Common use of Modification Agreements Clause in Contracts

Modification Agreements. 11 Section 3.06 Trust Estate; Related Documents...............................12 Section 3.07 Realization upon Defaulted Mortgage Loans.....................13 Section 3.08 Company and Indenture Trustee to Cooperate....................14 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 Section 3.10 Annual Statement as to Compliance.............................15 Section 3.11 Annual Servicing Report.......................................16 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 Section 3.15 Optional Repurchase of Defaulted Mortgage Loans...............17

Modification Agreements. 11 Section 3.06 Trust Estate; Related Documents......................................................................................12 Section 3.07 Realization upon Defaulted Mortgage Loans..................................................................13 Section 3.08 Company and Indenture Trustee to Cooperate................................................................14 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer.............................................................................15 Section 3.10 Annual Statement as to Compliance..................................................................................15 Section 3.11 Annual Servicing Report......................................................................................................16 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans................................................................................................................16 Section 3.13 Maintenance of Certain Servicing Insurance Policies..............................................16 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.............................................................16 Section 3.15 Optional Repurchase of Defaulted Mortgage Loans......................................................17

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 .......................................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 .............................15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 .............................16 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 .......17 Section 3.10 Annual Statement as to Compliance.............................15 .....................................17 Section 3.11 Annual Servicing Report.......................................16 ...............................................18 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ..............................................................18 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ...................18 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ......................19 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17.....................19

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 ........................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 ..............15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 ..............16 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 ...................................17 Section 3.10 Annual Statement as to Compliance.............................15 ......................18 Section 3.11 Annual Servicing Report.......................................16 ................................18 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ...........................18 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ....19 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 .....................19 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17......19

Modification Agreements. 11 Section 3.06 3.06. Trust Estate; Related Documents...............................12 .............................11 Section 3.07 3.07. Realization upon Upon Defaulted Mortgage Loans.....................13 ...................12 Section 3.08 3.08. Company and Indenture Trustee to Cooperate......................................14 Section 3.09 3.09. Servicing Compensation; Payment of Certain Expenses by Servicer.......................................................................................................15 Section 3.10 3.10. Annual Statement as to Compliance........................................................15 Section 3.11 3.11. Annual Servicing Report............................................................................16 Section 3.12 3.12. Access to Certain Documentation and Information Regarding the Mortgage Loans............................................................................16 Section 3.13 3.13. Maintenance of Certain Servicing Insurance Policies....................16 Section 3.14 3.14. Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ..........................................17 Section 3.15 3.15. Optional Repurchase of Defaulted Mortgage Loans............................17

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 ..................................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 ........................15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 ........................17 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 18 Section 3.10 Annual Statement as to Compliance.............................15 ................................18 Section 3.11 Annual Independent Public Accountants' Servicing Report.......................................16 ...........................................................19 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 .....................................19 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ..............19 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ...............................................20 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17................20 Section 3.16 Hedge Agreement..................................................21 Section 3.17 Reserved.........................................................21 Section 3.18 Pre-Funding Account..............................................21 Section 3.19 Capitalized Interest Account.....................................23 Section 3.20 Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments.....................24 Section 3.21 Advance Facility.................................................25

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 ...................................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 .........................15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 .........................16 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 ..........................................................17 Section 3.10 Annual Statement as to Compliance.............................15 .................................18 Section 3.11 Annual Servicing Report.......................................16 ...........................................18 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ................................................18 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ...............19 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ..........................................................19 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17.................19 Section 3.16 Reserved..........................................................21 Section 3.17 Pre-Funding Account...............................................21 Section 3.18 Funding Account...................................................22 Section 3.19 Capitalized Interest Account......................................24 Section 3.20 Reserve Sub-Account...............................................25 Section 3.21 Enforcement of Due-on-Sale Clauses; Assumption and Modification Agreements; Certain Assignments......................25

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 ...................................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 .........................15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 .........................16 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 ..........................................................17 Section 3.10 Annual Statement as to Compliance.............................15 .................................18 Section 3.11 Annual Servicing Report.......................................16 ...........................................18 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ................................................18 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ...............19 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ..........................................................19 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17.................19 Section 3.16 Reserved..........................................................21

Modification Agreements. 11 13 Section 3.06 3.07 Trust Estate; Related Documents...............................12 ................................14 Section 3.07 3.08 Realization upon Defaulted Mortgage Loans.....................13 ......................14 Section 3.08 Company 3.09 Management and Sale of REO Property............................15 Section 3.10 Issuer and Indenture Trustee to Cooperate....................14 ......................15 Section 3.09 Servicing 3.11 Compensation; Payment of Certain Expenses by Servicer......................................................15 Expenses......................16 Section 3.10 3.12 Annual Statement as to Compliance.............................15 ..............................17 Section 3.11 3.13 Annual Servicing Report.......................................16 ........................................17 Section 3.12 3.14 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ..................................17 Section 3.13 3.15 Maintenance of Certain Servicing Insurance Policies...........16 ............17 Section 3.14 3.16 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ..........................................18 Section 3.15 Optional Repurchase 3.17 Assignments; Recordings of Defaulted Mortgage Loans...............17Assignments.........................18 Section 3.18 [Reserved].....................................................19 -i- TABLE OF CONTENTS (Continued) Page

Modification Agreements. 11 Section 3.06 Trust Estate; Related Documents...............................................................12 Section 3.07 Realization upon Defaulted Mortgage Loans...........................................13 Section 3.08 Company and Indenture Trustee to Cooperate.........................................14 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer.............................................................................................................15 Section 3.10 Annual Statement as to Compliance...........................................................15 Section 3.11 Annual Servicing Report...............................................................................16 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans.........................................................................................16 Section 3.13 Maintenance of Certain Servicing Insurance Policies.......................16 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property...................................................................................16 Section 3.15 Optional Repurchase of Defaulted Mortgage Loans...............................17

Modification Agreements. 11 14 Section 3.06 Trust Estate; Related Documents...............................12 ..................................14 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 ........................15 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 ........................17 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 .........................................................18 Section 3.10 Annual Statement as to Compliance.............................15 ................................18 Section 3.11 Annual Servicing Report.......................................16 ..........................................18 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ...............................................19 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ..............19 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 .........................................................19 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17................19

Modification Agreements. 11 13 Section 3.06 Trust Estate; Related Documents...............................12 ...................................13 Section 3.07 Realization upon Upon Defaulted Mortgage Loans.....................13 .........................14 Section 3.08 Company Issuer and Indenture Trustee to Cooperate....................14 .........................15 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Servicer......................................................15 ..........................................................16 Section 3.10 Annual Statement as to Compliance.............................15 .................................16 Section 3.11 Annual Servicing Report.......................................16 ...........................................17 Section 3.12 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................16 ................................................17 Section 3.13 Maintenance of Certain Servicing Insurance Policies...........16 ...............17 Section 3.14 Information Required by the Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property.........................................16 ..........................................................17 Section 3.15 Optional Repurchase or Transfer of Defaulted Mortgage Loans...............17.................18 Section 3.16 Reserved..........................................................19 Section 3.17 Pre-Funding Account...............................................19