Common use of Hazard Insurance Clause in Contracts

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer a Qualified Insurer acceptable in accordance with the Underwriting Guidelines to Xxxxxx Xxx and Xxxxxxx Mac and to lending institutions against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional located, pursuant to insurance policies conforming to the requirements set forth in Section 3.13 of the Pooling Servicing Addendum. All such insurance policies are in full force and Servicing Agreementeffect and contain a standard mortgagee clause naming the Seller, its successors and assigns as mortgagee and all premiums thereon have been paid. If required the Mortgaged Property is in an area identified on a Flood Hazard Map or Flood Insurance Rate Map issued by the National Flood Insurance Act of 1968, Federal Emergency Management Agency as amended, each Mortgage Loan is covered by having special flood hazards (and such flood insurance has been made available) a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling Xxxxxx Mae and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paidXxxxxxx Mac. The Mortgage obligates the Mortgagor thereunder to maintain the hazard all such insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, expense and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's or any Subservicer's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingeither, including without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Xxx and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards hazards, if any, as are customary usually and customarily insured against by prudent mortgage lenders in the area where community in which the related Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreementlocated. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines requirements usually and customarily insured against by prudent mortgage lenders in the community in which the related Mortgaged Property is located, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Decision One and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Sponsor upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Decision One has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Decision One;

Hazard Insurance. Pursuant For each Mortgage Loan, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with to the Underwriting Guidelines Buyer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated located, as are provided for by Xxxxxx Xxx or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 the Underwriting Guidelines. Mortgagor has obtained coverage in an amount which is at least equal to the full insurable value of the Pooling and Servicing Agreementimprovements on the Mortgaged Property. If required by The policy either includes provisions for inflation adjustments or guaranteed replacement cost coverage of the Mortgaged Property. In the case of flood insurance, Mortgagor has obtained the maximum amount of insurance that is available under the National Flood Insurance Act of 1968. If upon origination of the Mortgage Loan, the Mortgaged Property was in an area identified in the Federal Register by the Federal Emergency Management Agency as amendedhaving special flood hazards (and such flood insurance has been made available), each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 Requirements of the Pooling Law and Servicing Agreementapplicable insurer and Takeout Investor requirements. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulationRequirements of Law applicable to Seller, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" hazard insurance policy covering a condominium, or any ” hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Buyer upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Seller has not engaged in, and has no knowledge of the Mortgagor's ’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;either.

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the xxxx xxx Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Disaster Protection Act of 19681973, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Xxx and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all All buildings or other customarily insured improvements upon the Mortgaged Property are insured by an insurer a Qualified Insurer generally acceptable in accordance with the Underwriting Guidelines to prudent mortgage lending institutions against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated located as well as all additional requirements set forth herein, pursuant to an insurance policy conforming to the requirements of Customary Servicing Procedures and providing coverage in Section 3.13 an amount equal to the lesser of (i) the full insurable value of the Pooling Mortgaged Property or (ii) the outstanding principal balance owing on the Mortgage Loan. All such insurance policies are in full force and Servicing Agreementeffect and contain a standard mortgagee clause naming the originator of the Mortgage Loan, its successors and assigns as mortgagee and all premiums thereon have been paid. If required the Mortgaged Property is in an area identified on a flood hazard map or flood insurance rate map issued by the National Flood Insurance Act of 1968Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available), as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard all such insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such the Mortgagor's ’s cost and expense, expense and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" hazard insurance policy covering a condominium, or any ” hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's , any subservicer or any prior servicer having engaged in, any act or omission which would impair the coverage of any such hazard insurance policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;the Seller.

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards hazards, if any, as are customary usually and customarily insured against by prudent mortgage lenders in the area where community in which the related Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreementlocated. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines requirements usually and customarily insured against by prudent mortgage lenders in the community in which the related Mortgaged Property is located, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Decision One and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Decision One has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Decision One;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements additionxx xxxuxxxments set forth in Section xx Xxction 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth in Section requirxxxxxx xxx fortx xx Xxction 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxxxexxxts set forth in Section 3.13 ix Xxxxxon 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxxxexxxts set forth in Section 3.13 ix Xxxxxon 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards hazards, if any, as are customary usually and customarily insured against by prudent mortgage lenders in the area where community in which the related Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreementlocated. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines requirements usually and customarily insured against by prudent mortgage lenders in the community in which the related Mortgaged Property is located, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Decision One and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the xxxx xxx Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Decision One has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Decision One;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements reqxxxxxxnxx set forth in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxx xoxxx in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxxrxxxnts set forth in Section 3.13 xx Xxxxion 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth in Section 3.13 requiremxxxx xex xorth xx Xxxxion 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as Fannie Mae Guides or by Freddix Xxx, xx well as all additional requirements additionxx xxxxirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional xx xxx adxxxxxxxl requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac requirements, as well as all additional requirements set forth additionax xxxxixxxents xxx xxxth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional axxxxxxnxx requirements set forth sxx xxxxh in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxxxxrements sxx xxxxh in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section 3.13 Xxxxxxx 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section 3.13 Xxxxxxx 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as Fannie Mae Guides or by Freddxx Xxx, xx well as all additional requirements additioxxx xxxuirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional xx xxl axxxxxxxal requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxxrxxxnts set forth in Section 3.13 xx Xxxxion 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxxrxxxnts set forth in Section 3.13 xx Xxxxion 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards hazards, if any, as are customary usually and customarily insured against by prudent mortgage lenders in the area where community in which the related Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreementlocated. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines requirements usually and customarily insured against by prudent mortgage lenders in the community in which the related Mortgaged Property is located, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant As of the Servicing Transfer Date, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated meeting Accepted Origination Practices, as well as all additional requirements set forth in Section 3.13 2.10 of the Pooling and Flow Interim Servicing Agreement, dated as of April 26, 2004, between the Purchaser and Ameriquest. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Ameriquest and its successors and assigns as mortgagee, and all premiums thereon have been paidpaid and such policies may not be reduced, terminated or cancelled without 30 days' prior written notice to the mortgagee. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Ameriquest has not engaged in, and has no knowledge of the Mortgagor's or any servicer's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either such policy, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Ameriquest;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Xxx and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Disaster Protection Act of 19681973, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Xxx and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Aames Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Aames Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Aames Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Mae Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Mae and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon on the consummation of the transactions contemplated by this AgreementClosing Date. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as Fannie Mae Guides or by Freddix Xxx, xx well as all additional requirements additionxx xxxxirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional xx xxx adxxxxxxxl requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as well Fannie Mae Guides or by Freddie Xxx, ax xell as all additional requirements additionax xxxxxrements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional ax xxx addxxxxxxx requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant Except with respect to any HomeSafe Second, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing AgreementApproved Underwriting Guidelines. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Approved Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing AgreementGuidelines. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Originator and its successors and assigns as mortgagee, and all premiums thereon have been paidpaid and such policies may not be reduced, terminated or cancelled without [*] prior written notice to the mortgagee. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's Xxxxxxxxx’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" ” hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and and, in the case of a Purchased Mortgage Loan, inure to the benefit of the Trustee Buyer upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Seller has not engaged in, and has no knowledge of the Mortgagor's ’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either such policy, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;Seller. (i)

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Mae Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Mae and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Aames and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Aames has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Aames;

Hazard Insurance. Pursuant For each Mortgage Loan, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with to the Underwriting Guidelines Administrative Agent against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated located, as are provided for by Xxxxxx Xxx or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 the Underwriting Guidelines. Mortgagor has obtained coverage in an amount which is at least equal to the full insurable value of the Pooling and Servicing Agreementimprovements on the Mortgaged Property. If required by The policy either includes provisions for inflation adjustments or guaranteed replacement cost coverage of the Mortgaged Property. In the case of flood Sch. 1-5 LEGAL02/41080625v5 LEGAL02/41080625v8 insurance, Mortgagor has obtained the maximum amount of insurance that is available under the National Flood Insurance Act of 1968. If upon origination of the Mortgage Loan, the Mortgaged Property was in an area identified in the Federal Register by the Federal Emergency Management Agency as amendedhaving special flood hazards (and such flood insurance has been made available), each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 Requirements of the Pooling Law and Servicing Agreementapplicable insurer and Takeout Investor requirements. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulationRequirements of Law applicable to Seller, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" hazard insurance policy covering a condominium, or any ” hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Buyers upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Seller has not engaged in, and has no knowledge of the Mortgagor's ’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;either.

