Common use of Servicing of the Mortgage Loans Clause in Contracts

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Mortgage Loans, the Seller hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the related Closing Date, the Servicing RightsRights with respect to the Mortgage Loans in the related Mortgage Loan Package. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the termination of the Interim Servicing Agreement with respect to the related Transfer DateMortgage Loans as set forth therein, but in no event shall the Seller receive less than 90 days of such compensation.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Mortgage Loans, the Seller hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the related Closing Date, the Servicing RightsRights with respect to the Mortgage Loans in the related Mortgage Loan Pacakge. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Interim Servicing Agreement as set forth therein, but in no event shall the Seller receive less than 65 days of such compensation.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer Seller shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on an actual/actual basis on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Mortgage Loans, the Seller hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the Closing Date, the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Interim Servicing Agreement as set forth therein, but in no event shall the Seller receive less than 65 days of such compensation.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer Seller shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement Addendum (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing AgreementAddendum, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date. The Purchaser hereby acknowledges that the Seller shall assign its obligation to service the Mortgage Loans for the benefit of the Purchaser to its interim subservicer, which, on the date of this Agreement, is Option One Mortgage Corporation. The Seller shall be entitled to use another interim subservicer with the consent of the Purchaser, which consent shall not be unreasonable withheld, conditioned or delayed.

Servicing of the Mortgage Loans. The Mortgage Loans in each Mortgage Loan Package have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the related Servicing Rights. The Purchaser shall retain the Interim Servicer as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereofinitial Closing Date. Pursuant to the Interim Servicing Agreement, the Interim Servicer shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Interim Servicing Agreement as set forth therein.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and shall cause the Interim Servicer shall to execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Seller shall cause the Interim Servicer shall to begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this AgreementAgreement and the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein), the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim periodAgreement. The Seller, as specified therein). The Purchaser and Interim Servicer interim servicer, shall execute the Interim Servicing Agreement on the date hereofinitial Closing Date. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller, as interim servicer, shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the a Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related applicable Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Mortgage Loans, the Seller hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the related Closing Date, the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser for a period mutually agreed to by the Seller and the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Interim Servicing Agreement as set forth therein.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Seller Mortgage Loans, the Seller, on each Closing Date, hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the Closing Date, the Servicing RightsRights with respect to the Mortgage Loans in the related Mortgage Loan Package. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Date.

Servicing of the Mortgage Loans. The Mortgage Loans have been sold by the Seller to the Purchaser on a servicing released basis. Subject to and upon the terms and conditions of this Agreement, the Seller hereby sells, transfers, assigns, conveys and delivers to the Purchaser the Servicing Rights. The Purchaser shall retain the Interim Servicer as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereofClosing Date. Pursuant to the Interim Servicing Agreement, the Interim Servicer shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Servicing Agreement as set forth therein.

Servicing of the Mortgage Loans. The Mortgage Loans have been shall be sold by the Seller to the Purchaser on a servicing released basis. Subject to to, and upon the terms and conditions of this Agreement, with respect to the Mortgage Loans, the Seller hereby sells, transfers, assigns, conveys assigns and delivers to the Purchaser Purchaser, on the Closing Date, the Servicing Rights. The Purchaser shall retain the Interim Servicer Seller as contract servicer of the Mortgage Loans for an interim period pursuant to and in accordance with the terms and conditions contained in the Interim Servicing Agreement (with respect to each Mortgage Loan, for an interim period, as specified therein). The Purchaser and Interim Servicer shall execute the Interim Servicing Agreement on the date hereof. Pursuant to the Interim Servicing Agreement, the Interim Servicer Seller shall begin servicing the Mortgage Loans on behalf of the Purchaser and shall be entitled to the Servicing Fee with respect to such Mortgage Loans from the related Closing Date until the related Transfer Datetermination of the Interim Servicing Agreement as set forth therein.