Common use of Representations and Warranties Remedies and Breach Clause in Contracts

Representations and Warranties Remedies and Breach. Section 3.01 Company Representations and Warranties 15 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans 17 Section 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.01 Company to Act as Services 31 Section 4.02 Liquidation of Mortgage Loans 33 Section 4.03 Collection of Mortgage Loan Payments 34 Section 4.04 Establishment of and Deposits to Custodial Account 34 Section 4.05 Permitted Withdrawals From Custodial Account 36 Section 4.06 Establishment of and Deposits to Escrow Account 37 Section 4.07 Permitted Withdrawals From Escrow Account 37 Section 4.08 Payment of Taxes, Insurance and Other Charges 38 Section 4.09 Protection of Accounts 38 Section 4.10 Maintenance of Hazard Insurance 39 Section 4.11 Maintenance of Mortgage Impairment Insurance 41

Representations and Warranties Remedies and Breach. Section 3.01 3.1 Company Representations and Warranties 15 23 Section 3.02 3.2 Representations and Warranties Regarding Individual Mortgage Loans 17 .Loans 26 Section 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 3.3 Xxxxxxxxxx 00 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.01 4.1 Company to Act as Services 31 Servicer 41 Section 4.02 4.2 Liquidation of Mortgage Loans 33 42 Section 4.03 4.3 Collection of Mortgage Loan Payments 34 43 Section 4.04 4.4 Establishment of and Deposits to Custodial Account 34 43 Section 4.05 4.5 Permitted Withdrawals From Custodial Account 36 45 Section 4.06 4.6 Establishment of and Deposits to Escrow Account 37 46 Section 4.07 4.7 Permitted Withdrawals From Escrow Account 37 47 Section 4.08 4.8 Payment of Taxes, Insurance and Other Charges 38 48 Section 4.09 4.9 Protection of Accounts 38 49 Section 4.10 Maintenance of Hazard Insurance 39 49 Section 4.11 Maintenance of Primary Mortgage Impairment Insurance 41Policy; Claims 51

Representations and Warranties Remedies and Breach. Section 3.01 Company Servicer Representations and Warranties 15 16 Section 3.02 Owner Representations and Warranties Regarding Individual Mortgage Loans 17 Section 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS AND REO PROPERTIES Section 4.01 Company Servicer to Act as Services 31 Servicer 18 Section 4.02 Liquidation of Mortgage Loans 33 19 Section 4.03 Collection of Mortgage Loan Payments 34 and REO Rental Payments 20 Section 4.04 Establishment of and Deposits to Custodial Collection Account 34 21 Section 4.05 Permitted Withdrawals From Custodial Collection Account 36 22 Section 4.06 Establishment of and Deposits to Escrow Account 37 and Modification Account 22 Section 4.07 Permitted Withdrawals From Escrow Account 37 and Modification Account 23 Section 4.08 Payment of Taxes, Insurance and Other Charges 38 24 Section 4.09 Protection of Accounts 38 [Reserved] 24 Section 4.10 Maintenance of Hazard Insurance 39 24 Section 4.11 Maintenance of Mortgage Impairment Insurance 4126 Section 4.12 Maintenance of Fidelity Bond and Errors and Omissions Insurance 26 Section 4.13 Inspections 27 Section 4.14 Restoration of Mortgaged Property 27 Page

Representations and Warranties Remedies and Breach. Section 3.01 Company Representations and Warranties 15 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans 17 Section 3.03 Remedies for Breach of Representations and Warranties 27 Section 3.04 Indemnification 29 Section 3.05 Restrictions and Requirements Applicable in the Event that a Mortgage Loan is Acquired by a REMIC 30 Section 3.06 Review of Mortgage Loans 31 ARTICLE IV ADMINISTRATION AND SERVICING OF MORTGAGE LOANS Section 4.01 Company to Act as Services Servicer 31 Section 4.02 Liquidation of Mortgage Loans 33 Section 4.03 Collection of Mortgage Loan Payments 34 Section 4.04 Establishment of and Deposits to Custodial Account 34 Section 4.05 Permitted Withdrawals From Custodial Account 36 Section 4.06 Establishment of and Deposits to Escrow Account 37 Section 4.07 Permitted Withdrawals From Escrow Account 37 Section 4.08 Payment of Taxes, Insurance and Other Charges 38 Section 4.09 Protection of Accounts 38 Section 4.10 Maintenance of Hazard Insurance 39 Section 4.11 Maintenance of Mortgage Impairment Insurance 4139