Common use of Payments to Certificateholders Clause in Contracts

Payments to Certificateholders. 70 Section 4.01. Payment Account..................................................70 Section 4.02. Distributions....................................................71 Section 4.03. Statements to Certificateholders.................................77 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 Section 4.05. Allocation of Realized Losses....................................79 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 ARTICLE V THE CERTIFICATES.........................................................82 Section 5.01. The Certificates.................................................82 Section 5.02. Registration of Transfer and Exchange of Certificates............83 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................89

Payments to Certificateholders. 70 Section 113 SECTION 4.01. Payment Account..................................................70 Section Distributions...........................................................................113 SECTION 4.02. Distributions....................................................71 Section 4.03. Statements to Certificateholders.................................77 Section ; CSSA Standard Information Package.....................122 SECTION 4.03. P&I Advances............................................................................127 SECTION 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 Section 4.05. Allocation of Realized Losses....................................79 Section Collateral Support Deficit................................................129 SECTION 4.05. Appraisal Reductions....................................................................130 SECTION 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 Certificate Deferred Interest...........................................................130 ARTICLE V V. THE CERTIFICATES.........................................................82 Section ..............................................131 SECTION 5.01. The Certificates.................................................82 Section ........................................................................131 SECTION 5.02. Registration of Transfer and Exchange of Certificates............83 Section ...................................132 SECTION 5.03. Book-Entry Certificates.................................................................141 SECTION 5.04. Mutilated, Destroyed, Lost or Stolen Certificates................88 Section 5.04.......................................143 SECTION 5.05. Persons Deemed Owners............................................88 Section 5.05...................................................................144 SECTION 5.06. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................89.............................................................144 ARTICLE VI.

Payments to Certificateholders. 70 Section 4.01. Payment Account..................................................70 Section 4.02. Distributions....................................................71 Section 4.03. Statements to Certificateholders.................................77 80 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 .....................................................81 Section 4.05. Allocation of Realized Losses....................................79 82 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 84 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 84 ARTICLE V THE CERTIFICATES.........................................................82 84 Section 5.01. The Certificates.................................................82 84 Section 5.02. Registration of Transfer and Exchange of Certificates............83 86 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 91 Section 5.04. Persons Deemed Owners............................................88 92 Section 5.05. Appointment of Paying Agent......................................88 92 Section 5.06. Optional Purchase of Certificates................................8992

Payments to Certificateholders. 70 69 Section 4.01. Payment Account..................................................70 69 Section 4.02. Distributions....................................................71 70 Section 4.03. Statements to Certificateholders.................................77 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 Section 4.05. Allocation of Realized Losses....................................79 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 ARTICLE V THE CERTIFICATES.........................................................82 81 Section 5.01. The Certificates.................................................82 81 Section 5.02. Registration of Transfer and Exchange of Certificates............83 82 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 89 Section 5.06. Optional Purchase of Certificates................................89

Payments to Certificateholders. 70 Section 4.01. Payment Account..................................................70 Section 4.02. Distributions....................................................71 70 Section 4.03. Statements to Certificateholders.................................77 80 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 81 Section 4.05. Allocation of Realized Losses....................................79 82 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 84 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 84 Section 4.08. Determination of LIBOR...........................................84 ARTICLE V THE CERTIFICATES.........................................................82 85 Section 5.01. The Certificates.................................................82 85 Section 5.02. Registration of Transfer and Exchange of Certificates............83 86 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 92 Section 5.04. Persons Deemed Owners............................................88 92 Section 5.05. Appointment of Paying Agent......................................88 93 Section 5.06. Optional Purchase of Certificates................................8993

Payments to Certificateholders. 70 Section 4.01. Payment Account..................................................70 Section 4.02. Distributions....................................................71 Section 4.03. Statements to Certificateholders.................................77 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer..................................................................................................78 Section 4.05. Allocation of Realized Losses....................................79 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 Section 4.08. Hedge Agreement..................................................81 Section 4.09. Auction Administration Agreement; Swap Agreement.................81 ARTICLE V THE CERTIFICATES.........................................................82 81 Section 5.01. The Certificates.................................................82 81 Section 5.02. Registration of Transfer and Exchange of Certificates............83 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................8988

Payments to Certificateholders. 70 67 Section 4.01. Payment Account..................................................70 67 Section 4.02. Distributions....................................................71 67 Section 4.03. Statements to Certificateholders.................................77 73 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 .........................................................74 Section 4.05. Allocation of Realized Losses....................................79 76 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 77 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 77 ARTICLE V THE CERTIFICATES.........................................................82 77 Section 5.01. The Certificates.................................................82 77 Section 5.02. Registration of Transfer and Exchange of Certificates............83 79 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 84 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................8985

