{"component": "clause", "props": {"groups": [{"snippet": "(a) The Servicer shall service and administer the Mortgage Loans in the same manner as would prudent institutional mortgage lenders servicing comparable mortgage loans for their own account in the jurisdictions where the related Mortgaged Properties are located and in a manner consistent with the terms of this Servicing Agreement and which shall be normal and usual in its general mortgage servicing activities and shall have full power and authority, acting alone or through a subservicer, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable, it being understood, how ever, that the Servicer shall at all times remain responsible to the Company, the Indenture Trustee, as pledgee of the Mortgage Collateral, and the Securityholders for the performance of its duties and obligations hereunder in accordance with the terms hereof and the servicing standard set forth above. Without limiting the generality of the foregoing, the Servicer shall continue, and is hereby authorized and empowered by the Company and the Indenture Trustee, as pledgee of the Mortgage Collateral, to execute and deliver, on behalf of itself, the Company, the Securityholders and the Indenture Trustee or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments with respect to the Mortgage Loans and with respect to the Mortgaged Properties. The Company, the Indenture Trustee and the Custodian, as applicable, shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. On the Closing Date, the Company shall deliver to the Servicer a power of attorney substantially in the form of Exhibit B hereto. If the Mortgage relating to a Mortgage Loan did not have a lien senior on the related Mortgaged Property as of the Cut-Off Date, then the Servicer, in such capacity, may not consent to the placing of a lien senior to that of the Mortgage on the related Mortgaged Property. If the Mortgage relating to a Mortgage Loan had a lien senior to the Mortgage Loan on the related Mort gaged Property as of the Cut-Off Date, then the Servicer, in such capacity, may consent to the refinancing of such senior lien; PROVIDED that (i) the resulting Combined Loan-to-Value Ratio of such Mortgage Loan is no higher than the Combined Loan-to-Value Ratio prior to such refinancing and (ii) the interest rate for the loan evidencing the refinanced senior lien on the date of such refinancing is no higher than the interest rate on the loan evidencing the existing senior lien immediately prior to the date of such refinancing. The relationship of the Servicer (and of any successor to the Servicer as servicer under this Servicing Agreement) to the Company under this Servicing Agreement is intended by the parties to be that of an independent contractor and not that of a joint venturer, partner or agent.\n(b) The Servicer has entered into Initial Subservicing Agreements with the Initial Subservicers for the servicing and administration of the Mortgage Loans and may enter into additional Sub servicing Agreements with Subservicers for the servicing and administration of certain of the Mortgage Loans. References in this Servicing Agreement to actions taken or to be taken by the Servicer in servicing the Mortgage Loans include actions taken or to be taken by a Subservicer on behalf of the Servicer and any amount received by such Subservicer in respect of a Mortgage Loan shall be deemed to have been received by the Servicer whether or not actually received by the Servicer. Each Subservicing Agreement will be upon such terms and conditions as are not inconsistent with this Servicing Agreement and as the Servicer and the Subservicer have agreed. With the approval of the Servicer, a Subservicer may delegate its servicing obligations to third-party servicers, but such Subservicers will remain obligated under the related Subservicing Agreements. The Servicer and the Subservicer may enter into amendments to the related Subservicing Agreements; PROVIDED, HOWEVER, that any such amendments shall be consistent with and not violate the provisions of this Servicing Agreement. The Servicer shall be entitled to terminate any Subservicing Agreement in accordance with the terms and conditions thereof and without any limitation by virtue of this Servicing Agreement; PROVIDED, HOWEVER, that in the event of termination of any Subservicing Agreement by the Servicer or the Subservicer, the Servicer shall either act as servicer of the related Mortgage Loan or enter into a Subservicing Agreement with a successor Subservicer which will be bound by the terms of the related Subservicing Agreement. The Servicer shall be entitled to enter into any agreement with a Subservicer for indemnification of the Servicer and nothing contained in this Servicing Agreement shall be deemed to limit or modify such indemnification. In the event that the rights, duties and obligations of the Servicer are terminated hereunder, any successor to the Servicer in its sole discretion may, to the extent permitted by applicable law, terminate the existing Subservicing Agreement with any Subservicer in accordance with the terms of the applicable Subservicing Agreement or assume the terminated Servicer's rights and obligations under such subservicing arrangements which termination or assumption will not violate the terms of such arrangements. As part of its servicing activities hereunder, the Servicer, for the benefit of the Company, shall use reasonable efforts to enforce the obligations of each Subservicer under the related Subservicing Agreement, to the extent that the non-performance of any such obligation would have material and adverse effect on a Mortgage Loan. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Subservicing Agreements and the pursuit of other appropriate remedies, shall be in such form and carried out to such an extent and at such time as the Servicer, in its good faith business judgment, would require were it the owner of the related Mortgage Loans. The Servicer shall pay the costs of such enforcement at its own expense, and shall be reimbursed therefor only (i) from a general recovery resulting from such enforcement to the extent, if any, that such recovery exceeds all amounts due in respect of the related Mortgage Loan or (ii) from a specific recovery of costs, expenses or attorneys fees against the party against whom such enforcement is directed.", "samples": [{"hash": "jOUGFDzdofB", "uri": "/contracts/jOUGFDzdofB#the-servicer", "label": "Servicing Agreement (Salomon Brothers Mortgage Securities Vii Inc)", "score": 18.0, "published": true}, {"hash": "fZuP0TABqWA", "uri": "/contracts/fZuP0TABqWA#the-servicer", "label": "Servicing Agreement (WMC Secured Assets Corp)", "score": 18.0, "published": true}, {"hash": "eYGR9zW9a1M", "uri": "/contracts/eYGR9zW9a1M#the-servicer", "label": "Servicing Agreement (DLJ Mortgage Acceptance Corp)", "score": 18.0, "published": true}], "snippet_links": [{"key": "in-the-same-manner", "type": 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"type": "clause", "offset": [4001, 4016]}, {"key": "amendments-to-the", "type": "clause", "offset": [4153, 4170]}, {"key": "the-provisions-of-this", "type": "clause", "offset": [4289, 4311]}, {"key": "the-terms-and-conditions", "type": "definition", "offset": [4423, 4447]}, {"key": "termination-of", "type": "definition", "offset": [4562, 4576]}, {"key": "act-as-servicer", "type": "clause", "offset": [4666, 4681]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [4689, 4710]}, {"key": "successor-subservicer", "type": "clause", "offset": [4757, 4778]}, {"key": "terms-of-the", "type": "clause", "offset": [4806, 4818]}, {"key": "to-enter", "type": "definition", "offset": [4882, 4890]}, {"key": "indemnification-of-the-servicer", "type": "clause", "offset": [4933, 4964]}, {"key": "nothing-contained-in-this", "type": "clause", "offset": [4969, 4994]}, {"key": "the-rights", "type": "clause", "offset": [5090, 5100]}, {"key": "obligations-of-the-servicer", "type": "clause", "offset": [5113, 5140]}, {"key": "sole-discretion", "type": "clause", "offset": [5204, 5219]}, {"key": "to-the-extent", "type": "clause", "offset": [5225, 5238]}, {"key": "applicable-law", "type": "clause", "offset": [5252, 5266]}, {"key": "the-applicable", "type": "clause", "offset": [5367, 5381]}, {"key": "agreement-or", "type": "definition", "offset": [5395, 5407]}, {"key": "rights-and-obligations", "type": "clause", "offset": [5441, 5463]}, {"key": "subservicing-arrangements", "type": "clause", "offset": [5475, 5500]}, {"key": "of-the-company", "type": "clause", "offset": [5659, 5673]}, {"key": "reasonable-efforts", "type": "definition", "offset": [5685, 5703]}, {"key": "obligations-of-each", "type": "clause", "offset": [5719, 5738]}, {"key": "the-non", "type": "clause", "offset": [5812, 5819]}, {"key": "material-and-adverse-effect", "type": "definition", "offset": [5866, 5893]}, {"key": "without-limitation", "type": "clause", "offset": [5943, 5961]}, {"key": "prosecution-of-claims", "type": "definition", "offset": [5973, 5994]}, {"key": "other-appropriate-remedies", "type": "definition", "offset": [6054, 6080]}, {"key": "good-faith", "type": "clause", "offset": [6179, 6189]}, {"key": "business-judgment", "type": "clause", "offset": [6190, 6207]}, {"key": "the-owner", "type": "definition", "offset": [6231, 6240]}, {"key": "costs-of", "type": "definition", "offset": [6299, 6307]}, {"key": "a-general", "type": "clause", "offset": [6392, 6401]}, {"key": "resulting-from", "type": "definition", "offset": [6411, 6425]}, {"key": "all-amounts-due", "type": "clause", "offset": [6493, 6508]}, {"key": "recovery-of-costs", "type": "clause", "offset": [6573, 6590]}, {"key": "the-party", "type": "clause", "offset": [6627, 6636]}], "size": 136, "hash": "4a7dbd922302877d8afbb9d1bd61a88e", "id": 1}, {"snippet": "(a) The Servicer shall, or shall cause the Subservicers to, service and administer the Home Equity Loans in a manner consistent with the terms of this Agreement and the Settlement Agreement (to the extent that no term or provision of the Settlement Agreement (excluding those terms identified in the Specified Filing) shall adversely affect in any material respect the interests of the Noteholders) and with general industry practice and shall have full power and authority, acting alone or through the Subservicers, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable, it being understood, however, that the Servicer shall at all times remain responsible to the Indenture Trustee and the Noteholders for the performance of its duties and obligations hereunder in accordance with the terms hereof. Any amounts received by the related Subservicer in respect of a Home Equity Loan shall be deemed to have been received by the Servicer whether or not actually received by it. Without limiting the generality of the foregoing, the Servicer shall continue, and is hereby authorized and empowered by the Indenture Trustee, (i) in its own name or in the name of any Subservicer, when the Servicer or the Subservicer, as the case may be, believes it appropriate in its best judgment to register any Home Equity Loan on the MERS\u00ae System, or cause the removal from the registration of any Home Equity Loan on the MERS\u00ae System, to execute and deliver, on behalf of the Trust, any and all instruments of assignment and other comparable instruments with respect to such assignment or re-recording of a Mortgage in the name of MERS, solely as nominee for the Trust and its successors and assigns, and (ii) to execute and deliver, on behalf of itself, the Noteholders and the Indenture Trustee or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge and all other comparable instruments, with respect to the Home Equity Loans and with respect to the Mortgaged Properties. Upon the written request of the Servicer, the Depositor and the Indenture Trustee shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties hereunder. The Servicer in such capacity may also consent to the placing of a proposed lien senior to that of the Mortgage on the related Mortgaged Property, provided that such proposed lien is not