Common use of Servicer Compensation Clause in Contracts

Servicer Compensation. As compensation for its activities under its Servicing Agreement, each Servicer shall be entitled to retain out of each payment of interest on a Pledged Mortgage (or portion thereof) an amount equal to interest at the applicable Servicing Fee Rate on the Stated Principal Balance of the related Pledged Mortgage for the period covered by such interest payment as provided in the related Servicing Agreement. Additional servicing compensation in the form of pre-payment penalties, assumption fees and late payment charges shall be retained by the Servicers if and to the extent provided in the related Servicing Agreement. Each Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities under its Servicing Agreement (including payment of any premium for hazard insurance and any Primary Insurance Policy and maintenance of the other forms of insurance coverage required by this Agreement and its Servicing Agreement) and shall not be entitled to reimbursement therefor except as specifically pro-

Servicer Compensation. As compensation for its activities under its Servicing Agreement, each Servicer shall be entitled to retain out of each payment of interest on a Pledged Mortgage Loan (or portion thereof) an amount equal to interest at the applicable Servicing Fee Rate on the Stated Principal Balance of the related Pledged Mortgage Loan for the period covered by such interest payment as provided in the related Servicing Agreement. Additional servicing compensation in the form of pre-payment penaltiesassumption fees, assumption fees and late payment charges and such other amounts as may be provided in the Servicing Agreements shall be retained by the Servicers if and to the extent provided in the related Servicing Agreement. Each Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities under its Servicing Agreement (including payment of any premium for hazard insurance and any Primary Insurance Policy primary mortgage guaranty insurance policy other than the LPMI Policy) and maintenance of the other forms of insurance coverage required by this Agreement and its Servicing Agreement) and shall not be entitled to reimbursement therefor except as specifically pro-provided in its Servicing Agreement and not inconsistent with this Agreement.

Servicer Compensation. As compensation for its activities under its Servicing Agreement, each Servicer shall be entitled to retain out of each payment of interest on a Pledged Mortgage Loan (or portion thereof) an amount equal to interest at the applicable Servicing Fee Rate on the Stated Principal Balance of the related Pledged Mortgage Loan for the period covered by such interest payment as provided in the related Servicing Agreement. Additional servicing compensation in the form of pre-payment penaltiesassumption fees, assumption fees and late payment charges and such other amounts as may be provided in the Servicing Agreements shall be retained by the Servicers if and to the extent provided in the related Servicing Agreement. Each Servicer shall be required to pay all expenses incurred by it in connection with its servicing activities under its Servicing Agreement (including payment of any premium for hazard insurance and any Primary Insurance Policy and maintenance of the other forms of insurance coverage required by this Agreement and its Servicing Agreement) and shall not be entitled to reimbursement therefor except as specifically pro-provided in its Servicing Agreement and not inconsistent with this Agreement.