Indiana Pooling and Servicing Agreement is a legal contract that outlines the terms and conditions between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. It is specifically designed for pooling and servicing mortgage loans within the state of Indiana. This agreement governs the relationship and obligations of the parties involved in managing the mortgage loans. Key terms within the Indiana Pooling and Servicing Agreement include loan servicing, loan payment collections, the distribution of payments, reporting requirements, indemnification, default procedures, and termination provisions. The agreement ensures transparency, compliance, and smooth operations in managing the mortgage loans. Types of Indiana Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. May include: 1. Standard Indiana Pooling and Servicing Agreement: This is the primary agreement which covers the general terms and conditions for pooling and servicing mortgage loans in Indiana. It outlines the responsibilities and rights of each party involved and is customized to meet the specific requirements of the parties. 2. Multiple Pooling and Servicing Agreement: In cases where there are multiple mortgage loan portfolios being serviced simultaneously, this type of agreement might be used. It enables IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. To manage different mortgage portfolios under separate terms and conditions. 3. Amended and Restated Pooling and Servicing Agreement: This agreement is utilized when there is a need to modify or update the original Indiana Pooling and Servicing Agreement. It outlines the changes made to the initial agreement, ensuring that all parties are aware and in agreement with the modifications. 4. Extension Indiana Pooling and Servicing Agreement: When the initial agreement term is set to expire, an extension agreement is implemented to extend the contract period. This type of agreement ensures continuity in the management of the mortgage loans without any interruption. The Indiana Pooling and Servicing Agreement between IMPACT Secured Assets Corp., iMac Funding Corp., and Northwest Bank Minnesota, National Assoc. Serves as a comprehensive legal document that safeguards the interests of all parties involved and ensures efficient management of mortgage loans in the state of Indiana.
Indiana Pooling and Servicing Agreement between IMPAC Secured Assets Corp., IMAC Funding Corp. and Northwest Bank Minnesota, National Assoc.
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