Common use of Administration and Servicing of the Trust Fund Clause in Contracts

Administration and Servicing of the Trust Fund. Section 3.01. Servicer to Act as Servicer.......................................................59 Section 3.02. Collection of Mortgage Loan Payments..............................................61 Section 3.03. Realization Upon Defaulted Mortgage Loans.........................................61 Section 3.04. Collection Account and Distribution Account.......................................63 Section 3.05. Permitted Withdrawals From the Collection Account.................................65 Section 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 Section 3.07. Permitted Withdrawals From Escrow Account.........................................66 Section 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ...................................82 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ..........................84 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 .....................84 Section 3.04. 3.04 Collection Account, Distribution Account and Distribution Account.......................................63 Reserve Accounts......................................................86 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 .............91 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 ......................................................92 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 .....................93 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ; Primary Mortgage Insurance............93 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 .................................61 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ........................63 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ...................63 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 .................64 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ...........66 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 .............................................67 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ...................67 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ......................................68 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ...................................63 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ..........................65 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 .....................66 Section 3.04. 3.04 Collection Account, Distribution Account and Distribution Account.......................................63 Reserve Accounts....................................................67 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 .............71 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 .............................................72 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 .....................73 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 Section 3.09.......................................74

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ; Special Servicer to Act as Special Servicer; Administration of the Mortgage Loans.......37 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ..........................38 Section 3.03. Realization Upon Defaulted Mortgage Loans.........................................61 3.03 Collection of Taxes, Assessments and Similar Items; Servicing Accounts...........................................38 Section 3.04. Collection 3.04 The Certificate Account and the Lower-Tier and Upper-Tier Distribution Account.......................................63 Accounts........................................40 Section 3.05. 3.05 Permitted Withdrawals From the Collection Certificate Account and the Distribution Accounts....................................42 Section 3.06 Investment of Funds in the Certificate Account.................................65 , the Distribution Accounts and the REO Account....................45 Section 3.06. Establishment 3.07 Maintenance of Escrow AccountsInsurance Policies; Deposits in Escrow Accounts.....................66 Section 3.07. Permitted Withdrawals From Escrow Account.........................................66 Section 3.08. Payment of Taxes, Insurance Errors and Other Charges; Collections Thereunder.............67 Section 3.09.Omissions and Fidelity Coverage........................................46

Administration and Servicing of the Trust Fund. Section 3.01. Servicer to Act as Servicer.......................................................59 .......................................................................41 Section 3.02. Collection of Mortgage Loan Payments..............................................61 ..............................................................42 Section 3.03. Realization Upon Defaulted Mortgage Loans.........................................61 .........................................................42 Section 3.04. Collection Account and Distribution Account.......................................63 .......................................................43 Section 3.05. Permitted Withdrawals From the Collection Account.................................65 .................................................45 Section 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 .....................................46 Section 3.07. Permitted Withdrawals From Escrow Account.........................................66 .........................................................46 Section 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 .....................................................46 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. Servicer to Act as Servicer.......................................................59 .......................................68 Section 3.02. Collection of Mortgage Loan Payments..............................................61 ..............................70 Section 3.03. Realization Upon Defaulted Mortgage Loans.........................................61 .........................70 Section 3.04. Collection Account, Distribution Account and Distribution Reserve Account.......................................63 ......72 Section 3.05. Permitted Withdrawals From the Collection Account.................................65 .................75 Section 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 .....76 Section 3.07. Permitted Withdrawals From Escrow Account.........................................66 .........................76 Section 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 .........................................77 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ..................................................................49 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 .........................................................51 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ....................................................51 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 ..................................................52 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ............................................54 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 Account.................................55 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ....................................................56 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ........................56 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ...................................61 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ..........................63 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 .....................64 Section 3.04. 3.04 Collection Account, Distribution Account and Distribution Reserve Account.......................................63 .......................................................65 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 .............69 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 ......................................................70 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 .....................70 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ........................................71 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ..................................................................65 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 .........................................................67 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ....................................................67 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 ..................................................69 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ............................................71 Section 3.06. 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts.....................66 Account..................................72 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ....................................................72 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ........................73 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ....................................................................41 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ...........................................................42 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ......................................................42 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 ....................................................43 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ..............................................45 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 ..................................46 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ......................................................46 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ; Primary Mortgage Insurance.....................................................................................46 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ..................................................................63 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 .........................................................65 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ....................................................66 Section 3.04. 3.04 Collection Accounts, Distribution Account and Distribution Account.......................................63 Reserve Accounts...............................67 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 Accounts...........................................71 Section 3.06. 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 ................................72 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ....................................................73 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ........................74 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01. Servicer to Act as Servicer.......................................................59 60 Section 3.02. Collection of Mortgage Loan Payments..............................................61 62 Section 3.03. Realization Upon Defaulted Mortgage Loans.........................................61 63 Section 3.04. Collection Account and Distribution Account.......................................63 64 Section 3.05. Permitted Withdrawals From the Collection Account.................................65 66 Section 3.06. Establishment of Escrow Accounts; Deposits in Escrow Accounts.....................66 67 Section 3.07. Permitted Withdrawals From Escrow Account.........................................66 67 Section 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 68 Section 3.09.

Administration and Servicing of the Trust Fund. 55 Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ...................................................... 55 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 ............................................. 56 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ........................................ 57 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 ...................................... 58 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ................................ 59 Section 3.06. 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts.....................66 Account...................... 60 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ........................................ 61 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 Section 3.09............. 61

Administration and Servicing of the Trust Fund. Section 3.01. 3.01 Servicer to Act as Servicer.......................................................59 ..................................................................71 Section 3.02. 3.02 Collection of Mortgage Loan Payments..............................................61 .........................................................73 Section 3.03. 3.03 Realization Upon Defaulted Mortgage Loans.........................................61 ....................................................74 Section 3.04. 3.04 Collection Account and Distribution Account.......................................63 ..................................................75 Section 3.05. 3.05 Permitted Withdrawals From the Collection Account.................................65 ............................................77 Section 3.06. 3.06 Establishment of Escrow AccountsAccount; Deposits in Escrow Accounts.....................66 Account..................................78 Section 3.07. 3.07 Permitted Withdrawals From Escrow Account.........................................66 ....................................................78 Section 3.08. 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder.............67 ........................79 Section 3.09.