Hazard Insurance. Pursuant As of the Servicing Transfer Date for WMC Mortgage Loans sold to Purchaser after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If As of the Servicing Transfer Date for WMC Mortgage Loans sold to Purchaser after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, if required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All As of the Servicing Transfer Date for WMC Mortgage Loans sold to Purchaser after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, all individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paid. The As of the Servicing Transfer Date for WMC Mortgage Loans sold to Purchaser after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, the Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. New Century and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. New Century has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.New Century;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxents set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set requirementx xxx forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon on the consummation of the transactions contemplated by this AgreementClosing Date. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Xxx and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paidpaid and such policies may not be reduced, terminated or cancelled without 30 days’ prior written notice to the mortgagee. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" ” hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Buyer upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's ’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either such policy, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements set requiremxxxx xet forth in Section 3.13 Sectiox 0.00 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxxxx in Section 3.13 Sectiox 0.00 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional additixxxx requirements set forth xxxxx in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Disaster Protection Act of 19681973, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set requirxxxxxx sxx forth in Section Secxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each NC Capital Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon on the consummation of the transactions contemplated by this AgreementClosing Date. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fxxxxx Mxx Guides or by Fxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Disaster Protection Act of 19681973, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fxxxxx Mxx and Fxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Seller’s Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 2.10 of the Pooling and Interim Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Seller’s Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 2.10 of the Pooling and Interim Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the originator and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" ” hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's ’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the xxxx xxx Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements additionxx xxxuxxxments set forth in Section xx Xxction 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth in Section requirxxxxxx xxx fortx xx Xxction 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Frxxxxx Mxx, as well as all thx additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, xx xexx as well as all additional thx xxxxxional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of of, the Mortgagor's having Mortgagor or any servicer have engaged in, in any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Underwriting Guidelines a Qualified Insurer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional located pursuant to insurance policies conforming to the requirements set forth in Section 3.13 of the Pooling and Servicing AgreementInvestors. If required the Mortgaged Property is in an area identified in the Federal Register by the National Flood Insurance Act of 1968Federal Emergency Management Agency as having special flood hazards (and such flood insurance has been made available), as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal federal Flood Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing AgreementApplicable Requirements. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Originator and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Each Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor of such cost and expense from the Mortgagor. Where required by state law or regulation, the each Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" hazard insurance policy covering a condominium, or any ” hazard insurance policy covering the common facilities of a planned unit development. The Each hazard insurance policy is the valid and binding obligation of the insurerrelated Insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this AgreementTransaction. WMC Mortgage Corp. Seller has not engaged in, and has no knowledge of the any Mortgagor's ’s having engaged in, any act or omission which that would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingeither, without limitation, including no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;Seller.

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all the additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all the additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of of, the Mortgagor's having Mortgagor or any servicer have engaged in, in any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rxxxxxxmxxxs set forth in Section 3.13 Xxxxxxn 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rxxxxxxmxxxs set forth in Section 3.13 Xxxxxxn 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as well Fannie Mae Guides or by Freddie Xxx, ax xell as all additional requirements additionax xxxxxrements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional ax xxx addxxxxxxx requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital;

Hazard Insurance. Pursuant As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, if required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, all individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. and its successors and assigns as mortgagee, and all premiums thereon have been paid. The As of the Servicing Transfer Date for WMC Mortgage Loans sold after September 1, 2005 and as of the Closing Date for all other WMC Mortgage Loans, the Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the txx Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements reqxxxxxxnxx set forth in Section 3.13 Sxxxxxx 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxx xoxxx in Section 3.13 Sxxxxxx 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's or any servicer's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements set requiremxxxx xet forth in Section 3.13 Sectiox 0.00 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxxxx in Section 3.13 Sectiox 0.00 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Aames and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Aames has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Aames;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as well as Fannie Mae Guides or by Freddie Mac, xx xxxl xx all additional requirements additionax xxxxxrements set forth in Section 3.13 2.10 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements ax xxx axxxtionax xxxxxrements set forth in Section 3.13 2.10 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Seller has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Seller;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxexxx set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requirementx xxx fxxxh in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as Fannie Mae Guides or by Freddix Xxx, xx well as all additional requirements additionxx xxxxirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional xx xxx adxxxxxxxl requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements additionax xxxxixxxents set forth in Section xx Xxxtion 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set requirexxxxx sxx forth in Section xx Xxxtion 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rxxxxxxmxxxs set forth in Section Xxxxxxn 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth requiremenxx xxx xxxth in Section Xxxxxxn 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon on the consummation of the transactions contemplated by this AgreementClosing Date. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated as Fannie Mae Guides or by Fredxxx Xxc, xs well as all additional requirements additixxxx xxquirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines as Fannie Mae and Freddie Mac requirexxxxx, xx well as xs all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements reqxxxxxxnxx set forth in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxx xoxxx in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC New Century Mortgage Corp. Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements additioxxx xxqxxxements set forth in Section xx Xection 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth in Section requixxxxxxs xxt forxx xx Xection 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards hazards, if any, as are customary usually and customarily insured against by prudent mortgage lenders in the area where community in which the related Mortgaged Property is situated as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreementlocated. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is as in effect, effect which policy conforms to the Underwriting Guidelines requirements usually and customarily insured against by prudent mortgage lenders in the community in which the related Mortgaged Property is located, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. Decision One and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagortxx Xxxxxxgor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Purchaser upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. Decision One has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.Decision One;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements xxxxixxxents set forth in Section xx Xxxtion 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements requirexxxxx set forth forxx in Section Xxxtion 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. [____________] and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. [___________] has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.[___________];

