Common use of DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Clause in Contracts

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 Section 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Section 2.03. Representations and Warranties of the Depositor. 64 Section 2.04. Discovery of Breach. 66 Section 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 67 Section 2.06. Grant Clause. 68 Section 3.01. The Certificates. 69 Section 3.02. Registration. 70 Section 3.03. Transfer and Exchange of Certificates. 71 Section 3.04. Cancellation of Certificates. 77 Section 3.05. Replacement of Certificates. 77 Section 3.06. Persons Deemed Owners. 77 Section 3.07. Temporary Certificates. 78 Section 3.08. Appointment of Paying Agent. 78 Section 3.09. Book-Entry Certificates. 79 Section 4.01. Collection Account. 81 Section 4.02. Application of Funds in the Collection Account. 83 Section 4.03. Reports to Certificateholders. 85 Section 4.04. Certificate Account. 89 Section 4.05. [Reserved] 90 Section 5.01. Distributions Generally. 90 Section 5.02. Distributions from the Certificate Account. 91 Section 5.03. Allocation of Losses. 105 Section 5.04. Advances by Master Servicer, Servicer and Trustee. 105 Section 5.05. Compensating Interest Payments. 106 Section 5.06. Basis Risk Reserve Fund. 106 Section 5.07. Supplemental Interest Trust. 107 Section 5.08. Rights of Swap Counterparty. 109 Section 5.09. Termination Receipts. 109

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 . Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 . Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 Section 2.04. 2.04 Discovery of Breach. 66 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 62 Section 2.06. 2.06 Grant Clause. 68 63 Section 3.01. 3.01 The Certificates. 69 64 Section 3.02. 3.02 Registration. 70 66 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 66 Section 3.04. 3.04 Cancellation of Certificates. 77 71 Section 3.05. 3.05 Replacement of Certificates. 77 71 Section 3.06. 3.06 Persons Deemed Owners. 77 72 Section 3.07. 3.07 Temporary Certificates. 78 72 Section 3.08. 3.08 Appointment of Paying Agent. 78 72 Section 3.09. 3.09 Book-Entry Certificates. 79 Section 4.01. 4.01 Collection Account. 81 Section 4.02. 4.02 Application of Funds in the Collection Account. 83 76 Section 4.03. 4.03 Reports to Certificateholders. 85 Section 4.04. 4.04 Certificate Account. 89 82 Section 4.054.05 Securities Administration Account. [Reserved] 90 Section 5.01. 5.01 Distributions Generally. 90 84 Section 5.02. 5.02 Distributions from the Certificate Account. 91 85 Section 5.03. Allocation of Losses. 105 Section 5.04. Advances by Master Servicer, Servicer and Trustee. 105 Section 5.05. Compensating Interest Payments. 106 Section 5.06. Basis Risk Reserve Fund. 106 Section 5.07. Supplemental Interest Trust. 107 Section 5.08. Rights of Swap Counterparty. 109 Section 5.09. Termination Receipts. 109

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 Loans 61 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Fund 65 Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 Depositor 67 Section 2.04. 2.04 Discovery of Breach. 66 Breach 68 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 Section 2.06. Grant Clause. 68 Section 3.01. The Certificates. Loans 69 Section 3.02. Registration. 2.06 Grant Clause 70 Section 3.03. 3.01 The Certificates 71 Section 3.02 Registration 72 Section 3.03 Transfer and Exchange of Certificates. 71 Certificates 73 Section 3.04. 3.04 Cancellation of Certificates. 77 Certificates 79 Section 3.05. 3.05 Replacement of Certificates. 77 Certificates 79 Section 3.06. 3.06 Persons Deemed Owners. 77 Owners 80 Section 3.07. 3.07 Temporary Certificates. 78 Certificates 80 Section 3.08. 3.08 Appointment of Paying Agent. 78 Agent 80 Section 3.09. 3.09 Book-Entry Certificates. 79 Section 4.01. Collection Account. Certificates 81 Section 4.02. 4.01 Collection Account 83 Section 4.02 Application of Funds in the Collection Account. 83 Account 85 Section 4.03. 4.03 Reports to Certificateholders. 85 Certificateholders 87 Section 4.04. 4.04 Certificate Account. 89 Account 91 Section 4.05. [Reserved] 90 4.05 Securities Administration Account 93 Section 5.01. 5.01 Distributions Generally. 90 Generally 94 Section 5.02. 5.02 Distributions from the Certificate Account. 91 Account 95 Section 5.03. 5.03 Allocation of Losses. 105 Losses 108 Section 5.04. 5.04 Advances by Master Servicer, Servicer Servicers and Trustee. 105 Securities Administrator 108 Section 5.05. 5.05 Compensating Interest Payments. 106 Payments 109 Section 5.06. 5.06 Basis Risk Reserve Fund. 106 Fund 110 Section 5.07. 5.07 Supplemental Interest Trust. 107 Trust 110 Section 5.08. 5.08 Rights of Swap Counterparty. 109 Counterparty 112 Section 5.09. 5.09 Termination Receipts. 109Receipts 112

