Common use of Servicer to Service Mortgage Loans Clause in Contracts

Servicer to Service Mortgage Loans. 62 Section 5.02 Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability of the Servicer........................................................63 Section 5.05 No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of Collection Account; Deposit in Collection Account...............64 Section 5.09 Permitted Withdrawals from the Collection Account................................65 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 Maintenance of the Primary Insurance Policies....................................67 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 Section 5.21 Income and Realization from Defaulted Mortgage Loans.............................69 Section 5.22 Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 Servicing and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................82

Servicer to Service Mortgage Loans. 62 Section 5.02 Sub-Servicing Agreements Between Servicer and Sub-ServicersIII-1 SECTION 3.02. Subservicing; Enforcement of Sub-Servicer's Obligations....................................................63 Section 5.03 Successor Sub-the Obligations of Servicers..........................................................63 Section 5.04 Liability ...............................III-2 SECTION 3.03. Rights of the Depositor and the Trustee in Respect of the Servicer........................................................63 Section 5.05 No Contractual Relationship Between Sub-Servicer and ......................III-2 SECTION 3.04. Trustee or Certificateholders...............................................................64 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 to Act as Servicer..............................................................III-3 SECTION 3.05. Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of Collection ; Certificate Account; Deposit in Distribution Account; Swap Proceeds Account.............................................III-3 SECTION 3.06. Collection Account...............64 Section 5.09 of Taxes, Assessments and Similar Items; Escrow Accounts.....................III-6 SECTION 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans............III-6 SECTION 3.08. Permitted Withdrawals from the Collection Certificate Account and the Distribution Account................................65 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 .........III-7 SECTION 3.09. Maintenance of the Hazard Insurance; Maintenance of Primary Insurance Policies....................................67 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; ..............III-9 SECTION 3.10. Enforcement of Due-Onon-Sale Clauses; Assumption Agreements............................................................69 Section 5.21 Income and ..............................III-10 SECTION 3.11. Realization from Upon Defaulted Mortgage Loans.............................69 Section 5.22 ; Repurchase of Certain Mortgage Loans........III-11 SECTION 3.12. Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 ........................................III-14 SECTION 3.13. Documents Records and Funds in Possession of Servicer to be Held for the Trustee.......III-15 SECTION 3.14. Servicing and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 III-15 SECTION 3.15. Access to Certain Documentation........................................................III-16 SECTION 3.16. Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................82......................................................III-16

Servicer to Service Mortgage Loans. 62 Section 5.02 Sub-52 SECTION 3.02. Servicing Agreements Between Servicer and Sub-ServicersSubservicing; Enforcement of Sub-the Obligations of Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability ................................................................... 53 SECTION 3.03. Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the Servicer........................................................63 Section 5.05 No Contractual Relationship Between Sub-......................................... 54 SECTION 3.04. Master Servicer and Trustee or Certificateholders...............................................................64 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 to Act as Servicer......................................... 54 SECTION 3.05. Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of ; Collection Account; Deposit in Certificate Account........................................................ 55 SECTION 3.06. Collection Account...............64 Section 5.09 of Taxes, Assessments and Similar Items; Escrow Accounts................................................................... 58 SECTION 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans............................................................. 58 TABLE OF CONTENTS (continued) PAGE SECTION 3.08. Permitted Withdrawals from the Collection Account and Certificate Account................................65 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 .................................................................... 58 SECTION 3.09. [Reserved].......................................................................67 Section 5.15 Maintenance of the Primary Insurance Policies....................................67 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 RESERVED]................................................................. 61 SECTION 3.10. [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; RESERVED]................................................................. 61 SECTION 3.11. Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 Section 5.21 Income and .................. 61 SECTION 3.12. Realization from Upon Defaulted Mortgage Loans.............................69 ; Determination of Excess Proceeds; Special Loss Mitigation................................... 61 Section 5.22 3.13. Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 Servicing ............................ 65 SECTION 3.14. Documents, Records and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as Funds in Possession of Servicer to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of be Held for the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................82Trustee............................................................ 66

