Common use of Liability of the Master Servicer Clause in Contracts

Liability of the Master Servicer. 10 Section 3.05 ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 Section 3.06 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15

Liability of the Master Servicer. 10 56 Section 3.05 NO CONTRACTUAL RELATIONSHIP BETWEEN SUB-SERVICERS AND TRUSTEE OR CERTIFICATEHOLDERS...........................................................56 Section 3.06 ASSUMPTION OR TERMINATION OF SUBSERVICING SUB-SERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 TRUSTEE ............................................................................56 Section 3.06 3.07 COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 .................................57 Section 3.08 SUB-SERVICING ACCOUNTS.......................................................57 Section 3.09 COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 .....................................................................58 Section 3.10 COLLECTION ACCOUNT AND DISTRIBUTION ACCOUNT..................................58 Section 3.11 WITHDRAWALS FROM THE COLLECTION ACCOUNT AND DISTRIBUTION ACCOUNT ............................................................................61 Section 3.12 INVESTMENT OF FUNDS IN THE COLLECTION ACCOUNT, SERVICING ACCOUNTS AND THE DISTRIBUTION ACCOUNT.................................................62 Section 3.13 MAINTENANCE OF THE PRIMARY INSURANCE POLICIES AND THE RADIAN POLICYPOLICIES; COLLECTION COLLECTIONS THEREUNDER...................................................................................16 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15...................................................................63

Liability of the Master Servicer. 10 11 Section 3.05 3.05. NO CONTRACTUAL RELATIONSHIP BETWEEN SUB-SERVICERS, THE INDENTURE TRUSTEE OR THE NOTEHOLDERS..........................12 Section 3.06. ASSUMPTION OR TERMINATION OF SUBSERVICING SUB-SERVICING AGREEMENTS BY THE INDENTURE TRUSTEE.................................................................................................10 .........................................12 Section 3.06 3.07. COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT............................................................13 Section 3.08 3.08. SUB-SERVICING ACCOUNTS........................................13 Section 3.09. COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 ............................................13 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION 3.10. COLLECTION ACCOUNT AND INFORMATION REGARDING PAYMENT ACCOUNT........................14 Section 3.11. WITHDRAWALS FROM THE MORTGAGE LOANS..........................................................................................16 COLLECTION ACCOUNT AND PAYMENT ACCOUNT...17 Section 3.10 MAINTENANCE 3.12. INVESTMENT OF PRIMARY INSURANCE POLICIES FUNDS IN THE COLLECTION ACCOUNT AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 PAYMENT ACCOUNT...............................................18 Section 3.11 3.13. [RESERVED]....................................................19 Section 3.14. MAINTENANCE OF HAZARD INSURANCE AND ERRORS AND OMISSIONS AND FIDELITY COVERAGE............................17 ...............................20 Section 3.12 3.15. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15.....21

Liability of the Master Servicer. 10 Section 44 SECTION 3.05 ASSUMPTION OR TERMINATION RIGHTS OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 Section THE SELLER AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER..............................................................45 SECTION 3.06 TRUSTEE TO ACT AS MASTER SERVICER............................................45 SECTION 3.07 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section .........................................45 SECTION 3.08 COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ESCROW ACCOUNTS................................................................................................15 Section ..............................................................47 SECTION 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING PERMITTED WITHDRAWALS FROM THE MORTGAGE LOANS..........................................................................................16 Section CUSTODIAL ACCOUNT. ............................................................................48 SECTION 3.10 MAINTENANCE OF PRIMARY MORTGAGE INSURANCE POLICIES AND THE RADIAN PMI POLICY; COLLECTION COLLECTIONS THEREUNDER...................................................................................16 Section ...........................................49 SECTION 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section OTHER INSURANCE. 51 SECTION 3.12 ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section ...................................................................52 SECTION 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15....................................53

