Reconstituted Servicing Agreement Sample Contracts

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Lehman Mortgage Trust 2007-10 – Reconstituted Servicing Agreement (December 14th, 2007)

Notwithstanding the foregoing, in the event the Custodial Account or any Escrow Account is held in a depository institution or trust company that ceases to be a Qualified Depository, the Servicer shall transfer such Custodial Account or Escrow Account, as the case may be, to a Qualified Depository within 30 days.

HSI Asset Loan Obligation Trust 2007-1 – Amendment to Reconstituted Servicing Agreement (December 5th, 2007)

THIS AMENDMENT TO RECONSTITUTED SERVICING AGREEMENT is dated as of December 3, 2007 (herein referred to as this "Amendment") and is made by and among HSBC BANK USA, NATIONAL ASSOCIATION, as seller (the "Seller"), HSI ASSET SECURITIZATION CORPORATION, as depositor (the "Depositor"), WELLS FARGO BANK, N.A., as servicer, (the "Servicer"), CITIMORTGAGE, INC., as master servicer, (the "Master Servicer") and is acknowledged by DEUTSCHE BANK NATIONAL TRUST COMPANY, a national banking association, as trustee (the "Trustee").

Hsi Asset Securitization Corp – Reconstituted Servicing Agreement (November 14th, 2007)

"Notwithstanding the foregoing provisions of Section 6.06, (i) in the event that during any calendar year (or applicable portion thereof) the Company services 5% or less of the mortgage loans in a Securitization Transaction, as calculated by the Master Servicer for such Securitization Transaction, or (ii) in any calendar year in which an annual report on Form 10-K is not required to be filed with respect to an issuing entity or Securitization Transaction, then, in each such event, the Company may, in lieu of providing an assessment of compliance and attestation thereon in accordance with Item 1122 of Regulation AB, provide (and cause each Subservicer and Subcontractor described in clause (a)(iii) above to provide) to the Depositor and the Master Servicer for such Securitization Transaction, by not later than March 1 of such calendar year, an Annual Independent Public Accountants'

HarborView 2007-7 – Reconstituted Servicing Agreement (October 17th, 2007)

Servicer agrees to complete such audits within the later of seventy (70) days after (i) Servicer's receipt of the Mortgage Note or (ii) Servicer's receipt of a complete and accurate data file as specified in the Transfer Instructions.

Structured Adjustable Rate Mortgage Loan Trust Series 2007-9 – Reconstituted Servicing Agreement (October 12th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Lehman Mortgage Trust 2007-9 – Reconstituted Servicing Agreement (October 12th, 2007)
Lehman XS Trust Series 2007-18N – Reconstituted Servicing Agreement (October 12th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Lehman XS Trust Series 2007-16N – Reconstituted Servicing Agreement (September 14th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Structured Asset Securities CORP Mortgage Loan Trust 2007-WF2 – Reconstituted Servicing Agreement (September 14th, 2007)

The foregoing requirements for deposit into the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges and assumption fees, to the extent permitted by Section 6.01, need not be deposited by the Company into the Custodial Account. Any interest paid on funds deposited in the Custodial Account by the depository institution shall accrue to the benefit of the Company and the Company shall be entitled to retain and withdraw such interest from the Custodial Account pursuant to Section 4.05.

Hsi Asset Securitization Corp – Reconstituted Servicing Agreement (August 15th, 2007)

The Servicer shall indemnify the Owner, the Depositor, the Trust Fund, the Trustee, the Securities Administrator and the Master Servicer and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that any of such parties may sustain due to the failure of the Servicer to perform its duties and service the Mortgage Loans in strict compliance with the terms of this Agreement (including, but not limited to its obligations to provide any information, report, certification, accountants' letter or other material pursuant to Sections 6.04 and 6.06 hereunder) or for any inaccurate or misleading information provided pursuant to Sections 6.04 and 6.06 hereunder. The Servicer immediately shall notify the Owner, the Master Servicer, the Securities Administrato

Lehman XS Trust Series 2007-15N – Reconstituted Servicing Agreement (August 15th, 2007)

Notwithstanding any other provisions of this Agreement, no REO Property acquired by the trust fund provided for in the Trust Agreement shall be rented (or allowed to continue to be rented) or otherwise used, held or disposed of by or on behalf of such trust fund in such a manner or pursuant to any terms that would: (i) cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Internal Revenue Code of 1986, as amended (the "Code"), or (ii) subject any REMIC provided for in the Trust Agreement to the imposition of any federal income taxes on income earned from such REO Property, including any taxes imposed by reason of Sections 860F or 860G of the Code, unless the Seller has agreed to indemnify and hold harmless the trust fund provided for in the Trust Agreement with respect to the imposition of any such taxes.

