Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. Servicing Compensation................................................................89 SECTION 3.19. Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.21. Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS
Appears in 3 contracts
Sources: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R7), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R8), Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset-Backed Pass-Through Certificates Series 2004-R7)
Enforcement of Due. Onon-Sale Clauses; Assumption and Modification Agreements. .....................................................................................81 SECTION 3.12. ; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Mortgage Home Equity Loans.............................................82 SECTION 3.13. Title, Management ; Loss Mitigation............19 Section 3.08 Issuer and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Indenture Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. ................................22 Section 3.09 Servicing Compensation................................................................89 SECTION 3.19. ; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' ........................................23 Section 3.11 Annual Servicing Report......................................90 SECTION 3.21. ..................................................24 Section 3.12 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSDocumentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27
Appears in 3 contracts
Sources: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc), Servicing Agreement (Residential Funding Mortgage Sec Ii Inc Hm Eq Ln Tr 2004-Hs1), Servicing Agreement (Home Equity Loan Trust 2004-Hs2)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 83 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 84 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 85 SECTION 3.14. [Reserved]............................................................................87 88 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 89 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 89 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 90 SECTION 3.18. Servicing Compensation................................................................89 91 SECTION 3.19. Statement as to Compliance............................................................90 91 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 92 SECTION 3.21. Access to Certain Documentation.......................................................91 92 SECTION 3.22. [Reserved]............................................................................92 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS93
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc Asset/Pass Thru Cert 2003-Ia1), Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asst Back Pas THR Certs Ser 2003-9)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ........................114 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ........................................115 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ................................117 SECTION 3.14. [Reserved]............................................................................87 .......................................................................120 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 ...................120 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ....................................121 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ..................................121 SECTION 3.18. Servicing Compensation................................................................89 ...........................................................122 SECTION 3.19. Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.21. Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS123
Appears in 2 contracts
Sources: Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2), Pooling and Servicing Agreement (Park Place Securities, Inc., Asset-Backed Pass-Through Certificates, Series 2004-Whq2)
Enforcement of Due. Onon-Sale Clauses; Assumption and Modification Agreements. .....................................................................................81 SECTION 3.12. ; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Mortgage Home Equity Loans.............................................82 SECTION 3.13. Title, Management ; Loss Mitigation............19 Section 3.08 Issuer and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Indenture Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. ................................22 Section 3.09 Servicing Compensation................................................................89 SECTION 3.19. ; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' ........................................24 Section 3.11 Annual Servicing Report......................................90 SECTION 3.21. ..................................................24 Section 3.12 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSDocumentation and Information Regarding the Home Equity Loans.............................................................25 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27
Appears in 2 contracts
Sources: Servicing Agreement (Home Equity Loan Trust 2005-Hs1), Servicing Agreement (RFMSII Series 2005-Hsa1 Trust)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 77 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 78 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 79 SECTION 3.14. [Reserved]............................................................................87 83 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 83 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 83 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 84 SECTION 3.18. Servicing Compensation................................................................89 85 SECTION 3.19. Statement as to Compliance............................................................90 85 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 86 SECTION 3.21. Access to Certain Documentation.......................................................91 86 SECTION 3.22. [Reserved]............................................................................87 SECTION 3.23. Advance Facility......................................................................91 87 SECTION 3.24. PMI Policy; Claims Under the PMI Policy...............................................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2004-R2)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ...................................................................71 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 72 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 74 SECTION 3.14. [Reserved]............................................................................87 77 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 ...................................................................77 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 77 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 78 SECTION 3.18. Servicing Compensation................................................................89 80 SECTION 3.19. Statement as to Compliance............................................................90 80 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 80 SECTION 3.21. Access to Certain Documentation.......................................................91 81 SECTION 3.22. [Reserved]............................................................................81 SECTION 3.23. Advance Facility......................................................................91 81 SECTION 3.24. PMI Policy; Claims Under the PMI Policy...............................................83 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ameriquest Mortgage Securities Inc Asset Back Ser 2004-R1)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 Agreements .........................................32 SECTION 3.123.10. Realization Upon Defaulted Mortgage Loans.............................................82 .................... 32 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.173.11. Trustee to Cooperate; Release of Mortgage Files.......................................88 .... 32 SECTION 3.183.12 Servicing Compensation and Trustee Fees............ 32 SECTION 3.13. Servicing Compensation................................................................89 Reports to the Trustee; Collection Account Statements..........................................32 SECTION 3.193.14. Annual Statement as to Compliance............................................................90 .................. 32 SECTION 3.203.15. Annual Independent Public Accountants' Servicing Report......................................90 . ............................................32 SECTION 3.213.16. Access to Certain Documentation.......................................................91 .................... 32 SECTION 3.233.17. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle and Management of REO Properties............. 32 SECTION 3.18. Sale of Specially Serviced Mortgage Loans and REO Properties........................................ .32 SECTION 3.19. Inspections. .......................................32 SECTION 3.20. Available Information and Notices.................. 32 SECTION 3.21. Reserve Accounts................................... 32
