Common use of Monitoring of Servicers Clause in Contracts

Monitoring of Servicers. 71 Section 3.04 Fidelity Bond........................................... 72 Section 3.05 Power to Act; Procedures................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 Section 3.15

Monitoring of Servicers. 71 78 Section 3.04 Fidelity Bond........................................... 72 Bond .......................................... 79 Section 3.05 Power to Act; Procedures................................ 72 Procedures ............................... 79 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Agreements ............. 80 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files .............................. 80 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Trustee ........................ 81 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Policies . 82 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Proceeds ....... 82 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Policies ............................................... 83 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Documents ................................. 83 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Loans .............. 84 Section 3.14 Compensation for the Master Servicer.................... 76 Servicer ................... 84 Section 3.15

Monitoring of Servicers. 71 56 Section 3.04 Fidelity Bond........................................... 72 ................................................57 Section 3.05 Power to Act; Procedures................................ 72 .....................................57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ...................58 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files....................................58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ..............................59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .......60 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 .............60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .......61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 .......................................61 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ....................62 Section 3.14 Compensation for the Master Servicer.................... 76 .........................62 Section 3.15

Monitoring of Servicers. 71 58 Section 3.04 Fidelity Bond........................................... 72 .....................................................................59 Section 3.05 Power to Act; Procedures................................ 72 ..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ........................................60 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ............................62 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ............................63 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 .....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .........................................64 Section 3.14 Compensation for the Master Servicer.................... 76 ..............................................64 Section 3.15

Monitoring of Servicers. 71 49 Section 3.04 Fidelity Bond........................................... 72 ..............................................................................50 Section 3.05 Power to Act; Procedures................................ 72 ...................................................................50 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .................................................51 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files..................................................................51 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .......52 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .....................................53 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...........................................54 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .....................................54 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ...................54 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ..................................................55 Section 3.14 Compensation for the Master Servicer.................... 76 .......................................................55 Section 3.15

Monitoring of Servicers. 71 40 Section 3.04 Fidelity Bond........................................... 72 .......................................................................41 Section 3.05 Power to Act; Procedures................................ 72 ............................................................41 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ..........................................42 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files...........................................................42 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ........................................................................................................43 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ..............................44 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ....................................44 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ..............................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ............45 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ...........................................46 Section 3.14 Compensation for the Master Servicer.................... 76 ................................................46 Section 3.15

Monitoring of Servicers. 71 73 Section 3.03 Fidelity Bond; Errors and Omissions Insurance..............................................75 Section 3.04 Fidelity Bond........................................... 72 Access to Certain Documentation............................................................75 Section 3.05 Power to Act; Procedures................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. Policy; Claims...................................75 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... ........................................................................76 Section 3.153.07 Trustee to Act as Master Servicer..........................................................76 Section 3.08 Servicer Custodial Accounts and Escrow Accounts............................................77 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Account, Certificate Account and Rate Cap Carryover Reserve Account.............................................77 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans...............81 Section 3.11 Permitted Withdrawals from the Certificate Account and the Master Servicer Custodial Account..........................................................................81

Monitoring of Servicers. 71 61 Section 3.04 Fidelity Bond........................................... 72 .........................................................................62 Section 3.05 Power to Act; Procedures................................ 72 ..............................................................62 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ............................................63 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files.............................................................63 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ...........................................................................64 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ................................65 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ......................................65 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ................................66 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ..............66 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .............................................66 Section 3.14 Compensation for the Master Servicer.................... 76 ..................................................67 Section 3.15

Monitoring of Servicers. 71 45 Section 3.04 Fidelity Bond........................................... 72 ..............................................................................46 Section 3.05 Power to Act; Procedures................................ 72 ...................................................................46 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .................................................47 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files..................................................................47 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ...................................................................48 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .....................................49 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...........................................50 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .....................................50 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ...................50 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ..................................................51 Section 3.14 Compensation for the Master Servicer.................... 76 .......................................................51 Section 3.15

Monitoring of Servicers. 71 61 Section 3.04 Fidelity Bond........................................... 72 ..................................................62 Section 3.05 Power to Act; Procedures................................ 72 .......................................62 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .....................63 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files......................................63 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .........................................64 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .........65 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...............65 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .........66 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ..................................................66 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ......................66 Section 3.14 Compensation for the Master Servicer.................... 76 ...........................67 Section 3.15