Servicer to Service Mortgage Loans. 62 47 Section 5.02 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 48 Section 5.03 5.03. Successor Sub-Servicers..........................................................63 49 Section 5.04 5.04. Liability of the Servicer........................................................63 49 Section 5.05 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 49 Section 5.06 5.06. Termination of Sub-Servicing Agreement...........................................64 49 Section 5.07 5.07. Collection of Mortgage Loan Payments.............................................64 49 Section 5.08 5.08. Establishment of Collection Account; Deposit in Collection Account...............64 50 Section 5.09 5.09. Permitted Withdrawals from the Collection Account................................65 51 Section 5.10 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................66 51 Section 5.11 5.11. Permitted Withdrawals from Escrow Account........................................66 52 Section 5.12 5.12. Payment of Taxes, Insurance and Other Charges....................................67 52 Section 5.13 5.13. Transfer of Accounts.............................................................67 52 Section 5.14 5.14. [Reserved].......................................................................67 52 Section 5.15 5.15. Maintenance of the Primary Insurance Policies....................................67 52 Section 5.16 5.16. Maintenance of Standard Hazard Policies..........................................67 53 Section 5.17 5.17. [Reserved].......................................................................68 54 Section 5.18 5.18. [Reserved].......................................................................68 54 Section 5.19 5.19. Fidelity Bond and Errors and Omissions Insurance.................................68 54 Section 5.20 5.20. Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 54 Section 5.21 5.21. Income and Realization from Defaulted Mortgage Loans.............................69 55 Section 5.22 5.22. Trustee to Cooperate; Release of Mortgage Files..................................71 56 Section 5.23 5.23. Servicing and Other Compensation.................................................72 57 Section 5.24 5.24. 1934 Act Reports.................................................................72 57 Section 5.25 5.25. Annual Statement as to Compliance................................................73 58 Section 5.26 5.26. Annual Independent Public Accountants' Servicing Report..........................73 58 Section 5.27 5.27. Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 59 Section 5.28 5.28. REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8259

Servicer to Service Mortgage Loans. 62 56 Section 5.02 Sub-Servicing Agreements Between Servicer 3.02 [Reserved]............................................................................56 Section 3.03 Rights of the Depositor, the Trustee and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability the Certificate Insurer in Respect of the Servicer........................................................63 ..........................................................................56 Section 5.05 No Contractual Relationship Between Sub-Servicer and 3.04 [Reserved]............................................................................57 Section 3.05 Trustee or Certificateholders...............................................................64 to Act as Servicer............................................................57 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 3.06 Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of ; Servicing Accounts; Collection Account; Deposit in Certificate Account; Distribution Account.............................................58 Section 3.07 Collection Account...............64 of Taxes, Assessments and Similar Items; Escrow Accounts...................61 Section 5.09 3.08 Access to Certain Documentation and Information Regarding the Mortgage Loans..........61 Section 3.09 Permitted Withdrawals from the Collection Certificate Account and the Distribution Account................................65 ...............................................................................62 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 3.10 Maintenance of the Hazard Insurance; Maintenance of Primary Insurance Policies....................................67 ............63 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; 3.11 Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 .............................64 Section 5.21 Income and 3.12 Realization from Upon Defaulted Mortgage Loans.............................69 .............................................65 Section 5.22 3.13 Trustee to Cooperate; Release of Mortgage Files..................................71 .......................................67 Section 5.23 Servicing 3.14 Documents, Records and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights Funds in Possession of the Depositor in Respect of Servicer to be Held for the Servicer.....................................................................73 Trustee...............................................................................68 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................823.15