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Commercial Mortgage Acceptance Corp)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12; Subordinate Financing................... 97 Section 3.09. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17Assets.......... 98 Section 3.10. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18............................................... 101 Section 3.11. Servicing Compensation................................................................89 SECTION 3.19.............................. 102 Section 3.12. Inspections; Collection of Financial Statements.......................................... 104 Section 3.13. Annual Statement as to Compliance............................................................90 SECTION 3.20................... 105 Section 3.14. Reports by Independent Public Accountants' Servicing Report......................................90 SECTION 3.21........... 105 Section 3.15. Access to Certain Documentation.......................................................91 SECTION 3.23..................... 106 Section 3.16. Advance Facility......................................................................91 Title to REO Property; REO Account.................. 106 Section 3.17. Management of REO Property.......................... 107 Section 3.18. Sale of Mortgage Assets and Sale of REO Properties.......................................... 110 Section 3.19. Modifications, Waivers, Amendments and Consents............................................ 112 Section 3.20. Additional Obligations of the Servicer.............. 117 Section 3.21. Sub-Servicing Agreements............................ 118 Section 3.22. Successor to Servicing and Special Servicing Functions........................................... 119 ARTICLE IV. PAYMENTS TO CERTIFICATEHOLDERSCERTIFICATEHOLDERS Section 4.01. Distributions....................................... 121
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Fdic Remic Trust 1996-C1)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ...................68 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ; Determination of Excess Proceeds....................................................................69 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 .............................71 SECTION 3.183.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................................................................73 SECTION 3.15. Servicing Compensation................................................................89 ......................................................73 SECTION 3.193.16. Access to Certain Documentation.............................................73 SECTION 3.17. Annual Statement as to Compliance............................................................90 ...........................................74 SECTION 3.203.18. Annual Independent Public Accountants' Servicing Report......................................90 Statement; Financial Statements..................................................................74 SECTION 3.213.19. Access to Certain Documentation.......................................................91 Rights of the NIMs Insurer..................................................74 SECTION 3.233.20. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSPeriodic Filings............................................................74
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Funding Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 .................................98 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 .................................................99 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ........................................101 SECTION 3.14. [Reserved]............................................................................87 ...............................................................................104 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 ...........................104 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ............................................104 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ..........................................105 SECTION 3.18. Servicing Compensation................................................................89 ...................................................................106 SECTION 3.19. Statement as to Compliance............................................................90 ...............................................................107 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 .........................................107 SECTION 3.21. Access to Certain Documentation.......................................................91 ..........................................................108 SECTION 3.22. [Reserved]...............................................................................108 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS.........................................................................108
Appears in 1 contract
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12. ; Subordinate Financing; Defeasance............................................................95 Section 3.09 Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. ........................................98 Section 3.10 Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. .................................101 Section 3.11 Servicing Compensation................................................................89 SECTION 3.19. ; Nonrecoverable Servicing Advances.......................102 Section 3.12 Inspections; Collection of Financial Statements.................................106 Section 3.13 Annual Statement as to Compliance............................................................90 SECTION 3.20. ...............................................107 Section 3.14 Reports by Independent Public Accountants' Servicing Report......................................90 SECTION 3.21. .......................................108 Section 3.15 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSInformation...................................................108 Section 3.16 Title to REO Property; REO Account..............................................109 Section 3.17 Management of REO Property; Independent Contractors.............................110 Section 3.18 Sale of Defaulted Mortgage Loans and REO Properties.............................113
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ; Subordinate Financing; Defeasance .................................... 89 SECTION 3.12. 3.09 Realization Upon Defaulted Mortgage Loans.............................................82 Loans ........................................ 92 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. 3.10 Trustee to Cooperate; Release of Mortgage Files.......................................88 Files .................................. 95 SECTION 3.18. 3.11 Servicing Compensation................................................................89 ; Nonrecoverable Servicing Advances ......................................................................... 96 SECTION 3.19. 3.12 Inspections; Collection of Financial Statements .................................. 100 SECTION 3.13 Annual Statement as to Compliance............................................................90 Compliance ................................................ 101 SECTION 3.20. 3.14 Reports by Independent Public Accountants' Servicing Report......................................90 Accountants ........................................ 102 SECTION 3.21. 3.15 Access to Certain Documentation.......................................................91 Information .................................................... 102 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS3.16 Title to REO Property; REO Account ............................................... 103 SECTION 3.17 Management of REO Property; Independent Contractors .............................. 104 SECTION 3.18 Sale of Defaulted Mortgage Loans and REO Properties .............................. 107 SECTION 3.19 Additional Obligations of the Master Servicer and the Special Servicer ................................................................. 113
