Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14
Appears in 4 contracts
Samples: Custodial Agreement (First Horizon Asset Securities Inc), Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee Section 4.01 Countrywide to Act as Master Servicer.................................................................49 SECTION 3.5 .............................. 25 Section 4.02 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ........................ 26 Section 4.03 Realization Upon Defaulted Mortgage Loans................... 27 Section 4.04 Establishment of Custodial Accounts; Repurchase Deposits in Custodial Accounts.................................... 28 Section 4.05 Permitted Withdrawals From the Custodial Account............ 29 Section 4.06 Establishment of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to CooperateEscrow Accounts; Release Deposits in Escrow Accounts.......................................... 30 Section 4.07 Permitted Withdrawals From Escrow Account................... 30 Section 4.08 Transfer of Mortgage Files..................................................61 SECTION 3.13 Documents Records Accounts........................................ 31 Section 4.09 Payment of Taxes, Insurance and Funds in Possession Other Charges; Maintenance of Master Servicer to be Held for the Trustee..........62 SECTION 3.14PMI Policies; Collections Thereunder...... 31 Section 4.10 Maintenance of Hazard Insurance............................. 32 Section 4.11 Business Continuity Plan/Disaster Recovery.................. 32 Section 4.12 Fidelity Bond; Errors and Omissions Insurance............... 33 Section 4.13 Title, Management and Disposition of REO Property........... 33 Section 4.14 Notification of Adjustments................................. 34 Section 4.15 Notification of Maturity Date............................... 34 Section 4.16
Appears in 3 contracts
Samples: Purchase and Servicing Agreement (Banc of America Funding 2006-D Trust), Assumption and Recognition Agreement (Banc of America Funding Corp), Assignment, Assumption and Recognition Agreement (Banc of America Funding 2007-a Trust)
Administration and Servicing of Mortgage Loans. 47 54 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 54 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 55 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 56 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 56 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 57 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 60 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 61 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 61 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 63 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 65 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 66 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.1468
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master 5 Section 3.01. The Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .................................................................................5 Section 3.02. Collection of Certain Mortgage Loan Payments.................................................7 Section 3.03. Withdrawals from the Collection Account......................................................9 Section 3.04. Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses...............................10 Section 3.05. Modification Agreements.....................................................................11 Section 3.06. Trust Estate; Distribution Account...................50 SECTION 3.6 Collection Related Documents.............................................................11 Section 3.07. Realization Upon Defaulted Mortgage Loans...................................................12 Section 3.08. Company and Indenture Trustee to Cooperate..................................................14 Section 3.09. Servicing Compensation; Payment of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Certain Expenses by Servicer.............................15 Section 3.10. Annual Statement as to Compliance...........................................................15 Section 3.11. Annual Servicing Report.....................................................................16 Section 3.12. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ................16 Section 3.13. Maintenance of Hazard Insurance; Maintenance of Primary Certain Servicing Insurance Policies........................56 SECTION 3.10 Enforcement .........................................16 Section 3.14. Information Required by the Internal Revenue Service Generally and Reports of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Foreclosures and Abandonments of Mortgaged Property......................................17 Section 3.15. Optional Repurchase of Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.............................................17
Appears in 2 contracts
Samples: Servicing Agreement (Boardwalk Mortgage Securities Inc.), Servicing Agreement (Park Place Securities, Inc.)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 53 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 53 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account...........................................................................................................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ......................................................................................55 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 58 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc), Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 42 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ....................42 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ....43 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ..............................................43 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ............................44 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 .........................................44 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............................................47 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ...........................................48 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 .........................................48 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ...........................................50 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ....52 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .......................................53 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14..............56
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 48 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 .......................................................48 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 .......................................49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 .......................50 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ...............................................................50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 .................51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 .............................54 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ....................55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 .....................55 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ......................57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 .......................................58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .................60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .................................................62 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 .........63 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 93 SECTION 3.1 Master Servicer 3.01. Servicers to Service Mortgage Loans.........................................................47 .......................93 SECTION 3.2 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 Subservicers..............................................95 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the 3.03. Master Servicing by Master Servicer.........................49 .......................97 SECTION 3.4 3.04. Trustee to Act as Master Servicer or Servicer.................................................................49 .............98 SECTION 3.5 3.05. Collection of Mortgage Loan PaymentsLoans; Collection Accounts; Certificate Account.......................................98 SECTION 3.06. Establishment of and Deposits to Escrow Accounts; Distribution Account...................50 SECTION 3.6 Collection Permitted Withdrawals from Escrow Accounts; Payments of Taxes, Assessments Insurance and Similar Items; Escrow Accounts...............................53 Other Charges...........102 SECTION 3.7 3.07. Access to Certain Documentation and Information Regarding the Non-Designated Mortgage Loans......................54 ; Inspections..............................................103 SECTION 3.8 3.08. Permitted Withdrawals from the Collection Accounts and Certificate Account and Distribution Account.......................54 ..................................104 SECTION 3.9 3.09. Maintenance of Hazard Insurance; Maintenance Mortgage Impairment Insurance and Mortgage Guaranty Insurance Policy; Claims; Restoration of Primary Insurance Policies........................56 Mortgaged Property.................................................105 SECTION 3.10 3.10. Enforcement of Due-on-Due on Sale Clauses; Assumption Agreements........................................57 ...............................................109 SECTION 3.11 3.11. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .....................110 SECTION 3.12 3.12. Trustee and Trust Administrator to Cooperate; Release of Mortgage Files..................................................61 ................................113 SECTION 3.13 Documents 3.13. Documents, Records and Funds in Possession of Master a Servicer to be Held for the Trustee..........62 Trust........................114 SECTION 3.14. Servicing Fee............................................114 SECTION 3.15. Access to Certain Documentation..........................115 SECTION 3.16. Annual Statement as to Compliance........................115 SECTION 3.17. Annual Independent Public Accountants' Servicing Statement; Financial Statements..........................116 SECTION 3.18. Maintenance of Fidelity Bond and Errors and Omissions Insurance......................................118 SECTION 3.19. Special Serviced Mortgage Loans..........................118 SECTION 3.20. Indemnification of Servicers and Master Servicer.........119 SECTION 3.21. Notification of Adjustments..............................119 SECTION 3.22. Designated Mortgage Loans................................119 ARTICLE IV
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-1)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Section 3.01. The Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .........................................................III-1 Section 3.02. Collection of Certain Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted ................................III-3 Section 3.03. Withdrawals from the Certificate Collection Account and Distribution Account.......................54 SECTION 3.9 the Additional Loan Accounts.............................................................III-5 Section 3.04. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Property Protection Expenses...............III-8 Section 3.05. Assumption and Modification Agreements........................................57 SECTION 3.11 ......................................III-8 Section 3.06. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ............................................................III-9 Section 3.07. Trustee to Cooperate.......................................................III-10 Section 3.08. Servicing Compensation; Release Payment of Certain Expenses by Master Servicer.....III-11 Section 3.09. Annual Statement as to Compliance..........................................III-11 Section 3.10. Annual Servicing Report....................................................III-12 Section 3.11. Access to Certain Documentation and Information Regarding the Mortgage Files..................................................61 SECTION 3.13 Documents Records Loans...........................................................III-12 Section 3.12. Maintenance of Certain Servicing Insurance Policies........................III-12 Section 3.13. Reports to the Securities and Funds in Possession Exchange Commission..........................III-13 Section 3.14. Tax Returns................................................................III-13 Section 3.15. Information Required by the Internal Revenue Service Generally and Reports of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Foreclosures and Abandonments of Mortgaged Property...........III-13 ARTICLE IV SERVICING CERTIFICATE
Appears in 1 contract
Administration and Servicing of Mortgage Loans. 47 SECTION 52 Section 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION .......................................................52 Section 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION ................................53 Section 3.3 Rights of the Depositor and the Trustee in Respect of the Servicer.......................54 Section 3.4 Master Servicer.........................49 SECTION 3.4 Trustee Servicer to Act as Master Servicer.................................................................49 SECTION .......................................................54 Section 3.5 Collection of Mortgage Loan Payments; Certificate Collection Account; Distribution Account...................50 SECTION ...........54 Section 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION ......................57 Section 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION .............58 Section 3.8 Permitted Withdrawals from the Certificate Collection Account, Master Servicer Custodial Account and Distribution Account.......................54 SECTION ....................................................................58 Section 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION ...............60 Section 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION ................................61 Section 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION ..........63 Section 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION ..........................................66 Section 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION .........67 Section 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Saxon Asset Securities Co)
