Common use of REMIC Matters; The Servicer Clause in Contracts

REMIC Matters; The Servicer. 63 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 Section 5.05 Assumption and Modification Agreements.....................................................67 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 Section 5.07 Trustee to Cooperate.......................................................................69 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 Section 5.09 Annual Statement as to Compliance..........................................................70 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 Section 5.11 Access to Certain Documentation............................................................71 Section 5.12 Maintenance of Fidelity Bond...............................................................71 Section 5.13 The Subservicers...........................................................................71 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 Section 5.16 Reports to be Provided by the Servicer.....................................................72 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 Section 5.18 Periodic Advances; Special Advance.........................................................73 Section 5.19 Indemnification; Third Party Claims........................................................74

REMIC Matters; The Servicer. 63 59 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 ....61 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ...................62 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 .............63 Section 5.05 Assumption and Modification Agreements.....................................................67 ..............................64 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ...........................64 Section 5.07 Trustee to Cooperate.......................................................................69 ................................................66 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 .....66 Section 5.09 Annual Statement as to Compliance..........................................................70 ...................................66 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 .............66 Section 5.11 Access to Certain Documentation............................................................71 .....................................67 Section 5.12 Maintenance of Fidelity Bond...............................................................71 ........................................67 Section 5.13 The Subservicers...........................................................................71 ....................................................67 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ...............67 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 .......................68 Section 5.16 Reports to be Provided by the Servicer.....................................................72 ..............................68 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 .................. ...........................69 Section 5.18 Periodic Advances; Special Advance.........................................................73 ..................................69 Section 5.19 Indemnification; Third Party Claims........................................................74.................................70 Section 5.20 Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer.......................................71 Section 5.21 Assignment of Agreement by Servicer; Servicer Not to Resign.........71 Section 5.22 Periodic Filings with the Securities and Exchange Commission; Additional Information..................................71 ARTICLE VI

REMIC Matters; The Servicer. 63 55 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 .............................57 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ............................................58 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ......................................59 Section 5.05 Assumption and Modification Agreements.....................................................67 .......................................................60 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ....................................................60 Section 5.07 Trustee to Cooperate.......................................................................69 .........................................................................62 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ..............................62 Section 5.09 Annual Statement as to Compliance..........................................................70 ............................................................62 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ......................................63 Section 5.11 Access to Certain Documentation............................................................71 ..............................................................63 Section 5.12 Maintenance of Fidelity Bond...............................................................71 .................................................................63 Section 5.13 The Subservicers...........................................................................71 .............................................................................63 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ........................................64 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ................................................64 Section 5.16 Reports to be Provided by the Servicer.....................................................72 .......................................................65 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 ....................65 Section 5.18 Periodic Advances; Special Advance.........................................................73 ...........................................................65 Section 5.19 Indemnification; Third Party Claims........................................................74..........................................................66 Section 5.20 Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer.....67 Section 5.21 Assignment of Agreement by Servicer; Servicer Not to Resign..................................67 Section 5.22 Periodic Filings with the Securities and Exchange Commission; Additional Information.........67

REMIC Matters; The Servicer. 63 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 .............................65 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ............................................66 Section 5.04 Hazard Insurance Policies; Property Protection Expenses..........................................................................67 Section 5.05 Assumption and Modification Agreements.....................................................67 .......................................................68 Section 5.06 Realization Upon Defaulted Mortgage Loans......................................................................................................68 Section 5.07 Trustee to Cooperate.......................................................................69 .........................................................................70 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer..........................................................70 Section 5.09 Annual Statement as to Compliance......................................................................................................................70 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ......................................71 Section 5.11 Access to Certain Documentation..........................................................................................................................71 Section 5.12 Maintenance of Fidelity Bond................................................................................................................................71 Section 5.13 The Subservicers........................................................................................................................................................71 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ........................................72 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................................................................72 Section 5.16 Reports to be Provided by the Servicer.....................................................72 .......................................................73 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans......................................73 Section 5.18 Periodic Advances; Special Advance....................................................................................................................73 Section 5.19 Indemnification; Third Party Claims..................................................................................................................74

REMIC Matters; The Servicer. 63 71 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 ...................... 73 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ..................................... 74 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ............................... 75 Section 5.05 Assumption and Modification Agreements.....................................................67 ................................................ 76 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ............................................. 76 Section 5.07 Trustee to Cooperate.......................................................................69 .................................................................. 78 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ....................... 79 Section 5.09 Annual Statement as to Compliance..........................................................70 ..................................................... 79 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ............................... 79 Section 5.11 Access to Certain Documentation............................................................71 ....................................................... 79 Section 5.12 Maintenance of Fidelity Bond...............................................................71 .......................................................... 80 Section 5.13 The Subservicers...........................................................................71 ...................................................................... 80 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ................................. 80 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ......................................... 80 Section 5.16 Reports to be Provided by the Servicer.....................................................72 ................................................ 81 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 ............. 82 Section 5.18 Periodic Advances; Special Advance.........................................................73 .................................................... 82 Section 5.19 Indemnification; Third Party Claims........................................................745.19

