Examples of Mortgage Asset File in a sentence
Upon the written request of the Lender at any time, but no more than one time per calendar month, the Custodian shall provide via electronic transmission to the Lender a list of all the Mortgage Loans for which the Custodian holds a Mortgage Asset File pursuant to this Agreement.
Except as otherwise provided herein, the Custodian shall maintain continuous custody of all Mortgage Loan Documents constituting the Mortgage Asset File in secure and fire resistant facilities in accordance with customary standards for such custody.
The Lender or the Servicer shall return the Mortgage Asset File to the Custodian when the need no longer exists for such Mortgage Asset File.
The Custodian shall not be responsible for verifying: (i) the validity, legality, enforceability, effectiveness, sufficiency, due authorization or genuineness of any document in the Mortgage Asset File or of any Mortgage Loans or (ii) the collectability, perfectibility, insurability, effectiveness, including the authority or capacity of any Person to execute or issue any document in the Mortgage Asset File, or suitability of any Mortgage Loan unless specified otherwise in this Agreement.
The Custodian agrees that it will not retain (other than as set forth in Section 15 of this Agreement), delay the release of, assert a lien upon or otherwise interfere with Xxxxxx’s taking physical possession of, any Mortgage Asset File by reason of any amounts that Lender may owe to Custodian.