Representations and Warranties of Residential Funding. The Company, as assignee of Residential Funding under the Assignment Agreement, hereby assigns to the Trustee for the benefit of Certificateholders all of its right, title and interest in respect of the Assignment Agreement applicable to a Mortgage Loan. Insofar as the Assignment Agreement relates to the representations and warranties made by Residential Funding in respect of such Mortgage Loan and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Master Servicer on behalf of the Trustee and the Certificateholders. Upon the discovery by the Company, the Master Servicer, the Trustee or the Custodian of a breach of any of the representations and warranties made in the Assignment Agreement (which, for purposes hereof, will be deemed to include any other cause giving rise to a repurchase obligation under the Assignment Agreement) in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (the Custodian being so obligated under a Custodial Agreement). The Master Servicer shall promptly notify Residential Funding of such breach and request that Residential Funding either (i) cure such breach in all material respects within 90 days from the date the Master Servicer was notified of such breach or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in Section 2.02; provided that Residential Funding shall have the option to substitute a Qualified Substitute Mortgage Loan or Loans for such Mortgage Loan if such substitution occurs within two years following the Closing Date; provided that if the breach would cause the Mortgage Loan to be other than a "qualified mortgage" as defined in Section 860G(a)(3) of the Code, any such cure, repurchase or substitution must occur within 90 days from the date the breach was discovered. If a breach of the Compliance With Laws Representation has given rise to the obligation to repurchase or substitute a Mortgage Loan pursuant to Section 4 of the Assignment Agreement, then the Master Servicer shall request that Residential Funding pay to the Trust Fund, concurrently with and in addition to the remedies provided in the preceding sentence, an amount equal to any liability, penalty or expense that was actually incurred and paid out of ...
Representations and Warranties of Residential Funding. (See section 2.04 of the Standard Terms.)
Representations and Warranties of Residential Funding. 61 Section 2.05. Execution and Authentication of Certificates; Conveyance of REMIC Regular Interests............ 63 Section 2.06. Purposes and Powers of the Trust................. 64 Section 2.07. Agreement Regarding Ability to Disclose.......... 64
Representations and Warranties of Residential Funding. (See Section 2.04 of the Standard Terms)
Representations and Warranties of Residential Funding. 55 Section 2.05. Execution and Authentication of Certificates.................................57
Representations and Warranties of Residential Funding. The Company, as assignee of Residential Funding under the Assignment Agreement, hereby assigns to the Trustee for the benefit of Certificateholders all of its right, title and interest in respect of the Assignment Agreement (to the extent assigned to the Company pursuant to the Assignment Agreement) applicable to a Mortgage Loan. Insofar as the Assignment Agreement relates to the representations and warranties made by Residential Funding or the related Seller in respect of such Mortgage Loan and any remedies provided thereunder for any breach of such representations and warranties, such right, title and interest may be enforced by the Master Servicer on behalf of the Trustee and the Certificateholders. Upon the discovery by the Company, the Master Servicer, the Trustee or any Custodian of a breach of any of the representations and warranties made in the Assignment Agreement (which, for purposes hereof, will be deemed to include any other cause giving rise to a repurchase obligation under the Assignment Agreement) in respect of any Mortgage Loan which materially and adversely affects the interests of the Certificateholders in such Mortgage Loan, the party discovering such breach shall give prompt written notice to the other parties (any Custodian being so obligated under a Custodial Agreement). The Master Servicer shall promptly notify Residential Funding of such breach and request that Residential Funding either (i) cure such breach in all material respects within 90 days from the date the Master Servicer was notified of such breach or (ii) purchase such Mortgage Loan from the Trust Fund at the Purchase Price and in the manner set forth in
Representations and Warranties of Residential Funding. 51- Section 2.05. Execution and Authentication of Certificates; Conveyance of Uncertificated REMIC Regular Interests............................................-53- ARTICLE III
Representations and Warranties of Residential Funding. (See Section 2.04 of the Standard Terms)...........................................................31 Section 2.05 Execution and Authentication of Class R-I Certificates...........................31 Section 2.06 Conveyance of Uncertificated REMIC I Regular Interests; Acceptance by the Trustee..........................................................................32 Section 2.07 Issuance of Certificates Evidencing Interest in REMIC II.........................32 Section 2.08 Purposes and Powers of the Trust. (See Section 2.08 of the Standard Terms)...........................................................................32 Section 2.09 Agreement Regarding Ability to Disclose..........................................32
Representations and Warranties of Residential Funding. (See Section 2.04 of the Standard Terms)..............................24 Section 2.05 Execution and Authentication of Class R-I Certificates...........24 Section 2.06 Conveyance of Uncertificated REMIC I and REMIC II Regular Interests; Acceptance by the Trustee.............................24 Section 2.07 Issuance of Certificates Evidencing Interest in REMIC II.........24
Representations and Warranties of Residential Funding. SECTION 2.05 EXECUTION AND AUTHENTICATION OF CERTIFICATES; CONVEYANCE OF UNCERTIFICATED REMIC REGUL INTERESTS. 58 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS...................................................... SECTION 3.01
