Examples of Xxxxxxx Mac Guides in a sentence
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Mae in the Xxxxxx Xxx Guides or by Xxxxxxx Mac in the Xxxxxxx Mac Guides.
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 Xxxxxxx Mac Guides or the Xxxxxx Mae Guide.
Such policy was issued by an insurer acceptable under the Xxxxxx Mae Guides or the Xxxxxxx 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 Xxxxxx Mae Guides and Xxxxxxx Mac Guides and are licensed to do business in the jurisdiction in which the Mortgaged Property is located.
The minimum coverage under any such bond and insurance policy shall be at least equal to the corresponding amounts required by Xxxxxx Xxx in the Xxxxxx Mae Guides or by Xxxxxxx Mac in the Xxxxxxx Mac Guides.
The Servicer shall withdraw from the 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 Xxxxxxx Mac Guides or the Xxxxxx Mae Guide.
The Servicer with respect to a Program may be removed only as provided in the Servicing Agreement, the GNMA Guide as modified by the MBS Agreement, the Xxxxxx Mae Guides and the Xxxxxxx Mac Guides.
Each Mortgage File shall be maintained by the Servicer in accordance with the GNMA Guide, the Xxxxxx Mae Guides, or Xxxxxxx Mac Guides, as appropriate.
All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer acceptable under the Xxxxxx Xxx or Xxxxxxx Mac Guides, against loss by fire, hazards of extended coverage and such other hazards as are provided for in the Xxxxxx Mae or Xxxxxxx Mac Guides.
After the issuance date of each Pool, Servicer will be governed by the GNMA Guide, Xxxxxx Mae Guides or Xxxxxxx Mac Guides, as applicable, and the MBS Agreement and Pool Purchase Contract.