ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- SECTION 3.03. Successor Sub-Servicers......................................................................-62- SECTION 3.04. Liability of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Mort Asset Sec Transactions Inc Mastr as Bk Sec Tr 03 Nc1), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Cert Ser 2002-Nc1), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Inc Mort Pas THR Cer Ser 2002-Opt1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................51 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .........................53 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................54 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................54 3.05. No Contractual Relationship Between Sub-Servicers and the Servicers, Trust Administrator, Trustee or Certificateholders...........................................................................-63- SECTION ..................................................................54 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator...................55 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................55 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................56 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................56 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................57 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................59 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.....................61 3.13. [Reserved].....................................................................................63 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................63 3.15.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Sov Bk MRT Ln Tr Se 2002-1), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Series 2003 Ust-1), Pooling and Servicing Agreement (Salomon Mortgage Loan Trust Ser 2002-Ust1 Mort Pass-THR Cert)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................65 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................67 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................68 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................68 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................69 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...............................69 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................70 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................70 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................70 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................71 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- ...............................74 SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-PAGE ------- ----
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1998 -Nc4), Pooling and Servicing Agreement (New Century Mortgage Securities Inc)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...............................................................................................................................................................-61- SECTION 3.03. Successor Sub-Servicers......................................................................-62- SECTION 3.04. Liability of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts.................................................................................................................................................................-64- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mortgage Asset Securitization Transactions Inc Ser 2003-Opt1), Pooling and Servicing Agreement (Mortgage Asset Sec Trans Mastr Pass Thru Ser 2003-Opt2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- ...........................................-64- SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- -65- SECTION 3.03. Successor Sub-Servicers......................................................................-62- .............................................................-67- SECTION 3.04. Liability of the Master Servicer.............................................................-62- ....................................................-67- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the NIMS Insurer, the Trustee or Certificateholders...........................................................................-63- ..........................................-67- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- .............................................................................-68- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- ........................................-68- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- ..............................................................-69- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- -69- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.........................................-70-
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Opt1), Pooling and Servicing Agreement (Mastr Asset Backed Securities Trust 2004-Opt1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. 3.01 Master Servicer to Act as Master Servicer....................................................-59- .............67 SECTION 3.02. 3.02 Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- .................68 SECTION 3.03. 3.03 Successor Sub-Servicers......................................................................-62- ...............................70 SECTION 3.04. 3.04 Liability of the Master Servicer.............................................................-62- ......................70 SECTION 3.05. 3.05 No Contractual Relationship Between Sub-Servicers and the Trustee Trustee, Trust Administrator or Certificateholders...........................................................................-63- .............70 SECTION 3.06. 3.06 Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- .................................71 SECTION 3.07. 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- ..........71 SECTION 3.08. 3.08 Sub-Servicing Accounts.......................................................................-64- ................................72 SECTION 3.09. 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ..............................................72 SECTION 3.10. 3.10 Collection Account and Distribution Account..................................................-65- ...........73 SECTION 3.11. 3.11 Withdrawals from the Collection Account and Distribution Account.............................-67- ..............................75 SECTION 3.12. 3.12 Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-..................77
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Series 2004 - HYB4), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc. Series 2004 - HYB4)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer Servicers to Act as Master Servicer....................................................-59- SECTION Servicers.........................................................62 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ...........................65 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...............................................................66 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION 67 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders...........................................................................-63- SECTION Certificateholders ........................................................67 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator..........67 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..........................................68 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ................................................................68 TABLE OF CONTENTS (Continued) Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...........................................70 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ......................72 Section 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-Account .................................................................74 Section 3.13. [intentionally omitted]...............................................................75 Section 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........75
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Securities Corp)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................60 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................62 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................63 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................64 3.05. No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders...........................................................................-63- SECTION ...............................................64 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator..................................................................................64 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................65 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................65 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................66 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................66 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................69 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-...........................................................................71 3.13. [intentionally omitted]........................................................................72 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................72 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Broth Mo Se Vii Inc Fl Rt Mor Pa Th Cer Ser 1999 Nc2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ..............................................................76 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ..............................78 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ..................................................................79 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ................................................................79 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ..80 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION .........................80 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION .............................................81 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ...................................................................81 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Escrow Accounts............................................................................-64- SECTION ......................82 Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION ..............................................82 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.........................85
Appears in 1 contract
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .............................................65 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ....................67 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...............................................................68 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ......................................................68 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .................................................69 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ......................69 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..........................................69 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ................................................................70 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ....................................................................70 Section 3.10. Collection Account, Initial Deposit Account and Distribution Account..................................................-65- SECTION ..................71 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-......................74