Administration and Servicing of Mortgage Loans. 47 66 SECTION 3.1 Master Servicer 3.01. Servicers to Service Mortgage Loans.........................................................47 ............................................ 66 SECTION 3.2 3.02. Servicing and Subservicing; Enforcement of the Obligations of the Servicers.........................................48 ...................................................................... 68 SECTION 3.3 3.03. Rights of the Depositor Depositor, the Securities Administrator, the Backup Servicer and the Trustee in Respect of the any Servicer............................ 68 SECTION 3.04. The Master Servicer.........................49 SECTION 3.4 Trustee Servicer or Backup Servicer to Act as Master Servicer.................................................................49 ...................... 68 SECTION 3.5 3.05. Collection of Mortgage Loan Payments; Collection Account; Master Servicer Collection Account; Certificate Account; Distribution Account...................50 ............................... 69 SECTION 3.6 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ............ 73 SECTION 3.7 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ................................................................. 74 SECTION 3.8 Permitted 3.08. Withdrawals from the Certificate a Collection Account, Master Servicer Collection Account and Distribution Certificate Account.......................54 ................................................ 74 -i- TABLE OF CONTENTS (continued) SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 3.10. [RESERVED]..................................................................... 77 SECTION 3.10 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 ...................... 77 SECTION 3.11 3.12. Realization Upon Defaulted Mortgage Loans; Repurchase Determination of Certain Mortgage Loans..................59 Excess Proceeds....................................................................... 78 SECTION 3.12 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 ................................ 80 SECTION 3.13 Documents 3.14. Documents, Records and Funds in Possession of Master Servicer the Servicers to be Held for the Trustee..........62 SECTION 3.14........................................................... 81
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Terwin Mortgage Trust, Series 2004-11he)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 ..........................................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Subservicers.I......................II-2 Section 3.03. [Reserved].........................................................................III-2 Section 3.04. [Reserved].........................................................................III-2 Section 3.05. No Contractual Relationship Between Subservicers and Trustee............................................................................III-2 Section 3.06. Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 ....................................................................III-2 Section 3.07. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 ..................................................III-3 Section 3.08. Collection of Mortgage Loan Payments; Servicing Accounts; Collection Account; Certificate Account; Distribution Account...................50 SECTION 3.6 ............................................................................III-3 Section 3.09. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 ...........................................................................III-6 Section 3.10. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 .....................................................................III-7 Section 3.11. Permitted Withdrawals from the Certificate Account and the Distribution Account.......................54 SECTION 3.9 ...............................................................III-8 Section 3.12. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 .................................................................III-9 Section 3.13. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ........................................................................III-11 Section 3.14. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ............................................................III-12 Section 3.15. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14...................................
Appears in 1 contract
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Section 3.01 The Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .......................................................................... 35 Section 3.02 Collection of Certain Mortgage Loan Payments.......................................... 37 Section 3.03 Withdrawals from the Collection Account............................................... 39 Section 3.04 Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses......................... 40 Section 3.05 Maintenance of Mortgage Impairment Insurance Policy................................... 40 Section 3.06 [Reserved]............................................................................ 41 Section 3.07 Management and Realization Upon Defaulted Mortgage Loans.............................. 41 Section 3.08 Indenture Trustee to Cooperate........................................................ 42 Section 3.09 Servicing Compensation; Distribution Account...................50 SECTION 3.6 Collection Payment of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Certain Expenses by Servicer....................... 43 Section 3.10 Annual Statement as to Compliance..................................................... 43 Section 3.11 Annual Servicing Report............................................................... 43 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals .......... 44 Section 3.13 [Reserved]............................................................................ 44 Section 3.14 Reports to the Securities and Exchange Commission..................................... 44 Section 3.15 Reports of Foreclosures and Abandonments of Mortgaged Properties, Returns Relating to Mortgage Interest Received from Individuals and Returns Relating to Cancellation of Indebtedness ......................................................... 44 Section 3.16 Advances by the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Servicer.............................................................. 44 Section 3.17 [Reserved]............................................................................ 45 Section 3.18
Appears in 1 contract
Samples: Sale and Servicing Agreement (Fleet Home Equity Loan Corp)
Administration and Servicing of Mortgage Loans. 47 43 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ......................................................... 43 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ......................................... 44 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ......................... 45 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ................................................................. 45 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ................... 45 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ............................... 49 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ...................... 49 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ....................... 50 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ........................ 51 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ........................................ 53 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .................. 54 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .................................................. 57 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 .......... 58 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account........................................................................................................................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................................................................................................................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 62 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 63 SECTION 3.14
Appears in 1 contract
Samples: Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 SubservicingAct as Servicer.......................................59 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect Subservicers' Obligations.................................61 Section 3.03. Successor Subservicers...................................................63 Section 3.04. Liability of the Master Servicer.........................49 SECTION 3.4 .........................................63 Section 3.05. No Contractual Relationship Between Subservicer and Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 or Certificateholders.......................................................63 Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee..........63 Section 3.07. Collection of Certain Mortgage Loan Payments; Certificate Deposits to Custodial Account..................................................................64 Section 3.08. Subservicing Accounts; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Servicing Accounts...............................53 SECTION 3.7 ................................67 Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ...........................................................68 Section 3.10. Permitted Withdrawals from the Certificate Account and Distribution Custodial Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; .........................69 Section 3.11. Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Coverage................................70 Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage........71 Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements........................................57 SECTION 3.11 ; Certain Assignments..........................................72 Section 3.14. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ................................74 Section 3.15. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records ..........................77 Section 3.16. Servicing and Funds Other Compensation; Eligible Master Servicing Compensation.............................................................78 Section 3.17. Reports to the Trustee and the Depositor.................................79 Section 3.18. Annual Statement as to Compliance........................................79 Section 3.19. Annual Independent Public Accountants' Servicing Report..................80 Section 3.20. Right of the Depositor in Possession Respect of the Master Servicer to be Held for the Trustee..........62 SECTION 3.14Servicer.................81
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2005-Sp3 Trust)
Administration and Servicing of Mortgage Loans. 47 56 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ....................56 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ....57 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 .......................................................58 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ............................58 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ..................................................58 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............................................................62 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ........................................................62 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ..................................................63 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ....................................................64 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ...66 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ................................................67 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .............70 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 ............................................71 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee Section 3.01. Company to Act as Master Servicer.......................................................................................................................49 SECTION 3.5 Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record; Certificate Account; Distribution Account...................50 SECTION 3.6 .................................................53 Section 3.03. Collection of Taxes, Assessments and Similar Other Items................................56 Section 3.04. Permitted Debits to the Mortgage Loan Payment Record............................56 Section 3.05. Maintenance of the Primary Insurance Policies...................................58 Section 3.06. Maintenance of Hazard Insurance.................................................58 Section 3.07. Assumption and Modification Agreements..........................................59 Section 3.08. Realization Upon Defaulted Mortgage Loans.......................................60 Section 3.09. Trustee to Cooperate; Escrow Accounts...............................53 SECTION 3.7 Release of Mortgage Files.................................63 Section 3.10. Servicing Compensation; Payment of Certain Expenses by the Servicer.............63 Section 3.11. Reports to the Trustee; Certificate Account Statements..........................64 Section 3.12. Annual Statement as to Compliance...............................................64 Section 3.13. Annual Independent Public Accountants' Servicing Report.........................64 Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ....65 Section 3.15. Maintenance of Hazard Insurance; Maintenance Certain Servicing Policies.......................................65 Section 3.16. Optional Purchase of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14...................................66
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 ...............................................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Master Servicer.........................III-2 Section 3.03. Rights of the Depositor and Depositor, the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 ..................III-3 Section 3.04. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .......................................................III-3 Section 3.05. Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 ; Pre-Funding Account.....................................................................III-3 Section 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 .....................III-7 Section 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ............III-8 Section 3.08. Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 .............III-8 Section 3.09. [Reserved].............................................................................III-11 Section 3.10. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ........................................................III-11 Section 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ..............................III-12 Section 3.12. Realization Upon Defaulted Mortgage Loans; Determination of Excess Proceeds and Realized Losses; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ..................................III-13 Section 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents ........................................III-16 Section 3.14. Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14................................................................................III-17 Section 3.15. Servicing Compensation.................................................................III-18 Section 3.16. Access to Certain Documentation........................................................III-18 Section 3.17. Annual Statement as to Compliance......................................................III-18 Section 3.18. Annual Independent Public Accountants' Servicing Statement; Financial Statements.......III-19
