Common use of Advances by the Servicer Clause in Contracts

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Payment Date, the Servicer shall remit to the Securities Administrator for deposit in the Payment Account an amount to be paid on the related Payment Date pursuant to Section 3.05 of the Indenture, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the “Monthly Advance.” With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month’s interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Payment Distribution Date, the Servicer shall remit to the Securities Administrator Trustee for deposit in the Payment Distribution Account an amount to be paid distributed on the related Payment Distribution Date pursuant to Section 3.05 of the Indenture5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the “Monthly Advance.” ”. With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month’s interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Payment Distribution Date, the Servicer shall remit to the Securities Administrator for deposit in the Payment Distribution Account an amount to be paid distributed on the related Payment Distribution Date pursuant to Section 3.05 of the Indenture5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the “Monthly Advance.” With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month’s interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. 12:00 noon New York time on the Deposit Date related to Business Day preceding each Payment Distribution Date, the Servicer shall remit to the Securities Administrator Trustee for deposit in the Payment Distribution Account an amount to be paid distributed on the related Payment Distribution Date pursuant to Section 3.05 of the Indenture5.01, equal to the Monthly Payment due interest accrued on each Mortgage Loan during through the related Due PeriodDate, but not received as of the close of business on the last day of the related Determination Date Due Period (net of the Servicing Fee) such amount being defined herein as the “"Monthly Advance.” " With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month’s 's interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.

Advances by the Servicer. (a) Not later than 1:00 p.m. New York time on the Deposit Date related to each Payment Distribution Date, the Servicer shall remit to the Securities Administrator Trustee for deposit in the Payment Distribution Account an amount to be paid distributed on the related Payment Distribution Date pursuant to Section 3.05 of the Indenture5.01, equal to the Monthly Payment due on each Mortgage Loan during the related Due Period, but not received as of the related Determination Date (net of the Servicing Fee) such amount being defined herein as the “"Monthly Advance.” ". With respect to any Balloon Loan that is delinquent on its maturity date, the Servicer will continue to make Monthly Advances with respect to such Balloon Loan in an amount equal to one month’s 's interest on the unpaid principal balance at the applicable Loan Rate (net of the Servicing Fee) according to the original amortization schedule for such Mortgage Loan. The obligation to make Monthly Advances with respect to each Mortgage Loan shall continue until such Mortgage Loan becomes a Liquidated Mortgage Loan.