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ......................................48 SECTION 3.123.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ......................................................49 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ................................................51 SECTION 3.18. Servicing Compensation................................................................89 .........................................................................52 SECTION 3.19. Reports to the Trustee; Collection Account Statements..........................................52 SECTION 3.20. Statement as to Compliance............................................................90 .....................................................................53 SECTION 3.203.21. Independent Public Accountants' Servicing Report......................................90 ...............................................53 SECTION 3.213.22. Access to Certain Documentation.......................................................91 ................................................................53 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle, Management and Disposition of REO Property..............................................54 SECTION 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls...................................................................57 SECTION 3.26. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments..................................................................57
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ...................69 TABLE OF CONTENTS (continued) Page SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ; Determination of Excess Proceeds....................................................................70 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 .............................72 SECTION 3.183.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................................................................74 SECTION 3.15. Servicing Compensation................................................................89 ......................................................74 SECTION 3.193.16. Access to Certain Documentation.............................................74 SECTION 3.17. Annual Statement as to Compliance............................................................90 ...........................................74 SECTION 3.203.18. Annual Independent Public Accountants' Servicing Report......................................90 Statement; Financial Statements..................................................................75 SECTION 3.213.19. Access to Certain Documentation.......................................................91 Rights of the NIMs Insurer..................................................75 SECTION 3.233.20. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSPeriodic Filings............................................................75 ARTICLE IV DISTRIBUTIONS; ADVANCES BY THE SERVICER..................................................76 SECTION 4.01. Advances....................................................................76
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Funding Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 98 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 99 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ....................................101 SECTION 3.14. [Reserved]............................................................................87 ...........................................................................104 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 ....................................................................................104 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ........................................104 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ......................................105 SECTION 3.18. Servicing Compensation................................................................89 ...............................................................106 SECTION 3.19. Statement as to Compliance............................................................90 ...........................................................107 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 .....................................107 SECTION 3.21. Access to Certain Documentation.......................................................91 ......................................................108 SECTION 3.22. [Reserved]...........................................................................108 SECTION 3.23. Advance Facility......................................................................91 .....................................................................108 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Back Pas THR Certs Ser 03 8)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ......................................69 SECTION 3.123.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ......................................................70 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ................................................73 SECTION 3.18. Servicing Compensation................................................................89 .........................................................................74 SECTION 3.19. Reports to the Trustee; Collection Account Statements..........................................75 SECTION 3.20. Statement as to Compliance............................................................90 .....................................................................75 SECTION 3.203.21. Independent Public Accountants' Servicing Report......................................90 ...............................................75 SECTION 3.213.22. Access to Certain Documentation.......................................................91 ; Filing of Reports by Trustee..................................76 SECTION 3.23. Title, Management and Disposition of REO Property..............................................76 SECTION 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls.....................................................................................80 SECTION 3.25. [Reserved].....................................................................................80 SECTION 3.26. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments...............................................................................80 SECTION 3.27. Solicitations..................................................................................80 SECTION 3.28. Net WAC Rate Carryover Reserve Account.........................................................81 SECTION 3.29. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS...............................................................................82
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Option One Mortgage Accept Corp Asset Backed Cer Ser 2002-4)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ......................................82 SECTION 3.123.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ......................................................83 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ................................................85 SECTION 3.18. Servicing Compensation................................................................89 .........................................................................87 SECTION 3.19. Reports to the Trustee; Collection Account Statements..........................................87 SECTION 3.20. Statement as to Compliance............................................................90 .....................................................................87 SECTION 3.203.21. Independent Public Accountants' Servicing Report......................................90 ...............................................88 SECTION 3.213.22. Access to Certain Documentation.......................................................91 ; Filing of Reports by Trustee..................................88 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle, Management and Disposition of REO Property..............................................90 SECTION 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls ....................................................................................93 SECTION 3.25.