Payments to Certificateholders. 70 69 Section 4.01. Payment Account..................................................70 .....................................................69 Section 4.02. Distributions....................................................71 .......................................................70 Section 4.03. Statements to Certificateholders.................................77 ....................................79 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 ....................................................80 Section 4.05. Allocation of Realized Losses....................................79 .......................................81 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 .......83 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 ARTICLE .......................83 Section 4.08. Insured Reserve Fund................................................83 Section 4.09. Rounding Account....................................................84 Section 4.10. Principal Distributions on the Insured Certificates.................84 Article V THE CERTIFICATES.........................................................82 89 Section 5.01. The Certificates.................................................82 ....................................................89 Section 5.02. Registration of Transfer and Exchange of Certificates............83 ...............90 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 ...................96 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................89...............................................96

Payments to Certificateholders. 70 Section 4.01. Payment Certificate Account.............................................................................................................. 70 Section 4.02. Distributions...................................................................................................................... 71 Section 4.03. Statements to Certificateholders.................................77 ; Statements to Rating Agencies; Exchange Act Reporting......................................................... 71 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Master Servicer.........................................78 ................................................................ 73 Section 4.05. Allocation of Realized Losses....................................79 .................................................. 74 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 .................. 75 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 .................................. 75 Section 4.08. Surety Bond.................................................................... 75 ARTICLE V THE CERTIFICATES.........................................................82 ............................................................................... 76 Section 5.01. The Certificates.................................................82 ............................................................... 76 Section 5.02. Registration of Transfer and Exchange of Certificates............83 .......................... 78 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 .............................. 84 Section 5.04. Persons Deemed Owners............................................88 .......................................................... 84 TABLE OF CONTENTS (continued) Page Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................89.................................................... 85

Payments to Certificateholders. 70 66 Section 4.01. Payment Account..................................................70 ...................................................66 Section 4.02. Distributions....................................................71 .....................................................67 Section 4.03. Statements to Certificateholders.................................77 ..................................76 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 ..........................................77 Section 4.05. Allocation of Realized Losses....................................79 .....................................78 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 .....79 Section 4.07. Optional Purchase of Defaulted Mortgage Loans.........................................79 Section 4.08. Insured Reserve Fund..............................................79 Section 4.09. Determination of LIBOR............................................80 ARTICLE V THE CERTIFICATES.........................................................82 81 Section 5.01. The Certificates.................................................82 ..................................................81 Section 5.02. Registration of Transfer and Exchange of Certificates............83 .............82 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates.................................88 Section 5.04. Persons Deemed Owners.........................................................................................88 Section 5.05. Appointment of Paying Agent.............................................................................88 Section 5.06. Optional Purchase of Certificates.................................................................89

Payments to Certificateholders. 70 Section 4.01. Payment Account..................................................70 Section 4.02. Distributions....................................................71 70 Section 4.03. Statements to Certificateholders.................................77 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 Section 4.05. Allocation of Realized Losses....................................79 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 ARTICLE V THE CERTIFICATES.........................................................82 81 Section 5.01. The Certificates.................................................82 81 Section 5.02. Registration of Transfer and Exchange of Certificates............83 82 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 87 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................8987

Payments to Certificateholders. 70 76 Section 4.01. Payment Account..................................................70 Certificate Account ..................................... 76 Section 4.02. Distributions....................................................71 Distributions ........................................... 76 Section 4.03. Statements to Certificateholders.................................77 ; Statements to Rating Agencies; Exchange Act Reporting ........................ 80 Section 4.04. Distribution of Reports to the Trustee and the CompanyDepositor; Advances by the Servicer.........................................78 Master Servicer ......................... 83 Section 4.05. Allocation of Realized Losses....................................79 Losses ........................... 85 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 Property ................................................ 86 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 Loans ........... 87 Section 4.08. [Reserved] .............................................. 87 Section 4.09. [Reserved] .............................................. 87 Section 4.10. [Hedge Agreement.] ...................................... 87 ARTICLE V THE CERTIFICATES.........................................................82 CERTIFICATES ............................................... 88 Section 5.01. The Certificates.................................................82 Certificates ........................................ 88 Section 5.02. Registration of Transfer and Exchange of Certificates............83 Certificates ... 90 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 Certificates ....... 97 Section 5.04. Persons Deemed Owners............................................88 Section 5.05. Appointment of Paying Agent......................................88 Section 5.06. Optional Purchase of Certificates................................89Owners ................................... 97

Payments to Certificateholders. 70 71 Section 4.01. Payment Account..................................................70 71 Section 4.02. Distributions....................................................71 Section 4.03. Statements to Certificateholders.................................77 81 Section 4.04. Distribution of Reports to the Trustee and the Company; Advances by the Servicer.........................................78 81 Section 4.05. Allocation of Realized Losses....................................79 83 Section 4.06. Reports of Foreclosures and Abandonment of Mortgaged Property....80 84 Section 4.07. Optional Purchase of Defaulted Mortgage Loans....................80 84 ARTICLE V THE CERTIFICATES.........................................................82 85 Section 5.01. The Certificates.................................................82 85 Section 5.02. Registration of Transfer and Exchange of Certificates............83 86 Section 5.03. Mutilated, Destroyed, Lost or Stolen Certificates................88 92 Section 5.04. Persons Deemed Owners............................................88 92 Section 5.05. Appointment of Paying Agent......................................88 92 Section 5.06. Optional Purchase of Certificates................................8993