Examples of Fxxxxxx Mac Guides in a sentence
Such policy was issued by an insurer acceptable under the Fxxxxx Mae Guides or the Fxxxxxx Mac Guides.
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Fxxxxx Mae in the Fxxxxx Mxx Guides or by Fxxxxxx Mac in the Fxxxxxx Mac Guides.
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Fannie Mae in the Fannie Mae Guides or by Freddie Mac in the Fxxxxxx Mac Guides.
The Servicer shall not interfere with the Mortgagor’s freedom of choice in selecting either his insurance carrier or agent, provided, however, that the Servicer shall not accept any such insurance policies from insurance companies unless such companies are acceptable under the Fxxxxx Mae Guides and Fxxxxxx Mac Guides and are licensed to do business in the jurisdiction in which the Mortgaged Property is located.
The Servicer shall withdraw from the Trust Custodial Account funds necessary for the proper operation, management and maintenance of the REO Property, including the cost of maintaining any hazard insurance pursuant to the Fxxxxxx Mac Guides or the Fxxxxx Mae Guide.
The Servicer shall notify the Master Servicer in accordance with the Fxxxxxx Mac Guides of each acquisition of REO Property upon such acquisition, together with a copy of the drive-by appraisal or brokers price opinion of the Mortgaged Property obtained in connection with such acquisition, and thereafter assume the responsibility for marketing such REO Property in accordance with Accepted Servicing Practices.
In the event of any conflict, inconsistency or discrepancy between any of the servicing provisions of this Agreement and any of the servicing provisions of the Fxxxxxx Mac Guides, the provisions of this Agreement shall control and be binding upon the parties hereto.
It is understood and agreed that no other additional insurance need be required by the Servicer or maintained on property acquired in respect of the Mortgage Loan, other than pursuant to this Agreement, the Fxxxxxx Mac Guides or such applicable state or federal laws and regulations as shall at any time be in force and as shall require such additional insurance.