Lehman XS Trust Series 2007-15N – Reconstituted Servicing Agreement (August 15th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Lehman XS Trust Series 2007-15N – Reconstituted Servicing Agreement (August 15th, 2007)

Notwithstanding anything to the contrary contained in this Section 2.17, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Seller has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Trustee or the Master Servicer otherwise requests, an environmental inspection or review of such Mortgaged Property to be conducted by a qualified inspector shall be arranged by the Seller. Upon completion of the inspection, the Seller shall provide the Trustee and the Master Servicer with a written report of such environmental inspection. In the event that the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes, the Seller shall not proceed with foreclosure or acceptance of a deed in

HarborView 2007-6 – Reconstituted Servicing Agreement (August 15th, 2007)

THIS IS AN AMENDED AND RESTATED MASTER INTERIM SERVICING AGREEMENT, dated as of January 1, 2006, and is executed between Greenwich Capital Financial Products, Inc. (the "Owner") and GMAC Mortgage Corporation (the "Servicer"). This Amended and Restated Master Interim Servicing Agreement (the "Agreement") shall replace the Master Interim Servicing Agreement, dated as of March 26, 2003 between the Owner and the Servicer.

Lehman XS Trust Series 2007-15N – Reconstituted Servicing Agreement (August 15th, 2007)

In the event that the Trust Fund acquires any REO Property in connection with a default or imminent default on a Mortgage Loan, the Company shall dispose of such REO Property not later than the end of the third taxable year after the year of its acquisition by the Trust Fund unless the Company has applied for and received a grant of extension from the Internal Revenue Service to the effect that, under the REMIC Provisions and any relevant proposed legislation and under applicable state law, the applicable Trust REMIC may hold REO Property for a longer period without adversely affecting the REMIC status of such REMIC or causing the imposition of a federal or state tax upon such REMIC. If the Company has received such an extension, then the Company shall continue to attempt to sell the REO Property for its fair market value for such perio

Lehman Mortgage Trust 2007-7 – Reconstituted Servicing Agreement (August 14th, 2007)

At the time of any termination of the Servicer pursuant to Section 11.01, the Servicer shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Section 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Servicer until such amounts are received by the Trust Fund from the related Mortgage Loans.

Structured Adjustable Rate Mortgage Loan Trust Series 2007-7 – Reconstituted Servicing Agreement (August 14th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

HarborView 2007-5 – Reconstituted Servicing Agreement (July 31st, 2007)

expenses incurred in connection with any transfer of servicing hereunder (as a result of the termination or resignation of the Servicer), including, without limitation, the costs and expenses of the Master Servicer or any other Person in appointing a successor servicer, or of the Master Servicer in assuming the responsibilities of the Servicer hereunder, or of transferring the Servicing Files and the other necessary data, including the completion, correction or manipulation of such servicing data as may be required to correct any errors or insufficiencies in the servicing data, to the successor servicer shall be paid by the terminated or resigning Servicer from its own funds without reimbursement.

Lehman Mortgage Trust 2007-6 – Reconstituted Servicing Agreement (July 13th, 2007)

Servicer's right thereto shall be prior to the rights of the Trust Fund; provided however, that in the event that the Servicer determines in good faith that any unreimbursed Monthly Advances will not be recoverable from amounts representing late recoveries of payments of principal or interest respecting the particular Mortgage Loan as to which such Monthly Advance was made or from Liquidation Proceeds or Insurance Proceeds with respect to such Mortgage Loan, the Servicer may reimburse itself for such amounts from the Custodial Account, it being understood, in the case of any such reimbursement, that the Servicer's right thereto shall be prior to the rights of the Trust Fund;