Liability of the Master Servicer. 10 12 Section 3.05 3.05. NO CONTRACTUAL RELATIONSHIP BETWEEN SUB-SERVICERS, THE INDENTURE TRUSTEE OR THE NOTEHOLDERS....................................................................13 Section 3.06. ASSUMPTION OR TERMINATION OF SUBSERVICING SUB-SERVICING AGREEMENTS BY THE INDENTURE TRUSTEE.................................................................................................10 ...............................................................................13 Section 3.06 3.07. COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 ..........................................14 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 3.08. SUB-SERVICING ACCOUNTS................................................................14 Section 3.08 3.09. COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................ACCOUNTS .....................................................................................14 Section 3.10. COLLECTION ACCOUNT AND PAYMENT ACCOUNT................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION 3.11. WITHDRAWALS FROM THE COLLECTION ACCOUNT AND INFORMATION REGARDING PAYMENT ACCOUNT...........................17 Section 3.12. INVESTMENT OF FUNDS IN THE MORTGAGE LOANS..........................................................................................16 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES COLLECTION ACCOUNT AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 PAYMENT ACCOUNT .....................................................................................19 Section 3.11 3.13. [RESERVED]............................................................................20 Section 3.14. MAINTENANCE OF HAZARD INSURANCE AND ERRORS AND OMISSIONS AND FIDELITY COVERAGE............................17 ..............................................................................20 Section 3.12 3.15. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15.............................22

Liability of the Master Servicer. 10 62 Section 3.05 3.05. NO CONTRACTUAL RELATIONSHIP BETWEEN SUB-SERVICERS AND THE NIMS INSURER, THE TRUSTEE OR CERTIFICATEHOLDERS...................................63 Section 3.06. ASSUMPTION OR TERMINATION OF SUBSERVICING SUB-SERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 ......................63 Section 3.06 3.07. COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 ..........................................63 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 3.08. SUB-SERVICING ACCOUNTS................................................................64 Section 3.08 3.09. COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; i SERVICING ACCOUNTS................................................................................................15 ....................................................................65 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION 3.10. COLLECTION ACCOUNT, INITIAL DEPOSIT ACCOUNT AND INFORMATION REGARDING DISTRIBUTION ACCOUNT..................................................................65 Section 3.11. WITHDRAWALS FROM THE MORTGAGE LOANS..........................................................................................16 COLLECTION ACCOUNT AND DISTRIBUTION ACCOUNT......................68 Section 3.10 MAINTENANCE 3.12. INVESTMENT OF PRIMARY INSURANCE POLICIES FUNDS IN THE INTEREST COVERAGE ACCOUNT, COLLECTION ACCOUNT, INITIAL DEPOSIT ACCOUNT AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 DISTRIBUTION ACCOUNT.........................70 Section 3.11 3.13. [Reserved]............................................................................72 Section 3.14. MAINTENANCE OF HAZARD INSURANCE AND ERRORS AND OMISSIONS AND FIDELITY COVERAGE............................17 .....................................................................72 Section 3.12 3.15. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 .............................73 Section 3.13 3.16. REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 .............................................74 Section 3.14 INDENTURE 3.17. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 .......................................77 Section 3.153.18. SERVICING COMPENSATION................................................................78 Section 3.19. REPORTS TO THE TRUSTEE; COLLECTION ACCOUNT STATEMENTS.................................79 Section 3.20. STATEMENT AS TO COMPLIANCE............................................................79 Section 3.21. INDEPENDENT PUBLIC ACCOUNTANTS' SERVICING REPORT......................................79 Section 3.22. ACCESS TO CERTAIN DOCUMENTATION; FILING OF REPORTS BY TRUSTEE.........................80 Section 3.23. TITLE, MANAGEMENT AND DISPOSITION OF REO PROPERTY.....................................80 Section 3.24. OBLIGATIONS OF THE MASTER SERVICER IN RESPECT OF PREPAYMENT INTEREST SHORTFALLS........................................................83 Section 3.25. [Reserved]............................................................................84 Section 3.26. OBLIGATIONS OF THE MASTER SERVICER IN RESPECT OF MORTGAGE RATES AND MONTHLY PAYMENTS............................................................84 Section 3.27. SOLICITATIONS.........................................................................84 Section 3.28. RESERVE FUND..........................................................................85 Section 3.29. ADVANCE FACILITY......................................................................86 Section 3.30. PMI POLICY; CLAIMS UNDER THE PMI POLICY...............................................87

