Common use of Nonrecoverable Advances Clause in Contracts

Nonrecoverable Advances. 101 Section 4.04. Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 Section 4.06. Statements to Certificateholders...................................................102 ARTICLE V The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page Section 5.01. The Certificates...................................................................104 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 Section 5.03. Registration of Transfer and Exchange of Certificates..............................110 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates..................................111 Section 5.05. Persons Deemed Owners..............................................................111 Section 5.06. Temporary Certificates.............................................................111 Section 5.07. Book-Entry for Book-Entry Certificates.............................................112 Section 5.08. Notices to Clearing Agency.........................................................113 Section 5.09. Definitive Certificates............................................................113 Section 5.10. Office for Transfer of Certificates................................................114 Section 5.11. Nature of Certificates.............................................................114

Nonrecoverable Advances. 101 103 Section 4.04. Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 ...........................................................103 Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 ....................................................................103 Section 4.06. Statements to Certificateholders...................................................102 ............................................105 ARTICLE V The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page THE CERTIFICATES Section 5.01. The Certificates...................................................................104 ............................................................106 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 ..........................................112 Section 5.03. Registration of Transfer and Exchange of Certificates..............................110 .......................112 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates..................................111 ...........................113 Section 5.05. Persons Deemed Owners..............................................................111 .......................................................113 Section 5.06. Temporary Certificates.............................................................111 ......................................................113 Section 5.07. Book-Entry for Book-Entry Certificates.............................................112 ......................................114 Section 5.08. Notices to Clearing Agency.........................................................113 ..................................................115 Section 5.09. Definitive Certificates............................................................113 .....................................................115 Section 5.10. Office for Transfer of Certificates................................................114 .........................................116 Section 5.11. Nature of Certificates.............................................................114......................................................116

Nonrecoverable Advances. 101 Section 4.04. 102 SECTION 4.04 Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 Section 4.05. ................................................102 SECTION 4.05 Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 Section 4.06. .........................................102 SECTION 4.06 Statements to Certificateholders...................................................102 ...........................................103 ARTICLE V The Certificates.................................................................................................................................................104 -ix- TABLE OF CONTENTS (continued) Page Section 5.01. SECTION 5.01 The Certificates..............................................................................................................................104 Section 5.02. SECTION 5.02 Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 Section 5.03. .........................................111 SECTION 5.03 Registration of Transfer and Exchange of Certificates..............................110 Section 5.04. ......................111 SECTION 5.04 Mutilated, Destroyed, Lost or Stolen Certificates..................................111 Section 5.05. ..........................112 SECTION 5.05 Persons Deemed Owners..............................................................111 Section 5.06. ......................................................112 SECTION 5.06 Temporary Certificates.............................................................111 Section 5.07. .....................................................112 SECTION 5.07 Book-Entry for Book-Entry Certificates.............................................112 Section 5.08. .....................................113 SECTION 5.08 Notices to Clearing Agency.........................................................113 Section 5.09. .................................................114 SECTION 5.09 Definitive Certificates............................................................113 Section 5.10. ....................................................114 SECTION 5.10 Office for Transfer of Certificates........................................................................................114 Section 5.11. SECTION 5.11 Nature of Certificates..................................................................................................................114

Nonrecoverable Advances. 101 103 Section 4.04. Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 ......................................103 Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 .......................................103 Section 4.06. Statements to Certificateholders...................................................102 .................................105 ARTICLE V The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page THE CERTIFICATES Section 5.01. The Certificates...................................................................104 .................................................106 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 ...........................112 Section 5.03. Registration of Transfer and Exchange of Certificates..............................110 ............112 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates..................................111 ................113 Section 5.05. Persons Deemed Owners..............................................................111 ............................................113 Section 5.06. Temporary Certificates.............................................................111 ...........................................113 Section 5.07. Book-Entry for Book-Entry Certificates.............................................112 ...........................114 Section 5.08. Notices to Clearing Agency.........................................................113 .......................................115 Section 5.09. Definitive Certificates............................................................113 ..........................................115 Section 5.10. Office for Transfer of Certificates................................................114 ..............................116 Section 5.11. Nature of Certificates.............................................................114...........................................116

