Borrower’s Failure to Diligently Pursue Repair
The Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must notify Multifamily Asset Management Multifamily Asset ManagementTeam that can be contacted at [email protected]. immediately if the Borrower BorrowerPerson who is the obligor per the Note. fails to:
- proceed diligently with any necessary repair and restoration work;
- perform the work satisfactorily; or
- perform in accordance with the terms of the Loan Documents Loan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. , including any applicable Amendment to Multifamily Loan and Security Agreement (Restoration Reserve) ( Form 6615 ) or Insurance Loss Proceeds Collateral Agreement ( Form 6639 ).
The Servicer’s Servicer’sPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. notice to Multifamily Asset Management Multifamily Asset ManagementTeam that can be contacted at [email protected]. must include a description of any steps that the Servicer ServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. is taking to resolve the situation.