Common use of Representations and Warranties Remedies and Breach Clause in Contracts

Representations and Warranties Remedies and Breach. Section 3.1 Company Representations and Warranties. 23 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans. 25 Section 3.3 Repurchase. 40 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.1 Company to Act as Servicer. 41 Section 4.2 Liquidation of Mortgage Loans. 43 Section 4.3 Collection of Mortgage Loan Payments. 44 Section 4.4 Establishment of and Deposits to Custodial Account. 44 Section 4.5 Permitted Withdrawals From Custodial Account. 46 Section 4.6 Establishment of and Deposits to Escrow Account. 47 Section 4.7 Permitted Withdrawals From Escrow Account. 48 Section 4.8 Payment of Taxes, Insurance and Other Charges. 49 Section 4.9 Protection of Accounts. 49 Section 4.10 Maintenance of Hazard Insurance. 49

Representations and Warranties Remedies and Breach. Section 3.1 3.01 Company Representations and Warranties. 23 Warranties 15 Section 3.2 3.02 Representations and Warranties Regarding Individual Mortgage Loans. 25 Loans 17 Section 3.3 Repurchase. 40 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.1 4.01 Company to Act as Servicer. 41 Servicer 31 Section 4.2 4.02 Liquidation of Mortgage Loans. 43 Loans 33 Section 4.3 4.03 Collection of Mortgage Loan Payments. 44 Payments 34 Section 4.4 4.04 Establishment of and Deposits to Custodial Account. 44 Account 34 Section 4.5 4.05 Permitted Withdrawals From Custodial Account. 46 Account 36 Section 4.6 4.06 Establishment of and Deposits to Escrow Account. 47 Account 37 Section 4.7 4.07 Permitted Withdrawals From Escrow Account. 48 Account 37 Section 4.8 4.08 Payment of Taxes, Insurance and Other Charges. 49 Charges 38 Section 4.9 4.09 Protection of Accounts. 49 Accounts 38 Section 4.10 Maintenance of Hazard Insurance. 49Insurance 39

Representations and Warranties Remedies and Breach. Section 3.1 Company Representations and Warranties. Warranties 23 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans. 25 .Loans 26 Section 3.3 Repurchase. 40 Xxxxxxxxxx 00 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.1 Company to Act as Servicer. Servicer 41 Section 4.2 Liquidation of Mortgage Loans. 43 Loans 42 Section 4.3 Collection of Mortgage Loan Payments. 44 Payments 43 Section 4.4 Establishment of and Deposits to Custodial Account. 44 Account 43 Section 4.5 Permitted Withdrawals From Custodial Account. 46 Account 45 Section 4.6 Establishment of and Deposits to Escrow Account. 47 Account 46 Section 4.7 Permitted Withdrawals From Escrow Account. 48 Account 47 Section 4.8 Payment of Taxes, Insurance and Other Charges. 49 Charges 48 Section 4.9 Protection of Accounts. Accounts 49 Section 4.10 Maintenance of Hazard Insurance. 49Insurance 49 Section 4.11 Maintenance of Primary Mortgage Insurance Policy; Claims 51

Representations and Warranties Remedies and Breach. Section 3.1 Company Representations and Warranties. 23 Section 3.2 3.01 Servicer Representations and Warranties Regarding Individual Mortgage Loans. 25 16 Section 3.3 Repurchase. 40 3.02 Owner Representations and Warranties 17 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS AND REO PROPERTIES Section 4.1 Company 4.01 Servicer to Act as Servicer. 41 Servicer 18 Section 4.2 4.02 Liquidation of Mortgage Loans. 43 Loans 19 Section 4.3 4.03 Collection of Mortgage Loan Payments. 44 Payments and REO Rental Payments 20 Section 4.4 Establishment of and 4.04 Deposits to Custodial Account. 44 Collection Account 21 Section 4.5 4.05 Permitted Withdrawals From Custodial Account. 46 Collection Account 22 Section 4.6 4.06 Establishment of and Deposits to Escrow Account. 47 Account and Modification Account 22 Section 4.7 4.07 Permitted Withdrawals From Escrow Account. 48 Account and Modification Account 23 Section 4.8 4.08 Payment of Taxes, Insurance and Other Charges. 49 Charges 24 Section 4.9 Protection of Accounts. 49 4.09 [Reserved] 24 Section 4.10 Maintenance of Hazard Insurance. 49Insurance 24 Section 4.11 Maintenance of Mortgage Impairment Insurance 26 Section 4.12 Maintenance of Fidelity Bond and Errors and Omissions Insurance 26 Section 4.13 Inspections 27 Section 4.14 Restoration of Mortgaged Property 27 Page

Representations and Warranties Remedies and Breach. Section 3.1 3.01 Company Representations and Warranties. 23 Warranties 15 Section 3.2 3.02 Representations and Warranties Regarding Individual Mortgage Loans. 25 Loans 17 Section 3.3 Repurchase. 40 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.1 4.01 Company to Act as Servicer. 41 Services 31 Section 4.2 4.02 Liquidation of Mortgage Loans. 43 Loans 33 Section 4.3 4.03 Collection of Mortgage Loan Payments. 44 Payments 34 Section 4.4 4.04 Establishment of and Deposits to Custodial Account. 44 Account 34 Section 4.5 4.05 Permitted Withdrawals From Custodial Account. 46 Account 36 Section 4.6 4.06 Establishment of and Deposits to Escrow Account. 47 Account 37 Section 4.7 4.07 Permitted Withdrawals From Escrow Account. 48 Account 37 Section 4.8 4.08 Payment of Taxes, Insurance and Other Charges. 49 Charges 38 Section 4.9 4.09 Protection of Accounts. 49 Accounts 38 Section 4.10 Maintenance of Hazard Insurance. 49Insurance 39 Section 4.11 Maintenance of Mortgage Impairment Insurance 41

Representations and Warranties Remedies and Breach. Section 3.1 Company Representations and Warranties. 23 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans. 25 Section 3.3 Repurchase. 40 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.1 Company to Act as Servicer. 41 Section 4.2 Liquidation of Mortgage Loans. 43 Section 4.3 Collection of Mortgage Loan Payments. 44 Section 4.4 Establishment of and Deposits to Custodial Account. 44 Section 4.5 Permitted Withdrawals From Custodial Account. 46 Section 4.6 Establishment of and Deposits to Escrow Account. 47 Section 4.7 Permitted Withdrawals From Escrow Account. 48 Section 4.8 Payment of Taxes, Insurance and Other Charges. 49 Section 4.9 Protection of Accounts. 49 Section 4.10 Maintenance of Hazard Insurance. 4949 Section 4.11 Maintenance of PMI Policy; Claims. 51