Servicer to Service Mortgage Loans. 62 44 Section 5.02 Sub-Servicing Agreements Between Servicer 3.02 [Reserved]............................................................44 Section 3.03 Rights of the Depositor and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability the Trustee in Respect of the Servicer........................................................63 ..............................................................44 Section 5.05 No Contractual Relationship Between Sub-Servicer and 3.04 [Reserved]............................................................45 Section 3.05 Trustee or Certificateholders...............................................................64 to Act as Servicer............................................45 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 3.06 Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of ; Servicing Accounts; Collection Account; Deposit in Certificate Account; Distribution Account.........45 Section 3.07 Collection Account...............64 of Taxes, Assessments and Similar Items; Escrow Accounts..............................................................48 Section 5.09 3.08 Access to Certain Documentation and Information Regarding the Mortgage Loans........................................................49 Section 3.09 Permitted Withdrawals from the Collection Certificate Account and the Distribution Account................................65 ..................................................49 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 3.10 Maintenance of the Hazard Insurance; Maintenance of Primary Insurance Policies....................................67 ....................................................50 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; 3.11 Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 .............52 Section 5.21 Income and 3.12 Realization from Upon Defaulted Mortgage Loans.............................69 53 Section 5.22 3.13 Trustee to Cooperate; Release of Mortgage Files..................................71 .......................55 Section 5.23 Servicing 3.14 Documents, Records and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights Funds in Possession of the Depositor in Respect of Servicer to be Held for the Servicer.....................................................................73 Trustee...............................................55 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................823.15

Servicer to Service Mortgage Loans. 62 Section 5.02 Sub-Servicing Agreements Between Servicer and Sub-Servicers59 SECTION 3.02 Subservicing; Enforcement of Sub-the Obligations of Subservicers.............................................61 SECTION 3.03 [Reserved]..................................................62 SECTION 3.04 Trustee to Act as Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability of the Servicer........................................................63 Section 5.05 No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 ..................................62 SECTION 3.05 Collection of Mortgage Loan Payments.............................................64 Section 5.08 Loans; Collection Accounts; Certificate Account...............................63 SECTION 3.06 Establishment of Collection Accountand Deposits to Escrow Accounts; Deposit in Collection Account...............64 Section 5.09 Permitted Withdrawals from the Collection Account................................65 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment Accounts; Payments of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 .................................66 SECTION 3.07 Access to Certain Documentation and Information Regarding the Mortgage Loans; Inspections.................................................68 SECTION 3.08 Permitted Withdrawals from the Collection Accounts and Certificate Account............................68 SECTION 3.09 Maintenance of the Primary Hazard Insurance Policies....................................67 Section 5.16 Maintenance and Mortgage Impairment Insurance; Claims; Restoration of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; Mortgaged Property...........................70 SECTION 3.10 Enforcement of Due-Onon-Sale Clauses; Assumption Agreements............................................................69 Section 5.21 Income and .......................................71 SECTION 3.11 Realization from Upon Defaulted Mortgage Loans.............................69 Section 5.22 ; Repurchase of Certain Mortgage Loans........................72 SECTION 3.12 Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 .............78 SECTION 3.13 Documents, Records and Funds in Possession of the Servicer to be Held for the Trustee..................79 SECTION 3.14 Servicing and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Fee...............................................79 SECTION 3.15 Access to Certain Documentation.............................80 SECTION 3.16 Annual Statement as to Compliance................................................73 Section 5.26 ...........................80 SECTION 3.17 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain DocumentationStatement; Rights Financial Statements...................80 SECTION 3.18 Maintenance of Fidelity Bond and Errors and Omissions Insurance.........................................81 SECTION 3.19 Duties of the Depositor in Respect Credit Risk Manager...........................81 SECTION 3.20 Limitation Upon Liability of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................Credit Risk Manager.....................................................82 Section 6.04 Allocation SECTION 3.21 Advance Facility............................................82 SECTION 3.22 Maintenance of Realized Losses....................................................82Pool Insurance Policy........................84