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Option One Mortgage Accep Corp Asset Back Certs Ser 2003 5)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 82 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 83 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 85 SECTION 3.14. [Reserved]............................................................................87 88 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 88 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 89 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 89 SECTION 3.18. Servicing Compensation................................................................89 91 SECTION 3.19. Statement as to Compliance............................................................90 91 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 92 SECTION 3.21. Access to Certain Documentation.......................................................91 92 SECTION 3.22. [Reserved]............................................................................92 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS93
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2004-W1)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ................................77 SECTION 3.123.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ................................................78 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ..........................................80 SECTION 3.18. Servicing Compensation................................................................89 ...................................................................81 SECTION 3.19. Reports to the Trustee; Collection Account Statements....................................82 SECTION 3.20. Statement as to Compliance............................................................90 ...............................................................82 SECTION 3.203.21. Independent Public Accountants' Servicing Report......................................90 .........................................82 SECTION 3.213.22. Access to Certain Documentation.......................................................91 ..........................................................83 SECTION 3.23. Advance Facility......................................................................91 Title, Management and Disposition of REO Property........................................83 SECTION 3.24. Obligations of the Servicer in Respect of Prepayment Interest Shortfalls.................86 SECTION 3.25. Obligations of the Servicer in Respect of Mortgage Rates and Monthly Payments............87 SECTION 3.26. Net WAC Fund; Cap Agreement..............................................................87 SECTION 3.27. Reserved.................................................................................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Backed Sec Corp Home Equity Loan Trust Series 2001 He3)
Enforcement of Due. Onon-Sale Clauses; Assumption and Modification Agreements. .....................................................................................81 SECTION 3.12. ; Release or Substitution of Lien..................................................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Mortgage Home Equity Loans.............................................82 SECTION 3.13. Title, Management ; Loss Mitigation............19 Section 3.08 Issuer and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Indenture Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. ................................22 Section 3.09 Servicing Compensation................................................................89 SECTION 3.19. ; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' ........................................24 Section 3.11 Annual Servicing Report......................................90 SECTION 3.21. ..................................................24 Section 3.12 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSDocumentation and Information Regarding the Home Equity Loans ............................................................25 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property.......................................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27
Appears in 1 contract
Sources: Servicing Agreement (Home Equity Loan Trust 2005-Hs2)
Enforcement of Due. Onon-Sale Clauses; Assumption and Modification Agreements. .....................................................................................81 SECTION 3.12. ; Release or Substitution of Lien.........16 Section 3.06 Trust Estate; Related Documents..................................18 Section 3.07 Realization Upon Defaulted Mortgage Home Equity Loans.............................................82 SECTION 3.13. Title, Management ; Loss Mitigation....19 Section 3.08 Issuer and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Indenture Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. ........................22 Section 3.09 Servicing Compensation................................................................89 SECTION 3.19. ; Payment of Certain Expenses by Master Servicer..................................................23 Section 3.10 Annual Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' ................................23 Section 3.11 Annual Servicing Report......................................90 SECTION 3.21. ..........................................24 Section 3.12 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSDocumentation and Information Regarding the Home Equity Loans............................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies..............25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property ........................................................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.............25 Section 3.16 Limited Home Equity Loan Repurchase Right........................27 I
Appears in 1 contract
Sources: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ...................................................................77 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ; Determination of Excess Proceeds; Repurchase of Certain Mortgage Loans.................................78 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 81 SECTION 3.183.14. Documents, Records and Funds in Possession of Subservicer to be Held for the Trustee......................................................83 SECTION 3.15. Servicing Compensation................................................................89 83 SECTION 3.19. Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.213.16. Access to Certain Documentation.......................................................91 84 SECTION 3.233.17. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSAnnual Statement as to Compliance.....................................................84 SECTION 3.18. Annual Independent Public Accountants' Servicing Statement; Financial Statements..................................................................84 ARTICLE IV
Appears in 1 contract
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ...................71 SECTION 3.12. 3.16 Realization Upon Defaulted Mortgage Loans...................................72 SECTION 3.17 Trustee and Custodian to Cooperate; Release of Mortgage Files...............74 SECTION 3.18 Servicing Compensation......................................................75 SECTION 3.19 Reports to the Trustee and Others; Custodial Account Statements.............76 SECTION 3.20 [Reserved]..................................................................76 SECTION 3.21 [Reserved]..................................................................76 SECTION 3.22 Access to Certain Documentation.............................................82 76 SECTION 3.13. 3.23 Title, Management and Disposition of REO Property.....................................84 ...........................77 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports 3.24 Obligations of Foreclosure and Abandonment the Servicer in Respect of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. Servicing Compensation................................................................89 SECTION 3.19. Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.21. Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSPrepayment Interest Shortfalls....80
