Common use of Power to Act; Procedures Clause in Contracts

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

Power to Act; Procedures. .. 54 43 Section 3.06 Due-on-Sale Termination of Servicing Agreements; Successor Servicers..............................44 Section 3.07 "Due on Sale" Clauses; Assumption Agreements ................................................... 55 Agreements..........................................44 Section 3.07 3.08 Release of Mortgage Files .................................................................... 55 Files.............................................................44 Section 3.08 3.09 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee ......... 56 Trustee......................................................................45 Section 3.09 3.10 The GEMICO Policies...................................................................46 Section 3.11 Standard Hazard Insurance and Flood Insurance Policies ....................................... 57 Policies..........................................46 Section 3.10 3.12 Presentment of Claims and Collection of Proceeds ............................................. 57 Proceeds......................................47 Section 3.11 3.13 Maintenance of the Primary Mortgage Insurance Policies ....................................... 58 Policies................................47 Section 3.12 3.14 Trustee to To Retain Possession of Certain Insurance Policies and Documents ..................... 58 Documents..............48 Section 3.13 3.15 Realization Upon Defaulted Mortgage Loans .................................................... 59 Loans.............................................48 Section 3.14 3.16 Compensation for to the Master Servicer ......................................................... 59 Section 3.15Servicer...................................................48

Power to Act; Procedures. .. ..54 Section 3.06 Due-on-Sale Clauses; Assumption Agreements ................................................... Agreements.................55 Section 3.07 Release of Mortgage Files .................................................................... 55 Files..................................56 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee ......... 56 Trust.......................57 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies ....................................... Policies.....57 Section 3.10 Presentment of Claims and Collection of Proceeds ............................................. 57 Proceeds...........58 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies ....................................... Policies.....58 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents ..................... 58 Documents.....................................59 Section 3.13 Realization Upon Defaulted Mortgage Loans .................................................... Loans..................59 Section 3.13A. Realization upon Troubled Mortgage Loans...................59 Section 3.14 Additional Compensation for to the Master Servicer ......................................................... Servicer.............59 Section 3.15

Power to Act; Procedures. .. 54 ..43 Section 3.06 Due-on-Sale Clauses; Assumption Agreements ................................................... 55 Agreements...................................44 Section 3.07 Release of Mortgage Files .................................................................... 55 Files....................................................44 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee ......... 56 Trustee..............................................45 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies ....................................... 57 Policies.......................46 Section 3.10 Presentment of Claims and Collection of Proceeds ............................................. 57 Proceeds.............................46 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies ....................................... 58 Policies.......................46 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents ..................... 58 Documents.......................................................47 Section 3.13 Realization Upon Defaulted Mortgage Loans .................................................... 59 Loans....................................47 Section 3.14 Compensation for the Master Servicer ......................................................... 59 Servicer.........................................47 Section 3.15

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

Power to Act; Procedures. .. 54 58 Section 3.06 3.06. Due-on-Sale Clauses; Assumption Agreements ................................................... 55 Agreements....................59 Section 3.07 3.07. Release of Mortgage Files .................................................................... 55 Files.....................................59 Section 3.08 3.08. Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee ......... 56 Trustee...............................60 Section 3.09 3.09. Standard Hazard Insurance and Flood Insurance Policies ....................................... 57 Policies........61 Section 3.10 3.10. Presentment of Claims and Collection of Proceeds ............................................. 57 Proceeds..............61 Section 3.11 3.11. Maintenance of the Primary Mortgage Insurance Policies ....................................... 58 Policies........62 Section 3.12 3.12. Trustee to Retain Possession of Certain Insurance Policies and Documents ..................... 58 Documents........................................62 Section 3.13 3.13. Realization Upon Defaulted Mortgage Loans .................................................... 59 Loans.....................63 Section 3.14 3.14. Compensation for the Master Servicer ......................................................... 59 Servicer..........................63 Section 3.15. REO Property..................................................63