Common use of Concerning the Owner Trustee Clause in Contracts

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 Section 7.02. Furnishing of Documents....................................................................19 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Section 7.04. Reliance, Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT

Concerning the Owner Trustee. 18 Section 7.01. Acceptance of Trusts and Duties.......................................................................................................18 Section 7.02. Furnishing of Documents.......................................................................................................................19 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 .......................19 Section 7.04. Reliance, ; Advice of Counsel...............................................................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT20

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties..........................................................................................................18 Section 7.02. Furnishing of Documents....................................................................19 ......................................................20 Section 7.03. Representations and Warranties of the Owner Trustee..................................................................20 Section 7.04. Reliance, Advice of Counsel................................................................20 ..................................................21 Section 7.05. Not Acting in Individual Capacity......................................................................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables............................................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes....................................................................22 ARTICLE EIGHT

Concerning the Owner Trustee. 14 Section 7.01. Acceptance of Trusts and Duties............................................................18 ........................14 Section 7.02. Furnishing of Documents....................................................................19 ................................15 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Warranties.........................16 Section 7.04. Reliance, ; Advice of Counsel................................................................20 ............................16 Section 7.05. Not Acting in Individual Capacity..........................................................21 ......................16 Section 7.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Receivables.............................21 ...................................17 Section 7.07. Owner Trustee May Own Trust Certificates the Certificate and Notes.........................................22 ARTICLE EIGHT........17

Concerning the Owner Trustee. Section 7.01. 25 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ..............................................25 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ......................................................26 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ..............................27 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ..................................................27 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT.................................28 SECTION 7.6 Licenses.....................................................................28

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 .............................................19 Section 7.02. Furnishing of Documents....................................................................19 .....................................................20 Section 7.03. Representations and Warranties of the Owner Trustee.................................................................20 Section 7.04. Reliance, Advice of Counsel................................................................20 .................................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 ...........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 ..............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes...................................................................22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. 23 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ..............................................23 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ......................................................24 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ..............................25 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ..................................................25 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 .................................26 SECTION 7.6 Licenses.....................................................................26 ARTICLE EIGHTVIII

Concerning the Owner Trustee. 17 Section 7.016.01. Acceptance of Trusts and Duties............................................................18 ..................................17 Section 7.026.02. Furnishing of Documents....................................................................19 ..........................................18 Section 7.036.03. Representations and Warranties of the Owner Trustee........................................20 Warranties...................................18 Section 7.046.04. Reliance, ; Advice of Counsel................................................................20 ......................................19 Section 7.056.05. Not Acting in Individual Capacity..........................................................21 ................................19 Section 7.066.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Related Documents...19 Section 7.076.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT.....................20

Concerning the Owner Trustee. Section 7.018.01. Acceptance of Trusts and Duties............................................................18 ................................................................32 Section 7.028.02. Furnishing of Documents....................................................................19 ........................................................................33 Section 7.038.03. Representations and Warranties of the Owner Trustee........................................20 ............................................33 Section 7.048.04. Reliance, ; Advice of Counsel................................................................20 ....................................................................34 Section 7.058.05. Not Acting in Individual Capacity..........................................................21 ..............................................................35 Section 7.068.06. Owner Trustee Not Liable for Trust the Certificates or Receivables.............................21 Mortgage Loans................................35 Section 7.078.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT...................................................35 Section 8.08. Licenses.......................................................................................35

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 ...........................................19 Section 7.02. Furnishing of Documents....................................................................19 ...................................................20 Section 7.03. Representations and Warranties of the Owner Trustee...............................................................20 Section 7.04. Reliance, Advice of Counsel................................................................20 ...............................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 .........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 ............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.................................................................22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties.......................................................................................18 Section 7.02. Furnishing of Documents....................................................................19 ...................................20 Section 7.03. Representations and Warranties of the Owner Trustee........................................Trustee ......20 Section 7.04. Reliance, Advice of Counsel................................................................20 ...............................21 Section 7.05. Not Acting in Individual Capacity...................................................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables............................................................................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.................................................22 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. 25 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. .......................................................25 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ...............................................................26 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. .......................................27 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ...........................................................27 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT..........................................28 SECTION 7.6 Licenses..............................................................................28