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2006-Nc2)
Enforcement of Due. Onon-Sale Clauses; Assumption and Modification Agreements. .....................................................................................81 SECTION 3.12. ; Release or Substitution of Lien..................................................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Mortgage Home Equity Loans.............................................82 SECTION 3.13. Title, Management ; Loss Mitigation............19 Section 3.08 Issuer and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Indenture Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18. ................................22 Section 3.09 Servicing Compensation................................................................89 SECTION 3.19. ; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' ........................................23 Section 3.11 Annual Servicing Report......................................90 SECTION 3.21. ..................................................24 Section 3.12 Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSDocumentation and Information Regarding the Home Equity Loans ............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property.......................................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27
Appears in 1 contract
Sources: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements; Defeasance Provisions...................89 SECTION 3.10. .....................................................................................81 SECTION 3.12. Appraisals; Realization Upon Defaulted Mortgage Loans.............................................82 ..............................................92 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.173.11. Trustee to Cooperate; Release of Mortgage Files.......................................88 ....................................................97 SECTION 3.183.12. Servicing Fees, Trustee Fees and Special Servicing Compensation................................................................89 ....................................98 SECTION 3.193.13. Reports to the Trustee; Collection Account Statements.............................................100 SECTION 3.14. Annual Statement as to Compliance............................................................90 .................................................................104 SECTION 3.203.15. Annual Independent Public Accountants' Servicing Report......................................90 ...........................................104 SECTION 3.213.16. Access to Certain Documentation.......................................................91 ...................................................................105 SECTION 3.233.17. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle and Management of REO Properties and REO Account Properties.................................105 SECTION 3.18. Sale of Specially Serviced Mortgage Loans and REO Properties......................................110 SECTION 3.19. Additional Obligations of the Servicer and the Special Servicer; Inspections......................112 SECTION 3.20. Authenticating Agent..............................................................................113 SECTION 3.21. Appointment of Custodians.........................................................................
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset Securitization Corp Comm Mort Pass THR Cer Ser 1997-D4)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION ...........................52 Section 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION ...........................................53 Section 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 3.18.....................................55 Section 3.14. Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee..........................................................56 Section 3.15. Servicing Compensation................................................................89 SECTION 3.19..............................................................56 Section 3.16. Access to Certain Documentation.....................................................56 Section 3.17. Annual Statement as to Compliance............................................................90 SECTION 3.20...................................................57 Section 3.18. Annual Independent Public Accountants' Servicing ReportStatement; Financial Statements................................................................57 Section 3.19. Errors and Omissions Insurance; Fidelity Bonds......................................90 SECTION 57 Section 3.20. Notification of Adjustments.........................................................58 Section 3.21. Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSPrepayment Charges..................................................................58 ARTICLE FOUR Distributions and Advances by the Master Servicer.....................................59
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Indymac MBS Inc Residential Asset Securitization Tr 2002-A6)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ............................................................................72 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ; Determination of Excess Proceeds; Repurchase of Certain Mortgage Loans.................................74 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 76 SECTION 3.183.14. Documents, Records and Funds in Possession of Subservicer to be Held for the Trustee..................................................................78 SECTION 3.15. Servicing Compensation................................................................89 78 SECTION 3.19. Statement as to Compliance............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.213.16. Access to Certain Documentation.......................................................91 79 SECTION 3.233.17. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSAnnual Statement as to Compliance.....................................................79 SECTION 3.18. Annual Independent Public Accountants' Servicing Statement; Financial Statements..................................................................80 ARTICLE IV
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Mortgage Finance Corp)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12.............................69 Section 3.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 70 Section 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION 72 Section 3.18. Servicing Compensation................................................................89 SECTION 73 Section 3.19. Reports to the Trustee; Collection Account Statements.................................74 Section 3.20. Statement as to Compliance............................................................90 SECTION 3.2074 Section 3.21. Independent Public Accountants' Servicing Report......................................90 SECTION 3.2174 Section 3.22. Access to Certain Documentation.......................................................91 SECTION ; Filing of Reports by Trustee.........................75 Section 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle, Management and Disposition of REO Property.....................................76 Section 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls.....................................................79 Section 3.25. [Reserved]............................................................................79 Section 3.26. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments..................................................................79 Section 3.27. Solicitations.........................................................................79 Section 3.28. Reserve Funds.........................................................................80