REMIC Matters; The Servicer. 63 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 65 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 66 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 Section 5.05 Assumption and Modification Agreements.....................................................67 68 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 69 Section 5.07 Trustee to Cooperate.......................................................................69 70 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 71 Section 5.09 Annual Statement as to Compliance..........................................................70 71 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 71 Section 5.11 Access to Certain Documentation............................................................71 72 Section 5.12 Maintenance of Fidelity Bond...............................................................71 72 Section 5.13 The Subservicers...........................................................................71 72 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 73 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 73 Section 5.16 Reports to be Provided by the Servicer.....................................................72 73 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 74 Section 5.18 Periodic Advances; Special Advance.........................................................73 74 Section 5.19 Indemnification; Third Party Claims........................................................7475

REMIC Matters; The Servicer. 63 45 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 ............ 46 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ........................... 47 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ..................... 48 Section 5.05 Assumption and Modification Agreements.....................................................67 ...................................... 49 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ................................... 49 Section 5.07 Trustee to Cooperate.......................................................................69 ........................................................ 50 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ............. 51 Section 5.09 Annual Statement as to Compliance..........................................................70 ........................................... 51 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ..................... 51 Section 5.11 Access to Certain Documentation............................................................71 ............................................. 51 Section 5.12 Maintenance of Fidelity Bond...............................................................71 ................................................ 52 Section 5.13 The Subservicers...........................................................................71 Subservicer............................................................. 52 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ....................... 52 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ............................... 52 Section 5.16 Reports to be Provided by the Servicer.....................................................72 ...................................... 53 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 .............................................................. 53 Section 5.18 Periodic Advances; Special Advance.........................................................73 .......................................... 53 Section 5.19 Indemnification; Third Party Claims........................................................745.19

REMIC Matters; The Servicer. 63 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 .............................65 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ............................................66 Section 5.04 Hazard Insurance Policies; Property Protection Expenses..........................................................................67 Section 5.05 Assumption and Modification Agreements.....................................................67 .......................................................68 Section 5.06 Realization Upon Defaulted Mortgage Loans......................................................................................................68 Section 5.07 Trustee to Cooperate.......................................................................69 .........................................................................70 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer..........................................................70 Section 5.09 Annual Statement as to Compliance......................................................................................................................70 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ......................................71 Section 5.11 Access to Certain Documentation..........................................................................................................................71 Section 5.12 Maintenance of Fidelity Bond................................................................................................................................71 Section 5.13 The Subservicers........................................................................................................................................................71 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ........................................72 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................................................................72 Section 5.16 Reports to be Provided by the Servicer............................................................................................................72 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans......................................73 Section 5.18 Periodic Advances; Special Advance....................................................................................................................73 Section 5.19 Indemnification; Third Party Claims..................................................................................................................74

REMIC Matters; The Servicer. 63 55 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 .............................57 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ............................................58 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ......................................59 Section 5.05 Assumption and Modification Agreements.....................................................67 .......................................................60 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ....................................................60 Section 5.07 Trustee to Cooperate.......................................................................69 .........................................................................62 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ..............................62 Section 5.09 Annual Statement as to Compliance..........................................................70 ............................................................62 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ......................................63 Section 5.11 Access to Certain Documentation............................................................71 ..............................................................63 Section 5.12 Maintenance of Fidelity Bond...............................................................71 .................................................................63 Section 5.13 The Subservicers...........................................................................71 .............................................................................63 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ........................................64 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ................................................64 Section 5.16 Reports to be Provided by the Servicer.....................................................72 .......................................................65 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 ....................65 Section 5.18 Periodic Advances; Special Advance.........................................................73 ...........................................................65 Section 5.19 Indemnification; Third Party Claims........................................................74..........................................................66 Section 5.20 Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer.....................................................................................67 Section 5.21 Assignment of Agreement by Servicer; Servicer Not to Resign..................................67 Section 5.22 Periodic Filings with the Securities and Exchange Commission; Additional Information.........67

REMIC Matters; The Servicer. 63 71 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 73 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 74 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 75 Section 5.05 Assumption and Modification Agreements.....................................................67 76 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 76 Section 5.07 Trustee to Cooperate.......................................................................69 78 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 79 Section 5.09 Annual Statement as to Compliance..........................................................70 79 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 79 Section 5.11 Access to Certain Documentation............................................................71 79 Section 5.12 Maintenance of Fidelity Bond...............................................................71 80 Section 5.13 The Subservicers...........................................................................71 80 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 80 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 80 Section 5.16 Reports to be Provided by the Servicer.....................................................72 81 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 82 Section 5.18 Periodic Advances; Special Advance.........................................................73 82 Section 5.19 Indemnification; Third Party Claims........................................................745.19