Concerning the Owner Trustee. 21 Section 7.017.1. Acceptance of Trusts and Duties............................................................18 ................................................. 21 Section 7.02. 7.2 Furnishing of Documents....................................................................19 .......................................................... 22 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 Warranties.................................................. 22 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 ..................................................... 23 Section 7.05. 7.5 Not Acting in Individual Capacity..........................................................21 ................................................ 23 Section 7.067.6. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 ........................ 24 Section 7.077.7. Owner Trustee May Own Payments from Trust Certificates and Notes.........................................22 ARTICLE EIGHTProperty.................................................... 24 Section 7.8. Doing Business in Other Jurisdictions........................................... 24

Concerning the Owner Trustee. 31 Section 7.017.1. Acceptance of Trusts and Duties............................................................18 31 Section 7.027.2. Furnishing of Documents....................................................................19 32 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 Warranties.............................................................33 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 34 Section 7.057.5. Not Acting in Individual Capacity..........................................................21 35 Section 7.067.6. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Mortgage Loans................................35 Section 7.077.7. Owner Trustee May Own Trust Certificates and Notes.........................................22 Bonds...............................................35 Section 7.8. Licenses...................................................................................36 ARTICLE EIGHTVIII

Concerning the Owner Trustee. Section 7.018.01. Acceptance of Trusts and Duties............................................................18 Duties ...............................28 Section 7.028.02. Furnishing of Documents....................................................................19 Documents .......................................30 Section 7.038.03. Representations and Warranties of the Owner Trustee........................................20 Trustee ...........30 Section 7.048.04. Reliance, ; Advice of Counsel................................................................20 Counsel ...................................31 Section 7.058.05. Not Acting in Individual Capacity..........................................................21 Capacity .............................31 Section 7.068.06. Owner Trustee Not Liable for Trust the Certificates or Receivables.............................21 Mortgage Loans ................................................31 Section 7.078.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHTNotes ..................32 Section 8.08. Licenses ......................................................32

Concerning the Owner Trustee. 21 Section 7.017.1. Acceptance of Trusts and Duties............................................................18 .........................21 Section 7.02. 7.2 Furnishing of Documents....................................................................19 .................................22 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 Warranties..........................22 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 .............................23 Section 7.05. 7.5 Not Acting in Individual Capacity..........................................................21 .......................23 Section 7.067.6. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Receivables ............................................24 Section 7.077.7. Owner Trustee May Own Payments from Trust Certificates and Notes.........................................22 ARTICLE EIGHTProperty............................24 Section 7.8. Doing Business in Other Jurisdictions...................24

Concerning the Owner Trustee. 24 Section 7.01. 9.01 Acceptance of Trusts and Duties............................................................18 .........................24 Section 7.02. 9.02 Furnishing of Documents....................................................................19 .................................25 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Section 7.04. 9.03 Reliance, ; Advice of Counsel................................................................20 .............................25 Section 7.05. 9.04 Not Acting in Individual Capacity..........................................................21 .......................26 Section 7.06. 9.05 Representations and Warranties of Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 Trustee.........26 ARTICLE EIGHTX

Concerning the Owner Trustee. Section 7.01. 25 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ............................................. 25 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ..................................................... 26 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ............................. 27 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ................................................. 27 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 ................................ 28 SECTION 7.6 Licenses.................................................................... 28 ARTICLE EIGHTVIII

Concerning the Owner Trustee. Section 7.018.01. Acceptance of Trusts and Duties............................................................18 .....................................................30 Section 7.028.02. Furnishing of Documents....................................................................19 .............................................................31 Section 7.038.03. Representations and Warranties of the Owner Trustee........................................20 .................................32 Section 7.048.04. Reliance, ; Advice of Counsel................................................................20 .........................................................32 Section 7.058.05. Not Acting in Individual Capacity..........................................................21 ...................................................33 Section 7.068.06. Owner Trustee Not Liable for Trust the Certificates or Receivables.............................21 Mortgage Loans.....................33 Section 7.078.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT........................................33 Section 8.08. Licenses............................................................................34

Concerning the Owner Trustee. 40 Section 7.017.1. Acceptance of Trusts and Duties............................................................18 ...................40 Section 7.027.2. Furnishing of Documents....................................................................19 ...........................42 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 Warranties....................42 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 .......................44 Section 7.057.5. Not Acting in Individual Capacity..........................................................21 .................44 Section 7.067.6. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Mortgage Loans.........................45 Section 7.077.7. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHTBonds......46 Section 7.8. Licenses..........................................46

Concerning the Owner Trustee. 20 Section 7.01. Acceptance of Trusts and Duties............................................................18 20 Section 7.02. Furnishing of Documents....................................................................19 21 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 21 Section 7.04. Reliance, ; Advice of Counsel................................................................20 22 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT22