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Option One Mort Ln Tr 1999-3 Asset Backed Cert Ser 1999-3)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ........................63 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ; Determination of Excess Proceeds.........................................................................64 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ..................................66 SECTION 3.183.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee..........................................................................67 SECTION 3.15. Servicing Compensation................................................................89 ...........................................................67 SECTION 3.193.16. Access to Certain Documentation..................................................68 SECTION 3.17. Annual Statement as to Compliance............................................................90 ................................................68 SECTION 3.203.18. Annual Independent Public Accountants' Servicing Report......................................90 Statement; Financial Statements.......................................................................68 SECTION 3.213.19. Access to Certain DocumentationRights of the NIMs Insurer.......................................................91 69 SECTION 3.233.20. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSPeriodic Filings.................................................................69
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Chase Funding Loan Acquisition Trust, Series 2004-Aq1)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 .........................87 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 .........................................88 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 .................................90 SECTION 3.14. [Reserved]............................................................................87 ........................................................................94 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 ....................94 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 .....................................94 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ...................................95 SECTION 3.18. Servicing Compensation................................................................89 ............................................................96 SECTION 3.19. Statement as to Compliance............................................................90 ........................................................97 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 SECTION 3.21. Access to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS..................................97
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Asset-Backed Pass-Through Certificates Series 2005-R2)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ....-68- SECTION 3.123.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ....................-69- SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ..............-71- SECTION 3.18. Servicing Compensation................................................................89 .......................................-72- SECTION 3.19. Reports to the Trustee; Collection Account Statements........-72- SECTION 3.20. Statement as to Compliance............................................................90 ...................................-72- SECTION 3.203.21. Independent Public Accountants' Servicing Report......................................90 .............-73- SECTION 3.213.22. Access to Certain Documentation.......................................................91 ..............................-73- SECTION 3.23. Title, Management and Disposition of REO Property............-74- SECTION 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls...............................-77- SECTION 3.25. Obligations of the Master Servicer in Respect of Monthly Payments.............................................-77- SECTION 3.26. Advance Facility......................................................................91 .............................................-77- ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Salomon Bro Mor Sec Vii Inc Citigroup Mor Ln Tr Ser 2003-Up2)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ..................................49 SECTION 3.123.13. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ..................................................50 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate; Release of Trustee Mortgage Files.......................................88 ....................................52 SECTION 3.15. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee for the Benefit of the Certificateholders......................................................53 SECTION 3.16. Servicing Compensation; Compensating Interest..............................................53 SECTION 3.17. Reports to the Depositor; Account Statements...............................................54 SECTION 3.18. Servicing Compensation................................................................89 SECTION 3.19. Annual Statement as to Compliance............................................................90 ..........................................................54 SECTION 3.203.19. Annual Independent Public Accountants' Servicing Report......................................90 ....................................54 SECTION 3.213.20. Access Reports to Certain Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTrustee.........................................................................55 ARTICLE IV ADMINISTRATION OF THE TRUST FUND
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Structured Asset Securities Corp)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12; Subordinate Financing .................................. 83 3.09. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17Loans .......................... 85 3.10. Trustee to Cooperate; Release of Mortgage Files.......................................Files .................... 88 SECTION 3.183.11. Servicing Compensation................................................................; Interest on Servicing Advances; Payment of Certain Expenses; Obligations of the Trustee and the Fiscal Agent Regarding Back-up Servicing Advances ......... 89 SECTION 3.193.12. Inspections; Collection of Financial Statements .................... 94 3.13. Annual Statement as to Compliance............................................................90 SECTION 3.20Compliance .................................. 95 3.14. Reports by Independent Public Accountants' Servicing Report......................................90 SECTION 3.21Accountants .......................... 96 3.15. Access to Certain Documentation.......................................................91 SECTION 3.23Information ...................................... 96 3.16. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle to REO Property; REO Account ................................. 97 3.17. Management of REO Property ......................................... 98 3.18. Sale of Mortgage Loans and REO Properties .......................... 101 3.19. Additional Obligations of the Master Servicer and the Special Servicer ............................................... 104 3.20. Modifications, Waivers, Amendments and Consents ....................
