Full Payment After Expiration of Period Before Assessing Late Charges

If the BorrowerBorrowerPerson who is the obligor under the Note. makes a full payment after the date late charges are assessed, upon receipt of such payment the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). must send within five (5) business days the BorrowerBorrowerPerson who is the obligor under the Note., under its letterhead, the Multifamily Late Payment Letter – Fees (Optional) Assessed (Form 4805).

If the amount of the payment received from the BorrowerBorrowerPerson who is the obligor under the Note. is not sufficient to cure all Monetary Defaults, the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). shall obtain direction from Fannie Mae Special Asset ManagementSpecial Asset ManagementTeam that performs the work of the Special Servicer for Fannie Mae that can be contacted at [email protected] prior to applying the amount to past-due payments and advancing the LPILPIDue date of the last payment received. date.  Fannie Mae may, at its option, require the ServicerServicerPrimary Person responsible for servicing the Mortgage Loan (e.g.,  the originator, the selling Lender, or a third-party servicer). to hold any such payments received in suspense until the BorrowerBorrowerPerson who is the obligor under the Note. has paid all amounts necessary to cure all Monetary Defaults.