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New Jersey Bank Foreclosure Listings. The amount of any losses incurred with respect to any such investments shall be deposited in the Protected Account by the Servicer on the Business Day prior to the Servicer Remittance Date.
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Many home buyers have a first and a second mortgage. Payment made to the Securities Administrator at the account specified herein or to another account specified in writing by the Securities Administrator shall satisfy the payment obligations of BNY hereunder to the extent of such payment.
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Customers should get this information from the institution that services their home loan.

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