Common use of Administration and Servicing of the Trust Fund Clause in Contracts

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 Section 3.02 Collection of Mortgage Loan Payments..........................63 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 Section 3.04 Collection Account, Distribution Account and Reserve Account.......................................................65 Section 3.05 Permitted Withdrawals From the Collection Account.............69 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer...................................61 .......................................68 Section 3.02 3.02. Collection of Mortgage Loan Payments..........................63 ..............................70 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans.....................64 .........................70 Section 3.04 3.04. Collection Account, Distribution Account and Reserve Account.......................................................65 ......72 Section 3.05 3.05. Permitted Withdrawals From the Collection Account.............69 .................75 Section 3.06 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .....76 Section 3.07 3.07. Permitted Withdrawals From Escrow Account.....................70 .........................76 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 .........................................77 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer...................................61 .......................................................59 Section 3.02 3.02. Collection of Mortgage Loan Payments..........................63 ..............................................61 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans.....................64 .........................................61 Section 3.04 3.04. Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 .......................................63 Section 3.05 3.05. Permitted Withdrawals From the Collection Account.............69 .................................65 Section 3.06 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .....................66 Section 3.07 3.07. Permitted Withdrawals From Escrow Account.....................70 .........................................66 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 .............67 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ..................................................................49 Section 3.02 Collection of Mortgage Loan Payments..........................63 .........................................................51 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ....................................................51 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 ..................................................52 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ............................................54 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 Account.................................55 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ....................................................56 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ........................56 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ..................................................................63 Section 3.02 Collection of Mortgage Loan Payments..........................63 .........................................................65 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ....................................................66 Section 3.04 Collection AccountAccounts, Distribution Account and Reserve Account.......................................................65 Accounts...............................67 Section 3.05 Permitted Withdrawals From the Collection Account.............69 Accounts...........................................71 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 ................................72 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ....................................................73 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ........................74 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ....................................................................41 Section 3.02 Collection of Mortgage Loan Payments..........................63 ...........................................................42 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ......................................................42 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 ....................................................43 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ..............................................45 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 ..................................46 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ......................................................46 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ; Primary Mortgage Insurance.....................................................................................46 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 82 Section 3.02 Collection of Mortgage Loan Payments..........................63 84 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 84 Section 3.04 Collection Account, Distribution Account and Reserve Account.......................................................65 Accounts......................................................86 Section 3.05 Permitted Withdrawals From the Collection Account.............69 91 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 92 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 93 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ; Primary Mortgage Insurance............93 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 63 Section 3.02 Collection of Mortgage Loan Payments..........................63 65 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 66 Section 3.04 Collection Account, Distribution Account and Reserve Account.......................................................65 Accounts....................................................67 Section 3.05 Permitted Withdrawals From the Collection Account.............69 71 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .............................................72 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 73 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 Section 3.09......................................74

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer...................................61 .......................................................60 Section 3.02 3.02. Collection of Mortgage Loan Payments..........................63 ..............................................62 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans..............................................................63 Section 3.04. Collection Account and Distribution Account.......................................64 Section 3.04 Collection Account, Distribution Account and Reserve Account.......................................................65 Section 3.05 3.05. Permitted Withdrawals From the Collection Account.............69 .................................66 Section 3.06 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .....................67 Section 3.07 3.07. Permitted Withdrawals From Escrow Account.....................70 .........................................67 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 .............68 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ; Special Servicer to Act as Special Servicer; Administration of the Mortgage Loans.......37 Section 3.02 Collection of Mortgage Loan Payments..........................63 38 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 Collection of Taxes, Assessments and Similar Items; Servicing Accounts...........................................38 Section 3.04 Collection Account, Distribution The Certificate Account and Reserve Account.......................................................65 the Lower-Tier and Upper-Tier Distribution Accounts........................................40 Section 3.05 Permitted Withdrawals From the Collection Account.............69 Certificate Account and the Distribution Accounts....................................42 Section 3.06 Establishment Investment of Escrow Accounts; Deposits Funds in Escrow Accounts......................................................70 the Certificate Account, the Distribution Accounts and the REO Account....................45 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 Section 3.08 Payment Maintenance of Taxes, Insurance Policies; Errors and Other Charges; Collections ThereunderOmissions and Fidelity Coverage........................................71 Section 3.0946

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ..................................................................65 Section 3.02 Collection of Mortgage Loan Payments..........................63 .........................................................67 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ....................................................67 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 ..................................................69 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ............................................71 Section 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts......................................................70 Account..................................72 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ....................................................72 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ........................73 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer....................................................................61 Section 3.02 Collection of Mortgage Loan Payments..................................................63 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ...................63 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 .................64 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ...........66 Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .............................................67 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ...................67 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ......................................68 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer...................................61 ..................................................................71 Section 3.02 Collection of Mortgage Loan Payments..........................63 .........................................................73 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ....................................................74 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 ..................................................75 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ............................................77 Section 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts......................................................70 Account..................................78 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ....................................................78 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 ........................79 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer...................................61 .......................................................................41 Section 3.02 3.02. Collection of Mortgage Loan Payments..........................63 ..............................................................42 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans.....................64 .........................................................42 Section 3.04 3.04. Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 43 Section 3.05 3.05. Permitted Withdrawals From the Collection Account.............69 .................................................45 Section 3.06 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts......................................................70 .....................................46 Section 3.07 3.07. Permitted Withdrawals From Escrow Account.....................70 .........................................................46 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 .....................................................46 Section 3.09.

Administration and Servicing of the Trust Fund. 55 Section 3.01 Servicer to Act as Servicer...................................61 ...................................................... 55 Section 3.02 Collection of Mortgage Loan Payments..........................63 ............................................. 56 Section 3.03 Realization Upon Defaulted Mortgage Loans.....................64 ........................................ 57 Section 3.04 Collection Account, Distribution Account and Reserve Distribution Account.......................................................65 ...................................... 58 Section 3.05 Permitted Withdrawals From the Collection Account.............69 ................................ 59 Section 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts......................................................70 Account...................... 60 Section 3.07 Permitted Withdrawals From Escrow Account.....................70 ........................................ 61 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................................71 Section 3.09............ 61