Common use of Debt Service Reduction Clause in Contracts

Debt Service Reduction. 13- Deficient Valuation.................................................................-13- Definitive Certificates.............................................................-13- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- Depository..........................................................................-13- Depository Institution..............................................................-13- Depository Participant..............................................................-14- Determination Date..................................................................-14- Disqualified Organization...........................................................-14- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- Distribution Date...................................................................-14- Due Date ...........................................................................-14- Due Period..........................................................................-15- Eligible Account....................................................................-15- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15-

Debt Service Reduction. 13- 12- Deficient Valuation.................................................................-13- ..........................................-12- Definitive Certificates.............................................................-13- ......................................-12- Deleted Mortgage Loan...............................................................-13- ........................................-12- Delinquency Percentage..............................................................-13- .......................................-12- Depositor...........................................................................-13- ....................................................-12- Depository..........................................................................-13- ...................................................-12- Depository Institution..............................................................-13- .......................................-12- Depository Participant..............................................................-14- .......................................-13- Determination Date..................................................................-14- ...........................................-13- Disqualified Organization...........................................................-14- ....................................-13- Distribution Account................................................................-14- .........................................-13- Distribution Account Deposit Date...................................................-14- ............................-13- Distribution Date...................................................................-14- ............................................-13- Due Date ...........................................................................-14- ....................................................-13- Due Period..........................................................................-15- ...................................................-13- Eligible Account....................................................................-15- .............................................-13- ERISA ...........................................................................-15- .......................................................-14- Estate in Real Property.............................................................-15-......................................-14-

Debt Service Reduction. 13- 11- Deficient Valuation.................................................................-13- ..........................................................................-12- Definitive Certificates.............................................................-13- ......................................................................-12- Deleted Mortgage Loan...............................................................-13- ........................................................................-12- Delinquency Percentage..............................................................-13- .......................................................................-12- Depositor...........................................................................-13- ....................................................................................-12- Depository..........................................................................-13- ...................................................................................-12- Depository Institution..............................................................-13- .......................................................................-12- Depository Participant..............................................................-14- .......................................................................-12- Determination Date..................................................................-14- ...........................................................................-12- Directly Operate.............................................................................-13- Disqualified Organization...........................................................-14- ....................................................................-13- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- .........................................................................-13- Distribution Date...................................................................-14- ............................................................................-13- Due Date ...........................................................................-14- ....................................................................................-13- Due Period..........................................................................-15- ...................................................................................-14- Eligible Account....................................................................-15- .............................................................................-14- ERISA ...........................................................................-15- ....................................................................................-14- Estate in Real Property......................................................................-14- Excess Overcollateralized Amount.............................................................-15--14- Expense Adjusted Mortgage Rate...............................................................-14- Expense Adjusted Maximum Mortgage Rate.......................................................-14- Extra Principal Distribution Amount..........................................................-14- Fannie Mae...................................................................................-14- FDIC ....................................................................................-14-

Debt Service Reduction. 13- 11- Deficient Valuation.................................................................-13- ..........................................................................-11- Definitive Certificates.............................................................-13- ......................................................................-11- Deleted Mortgage Loan...............................................................-13- ........................................................................-11- Delinquency Percentage..............................................................-13- .......................................................................-11- Depositor...........................................................................-13- ....................................................................................-12- Depository..........................................................................-13- ...................................................................................-12- Depository Institution..............................................................-13- .......................................................................-12- Depository Participant..............................................................-14- .......................................................................-12- Determination Date..................................................................-14- ...........................................................................-12- Directly Operate.............................................................................-12- Disqualified Organization...........................................................-14- ....................................................................-12- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- .........................................................................-13- Distribution Date...................................................................-14- ............................................................................-13- DOL ....................................................................................-13- DOL Regulations..............................................................................-13- Due Date ...........................................................................-14- ....................................................................................-13- Due Period..........................................................................-15- ...................................................................................-13- Eligible Account....................................................................-15- .............................................................................-13- ERISA ...........................................................................-15- ....................................................................................-13- Estate in Real Property.............................................................-15-......................................................................-14-

Debt Service Reduction. 13- Deficient Valuation..................................................................................................................-13- Definitive Certificates.............................................................-13- Certificate..............................................-14- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ...............................................-14- Delinquent..........................................................-14- Depository..........................................................................-13- Depository Institution..............................................................-13- ..........................................................-14- Depository Participant............................................................................................................-14- Destroyed Mortgage Note.............................................-14- Determination Date....................................................................................................................-14- Disqualified Organization...........................................................-14- Distribution Account................................................................-14- Distribution Account Deposit Date..............................................................................................-14- Distribution Date...................................................................-14- ...................................................-15- Diverted Excess Spread..............................................-15- Due Date ...........................................................................-14- Date............................................................-15- Due Period....................................................................................................................................-15- Eligible Account........................................................................................................................-15- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--16- Euroclear...........................................................-16-