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 57 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 62 Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 63 Section 2.04. 2.04 Discovery of Breach. 66 65 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 66 Section 2.06. 2.06 Grant Clause. 68 67 Section 3.01. 3.01 The Certificates. 68 Section 3.02 Registration. 69 Section 3.02. Registration. 70 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 70 Section 3.04. 3.04 Cancellation of Certificates. 77 76 Section 3.05. 3.05 Replacement of Certificates. 77 76 Section 3.06. 3.06 Persons Deemed Owners. 77 Section 3.07. 3.07 Temporary Certificates. 78 77 Section 3.08. 3.08 Appointment of Paying Agent. 78 77 Section 3.09. 3.09 Book-Entry Certificates. 79 78 Section 4.01. 4.01 Collection Account. 81 80 Section 4.02. 4.02 Application of Funds in the Collection Account. 83 82 Section 4.03. 4.03 Reports to Certificateholders. 85 84 Section 4.04. 4.04 Certificate Account. 89 88 Section 4.05. 4.05 [Reserved] 90 89 Section 5.01. 5.01 Distributions Generally. 90 89 Section 5.02. 5.02 Distributions from the Certificate Account. 91 90 Section 5.03. 5.03 Allocation of Losses. 105 103 Section 5.04. 5.04 Advances by Master Servicer, Servicer and Trustee. 105 103 Section 5.05. 5.05 Compensating Interest Payments. 106 104 Section 5.06. 5.06 Basis Risk Reserve Fund. 106 105 Section 5.07. 5.07 Supplemental Interest Trust. 107 105 Section 5.08. 5.08 Rights of Swap Counterparty. 109 107 Section 5.09. 5.09 Termination Receipts. 109107

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 60 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 65 Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 66 Section 2.04. 2.04 Discovery of Breach. 66 68 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 68 Section 2.06. 2.06 Grant Clause. 68 69 Section 3.01. 3.01 The Certificates. 69 71 Section 3.02. 3.02 Registration. 70 72 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 72 Section 3.04. 3.04 Cancellation of Certificates. 77 79 Section 3.05. 3.05 Replacement of Certificates. 77 79 Section 3.06. 3.06 Persons Deemed Owners. 77 79 Section 3.07. 3.07 Temporary Certificates. 78 79 Section 3.08. 3.08 Appointment of Paying Agent. 78 80 Section 3.09. 3.09 Book-Entry Certificates. 79 81 Section 4.01. 4.01 Collection Account. 81 82 Section 4.02. 4.02 Application of Funds in the Collection Account. 83 84 Section 4.03. 4.03 Reports to Certificateholders. 85 87 Section 4.04. 4.04 Certificate Account. 89 91 Section 4.054.05 Securities Administration Account. [Reserved] 90 92 Section 5.01. 5.01 Distributions Generally. 90 94 Section 5.02. 5.02 Distributions from the Certificate Account. 91 94 Section 5.03. 5.03 Allocation of Losses. 105 106 Section 5.04. 5.04 Advances by Master Servicer, Servicer Servicers and TrusteeSecurities Administrator. 105 106 Section 5.05. 5.05 Compensating Interest Payments. 106 107 Section 5.06. 5.06 Basis Risk Reserve Fund. 106 108 Section 5.07. 5.07 Supplemental Interest Trust. 107 108 Section 5.08. 5.08 Rights of Swap Counterparty. 109 110 Section 5.09. 5.09 Termination Receipts. 109110