secured by a note providing for negative amortization and:\n(i) the Mortgage relating to the Home Equity Loan was in a first lien position as of the Cut-Off Date and was in a first lien position immediately prior to the placement of the proposed senior lien, and (ii) the ratio of (a) the sum of the Principal Balance of the Home Equity Loan and the principal balance of the mortgage loan to be secured by the proposed senior lien to (b) the Appraised Value of the Mortgaged Property at the time the Home Equity Loan was originated is not greater than (1) with respect to Home Equity Loans with an original CLTV of 85% or less, 85%, (2) with respect to Home Equity Loans with an original CLTV in excess of 85% and not greater than 95%, 95% and (3) with respect to Home Equity Loans with an original CLTV in excess of 95% and not greater than 110%, 110%;\n(i) the Mortgage relating to the Home Equity Loan was in a first or second lien position at the time the related Home Equity Loan was conveyed to the Trust and, immediately following the placement of such proposed senior lien, such Mortgage will be in a second or, if such Mortgage was in a second lien position at the time the related Home Equity Loan was conveyed to the Trust, a third lien position and (ii) the principal balance of the mortgage loan to be secured by the proposed senior lien and the rate at which interest accrues thereon are no greater than those of the related Home Equity Loan as of the date it was first conveyed to the Trust; or", "samples": [{"hash": "g6Us0xB7gBP", "uri": "/contracts/g6Us0xB7gBP#the-servicer", "label": "Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-2)", "score": 21.0, "published": true}, {"hash": "8iW5a8qH83E", "uri": "/contracts/8iW5a8qH83E#the-servicer", "label": "Sale and Servicing Agreement (HSBC Home Equity Loan Corp I)", "score": 21.0, "published": true}, {"hash": "7YSD5y8647i", "uri": "/contracts/7YSD5y8647i#the-servicer", "label": "Sale and Servicing Agreement (HSBC Home Equity Loan Trust (USA) 2006-1)", "score": 21.0, "published": true}], "snippet_links": [{"key": "the-subservicers", "type": "clause", "offset": [39, 55]}, {"key": "home-equity-loans", "type": "definition", "offset": [87, 104]}, {"key": "terms-of-this-agreement", "type": "clause", "offset": [137, 160]}, {"key": "the-settlement-agreement", "type": "clause", "offset": [165, 189]}, {"key": "to-the-extent", "type": "clause", "offset": [191, 204]}, {"key": "no-term", "type": "clause", "offset": [210, 217]}, {"key": "provision-of-the", "type": "clause", "offset": [221, 237]}, {"key": "those-terms", "type": "clause", "offset": [270, 281]}, {"key": "specified-filing", "type": "definition", "offset": [300, 316]}, {"key": "adversely-affect", "type": "definition", "offset": [324, 340]}, {"key": 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Merger or Consolidation of the Servicer. Section 7.02. Limitation on Liability of the Servicer and Others. Section 7.03. Limitation on Resignation and Assignment by the Servicer.", "samples": [{"hash": "9ejglPJwI7d", "uri": "/contracts/9ejglPJwI7d#the-servicer", "label": "Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2003-Bc11)", "score": 21.0, "published": true}, {"hash": "kX5bV98s1Ru", "uri": "/contracts/kX5bV98s1Ru#the-servicer", "label": "Securitization Subservicing Agreement (Structured Asset Securities Corp 2005-S2)", "score": 19.0, "published": true}, {"hash": "kHrqsxAj4mS", "uri": "/contracts/kHrqsxAj4mS#the-servicer", "label": "Securitization Subservicing Agreement (Structured Asset Investment Loan Trust 2004-8)", "score": 19.0, "published": true}], "snippet_links": [{"key": "merger-or-consolidation-of-the-servicer", "type": "clause", "offset": [14, 53]}, {"key": "limitation-on-liability-of-the-servicer-and-others", "type": "clause", "offset": [69, 119]}, {"key": "limitation-on-resignation-and-assignment-by-the-servicer", "type": "clause", "offset": [135, 191]}], "size": 82, "hash": "57b5d94f2995223e46efe8e8c41884d5", "id": 2}, {"snippet": "(a) It is intended that the Trust formed hereunder shall constitute, and that the affairs of the Trust shall be conducted so as to qualify each REMIC as, a \"real estate mortgage investment conduit\" (\"REMIC\") as defined in and in accordance with the REMIC Provisions. In furtherance of such intentions, the Servicer covenants and agrees that it shall not knowingly or intentionally take any action or omit to take any action that would cause the termination of the REMIC status of either REMIC.\n(b) The Servicer, as independent contract servicer, shall service and administer the Mortgage Loans and shall have full power and authority, acting alone, to do any and all things in connection with such servicing and administration which the Servicer may deem necessary or desirable and consistent with the terms of this Agreement. The Servicer may enter into Subservicing Agreements for any servicing and administration of Mortgage Loans with any institution which (i) is in compliance with the laws of each state necessary to enable it to perform its obligations under such Subservicing Agreement and (ii) (x) has been designated an approved Seller-Servicer by FHLMC or FNMA for first and second mortgage loans or (y) is an affiliate of the Servicer. The Servicer shall give notice to the Trustee of the appointment of any Subservicer. Any such Subservicing Agreement shall be consistent with and not violate the provisions of this Agreement. The Servicer shall be entitled to terminate any Subservicing Agreement in accordance with the terms and conditions of such Subservicing Agreement and either itself directly service the related Mortgage Loans or enter into a Subservicing Agreement with a successor subservicer which qualifies hereunder.\n(c) Notwithstanding any Subservicing Agreement or any of the provisions of this Agreement relating to agreements or arrangements between the Servicer and a Subservicer or reference to actions taken through a Subservicer or otherwise, the Servicer shall remain obligated and primarily liable for the servicing and administering of the Mortgage Loans in accordance with the provisions of this Agreement without diminution of such obligation or liability by virtue of such Subservicing Agreements or arrangements or by virtue of indemnification from the Subservicer and to the same extent and under the same terms and conditions as if the Servicer alone were servicing and administering the Mortgage Loans. For purposes of this Agreement, the Servicer shall be deemed to have received payments on Mortgage Loans when the Subservicer has received such payments. The Servicer shall be entitled to enter into any agreement with a Subservicer for indemnification of the Servicer by such Subservicer, and nothing contained in this Agreement shall be deemed to limit or modify such indemnification.\n(d) Any Subservicing Agreement that may be entered into and any transactions or services relating to the Mortgage Loans involving a Subservicer in its capacity as such and not as an originator shall be deemed to be between the Subservicer and the Servicer alone, and the Trustee and Certificateholders shall not be deemed parties thereto and shall have no claims, rights, obligations, duties or liabilities with respect to the Subservicer except as set forth in Section 3.01(e). The Servicer shall be solely liable for all fees owed by it to any Subservicer irrespective of whether the Servicer's compensation pursuant to this Agreement is sufficient to pay such fees.\n(e) In the event the Servicer shall for any reason no longer be the Servicer (including by reason of an Event of Default), the Trustee or its designee shall thereupon assume all of the rights and obligations of the Servicer under each Subservicing Agreement that the Servicer may have entered into, unless the Trustee or designee elects to terminate any Subservicing Agreement. Any fee payable in connection with such a termination will be payable by the outgoing Servicer. If the Trustee does not terminate the Subservicing Agreements, the Trustee, its designee or the successor servicer for the Trustee shall be deemed to have assumed all of the Servicer's interest therein and to have replaced the Servicer as a party to each Subservicing Agreement to the same extent as if the Subservicing Agreements had been assigned to the assuming party, except that the Servicer shall not thereby be relieved of any liability or obligations under the Subservicing Agreements with regard to events that occurred prior to the date the Servicer ceased to be the Servicer hereunder. The Servicer, at its expense and without right of reimbursement therefor, shall, upon the request of the Trustee, deliver to the assuming party all documents and records relating to each Subservicing Agreement and the Mortgage Loans then being serviced and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Subservicing Agreements to the assuming party.\n(f) Consistent with the terms of this Agreement, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if in the Servicer's good faith determination such waiver, modification, postponement or indulgence is not materially adverse to the interests of the Certificateholders, provided, however, that (unless (x) the Mortgagor is in default with respect to the Mortgage Loan, or such default is, in the judgment of the Servicer, imminent, and (y) such waiver, modification, postponement or indulgence would not cause any REMIC to be disqualified or otherwise cause a tax to be imposed on either REMIC) the Servicer may not permit any modification with respect to any Mortgage Loan that would change the Loan Rate, defer or forgive the payment of any principal or interest (unless in connection with the liquidation of the related Mortgage Loan) or extend the final maturity date on the Mortgage Loan. No costs incurred by the Servicer or any Subservicer in respect of Servicing Advances shall, for the purposes of distributions to Certificateholders, be added to the amount owing under the related Mortgage Loan. Without limiting the generality of the foregoing, the Servicer shall continue, and is hereby authorized and empowered to execute and deliver on behalf of the Trustee and each Certificateholder, all instruments of satisfaction or cancellation, or of partial or full release, discharge and all other comparable instruments with respect to the Mortgage Loans and with respect to the Mortgaged Properties. If reasonably required by the Servicer, the Trustee shall furnish the Servicer with any powers of attorney and other documents necessary or appropriate to enable the Servicer to carry out its servicing and administrative duties under this Agreement. Notwithstanding anything to the contrary contained herein, the Servicer, in servicing and administering the Mortgage Loans, shall employ or cause to be employed procedures (including collection, foreclosure and REO Property management procedures) and exercise the same care that it customarily employs and exercises in servicing and administering mortgage loans for its own account, in accordance with accepted mortgage servicing practices of prudent lending institutions servicing mortgage loans similar to the Mortgage Loans and giving due consideration to the Certificateholders' reliance on the Servicer.