Common use of Servicing Fees Clause in Contracts

Servicing Fees. The Borrower agrees to pay to the Lender, when due, the Lender’s then current administration and processing fees for all aspects of the servicing and administration of this Contract including, without limitation, a fee or allowance for: dealing with each stop payment request and arrangements to hold or process any payments other than on its due date by preauthorized debit and with any late or missed payment and for replacement of each cheque or other instrument not honoured when presented for payment, any preauthorized payment which does not clear as scheduled, or any payment in a form other than preauthorized payment; preparing each assumption, arrears, reinstatement, discharge or other hypothec statement, and each amortization or revised amortization schedule whether provided to the Borrower, to the Borrower’s agents or solicitors or any other interested person; setting up each loan in the Lender’s loan account systems and periodically for processing, maintaining and upgrading systems, software licensing, document management and data storage and retention and related customer service; processing each application to obtain the Lender’s consent to approve a rental of the Hypothecated Property, or to assume, transfer or assign this Contract and the hypothecs created therein or the Lender’s approval or consent for any other matter required by this Contract whether or not approval or consent is provided or the matter is completed; processing each payment frequency change, each payment date change, a skipped payment (if permitted by the Lender), extension, renewal, conversion, restructuring or other amendment of the Contract, the Agreements, or amounts secured by the hypothecs created under this Contract, whether or not completed; considering a request for a postponement and dealing with the completion of documents relating to a postponement request; investigating the status of any insurance, administering insurance cancellations, paying insurance premiums, dealing with insurance claims and otherwise attending to any circumstances resulting from non-compliance with insurance requirements under this Contract; providing a copy or duplicate of documents from the Lender’s file or an amortization schedule, a payment history, tax account history, audit verification and other services of a clerical nature including retrieval, copying, transmissions and other charges; investigating the status of Tax payments and administering Tax payments; administering the account for collection and payment of Taxes; registering an application for registration of hypothecs or issuing or receiving any notice or information, security status or acknowledgement request and conducting any required searches; registering electronically or otherwise or executing and delivering any discharge or assignment of the hypothecs created under this Contract (notwithstanding that the discharge or assignment may have been prepared by the Borrower or other person on behalf of the Borrower); reinvesting the principal amount of the Loan in the event the Loan is repaid in full prior to the maturity date; or generally, any matter connected with the administration of this Contract, the Agreements and the Hypothecated Property including inquiring into compliance, dealing with or enforcing any obligation contained in this Contract or Agreements and including, without limitation, with respect to preparation and administration of legal actions and enforcements, Taxes, condominium fees and matters, insurance, repair and construction, environmental matters, leases and other encumbrances and managing or selling the Hypothecated Property. The Lender may add its fees to the Indebtedness secured by the hypothecs created under this Contract and the Lender will charge the Borrower interest on these fees at the Interest Rate, from the date the fees are incurred. The Lender’s administrative and processing fees shall be the amounts established, disclosed and generally applied by the Lender from time to time and may be ascertained upon inquiry to the Lender. The Lender has the right to change the fees it generally charges borrowers from time to time.

Servicing Fees. The Borrower agrees You agree to pay to the Lender, when due, the Lender’s then current us servicing fees to cover our reasonable time and costs for administration and processing fees for all aspects of the servicing and administration of this Contract including, Charge including without limitation, a fee or allowance for: (a) dealing with each stop payment request and arrangements to hold or process any payments other than on its due date by preauthorized debit and with any late or missed payment and for replacement of each cheque or other instrument not honoured when presented for payment, payment or any preauthorized payment which does not clear as scheduled, or any payment in a form other than preauthorized payment; (b) preparing each assumption, arrears, reinstatement, discharge or other hypothec mortgage statement, and each amortization or revised amortization schedule whether provided to the Borroweryou, to the Borrower’s our agents or solicitors or any other interested person; setting up each loan in the Lender’s loan account systems and periodically for processing, maintaining and upgrading systems, software licensing, document management and data storage and retention and related customer service; , (c) processing each application to obtain the Lender’s our consent to approve a rental of assume the Hypothecated Property, mortgage or to assume, transfer or assign this Contract and the hypothecs created therein or the Lender’s our approval or consent for any other matter required by this Contract the Charge whether or not approval or consent is provided or the matter is completed; , (d) processing each payment frequency change, each payment date change, a skipped payment (if permitted by the Lender), extension, renewal, conversion, restructuring or other amendment of the Contract, the Agreements, Charge or amounts secured by the hypothecs created under this ContractCharge, whether or not completed; considering a request for a postponement and dealing with the completion of documents relating to a postponement request; , (e) investigating the status of any insurance, insurance and administering insurance cancellations, cancellations and paying insurance premiums, dealing with insurance claims and otherwise attending to any circumstances resulting from non-compliance with insurance requirements under this Contract; providing a copy or duplicate of documents from the Lender’s file or an amortization schedule, a payment history, tax account history, audit verification and other services of a clerical nature including retrieval, copying, transmissions and other charges; , (f) investigating the status of Tax realty tax payments and administering Tax tax payments; administering the account for collection and payment of Taxes; , (g) registering an application for registration of hypothecs a financing