Servicer to Service Mortgage Loans. 62 53 Section 5.02 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 54 Section 5.03 5.03. Successor Sub-Servicers..........................................................63 54 Section 5.04 5.04. Liability of the Servicer........................................................63 54 Section 5.05 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 54 Section 5.06 5.06. Termination of Sub-Servicing Agreement...........................................64 55 Section 5.07 5.07. Collection of Mortgage Loan Payments.............................................64 55 Section 5.08 5.08. Establishment of Collection Account; Deposit in Collection Account...............64 55 Section 5.09 5.09. Permitted Withdrawals from the Collection Account................................65 56 Section 5.10 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................66 57 Section 5.11 5.11. Permitted Withdrawals from Escrow Account........................................66 57 Section 5.12 5.12. Payment of Taxes, Insurance and Other Charges....................................67 57 Section 5.13 5.13. Transfer of Accounts.............................................................67 58 Section 5.14 5.14. [Reserved].......................................................................67 58 Section 5.15 5.15. Maintenance of the Primary Insurance Policies....................................67 58 Section 5.16 5.16. Maintenance of Standard Hazard Policies..........................................67 58 Section 5.17 5.17. [Reserved].......................................................................68 59 Section 5.18 5.18. [Reserved].......................................................................68 59 Section 5.19 5.19. Fidelity Bond and Errors and Omissions Insurance.................................68 59 Section 5.20 5.20. Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 59 Section 5.21 5.21. Income and Realization from Defaulted Mortgage Loans.............................69 60 Section 5.22 5.22. Trustee to Cooperate; Release of Mortgage Files..................................71 61 Section 5.23 5.23. Servicing and Other Compensation.................................................72 62 Section 5.24 5.24. 1934 Act Reports.................................................................72 63 Section 5.25 5.25. Annual Statement as to Compliance................................................73 63 Section 5.26 5.26. Annual Independent Public Accountants' Servicing Report..........................73 63 Section 5.27 5.27. Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 63 Section 5.28 5.28. REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8264

Servicer to Service Mortgage Loans. 62 Section 5.02 Sub-58 SECTION 3.02. Servicing Agreements Between Servicer and Sub-ServicersSubservicing; Enforcement of Sub-the Obligations of Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability ....................................................................59 SECTION 3.03. Rights of the Depositor and the Trustee in Respect of the Servicer........................................................63 Section 5.05 No Contractual Relationship Between Sub-Servicer and ..........60 SECTION 3.04. Trustee or Certificateholders...............................................................64 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 to Act as Servicer..................................................60 SECTION 3.05. Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of ; Collection Account; Deposit in Distribution Account........................................................60 SECTION 3.06. Collection Account...............64 Section 5.09 of Taxes, Assessments and Similar Items; Escrow Accounts....................................................................62 SECTION 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans..............................................................63 SECTION 3.08. Permitted Withdrawals from the Collection Account and Distribution Account................................65 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 ........................................................63 SECTION 3.09. [Reserved].......................................................................67 Section 5.15 RESERVED]..................................................................64 SECTION 3.10. Maintenance of the Primary Insurance Policies....................................67 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; .............................................64 SECTION 3.11. Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 Section 5.21 Income and ...................65 Table of Contents (continued) Page SECTION 3.12. Realization from Upon Defaulted Mortgage Loans.............................69 Section 5.22 ; Determination of Excess Proceeds.............................................................66 SECTION 3.13. Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 Servicing .............................68 SECTION 3.14. Documents, Records and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as Funds in Possession of Servicer to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of be Held for the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERSTrustee........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8270

Servicer to Service Mortgage Loans. 62 45 Section 5.02 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 46 Section 5.03 5.03. Successor Sub-Servicers..........................................................63 46 Section 5.04 5.04. Liability of the Servicer........................................................63 47 Section 5.05 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 47 Section 5.06 5.06. Termination of Sub-Servicing Agreement...........................................64 47 Section 5.07 5.07. Collection of Mortgage Loan Payments.............................................64 47 Section 5.08 5.08. Establishment of Collection Account; Deposit in Collection Account...............64 47 Section 5.09 5.09. Permitted Withdrawals from the Collection Account................................65 49 Section 5.10 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................66 49 Section 5.11 5.11. Permitted Withdrawals from Escrow Account........................................66 50 Section 5.12 5.12. Payment of Taxes, Insurance and Other Charges....................................67 50 Section 5.13 5.13. Transfer of Accounts.............................................................67 50 Section 5.14 5.14. [Reserved].......................................................................67 50 Section 5.15 5.15. Maintenance of the Primary Insurance Policies....................................67 50 Section 5.16 5.16. Maintenance of Standard Hazard Policies..........................................67 51 Section 5.17 5.17. [Reserved].......................................................................68 52 Section 5.18 5.18. [Reserved].......................................................................68 52 Section 5.19 5.19. Fidelity Bond and Errors and Omissions Insurance.................................68 52 Section 5.20 5.20. Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 52 Section 5.21 5.21. Income and Realization from Defaulted Mortgage Loans.............................69 53 Section 5.22 5.22. Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 Servicing and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8254

