Generally

Requirements

You must:

• Monitor the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). by:
  • inspecting it;
  • evaluating its financial performance; and
  • submitting the inspection and evaluation results per this Chapter.
• Ensure the Borrower BorrowerPerson who is the obligor per the Note. manages and maintains the Property PropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). per the Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. .