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 59 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 65 Section 2.04. 2.04 Discovery of Breach. 66 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 Section 2.06. 2.06 Grant Clause. 68 Section 3.01. 3.01 The Certificates. 69 Section 3.02. 3.02 Registration. 70 71 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 Section 3.04. 3.04 Cancellation of Certificates. 77 Section 3.05. 3.05 Replacement of Certificates. 77 Section 3.06. 3.06 Persons Deemed Owners. 77 78 Section 3.07. 3.07 Temporary Certificates. 78 Section 3.08. 3.08 Appointment of Paying Agent. 78 Section 3.09. 3.09 Book-Entry Certificates. 79 Section 4.01. 4.01 Collection Account. 81 Section 4.02. 4.02 Application of Funds in the Collection Account. 83 Section 4.03. 4.03 Reports to Certificateholders. 85 Section 4.04. 4.04 Certificate Account. 89 Section 4.054.05 Securities Administration Account. [Reserved] 90 Section 5.01. 5.01 Distributions Generally. 90 92 Section 5.02. 5.02 Distributions from the Certificate Account. 91 92 Section 5.03. 5.03 Allocation of Losses. 105 Section 5.04. 5.04 Advances by Master Servicer, Servicer Servicers and TrusteeSecurities Administrator. 105 Section 5.05. 5.05 Compensating Interest Payments. 106 Section 5.06. 5.06 Basis Risk Reserve Fund. 106 107 Section 5.07. 5.07 Supplemental Interest Trust. 107 Section 5.08. 5.08 Rights of Swap Counterparty. 109 Section 5.09. 5.09 Termination Receipts. 109

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Fund Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 Depositor Section 2.04. 2.04 Discovery of Breach. 66 Breach 67 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. Loans 67 Section 2.06. 2.06 Grant Clause. 68 Clause Section 3.01. 3.01 The Certificates. 69 Certificates Section 3.02. Registration. 70 3.02 Registration 71 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 Certificates 72 Section 3.04. 3.04 Cancellation of Certificates. 77 Certificates 78 Section 3.05. 3.05 Replacement of Certificates. 77 Certificates 78 Section 3.06. 3.06 Persons Deemed Owners. 77 Section 3.07. Temporary Certificates. Owners 78 Section 3.08. 3.07 Temporary Certificates Section 3.08 Appointment of Paying Agent. 78 Agent Section 3.09. 3.09 Book-Entry Certificates. 79 Certificates Section 4.01. 4.01 Collection Account. Account 81 Section 4.02. 4.02 Application of Funds in the Collection Account. Account 83 Section 4.03. 4.03 Reports to Certificateholders. Certificateholders 85 Section 4.04. 4.04 Certificate Account. Account 89 Section 4.05. [Reserved] 4.05 Securities Administration Account 90 Section 5.01. 5.01 Distributions Generally. 90 Generally 92 Section 5.02. 5.02 Distributions from the Certificate Account. 91 Account 93 Section 5.03. 5.03 Allocation of Losses. 105 Losses 106 Section 5.04. 5.04 Advances by Master Servicer, Servicer Servicers and Trustee. 105 Securities Administrator 106 Section 5.05. 5.05 Compensating Interest Payments. 106 Section 5.06. Basis Risk Reserve Fund. 106 Section 5.07. Supplemental Interest Trust. 107 Section 5.08. Rights of Swap Counterparty. 109 Section 5.09. Termination Receipts. 109Payments 107