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Mortgage Capital Funding Inc)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ......................................78 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ......................................................79 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ..............................................81 SECTION 3.14. [Reserved]............................................................................87 .....................................................................................84 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 .................................84 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ..................................................84 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ................................................85 SECTION 3.18. Servicing Compensation................................................................89 .........................................................................86 SECTION 3.19. Statement as to Compliance............................................................90 .....................................................................87 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 ...............................................87 SECTION 3.21. Access to Certain Documentation.......................................................91 ................................................................88 SECTION 3.22. PMI Policy; Claims Under the PMI Policy........................................................89 SECTION 3.23. Advance Facility......................................................................91 ...............................................................................89
ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Asset Back Ps THR Certs Ser 2003-Ar2)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 SECTION 3.12.....................................71 3.16. Realization Upon Defaulted Mortgage Loans.............................................82 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION .....................................................72 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 SECTION ...............................................74 3.18. Servicing Compensation................................................................89 SECTION ........................................................................75 3.19. Reports to the Trustee; Collection Account Statements.........................................76 3.20. Statement as to Compliance............................................................90 SECTION 3.20....................................................................76 3.21. Independent Public Accountants' Servicing Report......................................90 SECTION 3.21..............................................77 3.22. Access to Certain Documentation.......................................................91 SECTION ...............................................................77 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERSTitle, Management and Disposition of REO Property.............................................78 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls...........................................................................81 3.25. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments......................................................................................81
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Fl Rte Pa THR Cer Ser 1999-Lbi)
Enforcement of Due. On-Sale Clauses; Assumption Agreements. .....................................................................................81 ..............................................................77 SECTION 3.12. Realization Upon Defaulted Mortgage Loans.............................................82 ......................78 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 ..............79 SECTION 3.14. [Reserved]............................................................................87 .....................................................83 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 .....................................................83 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 ..................83 SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.......................................88 ................84 SECTION 3.18. Servicing Compensation................................................................89 .........................................85 SECTION 3.19. Statement as to Compliance............................................................90 .....................................85 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 ...............86 SECTION 3.21. Access to Certain Documentation.......................................................91 ................................86 SECTION 3.22. [Reserved].....................................................87 SECTION 3.23. Advance Facility......................................................................91 ...............................................87 SECTION 3.24. PMI Policy; Claims Under the PMI Policy........................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Ameriquest Mortgage Sec Inc as Bk Pas THR Cers Ser 2004 Fr1)
Enforcement of Due. On-Sale Clauses; Assumption TABLE OF CONTENTS (continued) Page Agreements. .....................................................................................81 ; Subordinate Financing; Defeasance .......................................97 SECTION 3.12. 3.09 Realization Upon Defaulted Mortgage Loans.............................................82 Loans ..........................................101 SECTION 3.13. Title, Management and Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. 3.10 Trustee to Cooperate; Release of Mortgage Files.......................................88 Files ....................................104 SECTION 3.18. 3.11 Servicing Compensation................................................................89 ; Nonrecoverable Servicing Advances ..........................105 SECTION 3.19. Statement as to Compliance............................................................90 3.12 Inspections; Collection of Financial Statements ....................................109 SECTION 3.20. Independent Public Accountants' Servicing Report......................................90 3.13 Reserved ...........................................................................110 SECTION 3.21. 3.14 Reserved ...........................................................................110 SECTION 3.15 Access to Certain Documentation.......................................................91 Information ......................................................110 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS3.16 Title to REO Property; REO Account .................................................111 SECTION 3.17 Management of REO Property; Independent Contractors ................................112 SECTION 3.18 Sale of Defaulted Mortgage Loans ...................................................115
Appears in 1 contract
Sources: Pooling and Servicing Agreement (Gmac Commercial Mortgage Securities Inc)