statement or financing change statement or issuing or receiving any notice or information, security status or acknowledgement request and conducting any required searches; , (h) registering electronically or otherwise or executing and delivering any discharge or assignment of the hypothecs created under this Contract Charge (notwithstanding that the discharge or assignment may have been prepared by the Borrower you or other person on behalf your behalf), (i) the personal time and trouble of the Borrower); reinvesting the principal amount of the Loan our employees or agents in the event the Loan is repaid in full prior to the maturity date; collecting any payment or generally, any matter connected with the administration of this Contract, the Agreements and the Hypothecated Property including inquiring into compliance, compliance or otherwise reviewing or dealing with or enforcing any other obligation contained in this Contract Charge or Agreements instructing and assisting counsel or other agents with respect to the enforcement of this Charge and any litigation in relation thereto or in managing or selling the Property including, without limitation, with respect to preparation and administration of legal actions and enforcements, Taxestaxes, condominium fees and matters, insurance, repair and construction, environmental matters, leases and other encumbrances and managing or selling encumbrances, and (j) generally, any matter connected with the Hypothecated Propertyproper administration of the Mortgage. The Lender may add its fees to the Indebtedness secured by the hypothecs created under this Contract and the Lender will charge the Borrower interest on these fees at the Interest Rate, from the date the fees are incurred. The Lender’s administrative and processing Our servicing fees shall be the amounts established, disclosed established and generally applied by the Lender us from time to time and may be disclosed in a Schedule to this Charge or ascertained upon inquiry to the Lender. The Lender has the right to change the fees it generally charges borrowers from time to timeus.

Servicing Fees. The Borrower agrees You agree to pay to the Lender, when due, the Lender’s then current us servicing fees to cover our reasonable time and costs for administration and processing fees for all aspects of the servicing and administration of this Contract including, Charge including without limitation, a fee or allowance for: (a) dealing with each stop payment request and arrangements to hold or process any payments other than on its due date by preauthorized debit and with any late or missed payment and for replacement of each cheque or other instrument not honoured when presented for payment, payment or any preauthorized payment which does not clear as scheduled, or any payment in a form other than preauthorized payment; (b) preparing each assumption, arrears, reinstatement, discharge or other hypothec mortgage statement, and each amortization or revised amortization schedule whether provided to the Borroweryou, to the Borrower’s our agents or solicitors or any other interested person; setting up each loan in the Lender’s loan account systems and periodically for processing, maintaining and upgrading systems, software licensing, document management and data storage and retention and related customer service; , (c) processing each application to obtain the Lender’s our consent to approve a rental of assume the Hypothecated Property, mortgage or to assume, transfer or assign this Contract and the hypothecs created therein or the Lender’s our approval or consent for any other matter required by this Contract the Charge whether or not approval or consent is provided or the matter is completed; , (d) processing each payment frequency change, each payment date change, a skipped payment (if permitted by the Lender), extension, renewal, conversion, restructuring or other amendment of the Contract, the Agreements, Charge or amounts secured by the hypothecs created under this ContractCharge, whether or not completed; considering a request for a postponement and dealing with the completion of documents relating to a postponement request; , (e) investigating the status of any insurance, insurance and administering insurance cancellations, cancellations and paying insurance premiums, dealing with insurance claims and otherwise attending to any circumstances resulting from non-compliance with insurance requirements under this Contract; providing a copy or duplicate of documents from the Lender’s file or an amortization schedule, a payment history, tax account history, audit verification and other services of a clerical nature including retrieval, copying, transmissions and other charges; , (f) investigating the status of Tax realty tax payments and administering Tax tax payments; administering the account for collection and payment of Taxes; , (g) registering an application for registration of hypothecs a financing statement or financing change statement or issuing or receiving any notice or information, security status or acknowledgement request and conducting any required searches; , (h) registering electronically or otherwise or executing and delivering any discharge or assignment of the hypothecs created under this Contract Charge (notwithstanding that the discharge or assignment may have been prepared by the Borrower you or other person on behalf your behalf), (i) the personal time and trouble of the Borrower); reinvesting the principal amount of the Loan our employees or agents in the event the Loan is repaid in full prior to the maturity date; collecting any payment or generally, any matter connected with the administration of this Contract, the Agreements and the Hypothecated Property including inquiring into compliance, compliance or otherwise reviewing or dealing with or enforcing any other obligation contained in this Contract Charge or Agreements instructing and assisting counsel or other agents with respect to the enforcement of this Charge and any litigation in relation thereto or in managing or selling the Property including, without limitation, with respect to preparation and administration of legal actions and enforcements, Taxestaxes, condominium fees and matters, insurance, repair and construction, environmental matters, leases and other encumbrances and managing or selling encumbrances, and (i) generally, any matter connected with the Hypothecated Propertyproper administration of the Mortgage. The Lender may add its fees to the Indebtedness secured by the hypothecs created under this Contract and the Lender will charge the Borrower interest on these fees at the Interest Rate, from the date the fees are incurred. The Lender’s administrative and processing Our servicing fees shall be the amounts established, disclosed established and generally applied by the Lender us from time to time and may be disclosed in a Schedule to this Charge or ascertained upon inquiry to the Lender. The Lender has the right to change the fees it generally charges borrowers from time to timeus.

