Concerning the Trustee. Section 8.01 Duties of the Trustee........................................ Section 8.02 Certain Matters Affecting the Trustee........................ Section 8.03 Trustee Not Liable for Certificates or Mortgage Loans........ Section 8.04 Trustee May Own Certificates................................. Section 8.05 Trustee's Fees and Expenses.................................. Section 8.06 Eligibility Requirements for the Trustee..................... Section 8.07 Resignation and Removal of the Trustee....................... Section 8.08
Concerning the Trustee. Section 8.01
Concerning the Trustee. SECTION 8.01.
Concerning the Trustee. 98 Section 8.01. Duties of Trustee......................................98 Section 8.02. Certain Matters Affecting the Trustee..................99 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans.................................................101 Section 8.04. Trustee May Own Certificates..........................101 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.............................101 Section 8.06. Eligibility Requirements for Trustee..................102 Section 8.07. Resignation and Removal of the Trustee................103 Section 8.08. Successor Trustee.....................................104 Section 8.09. Merger or Consolidation of Trustee....................104 Section 8.10. Appointment of Co-Trustee or Separate Trustee.........104 Section 8.11. Appointment of the Custodian..........................105 Section 8.12. Appointment of Office or Agency.......................106
Concerning the Trustee. SECTION 9.01
Concerning the Trustee. 96 Section 8.01. Duties of Trustee....................................................96 Section 8.02. Certain Matters Affecting the Trustee................................97 Section 8.03. Trustee Not Liable for Certificates or Mortgage Loans................99 Section 8.04. Trustee May Own Certificates.........................................99 Section 8.05. Master Servicer to Pay Trustee's Fees and Expenses; Indemnification.99 Section 8.06. Eligibility Requirements for Trustee................................100 Section 8.07. Resignation and Removal of the Trustee..............................101 Section 8.08. Successor Trustee...................................................102 Section 8.09. Merger or Consolidation of Trustee..................................102 Section 8.10. Appointment of Co-Trustee or Separate Trustee.......................102 Section 8.11. Appointment of Custodians...........................................103 Section 8.12. Appointment of Office or Agency.....................................104 ARTICLE IX TERMINATION OR OPTIONAL PURCHASE OF ALL CERTIFICATES....................105 Section 9.01. Optional Purchase by the Master Servicer of All Certificates; Termination Upon Purchase by the Master Servicer or Liquidation of All Mortgage Loans105 Section 9.02. Additional Termination Requirements.................................108 Section 9.03. Termination of Multiple REMICs......................................109 ARTICLE X REMIC PROVISIONS........................................................110 Section 10.01.REMIC Administration................................................110 Section 10.02.Master Servicer, REMIC Administrator and Trustee Indemnification....113 Section 10.03.Designation of REMIC(s). As provided in Section 10.03 of the Series Supplement 114 Section 10.04.Distributions on the Uncertificated REMIC I and REMIC II Regular Interests. As provided in Section 10.04 of the Series Supplement..............114
Concerning the Trustee. Section 6.01. Duties and Responsibilities of Trustee 40 Section 6.02. Reliance on Documents, Opinions, Etc. 42 Section 6.03. No Responsibility for Recitals, Etc. 43 Section 6.04. Trustee, Paying Agents, Conversion Agents or Registrar May Own Notes 43 Section 6.05. Monies to be Held in Trust 44 Section 6.06. Compensation and Expenses of Trustee 44 Section 6.07. Officers’ Certificate as Evidence 44 Section 6.08. Conflicting Interests of Trustee 45 Section 6.09. Eligibility of Trustee 45 Section 6.10. Resignation or Removal of Trustee 45 Section 6.11. Acceptance by Successor Trustee 46 Section 6.12. Succession by Merger, Etc. 47 Section 6.13. Limitation on Rights of Trustee as Creditor 47 Section 6.14. Trustee’s Application for Instructions from the Company 47 PAGE ARTICLE 7 CONCERNING THE NOTEHOLDERS Section 7.01. Action By Noteholders 48 Section 7.02. Proof of Execution by Noteholders 48 Section 7.03. Who Are Deemed Absolute Owners 48 Section 7.04. Company-owned Notes Disregarded 49 Section 7.05. Revocation of Consents; Future Holders Bound 49 ARTICLE 8 NOTEHOLDERS’ MEETINGS Section 8.01. Purpose of Meetings 50 Section 8.02. Call of Meetings by Trustee 50 Section 8.03. Call of Meetings by Company or Noteholders 50 Section 8.04. Qualifications for Voting 51 Section 8.05. Regulations 51 Section 8.06. Voting 51 Section 8.07. No Delay of Rights by Meeting 52
Concerning the Trustee. 25 SECTION 7.01 Certain Duties and Responsibilities of Trustee....................................25 SECTION 7.02 Certain Rights of Trustee.........................................................26 SECTION 7.03 Trustee Not Responsible for Recitals or Issuance or Securities....................27 SECTION 7.04 May Hold Securities...............................................................27 SECTION 7.05 Moneys Held in Trust..............................................................27 SECTION 7.06
Concerning the Trustee. Trustee shall be under no duty to take any action hereunder except as expressly required hereunder or by law, or to perform any act which would involve Trustee in any expense or liability or to institute or defend any suit in respect hereof, unless properly indemnified to Trustee's reasonable satisfaction. Trustee, by acceptance of this Deed of Trust, covenants to perform and fulfill the trusts herein created, being liable, however, only for willful negligence or misconduct, and hereby waives any statutory fee and agrees to accept reasonable compensation, in lieu thereof, for any services rendered by Trustee in accordance with the terms hereof. Trustee may resign at any time upon giving thirty (30) days' notice to Grantor and to Beneficiary. Beneficiary may remove Trustee at any time or from time to time, and select a successor trustee. In the event of the death, removal, resignation, refusal to act, or inability to act of Trustee, or in its sole discretion for any reason whatsoever Beneficiary may, without notice and without specifying any reason therefor and without applying to any court, select and appoint a successor trustee, and, if necessary, several successor Trustees in succession, who shall succeed to all the estate, rights, powers, and duties of the original Trustee named herein, without any other formality than an appointment and designation in writing (or other formality required by applicable law, if any). Such substitute trustee shall not be required to give bond for the faithful performance of the duties of Trustee hereunder unless required by Beneficiary. The procedure provided for in this paragraph for substitution of Trustee shall be in addition to and not in exclusion of any other provisions for substitution, by law or otherwise.
Concerning the Trustee. Section 8.01 Duties of Trustee............................................ Section 8.02