\n(g) On and after such time as the Trustee receives the resignation of, or notice of the removal of, the Servicer from its rights and obligations under this Agreement, and with respect to resignation pursuant to Section 7.04, after receipt by the Trustee of the Opinion of Counsel required pursuant to Section 7.04, the Trustee shall assume all of the rights and obligations of the Servicer, subject to Section 8.", "samples": [{"hash": "jDbV9rwVF1I", "uri": "/contracts/jDbV9rwVF1I#the-servicer", "label": "Pooling and Servicing Agreement (Delta Funding Corp /De/)", "score": 18.0, "published": true}, {"hash": "i1O1NElp2dC", "uri": "/contracts/i1O1NElp2dC#the-servicer", "label": "Pooling and Servicing Agreement (Delta Funding Corp /De/)", "score": 18.0, "published": true}, {"hash": "em2xbUma0Rt", "uri": "/contracts/em2xbUma0Rt#the-servicer", "label": "Pooling and Servicing Agreement (Delta Funding Corp /De/)", "score": 18.0, "published": true}], "snippet_links": [{"key": "of-the-trust", "type": "clause", "offset": [90, 102]}, {"key": "to-qualify", "type": "clause", "offset": [128, 138]}, {"key": "each-remic", "type": "definition", "offset": [139, 149]}, {"key": "real-estate-mortgage-investment-conduit", "type": "definition", "offset": [157, 196]}, {"key": "remic-provisions", "type": "clause", "offset": [249, 265]}, {"key": "servicer-covenants", "type": "clause", "offset": 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"affiliate-of", "type": "definition", "offset": [1221, 1233]}, {"key": "notice-to-the-trustee", "type": "clause", "offset": [1272, 1293]}, {"key": "appointment-of", "type": "clause", "offset": [1301, 1315]}, {"key": "terms-and-conditions-of", "type": "clause", "offset": [1534, 1557]}, {"key": "successor-subservicer", "type": "clause", "offset": [1694, 1715]}, {"key": "agreement-or", "type": "definition", "offset": [1780, 1792]}, {"key": "relating-to", "type": "definition", "offset": [1833, 1844]}, {"key": "agreements-or-arrangements", "type": "clause", "offset": [1845, 1871]}, {"key": "reference-to", "type": "definition", "offset": [1914, 1926]}, {"key": "actions-taken", "type": "clause", "offset": [1927, 1940]}, {"key": "primarily-liable", "type": "definition", "offset": [2017, 2033]}, {"key": "of-the-mortgage-loans", "type": "clause", "offset": [2070, 2091]}, {"key": "in-accordance-with-the-provisions-of-this-agreement", "type": "definition", "offset": [2092, 2143]}, {"key": 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"clause", "offset": [4505, 4517]}, {"key": "servicer-hereunder", "type": "clause", "offset": [4553, 4571]}, {"key": "right-of-reimbursement", "type": "clause", "offset": [4614, 4636]}, {"key": "the-request", "type": "clause", "offset": [4659, 4670]}, {"key": "deliver-to", "type": "definition", "offset": [4687, 4697]}, {"key": "documents-and-records", "type": "clause", "offset": [4721, 4742]}, {"key": "being-serviced", "type": "clause", "offset": [4811, 4825]}, {"key": "efforts-to-effect", "type": "clause", "offset": [4907, 4924]}, {"key": "transfer-of-the", "type": "clause", "offset": [4951, 4966]}, {"key": "term-of", "type": "clause", "offset": [5106, 5113]}, {"key": "consent-to", "type": "clause", "offset": [5135, 5145]}, {"key": "strict-compliance", "type": "definition", "offset": [5166, 5183]}, {"key": "good-faith-determination", "type": "clause", "offset": [5275, 5299]}, {"key": "materially-adverse", "type": "definition", "offset": [5361, 5379]}, {"key": "the-interests", "type": "clause", "offset": [5383, 5396]}, {"key": "the-mortgagor", "type": "clause", "offset": [5460, 5473]}, {"key": "in-default", "type": "clause", "offset": [5477, 5487]}, {"key": "the-judgment", "type": "clause", "offset": [5546, 5558]}, {"key": "loan-rate", "type": "definition", "offset": [5850, 5859]}, {"key": "payment-of", "type": "clause", "offset": [5882, 5892]}, {"key": "principal-or-interest", "type": "clause", "offset": [5897, 5918]}, {"key": "related-mortgage-loan", "type": "definition", "offset": [5969, 5990]}, {"key": "final-maturity-date", "type": "definition", "offset": [6006, 6025]}, {"key": "costs-incurred", "type": "definition", "offset": [6051, 6065]}, {"key": "by-the-servicer", "type": "clause", "offset": [6066, 6081]}, {"key": "in-respect-of", "type": "clause", "offset": [6101, 6114]}, {"key": "servicing-advances", "type": "definition", "offset": [6115, 6133]}, {"key": "for-the-purposes-of", "type": "clause", "offset": [6141, 6160]}, {"key": "distributions-to-certificateholders", "type": "clause", "offset": [6161, 6196]}, {"key": "amount-owing", "type": "definition", "offset": [6214, 6226]}, {"key": "without-limiting-the-generality-of-the-foregoing", "type": "clause", "offset": [6260, 6308]}, {"key": "execute-and-deliver", "type": "clause", "offset": [6381, 6400]}, {"key": "on-behalf-of", "type": "definition", "offset": [6401, 6413]}, {"key": "all-instruments", "type": "clause", "offset": [6454, 6469]}, {"key": "full-release", "type": "clause", "offset": [6520, 6532]}, {"key": "mortgaged-properties", "type": "clause", "offset": [6640, 6660]}, {"key": "required-by", "type": "definition", "offset": [6676, 6687]}, {"key": "powers-of-attorney", "type": "clause", "offset": [6750, 6768]}, {"key": "and-other-documents", "type": "clause", "offset": [6769, 6788]}, {"key": "administrative-duties", "type": "clause", "offset": [6868, 6889]}, {"key": "notwithstanding-anything-to-the-contrary-contained", "type": "clause", "offset": [6912, 6962]}, {"key": "property-management-procedures", "type": "clause", "offset": [7127, 7157]}, {"key": "and-exercise", "type": "clause", "offset": [7159, 7171]}, {"key": "for-its-own-account", "type": "clause", "offset": [7274, 7293]}, {"key": "servicing-practices", "type": "clause", "offset": [7332, 7351]}, {"key": "lending-institutions", "type": "clause", "offset": [7363, 7383]}, {"key": "similar-to", "type": "definition", "offset": [7409, 7419]}, {"key": "due-consideration", "type": "definition", "offset": [7450, 7467]}, {"key": "reliance-on", "type": "clause", "offset": [7495, 7506]}, {"key": "notice-of-the", "type": "clause", "offset": [7595, 7608]}, {"key": "removal-of", "type": "definition", "offset": [7609, 7619]}, {"key": "rights-and-obligations-under-this-agreement", "type": "clause", "offset": [7643, 7686]}, {"key": "pursuant-to-section", "type": "clause", "offset": [7720, 7739]}, {"key": "by-the-trustee", "type": "clause", "offset": [7760, 7774]}, {"key": "opinion-of-counsel-required", "type": "clause", "offset": [7782, 7809]}, {"key": "subject-to-section-8", "type": "clause", "offset": [7912, 7932]}], "size": 75, "hash": "3c65539913770af3bb2b05001be398e7", "id": 3}, {"snippet": "Washington Mutual Bank shall act as Servicer to service and administer the Mortgage Loans on behalf of the Trust in accordance with the terms hereof, consistent with prudent mortgage loan servicing practices and (unless inconsistent with prudent mortgage loan servicing