Conveyance of REMIC. II Regular Interests;
Conveyance of REMIC. Regular Interests and Acceptance of REMIC 2 and REMIC 3 by the Trustee; Issuance of Certificates.
Conveyance of REMIC. I Regular Interests; Acceptance of REMIC II by the Trustee. The Sponsor, as of the Closing Date, and concurrently with the execution and delivery hereof, does hereby assign without recourse all the right, title and interest of the Sponsor in and to the REMIC I Regular Interests to the Trustee for the benefit of the Holders of the REMIC II Certificates. The Trustee acknowledges the assignment to it of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Holders of the REMIC II Certificates.
Conveyance of REMIC. 1 Regular Interests and REMIC 2 Regular Interests and Acceptance of REMIC 1 and REMIC 2 by the Trustee; Issuance of Certificates and REMIC 3 Regular Interests.
Conveyance of REMIC. II Regular Interests; Acceptance of REMIC III by the Trustee. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC II Regular Interests for the benefit of the REMIC III Regular Interests and Class R-III Residual Interest. The Trustee acknowledges receipt of the REMIC II Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of REMIC III.
Conveyance of REMIC. I Regular Interests; Acceptance of REMIC II by the Trustee. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse all the right, title and interest of the Depositor in and to the REMIC I Regular Interests for the benefit of the Class R-II and REMIC III Certificateholders. The Trustee acknowledges receipt of the REMIC I Regular Interests and declares that it holds and will hold the same in trust for the exclusive use and benefit of all present and future Class R-II Certificateholders and REMIC III Certificateholders. The rights of the Class R-II Certificateholders and REMIC III (as holder of the REMIC II Regular Interests) to receive distributions from the proceeds of REMIC II in respect of the Class R-II Certificates and REMIC II Regular Interests, respectively, and all ownership interests evidenced or constituted by the Class R-II Certificates and the REMIC II Regular Interests, shall be as set forth in this Agreement.
Conveyance of REMIC. IV Regular Interests (other than the Class CX-3 and Class 3X-2 Certificates);
Conveyance of REMIC. REGULAR INTERESTS AND ACCEPTANCE OF REMIC 1 BY THE TRUSTEE; ISSUANCE OF CERTIFICATES...........48 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS.........................................................50
Conveyance of REMIC. Regular Interests and Acceptance of REMIC I, REMIC II, REMIC III, REMIC IV, REMIC V, REMIC VI and REMIC VII by the Trustee; Issuance of Certificates.
