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

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005-OPT1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corporation, 2005 OPT-1)

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Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Corporation Series 20052006-OPT1BC2 Trust Fund” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Sasco 2006-Bc2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT13” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-3)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. LaSalle Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052004-OPT1BNC2” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a A copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2004-Bnc2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT11” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2006-1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT1BNC2” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sail 2006-Bnc2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT13” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sail 2006-3)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005BNC Mortgage Loan Trust 2007-OPT12” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (BNC Mortgage Loan Trust 2007-2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT14” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2006-4)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT19” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-9)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT1HE3” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-He3)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. LaSalle Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT12” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, if required, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National AssociationXxxxx Fargo Bank, N.A., as Trustee for Structured Asset Securities Corporation, Series 2005BNC Mortgage Loan Trust 2007-OPT14” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (BNC CORP Mortgage Loan Trust 2007-Bnc4)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National AssociationWxxxx Fargo Bank, N.A., as Trustee for Structured Asset Securities CorporationCorporation Mortgage Pass Through Certificates, Series 20052007-OPT1BC1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP 2007-Bc1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005Corporation Mortgage Loan Trust 2007-OPT1BC4” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc4)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT1BNC1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2006-Bnc1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT111” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-11)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005BNC Mortgage Loan Trust 2007-OPT11” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (BNC Mortgage Loan Trust 2007-1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT14” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-4)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005-OPT1RMS1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, if required, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities Corp. 2005-Rms1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 20052006-OPT1BC6” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2006-Bc6)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT12” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Sail 2006-2)

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Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT18” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities Corp)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT110” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-10)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand account, account titled “Option One Mortgage Corporation JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationCorporation Mortgage Pass-Through Certificates, Series 2005-OPT1S1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a A copy of such certification or letter agreement shall be furnished to the Trustee, the Master ServicerServicer and, if required, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corp 2005-S1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand account, account titled “Option One New Century Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 2005-OPT19” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a A copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, if required, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage LoansLoans within thirty days of the establishment of such account.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-9)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationInvestment Loan Trust, Series 20052006-OPT12” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sail 2006-2)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National AssociationXxxxx Fargo Bank, N.A., as Trustee for Structured Asset Securities Corporation, Series 20052006-OPT1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (Sasco 2006-Opt1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities CorporationCorporation Mortgage Loan Trust, Series 20052006-OPT1AM1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sasco 2006-Am1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005Corporation Mortgage Loan Trust 2007-OPT1BNC1” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Sasco 2007-Bnc1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Series 2005Corporation Mortgage Loan Trust 2007-OPT1BC3” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of time deposit or demand account, titled “Option One Mortgage Corporation in trust for U.S. Bank National Association, as Trustee for Structured Asset Securities Corporation, Corporation Series 2005-OPT1GEL1 Trust” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof . The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a A copy of such certification or letter agreement shall be furnished to the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Servicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel1)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National AssociationCitibank, N.A., as Trustee for Structured Asset Securities Corporation, Series 2005BNC Mortgage Loan Trust 2007-OPT13” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (BNC Mortgage Loan Trust 2007-3)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand accountaccount titled, titled Option One Mortgage Corporation Chase Home Finance, LLC as subservicer for JPMorgan Chase Bank, National Association in trust for U.S. Bank National AssociationXxxxx Fargo Bank, N.A., as Trustee for Structured Asset Securities CorporationCorporation Mortgage Pass Through Certificates, Series 20052007-OPT1OSI” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Osi)

Establishment of and Deposits to Custodial Account. (a) 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 initially establish and maintain a Custodial Account, in the form of a time deposit or demand account, account titled “Option One Chase Manhattan Mortgage Corporation in trust for U.S. Bank National AssociationXxxxx Fargo Bank, N.A., as Trustee for Structured Asset Securities CorporationFirst Franklin Mortgage Loan Trust, Series 20052004-OPT1FF7” and referred to herein as the “Trust Custodial Account.” The Trust Custodial Account shall be an Eligible Deposit Account established with an Eligible Institution. Any funds deposited in the Trust Custodial Account may be invested in Eligible Investments subject to the provisions of Section 3.11 3.10 hereof. Funds deposited in the Trust Custodial Account may be drawn on by the Servicer in accordance with Section 3.04(a) hereof hereof. The creation of the Trust Custodial Account shall be evidenced by a letter agreement in the form of Exhibit B. Not later than 30 days after the Closing Date, a A copy of such certification or letter agreement shall be furnished to the Trustee, the Master Servicer, if required, the NIMS Insurer and, upon request, to any subsequent owner of the Mortgage Loans.

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2004-Ff7)

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