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements rexxxxxxents set forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set requirementx xxx forth in Section Xxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the Responsible Party and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The Responsible Party has not engaged in, and has no knowledge of the Mortgagor's Mortgagor or any servicer having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either includingsuch policy, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.the Responsible Party;

Hazard Insurance. Pursuant For each Mortgage Loan, pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an insurer acceptable in accordance with to the Underwriting Guidelines Buyer against loss by fire, hazards of extended coverage and such other hazards as are customary in the area where the Mortgaged Property is situated located, as are provided for by Xxxxxx Xxx or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 the Underwriting Guidelines. Mortgagor has obtained coverage in an amount which is at least equal to the full insurable value of the Pooling and Servicing Agreementimprovements on the Mortgaged Property. If required by The policy either includes provisions for inflation adjustments or guaranteed replacement cost coverage of the Mortgaged Property. In the case of flood insurance, Mortgagor has obtained the maximum amount of insurance that is available under the National Flood Insurance Act of 1968. If upon origination of the Mortgage Loan, the Mortgaged Property was in an area identified in the Federal Register by the Federal Emergency Management Agency as amendedhaving special flood hazards (and such flood insurance has been made available), each Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines as well as all additional requirements set forth in Section 3.13 Requirements of the Pooling Law and Servicing Agreementapplicable insurer and Takeout Investor requirements. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. the applicable Seller and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's ’s cost and expense, and on the Mortgagor's ’s failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's ’s cost and expense, and to seek reimbursement therefor from the Mortgagor, subject to any Requirements of Law. Where required by state law or regulationRequirements of Law applicable to the applicable Seller, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "“master" ” or "“blanket" hazard insurance policy covering a condominium, or any ” hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee Buyer upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. The applicable Seller has not engaged in, and has no knowledge of the Mortgagor's ’s or any servicer’s having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.;either.

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Xxxxxx Xxx Guides or by Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Xxxxxx Mae and Xxxxxxx Mac, as well as all additional requirements set forth in Section 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;

Hazard Insurance. Pursuant to the terms of the Mortgage, all buildings or other improvements upon the Mortgaged Property are insured by an a generally acceptable insurer acceptable in accordance with the Underwriting Guidelines against loss by fire, hazards of extended coverage and such other hazards as are customary provided for in the area where the Mortgaged Property is situated Fannie Mae Guides or by Freddie Mac, as well as all additional requirements reqxxxxxxnxx set forth in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. If required by the National Flood Insurance Act of 1968, as amended, each the Mortgage Loan is covered by a flood insurance policy meeting the requirements of the current guidelines of the Federal Insurance Administration and is in effect, effect which policy conforms to the Underwriting Guidelines Fannie Mae and Freddie Mac, as well as all additional requirements set forth xxx xoxxx in Section Sxxxxxx 3.13 of the Pooling and Servicing Agreement. All individual insurance policies contain a standard mortgagee clause naming WMC Mortgage Corp. NC Capital Corporation and its successors and assigns as mortgagee, and all premiums thereon have been paid. The Mortgage obligates the Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor's cost and expense, and on the Mortgagor's failure to do so, authorizes the holder of the Mortgage to obtain and maintain such insurance at such Mortgagor's cost and expense, and to seek reimbursement therefor from the Mortgagor. Where required by state law or regulation, the Mortgagor has been given an opportunity to choose the carrier of the required hazard insurance, provided the policy is not a "master" or "blanket" hazard insurance policy covering a condominium, or any hazard insurance policy covering the common facilities of a planned unit development. The hazard insurance policy is the valid and binding obligation of the insurer, is in full force and effect, and will be in full force and effect and inure to the benefit of the Trustee upon the consummation of the transactions contemplated by this Agreement. WMC Mortgage Corp. NC Capital Corporation has not engaged in, and has no knowledge of the Mortgagor's having engaged in, any act or omission which would impair the coverage of any such policy, the benefits of the endorsement provided for herein, or the validity and binding effect of either either, including, without limitation, no unlawful fee, commission, kickback or other unlawful compensation or value of any kind has been or will be received, retained or realized by any attorney, firm or other person or entity, and no such unlawful items have been received, retained or realized by WMC Mortgage Corp.NC Capital Corporation;