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Bc1)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee Section 3.01. Company to Act as Master Servicer.................................................................49 SECTION 3.5 ................................................................44 Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record; Certificate Account; Distribution Account...................50 SECTION 3.6 .....................................................................47 Section 3.03. Collection of Taxes, Assessments and Similar Other Items..........................................50 Section 3.04. Permitted Debits to the Mortgage Loan Payment Record......................................50 Section 3.05. Maintenance of the Primary Insurance Policies.............................................51 Section 3.06. Maintenance of Hazard Insurance...........................................................52 Section 3.07. Assumption and Modification Agreements....................................................53 Section 3.08. Realization Upon Defaulted Mortgage Loans.................................................53 Section 3.09. Trustee to Cooperate; Escrow Accounts...............................53 SECTION 3.7 Release of Mortgage Files...........................................56 Section 3.10. Servicing Compensation; Payment of Certain Expenses by the Company........................57 Section 3.11. Reports to the Trustee....................................................................57 Section 3.12. Annual Statement as to Compliance.........................................................57 Section 3.13. Annual Independent Public Accountants' Servicing Report...................................58 Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ..............58 Section 3.15. Maintenance of Hazard Insurance; Maintenance Certain Servicing Policies.................................................58 Section 3.16. Optional Purchase of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.............................................59
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc)
Administration and Servicing of Mortgage Loans. 47 48 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ...................................................... 48 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ...................................... 49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ...................... 50 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 .............................................................. 50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ................ 51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ............................ 54 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ................... 55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 .................... 55 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ..................... 57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ..................................... 58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ............... 60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14...............................................
Appears in 1 contract
Samples: Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 52 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 52 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 53 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 54 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 54 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 55 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 58 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 59 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 59 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 61 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 62 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 64 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 66 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 67 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee 72 Section 3.01. The Company to Act as Master Servicer.................................................................49 SECTION 3.5 Collection of Mortgage Loan Payments...................72 Section 3.02. Custodial Accounts and Buydown Fund Accounts............75 Section 3.03. The Investment Account; Eligible Investments............76 Section 3.04. The Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 .................................77 Section 3.05. Permitted Withdrawals from the Certificate Account, the Investment Account and Distribution Account.......................54 SECTION 3.9 Maintenance Custodial Accounts for P&I and of Hazard Insurance; Buydown Funds from the Buydown Fund Accounts...................................78 Section 3.06. Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ; Collections Thereunder..................................79 Section 3.07. Maintenance of Hazard Insurance.........................80 Section 3.08. Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ..............................................80 Section 3.09. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ...............81 Section 3.10. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer .........83 TABLE OF CONTENTS (continued) Section 3.12. Reports to be Held for the Trustee..........62 SECTION ; Certificate Account Statement...............................................84 Section 3.13. Annual Statement as to Compliance.......................85 Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans............................85 Section 3.15. Annual Independent Public Accountants' Servicing Report........................................85 Section 3.16. [Reserved.].............................................85 Section 3.17. [Reserved.].............................................86 Section 3.18. [Reserved.].............................................86 Section 3.19. [Reserved.].............................................86 Section 3.20. Assumption or Termination of Selling and Servicing Contracts by Trustee..........................86
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass-Through Certificates Ser 2003-S12)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 .........................................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 .........................III-2 Section 3.03. Successor Servicers...............................................................III-3 Section 3.04. Liability of the Master Servicer..................................................III-3 Section 3.05. No Contractual Relationship Between Servicers and the Trustee.....................III-3 Section 3.06. Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 .........III-4 Section 3.07. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .................................................III-4 Section 3.08. Collection of Mortgage Loan Payments; Servicing Accounts; Collection Account; Certificate Account; Distribution Account...................50 SECTION 3.6 .........................................III-5 Section 3.09. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 ...............III-8 Section 3.10. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ......III-9 Section 3.11. Permitted Withdrawals from the Certificate Account and the Distribution Account.......................54 SECTION 3.9 ..III-10 Section 3.12. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 .......III-11 Section 3.13. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ........................III-13 Section 3.14. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ..III-14 Section 3.15. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents ..................................III-18 Section 3.16. Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee..........62 SECTION 3.14.......................................................III-19 Section 3.17. Servicing Compensation...........................................................III-19 Section 3.18. Annual Statement as to Compliance................................................III-20 Section 3.19. Annual Independent Public Accountants' Servicing Statement; Financial Statements.......................................................................III-20 Section 3.20. Errors and Omissions Insurance; Fidelity Bonds...................................................................III-21 ARTICLE IV DISTRIBUTIONS AND ADVANCES BY THE MASTER SERVICER Section 4.01. Advances...........................................................................IV-1 Section 4.02. Priorities of Distribution.........................................................IV-1 Section 4.03. [Reserved].........................................................................IV-7 Section 4.04. [Reserved].........................................................................IV-7 Section 4.05. Allocation of Realized Losses......................................................IV-7 Section 4.06. Monthly Statements to Certificateholders...........................................IV-9 Section 4.07. Determination of Pass-Through Rates for COFI Certificates.........................IV-11 Section 4.08. Determination of Pass-Through Rates for LIBOR Certificates........................IV-13 ARTICLE V THE CERTIFICATES
Appears in 1 contract
Administration and Servicing of Mortgage Loans. 47 55 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 55 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 56 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 57 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 57 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 58 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 61 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 62 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 62 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 64 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 66 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 67 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.1469
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 ...................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Master Servicer.............................................III-2 Section 3.03. Rights of the Depositor and Depositor, the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 .............................................III-2 Section 3.04. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 ...........................III-3 Section 3.05. Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 ........................................III-3 Section 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 .............................................III-6 Section 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ..........................................III-7 Section 3.08. Permitted Withdrawals from the Certificate Account and Account, Distribution Account.......................54 SECTION 3.9 , the Fixed Rate Carryover Reserve Fund and the Adjustable Rate Carryover Reserve Fund.........III-7 Section 3.09. [Reserved.]................................................III-10 Section 3.10. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ............................III-10 Section 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 .................................................III-11 Section 3.12. Realization Upon Defaulted Mortgage Loans; Determination of Excess Proceeds and Realized Losses; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 .....................................III-12 Section 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents ............III-15 Section 3.14. Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.................III-16 Section 3.15. Servicing Compensation.....................................III-16 Section 3.16. Access to Certain Documentation............................III-17 Section 3.17. Annual Statement as to Compliance..........................III-17 Section 3.18. Annual Independent Public Accountants' Servicing Statement; Financial Statements............................III-17 ARTICLE IV. DISTRIBUTIONS AND ADVANCES BY THE MASTER SERVICER
Appears in 1 contract
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 62 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 SubservicingAct as Servicer...........................-52- Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect Subservicers' Obligations; Special Servicing.............. ..................................-53- Section 3.03. Successor Subservicers.......................................-54- Section 3.04. Liability of the Master Servicer.........................49 SECTION 3.4 .............................-55- Section 3.05. No Contractual Relationship Between Subservicer and Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 or Certificateholders ............................................-55- Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee ..........................................................-55- Section 3.07. Collection of Certain Mortgage Loan Payments; Certificate Deposits to Custodial Account.................................................-56- Section 3.08. Subservicing Accounts; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Servicing Accounts...............................53 SECTION 3.7 ....................-58- Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ...............................................-59- Section 3.10. Permitted Withdrawals from the Certificate Account and Distribution Custodial Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; .............-60- Section 3.11. Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Coverage....................-62- Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage .................................................-62- Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 and Modification Agreements;Certain Assignments...............-64- Section 3.14. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ....................-66- Section 3.15. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14..............-68- Section 3.16.