Concerning the Owner Trustee. 20 Section 7.01. Acceptance of Trusts and Duties............................................................18 ......................................................20 Section 7.02. Furnishing of Documents....................................................................19 ..............................................................21 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Trust Company..................................21 Section 7.04. Reliance, ; Advice of Counsel................................................................20 ..........................................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT....................................................22

Concerning the Owner Trustee. 23 Section 7.01. 7.1 Acceptance of Trusts and Duties............................................................18 ....................................................... 23 Section 7.02. 7.2 Furnishing of Documents....................................................................19 ............................................................... 24 Section 7.03. 7.3 Representations and Warranties of the Owner Trustee........................................20 ....................................... 25 Section 7.04. 7.4 Reliance, ; Advice of Counsel................................................................20 ........................................................... 26 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT.......................................... 26 Section 7.6 Licenses.............................................................................. 26

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 ...............................19 Section 7.02. Furnishing of Documents....................................................................19 .......................................20 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 ...........21 Section 7.04. Reliance, Advice of Counsel................................................................20 ...................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 .............................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 .................................22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ............23 ARTICLE EIGHT

Concerning the Owner Trustee. 20 Section 7.01. Acceptance of Trusts and Duties............................................................18 Duties .............................................20 Section 7.02. Furnishing of Documents....................................................................19 Documents .....................................................21 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Trust Company .........................21 Section 7.04. Reliance, ; Advice of Counsel................................................................20 Counsel .................................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHTCapacity ...........................................22

Concerning the Owner Trustee. Section 7.01. 24 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ....................................................24 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ............................................................25 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ....................................26 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ........................................................26 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 .......................................27 SECTION 7.6 Licenses...........................................................................27 ARTICLE EIGHTVIII

Concerning the Owner Trustee. Section 14 SECTION 7.01. Acceptance of Trusts and Duties............................................................18 Section .................................14 SECTION 7.02. Furnishing of Documents....................................................................19 Section .........................................15 SECTION 7.03. Representations and Warranties of the Owner Trustee........................................20 Section Warranties..................................16 SECTION 7.04. Reliance, ; Advice of Counsel................................................................20 Section .....................................16 SECTION 7.05. Not Acting in Individual Capacity..........................................................21 Section ...............................17 SECTION 7.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Receivables.............................21 Section .....................................................17 SECTION 7.07. Owner Trustee May Own Trust Certificates the Certificate and Notes.........................................22 ARTICLE EIGHT.................17

Concerning the Owner Trustee. Section 7.017.1. Acceptance of Trusts Trustee and Duties............................................................18 ............................24 Section 7.027.2. Furnishing of Documents....................................................................19 .....................................25 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 Warranties..............................26 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 .................................26 Section 7.057.5. Not Acting in Individual Capacity..........................................................21 ...........................27 Section 7.067.6. Owner Trustee Not Liable for Trust Certificates Certificates, Notes or Receivables.............................21 .................................................27 Section 7.077.7. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT................27

Concerning the Owner Trustee. Section 7.01. 25 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ..........................................................25 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ..................................................................26 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ..........................................27 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ..............................................................27 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT.............................................28 SECTION 7.6 Licenses.................................................................................28

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 ............................................19 Section 7.02. Furnishing of Documents....................................................................19 ....................................................20 Section 7.03. Representations and Warranties of the Owner Trustee................................................................20 Section 7.04. Reliance, Advice of Counsel................................................................20 ................................................21 Section 7.05. Not Acting in Individual Capacity..........................................................21 ..........................................22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 .............22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes..................................................................22 ARTICLE EIGHT

Concerning the Owner Trustee. 15 Section 7.01. Acceptance of Trusts and Duties............................................................18 ........................15 Section 7.02. Furnishing of Documents....................................................................19 ................................16 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 Warranties.........................16 Section 7.04. Reliance, ; Advice of Counsel................................................................20 ............................17 Section 7.05. Not Acting in Individual Capacity..........................................................21 ......................17 Section 7.06. Owner Trustee Not Liable for Trust Certificates the Certificate, Notes or Receivables.............................21 ...................................17 Section 7.07. Owner Trustee May Own Trust Certificates the Certificate and Notes.........................................22 ARTICLE EIGHT........18

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 ........................ 19 Section 7.02. Furnishing of Documents....................................................................19 ................................ 21 Section 7.03. Representations and Warranties of the Owner Trustee........................................20 .... 21 Section 7.04. Reliance, Advice of Counsel................................................................20 ............................ 22 Section 7.05. Not Acting in Individual Capacity..........................................................21 ...................... 22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 ...................................... 22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ..... 23 ARTICLE EIGHT

