Application of Partial Payments

If the amount of the payment received from the BorrowerBorrowerPerson who is the obligor per the Note. is not sufficient to cure all Monetary Defaults, the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. shall obtain direction from Fannie Mae Special Asset ManagementSpecial Asset ManagementTeam performing Fannie Mae’s Special Servicing 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 servicing the Mortgage Loan, including the originator, seller, or a third party. to hold any such payments received in suspense until the BorrowerBorrowerPerson who is the obligor per the Note. has paid all amounts necessary to cure all Monetary Defaults.