practices) in the same manner in which, and with the same care, skill, prudence and diligence with which, it services and administers similar mortgage loans for other portfolios, and shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which a prudent servicer of mortgage loans would do under similar circumstances, including, without limitation, the power and authority to bring actions and defend the Mortgage Pool Assets on behalf of the Trust in order to enforce the terms of the Mortgage Notes. The Servicer may perform its servicing responsibilities through agents or independent contractors, but shall not thereby be released from any of its responsibilities hereunder and the Servicer shall diligently pursue all of its rights against such agents or independent contractors. The Servicer shall make reasonable efforts to collect or cause to be collected all payments called for under the terms and provisions of the Mortgage Loans and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any Primary Insurance Policy, any FHA insurance policy or VA guaranty, any hazard insurance policy, and federal flood insurance, cause to be followed such collection procedures as are followed with respect to mortgage loans comparable to the Mortgage Loans and held in portfolios of responsible mortgage lenders in the local areas where each Mortgaged Property is located. The Servicer shall enforce \u201cdue-on-sale\u201d clauses with respect to the related Mortgage Loans, to the extent permitted by law, subject to the provisions set forth in Section 3.08. Consistent with the foregoing, the Servicer may, in accordance with prudent mortgage loan servicing practices, (i) waive or cause to be waived any assumption fee or late payment charge in connection with the prepayment of any Mortgage Loan and (ii) only upon determining that the coverage of any applicable insurance policy or guaranty related to a Mortgage Loan will not be materially adversely affected, arrange a schedule, running for no more than 180 days after the first delinquent Due Date, for payment of any delinquent installment on any Mortgage Note or for the liquidation of delinquent items. Consistent with the terms of this Section 3.01, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected by such waiver, modification, postponement or indulgence; provided, however, that (unless the Mortgagor is in default with respect to the Mortgage Loan or in the reasonable judgment of the Servicer such default is imminent) the Servicer shall not permit any modification with respect to any Mortgage Loan that would (i) change the applicable Mortgage Interest Rate, defer or forgive the payment of any principal or interest, reduce the outstanding principal balance (except for actual payments of principal) or extend the final maturity date with respect to such Mortgage Loan, or (ii) be inconsistent with the terms of any applicable Primary Insurance Policy, FHA insurance policy, VA guaranty, hazard insurance policy or federal flood insurance policy. Notwithstanding the foregoing, the Servicer shall not permit any modification with respect to any Mortgage Loan that would both constitute a sale or exchange of such Mortgage Loan within the meaning of Section 1001 of the Code (including any proposed, temporary or final regulations promulgated thereunder) (other than in connection with a proposed conveyance or assumption of such Mortgage Loan that is treated as a Principal Prepayment or in a default situation) and cause any REMIC to fail to qualify as such under the Code. The Servicer shall be entitled to approve a request from a Mortgagor for a partial release of the related Mortgaged Property, the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property or other similar matters if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby and that REMIC I and REMIC II would not fail to continue to qualify as REMICs under the Code as a result thereof and that no tax on \u201cprohibited transactions\u201d or \u201ccontributions\u201d after the startup day would be imposed on any REMIC as a result thereof. The Servicer is hereby authorized and empowered by the Trust to, and shall, execute and deliver or cause to be executed and delivered on behalf of the Holders of the REMIC I Regular Interests and the Class R-1 Residual Interest, and the Trust or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release, discharge or modification, assignments of Mortgages and endorsements of Mortgage Notes in connection with refinancings (in jurisdictions where such assignments are the customary and usual standard of practice of mortgage lenders) and all other comparable instruments, with respect to the Mortgage Loans and with respect to the Mortgaged Properties. The Servicer is hereby further authorized and empowered by the Trust to execute and deliver or cause to be executed and delivered on behalf of the Holders of the REMIC I Regular Interests and the Class R-1 Residual Interest and the Trust, or any of them, such instruments of assignment or other comparable instruments as the Servicer shall, in its sole judgment, deem appropriate in order to register any Mortgage Loan on the MERS\u00ae System or to cause the removal of any Mortgage Loan from registration thereon. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Servicer with no right of reimbursement; provided, however, that any such expenses incurred as a result of any termination by MERS of the MERS\u00ae System shall be reimbursable to the Servicer. The Trustee on behalf of the Trust shall execute and furnish to the Servicer, at the Servicer\u2019s direction, any powers of attorney and other documents prepared by the Servicer and determined by the Servicer to be necessary or appropriate to enable the Servicer to carry out its supervisory, servicing and administrative duties under this Agreement. The Servicer shall obtain (to the extent generally commercially available) and maintain fidelity bond and errors and omissions coverage acceptable to \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 or Freddie Mac with respect to its obligations under this Agreement. The Servicer shall establish escrow accounts for, or pay when due (by means of an advance), any tax liens in connection with the Mortgaged Properties that are not paid by the Mortgagors when due to the extent that any such payment would not constitute a Nonrecoverable Advance when made. In connection with the servicing and administering of each Mortgage Loan, the Servicer and any affiliate of the Servicer (i) may perform services such as appraisals, default management and (in the case of affiliates only) brokerage services that are not customarily provided by servicers of mortgage loans, and shall be entitled to reasonable compensation therefor and (ii) may, at its own discretion and on behalf of the Trust, obtain credit information in the form of a \u201ccredit score\u201d from a credit repository.", "samples": [{"hash": "eksJbsCASfA", "uri": "/contracts/eksJbsCASfA#the-servicer", "label": "Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-3)", "score": 21.0, "published": true}, {"hash": "8AkiXMKcwry", "uri": "/contracts/8AkiXMKcwry#the-servicer", "label": "Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2005-5)", "score": 21.0, "published": true}, {"hash": 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[7650, 7666]}, {"key": "default-management", "type": "clause", "offset": [7687, 7705]}, {"key": "in-the-case", "type": "clause", "offset": [7711, 7722]}, {"key": "brokerage-services", "type": "definition", "offset": [7743, 7761]}, {"key": "reasonable-compensation", "type": "definition", "offset": [7853, 7876]}, {"key": "credit-information", "type": "clause", "offset": [7957, 7975]}, {"key": "form-of", "type": "clause", "offset": [7983, 7990]}, {"key": "credit-score", "type": "definition", "offset": [7994, 8006]}, {"key": "credit-repository", "type": "clause", "offset": [8015, 8032]}], "size": 60, "hash": "919d7ed4d7a0cb415532a2e41de4f574", "id": 4}, {"snippet": "Section 7.01. Merger or Consolidation of the Servicer.", "samples": [{"hash": "jB76vwFee5v", "uri": "/contracts/jB76vwFee5v#the-servicer", "label": "Securitization Subservicing Agreement (Structured Asset Securities Corp 2005-S6)", "score": 19.0, "published": true}, {"hash": "ihhxcdzO4Fi", "uri": "/contracts/ihhxcdzO4Fi#the-servicer", "label": "Securitization Subservicing Agreement (Structured Asset Investment Loan Trust 2004-Bnc2)", "score": 19.0, "published": true}, {"hash": "iWrX8aOEMbn", "uri": "/contracts/iWrX8aOEMbn#the-servicer", "label": "Securitization Subservicing Agreement (Structured Asset Inv Loan Tr Mort Pass-THR Cert Ser 2004-1)", "score": 19.0, "published": true}], "snippet_links": [{"key": "merger-or-consolidation-of-the-servicer", "type": "clause", "offset": [14, 53]}], "size": 33, "hash": "d0a8be5bd8d19f4e0ce5d5e32ac65723", "id": 8}, {"snippet": "Washington Mutual Bank shall act as Servicer to service and administer the Mortgage Loans on behalf of the Trust in accordance with the terms hereof, consistent with prudent mortgage loan servicing practices and (unless inconsistent with prudent mortgage loan servicing practices) in the same manner in which, and with the same care, skill, prudence and diligence with which, it services and administers similar mortgage loans for other portfolios, and shall have full power and authority to do or cause to be done any and all things in connection with such servicing and administration which a prudent servicer of mortgage loans would do under similar circumstances, including, without limitation, the power and authority to bring actions and defend the Mortgage Pool Assets on behalf of the Trust in order to enforce the terms of the Mortgage Notes. The Servicer may perform its servicing responsibilities through subservicers or other agents or independent contractors, but shall not thereby be released from any of its responsibilities hereunder and the Servicer shall diligently pursue all of its rights against such subservicers or other agents or independent contractors; provided, however, that the Servicer shall, if such reports are required to be filed with the Commission as an exhibit to a Report on Form 10-K, (i) cause each such party, if determined by the Servicer to be a party participating in the servicing function within the meaning of Item 1122 of Regulation AB, to deliver to the Servicer the report on assessment of compliance with applicable servicing criteria and the accounting firm\u2019s attestation report described in Section 3.13(c) and (ii) cause each such party, if determined by the Servicer to meet the criteria in Item 1108(a)(2)(i) through (iii) of Regulation AB, to deliver to the Servicer the statement of compliance described in Section 3.13(e). The Servicer shall make reasonable efforts to collect or cause to be collected all payments called for under the terms and provisions of the Mortgage Loans and shall, to the extent such procedures shall be consistent with this Agreement and the terms and provisions of any Primary Insurance Policy, any FHA insurance policy or VA guaranty, any hazard insurance policy, and federal flood insurance, cause to be followed such collection procedures as are followed with respect to mortgage loans comparable to the Mortgage Loans and held in portfolios of responsible mortgage lenders in the local areas where each Mortgaged Property is located. The Servicer shall enforce \u201cdue-on-sale\u201d clauses with respect to the related Mortgage Loans, to the extent permitted by law, subject to the provisions set forth in Section 3.08. Consistent with the foregoing, the Servicer may, in accordance with prudent mortgage loan servicing practices, (i) waive or cause to be waived any assumption fee or late payment charge in connection with the prepayment of any Mortgage Loan and (ii) only upon determining that the coverage of any applicable insurance policy or guaranty related to a Mortgage Loan will not be materially adversely affected, arrange a schedule, running for no more than 180 days after the first delinquent Due Date, for payment of any delinquent