Servicing Fees. The Borrower agrees ‌ You agree to pay us servicing fees to the Lender, when due, the Lender’s then current administration cover our reasonable time and processing fees costs for all aspects of the servicing and administration of this Contract the mortgage and agreements including, without limitation, a fee or allowance for: (a) administering the account for the collection and payment of taxes; (b) dealing with each stop payment request requests and arrangements to hold or process any payments other than on its due date by preauthorized debit and with any late or missed payment and for replacement of each cheque or other instrument not honoured when presented for payment, or any preauthorized payment which does not clear as scheduled, or any payment in a form other than preauthorized payment; ; (c) preparing each assumption, arrears, reinstatement, discharge or other hypothec mortgage statement, and each amortization or revised amortization schedule whether provided to the Borroweryou, to the Borrower’s our agents or solicitors or any other interested person; ; (d) setting up each loan in the Lender’s our loan account systems and periodically for processing, maintaining and upgrading systems, software licensing, document management licensing and data storage and retention and related customer service; ; (e) processing each application to obtain the Lender’s our consent to approve a rental of assume the Hypothecated Property, mortgage or to assume, transfer or assign this Contract and the hypothecs created therein or the Lender’s our approval or consent for any other matter required by this Contract the mortgage whether or not approval or consent is provided or the matter is completed; ; (f) processing each payment frequency change, each payment date change, a skipped payment (if permitted by the Lender)charge, extension, renewal, conversion, restructuring or other amendment of the Contractmortgage, the Agreementsagreements, or amounts secured by the hypothecs created under this Contractmortgage, whether or not completed; considering a request for a postponement and dealing with the completion of documents relating to a postponement request; ; (g) investigating the status of any insurance, administering insurance cancellations, paying insurance premiums, premiums and dealing with insurance claims and otherwise attending to any circumstances resulting from non-compliance with insurance requirements under this Contract; claims; (h) providing a copy or duplicate of documents from the Lender’s our file or an amortization schedule, a payment history, tax account history, audit verification and other services of a clerical nature including retrieval, copying, transmissions and other charges; ; (i) investigating the status of Tax realty tax payments and administering Tax tax payments; administering the account for collection and payment of Taxes; ; (j) registering an application for registration of hypothecs a financing statement or financing change statement or issuing or receiving any notice or information, security status or acknowledgement request and conducting any required searches; ; (k) registering electronically or otherwise or executing and delivering any discharge or assignment of the hypothecs created under this Contract mortgage (notwithstanding that the discharge or assignment may have been prepared by the Borrower you or other person on behalf of the Borroweryour behalf); reinvesting the principal amount of the Loan in the event the Loan is repaid in full prior to the maturity date; or or (l) generally, any matter connected with the administration of this Contractthe mortgage, the Agreements agreements and the Hypothecated Property your property including inquiring into compliance, dealing with or enforcing any obligation contained in this Contract the mortgage or Agreements agreements and including, without limitation, with respect to preparation and administration of legal actions and enforcements, Taxestaxes, condominium fees and matters, insurance, repair and construction, environmental matters, leases and other encumbrances and managing or selling the Hypothecated Propertyyour property. The Lender may add its fees to the Indebtedness secured by the hypothecs created under this Contract and the Lender will charge the Borrower interest on these fees at the Interest Rate, from the date the fees are incurred. The Lender’s administrative and processing Our servicing fees shall be the amounts established, disclosed and generally applied by the Lender us from time to time and may be ascertained upon inquiry to the Lender. The Lender has the right to change the fees it generally charges borrowers from time to timeus.