Nonrecoverable Advances. 101 Section 4.04. Distributions to Holders of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 103 -x- TABLE OF CONTENTS (continued) Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 ....................................................................104 Section 4.06. Statements to Certificateholders...................................................102 ............................................105 ARTICLE V The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page THE CERTIFICATES....................................................................106 Section 5.01. The Certificates...................................................................104 ............................................................106 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 ..........................................112 Section 5.03. Registration of Transfer and Exchange of Certificates..............................110 .......................112 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates..................................111 ...........................113 Section 5.05. Persons Deemed Owners..............................................................111 .......................................................113 Section 5.06. Temporary Certificates.............................................................111 ......................................................113 Section 5.07. Book-Entry for Book-Entry Certificates.............................................112 ......................................114 Section 5.08. Notices to Clearing Agency.........................................................113 ..................................................115 Section 5.09. Definitive Certificates............................................................113 .....................................................115 Section 5.10. Office for Transfer of Certificates................................................114 .........................................116 Section 5.11. Nature of Certificates.............................................................114......................................................116

Nonrecoverable Advances. 101 77 Section 4.04. Distributions 4.5 Foreclosure Reports............................................78 Section 4.6 Adjustment of Servicing Fees with Respect to Holders Payoffs...........78 Section 4.7 Prohibited Transactions Taxes and Other Taxes..................78 Section 4.8 Tax Administration.............................................79 Section 4.9 Equal Status of REMIC II Regular Interests and Class R-2 Residual Interest...........................................................................101 Servicing Fee..................................79 Section 4.05. Distributions to Certificateholders; Payment 4.10 Appointment of Special Primary Insurance Premiums...........................................................................101 Section 4.06. Statements to Certificateholders...................................................102 Paying Agent....................................79 ARTICLE V THE CERTIFICATES Section 5.1 The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page ...............................................80 Section 5.01. The Certificates...................................................................104 Section 5.02. 5.2 Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 .........................86 Section 5.03. 5.3 Registration of Transfer and Exchange of Certificates..............................110 ..........86 Section 5.04. 5.4 Mutilated, Destroyed, Lost or Stolen Certificates..................................111 ..............87 Section 5.05. 5.5 Persons Deemed Owners..............................................................111 ..........................................88 Section 5.06. 5.6 Temporary Certificates.............................................................111 .........................................88 Section 5.07. 5.7 Book-Entry for Book-Entry Certificates.............................................112 .........................88 Section 5.08. 5.8 Notices to Clearing Agency.........................................................113 .....................................90 Section 5.09. 5.9 Definitive Certificates............................................................113 ........................................90 Section 5.10. 5.10 Office for Transfer of Certificates................................................114 Section 5.11. Nature of Certificates.............................................................114............................90

Nonrecoverable Advances. 101 77 Section 4.04. Distributions to Holders Certificateholders and Holder of REMIC II Regular Interests and Class R-2 Residual Variable Servicing Interest...........................................................................101 Section 4.05. Distributions to Certificateholders; Payment of Special Primary Insurance Premiums...........................................................................101 .................... 77 Section 4.064.05. Statements to Certificateholders...................................................102 ........................................... 79 ARTICLE V The Certificates........................................................................104 -ix- TABLE OF CONTENTS (continued) Page .......................................................... 80 Section 5.01. The Certificates...................................................................104 ........................................................... 80 Section 5.02. Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations...........................................................110 ......................................... 86 TABLE OF CONTENTS (continued) Page Section 5.03. Registration of Transfer and Exchange of Certificates..............................110 ...................... 86 Section 5.04. Mutilated, Destroyed, Lost or Stolen Certificates..................................111 .......................... 87 Section 5.05. Persons Deemed Owners..............................................................111 ...................................................... 87 Section 5.06. Temporary Certificates.............................................................111 ..................................................... 88 Section 5.07. Book-Entry for Book-Entry Certificates.............................................112 ..................................... 88 Section 5.08. Notices to Clearing Agency.........................................................113 ................................................. 89 Section 5.09. Definitive Certificates............................................................113 .................................................... 89 Section 5.10. Office for Transfer of Certificates................................................114 ........................................ 90 Section 5.11. Nature of Certificates.............................................................114..................................................... 90