Common use of Servicing Responsibilities Clause in Contracts

Servicing Responsibilities. Freddie Mac will service or supervise servicing of the Mortgages in a manner consistent with prudent servicing standards and in substantially the same manner as Freddie Mac services or supervises the servicing of unsold mortgages of the same type in its portfolio. In performing its servicing responsibilities hereunder, Freddie Mac may engage servicers, subservicers and other agents or independent contractors. Freddie Mac may discharge its responsibility to supervise servicing of the Mortgages by monitoring servicers' performance on a reporting and exception basis. Except as provided in Article V of this Agreement, Freddie Mac will not be subject to the control of Holders in the discharge of its responsibilities pursuant to this Article. Except with regard to its guarantee obligations pursuant to Section 3.09, Freddie Mac will have no liability to any Holder for its actions or omissions in discharging its responsibilities under this Article II other than for any direct damage resulting from its failure to exercise that degree of ordinary care it exercises in the conduct and management of its own affairs. Freddie Mac will have no liability for consequential damages.

Servicing Responsibilities. Freddie ▇▇▇▇▇▇▇ Mac will service or supervise servicing of the Mortgages in a manner consistent with prudent servicing standards and in substantially the same manner as Freddie ▇▇▇▇▇▇▇ Mac services or supervises the servicing of unsold mortgages of the same type in its portfolio. In performing its servicing responsibilities hereunder, Freddie ▇▇▇▇▇▇▇ Mac may engage servicers, subservicers and other agents or independent contractors. Freddie ▇▇▇▇▇▇▇ Mac may discharge its responsibility to supervise servicing of the Mortgages by monitoring servicers' performance on a reporting and exception basis. Except as provided in Article V of this Agreement, Freddie ▇▇▇▇▇▇▇ Mac will not be subject to the control of Holders in the discharge of its responsibilities pursuant to this Article. Except with regard to its guarantee obligations pursuant to Section 3.09, Freddie ▇▇▇▇▇▇▇ Mac will have no liability to any Holder for its actions or omissions in discharging its responsibilities under this Article II other than for any direct damage resulting from its failure to exercise that degree of ordinary care it exercises in the conduct and management of its own affairs. Freddie ▇▇▇▇▇▇▇ Mac will have no liability for consequential damages.

Servicing Responsibilities. Freddie ▇▇▇▇▇▇▇ Mac will service or supervise servicing of the Mortgages in a manner consistent with prudent servicing standards and in substantially the same manner as Freddie ▇▇▇▇▇▇▇ Mac services or supervises the servicing of unsold mortgages of the same type in its portfolio. In performing its servicing responsibilities hereunder, Freddie ▇▇▇▇▇▇▇ Mac may engage servicers, subservicers and other employ servicing agents or independent contractors. Freddie ▇▇▇▇▇▇▇ Mac may discharge its responsibility to supervise servicing of the Mortgages by monitoring servicers' performance on a reporting and exception basis. Except as provided in Article V of this Agreement, Freddie ▇▇▇▇▇▇▇ Mac will not be subject to the control of Holders in the discharge of its responsibilities pursuant to this Article. Except with regard to its guarantee obligations pursuant to Section 3.09, Freddie ▇▇▇▇▇▇▇ Mac will have no liability to any Holder for its actions or omissions in discharging its responsibilities under this Article II other than for any direct damage resulting from its failure to exercise that degree of ordinary care it exercises in the conduct and management of its own affairsaÅairs. Freddie ▇▇▇▇▇▇▇ Mac will have no liability for consequential damages.