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mort Accep Corp Asset Backed Cert Ser 2000-1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .............................................58 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .........................................................................60 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...............................................................61 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ......................................................61 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ....................................................................62 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ......................62 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..........................................62 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ................................................................63 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ..............................................................................64 Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...........................................64 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-......................67
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Opt One Mort Accept Corp Loan Tr Asset Bk Cert Ser 1999-2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .................................................... 58 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................... 59 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...................................................................... 61 3.04. Liability of the Master Servicer.............................................................-62- SECTION ............................................................. 61 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ........................................................................... 61 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ............................. 62 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ................................................. 62 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ....................................................................... 62 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ..................................................................................... 63 3.10. Collection Account and Distribution Account..................................................-65- SECTION .................................................. 64 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ............................. 66 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-..................................................................... 68 3.13. [intentionally omitted]...................................................................... 69 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..................................................................................... 69 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1997-Nc1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- .............................................52 SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- .............................................................................54 SECTION 3.03. Successor Sub-Servicers......................................................................-62- ...............................................................55 SECTION 3.04. Liability of the Master Servicer.............................................................-62- ......................................................55 SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- .........................................................56 SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- ...............................................................................56 SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- ..........................................56 SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- ................................................................57 SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ..............................................................................57 SECTION 3.10. Collection Account and Distribution Account..................................................-65- ...........................................58 SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- ......................................................................60 SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-Distribution
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Home Equity Loan Trust Series 2001-Nc2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................61 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................63 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................64 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................65 3.05. No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders...........................................................................-63- SECTION ...............................................65 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator..................................................................................65 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................66 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................66 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................67 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................67 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................70 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.......................................................................72 3.13. [intentionally omitted]........................................................................73 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................73 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements......................................75 3.16. Realization Upon Defaulted Mortgage Loans......................................................76 3.17. Trustee and Trust Administrator to Cooperate; Release of Mortgage Files......................................................................78 3.18. Servicing Compensation.........................................................................79 3.19. Reports to the Trust Administrator and the Trustee; Collection Account Statements.....................................................................................80 3.20. Statement as to Compliance.....................................................................80 3.21. Independent Public Accountants' Servicing Report...............................................80 3.22. Access to Certain Documentation................................................................81 3.23. Title, Management and Disposition of REO Property..............................................81 SECTION PAGE ------- ----
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Inc Mor Pa THR Cer Ser 1999 Nc1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................61 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................63 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................64 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................64 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................65 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...............................65 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................65 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................66 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................66 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................67 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................70 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-Account ..............................................................................................70 3.13. [intentionally omitted]........................................................................73 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................73 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements......................................74 SECTION PAGE ------- ----
3.16. Realization Upon Defaulted Mortgage Loans......................................................75 3.17. Trustee to Cooperate; Release of Mortgage Files................................................77 3.18.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Cert Series 1998-Opt1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer Servicers to Act as Master Servicer....................................................-59- SECTION Servicers...................................................54 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................................................................56 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................57 3.04. Liability of the Master ServicerServicers.............................................................-62- SECTION 58 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................58 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................58 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................59 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................59 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................60 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................60 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................63 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-....................65 3.13. [intentionally omitted].......................................................................66 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............................................................................66 SECTION PAGE ------- ----
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset-Backed Certificates Series 1997-Lb6)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .............................................55 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ....................57 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...............................................................58 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ......................................................58 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .................................................58 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ......................59 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..........................................59 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ................................................................60 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ....................................................................60 Section 3.10. Collection Account, Initial Deposit Account and Distribution Account..................................................-65- SECTION ..................61 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-......................64
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mort Ln Tr 1999-3 Asset Backed Cert Ser 1999-3)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................57 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................58 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................59 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................60 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................60 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................60 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................61 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................61 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................62 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................62 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................65 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-....................67 3.13. [intentionally omitted].......................................................................68 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage................68 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Floating Rate Mort Pass Through Cert Series 2000-1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ...............................56 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- SECTION Sub-Servicers ......................................58 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...................................59 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION .................................59 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ...................59 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trustee ..................................60 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..............60 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ....................................61 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION Accounts ..............................61 Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...............62 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION Account ...................................64 Section 3.12. Investment of Funds in the Collection Account Account.............65 Section 3.13. [Reserved]................................................67 Section 3.14. Maintenance of Hazard Insurance Polices and the Distribution Account......................................................................................-69-Errors and Omissions and Fidelity Coverage..............67
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Greenwich Capital Acceptance Inc)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................60 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .................................................................................61 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................63 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................63 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .................................................................63 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................63 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................64 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................65 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................65 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................66 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................69 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.......................................................................................70 3.13. [intentionally omitted].......................................................................72 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............................................................................72 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Fl Rt MRT Ps THR Cert 1999 Aq1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................61 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................63 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................64 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................65 3.05. No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders...........................................................................-63- SECTION ...............................................65 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator..................................................................................65 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................66 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................66 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................67 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................68 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................70 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-.......................................................................72 3.13. [intentionally omitted]........................................................................74 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................74 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salom BRS MRT Sec Vii Call FLT Rt Mt Ps Th Cer Ser 1998 Nc5)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. 59 SECTION 3.01. Master 3.01 Servicer to Act as Master Servicer....................................................-59- ...........................................................59 SECTION 3.02. 3.02 Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- ...........................61 SECTION 3.03. 3.03 Successor Sub-Servicers......................................................................-62- ...............................................................62 SECTION 3.04. 3.04 Liability of the Master Servicer.............................................................-62- 62 SECTION 3.05. 3.05 No Contractual Relationship Between Sub-Servicers and Servicers, the Trustee or the Certificateholders...........................................................................-63- ....................................................................63 SECTION 3.06. 3.06 Assumption or Termination of Sub-Servicing Agreements by the Trustee.............................-63- ..................63 SECTION 3.07. 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- ..........................................64 SECTION 3.08. 3.08 Sub-Servicing Accounts.......................................................................-64- ................................................................64 SECTION 3.09. 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ................64 SECTION 3.10. Collection 3.10 Custodial Account and Distribution Certificate Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.............................................65 TABLE OF CONTENTS (continued) PAGE
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2006-Nc1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................57 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................59 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................60 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................60 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................61 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...............................61 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................62 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................62 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................62 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................63 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................66 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.....................68 3.13. [intentionally omitted]........................................................................69 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................69 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1998-Nc6)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................59 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................60 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................62 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................62 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................62 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................62 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................63 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................64 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................64 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................65 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................67 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-....................69 3.13. [intentionally omitted].......................................................................70 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.........................................................................71 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mor Sec Vii Fl Rt MR Pa Th Cer Ser 2000 Lb1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................59 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................61 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................62 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................62 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................63 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...............................63 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................63 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................64 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................64 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................65 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................68 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-Account70........................................................................................ 3.13. [intentionally omitted]........................................................................71 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................71 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Floating Rate Certificates Series 1998-Opt2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................... 58 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ..................................................... 59 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................... 61 3.04. Liability of the Master Servicer.............................................................-62- SECTION .................................. 61 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ..................................... 62 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ........................................................ 62 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................... 62 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ............................................ 63 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .......................................................... 63 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................... 64 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ........................................................... 66 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-.............................. 68 3.13. [intentionally omitted]........................................... 