Monitoring of Servicers. 71 46 Section 3.04 Fidelity Bond........................................... 72 ..............................................................................48 Section 3.05 Power to Act; Procedures................................ 72 ...................................................................48 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .................................................49 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files..................................................................49 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be to be Held for Trustee......................... 74 .......50 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .....................................50 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...........................................51 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .....................................51 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ...................52 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ..................................................52 Section 3.14 Compensation for the Master Servicer.................... 76 .......................................................52 Section 3.15

Monitoring of Servicers. 71 40 Section 3.04 3.4 Fidelity Bond........................................... 72 .....................................................................................41 Section 3.05 3.5 Power to Act; Procedures................................ 72 ..........................................................................41 Section 3.06 3.6 Due-on-Sale Clauses; Assumption Agreements.............. 73 ........................................................42 Section 3.07 [Reserved].............................................. 73 3.7 Release of Mortgage Files.........................................................................42 Section 3.08 3.8 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ..............43 Section 3.09 3.9 Standard Hazard Insurance and Flood Insurance Policies.. 74 ............................................44 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 .................................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ...........................................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 .........................46 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .................................................................46 Section 3.14 Compensation for the Master Servicer.................... 76 Section 3.15.............................................................46

Monitoring of Servicers. 71 56 Section 3.04 Fidelity Bond........................................... 72 ...................................................................................................... 57 Section 3.05 Power to Act; Procedures................................ 72 ........................................................................................... 57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ......................................................................... 58 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files.......................................................................................... 58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ............................... 59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ............................................................. 60 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ................................................................... 60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ............................................................. 61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ........................................... 61 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .......................................................................... 62 Section 3.14 Compensation for the Master Servicer.................... 76 ............................................................................... 62 Section 3.15

Monitoring of Servicers. 71 47 Section 3.04 Fidelity Bond........................................... 72 .........................................................................48 Section 3.05 Power to Act; Procedures................................ 72 ..............................................................48 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ............................................49 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files.............................................................49 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ..........................................................................................................50 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ................................51 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ......................................51 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ................................51 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ..............52 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .............................................52 Section 3.14 Compensation for the Master Servicer.................... 76 ..................................................52 Section 3.15

Monitoring of Servicers. 71 55 Section 3.04 Fidelity Bond........................................... 72 ..............................................................................55 Section 3.05 Power to Act; Procedures................................ 72 ...................................................................57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .................................................58 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files..................................................................58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .......59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .....................................60 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...........................................60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .....................................61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ...................61 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ..................................................62 Section 3.14 Compensation for the Master Servicer.................... 76 .......................................................62 Section 3.15

Monitoring of Servicers. 71 121 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................123 Section 3.04 Fidelity Bond........................................... 72 Access to Certain Documentation...........................................................124 Section 3.05 Power to Act; Procedures................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Policy; Claims..................................124 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 .....................................................................125 Section 3.153.07 Trustee to Act as Master Servicer.........................................................125 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................125 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Accounts, Certificate Account and Cap Carryover Reserve Account...............................................126 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans..............

Monitoring of Servicers. 71 75 Section 3.04 Fidelity Bond........................................... 72 ......................................... 76 Section 3.05 Power to Act; Procedures................................ 72 .............................. 76 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ............ 77 Section 3.07 [Reserved].............................................. 73 ............................................ 77 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ....................... 77 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .............................................. 78 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...... 78 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .............................................. 78 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ................................ 79 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ............. 79 Section 3.14 Compensation for the Master Servicer.................... 76 .................. 79 Section 3.15

Monitoring of Servicers. 71 40 Section 3.04 Fidelity Bond........................................... 72 .......................................................................41 Section 3.05 Power to Act; Procedures................................ 72 ............................................................41 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ..........................................42 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files...........................................................42 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .............................................................................43 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ..............................44 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ....................................44 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ..............................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ............45 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ...........................................46 Section 3.14 Compensation for the Master Servicer.................... 76 ................................................46 Section 3.15

Monitoring of Servicers. 71 90 Section 3.04 Fidelity Bond........................................... 72 91 Section 3.05 Power to Act; Procedures................................ 72 91 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 92 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files............................... 92 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 93 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 94 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 94 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 95 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 95 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 95 Section 3.14 Compensation for the Master Servicer.................... 76 96 Section 3.15

Monitoring of Servicers. 71 64 Section 3.04 Fidelity Bond........................................... 72 3.04. [Reserved].................................................65 Section 3.05 3.05. Power to Act; Procedures................................ 72 ...................................65 Section 3.06 3.06. Due-on-Sale Clauses; Assumption Agreements.............. 73 .................66 Section 3.07 [Reserved].............................................. 73 3.07. Release of Mortgage Files..................................66 Section 3.08 3.08. Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee......................... 74 .....................67 Section 3.09 Standard 3.09. Maintenance of Hazard Insurance and Flood Insurance Policies.. 74 Insurance............................67 Section 3.10 3.10. Presentment of Claims and Collection of Proceeds........ 75 ...........68 Section 3.11 3.11. Maintenance of the Primary Mortgage Insurance Policies.. 75 .....68 Section 3.12 Trustee 3.12. Custodian to Retain Possession of Certain Insurance Policies and Documents.................................. 75 .....................................68 Section 3.13 3.13. Realization Upon Defaulted Mortgage Loans............... 76 ..................69 Section 3.14 3.14. Compensation for the Servicers and the Master Servicer.................... 76 .....69 Section 3.15.