Appears in 1 contract
Samples: Custodial Agreement (Residential Asset Mortgage Products Inc)
Administration and Servicing of Mortgage Loans. 47 46 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ......................................................46 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ......................................47 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ......................48 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ..............................................................48 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ................48 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ............................52 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ...................52 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ....................53 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 .....................54 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 .....................................56 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ...............57 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 ...............................................60 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 .......61 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 100 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 3.01 Servicing Standard...............................100 SECTION 3.2 Subservicing; 3.02 Enforcement of the Obligations of Sub-Servicers.........................................48 ....................................101 SECTION 3.3 3.03 Termination of the Rights of Sub-Servicers.......102 SECTION 3.04 Liability of the Servicer........................102 SECTION 3.05 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ..........................102 SECTION 3.4 3.06 Trustee to Act as Master Servicer.................................................................49 .......................103 SECTION 3.5 3.07 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 .............103 SECTION 3.6 3.08 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ...........................105 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 3.09 Permitted Withdrawals from the Certificate Account and Distribution Custodial Account.......................54 ..........................................106 SECTION 3.9 3.10 Maintenance of Primary Mortgage Insurance Policies; Collections Thereunder.................107 SECTION 3.11 Maintenance of Hazard Insurance and Other Insurance; Maintenance of Primary Insurance Policies........................56 ........................................108 SECTION 3.10 3.12 Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 ............................109 SECTION 3.11 3.13 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ........111 SECTION 3.12 3.14 Trustee to Cooperate; Release of Trustee Mortgage Files..................................................61 ...................................113 SECTION 3.13 Documents 3.15 Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Trustee for the Benefit of the Certificateholders................114
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Wamu Mortgage Pass Through Certificates Series 2002-S4)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 53 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 55 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 58 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Trustee Section 3.01. Company to Act as Master Servicer.................................................................49 SECTION 3.5 ................................................................44 Section 3.02. Collection of Certain Mortgage Loan Payments; Mortgage Loan Payment Record; Certificate Account; Distribution Account...................50 SECTION 3.6 ....................................................................47 Section 3.03. Collection of Taxes, Assessments and Similar Other Items..........................................50 Section 3.04. Permitted Debits to the Mortgage Loan Payment Record......................................50 Section 3.05. Maintenance of the Primary Insurance Policies.............................................51 Section 3.06. Maintenance of Hazard Insurance...........................................................52 Section 3.07. Assumption and Modification Agreements....................................................53 Section 3.08. Realization Upon Defaulted Mortgage Loans.................................................53 Section 3.09. Trustee to Cooperate; Escrow Accounts...............................53 SECTION 3.7 Release of Mortgage Files...........................................56 Section 3.10. Servicing Compensation; Payment of Certain Expenses by the Company........................57 Section 3.11. Reports to the Trustee....................................................................57 Section 3.12. Annual Statement as to Compliance.........................................................57 Section 3.13. Annual Independent Public Accountants' Servicing Report...................................58 Section 3.14. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ..............58 Section 3.15. Maintenance of Hazard Insurance; Maintenance Certain Servicing Policies.................................................58 Section 3.16. Optional Purchase of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.............................................59
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ge Capital Mortgage Services Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 ...............................................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Master Servicer.........................III-2 Section 3.03. Rights of the Depositor and Depositor, the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 ..................III-3 Section 3.04. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .......................................................III-3 Section 3.05. Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 ; Pre-Funding Account.....................................................................III-3 Section 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 .....................III-7 Section 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ............III-8 Section 3.08. Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 .............III-8 Section 3.09. [Reserved].............................................................................III-11 Section 3.10. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ........................................................III-11 Section 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ..............................III-12 Section 3.12. Realization Upon Defaulted Mortgage Loans; Determination of Excess Proceeds and Realized Losses; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ..................................III-13 Section 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14........................................III-16
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-Bc1)
Administration and Servicing of Mortgage Loans. 47 55 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ....................................................55 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ....................................56 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ....................57 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ............................................................57 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ..............57 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..........................62 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 .................63 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ..................63 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ...................65 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ...................................67 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .............68 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .............................................70 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 .....71 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 48 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 48 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 50 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 50 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 51 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 54 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 55 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 59 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 63 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 63 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................Loans .................. 47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................Servicers .. 48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................Servicer ............................................ 49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................Servicer .......................... 49 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 Account ....................................... 49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................Accounts ................................................... 53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 Loans ......................................... 53 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................Account ....................................... 54 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................Policies ......................................... 56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................Agreements . 57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................Loans .................................... 59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Files ........... 61
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 43 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 Loans ........................................................ 43 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 Servicers ........................................ 44 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 Servicer ........................ 45 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 Servicer ................................................................ 45 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 Account .................. 46 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 Accounts .............................. 48 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 Loans ........................................................................................... 49 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 Account .................................................................................................. 49 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 Policies ................................................................................................. 51 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 Agreements ....................................... 53 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 Loans ................. 54 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 Files ................................................. 57 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 Trustee ......... 