva Financial Corp • Mortgage bankers & loan correspondents
Seller, or its, agents shall service and administer the Mortgage Loans for the benefit of Buyer and, if Buyer shall exercise its rights to pledge or hypothecate the Mortgage Loan prior to the related Repurchase Date, Buyer's assigns; Seller shal1 have full power and authority; acting alone, to do any and all things in connection with such servicing which Seller or its agents may deem necessary and consistent with the Transactions and agreements contemplated by the Master Repurchase Agreement except that Seller may not modify or amend the terms of the Mortgage Loans in any material respect. However, the obligations of Seller to service the Mortgage Loans on behalf of Buyer shall cease upon the payment by Seller to Buyer of the Repurchase Price therefor. Seller and its agents, in administering and servicing the Mortgage Loans, shall employ procedures (including collection procedures) and exercise the same care customarily employed and exercised by Seller or its agents in servicing and ad
