Common use of Administration and Servicing of the Trust Fund Clause in Contracts

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 Section 3.04 Collection Account and Distribution Account..................................................69 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 Section 3.06 Establishment of Escrow Account; Deposits in Escrow Account..................................72 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 ...................................63 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 ..........................65 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 .....................66 Section 3.04 Collection Account, Distribution Account and Distribution Account..................................................69 Reserve Accounts....................................................67 Section 3.05 Permitted Withdrawals From the Collection Account.........................................................71 Section 3.06 Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................Accounts.............................................72 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 .....................73 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 Section 3.09......................................74

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer..................................................................65 .......................................................59 Section 3.02 3.02. Collection of Mortgage Loan Payments.........................................................67 ..............................................61 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans....................................................67 .........................................61 Section 3.04 3.04. Collection Account and Distribution Account..................................................69 .......................................63 Section 3.05 3.05. Permitted Withdrawals From the Collection Account............................................71 .................................65 Section 3.06 3.06. Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts.....................66 Section 3.07 3.07. Permitted Withdrawals From Escrow Account....................................................72 .........................................66 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 .............67 Section 3.09.

Administration and Servicing of the Trust Fund. 55 Section 3.01 Servicer to Act as Servicer..................................................................65 ...................................................... 55 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 ............................................. 56 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 ........................................ 57 Section 3.04 Collection Account and Distribution Account..................................................69 ...................................... 58 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 ................................ 59 Section 3.06 Establishment of Escrow Account; Deposits in Escrow Account..................................72 ...................... 60 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 ........................................ 61 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 Section 3.09............ 61

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 ...................................82 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 ..........................84 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 .....................84 Section 3.04 Collection Account, Distribution Account and Distribution Account..................................................69 Reserve Accounts......................................................86 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 .............91 Section 3.06 Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts......................................................92 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 .....................93 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 ; Primary Mortgage Insurance............93 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 63 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 65 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 66 Section 3.04 Collection Accounts, Distribution Account and Distribution Account..................................................69 Reserve Accounts...............................67 Section 3.05 Permitted Withdrawals From the Collection Account............................................Accounts...........................................71 Section 3.06 Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................Accounts................................72 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 73 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 74 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 71 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 73 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 74 Section 3.04 Collection Account and Distribution Account..................................................69 75 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 77 Section 3.06 Establishment of Escrow Account; Deposits in Escrow Account..................................72 78 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 78 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 79 Section 3.09

Administration and Servicing of the Trust Fund. 4 Section 3.01 3.01. Primary Servicer to Act as Primary Servicer..................................................................65 ........... 4 Section 3.02 3.02. Collection of Mortgage Loan Payments.........................................................67 .................. 5 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 3.03. Collection of Taxes, Assessments and Similar Items; Servicing Accounts and Reserve Accounts............ 5 Section 3.04 Collection 3.04. Certificate Account and Distribution Account..................................................69 Serviced Whole Loan Custodial Account Remittances................................ 5 Section 3.05 3.05. Permitted Withdrawals From the Collection Primary Servicer Account and Companion Servicer Account............................................71 ............. 6 Section 3.06 Establishment 3.06. Primary Servicer Account, Companion Servicer Account and Investment of Escrow AccountFunds............................ 6 Section 3.07. Maintenance of Insurance Policies; Deposits in Escrow Account..................................72 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 Section 3.08 Payment of Taxes, Insurance Errors and Other Charges; Collections Thereunder........................73 Section 3.09Omissions and Fidelity Coverage.................... 7

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer..................................................................65 .......................................................................41 Section 3.02 3.02. Collection of Mortgage Loan Payments.........................................................67 ..............................................................42 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans....................................................67 .........................................................42 Section 3.04 3.04. Collection Account and Distribution Account..................................................69 .......................................................43 Section 3.05 3.05. Permitted Withdrawals From the Collection Account............................................71 .................................................45 Section 3.06 3.06. Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts.....................................46 Section 3.07 3.07. Permitted Withdrawals From Escrow Account....................................................72 .........................................................46 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 .....................................................46 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01 3.01. Servicer to Act as Servicer..................................................................65 .......................................................60 Section 3.02 3.02. Collection of Mortgage Loan Payments.........................................................67 ..............................................62 Section 3.03 3.03. Realization Upon Defaulted Mortgage Loans....................................................67 .........................................63 Section 3.04 3.04. Collection Account and Distribution Account..................................................69 .......................................64 Section 3.05 3.05. Permitted Withdrawals From the Collection Account............................................71 .................................66 Section 3.06 3.06. Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts.....................67 Section 3.07 3.07. Permitted Withdrawals From Escrow Account....................................................72 .........................................67 Section 3.08 3.08. Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 .............68 Section 3.09.

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 ...................................61 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 ..........................63 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 .....................64 Section 3.04 Collection Account, Distribution Account and Distribution Reserve Account..................................................69 .......................................................65 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 .............69 Section 3.06 Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts......................................................70 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 .....................70 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 ........................................71 Section 3.09

Administration and Servicing of the Trust Fund. Section 3.01 Servicer to Act as Servicer..................................................................65 .................................61 Section 3.02 Collection of Mortgage Loan Payments.........................................................67 ........................63 Section 3.03 Realization Upon Defaulted Mortgage Loans....................................................67 ...................63 Section 3.04 Collection Account and Distribution Account..................................................69 .................64 Section 3.05 Permitted Withdrawals From the Collection Account............................................71 ...........66 Section 3.06 Establishment of Escrow AccountAccounts; Deposits in Escrow Account..................................72 Accounts.............................................67 Section 3.07 Permitted Withdrawals From Escrow Account....................................................72 ...................67 Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder........................73 ......................................68 Section 3.09