Liability of the Master Servicer. 10 73 Section 3.05 3.05. NO CONTRACTUAL RELATIONSHIP BETWEEN SUBSERVICER AND TRUSTEE OR CERTIFICATEHOLDERS....................................................................73 Section 3.06. ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 .......................73 Section 3.06 3.07. COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 ; DEPOSITS TO CUSTODIAL ACCOUNT...............................................................................73 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS3.08. SUBSERVICING ACCOUNTS; SERVICING ACCOUNTS................................................................................................15 .............................................76 Section 3.09 3.09. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 .................................................................................77 Section 3.10 3.10. PERMITTED WITHDRAWALS FROM THE CUSTODIAL ACCOUNT......................................78 Section 3.11. MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 COVERAGE.............................................80 Section 3.11 3.12. MAINTENANCE OF HAZARD FIRE INSURANCE AND OMISSIONS AND FIDELITY COVERAGE............................17 .....................80 Section 3.12 3.13. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AND MODIFICATION AGREEMENTS.......................................19 ; CERTAIN ASSIGNMENTS.......................................................81 Section 3.13 3.14. REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 .............................................83 Section 3.14 INDENTURE 3.15. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 .......................................86 Section 3.153.16. SERVICING AND OTHER COMPENSATION; COMPENSATING INTEREST...............................87 Section 3.17. REPORTS TO THE TRUSTEE AND THE DEPOSITOR..............................................88 Section 3.18. ANNUAL STATEMENT AS TO COMPLIANCE.....................................................88 Section 3.19. ANNUAL INDEPENDENT PUBLIC ACCOUNTANTS' SERVICING REPORT...............................89 Section 3.20. RIGHT OF THE DEPOSITOR IN RESPECT OF THE MASTER SERVICER..............................89

Liability of the Master Servicer. 10 9 Section 3.05 3.05. ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.......................................................................................................................................................................................10 Section 3.06 3.06. COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................................................................11 Section 3.07 3.07. WITHDRAWALS FROM THE COLLECTION ACCOUNT.......................................................................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 3.09. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..................................................................................................................................................................................16 Section 3.10 3.10. MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN CMAC POLICY; COLLECTION THEREUNDER...........................................................................................................................................................16 Section 3.11 3.11. MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE...........................................................17 Section 3.12 3.12. DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 .........................................18 Section 3.13 3.13. REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 ...........................................19 Section 3.14 3.14. INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES...................................................21 Section 3.15. MASTER SERVICING COMPENSATION.......................................................22 Section 3.16.

Liability of the Master Servicer. 10 11 Section 3.05 ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 ................................................................12 Section 3.06 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 12 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 15 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 ...............................................................17 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 .....................................................17 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 .........................................18 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 19 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 20 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 21 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 23 Section 3.15

Liability of the Master Servicer. 10 Section 3.05 ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 Section 3.06 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 18 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 19 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 20 Section 3.15

Liability of the Master Servicer. 10 Section 3.05 3.05. ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................TRUSTEE 10 Section 3.06 3.06. COLLECTION OF MORTGAGE LOAN PAYMENTS...............................................................................................11 Section 3.07 3.07. WITHDRAWALS FROM THE COLLECTION ACCOUNT.........................................................................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 3.09. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 Section 3.10 3.10. MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICY; COLLECTION THEREUNDER........................................................................................................................................................................16 Section 3.11 3.11. MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE.............................................................17 Section 3.12 3.12. DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS..................................................................................19 Section 3.13 3.13. REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 .............................................19 Section 3.14 3.14. INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.....................................................21 Section 3.15. MASTER SERVICING COMPENSATION.........................................................22 Section 3.16.

Liability of the Master Servicer. 10 Section 3.05 ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 Section 3.06 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 15 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN POLICYPOLICIES; COLLECTION THEREUNDER...................................................................................THEREUNDER .......................................................................................................16 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 16 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 18 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 18 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 20 Section 3.15

Liability of the Master Servicer. 10 9 Section 3.05 3.05. ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE..............................................................................................................................................................................10 Section 3.06 3.06. COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................................................................11 Section 3.07 3.07. WITHDRAWALS FROM THE COLLECTION ACCOUNT.......................................................................................13 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 3.09. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS.........................................................................................................................................................................16 Section 3.10 3.10. MAINTENANCE OF PRIMARY INSURANCE POLICIES AND THE RADIAN CMAC POLICY; COLLECTION THEREUNDER..................................................................................................................................................16 Section 3.11 3.11. MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE...........................................................17 Section 3.12 DUE-ON-SALE 3.12. DUEONSALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 ..........................................18 Section 3.13 3.13. REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 ...........................................19 Section 3.14 3.14. INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES...................................................21 Section 3.15. MASTER SERVICING COMPENSATION.......................................................22 Section 3.16.