Servicer to Service Mortgage Loans. 62 64 Section 5.02 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 65 Section 5.03 5.03. Successor Sub-Servicers..........................................................63 65 Section 5.04 5.04. Liability of the Servicer........................................................63 65 Section 5.05 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 65 Section 5.06 5.06. Termination of Sub-Servicing Agreement...........................................64 66 Section 5.07 5.07. Collection of Mortgage Loan Payments.............................................64 66 Section 5.08 5.08. Establishment of Collection Account; Deposit in Collection Account...............64 66 Section 5.09 5.09. Permitted Withdrawals from the Collection Account................................65 67 TABLE OF CONTENTS (continued) Page Section 5.10 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................66 68 Section 5.11 5.11. Permitted Withdrawals from Escrow Account........................................66 68 Section 5.12 5.12. Payment of Taxes, Insurance and Other Charges....................................67 69 Section 5.13 5.13. Transfer of Accounts.............................................................67 69 Section 5.14 5.14. [Reserved].......................................................................67 69 Section 5.15 5.15. Maintenance of the Primary Insurance Policies....................................67 69 Section 5.16 5.16. Maintenance of Standard Hazard Policies..........................................67 69 Section 5.17 5.17. [Reserved].......................................................................68 70 Section 5.18 5.18. [Reserved].......................................................................68 70 Section 5.19 5.19. Fidelity Bond and Errors and Omissions Insurance.................................68 70 Section 5.20 5.20. Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 70 Section 5.21 5.21. Income and Realization from Defaulted Mortgage Loans.............................69 71 Section 5.22 5.22. Trustee to Cooperate; Release of Mortgage Files..................................71 Section 5.23 Servicing and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8272

Servicer to Service Mortgage Loans. 62 48 Section 5.02 Sub-Servicing Agreements Between Servicer 3.02 [Reserved]............................................................................49 Section 3.03 Rights of the Depositor and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 Section 5.03 Successor Sub-Servicers..........................................................63 Section 5.04 Liability the Trustee in Respect of the Servicer........................................................63 ....................49 Section 5.05 No Contractual Relationship Between Sub-Servicer and 3.04 [Reserved]............................................................................49 Section 3.05 Trustee or Certificateholders...............................................................64 to Act as Servicer............................................................49 Section 5.06 Termination of Sub-Servicing Agreement...........................................64 Section 5.07 3.06 Collection of Mortgage Loan Payments.............................................64 Section 5.08 Establishment of ; Servicing Accounts; Collection Account; Deposit in Certificate Account; Distribution Account.............................................49 Section 3.07 Collection Account...............64 of Taxes, Assessments and Similar Items; Escrow Accounts...................52 Section 5.09 3.08 Access to Certain Documentation and Information Regarding the Mortgage Loans..........53 Section 3.09 Permitted Withdrawals from the Collection Certificate Account and the Distribution Account................................65 ...............................................................................53 Section 5.10 Establishment of Escrow Account; Deposits in Escrow Account......................66 Section 5.11 Permitted Withdrawals from Escrow Account........................................66 Section 5.12 Payment of Taxes, Insurance and Other Charges....................................67 Section 5.13 Transfer of Accounts.............................................................67 Section 5.14 [Reserved].......................................................................67 Section 5.15 3.10 Maintenance of the Hazard Insurance; Maintenance of Primary Insurance Policies....................................67 ............55 Section 5.16 Maintenance of Standard Hazard Policies..........................................67 Section 5.17 [Reserved].......................................................................68 Section 5.18 [Reserved].......................................................................68 Section 5.19 Fidelity Bond and Errors and Omissions Insurance.................................68 Section 5.20 Collections under Insurance Policies; 3.11 Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 .............................56 Section 5.21 Income and 3.12 Realization from Upon Defaulted Mortgage Loans.............................69 .............................................57 Section 5.22 3.13 Trustee to Cooperate; Release of Mortgage Files..................................71 .......................................59 Section 5.23 Servicing 3.14 Documents, Records and Other Compensation.................................................72 Section 5.24 1934 Act Reports.................................................................72 Section 5.25 Annual Statement as to Compliance................................................73 Section 5.26 Annual Independent Public Accountants' Servicing Report..........................73 Section 5.27 Access to Certain Documentation; Rights Funds in Possession of the Depositor in Respect of Servicer to be Held for the Servicer.....................................................................73 Trustee...............................................................................59 Section 5.28 REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................823.15

Servicer to Service Mortgage Loans. 62 47 Section 5.02 5.02. Sub-Servicing Agreements Between Servicer and Sub-Servicers; Enforcement of Sub-Servicer's Obligations....................................................63 48 Section 5.03 5.03. Successor Sub-Servicers..........................................................63 48 Section 5.04 5.04. Liability of the Servicer........................................................63 48 Section 5.05 5.05. No Contractual Relationship Between Sub-Servicer and Trustee or Certificateholders...............................................................64 48 Section 5.06 5.06. Termination of Sub-Servicing Agreement...........................................64 49 Section 5.07 5.07. Collection of Mortgage Loan Payments.............................................64 49 Section 5.08 5.08. Establishment of Collection Account; Deposit in Collection Account...............64 49 Section 5.09 5.09. Permitted Withdrawals from the Collection Account................................65 50 Section 5.10 5.10. Establishment of Escrow Account; Deposits in Escrow Account......................66 51 Section 5.11 5.11. Permitted Withdrawals from Escrow Account........................................66 51 Section 5.12 5.12. Payment of Taxes, Insurance and Other Charges....................................67 52 Section 5.13 5.13. Transfer of Accounts.............................................................67 52 Section 5.14 5.14. [Reserved].......................................................................67 52 Section 5.15 5.15. Maintenance of the Primary Insurance Policies....................................67 52 Section 5.16 5.16. Maintenance of Standard Hazard Policies..........................................67 52 Section 5.17 5.17. [Reserved].......................................................................68 53 Section 5.18 5.18. [Reserved].......................................................................68 53 Section 5.19 5.19. Fidelity Bond and Errors and Omissions Insurance.................................68 53 Section 5.20 5.20. Collections under Insurance Policies; Enforcement of Due-On-Sale Clauses; Assumption Agreements............................................................69 54 Section 5.21 5.21. Income and Realization from Defaulted Mortgage Loans.............................69 54 Section 5.22 5.22. Trustee to Cooperate; Release of Mortgage Files..................................71 56 Section 5.23 5.23. Servicing and Other Compensation.................................................72 57 Section 5.24 5.24. 1934 Act Reports.................................................................72 57 Section 5.25 5.25. Annual Statement as to Compliance................................................73 57 Section 5.26 5.26. Annual Independent Public Accountants' Servicing Report..........................73 58 Section 5.27 5.27. Access to Certain Documentation; Rights of the Depositor in Respect of the Servicer.....................................................................73 58 Section 5.28 5.28. REMIC-Related Covenants..........................................................74 ARTICLE VI PAYMENTS TO THE CERTIFICATEHOLDERS........................................................75 Section 6.01 Distributions....................................................................75 Section 6.02 Statements to the Certificateholders.............................................80 Section 6.03 Advances by the Servicer.........................................................82 Section 6.04 Allocation of Realized Losses....................................................8258