57 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 82 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 3.01 Servicing Standard..........................82 SECTION 3.2 Subservicing; 3.02 Enforcement of the Obligations of Sub-Servicers.........................................48 ...............................83 SECTION 3.3 3.03 Termination of the Rights of Sub-Servicers...............................84 SECTION 3.04 Liability of the Servicer...................84 SECTION 3.05 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ..................85 SECTION 3.4 3.06 Trustee to Act as Master Servicer.................................................................49 ..................85 SECTION 3.5 3.07 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ........85 SECTION 3.6 3.08 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............87 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 3.09 Permitted Withdrawals from the Certificate Account and Distribution Custodial Account.......................54 .....................................88 SECTION 3.9 3.10 Maintenance of Primary Mortgage Insurance Policies; Collections Thereunder..................................89 SECTION 3.11 Maintenance of Hazard Insurance and Other Insurance; Maintenance of Primary Insurance Policies........................56 .............................90 SECTION 3.10 3.12 Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 .......................91 SECTION 3.11 3.13 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ...93 SECTION 3.12 3.14 Trustee to Cooperate; Release of Trustee Mortgage Files..................................................61 ..............................95 SECTION 3.13 Documents 3.15 Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee for the Benefit of the Certificateholders..........................96 SECTION 3.16 Servicing Compensation; Compensating Interest....................................96 SECTION 3.17 Reports to the Depositor; Account Statements..................................97 SECTION 3.18 Annual Statement as to Compliance...........97 SECTION 3.19 Annual Independent Public Accountants' Servicing Report............................98 SECTION 3.20 Reports to Trustee..........62 SECTION 3.14..........................98
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Mortgage Backed Pass Through Certs Ser 2002 Ar17)
Administration and Servicing of Mortgage Loans. 47 59 SECTION 3.1 Master Servicer 3.01. Servicers to Service Mortgage Loans.........................................................47 .......................59 SECTION 3.2 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 Subservicers..............................................61 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the 3.03. Master Servicing by Master Servicer.........................49 .......................63 SECTION 3.4 3.04. Trustee to Act as Master Servicer or Servicer.................................................................49 .............63 SECTION 3.5 3.05. Collection of Mortgage Loan PaymentsLoans; Collection Accounts; Certificate Account.......................................64 SECTION 3.06. Establishment of and Deposits to Escrow Accounts; Distribution Account...................50 SECTION 3.6 Collection Permitted Withdrawals from Escrow Accounts; Payments of Taxes, Assessments Insurance and Similar Items; Escrow Accounts...............................53 Other Charges............67 SECTION 3.7 3.07. Access to Certain Documentation and Information Regarding the Non-Designated Mortgage Loans......................54 ; Inspections...............................................68 SECTION 3.8 3.08. Permitted Withdrawals from the Collection Accounts and Certificate Account and Distribution Account.......................54 ...................................69 SECTION 3.9 3.09. Maintenance of Hazard Insurance; Maintenance Mortgage Impairment Insurance and Mortgage Guaranty Insurance Policy; Claims; Restoration of Primary Insurance Policies........................56 Mortgaged Property..................................................70 SECTION 3.10 3.10. Enforcement of Due-on-Due on Sale Clauses; Assumption Agreements........................................57 ................................................73 SECTION 3.11 3.11. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ......................75 SECTION 3.12 3.12. Trustee and Trust Administrator to Cooperate; Release of Mortgage Files..................................................61 .................................78 SECTION 3.13 Documents 3.13. Documents, Records and Funds in Possession of Master a Servicer to be Held for the Trustee..........62 Trust.........................79 SECTION 3.14. Servicing Fee.............................................79 SECTION 3.15. Access to Certain Documentation...........................80 SECTION 3.16. Annual Statement as to Compliance.........................80 SECTION 3.17. Annual Independent Public Accountants' Servicing Statement; Financial Statements...........................81 SECTION 3.18. Maintenance of Fidelity Bond and Errors and Omissions Insurance.......................................82 SECTION 3.19. Special Serviced Mortgage Loans...........................83 SECTION 3.20. Indemnification of Servicers and Master Servicer..........83 SECTION 3.21. Notification of Adjustments...............................84 SECTION 3.22. Designated Mortgage Loans.................................84 ARTICLE IV
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-3)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 SubservicingAct as Servicer...........................64 Section 3.02. Subservicing Agreements Between Master Servicer and Subservicers; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect Subservicers' Obligations.....................67 Section 3.03. Successor Subservicers.......................................68 Section 3.04. Liability of the Master Servicer.........................49 SECTION 3.4 .............................68 Section 3.05. No Contractual Relationship Between Subservicer and Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 or Certificateholders...........................................69 Section 3.06. Assumption or Termination of Subservicing Agreements by Trustee .....................................................69 Section 3.07. Collection of Certain Mortgage Loan Payments; Certificate Deposits to Custodial Account......................................................69 Section 3.08. Subservicing Accounts; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Servicing Accounts...............................53 SECTION 3.7 ....................72 Section 3.09. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ........................................................74 Section 3.10. Permitted Withdrawals from the Certificate Account and Distribution Custodial Account.......................54 SECTION 3.9 Maintenance of Hazard Insurance; .............74 Section 3.11. Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Coverage....................76 Section 3.12. Maintenance of Fire Insurance and Omissions and Fidelity Coverage ....................................................76 Section 3.13. Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements........................................57 SECTION 3.11 ; Certain Assignments..............................78 Section 3.14. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ....................80 Section 3.15. Trustee to Cooperate; Release of Mortgage Custodial Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.............82
Appears in 1 contract
Samples: Pooling and Servicing Agreement (RAMP Series 2006-Rs6 Trust)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Section 3.01. Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 .......................................III-1 Section 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Master Servicer......................................III-2 Section 3.03. Rights of the Depositor and Depositor, the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 ..................................III-2 Section 3.04. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .............................................III-3 Section 3.05. Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 ..............................................III-3 Section 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 III-6 Section 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 .......................................III-7 Section 3.08. Permitted Withdrawals from the Certificate Account and Account, Distribution Account.......................54 SECTION 3.9 , the Fixed Rate Carryover Reserve Fund and the Adjustable Rate Carryover Reserve Fund.........................................III-7 Section 3.09. [Reserved............................................III-10] Section 3.10. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ............................................III-10 Section 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 ...........................................III-11 Section 3.12. Realization Upon Defaulted Mortgage Loans; Determination of Excess Proceeds and Realized Losses; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 ...............................III-12 Section 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents ............................III-15 Section 3.14. Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14......................................III-16 Section 3.15. Servicing Compensation...............................III-16 Section 3.16. Access to Certain Documentation........................................III-17 Section 3.17. Annual Statement as to Compliance...........................................III-17 Section 3.18. Annual Independent Public Accountants' Servicing Statement; Financial Statements...........................................III-17 ARTICLE IV. DISTRIBUTIONS AND ADVANCES BY THE MASTER SERVICER
Appears in 1 contract
Administration and Servicing of Mortgage Loans. 47 97 SECTION 3.1 Master Servicer 3.01. Servicers to Service Mortgage Loans.........................................................47 .......................97 SECTION 3.2 3.02. Subservicing; Enforcement of the Obligations of Servicers.........................................48 Subservicers...........................................99 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the 3.03. Master Servicing by Master Servicer.........................49 ......................101 SECTION 3.4 3.04. Trustee to Act as Master Servicer or Servicer.................................................................49 ............102 SECTION 3.5 3.05. Collection of Mortgage Loan PaymentsLoans; Collection Accounts; Certificate Account......................................102 SECTION 3.06. Establishment of and Deposits to Escrow Accounts; Distribution Account...................50 SECTION 3.6 Collection Permitted Withdrawals from Escrow Accounts; Payments of Taxes, Assessments Insurance and Similar Items; Escrow Accounts...............................53 Other Charges....................106 SECTION 3.7 3.07. Access to Certain Documentation and Information Regarding the Non-Designated Mortgage Loans......................54 ; Inspections.107 SECTION 3.8 3.08. Permitted Withdrawals from the Collection Accounts and Certificate Account and Distribution Account.......................54 ......................................108 SECTION 3.9 3.09. Maintenance of Hazard Insurance; Maintenance Mortgage Impairment Insurance and Mortgage Guaranty Insurance Policy; Claims; Restoration of Primary Insurance Policies........................56 Mortgaged Property................109 SECTION 3.10 3.10. Enforcement of Due-on-Due on Sale Clauses; Assumption Agreements........................................57 ...............................................113 SECTION 3.11 3.11. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .....................114 SECTION 3.12 3.12. Trustee and Trust Administrator to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14...........................................
