Common use of Administration and Servicing of Contracts Clause in Contracts

Administration and Servicing of Contracts. Section 5.01. Responsibility for Contract Administration and Servicing..............................54 Section 5.02. Standard of Care......................................................................54 Section 5.03. Records...............................................................................54 Section 5.04. Inspection............................................................................54 Section 5.05. Establishment of and Deposits in the Certificate Account..............................55 Section 5.06. Payment of Taxes......................................................................56 Section 5.07. Enforcement...........................................................................56 Section 5.08. Transfer of the Certificate Account...................................................57 Section 5.09. Maintenance of Hazard Insurance Policies..............................................57 Section 5.10. Fidelity Bond and Errors and Omissions Insurance......................................58 Section 5.11. Collections under Hazard Insurance Policies; Consent to Transfers of Manufactured Homes; Assumption Agreements.............................................58 Section 5.12. Realization upon Defaulted Contracts..................................................59 Section 5.13. Costs and Expenses....................................................................60 Section 5.14. Trustee to Cooperate..................................................................60 Section 5.15.

Administration and Servicing of Contracts. 43 Section 5.01. 4.01 Responsibility for Contract Administration and Servicing..............................54 ......................... 43 Section 5.02. 4.02 Standard of Care......................................................................54 ................................................................. 44 Section 5.03. 4.03 Records...............................................................................54 .......................................................................... 44 Section 5.04. 4.04 Inspection............................................................................54 ....................................................................... 44 Section 5.05. 4.05 Establishment of and Deposits in the Certificate Account..............................55 ............................. 44 Section 5.06. 4.06 Payment of Taxes......................................................................56 ................................................................. 45 -i- TABLE OF CONTENTS (continued) Page Section 5.07. 4.07 Enforcement...........................................................................56 ..................................................................... 46 Section 5.08. 4.08 Transfer of the Certificate Account...................................................57 ................................................. 47 Section 5.09. 4.09 Maintenance of Hazard Insurance Policies..............................................57 ........................................ 47 Section 5.10. 4.10 Fidelity Bond and Errors and Omissions Insurance......................................58 ................................ 48 Section 5.11. 4.11 Collections under Hazard Insurance Policies; , Consent to Transfers of Manufactured Homes; , Assumption Agreements.............................................58 .......................................... 49 Section 5.12. 4.12 Realization upon Defaulted Contracts..................................................59 ............................................ 49 Section 5.13. 4.13 Costs and Expenses....................................................................60 .............................................................. 50 Section 5.14. 4.14 Trustee to Cooperate..................................................................60 ............................................................ 50 Section 5.15.4.15 Servicing and Other Compensation................................................ 50 Section 4.16 Custody of Contracts............................................................ 51

Administration and Servicing of Contracts. 39 Section 5.01. 4.01 Responsibility for Contract Administration and Servicing..............................54 .............................. 39 Section 5.02. 4.02 Standard of Care......................................................................54 ...................................................................... 40 Section 5.03. 4.03 Records...............................................................................54 ............................................................................... 40 Section 5.04. 4.04 Inspection............................................................................54 ............................................................................ 40 Section 5.05. 4.05 Establishment of and Deposits in the Certificate Account..............................55 .................................. 41 Section 5.06. 4.06 Payment of Taxes......................................................................56 ...................................................................... 42 Section 5.07. 4.07 Enforcement...........................................................................56 ........................................................................... 42 Section 5.08. 4.08 Transfer of the Certificate Account...................................................57 ....................................................... 43 Section 5.09. 4.09 Maintenance of Hazard Insurance Policies..............................................57 .............................................. 44 -i- TABLE OF CONTENTS (continued) Section 5.10. Fidelity Bond and Errors and Omissions Insurance......................................58 Section 5.11. 4.11 Collections under Hazard Insurance Policies; , Consent to Transfers of Manufactured Homes; , Assumption Agreements.............................................58 .......................................................... 45 Section 5.12. 4.12 Realization upon Defaulted Contracts..................................................59 .................................................. 46 Section 5.13. 4.13 Costs and Expenses....................................................................60 .................................................................... 47 Section 5.14. 4.14 Trustee to Cooperate..................................................................60 Section 5.15................................................................... 47

Administration and Servicing of Contracts. 38 Section 5.01. 4.01 Responsibility for Contract Administration and Servicing..............................54 .......................................... 38 Section 5.02. 4.02 Standard of Care......................................................................54 .................................................................................. 38 Section 5.03. 4.03 Records...............................................................................54 ........................................................................................... 39 Section 5.04. 4.04 Inspection............................................................................54 ........................................................................................ 39 Section 5.05. 4.05 Establishment of and Deposits in the Certificate Account..............................55 .............................................. 39 Section 5.06. 4.06 Payment of Taxes......................................................................56 .................................................................................. 40 Section 5.07. 4.07 Enforcement...........................................................................56 ....................................................................................... 41 Section 5.08. 4.08 Transfer of the Certificate Account...................................................57 ................................................................... 42 Section 5.09. 4.09 Maintenance of Hazard Insurance Policies..............................................57 .......................................................... 42 -i- TABLE OF CONTENTS (continued) Page Section 5.10. 4.10 Fidelity Bond and Errors and Omissions Insurance......................................58 .................................................. 43 Section 5.11. 4.11 Collections under Hazard Insurance Policies; , Consent to Transfers of Manufactured Homes; , Assumption Agreements.............................................58 ............................................................................. 44 Section 5.12. 4.12 Realization upon Defaulted Contracts..................................................59 .............................................................. 45 Section 5.13. 4.13 Costs and Expenses....................................................................60 ................................................................................ 45 Section 5.14. 4.14 Trustee to Cooperate..................................................................60 .............................................................................. 45 Section 5.15.4.15 Servicing and Other Compensation.................................................................. 46