Generally

Requirements

You must:

• Monitor the PropertyPropertyMultifamily 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 BorrowerBorrowerPerson who is the obligor per the Note. manages and maintains the PropertyPropertyMultifamily 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 DocumentsLoan DocumentsAll Fannie Mae-approved documents evidencing, securing, or guaranteeing the Mortgage Loan. .