Appears in 1 contract
Samples: Pooling and Servicing Agreement (CSFB Adjustable Rate Mortgage Trust 2004-2)
Administration and Servicing of Mortgage Loans. 47 SECTION 56 Section 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION ......................................56 Section 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION ...............57 Section 3.3 Rights of the Depositor and the Trustee in Respect of the Servicer......58 Section 3.4 Master Servicer.........................49 SECTION 3.4 Trustee Servicer to Act as Master Servicer.................................................................49 SECTION ......................................58 Section 3.5 Collection of Mortgage Loan Payments; Certificate Collection Account; Distribution Account...................50 SECTION ....................................................59 Section 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION ................................................................62 Section 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION ..........................................................62 Section 3.8 Permitted Withdrawals from the Certificate Account Collection Account, [Master Servicer Custodial Account] and Distribution Account.......................54 SECTION .............................63 Section 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION ................................................................64 Section 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION ...............66 Section 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION ..........................................................67 Section 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.........................71
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Aegis Asset Backed Securities Corp)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master 8 Section 3.01 The [Master] Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .......................................................................8 Section 3.02 Collection of Certain Mortgage Loan Payments...............................................10 Section 3.03 Withdrawals from the Custodial Account.....................................................12 Section 3.04 Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses..............................13 Section 3.05 Modification Agreements; Distribution AccountRelease or Substitution of Lien...................................14 Section 3.06 Trust Estate; Related Documents............................................................15 Section 3.07 Realization Upon Defaulted Mortgage Loans; Loss Mitigation.................................16 Section 3.08 200 - Trust and Indenture Trustee to Cooperate.........................................18 Section 3.09 Servicing Compensation; Payment of Certain Expenses by [Master] Servicer...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 19 Section 3.10 Annual Statement as to Compliance..........................................................19 Section 3.11 Annual Servicing Report....................................................................20 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ...............20 Section 3.13 Maintenance of Hazard Insurance; Maintenance of Primary Certain Servicing Insurance Policies........................56 SECTION 3.10 Enforcement ........................................21 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Due-on-Sale Clauses; Assumption AgreementsForeclosures and Abandonments of Mortgaged Property........................................57 SECTION 3.11 Realization Upon 21 Section 3.15 Optional Repurchase of Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14............................................21
Appears in 1 contract
Samples: Homepride Mortgage Finance Corp
Administration and Servicing of Mortgage Loans. 47 46 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 .....................46 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 .....47 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 .......................................................48 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 .............................48 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ..................................................49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............................................................52 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ........................................................53 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ..................................................53 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ....................................................55 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ....56 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ................................................58 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14..............60
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service V-1 Section 5.01 Duties of the Servicer..........................V-1 Section 5.02 Liquidation of Mortgage Loans.........................................................47 SECTION 3.2 Subservicing...................V-4 Section 5.03 Establishment of Principal and Interest Accounts; Enforcement Deposits in Principal and Interest Accounts...............................V-4 Section 5.04 Permitted Withdrawals From the Principal and Interest Accounts...........................V-5 Section 5.05 Payment of the Obligations Taxes, Insurance and Other Charges...................................V-7 Section 5.06 Transfer of Servicers.........................................48 SECTION 3.3 Rights Accounts............................V-7 Section 5.07 Maintenance of the Depositor Hazard Insurance.................V-7 Section 5.08 Maintenance of Mortgage Impairment Insurance Policy................................V-8 Section 5.09 Fidelity Bond...................................V-8 Section 5.10 Title, Management and the Trustee in Respect Disposition of the Master ServicerREO Property........................................V-8 Section 5.11 Certain Tax Information.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 V-9 Section 5.12 Collection of Certain Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 .......................................V-10 Section 5.13 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 .................................V-10 Section 5.14 Superior Liens.................................V-10 Section 5.15 [Reserved].....................................V-10 Section 5.16 [Reserved].....................................V-10 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS...................VI-1 Section 6.01 Establishment of Certificate Accounts; Deposits in Certificate Accounts; Permitted Withdrawals from the Certificate Accounts.......................................VI-1 Section 6.02 Establishment of Pre-Funding Account and Distribution Capitalized Interest Account.......................54 SECTION 3.9 Maintenance ; Deposits in Pre-Funding Account and Capitalized Interest Account; Permitted Withdrawals from Pre-Funding Account and Capitalized Interest Account...............................VI-2 Section 6.03 Establishment of Hazard InsuranceExpense Accounts; Maintenance Deposits in Expense Accounts; Permitted Withdrawals from Expense Accounts..............VI-3 Section 6.04 Establishment of Primary Insurance Policies........................56 SECTION 3.10 Enforcement Accounts; Deposits in Insurance Accounts; Permitted Withdrawals from Insurance Accounts.......................................VI-4 Section 6.05 Establishment of Due-on-Sale ClausesSpread Account; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage LoansDeposits in Spread Account; Repurchase Permitted Withdrawals from Spread Account............................VI-5 Section 6.06 [Reserved].....................................VI-7 Section 6.07 Investment of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to CooperateAccounts.........................VI-7 Section 6.08 Priority and Subordination of Distributions....VI-8 Section 6.09 Allocation of Realized Losses.................VI-11 Section 6.10 Statements....................................VI-11 Section 6.11 Advances by the Servicer......................VI-15 Section 6.12 Compensating Interest.........................VI-15 Section 6.13 Reports of Foreclosure and Abandonment of Mortgaged Property.........................VI-16 Section 6.14. Allocation of Total Monthly Excess Cashflow...VI-16 Section 6.15 Establishment of Servicing Accounts; Release Collection of Mortgage Files..................................................61 SECTION 3.13 Documents Records Taxes, Assessments and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Similar Items.........................................VI-17
Appears in 1 contract
Samples: Sub Servicing Agreement (Money Store Home Equity Corp)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master 52 Section 5.01. Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing....................................................52 Section 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of the Obligations of Sub-Servicer's Obligations.........................................................53 Section 5.03. Successor Sub-Servicers.........................................48 SECTION 3.3 Rights ...............................................................54 Section 5.04. Liability of the Depositor Servicer.............................................................54 Section 5.05. No Contractual Relationship Between Sub-Servicer and the Trustee in Respect or Certificateholders....................................................................54 Section 5.06. Termination of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Sub-Servicing Agreement................................................54 Section 5.07. Collection of Mortgage Loan Payments; Certificate ..................................................54 Section 5.08. Establishment of Collection Account; Distribution Deposit in Collection Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans..........................................54 SECTION 3.8 Section 5.09. Permitted Withdrawals from the Certificate Account Collection Account.....................................56 Section 5.10. Establishment of Escrow Account; Deposits in Escrow Account...........................56 Section 5.11. Permitted Withdrawals from Escrow Account.............................................57 Section 5.12. Payment of Taxes, Insurance and Distribution Account.......................54 SECTION 3.9 Other Charges.........................................57 Section 5.13. Transfer of Accounts..................................................................57 Section 5.14. [Reserved]............................................................................57 Section 5.15. Maintenance of Hazard Insurance; Maintenance of the Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14.........................................58
