Common use of Establishment of and Deposits to Custodial Account Clause in Contracts

Establishment of and Deposits to Custodial Account. The Servicer shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts titled in the name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacity. Each Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). A copy of such certification or letter agreement shall be furnished to the Owner upon request. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account and retain therein the following collections received by the Servicer, together with any payments made by the Servicer subsequent to the Inbound Transfer Date pursuant to this Agreement:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled “Countywide Home Loans Servicing LP, in the name trust for [Name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investorsOwner]” or titled in another reasonable manner indicating that such account is held in a custodial capacity”. Each The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and as otherwise acceptable to the Rating Agencies and any amounts therein may be invested in Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided Servicer, or by a letter agreement in the Servicer qualifies as form of Exhibit 3 hereto, in the case of an account held by a Qualified Depository)depository other than the Servicer. A copy of such certification or letter agreement shall be furnished to the Owner and, upon request, to any subsequent Owner. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on or prior to the second Business Day following receipt thereof, and retain therein therein, the following collections received by the Servicer, together with any Servicer and payments made by the Servicer subsequent to the Inbound Transfer Date pursuant to this Agreement:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled "Countywide Home Loans Servicing LP, in the name trust for [Name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investorsOwner]” or titled in another reasonable manner indicating that such account is held in a custodial capacity". Each The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and as otherwise acceptable to the Rating Agencies and any amounts therein may be invested in Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided Servicer, or by a letter agreement in the Servicer qualifies as form of Exhibit 3 hereto, in the case of an account held by a Qualified Depository)depository other than the Servicer. A copy of such certification or letter agreement shall be furnished to the Owner and, upon request, to any subsequent Owner. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on or prior to the second Business Day following receipt thereof, and retain therein therein, the following collections received by the Servicer, together with any Servicer and payments made by the Servicer subsequent to the Inbound Transfer Date pursuant to this Agreement:

Establishment of and Deposits to Custodial Account. The Special Servicer shall segregate and hold all funds collected and received pursuant to the Transferred Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled "(Special Servicer), in the name trust for Xxxxxx Capital, A Division of “PNMAC Loan Svc LLC ITF [description Xxxxxx Brothers Holdings Inc., owner of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacityResidential Mortgage Loans, Group No. Each _______, and various Mortgagors". The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit AccountDepository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible InvestmentsInvestments subject to the provisions of Section 3.09 hereof. Funds deposited in the Custodial Account may be drawn on by the Special Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 C hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). A copy of such certification or letter agreement shall be furnished to the Owner and, upon request, to any subsequent owner of the Mortgage Loans. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Special Servicer shall deposit in the Custodial Account on a daily basis, and retain therein therein, the following collections received by the Special Servicer in the Special Servicer, together with any 's lock-box and payments required to be made by the Special Servicer subsequent to after the Inbound related Transfer Date pursuant to this AgreementDate:

Establishment of and Deposits to Custodial Account. The Servicer shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts titled in the name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacity. Each Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository), or by a letter agreement in the form of Exhibit 3 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification or letter agreement shall be furnished to the Owner upon request. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account and retain therein the following collections received by the Servicer, together with any payments made by the Servicer subsequent to the Inbound Transfer Date pursuant to this Agreement:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, at the direction of the Owner in the form of time deposit or demand accounts accounts, titled “Aurora Loan Services Inc., in the name trust for Lxxxxx Brothers Bank, FSB, owner of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacityResidential Mortgage Loans, Group No. Each _____________, and various Mortgagors”. The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit AccountDepository. Any funds deposited in the Custodial Account shall be invested at all times be fully insured the direction of the Owner or if no direction is given at the discretion of the Servicer in Eligible Investments subject to the full extent permitted provisions of Section 3.10 hereof. Funds deposited in the Custodial Account may be drawn on by the FDIC and any amounts therein may be invested Servicer in Eligible Investmentsaccordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification letter agreement substantially in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). C. A copy of such certification or letter agreement shall be furnished to the Owner and, upon request, to any subsequent owner of the Mortgage Loans. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein therein, the following collections received by the Servicer, together with any Servicer and payments made by the Servicer subsequent to after the Inbound related Transfer Date pursuant to this AgreementDate:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled "Household Finance Corporation in the name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacitytrust for Xxxxxx Brothers Bank, FSB, Residential Fixed and Adjustable Rate Mortgage Loans, Group No. Each 2002-1 and various Mortgagors". The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit AccountPurchaser. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted under applicable law. Funds deposited in the Custodial Account may be drawn on by the FDIC and any amounts therein may be invested Servicer in Eligible Investmentsaccordance with Section 2.05. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided Servicer, or by a letter agreement in the Servicer qualifies as form of Exhibit 3 hereto, in the case of an account held by a Qualified Depository)depository other than the Servicer. A copy of such certification or letter agreement shall be furnished to the Owner Purchaser and, upon request, to any subsequent Purchaser. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein therein, the following collections received by the Servicer, together with any payments made by Servicer after the Servicer subsequent to the Inbound Transfer Date pursuant to this AgreementCut-off Date:

Establishment of and Deposits to Custodial Account. The Servicer shall establish one or more Custodial Accounts, in the form of time deposit or demand accounts titled in the name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacity. Each Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit Account. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible Investments. The creation of any Custodial Account shall be evidenced by a certification in the form of Exhibit 2 hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). A copy of such certification or letter agreement shall be furnished to the Owner upon request. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. NY1 8630204v.6 With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account and retain therein the following collections received by the Servicer, together with any payments made by the Servicer subsequent to the Inbound Transfer Date pursuant to this Agreement:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled “Wilshire Credit Corporation in trust for JPMorgan Chase Bank, as Trustee for the name of “PNMAC Loan Svc LLC ITF [description of applicable owners or investors]” or titled in another reasonable manner indicating that such account is held in a custodial capacityStructured Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2003-AM1”. Each The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit AccountDepository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible InvestmentsInvestments subject to the provisions of Section 3.10 hereof. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification letter agreement in the form of Exhibit 2 B hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). A copy of such certification or letter agreement shall be furnished to the Owner upon requestMaster Servicer and the NIMS Insurer. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein therein, the following collections received by the Servicer, together with any Servicer and payments made by the Servicer subsequent to after the Inbound Cut-off Date or the Servicing Transfer Date pursuant to this AgreementDate, as applicable:

Establishment of and Deposits to Custodial Account. The Servicer shall segregate and hold all funds collected and received pursuant to the Mortgage Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Custodial Accounts, in the form of time deposit or demand accounts accounts, titled “Wilshire Credit Corporation in trust for U.S. Bank National Association, as Trustee for the name of “PNMAC Aames Mortgage Loan Svc LLC ITF [description of applicable owners or investors]Trust Mortgage Pass-Through Certificates, Series 2003-1.” or titled in another reasonable manner indicating that such account is held in a custodial capacity. Each The Custodial Account shall be established with a Qualified Depository acceptable to the Owner as a Special Deposit AccountDepository. Any funds deposited in the Custodial Account shall at all times be fully insured to the full extent permitted by the FDIC and any amounts therein may be invested in Eligible InvestmentsInvestments subject to the provisions of Section 3.10 hereof. Funds deposited in the Custodial Account may be drawn on by the Servicer in accordance with Section 3.04. The creation of any Custodial Account shall be evidenced by a certification letter agreement in the form of Exhibit 2 B hereto, in the case of an account established with the Servicer (provided the Servicer qualifies as a Qualified Depository). A copy of such certification or letter agreement shall be furnished to the Owner upon requestMaster Servicer and the NIMS Insurer. The Servicer shall segregate and hold all funds in the Custodial Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Custodial Account on a daily basis, and retain therein therein, the following collections received by the Servicer, together with any Servicer and payments made by the Servicer subsequent to after the Inbound Cut-off Date or the Servicing Transfer Date pursuant to this AgreementDate, as applicable: