Common use of Administration and Servicing of Contracts Clause in Contracts

Administration and Servicing of Contracts. 38 Section 4.01 Responsibility for Contract Administration and Servicing.......................................... 38 Section 4.02 Standard of Care.................................................................................. 38 Section 4.03 Records........................................................................................... 39 Section 4.04 Inspection........................................................................................ 39 Section 4.05 Establishment of and Deposits in Certificate Account.............................................. 39 Section 4.06 Payment of Taxes.................................................................................. 40 Section 4.07 Enforcement....................................................................................... 41 Section 4.08 Transfer of Certificate Account................................................................... 42 Section 4.09 Maintenance of Hazard Insurance Policies.......................................................... 42 -i- TABLE OF CONTENTS (continued) Page Section 4.10 Fidelity Bond and Errors and Omissions Insurance.................................................. 43 Section 4.11 Collections under Hazard Insurance Policies, Consent to Transfers of Manufactured Homes, Assumption Agreements............................................................................. 44 Section 4.12 Realization upon Defaulted Contracts.............................................................. 45 Section 4.13 Costs and Expenses................................................................................ 45 Section 4.14 Trustee to Cooperate.............................................................................. 45 Section 4.15 Servicing and Other Compensation.................................................................. 46

Administration and Servicing of Contracts. 38 39 Section 4.01 Responsibility for Contract Administration and Servicing.......................................... 38 .............................. 39 Section 4.02 Standard of Care.................................................................................. 38 ...................................................................... 40 Section 4.03 Records........................................................................................... 39 ............................................................................... 40 Section 4.04 Inspection........................................................................................ 39 ............................................................................ 40 Section 4.05 Establishment of and Deposits in Certificate Account.............................................. 39 .................................. 41 Section 4.06 Payment of Taxes.................................................................................. 40 ...................................................................... 42 Section 4.07 Enforcement....................................................................................... 41 ........................................................................... 42 Section 4.08 Transfer of Certificate Account................................................................... 42 ....................................................... 43 Section 4.09 Maintenance of Hazard Insurance Policies.......................................................... 42 .............................................. 44 -i- TABLE OF CONTENTS (continued) Page Section 4.10 Fidelity Bond and Errors and Omissions Insurance.................................................. 43 Section 4.11 Collections under Hazard Insurance Policies, Consent to Transfers of Manufactured Homes, Assumption Agreements............................................................................. 44 .......................................................... 45 Section 4.12 Realization upon Defaulted Contracts.............................................................. 45 .................................................. 46 Section 4.13 Costs and Expenses................................................................................ 45 .................................................................... 47 Section 4.14 Trustee to Cooperate.............................................................................. 45 Section 4.15 Servicing and Other Compensation.................................................................. 4647

Administration and Servicing of Contracts. 38 43 Section 4.01 Responsibility for Contract Administration and Servicing.......................................... 38 ......................... 43 Section 4.02 Standard of Care.................................................................................. 38 ................................................................. 44 Section 4.03 Records........................................................................................... 39 .......................................................................... 44 Section 4.04 Inspection........................................................................................ 39 ....................................................................... 44 Section 4.05 Establishment of and Deposits in Certificate Account.............................................. 39 ............................. 44 Section 4.06 Payment of Taxes.................................................................................. 40 Section 4.07 Enforcement....................................................................................... 41 Section 4.08 Transfer of Certificate Account................................................................... 42 Section 4.09 Maintenance of Hazard Insurance Policies.......................................................... 42 ................................................................. 45 -i- TABLE OF CONTENTS (continued) Page Section 4.07 Enforcement..................................................................... 46 Section 4.08 Transfer of Certificate Account................................................. 47 Section 4.09 Maintenance of Hazard Insurance Policies........................................ 47 Section 4.10 Fidelity Bond and Errors and Omissions Insurance.................................................. 43 ................................ 48 Section 4.11 Collections under Hazard Insurance Policies, Consent to Transfers of Manufactured Homes, Assumption Agreements............................................................................. 44 .......................................... 49 Section 4.12 Realization upon Defaulted Contracts.............................................................. 45 ............................................ 49 Section 4.13 Costs and Expenses................................................................................ 45 .............................................................. 50 Section 4.14 Trustee to Cooperate.............................................................................. 45 ............................................................ 50 Section 4.15 Servicing and Other Compensation.................................................................. 46................................................ 50 Section 4.16 Custody of Contracts............................................................ 51

Administration and Servicing of Contracts. 38 Section 4.01 5.01. Responsibility for Contract Administration and Servicing.......................................... 38 ..............................54 Section 4.02 5.02. Standard of Care.................................................................................. 38 ......................................................................54 Section 4.03 5.03. Records........................................................................................... 39 ...............................................................................54 Section 4.04 5.04. Inspection........................................................................................ 39 ............................................................................54 Section 4.05 5.05. Establishment of and Deposits in the Certificate Account.............................................. 39 ..............................55 Section 4.06 5.06. Payment of Taxes.................................................................................. 40 ......................................................................56 Section 4.07 5.07. Enforcement....................................................................................... 41 ...........................................................................56 Section 4.08 5.08. Transfer of the Certificate Account................................................................... 42 ...................................................57 Section 4.09 5.09. Maintenance of Hazard Insurance Policies.......................................................... 42 -i- TABLE OF CONTENTS (continued) Page ..............................................57 Section 4.10 5.10. Fidelity Bond and Errors and Omissions Insurance.................................................. 43 ......................................58 Section 4.11 5.11. Collections under Hazard Insurance Policies, ; Consent to Transfers of Manufactured Homes, ; Assumption Agreements............................................................................. 44 .............................................58 Section 4.12 5.12. Realization upon Defaulted Contracts.............................................................. 45 ..................................................59 Section 4.13 5.13. Costs and Expenses................................................................................ 45 ....................................................................60 Section 4.14 5.14. Trustee to Cooperate.............................................................................. 45 ..................................................................60 Section 4.15 Servicing and Other Compensation.................................................................. 465.15.