Common use of STEPS AND PROCEDURES Clause in Contracts

STEPS AND PROCEDURES. a) The Seller is to assist the Trustee/Buyer with any documents that may be needed for the investigation of the chain of title report and any court requirements that may arise from the lawsuit. This Contractual Agreement allows the Trustee/Buyer to be an Entity of Interest in Common with the Seller for the property, and therefore can deal directly with the Bank alongside or in fact for, the Seller, in Court Proceedings, and Investigations. In most cases the Trustee/Buyer will not need any documentation from the Seller, but if something does arise, then we need the cooperation of the Seller in locating any documents or giving evidence to any points that may arise in court. b) The Trustee/Buyer will cover all costs of the investigation on the chain of title report in order to show how the Mortgage Note was split from the Deed. This separation between the Mortgage Note and the Deed, usually takes place within 90 days from the closing of the Mortgage Loan. c) The Mortgage then was transferred in to a Mortgage Backed Security and traded through (REMIC) "Real Estate Mortgage Investment Conduit". When this took place the Mortgage Note was split from the Deed, and can be verified by the Master Pooling and Servicing Agreement Contract under the Chapters for (REMIC). i) There are a lot of other companies in the industry that are attacking (MERS) "Mortgage Electronic Registration Service" in order to achieve a Quite Title and Punitive Damages. This is not the correct path to take, and many have failed learning this fact the hard way. ii) The correct path to take is how we handle the case here at NHBN, by directly attacking the bank who presently owns the servicing rights and therefore has possession of the voided Mortgage Note. We say “Voided”, for when the Mortgage Note was split from the Deed it became a nullity and therefore worthless. d) When that null and void Mortgage Note is further sold to a foreign investor, the transaction is now complete and final thereby stopping the Mortgage Note and Deed from ever be united back together. Once the Mortgage Note is split from the Deed, the Deed then becomes free and clear.

STEPS AND PROCEDURES. aA grievance shall be initiated with the administrator whose action or decision is alleged to have violated a provision of this Agreement. LEVEL I1 STEP 1 (Informal Level) The Seller grievant shall attempt to informally resolve the matter by a discussion with the administrator alleged to have violated a provision of this Agreement. STEP 2 If the matter is to assist not resolved at Step 1, the Trustee/Buyer with any documents that may be needed for the investigation grievant shall file a written statement of the chain of title report and any court requirements that may arise from the lawsuit. This Contractual Agreement allows the Trustee/Buyer to be an Entity of Interest in Common grievance with the Seller for administrator. Such filing shall be within s even (7) ten (10) days of the propertyStep 1 conference. STEP 3 Within s even (7) ten (10) days of the receipt of the grievance filed at Step 2, and therefore can deal directly the administrator shall set forth in writing h is/hertheir decision. LEVEL II (C STEP 1 hief Human Resources OfficerSuperintendent or Superintendent's Designee) An appeal of a grievance from Level I shall be filed with the Bank alongside Chief Human Resources Officer or in fact forS uperintendent or Superintendent's Designee within s even (7) ten (10) days following receipt of the Level I, Step 3 decision. Only the Association may advance a grievance to Level II. STEP 2 Within ten (10) days of receipt of the appeal, the Seller, in Court Proceedings, and InvestigationsChief Human Resources Officer or designee Superintendent or Superintendent's Designee shall conduct a grievance hearing at a mutually acceptable time. In most cases the Trustee/Buyer will not need any documentation from the Seller, but if something does arise, then we need the cooperation Within s even (7)ten (10) days following completion of the Seller in locating any documents or giving evidence hearing, a written decision shall be provided to any points that may arise in court. bthe parties. STEP 3 W ithin seven (7) The Trustee/Buyer will cover all costs days following receipt of the investigation on Level II, Step 2 decision, the chain grievant shall notify t he Superintendent or Superintendent's Designee as to whether or not the decision is acceptable. If it is not acceptable, the decision shall be submitted to the Superintendent for recommendation to the Board of title report in order to show how Education. Board action shall ordinarily take place at the Mortgage Note was split from next scheduled Board m eeting provided the Deed. This separation between the Mortgage Note and the Deed, usually takes place within 90 next scheduled meeting is beyond seven (7) days from the closing date of the Mortgage Loan. c) The Mortgage then was transferred in to a Mortgage Backed Security and traded through (REMIC) "Real Estate Mortgage Investment Conduit". When this took place r eceipt of the Mortgage Note was split from notice that the Deed, and can be verified by the Master Pooling and Servicing Agreement Contract under the Chapters for (REMIC). i) There are a lot of other companies in the industry that are attacking (MERS) "Mortgage Electronic Registration Service" in order to achieve a Quite Title and Punitive Damages. This Superintendent or Superintendent's Designee's decision is not a cceptable. SECTION D - ARBITRATION If the correct path to take, and many have failed learning this fact the hard way. ii) The correct path to take is how we handle the case here at NHBN, by directly attacking the bank who presently owns the servicing rights and therefore has possession decision of the voided Mortgage Note. We say “Voided”, for when the Mortgage Note was split from the Deed it became a nullity and therefore worthless. d) When that null and void Mortgage Note B oard S uperintendent or Superintendent’s Designee is further sold to a foreign investornot acceptable, the transaction is now complete grievance may be pursued through arbitration. Only the Association may advance a grievance to g rievant A ssociation must notify the District within ten (10) days of the receipt of the S uperintendent’s or Superintendent’s Designee’s Board decision of i ts his/her intent to proceed to arbitration. Only the District and final thereby stopping the Mortgage Note and Deed from ever Association, in its behalf or on behalf of a substitute(s), shall be united back together. Once the Mortgage Note is split from the Deed, the Deed then becomes free and clearparties to arbitration.