Debt Service Reduction. 13- 15- Deficient Valuation.................................................................-13- -16- Definitive Certificates.............................................................-13- -16- Deleted Mortgage Loan...............................................................-13- -16- Delinquency Percentage..............................................................-13- -16- Depositor...........................................................................-13- -16- Depository..........................................................................-13- -16- Depository Institution..............................................................-13- -16- Depository Participant..............................................................-14- -16- Determination Date..................................................................-14- -16- Disqualified Organization...........................................................-14- -17- Distribution Account................................................................-14- -17- Distribution Account Deposit Date...................................................-14- -17- Distribution Date...................................................................-14- -17- Due Date ...........................................................................-14- -17- Due Period..........................................................................-15- -17- Eligible Account....................................................................-15- -17- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--18-

Debt Service Reduction. 13- 9- Deficient Valuation.................................................................-13- ..................................................-9- Definitive Certificates.............................................................-13- Certificate..............................................-10- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ...............................................-10- Delinquent..........................................................-10- Depository..........................................................................-13- Depository Institution..............................................................-13- ..........................................................-10- Depository Participant..............................................................-14- ..............................................-10- Destroyed Mortgage Note.............................................-10- Determination Date..................................................................-14- ..................................................-10- Disqualified Organization...........................................................-14- ...........................................-10- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- Distribution -11- Due Date...................................................................-14- Due Date ...........................................................................-14- ............................................................-11- Due Period..........................................................................-15- ..........................................................-11- Eligible Account....................................................................-15- ....................................................-11- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--11- Euroclear...........................................................-12- Event of Default....................................................-12- Excess Fraud Loss...................................................-12- Excess Loss.........................................................-12

Debt Service Reduction. 13- 12- Deficient Valuation.................................................................-13- ...................................... -12- Definitive Certificates.............................................................-13- .................................. -12- Deleted Mortgage Loan...............................................................-13- .................................... -12- Delinquency Percentage..............................................................-13- ................................... -12- Depositor........................................................................................................................... -13- Depository......................................................................................................................... -13- Depository Institution................................................................................................. -13- Depository Participant..............................................................-14- ................................... -13- Determination Date..................................................................-14- ....................................... -13- Directly Operate......................................... -13- Disqualified Organization...........................................................-14- ................................ -13- Distribution Account................................................................-14- Distribution Account Deposit Date........................................................................................ -14- Distribution Date........................................................................................................... -14- Due Date ...........................................................................Date................................................. -14- Due Period..........................................................................-15- ............................................... -14- Eligible Account....................................................................-15- ERISA ...........................................................................-15- ......................................... -14- ERISA.................................................... -14- Estate in Real Property.............................................................-15-.................................. -14-

Debt Service Reduction. 13- 14- Deficient Valuation.................................................................-13- .................................................-14- Definitive Certificates.............................................................-13- Certificate..............................................-14- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ...............................................-14- Delinquent..........................................................-14- Depository..........................................................................-13- Depository Institution..............................................................-13- ..........................................................-15- Depository Participant..............................................................-14- ..............................................-15- Destroyed Mortgage Note.............................................-15- Determination Date..................................................................-14- ..................................................-15- Disqualified Organization...........................................................-14- ...........................................-15- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- Distribution -16- Diverted Excess Spread..............................................-16- Due Date...................................................................-14- Due Date ...........................................................................-14- ............................................................-16- Due Period..........................................................................-15- ..........................................................-16- Eligible Account....................................................................-15- ....................................................-16- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--16-

Debt Service Reduction. 13- 12- Deficient Valuation.................................................................-13- .................................................-12- Definitive Certificates.............................................................-13- Certificate..............................................-12- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ...............................................-12- Delinquent..........................................................-12- Depository..........................................................................-13- Depository Institution........................................................................................................................-13- Depository Participant..............................................................-14- ..............................................-13- Destroyed Mortgage Note.............................................-13- Determination Date..................................................................-14- ..................................................-13- Disqualified Organization...........................................................-14- ...........................................-13- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- Distribution -13- Diverted Excess Spread..............................................-13- Due Date...................................................................-14- Due Date .......................................................................................................................................-14- Due Period..........................................................................-15- ..........................................................-14- Eligible Account....................................................................-15- ....................................................-14- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--14-

