Common use of ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER Clause in Contracts

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 Section 9.05 Representations and Warranties of the Master Servicer 106 Section 9.06 Master Servicer Events of Default 107 Section 9.07 Waiver of Default 109 Section 9.08 Successor to the Master Servicer 109 Section 9.09 [Reserved] 110 Section 9.10 Merger or Consolidation 110 Section 9.11 Resignation of the Master Servicer 111 Section 9.12 Assignment or Delegation of Duties by the Master Servicer 111 Section 9.13 Limitation on Liability of the Master Servicer 111 Section 9.14 Indemnification; Third Party Claims 112 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of Securities Administrator 112 Section 10.02 Certain Matters Affecting the Securities Administrator 113 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 Section 10.04 Securities Administrator May Own Certificates 116 Section 10.05 Securities Administrator’s Fees and Expenses 116 Section 10.06 Eligibility Requirements for Securities Administrator 117 Section 10.07 Resignation and Removal of Securities Administrator 118 Section 10.08 Successor Securities Administrator 118 Section 10.09 Merger or Consolidation of Securities Administrator 119 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XII

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Each Servicer’s Obligations 104 111 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 112 Section 9.03 [Reserved] 105 112 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 112 Section 9.05 Representations and Warranties of the Master Servicer 106 113 Section 9.06 Master Servicer Events of Default 107 114 Section 9.07 Waiver of Default 109 116 Section 9.08 Successor to the Master Servicer 109 116 Section 9.09 [Reserved] 110 117 Section 9.10 Merger or Consolidation 110 117 Section 9.11 Resignation of the Master Servicer 111 117 Section 9.12 Assignment or Delegation of Duties by the Master Servicer 111 118 Section 9.13 Limitation on Liability of the Master Servicer 111 118 Section 9.14 Indemnification; Third Party Claims 112 119 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of Securities Administrator 112 119 Section 10.02 Certain Matters Affecting the Securities Administrator 113 120 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 122 Section 10.04 Securities Administrator May Own Certificates 116 123 Section 10.05 Securities Administrator’s Fees and Expenses 116 123 Section 10.06 Eligibility Requirements for Securities Administrator 117 124 Section 10.07 Resignation and Removal of Securities Administrator 118 124 Section 10.08 Successor Securities Administrator 118 125 Section 10.09 Merger or Consolidation of Securities Administrator 119 126 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 126 Section 10.11 Dissemination of Confidential Information 126 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 127 Section 11.02 [Reserved] 123 130 Section 11.03 Designation of REMIC(s) 123 130 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 130 Section 11.05 Compliance with Withholding Requirements 133 ARTICLE XII

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 98 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 100 Section 9.05 9.03 Representations and Warranties of the Master Servicer 106 100 Section 9.06 9.04 Master Servicer Events of Default 107 102 Section 9.07 9.05 Waiver of Default 109 104 Section 9.08 9.06 Successor to the Master Servicer 109 104 Section 9.09 [Reserved] 110 9.07 Compensation of the Master Servicer 105 Section 9.10 9.08 Merger or Consolidation 110 105 Section 9.11 9.09 Resignation of the Master Servicer 111 106 Section 9.12 9.10 Assignment or Delegation of Duties by the Master Servicer 111 106 Section 9.13 9.11 Limitation on Liability of the Master Servicer 111 Section 9.14 Indemnification; Third Party Claims 112 106 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of the Securities Administrator 112 Administrator. 108 Section 10.02 Certain Matters Affecting the Securities Administrator 113 109 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 111 Section 10.04 Securities Administrator May Own Certificates 116 111 Section 10.05 Securities Administrator’s Fees and Expenses 116 111 Section 10.06 Eligibility Requirements for the Securities Administrator 117 112 Section 10.07 Resignation and Removal of the Securities Administrator 118 113 Section 10.08 Successor Securities Administrator 118 114 Section 10.09 Merger or Consolidation of the Securities Administrator 119 114 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 115 TABLE OF CONTENTS (continuedContinued) Page Section 10.11 Dissemination of Confidential Information 120 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIPage

