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<br />3. Servicing Compensation and Reimbursement <br />Client shall compensate CEE for the Services in accordance with the fee schedule attached as <br />Exhibit B of this Agreement and reimburse CEE for any of CEE’s verifiable out-of-pocket costs, <br />including but not limited to the costs of recordation of documents incidental to provision of the <br />Services, perfecting or releasing liens, legal costs incurred, servicing of notices, repossession, <br />foreclosure, and other similar costs paid by CEE on behalf of Client with respect to CEE’s actions <br />on specific Client Loan(s) (collectively, the “Fees”). CEE, as part of it providing the Services, is <br />entitled to institute a late payment policy upon clearly established rules which are communicated <br />to the borrower. In addition to the compensation provided for herein, CEE shall be entitled to <br />retain any late fee payments collected from borrowers pursuant to such policy. CEE shall retain <br />fees owed from fund remittance as provided in Exhibit A. CEE shall issue a written report, upon <br />request of Client, to Client showing the total net fees it has collected along with all funds which <br />are remitted to Client. Following the Initial Term, as hereinafter defined, CEE may increase the <br />Fees from time to time by providing an updated Exhibit B to Client at least sixty (60) days prior <br />to effective date of the new fee schedule and no more than one time annually. <br /> <br />4. Initial Boarding of Clients <br />In making this Agreement, CEE represents, warrants, and agrees to provide Client the <br />Information for each Client Loan and the loan documents related to the Client Loans upon <br />request. <br /> <br />For purposes of this Agreement, “Information” shall include the following: <br /> <br /> Borrower Full Name <br /> Property Address, if Secured <br /> Loan Amount <br /> Interest Rate <br /> Term <br /> Closing Date <br /> Monthly Payment Amount <br /> Payoff Date <br /> Amortization Schedule <br /> Closing Documents <br /> Servicing Records <br /> Complaint Resolution <br /> Collections Records (for Delinquent Accounts only) <br /> <br />Client will cooperate with CEE, and provide CEE such information and documents as may be <br />necessary in CEE’s discretion to perform its duties under this Agreement, including to reconcile <br />any loan balance information provided to CEE. CEE may rely in good faith on information <br />provided to it by Client. <br /> <br />2 <br />Mounds View Loan Servicing Contract #3084 <br />621273v5MU205-13 <br /> <br />