Monitoring of Servicers. 71 101 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................103 Section 3.04 Fidelity Bond........................................... 72 Access to Certain Documentation...........................................................104 Section 3.05 Power to Act; Procedures................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Policy; Claims..................................104 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 ............................................................105 Section 3.153.07 Trustee to Act as Master Servicer.........................................................105 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................105 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Account, Certificate Account, Cap Carryover Reserve Account, Class 1- A-1 Reserve Fund and Interest Rate Cap Agreement..........................................106 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................................................111

Monitoring of Servicers. 71 54 Section 3.04 Fidelity Bond........................................... 72 55 Section 3.05 Power to Act; Procedures................................ 72 55 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 56 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files............................... 56 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 57 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 58 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 58 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 59 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 59 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 60 Section 3.14 Compensation for the Master Servicer.................... 76 60 Section 3.15

Monitoring of Servicers. 71 43 Section 3.04 Fidelity Bond........................................... 72 ....................................................................44 Section 3.05 Power to Act; Procedures................................ 72 .........................................................44 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .......................................45 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files........................................................45 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ...................................................................................46 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ...........................47 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 .................................47 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ...........................47 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Documents ..................................................................................................48 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ........................................48 Section 3.14 Compensation for the Master Servicer.................... 76 .............................................49 Section 3.15

Monitoring of Servicers. 71 78 Section 3.04 4.04 Fidelity Bond........................................... 72 .......................................................................79 Section 3.05 4.05 Power to Act; Procedures................................ 72 ............................................................79 Section 3.06 4.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ..........................................80 Section 3.07 [Reserved].............................................. 73 4.07 Release of Mortgage Files...........................................................80 Section 3.08 4.08 Documents, Records and Funds in Possession of Master Servicer, Company and Servicer To Be Held for Trustee......................... 74 ..........................................................81 Section 3.09 4.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ..............................82 Section 3.10 4.10 Presentment of Claims and Collection of Proceeds........ 75 ....................................83 Section 3.11 4.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ..............................83 Section 3.12 4.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Documents ............................................................................................83 Section 3.13 4.13 Realization Upon Defaulted Mortgage Loans............... 76 ...........................................84 Section 3.14 4.14 Compensation for the Master Servicer.................... 76 ................................................84 Section 3.154.15

Monitoring of Servicers. 71 Section 3.04 63 3.04. Fidelity Bond........................................... 72 Section 3.05 ..........................................................64 3.05. Power to Act; Procedures................................ 72 Section 3.06 Due-on-...............................................64 3.06. Due on Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 .............................65 3.07. Release of Mortgage Files..............................................65 3.08. Documents, Records and Funds in Possession of Master Servicer To Be to be Held for Trustee......................... 74 Section 3.09 .......................................................66 3.09. Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 .................67 3.10. Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 .......................67 3.11. Maintenance of the Primary Mortgage Insurance Policies.. 75 Section 3.12 .....................68 3.12. Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Section 3.13 ..........................................................68 3.13. Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 ..............................68 3.14. Compensation for the Master Servicer.................... 76 Section ...................................69 3.15. REO Property...........................................................69 3.16. Annual Officer's Certificate as to Compliance..........................70 3.17. Annual Independent Accountant's Servicing Report.......................70 3.18. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls....................................................71

Monitoring of Servicers. 71 145 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................147 Section 3.04 Fidelity Bond........................................... 72 Access to Certain Documentation...........................................................147 Section 3.05 Power to Act; Procedures................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Section 3.07 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Policy; Claims..................................148 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the Master Servicers........................................................................149 Section 3.07 Trustee to Retain Possession Act as Master Servicer.........................................................149 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................150 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Accounts, Certificate Account and Cap Carryover Reserve Account...............................................151 Section 3.10 Access to Certain Insurance Policies Documentation and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Information Regarding the Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 Section 3.15..............

