Loan Servicer Sample Clauses
The Loan Servicer clause defines the party responsible for managing the day-to-day administration of a loan on behalf of the lender. This includes tasks such as collecting payments from the borrower, maintaining payment records, handling escrow accounts, and communicating with the borrower regarding the status of the loan. By clearly designating a loan servicer, this clause ensures that both the lender and borrower know who to contact for loan-related matters, thereby streamlining communication and reducing confusion throughout the life of the loan.
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Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer or other authorized representative of Lender has the right and authority to take any such action. The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may not be the holder of the Note. The Loan Servicer has the right and authority to: (a) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. If required by Applicable Law, Borrower will receive notice of any change in the Loan Servicer.
Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer or other authorized representative of ▇▇▇▇▇▇ has the right and authority to take any such action. The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may not be the holder of the Note. The Loan Servicer has the right and authority to: (a) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information RESPA requires in connection with a notice of transfer of servicing.
Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. I understand that the Loan Servicer or other authorized representative of Lender has the right and authority to take any such action. The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may not be the holder of the Note. The Loan Servicer has the right and authority to: (a) collect my Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. If there is a change of the Loan Servicer, I will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information RESPA and Applicable Law requires in connection with a notice of transfer of servicing.
Loan Servicer. Assignor hereby acknowledges and agrees that, pursuant to the terms of the Loan Agreement: (a) from time to time, Assignee may appoint a Loan Servicer to collect payments, escrows and deposits, to give and to receive notices under the Note, this Assignment or the other Loan Documents, and to otherwise service the Loan and (b) unless Assignor receives written notice from Assignee to the contrary, any action or right which may be taken or exercised by Assignee may be taken or exercised by the Loan Servicer with the same force and effect.
Loan Servicer. At the option of Lender, the Loan may be serviced by a servicer selected by Lender and Lender may delegate all or any portion of its responsibilities under this Agreement and the other Loan Documents to such servicer pursuant to a servicing agreement between Lender and such servicer. A sale may result in a change of the Loan servicer. There also may be one or more changes of Loan servicer unrelated to a sale of the Note. If there is a change of Loan servicer, Borrower will be given notice of the change.
Loan Servicer. Funding Lender may from time to time designate a servicer to collect payments and deposits and receive Notices under the Project Note, the Security Instrument, the Continuing Covenant Agreement and any other Financing Document, and otherwise to service the Project Loan evidenced by the Project Note for the benefit of Funding Lender. All references to Funding Lender in this Assignment will refer to and include any such servicer to the extent applicable.
Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer or other authorized representative of ▇▇▇▇▇▇ has the right and authority to take any such action. The Loan Servicer may change one or more times during the term of the Note. The Loan Servicer may or may not be the holder of the Note. The Loan Servicer has the right and authority to: (a) collect Periodic Payments and any other amounts due under the Note and this Security Instrument; (b) perform any other mortgage loan servicing obligations; and (c) exercise any rights under the Note, this Security Instrument, and Applicable Law on behalf of Lender. If there is a change of the Loan Servicer, Borrower will be given written notice of the change which will state the name and address of the new Loan Servicer, the address to which payments should be made, and any other information RESPA and other Applicable Law require in connection with a notice of transfer of servicing.
Loan Servicer. The parties to this Agreement acknowledge and agree that, except as otherwise provided below, in connection with any provision of this Agreement under which ▇▇▇▇▇▇ ▇▇▇ is granted the right to (a) request that the Borrower, Master Tenant, Operator or another party (i) take or refrain from taking certain action, or (ii) collect or deliver certain payments, information, documents or instruments, (b) give any instructions or directions or perform any work or inspections, or (c) exercise remedies under this Agreement, Loan Servicer is hereby authorized to act on behalf of, and in the place and stead of, ▇▇▇▇▇▇ ▇▇▇. Any rights of Loan Servicer to act on behalf of ▇▇▇▇▇▇ Mae pursuant to the preceding sentence shall be terminated as and to the extent determined by ▇▇▇▇▇▇ ▇▇▇ upon delivery by ▇▇▇▇▇▇ Mae to the parties to this Agreement of notice of such termination. Loan Servicer is neither affiliated with, nor acting as an agent for, the Borrower, Master Tenant, Operator or ▇▇▇▇▇▇ ▇▇▇.
Loan Servicer. Lender may take any action permitted under this Security Instrument through the Loan Servicer or another authorized representative, such as a sub-servicer. Borrower understands that the Loan Servicer or other authorized representative of ▇▇▇▇▇▇ has the right and authority to take any such action.
(a) collect the amounts due under the Note and this Security Instrument, (b) perform any other mortgage loan servicing obligations, and (c) exercise any rights under the Note, this Security Instrument, and applicable law on behalf of Lender.
Loan Servicer. First Union National Bank ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇, ▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇ Attention: Corporate Trust Department Any of the foregoing parties may designate any further or different addresses to which subsequent notices, certificates or other communications shall be sent by notice in writing given to the others.