Lehman XS Trust Series 2007-12N – Reconstituted Servicing Agreement (July 13th, 2007)

At the time of any termination of the Company pursuant to Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Lehman XS Trust Series 2007-12N – Reconstituted Servicing Agreement (July 13th, 2007)

Notwithstanding anything to the contrary contained in this Section 2.17, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Seller has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Trustee or the Master Servicer otherwise requests, an environmental inspection or review of such Mortgaged Property to be conducted by a qualified inspector shall be arranged by the Seller. Upon completion of the inspection, the Seller shall provide the Trustee and the Master Servicer with a written report of such environmental inspection. In the event that the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes, the Seller shall not proceed with foreclosure or acceptance of a deed in

HarborView 2007-4 – Reconstituted Servicing Agreement (July 2nd, 2007)

Servicer agrees to complete such audits within the later of seventy (70) days after (i) Servicer's receipt of the Mortgage Note or (ii) Servicer's receipt of a complete and accurate data file as specified in the Transfer Instructions.

HSI Asset Securitization CORP Trust 2007-NC1 – Reconstituted Servicing Agreement (June 20th, 2007)

The foregoing requirements for deposit into the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges and assumption fees, to the extent permitted by Section 6.01, need not be deposited by the Servicer into the Custodial Account. Such Custodial Account shall be an Eligible Account. Any interest paid on funds deposited in the Custodial Account by the depository institution shall accrue to the benefit of the Servicer and the Servicer shall be entitled to retain and withdraw such interest from the Custodial Account pursuant to Section 4.05. The Servicer shall give notice to the Owner of the location of the Custodial Account when established and with respect to any change thereof to another Qualified Depository.

Hsi Asset Securitization Corp – Reconstituted Servicing Agreement (June 15th, 2007)

The Servicer shall indemnify the Owner, the Depositor, the Trust Fund, the Trustee, the Securities Administrator and the Master Servicer and hold each of them harmless against any and all claims, losses, damages, penalties, fines, forfeitures, reasonable and necessary legal fees and related costs, judgments, and any other costs, fees and expenses that any of such parties may sustain the failure of the Servicer to perform its duties and service the Mortgage Loans in strict compliance with the terms of this Agreement (including, but not limited to its obligations to provide any information, report, certification, accountants' letter or other material pursuant to Sections 6.04 and 6.06 hereunder) or for any inaccurate or misleading information provided pursuant to Sections 6.04 and 6.06 hereunder. The Servicer immediately shall notify the Owner, the Master Servicer, the Securities Administrator and t

GreenPoint Mortgage Funding Trust 2007-AR3 – Reconstituted Servicing Agreement (June 15th, 2007)

Notwithstanding anything to the contrary contained in this Section 2.17, in connection with a foreclosure or acceptance of a deed in lieu of foreclosure, in the event the Seller has reasonable cause to believe that a Mortgaged Property is contaminated by hazardous or toxic substances or wastes, or if the Trustee or the Master Servicer otherwise requests, an environmental inspection or review of such Mortgaged Property to be conducted by a qualified inspector shall be arranged by the Seller. Upon completion of the inspection, the Seller shall provide the Trustee and the Master Servicer with a written report of such environmental inspection. In the event that the environmental inspection report indicates that the Mortgaged Property is contaminated by hazardous or toxic substances or wastes, the Seller shall not proceed with foreclosure or acceptance of a deed in lieu of foreclosure. In the eve

Structured Asset Securities CORP Mortgage Loan Trust 2007-BC3 – Reconstituted Servicing Agreement (June 15th, 2007)

The foregoing requirements for deposit into the Custodial Account shall be exclusive, it being understood and agreed that, without limiting the generality of the foregoing, payments in the nature of late payment charges and assumption fees, to the extent permitted by Section 6.01, need not be deposited by the Company into the Custodial Account. Any interest paid on funds deposited in the Custodial Account by the depository institution shall accrue to the benefit of the Company and the Company shall be entitled to retain and withdraw such interest from the Custodial Account pursuant to Section 4.05.

