Common use of Trustee to Retain Possession of Certain Insurance Policies and Documents Clause in Contracts

Trustee to Retain Possession of Certain Insurance Policies and Documents. The Trustee or its agent shall also retain possession and custody of the originals of any Special Hazard Insurance Policy, any Pool Insurance Policy, any Mortgagor Bankruptcy Bond, and any certificates of renewal as to the foregoing as may be issued from time to time as contemplated by these Standard Terms. Until the Bonds have been paid in full and the Issuing Entity otherwise has fulfilled its obligations under the Indenture, the Trustee or its agent shall also retain possession and custody of each Trustee Mortgage Loan File in accordance with and subject to the terms and conditions of the Indenture. The Master Servicer shall promptly deliver to the Trustee or its agent upon the execution or receipt thereof, the originals of any Special Hazard Insurance Policy, any Pool Insurance Policy, any Mortgagor Bankruptcy Bond, and any certificates of renewal thereof, and such other documents or instruments that constitute portions of the Trustee Mortgage Loan File that come into the possession of the Master Servicer from time to time.