Xxxxxxx Xxx Guide definition
Examples of Xxxxxxx Xxx Guide in a sentence
This Agreement requires Servicer to (a) comply with requirements imposed on Owner under Section 1302.2 and Section 1302.3 of the Xxxxxxx Xxx Guide and (b) refrain from interfering with or impairing any obligations of Owner to Xxxxxxx Xxx under a Xxxxxxx Xxx Xxxxxxxx Document which has been disclosed to the Servicer in accordance with Section 8102.1(a) of the Xxxxxxx Mac Guide.
Subject to the terms and provisions if Xxxxxxx Xxx Guide, the Owner shall have the right, to assign, in whole or in part, its interest under this Agreement with respect to some or all of the Mortgage Loans, and designate any Person to exercise all or any of the rights of the Owner hereunder.
In accordance with the Xxxxxxx Xxx Guide and the Xxxxxxx Xxx Servicing Contract, simultaneously with the Owner’s sale of Mortgages to Xxxxxxx Xxx, the Xxxxxxx Xxx Servicing Contract Rights are established by Xxxxxxx Xxx.
If the Mortgage Loan is a Xxxxxxx Xxx New Condo Loan, is a “New Condominium Project” as defined in the Glossary, and in Section 5701.1, of the Xxxxxxx Xxx Guide and complies with Xxxxxxx Xxx’s project review and eligibility requirements in Section 5701.2 of the Xxxxxxx Mac Guide subject to such variances, if any, therefrom that have either been agreed to in writing between Seller and Xxxxxxx Xxx or specified in a written Xxxxxxx Xxx waiver.
As of the Mortgage Purchase Date, the Mortgage Loan shall be current as to principal and interest payments due and there shall be no delinquent tax or delinquent assessment lien against the property financed by the Mortgage Loan unless permitted by the GNMA Guide, the Xxxxxxx Xxx Guide or the Xxxxxx Xxx Guide, as applicable.
Notwithstanding any other provision of this Agreement to the contrary, the Owner shall continue to be responsible and liable to Xxxxxxx Xxx for all Xxxxxxx Xxx Servicing requirements and all representations and warranties made by the Owner, in accordance with the terms of the Xxxxxxx Xxx Guide and the other Xxxxxxx Xxx Purchase Documents.