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Administration and Servicing of Mortgage Loans. 47 46 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 46 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 47 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 48 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 48 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 49 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 52 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 52 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 53 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 55 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 56 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 58 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 60 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 61 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 54 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ...................................................... 54 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ...................................... 55 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ...................... 56 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 .............................................................. 56 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ................ 57 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ............................ 60 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ................... 61 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 .................... 61 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ..................... 63 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ..................................... 65 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ............... 66 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14............................................... 68
Appears in 1 contract
Samples: Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 48 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ........................................................48 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ........................................49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ........................50 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ................................................................50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ..................51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............................54 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans...........................................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ......................55 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 .......................57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 .......................................58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .................60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .................................................62 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 .........63 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Section 3.01 The Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 .........................................37 Section 3.02 Collection of Certain Mortgage Loan Payments................39 Section 3.03 Withdrawals from the Collection Account.....................40 Section 3.04 Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses....................................................41 Section 3.05 Maintenance of Mortgage Impairment Insurance................41 Section 3.06 Management and Realization Upon Defaulted Mortgage Loans....42 Section 3.07 Trustee and Trust Administrator to Cooperate................43 Section 3.08 Servicing Compensation; Distribution Account...................50 SECTION 3.6 Collection Payment of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Certain Expenses by Master Servicer.............................................44 Section 3.09 Annual Statement as to Compliance...........................44 Section 3.10 Annual Servicing Report.....................................44 Section 3.11 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals ..........................................45 Section 3.12 Reports of Foreclosures and Abandonments of Mortgaged Properties, Returns Relating to Mortgage Interest Received from the Certificate Account Individuals and Distribution Account.......................54 SECTION 3.9 Maintenance Returns Relating to Cancellation of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION Indebtedness................................................45 Section 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Enforcement.................................................45
Appears in 1 contract
Samples: Pooling and Servicing Agreement (American General MRT Ln Asst BCKD Ps THR CRTS Sr 2003-1)
Administration and Servicing of Mortgage Loans. 47 49 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 49 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 50 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 51 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 51 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 55 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 56 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 59 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 63 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 64 SECTION 3.14
Appears in 1 contract
Samples: Custodial Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 49 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ..............................................................49 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ..............................................50 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ..............................51 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ......................................................................51 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ........................51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ....................................55 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ...........................55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ............................56 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 .............................57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 .............................................59 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 .......................60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .......................................................63 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 ...............64 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Section 3.01. The Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 ...............................................45 Section 3.02. Collection of Certain Mortgage Loan Payments...............48 Section 3.03. Withdrawals from the Collection Account....................50 Section 3.04. Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses.................................................51 Section 3.05. Maintenance of Mortgage Impairment Insurance Policy........51 Section 3.06. Fidelity Bond..............................................52 Section 3.07. Management and Realization Upon Defaulted Mortgage Loans...52 Section 3.08. Trustee to Cooperate.......................................53 Section 3.09. Servicing Compensation; Distribution Account...................50 SECTION 3.6 Collection Payment of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Certain Expenses by Servicer..................................................54 Section 3.10. Annual Statement as to Compliance..........................54 Section 3.11. Annual Servicing Report....................................55 Section 3.12. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 ..............................55 Section 3.13. Maintenance of Hazard Insurance; Maintenance of Primary Certain Servicing Insurance Policies................................55 Section 3.14. Reports to the Securities and Exchange Commission..........55 Section 3.15. Reports of Foreclosures and Abandonments of Mortgaged Properties, Returns Relating to Mortgage Interest Received from Individuals and Returns Relating to Cancellation of Indebtedness..............................56 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Section 3.16. Advances by the Servicer...................................56 Section 3.17. Superior Liens.............................................56 Section 3.18. Assumption Agreements..............................................................................57 SECTION 3.11 Realization Upon Section 3.19. Payment of Taxes, Insurance and Other Charges..............58 Section 3.20. Optional Purchase of Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14..............58 ARTICLE IV Certificate Insurance Policy
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Inc)
Administration and Servicing of Mortgage Loans. 47 48 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ............ 48 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 .................................................... 49 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 ....................................... 50 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 .................... 50 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ................................ 51 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ....................................... 54 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ................................. 55 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ..................................... 55 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ................................... 57 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ................................................... 58 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ......................... 60 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 ..... 62 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 ................... 63 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 52 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 ....................52 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 ....54 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 .......................................................54 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 ............................55 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 ..................................................55 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 ..............................................................58 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 ........................................................59 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 ..................................................59 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 ....................................................61 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 ...63 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 ................................................64 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 .............66 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 ............................................67 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service V-1 Section 5.01 Duties of the Servicer............................. V-1 Section 5.02 Liquidation of Mortgage Loans.........................................................47 SECTION 3.2 Subservicing...................... V-4 Section 5.03 Establishment of Principal and Interest Accounts; Enforcement Deposits in Principal and Interest Accounts.......................................... V-4 Section 5.04 Permitted Withdrawals From the Principal and Interest Accounts............................. V-5 Section 5.05 Payment of the Obligations Taxes, Insurance and Other Charges..... V-7 Section 5.06 Transfer of Servicers.........................................48 SECTION 3.3 Rights Accounts.............................. V-7 Section 5.07 Maintenance of the Depositor Hazard Insurance................... V-7 Section 5.08 Maintenance of Mortgage Impairment Insurance Policy............................................ V-8 Section 5.09 Fidelity Bond..................................... V-8 Section 5.10 Title, Management and the Trustee in Respect Disposition of the Master Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 REO Property. V-8 Section 5.11 Certain Tax Information........................... V-9 Section 5.12 Collection of Certain Mortgage Loan Payments; Certificate Account; Distribution Account...................50 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 ...... V-10 Section 5.13 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 ...................... V-10 Section 5.14 Superior Liens.................................... V-10 Section 5.15 [Reserved]........................................ V-10 Section 5.16 [Reserved]........................................ V-10 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS.................... VI-1 Section 6.01 Establishment of Certificate Accounts; Deposits in Certificate Accounts; Permitted Withdrawals from the Certificate Accounts.............................. VI-1 Section 6.02 Establishment of Pre-Funding Account and Distribution Capitalized Interest Account.......................54 SECTION 3.9 Maintenance ; Deposits in Pre-Funding Account and Capitalized Interest Account; Permitted Withdrawals from Pre-Funding Account and Capitalized Interest Account................... VI-2 Section 6.03 Establishment of Hazard InsuranceExpense Accounts; Maintenance Deposits in Expense Accounts; Permitted Withdrawals from Expense Accounts................................... VI-3 Section 6.04 Establishment of Primary Insurance Policies........................56 SECTION 3.10 Enforcement Accounts; Deposits in Insurance Accounts; Permitted Withdrawals from Insurance Accounts................................. VI-4 Section 6.05 Establishment of Due-on-Sale ClausesSpread Account; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage LoansDeposits in Spread Account; Repurchase Permitted Withdrawals from Spread Account............................................ VI-5 Section 6.06 [Reserved]......................................... VI-7 Section 6.07 Investment of Certain Mortgage Loans..................59 SECTION 3.12 Trustee to CooperateAccounts............................. VI-7 Section 6.08 Priority and Subordination of Distributions........ VI-8 Section 6.09 Allocation of Realized Losses...................... VI-11 Section 6.10 Statements......................................... VI-11 Section 6.11 Advances by the Servicer........................... VI-15 Section 6.12 Compensating Interest.............................. VI-15 Section 6.13 Reports of Foreclosure and Abandonment of Mortgaged Property........................................... VI-16 Section 6.14 Allocation of Total Monthly Excess Cashflow........ VI-16 Section 6.15 Establishment of Servicing Accounts; Release Collection of Mortgage Files..................................................61 SECTION 3.13 Documents Records Taxes, Assessments and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Similar Items............ VI-17
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Money Store Home Equity Corp)
Administration and Servicing of Mortgage Loans. 47 46 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 46 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 47 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 48 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 48 SECTION 3.5 Collection of Mortgage Loan Payments; Certificate Account; Distribution Account...................50 48 SECTION 3.6 Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 52 SECTION 3.7 Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 52 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 53 SECTION 3.9 Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 54 SECTION 3.10 Enforcement of Due-on-Sale Clauses; Assumption Agreements........................................57 56 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans..................59 57 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................................61 60 SECTION 3.13 Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 61 SECTION 3.14
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master 64 3.01. Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Loans ............................ 64 3.02. Servicing and Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Servicer ................................................... 66 3.03. Rights of the Depositor and the Trustee in Respect of the Master Servicer.........................49 SECTION 3.4 Servicer ...................................................... 67 3.04. Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 Servicer .................................... 67 3.05. Collection of Mortgage Loan Payments; Certificate Collection Account; Distribution Account...................50 SECTION 3.6 Certificate Account ........................................... 68 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Accounts ...................................................... 71 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Loans ............................................ 71 3.08. Permitted Withdrawals from the Collection Account and Certificate Account and Distribution Account.......................54 SECTION 3.9 ........................................... 71 3.09. [RESERVED] .................................................... 74 3.10. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies........................56 SECTION 3.10 ............................... 74 3.11. Enforcement of Due-onOn-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Agreements ..... 74 3.12. Realization Upon Defaulted Mortgage Loans; Repurchase Determination of Certain Mortgage Loans..................59 SECTION 3.12 Excess Proceeds; Special Loss Mitigation ...................... 75 3.13. Trustee to Cooperate; Release of Mortgage Files..................................................61 SECTION 3.13 Documents Files ............... 78 3.14. Documents, Records and Funds in Possession of Master Servicer to be Held for the Trustee..........62 SECTION 3.14Trustee ....................................... 80 3.15. Servicing Compensation ........................................ 80 3.16. Access to Certain Documentation ............................... 80 3.17. Annual Statement as to Compliance ............................. 81 3.18. Annual Assessment of Compliance; Accountant's Attestation; Financial Statements .......................................... 81 3.19. [RESERVED] .................................................... 83 3.20. Periodic Filings .............................................. 83 3.21. Annual Certificate by Servicer ................................ 88 3.22. Prepayment Charge Reporting Requirements ...................... 88 3.23. Information to the Trustee .................................... 88 PAGE 3.24. Indemnification ............................................... 89 3.25. Nonsolicitation ............................................... 89 3.26. High Cost Mortgage Loans ...................................... 89 ARTICLE IV. DISTRIBUTIONS .............................................. 90 4.01. Advances ...................................................... 90 4.02. Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls ................................ 91 4.03. Distributions on the REMIC Interests .......................... 91 4.04. Distributions ................................................. 91 4.05. Monthly Statements to Certificateholders ...................... 97 ARTICLE V. THE CERTIFICATES ........................................... 101 5.01. The Certificates .............................................. 101 5.02. Certificate Register; Registration of Transfer and Exchange of Certificates ............................................... 102 5.03. Mutilated, Destroyed, Lost or Stolen Certificates ............. 106 5.04. Persons Deemed Owners ......................................... 107 5.05. Access to List of Certificateholders' Names and Addresses ..... 107 5.06. Book-Entry Certificates ....................................... 107 5.07. Notices to Depository ......................................... 108 5.08. Definitive Certificates ....................................... 108 5.09. Maintenance of Office or Agency ............................... 109 5.10. [Reserved] .................................................... 109 ARTICLE VI. THE DEPOSITOR AND THE SERVICER ............................. 109 6.01. Respective Liabilities of the Depositor and the Servicer ...... 109 6.02. Merger or Consolidation of the Depositor or the Servicer ...... 109 6.03. Limitation on Liability of the Depositor, the Servicer and Others ........................................................ 109 6.04. Limitation on Resignation of Servicer ......................... 110 6.05. Errors and Omissions Insurance; Fidelity Bonds ................ 110 6.06. Special Servicing Agreements .................................. 110
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust Series 2006-He1)
Administration and Servicing of Mortgage Loans. 47 SECTION 3.1 Master Servicer to Service Mortgage Loans.........................................................47 SECTION 3.2 Subservicing; Enforcement of the Obligations of Servicers.........................................48 SECTION 3.3 Rights of the Depositor and the Trustee in Respect of the Master Section 3.01. The Servicer.........................49 SECTION 3.4 Trustee to Act as Master Servicer.................................................................49 SECTION 3.5 ...................................................10 Section 3.02. Collection of Certain Mortgage Loan Payments...................12 Section 3.03. Withdrawals from the Collection Account........................14 Section 3.04. Maintenance of Hazard Insurance; Certificate AccountProperty Protection Expenses...................................15 Section 3.05. Maintenance of Mortgage Impairment Insurance Policy............16 Section 3.06. Management and Realization Upon Defaulted Mortgage Loans.......16 Section 3.07. Indenture Trustee to Cooperate.................................18 Section 3.08. Servicing Compensation; Distribution Account...................50 SECTION 3.6 Collection Payment of Taxes, Assessments and Similar Items; Escrow Accounts...............................53 SECTION 3.7 Certain Expenses by Servicer...................................18 Section 3.09. Annual Statement as to Compliance..............................19 Section 3.10. Annual Servicing Review........................................19 Section 3.11. Access to Certain Documentation and Information Regarding the Mortgage Loans......................54 SECTION 3.8 Permitted Withdrawals from the Certificate Account and Distribution Account.......................54 SECTION 3.9 19 Section 3.12. Maintenance of Hazard Insurance; Maintenance of Primary Certain Servicing Insurance Policies........................56 SECTION 3.10 Enforcement ............20 Section 3.13. Reports to the Securities and Exchange Commission..............20 Section 3.14. Compensating Interest..........................................23 Section 3.15. Advances by the Servicer.......................................23 Section 3.16. Optional Purchase of Due-on-Sale Clauses; Assumption Agreements........................................57 SECTION 3.11 Realization Upon Defaulted Mortgage Loans; Repurchase ..................24 Section 3.17. Superior Liens.................................................25 Section 3.18. Assumption Agreements..........................................25 Section 3.19. Payment of Certain Mortgage LoansTaxes, Insurance and Other Charges..................59 SECTION 3.12 Trustee to Cooperate; Release 26 Section 3.20. Advance Facility...............................................26 Section 3.21. Covenants of Mortgage Files..................................................61 SECTION 3.13 Documents Records and Funds in Possession of Master the Servicer to be Held for the Trustee..........62 SECTION 3.14Regarding Prepayment Charges.........29
Appears in 1 contract
Samples: Servicing Agreement (Renaissance Home Equity Loan Trust 2005-1)
