DELIVER SUCH REPORTS UNTIL THE
REPURCHASE OF THE PURCHASED MORTGAGE LOAN BY SELLER;
(III)
SELLER SHALL IMMEDIATELY NOTIFY BUYER IF IT BECOMES AWARE OF ANY
PAYMENT DEFAULT THAT OCCURS UNDER THE PURCHASED MORTGAGE LOAN OR ANY DEFAULT
UNDER ANY SUBSERVICING AGREEMENT THAT WOULD MATERIALLY AND ADVERSELY AFFECT ANY
PURCHASED MORTGAGE LOAN SUBJECT THERETO; AND
(IV)
IF, DURING THE POST-ORIGINATION PERIOD, ANY MORTGAGOR CONTACTS
SELLER REQUESTING A PAYOFF QUOTE ON THE RELATED PURCHASED MORTGAGE LOAN, SELLER
SHALL ENSURE THAT ANY PAYOFF QUOTE PROVIDED REQUIRES MORTGAGOR TO WIRE PAYOFF
FUNDS DIRECTLY TO THE FUNDING ACCOUNT AND INCLUDES WIRING INSTRUCTIONS THEREFOR.
(D)
SELLER SHALL RELEASE ITS CUSTODY OF THE
CONTENTS OF ANY CREDIT FILE AND ANY LOAN FILE ONLY (I) IN ACCORDANCE WITH THE
WRITTEN INSTRUCTIONS OF BUYER, (II) UPON THE CONSENT OF BUYER WHEN SUCH RELEASE
IS REQUIRED AS INCIDENTAL TO SELLER'S SERVICING OF THE PURCHASED MORTGAGE LOAN,
OR IS REQUIRED TO COMPLETE THE TAKEOUT FUNDING OR COMPLY WITH THE TAKEOUT
GUIDELINES, OR (III) AS REQUIRED BY ANY REQUIREMENTS OF LAW.
(E)
BUYER RESERVES THE RIGHT TO APPOINT A
SUCCESSOR INTERIM SERVICER, OR A REGULAR SERVICER, AT ANY TIME TO SERVICE ANY
PURCHASED MORTGAGE LOAN (EACH A "SUCCESSOR SERVICER") IN ITS SOLE DISCRETION.
IF BUYER ELECTS TO MAKE SUCH AN APPOINTMENT AFTER THE OCCURRENCE OF A DEFAULT OR
AN EVENT OF DEFAULT, SELLER SHALL BE ASSESSED ALL COSTS AND EXPENSES INCURRED BY
BUYER ASSOCIATED WITH TRANSFERRING THE PHYSICAL AND CONTRACTUAL SERVICING
MATERIALS, FILES AND RECORDS FOR THE SERVICING OF EACH PURCHASED MORTGAGE LOAN,
TOGETHER WITH ALL RELATED SERVICING RECORDS, TO THE SUCCESSOR SERVICER.
IN THE
EVENT OF SUCH AN APPOINTMENT, SELLER SHALL PERFORM ALL ACTS AND TAKE ALL ACTION
SO THAT ANY PART OF THE CREDIT FILE AND RELATED SERVICING RECORDS HELD BY
SELLER, TOGETHER WITH ALL FUNDS AND OTHER RECEIPTS RELATING TO SUCH PURCHASED
MORTGAGE LOAN, ARE PROMPTLY DELIVERED TO THE SUCCESSOR SERVICER, AND SHALL
OTHERWISE FULLY COOPERATE WITH BUYER IN EFFECTUATING SUCH TRANSFER.
SELLER
SHALL HAVE NO CLAIM FOR LOST INTERIM SERVICING INCOME, ANY TERMINATION FEE, LOST
PROFITS OR OTHER DAMAGES IF BUYER APPOINTS A SUCCESSOR SERVICER HEREUNDER.
BUYER MAY, IN ITS SOLE DISCRETION IF AN EVENT OF DEFAULT SHALL HAVE OCCURRED AND
BE CONTINUING, WITHOUT PAYMENT OF ANY TERMINATION FEE OR ANY OTHER AMOUNT TO
SELLER, SELL ANY OR ALL OF THE PURCHASED MORTGAGE LOANS ON A SERVICING RELEASED
BASIS, AT THE SOLE COST AND EXPENSE OF SELLER.
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(F)
IN THE EVENT SELLER IS TERMINATED AS INTERIM SERVICER OF ANY
PURCHASED MORTGAGE LOAN, WHETHER BY EXPIRY OF THE INTERIM SERVICING TERM OR BY
ANY OTHER MEANS, SELLER SHALL COOPERATE WITH BUYER IN EFFECTING SUCH TERMINATION
AND TRANSFERRING ALL AUTHORITY TO INTERIM SERVICE SUCH PURCHASED MORTGAGE LOAN
TO THE SUCCESSOR SERVICER.
WITHOUT LIMITING THE GENERALITY OF THE FOREGOING,
SELLER SHALL, IN THE MANNER AND AT SUCH TIMES AS THE SUCCESSOR SERVICER OR BUYER
SHALL REASONABLY REQUEST (I) PROMPTLY TRANSFER ALL DATA IN ITS POSSESSION
RELATING TO THE APPLICABLE PURCHASED MORTGAGE LOANS AND OTHER MORTGAGE ASSETS TO
THE SUCCESSOR