Debt Service Reduction. 13- Deficient Valuation...........................................................................................................-13- Definitive Certificates...................................................................................................-13- Deleted Mortgage Loan.......................................................................................................-13- Delinquency Percentage.....................................................................................................-13- Depositor...............................................................................................................................-13- Depository.............................................................................................................................-13- Depository Institution.....................................................................................................-13- Depository Participant..............................................................-14- .......................................-13- Determination Date.............................................................................................................-14- Disqualified Organization...............................................................................................-14- Distribution Account.........................................................................................................-14- Distribution Account Deposit Date...............................................................................-14- Distribution Date...............................................................................................................-14- Due Date ...............................................................................................................................-14- Due Period..........................................................................-15- ...................................................-14- Eligible Account....................................................................-15- .............................................-14- ERISA ..................................................................................................................................-15- Estate in Real Property...................................................................................................-15-

Debt Service Reduction. 13- Deficient Valuation.................................................................-13- ........................................................-14- Definitive Certificates.............................................................-13- Certificate.....................................................-14- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ......................................................-14- Delinquent.................................................................-14- Depository..........................................................................-13- Depository Institution..............................................................-13- .................................................................-14- Depository Participant...................................................................................................................-14- Destroyed Mortgage Note....................................................-14- Determination Date...........................................................................................................................-14- Disqualified Organization...........................................................-14- Distribution Account................................................................-14- Distribution Account Deposit Date.....................................................................................................-14- Distribution Date..........................................................-15- Due Date...................................................................-14- Due Date ...........................................................................-14- -15- Due Period...........................................................................................................................................-15- Eligible Account...............................................................................................................................-15- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15-ERISA......................................................................-16-

Debt Service Reduction. 13- 12- Deficient Valuation.................................................................-13- -12- Definitive Certificates.............................................................-13- Certificate..............................................................-12- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- -12- Delinquent..........................................................................-12- Depository..........................................................................-13- Depository InstitutionParticipant..............................................................-13- Depository Participant..............................................................-14- Destroyed Mortgage Note.............................................................-13- Determination Date..................................................................-14- -13- Disqualified Organization...........................................................-14- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- -13- Distribution Date...................................................................-14- -13- Diverted Excess Spread..............................................................-13- Due Date ...........................................................................-14- Due Period..........................................................................-15- -14- Eligible Account....................................................................-15- -14- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15--14-

Debt Service Reduction. 13- 15- Deficient Valuation.................................................................-13- .................................................-15- Definitive Certificates.............................................................-13- Certificate..............................................-15- Deleted Mortgage Loan...............................................................-13- Delinquency Percentage..............................................................-13- Depositor...........................................................................-13- ...............................................-15- Delinquent..........................................................-15- Depository..........................................................................-13- Depository Institution..............................................................-13- ..........................................................-15- Depository Participant..............................................................-14- ..............................................-15- Destroyed Mortgage Note.............................................-16- Determination Date..................................................................-14- ..................................................-16- Disqualified Organization...........................................................-14- ...........................................-16- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- Distribution -16- Diverted Excess Spread..............................................-16- Due Date...................................................................-14- Due Date ...........................................................................-14- ............................................................-16- Due Period..........................................................................-15- ..........................................................-16- Eligible Account....................................................................-15- ERISA ...........................................................................-15- Estate in Real Property.............................................................-15-....................................................-17- (ii)

Debt Service Reduction. 13- 10- Deficient Valuation.................................................................-13- .............................................................................-10- Definitive Certificates.............................................................-13- .........................................................................-10- Deleted Mortgage Loan...............................................................-13- ...........................................................................-11- Delinquency Percentage..............................................................-13- ..........................................................................-11- Depositor...........................................................................-13- .......................................................................................-11- Depository..........................................................................-13- ......................................................................................-11- Depository Institution..............................................................-13- ..........................................................................-11- Depository Participant..............................................................-14- ..........................................................................-11- Determination Date..................................................................-14- ..............................................................................-11- Directly Operate................................................................................-11- Disqualified Organization...........................................................-14- .......................................................................-12- Distribution Account................................................................-14- Distribution Account Deposit Date...................................................-14- ............................................................................-12- Distribution Date...................................................................-14- ...............................................................................-12- Due Date ...........................................................................-14- .......................................................................................-12- Due Period..........................................................................-15- ......................................................................................-12- Eligible Account....................................................................-15- ................................................................................-12- ERISA ...........................................................................-15- .......................................................................................-12- Estate in Real Property.............................................................-15-.........................................................................-13- Excess Overcollateralized Amount................................................................-13- Expense Adjusted Mortgage Rate..................................................................-13- Extraordinary Trust Fund Expense................................................................-13- Fannie Mae......................................................................................-13- FDIC .......................................................................................-13-