Monitoring of Servicers. 71 48 Section 3.04 3.4 Fidelity Bond........................................... 72 ..............................................................................49 Section 3.05 3.5 Power to Act; Procedures................................ 72 ...................................................................49 Section 3.06 3.6 Due-on-Sale Clauses; Assumption Agreements.............. 73 .................................................50 Section 3.07 [Reserved].............................................. 73 3.7 Release of Mortgage Files..................................................................50 Section 3.08 3.8 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .......51 Section 3.09 3.9 Standard Hazard Insurance and Flood Insurance Policies.. 74 .....................................52 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...........................................53 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .....................................53 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ...................53 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ...........................................................54 Section 3.14 Compensation for the Master Servicer.................... 76 .......................................................54 Section 3.15

Monitoring of Servicers. 71 75 Section 3.04 Fidelity Bond........................................... 72 ......................................................................... 76 Section 3.05 Power to Act; Procedures................................ 72 .............................................................. 76 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ............................................ 77 Section 3.07 [Reserved].............................................. 73 ............................................................................ 77 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ............................................................................... 77 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ................................ 78 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...................................... 78 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ................................ 78 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 .............. 79 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ............................................. 79 Section 3.14 Compensation for the Master Servicer.................... 76 .................................................. 79 Section 3.15

Monitoring of Servicers. 71 45 Section 3.04 Fidelity Bond........................................... 72 ..................................................46 Section 3.05 Power to Act; Procedures................................ 72 .......................................46 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 .....................47 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files......................................47 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ................................48 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 .........49 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ...............49 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 .........49 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ..................................................50 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 ......................50 Section 3.14 Compensation for the Master Servicer.................... 76 ...........................50 Section 3.15

Monitoring of Servicers. 71 41 Section 3.04 Fidelity Bond........................................... 72 .................................................................................42 Section 3.05 Power to Act; Procedures................................ 72 ......................................................................42 Section 3.06 Due-on---Sale Clauses; Assumption Agreements.............. 73 ......................................................43 Section 3.07 [Reserved].............................................. 73 Release on of Mortgage Files..................................................................43 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 ..........44 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ........................................45 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ..............................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ........................................46 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ......................46 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .....................................................46 Section 3.14 Compensation for the Master Servicer.................... 76 ..........................................................47 Section 3.15

Monitoring of Servicers. 71 49 Section 3.04 Fidelity Bond........................................... 72 Bond ................................................................. 50 Section 3.05 Power to Act; Procedures................................ 72 Procedures ...................................................... 51 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Agreements .................................... 52 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files ..................................................... 52 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 Trust. ............................................................ 53 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 Policies ........................ 53 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Proceeds .............................. 54 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 Section 3.15........................ 54

Monitoring of Servicers. 71 58 Section 3.03 Fidelity Bond; Errors and Omissions Insurance..............................................60 Section 3.04 Fidelity Bond........................................... 72 Access to Certain Documentation............................................................60 Section 3.05 Power to ActMaintenance of Primary Mortgage Insurance Policy; Procedures................................ 72 Claims...................................60 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the Master Servicer........................................................................61 Section 3.07 [Reserved].............................................. 73 Trustee to Act as Master Servicer..........................................................61 Section 3.08 Documents, Records Servicer Custodial Accounts and Funds in Possession Escrow Accounts............................................62 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer To Be Held for Trustee......................... 74 Custodial Account and Certificate Account....................................................................................62 Section 3.09 Standard 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans...............65 Section 3.11 Permitted Withdrawals from the Certificate Account and the Master Servicer Custodial Account....................................................................................65 Section 3.12 Maintenance of Hazard Insurance and Flood Insurance Policies.. 74 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 Section 3.14 Compensation for the Master Servicer.................... 76 Section 3.15Other Insurance........................................67

Monitoring of Servicers. 71 41 Section 3.04 Fidelity Bond........................................... 72 .........................................................................42 Section 3.05 Power to Act; Procedures................................ 72 ..............................................................42 Section 3.06 Due-on-Sale Clauses; Assumption Agreements.............. 73 ............................................43 Section 3.07 [Reserved].............................................. 73 Release of Mortgage Files.............................................................43 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee......................... 74 .................................................................................................44 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies.. 74 ................................45 Section 3.10 Presentment of Claims and Collection of Proceeds........ 75 ......................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies.. 75 ................................46 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.................................. 75 ..............46 Section 3.13 Realization Upon Defaulted Mortgage Loans............... 76 .............................................47 Section 3.14 Compensation for the Master Servicer.................... 76 ..................................................47 Section 3.15