installment on any Mortgage Note or for the liquidation of delinquent items. Consistent with the terms of this Section 3.01, the Servicer may waive, modify or vary any term of any Mortgage Loan or consent to the postponement of strict compliance with any such term or in any manner grant indulgence to any Mortgagor if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected by such waiver, modification, postponement or indulgence; provided, however, that (unless the Mortgagor is in default with respect to the Mortgage Loan or in the reasonable judgment of the Servicer such default is imminent) the Servicer shall not permit any modification with respect to any Mortgage Loan that would (i) change the applicable Mortgage Interest Rate, defer or forgive the payment of any principal or interest, reduce the outstanding principal balance (except for actual payments of principal) or extend the final maturity date with respect to such Mortgage Loan, or (ii) be inconsistent with the terms of any applicable Primary Insurance Policy, FHA insurance policy, VA guaranty, hazard insurance policy or federal flood insurance policy. Notwithstanding the foregoing, the Servicer shall not permit any modification with respect to any Mortgage Loan that would both constitute a sale or exchange of such Mortgage Loan within the meaning of Section 1001 of the Code (including any proposed, temporary or final regulations promulgated thereunder) (other than in connection with a proposed conveyance or assumption of such Mortgage Loan that is treated as a Principal Prepayment or in a default situation) and cause any REMIC to fail to qualify as such under the Code. The Servicer shall be entitled to approve a request from a Mortgagor for a partial release of the related Mortgaged Property, the granting of an easement thereon in favor of another Person, any alteration or demolition of the related Mortgaged Property or other similar matters if it has determined, exercising its good faith business judgment in the same manner as it would if it were the owner of the related Mortgage Loan, that the security for, and the timely and full collectability of, such Mortgage Loan would not be adversely affected thereby and that REMIC I, REMIC II and \u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 would not fail to continue to qualify as REMICs under the Code as a result thereof and that no tax on \u201cprohibited transactions\u201d or \u201ccontributions\u201d after the startup day would be imposed on any REMIC as a result thereof. The Servicer is hereby authorized and empowered by the Trust to, and shall, execute and deliver or cause to be executed and delivered on behalf of the Holders of the Certificates, the Trustee and the Trust or any of them, any and all instruments of satisfaction or cancellation, or of partial or full release, discharge or modification, assignments of Mortgages and endorsements of Mortgage Notes in connection with refinancings (in jurisdictions where such assignments are the customary and usual standard of practice of mortgage lenders) and all other comparable instruments, with respect to the Mortgage Loans and with respect to the Mortgaged Properties. The Servicer is hereby further authorized and empowered by the Trust to execute and deliver or cause to be executed and delivered on behalf of the Holders of the Certificates, the Trustee and the Trust, or any of them, such instruments of assignment or other comparable instruments as the Servicer shall, in its sole judgment, deem appropriate in order to register any Mortgage Loan on the MERS\u00ae System or to cause the removal of any Mortgage Loan from registration thereon. Any expenses incurred in connection with the actions described in the preceding sentence shall be borne by the Servicer with no right of reimbursement; provided, however, that any such expenses incurred as a result of any termination by MERS of the MERS\u00ae System shall be reimbursable to the Servicer. The Trustee on behalf of the Trust shall execute and furnish to the Servicer, at the Servicer\u2019s direction, any powers of attorney and other documents prepared by the Servicer and determined by the Servicer to be necessary or appropriate to enable the Servicer to carry out its supervisory, servicing and administrative duties under this Agreement. The Servicer shall obtain (to the extent generally commercially available) and maintain fidelity bond and errors and omissions coverage acceptable to \u2587\u2587\u2587\u2587\u2587\u2587 \u2587\u2587\u2587 or Freddie Mac with respect to its obligations under this Agreement. The Servicer shall establish escrow accounts for, or pay when due (by means of an advance), any tax liens in connection with the Mortgaged Properties and premiums with respect to any insurance required to be maintained by the Servicer under Section 3.06 and 3.07, to the extent that such amounts are not paid by the Mortgagors when due and to the extent that any such payment would not constitute a Nonrecoverable Advance when made. In connection with the servicing and administering of each Mortgage Loan, the Servicer and any affiliate of the Servicer (i) may perform services such as appraisals, default management and (in the case of affiliates only) brokerage services that are not customarily provided by servicers of mortgage loans, and shall be entitled to reasonable compensation therefor and (ii) may, at its own discretion and on behalf of the Trust, obtain credit information in the form of a \u201ccredit score\u201d from a credit repository.", "samples": [{"hash": "ioOxNUgiMVR", "uri": "/contracts/ioOxNUgiMVR#the-servicer", "label": "Pooling and Servicing Agreement (Washington Mutual Mortgage Pass-Through Certificates, WMALT Series 2007-Hy2)", "score": 21.0, "published": true}, {"hash": "eKs0BTkgGam", "uri": "/contracts/eKs0BTkgGam#the-servicer", "label": "Pooling and Servicing Agreement (WaMu Mortgage Pass-Through Certificates, Series 2006-Ar16)", "score": 21.0, "published": true}, {"hash": "92gHLWdhyYN", 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