REMIC Matters; The Servicer. 63 59 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 ...............................61 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ..............................................62 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ........................................63 Section 5.05 Assumption and Modification Agreements.....................................................67 .........................................................64 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ......................................................65 Section 5.07 Trustee to Cooperate.......................................................................69 ...........................................................................66 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ................................66 Section 5.09 Annual Statement as to Compliance..........................................................70 ..............................................................67 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ........................................67 Section 5.11 Access to Certain Documentation............................................................71 ................................................................67 Section 5.12 Maintenance of Fidelity Bond...............................................................71 ...................................................................68 Section 5.13 The Subservicers...........................................................................71 ...............................................................................68 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ..........................................68 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ..................................................68 Section 5.16 Reports to be Provided by the Servicer.....................................................72 .........................................................69 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 ......................69 Section 5.18 Periodic Advances; Special Advance.........................................................73 .............................................................70 Section 5.19 Indemnification; Third Party Claims........................................................74............................................................70 Section 5.20 Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer....................................................................................71 Section 5.21 Assignment of Agreement by Servicer; Servicer Not to Resign....................................71 Section 5.22 Periodic Filings with the Securities and Exchange Commission; Additional Information...........72

REMIC Matters; The Servicer. 63 48 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 49 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 50 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 51 Section 5.05 Assumption and Modification Agreements.....................................................67 52 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 53 Section 5.07 Trustee to Cooperate.......................................................................69 54 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 55 Section 5.09 Annual Statement as to Compliance..........................................................70 55 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 55 Section 5.11 Access to Certain Documentation............................................................71 55 Section 5.12 Maintenance of Fidelity Bond...............................................................71 56 Section 5.13 The Subservicers...........................................................................71 56 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 56 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 56 Section 5.16 Reports to be Provided by the Servicer.....................................................72 57 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 57 Section 5.18 Periodic Advances; Special Advance.........................................................73 58 Section 5.19 Indemnification; Third Party Claims........................................................745.19

REMIC Matters; The Servicer. 63 49 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 .........................50 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 ........................................51 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 ..................................52 Section 5.05 Assumption and Modification Agreements.....................................................67 ...................................................53 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 ................................................53 Section 5.07 Trustee to Cooperate.......................................................................69 .....................................................................54 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 ..........................55 Section 5.09 Annual Statement as to Compliance..........................................................70 ........................................................55 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 ..................................55 Section 5.11 Access to Certain Documentation............................................................71 ..........................................................56 Section 5.12 Maintenance of Fidelity Bond...............................................................71 .............................................................56 Section 5.13 The Subservicers...........................................................................71 Subservicer..........................................................................56 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 ....................................56 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 ............................................56 Section 5.16 Reports to be Provided by the Servicer.....................................................72 ...................................................57 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 ...........................................................................57 Section 5.18 Periodic Advances; Special Advance.........................................................73 .......................................................57 Section 5.19 Indemnification; Third Party Claims........................................................74......................................................58

REMIC Matters; The Servicer. 63 Section 5.02 Collection of Certain Mortgage Loan Payments; Collection Account...........................64 65 Section 5.03 Permitted Withdrawals from the Collection Account..........................................65 66 Section 5.04 Hazard Insurance Policies; Property Protection Expenses....................................67 Section 5.05 Assumption and Modification Agreements.....................................................67 68 Section 5.06 Realization Upon Defaulted Mortgage Loans..................................................68 Section 5.07 Trustee to Cooperate.......................................................................69 70 Section 5.08 Servicing Compensation; Payment of Certain Expenses by Servicer............................70 Section 5.09 Annual Statement as to Compliance..........................................................70 71 Section 5.10 Annual Independent Public Accountants' Servicing Report....................................70 71 Section 5.11 Access to Certain Documentation............................................................71 Section 5.12 Maintenance of Fidelity Bond...............................................................71 Section 5.13 The Subservicers...........................................................................71 Section 5.14 Reports to the Trustee; Collection Account Statements......................................71 72 Section 5.15 Optional Purchase of Defaulted Mortgage Loans..............................................72 Section 5.16 Reports to be Provided by the Servicer.....................................................72 73 Section 5.17 Adjustment of Servicing Compensation in Respect of Prepaid Mortgage Loans..................73 Section 5.18 Periodic Advances; Special Advance.........................................................73 Section 5.19 Indemnification; Third Party Claims........................................................74