Concerning the Owner Trustee. Section 7.01. Acceptance of Trusts and Duties............................................................18 .......................................... 19 Section 7.02. Furnishing of Documents....................................................................19 .................................................. 20 Section 7.03. Representations and Warranties of the Owner Trustee.............................................................. 20 Section 7.04. Reliance, Advice of Counsel................................................................20 .............................................. 21 Section 7.05. Not Acting in Individual Capacity..........................................................21 ........................................ 22 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 ........... 22 Section 7.07. Owner Trustee May Own Trust Certificates and Notes................................................................ 22 ARTICLE EIGHT

Concerning the Owner Trustee. 19 Section 7.01. Acceptance of Trusts and Duties............................................................18 .......................................................19 Section 7.02. Furnishing of Documents....................................................................19 ...............................................................20 Section 7.03. Representations and Warranties of the Owner Trustee........................................Trust Company...................................20 Section 7.04. Reliance, ; Advice of Counsel................................................................20 ...........................................................21 Section 7.05. Not Acting in Individual Capacity...............................................................................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates Certificate, Residual Interest Certificate Notes or Receivables.............................Timeshare Loans..............................................................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT..........................................22

Concerning the Owner Trustee. Section 7.01SECTION 7.1. Acceptance of Trusts and Duties............................................................18 Section 7.02.........................31 SECTION 7.2. Furnishing of Documents....................................................................19 Section 7.03.................................33 SECTION 7.3. Representations and Warranties of the Owner Trustee........................................20 Section 7.04Warranties..........................33 SECTION 7.4. Reliance, ; Advice of Counsel................................................................20 Section 7.05.............................33 SECTION 7.5. Not Acting in Individual Capacity..........................................................21 Section 7.06.......................34 SECTION 7.6. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHTLoans................................................34

Concerning the Owner Trustee. 16 Section 7.016.01. Acceptance of Trusts and Duties............................................................18 ..................................................16 Section 7.026.02. Furnishing of Documents....................................................................19 ..........................................................17 Section 7.036.03. Representations and Warranties of the Owner Trustee........................................20 Warranties...................................................17 Section 7.046.04. Reliance, ; Advice of Counsel................................................................20 ......................................................18 Section 7.056.05. Not Acting in Individual Capacity..........................................................21 ................................................19 Section 7.066.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Related Documents...................19 Section 7.076.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT.....................................19

Concerning the Owner Trustee. Section 7.01. 25 SECTION 7.1 Acceptance of Trusts and Duties............................................................18 Section 7.02. ..............................................25 SECTION 7.2 Furnishing of Documents....................................................................19 Section 7.03. ......................................................26 SECTION 7.3 Representations and Warranties of the Owner Trustee........................................20 Section 7.04. ..............................27 SECTION 7.4 Reliance, ; Advice of Counsel................................................................20 Section 7.05. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. ..................................................27 SECTION 7.5 Owner Trustee May Own Trust Certificates and Notes.........................................22 .................................28 SECTION 7.6 Licenses.....................................................................28 ARTICLE EIGHTVIII

Concerning the Owner Trustee. Section 7.018.01. Acceptance of Trusts and Duties............................................................18 ................................31 Section 7.028.02. Furnishing of Documents....................................................................19 ........................................32 Section 7.038.03. Representations and Warranties of the Owner Trustee........................................20 ............33 Section 7.048.04. Reliance, ; Advice of Counsel................................................................20 ....................................33 Section 7.058.05. Not Acting in Individual Capacity..........................................................21 ..............................34 Section 7.068.06. Owner Trustee Not Liable for Trust the Certificates or Receivables.............................21 Mortgage Loans.................................................34 Section 7.078.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHT...................34 Section 8.08. Licenses.......................................................35

Concerning the Owner Trustee. 24 Section 7.017.1. Acceptance of Trusts Trust and Duties............................................................18 Duties .................................................... 24 Section 7.027.2. Furnishing of Documents....................................................................19 Documents ........................................................... 25 Section 7.037.3. Representations and Warranties of the Owner Trustee........................................20 .................................................... 25 Section 7.047.4. Reliance, ; Advice of Counsel................................................................20 Counsel ....................................................... 26 Section 7.057.5. Not Acting in Individual Capacity..........................................................21 Section 7.06. Owner Trustee Not Liable for Trust Certificates or Receivables.............................21 Section 7.07. Owner Trustee May Own Trust Certificates and Notes.........................................22 ARTICLE EIGHTCapacity ................................................. 27