Common use of Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund Clause in Contracts

Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. (a) The Trustee, by execution and delivery hereof and the below-referenced delivery to the Trustee of the Certification and Exception Report, acknowledges receipt by it (or by the Custodian on its behalf) of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the Custodian on behalf of the Trustee in accordance with Section 3.2 of the Custodial Agreement and the exceptions set forth on the Exception Report. The Custodian, on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor a Certification and Exception Report on the Closing Date in the forms required by the Custodial Agreement.

Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. (a) The Trustee, by execution and delivery hereof and the below-referenced delivery to the Trustee of the Certification and Exception Reporthereof, acknowledges receipt by it (or by the Custodian on its behalf) behalf of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the Custodian on behalf of the Trustee in accordance with Section 3.2 4(a) of the Custodial Custody Agreement (a form of which is attached hereto as 221575 Sequoia 2007-2 Pooling and the exceptions set forth on the Exception ReportServicing Agmt. Exhibit D). The Custodian, Custodian on behalf of the Trustee, will execute and deliver to the Trustee and the Depositor a Certification an Initial Trust Receipt and Exception Report Schedule of Exceptions, on the Closing Date in the forms required by the Custodial Custody Agreement.

Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. (a) The Trustee, by execution and delivery hereof and the below-referenced delivery to the Trustee of the Certification and Exception Report, acknowledges receipt by it (or by the Custodian on its behalf) of the Trustee Mortgage Files pertaining to the Mortgage Loans listed on the Mortgage Loan Schedule, subject to review thereof by the Custodian on behalf of the Trustee in accordance with Section 3.2 Sections 4 and 6 of the Custodial Agreement and the exceptions set forth on the Exception Report. The Custodian, on behalf of the Trustee, will execute and deliver to the Trustee Trustee, the Seller, the Master Servicer and the Depositor a Certification and Exception Report on the Closing Date in the forms required by the Custodial Agreement.