Liability of the Master Servicer. 10 Section 44 SECTION 3.05 ASSUMPTION OR TERMINATION RIGHTS OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 Section THE SELLER AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER..............................................................44 SECTION 3.06 TRUSTEE TO ACT AS MASTER SERVICER............................................45 SECTION 3.07 COLLECTION OF MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 Section .........................................45 SECTION 3.08 COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ESCROW ACCOUNTS................................................................................................15 Section ..............................................................47 SECTION 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING PERMITTED WITHDRAWALS FROM THE MORTGAGE LOANS..........................................................................................16 Section CUSTODIAL ACCOUNT.............................48 SECTION 3.10 MAINTENANCE OF PRIMARY MORTGAGE INSURANCE POLICIES AND THE RADIAN PMI POLICY; COLLECTION COLLECTIONS THEREUNDER...................................................................................16 Section ...........................................49 SECTION 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section OTHER INSURANCE..........................50 SECTION 3.12 ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15...................................................................52

Liability of the Master Servicer. 10 43 Section 3.05 NO CONTRACTUAL RELATIONSHIP BETWEEN SUBSERVICER AND TRUSTEE OR CERTIFICATEHOLDERS....................................................................43 Section 3.06 ASSUMPTION OR TERMINATION OF SUBSERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 .......................44 Section 3.06 3.07 COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ; DEPOSITS TO CUSTODIAL ACCOUNT..........................................13 ...............................................................................44 Section 3.08 COLLECTION OF TAXES ASSESSMENTS AND SIMILAR ITEMSSUBSERVICING ACCOUNTS; SERVICING ACCOUNTS................................................................................................15 .............................................47 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 ........................................................................48 Section 3.10 MAINTENANCE OF PRIMARY INSURANCE POLICIES AND PERMITTED WITHDRAWALS FROM THE RADIAN POLICY; COLLECTION THEREUNDER...................................................................................16 CUSTODIAL ACCOUNT......................................48 Section 3.11 MAINTENANCE OF HAZARD THE PRIMARY INSURANCE POLICIES; COLLECTIONS THEREUNDER .....................................................................................50 Section 3.12 MAINTENANCE OF FIRE INSURANCE AND OMISSIONS AND FIDELITY COVERAGE............................17 .....................51 Section 3.12 3.13 ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AND MODIFICATION AGREEMENTS.......................................19 ; CERTAIN ASSIGNMENTS.......................................................52 Section 3.13 3.14 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 .............................................54 Section 3.14 INDENTURE 3.15 TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 .......................................58 Section 3.153.16 SERVICING AND OTHER COMPENSATION; COMPENSATING INTEREST...............................59

Liability of the Master Servicer. 10 48 Section 3.05 NO CONTRACTUAL RELATIONSHIP BETWEEN SUB-SERVICERS AND TRUSTEE OR CERTIFICATEHOLDERS....................................................................49 Section 3.06 ASSUMPTION OR TERMINATION OF SUBSERVICING SUB-SERVICING AGREEMENTS BY INDENTURE TRUSTEE.................................................................................................10 ......................49 Section 3.06 3.07 COLLECTION OF CERTAIN MORTGAGE LOAN PAYMENTS.............................................11 Section 3.07 WITHDRAWALS FROM THE COLLECTION ACCOUNT..........................................13 49 Section 3.08 SUB-SERVICING ACCOUNTS................................................................50 Section 3.09 COLLECTION OF TAXES TAXES, ASSESSMENTS AND SIMILAR ITEMS; SERVICING ACCOUNTS................................................................................................15 Section 3.09 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........................................................................................16 ................50 Section 3.10 COLLECTION ACCOUNT AND DISTRIBUTION ACCOUNT...........................................51 Section 3.11 WITHDRAWALS FROM THE COLLECTION ACCOUNT AND DISTRIBUTION ACCOUNT......................54 Section 3.12 INVESTMENT OF FUNDS IN THE COLLECTION ACCOUNT AND THE DISTRIBUTION ACCOUNT............56 Section 3.13 MAINTENANCE OF THE PRIMARY INSURANCE POLICIES AND THE RADIAN POLICYPOLICIES; COLLECTION COLLECTIONS THEREUNDER...................................................................................16 Section 3.11 MAINTENANCE OF HAZARD INSURANCE AND FIDELITY COVERAGE............................17 Section 3.12 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.......................................19 Section 3.13 REALIZATION UPON DEFAULTED MORTGAGE LOANS........................................20 Section 3.14 INDENTURE TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES........................21 Section 3.15.................57