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 Loans 48 Section 2.02. 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Fund 54 Section 2.03. 2.03 Representations and Warranties of the Depositor. 64 Depositor 56 Section 2.04. 2.04 Discovery of Breach. 66 Breach 58 Section 2.05. 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 67 Loans 58 Section 2.06. 2.06 Grant Clause. 68 Clause 60 Section 3.01. 3.01 The Certificates. 69 Certificates 61 Section 3.02. Registration. 70 3.02 Registration 61 Section 3.03. 3.03 Transfer and Exchange of Certificates. 71 Certificates 62 Section 3.04. 3.04 Cancellation of Certificates. 77 Certificates 65 Section 3.05. 3.05 Replacement of Certificates. 77 Certificates 65 Section 3.06. 3.06 Persons Deemed Owners. 77 Owners 65 Section 3.07. 3.07 Temporary Certificates. 78 Certificates 66 Section 3.08. 3.08 Appointment of Paying Agent. 78 Agent 66 Section 3.09. 3.09 Book-Entry Certificates. 79 Certificates 66 Section 4.01. 4.01 Collection Account. 81 Account 68 Section 4.02. 4.02 Application of Funds in the Collection Account. 83 Account 70 Section 4.03. 4.03 Reports to Certificateholders. 85 Certificateholders 72 Section 4.04. 4.04 Certificate Account. 89 Account 76 Section 4.05. [Reserved] 90 4.05 The Pre-Funding Accounts 77 Section 5.01. 4.06 The Capitalized Interest Account 78 Section 4.07 Securities Administration Account 78 Section 5.01 Distributions Generally. 90 Generally 80 Section 5.02. 5.02 Distributions from the Certificate Account. 91 Account 80 Section 5.03. 5.03 Allocation of Losses. 105 Losses 90 Section 5.04. 5.04 Advances by Master Servicer, Servicer Servicers and Trustee. 105 Securities Administrator 91 Section 5.05. 5.05 Compensating Interest Payments. 106 Payments 92 Section 5.06. 5.06 Basis Risk Reserve Fund. 106 Section 5.07. Supplemental Interest Trust. 107 Section 5.08. Rights of Swap Counterparty. 109 Section 5.09. Termination Receipts. 109Fund 92

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. 58 Loans Section 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 63 Fund Section 2.03. Representations and Warranties of the Depositor. 64 49 Section 2.04. Discovery of Breach. 66 Breach 51 Section 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 67 Loans 51 Section 2.06. Grant Clause. 68 Clause 52 ARTICLE III THE CERTIFICATES Section 3.01. The Certificates. 69 Certificates Section 3.02. Registration. 70 Registration 55 Section 3.03. Transfer and Exchange of Certificates. 71 Certificates 55 Section 3.04. Cancellation of Certificates. 77 Certificates 61 Section 3.05. Replacement of Certificates. 77 Certificates 61 Section 3.06. Persons Deemed Owners. 77 Owners 61 Section 3.07. Temporary Certificates. 78 Certificates 62 Section 3.08. Appointment of Paying Agent. 78 Agent 62 Section 3.09. Book-Entry Certificates. 79 Certificates ARTICLE IV ADMINISTRATION OF THE TRUST FUND 64 Section 4.01. Collection Account. 81 Account 64 Section 4.02. Application of Funds in the Collection Account. 83 Account 66 Section 4.03. Reports to Certificateholders. 85 Certificateholders 67 Section 4.04. Certificate Account. 89 Account 71 Section 4.05. [Reserved] 90 Determination of LIBOR 72 Section 4.06. The Class A4 Reserve Fund 73 ARTICLE V DISTRIBUTIONS TO HOLDERS OF CERTIFICATES 74 Section 5.01. Distributions Generally. 90 Generally 74 Section 5.02. Distributions from the Certificate Account. 91 Account 74 Section 5.03. Allocation of Losses. 105 Realized Losses Section 5.04. Advances by the Master Servicer, Servicer and Trustee. 105 the Trustee 80 Section 5.05. Compensating Interest Payments. 106 Payments 81 Section 5.06. Basis Risk Reserve Fund. 106 Distributions of Principal on Redemption Certificates 81 Section 5.07. Supplemental Interest Trust. 107 Section 5.08. Rights of Swap Counterparty. 109 Section 5.09. Termination Receipts. 109The Class A4 Certificate Insurance Policy 86