Lehman XS Trust 2007-9 – Reconstituted Servicing Agreement (June 15th, 2007)

The Seller shall use its Best Efforts to dispose of the REO Property as soon as possible and shall sell such REO Property in any event within three years after title has been taken to such REO Property, unless (a) a REMIC election has not been made with respect to the arrangement under which the Mortgage Loans and the REO Property are held, and (b) the Seller determines, and gives an appropriate notice to the Master Servicer to such effect, that a longer period is necessary for the orderly liquidation of such REO Property. If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, (i) the Seller shall report monthly to the Master Servicer as to the progress being made in selling such REO Property and (ii) if, with the written consent of the Trustee, a purchase money mortgage is taken in connection with such sale, such purchase mon

Lehman XS Trust Series 2007-7N – Reconstituted Servicing Agreement (June 15th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 – Reconstituted Servicing Agreement (June 15th, 2007)

The Seller shall use its Best Efforts to dispose of the REO Property as soon as possible and shall sell such REO Property in any event within three years after title has been taken to such REO Property, unless (a) a REMIC election has not been made with respect to the arrangement under which the Mortgage Loans and the REO Property are held, and (b) the Seller determines, and gives an appropriate notice to the Master Servicer to such effect, that a longer period is necessary for the orderly liquidation of such REO Property. If a period longer than three years is permitted under the foregoing sentence and is necessary to sell any REO Property, (i) the Seller shall report monthly to the Master Servicer as to the progress being made in selling such REO Property and (ii) if, with the written consent of the Trustee (upon written direction of the Sell

Structured Adjustable Rate Mortgage Loan Trust Series 2007-5 – Reconstituted Servicing Agreement (June 15th, 2007)

At the time of any termination of the Company pursuant to this Section 11.01, the Company shall be entitled to all accrued and unpaid Servicing Fees and unreimbursed Servicing Advances and Monthly Advances; provided, however, in the event of a termination for cause under Sections 10.01 hereof, such unreimbursed amounts shall not be reimbursed to the Company until such amounts are received by the Trust Fund from the related Mortgage Loans.

Lehman XS Trust 2007-9 – Reconstituted Servicing Agreement (June 15th, 2007)
Lehman XS Trust Series 2007-7N – Reconstituted Servicing Agreement (June 15th, 2007)

Notwithstanding any other provisions of this Agreement, no REO Property acquired by the trust fund provided for in the Trust Agreement shall be rented (or allowed to continue to be rented) or otherwise used, held or disposed of by or on behalf of such trust fund in such a manner or pursuant to any terms that would: (i) cause such REO Property to fail to qualify as "foreclosure property" within the meaning of Section 860G(a)(8) of the Internal Revenue Code of 1986, as amended (the "Code"), or (ii) subject any REMIC provided for in the Trust Agreement to the imposition of any federal income taxes on income earned from such REO Property, including any taxes imposed by reason of Sections 860F or 860G of the Code, unless the Seller has agreed to indemnify and hold harmless the trust fund provided for in the Trust Agreement with respect to the imposition of any such taxes.

Lehman Mortgage Trust 2007-5 – Reconstituted Servicing Agreement (June 14th, 2007)

Servicer's right thereto shall be prior to the rights of the Trust Fund; provided however, that in the event that the Servicer determines in good faith that any unreimbursed Monthly Advances will not be recoverable from amounts representing late recoveries of payments of principal or interest respecting the particular Mortgage Loan as to which such Monthly Advance was made or from Liquidation Proceeds or Insurance Proceeds with respect to such Mortgage Loan, the Servicer may reimburse itself for such amounts from the Custodial Account, it being understood, in the case of any such reimbursement, that the Servicer's right thereto shall be prior to the rights of the Trust Fund;

Lehman Mortgage Trust 2007-5 – Reconstituted Servicing Agreement (June 14th, 2007)

This is a Seller's Warranties and Servicing Agreement for conventional fixed and adjustable rate residential first lien mortgage loans (the "Mortgage Loans") on a servicing retained basis as described herein, dated and effective as of July 1, 2003, and is executed between Lehman Brothers Bank, F.S.B., as purchaser (the "Purchaser"), and IndyMac Bank, F.S.B., as seller and servicer (the "Company").

Lehman Mortgage Trust 2007-5 – Reconstituted Servicing Agreement (June 14th, 2007)