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 9.01. Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 86 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 9.02. Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 Insurance. 88 Section 9.05 9.03. Representations and Warranties of the Master Servicer 106 88 Section 9.06 9.04. Master Servicer Events of Default 107 90 Section 9.07 9.05. Waiver of Default 109 92 Section 9.08 9.06. Successor to the Master Servicer 109 92 Section 9.09 [Reserved] 110 9.07. Compensation of the Master Servicer 93 Section 9.10 9.08. Merger or Consolidation 110 93 Section 9.11 9.09. Resignation of the Master Servicer 111 94 Section 9.12 9.10. Assignment or Delegation of Duties by the Master Servicer 111 94 Section 9.13 9.11. Limitation on Liability of the Master Servicer 111 94 Section 9.14 9.12. Indemnification; Third Party Claims 112 95 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 10.01. Duties of the Securities Administrator 112 96 Section 10.02 10.02. Certain Matters Affecting the Securities Administrator 113 97 Section 10.03 10.03. Securities Administrator Not Liable for Certificates or Mortgage Loans 116 99 Section 10.04 10.04. Securities Administrator May Own Certificates 116 99 Section 10.05 10.05. Securities Administrator’s Fees and Expenses 116 99 Section 10.06 10.06. Eligibility Requirements for the Securities Administrator 117 100 Section 10.07 10.07. Resignation and Removal of the Securities Administrator 118 101 Section 10.08 10.08. Successor Securities Administrator 118 102 Section 10.09 10.09. Merger or Consolidation of the Securities Administrator 119 102 Section 10.10 10.10. Assignment or Delegation of Duties by the Securities Administrator 119 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 102 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIXI

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 100 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 101 Section 9.05 9.03 Representations and Warranties of the Master Servicer 106 and Others 101 Section 9.06 9.04 Master Servicer Events of Default 107 103 Section 9.07 9.05 Waiver of Default 109 105 Section 9.08 9.06 Successor to the Master Servicer 109 105 Section 9.09 [Reserved] 110 9.07 Compensation of the Master Servicer 107 Section 9.10 9.08 Merger or Consolidation 110 107 Section 9.11 9.09 Resignation of the Master Servicer 111 107 Section 9.12 9.10 Assignment or Delegation of Duties by the Master Servicer 111 107 Section 9.13 9.11 Limitation on Liability of the Master Servicer 111 108 Section 9.14 9.12 Indemnification; Third Party Claims 112 108 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of the Securities Administrator 112 109 Section 10.02 Certain Matters Affecting the Securities Administrator 113 110 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 112 Section 10.04 Securities Administrator May Own Certificates 116 112 Section 10.05 Securities Administrator’s Fees and Expenses 116 112 Section 10.06 Eligibility Requirements for the Securities Administrator 117 113 Section 10.07 Resignation and Removal of the Securities Administrator 118 114 Section 10.08 Successor Securities Administrator 118 115 Section 10.09 Merger or Consolidation of the Securities Administrator 119 116 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 116 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIXI

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Each Servicer’s Obligations 104 86 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 88 Section 9.03 [Reserved] 105 88 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 88 Section 9.05 Representations and Warranties of the Master Servicer 106 88 Section 9.06 Master Servicer Events of Default 107 90 Section 9.07 Waiver of Default 109 91 Section 9.08 Successor to the Master Servicer 109 91 Section 9.09 [Reserved] 110 92 Section 9.10 Merger or Consolidation 110 93 Section 9.11 Resignation of the Master Servicer 111 93 Section 9.12 Assignment or Delegation of Duties by the Master Servicer 111 93 Section 9.13 Limitation on Liability of the Master Servicer 111 94 Section 9.14 Indemnification; Third Party Claims 112 94 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of Securities Administrator 112 95 Section 10.02 Certain Matters Affecting the Securities Administrator 113 96 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 98 Section 10.04 Securities Administrator May Own Certificates 116 98 Section 10.05 Securities Administrator’s Fees and Expenses 116 98 Section 10.06 Eligibility Requirements for Securities Administrator 117 99 Section 10.07 Resignation and Removal of Securities Administrator 118 100 Section 10.08 Successor Securities Administrator 118 101 Section 10.09 Merger or Consolidation of Securities Administrator 119 101 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 102 Section 10.11 Dissemination of Confidential Information 102 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 102 Section 11.02 [Reserved] 123 105 Section 11.03 Designation of REMIC(s) 123 105 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 106 Section 11.05 Compliance with Withholding Requirements 107 ARTICLE XII

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 52 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 53 Section 9.05 9.03 Representations and Warranties of the Master Servicer 106 and Others 53 Section 9.06 9.04 Master Servicer Events of Default 107 55 Section 9.07 9.05 Waiver of Default 109 57 Section 9.08 9.06 Successor to the Master Servicer 109 57 Section 9.09 [Reserved] 110 9.07 Compensation of the Master Servicer 59 Section 9.10 9.08 Merger or Consolidation 110 59 Section 9.11 9.09 Resignation of the Master Servicer 111 59 Section 9.12 9.10 Assignment or Delegation of Duties by the Master Servicer 111 59 Section 9.13 9.11 Limitation on Liability of the Master Servicer 111 60 Section 9.14 9.12 Indemnification; Third Party Claims 112 60 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of the Securities Administrator 112 61 Section 10.02 Certain Matters Affecting the Securities Administrator 113 62 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 64 Section 10.04 Securities Administrator May Own Certificates 116 64 Section 10.05 Securities Administrator’s Fees and Expenses 116 64 Section 10.06 Eligibility Requirements for the Securities Administrator 117 65 Section 10.07 Resignation and Removal of the Securities Administrator 118 66 Section 10.08 Successor Securities Administrator 118 67 Section 10.09 Merger or Consolidation of the Securities Administrator 119 68 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 68 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIXI

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 98 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 100 Section 9.05 9.03 Representations and Warranties of the Master Servicer 106 100 Section 9.06 9.04 Master Servicer Events of Default 107 102 Section 9.07 9.05 Waiver of Default 109 104 Section 9.08 9.06 Successor to the Master Servicer 109 104 Section 9.09 [Reserved] 110 9.07 Compensation of the Master Servicer 105 Section 9.10 9.08 Merger or Consolidation 110 105 Section 9.11 9.09 Resignation of the Master Servicer 111 106 Section 9.12 9.10 Assignment or Delegation of Duties by the Master Servicer 111 106 Section 9.13 9.11 Limitation on Liability of the Master Servicer 111 Section 9.14 Indemnification; Third Party Claims 112 106 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of the Securities Administrator 112 Administrator. 108 Section 10.02 Certain Matters Affecting the Securities Administrator 113 109 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 111 Section 10.04 Securities Administrator May Own Certificates 116 111 Section 10.05 Securities Administrator’s Fees and Expenses 116 111 Section 10.06 Eligibility Requirements for the Securities Administrator 117 112 Section 10.07 Resignation and Removal of the Securities Administrator 118 113 Section 10.08 Successor Securities Administrator 118 114 Section 10.09 Merger or Consolidation of the Securities Administrator 119 114 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 114 TABLE OF CONTENTS (continuedContinued) Page Section 10.11 Dissemination of Confidential Information 120 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIPage

ADMINISTRATION OF THE MORTGAGE LOANS BY THE MASTER SERVICER. Section 9.01 Duties of the Master Servicer; Enforcement of each Servicer’s Obligations 104 56 Section 9.02 Provision to the Securities Administrator of Loan-Level Information 105 Section 9.03 [Reserved] 105 Section 9.04 Maintenance of Fidelity Bond and Errors and Omissions Insurance 105 Insurance. 57 Section 9.05 9.03 Representations and Warranties of the Master Servicer 106 and Others. 57 Section 9.06 9.04 Master Servicer Events of Default 107 Default. 59 Section 9.07 9.05 Waiver of Default 109 61 Section 9.08 9.06 Successor to the Master Servicer 109 Servicer. 61 Section 9.07 Compensation of the Master Servicer. 63 Section 9.08 Merger or Consolidation. 63 Section 9.09 [Reserved] 110 Section 9.10 Merger or Consolidation 110 Section 9.11 Resignation of the Master Servicer 111 Servicer. 63 Section 9.12 9.10 Assignment or Delegation of Duties by the Master Servicer 111 Servicer. 63 Section 9.13 9.11 Limitation on Liability of the Master Servicer 111 Servicer. 64 Section 9.14 9.12 Indemnification; Third Party Claims 112 Claims. 64 ARTICLE X CONCERNING THE SECURITIES ADMINISTRATOR Section 10.01 Duties of the Securities Administrator 112 65 Section 10.02 Certain Matters Affecting the Securities Administrator 113 66 Section 10.03 Securities Administrator Not Liable for Certificates or Mortgage Loans 116 Loans. 68 Section 10.04 Securities Administrator May Own Certificates 116 Certificates. 68 Section 10.05 Securities Administrator’s Fees and Expenses 116 68 Section 10.06 Eligibility Requirements for the Securities Administrator 117 Administrator. 69 Section 10.07 Resignation and Removal of the Securities Administrator 118 Administrator. 70 Section 10.08 Successor Securities Administrator 118 Administrator. 71 Section 10.09 Merger or Consolidation of the Securities Administrator 119 72 Section 10.10 Assignment or Delegation of Duties by the Securities Administrator 119 TABLE OF CONTENTS (continued) Page Section 10.11 Dissemination of Confidential Information 120 Administrator. 72 ARTICLE XI REMIC PROVISIONS Section 11.01 REMIC Administration 120 Section 11.02 [Reserved] 123 Section 11.03 Designation of REMIC(s) 123 Section 11.04 Distributions on Uncertificated REMIC 1 Regular Interests, REMIC 2 Regular Interests, and REMIC 3 Regular Interests 124 ARTICLE XIIXI