69 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage............................................. 69 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Br Mor Sec Vii Inc New Cen Ast BCK Fl Rt Ce 1997 Nc2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................59 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ............................60 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................62 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................62 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................62 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................63 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................63 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................64 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................64 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................65 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................68 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-Account .............................................................................................69 3.13. [intentionally omitted].......................................................................71 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage 71 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements.....................................72 3.16. Realization Upon Defaulted Mortgage Loans.....................................................73 3.17. Trustee to Cooperate; Release of Mortgage Files...............................................75 3.18.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Viiinc Ast Bk Fl Rte Cer Se 1997-Lb5)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .......................................................-54- 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ..............................-56- 3.03. Successor Sub-Servicers......................................................................-62- SECTION .........................................................................-57- 3.04. Liability of the Master Servicer.............................................................-62- SECTION ................................................................-57- 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ..............................................................................-58- 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ................................-58- 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ....................................................-58- 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ..........................................................................-59- 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ..........................-59- 3.10. Collection Account and Account, Distribution Account..................................................-65- SECTION ........................................................-60- 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ................................-63- 3.12. Investment of Funds in the Collection Account and the Distribution Account.........................................................................................-65- 3.13. [Reserved]......................................................................................-69--66- 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................................................................-66- 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements.......................................-67- 3.16. Realization Upon Defaulted Mortgage Loans.......................................................-68- 3.17. Trustee to Cooperate; Release of Mortgage Files.................................................-70- 3.18. Servicing Compensation..........................................................................-71- 3.19. Reports to the Trustee; Collection Account Statements...........................................-72- 3.20. Statement as to Compliance......................................................................-72- 3.21. Independent Public Accountants' Servicing Report................................................-72- 3.22. Access to Certain Documentation.................................................................-73- 3.23. Title, Management and Disposition of REO Property...............................................-73- 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfall.......................................................................................-76- 3.25. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments................................................................................-77- 3.26. Advance Facility................................................................................-77- 3.27. PMI Policy; Claims Under the PMI Policy.........................................................-78- ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
4.01. Distributions...................................................................................-79- 4.02. Statements to Certificateholders................................................................-86- SECTION PAGE ------- ----
4.03. Remittance Reports; P&I Advances................................................................-89- 4.04. Allocation of Realized Losses...................................................................-90- 4.05. Compliance with Withholding Requirements........................................................-92- 4.06. Exchange Commission; Additional Information.....................................................-92- ARTICLE V THE CERTIFICATES
5.01. The Certificates................................................................................-93- 5.02. Registration of Transfer and Exchange of Certificates...........................................-95- 5.03. Mutilated, Destroyed, Lost or Stolen Certificates...............................................-99- 5.04. Persons Deemed Owners..........................................................................-100- 5.05. Certain Available Information..................................................................-100- ARTICLE VI
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon BRS MRT Sec Vii Inc New Cent Hm Eq L Tr Ser 2001-Nc1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. 60 SECTION 3.01. Master 3.01 Servicer to Act as Master Servicer....................................................-59- ..............................60 SECTION 3.02. 3.02 Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- ............................................62 SECTION 3.03. 3.03 Successor Sub-Servicers......................................................................-62- ..................................63 SECTION 3.04. 3.04 Liability of the Master Servicer.............................................................-62- ................................63 SECTION 3.05. 3.05 No Contractual Relationship Between Sub-Servicers and Servicers, the Trustee or the Certificateholders...........................................................................-63- ....................63 SECTION 3.06. 3.06 Assumption or Termination of Sub-Servicing Agreements by the Trustee.............................-63- ...........................................64 SECTION 3.07. 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- .............64 SECTION 3.08. 3.08 Sub-Servicing Accounts.......................................................................-64- ...................................65 SECTION 3.09. 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- .......................................65 SECTION 3.10. Collection 3.10 Custodial Account and Distribution Certificate Account..................................................-65- ................66 -i- TABLE OF CONTENTS (continued) PAGE SECTION 3.11. 3.11 Withdrawals from the Collection Custodial Account and Distribution Certificate Account.............................-67- ......................................68 SECTION 3.12. 3.12 Investment of Funds in the Collection Custodial Account and the Distribution Certificate Account......................................................................................-69-..................................70 SECTION 3.13 [Reserved]...............................................71 SECTION 3.14 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..........................71
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Carrington Mortgage Loan Trust, Series 2005-Nc5)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .................................................... 56 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................... 57 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...................................................................... 59 3.04. Liability of the Master Servicer.............................................................-62- SECTION ............................................................. 59 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ........................................................................... 59 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ............................. 60 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ................................................. 60 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ....................................................................... 61 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ..................................................................................... 61 3.10. Collection Account and Distribution Account..................................................-65- SECTION .................................................. 62 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- ............................. 64 SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-PAGE
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1996-Lb1a)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION Servicer ................... 57 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- SECTION Sub-Service.................................................. 59 3.03. Successor Sub-Servicers......................................................................-62- SECTION Servicers ..................................... 60 3.04. Liability of the Master Servicer.............................................................-62- SECTION Servicer ............................ 60 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ................................ 61 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...................................................... 61 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION Payments ................ 61 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION Accounts ...................................... 62 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................................... 62 3.10. Collection Account and Distribution Account..................................................-65- SECTION Account ................. 63 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...................................................... 65 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-......................... 67 3.13. [intentionally omitted] ..................................... 68 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage........................................ 68 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1996-5a)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .............................................65 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ....................67 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...............................................................68 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ......................................................68 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .................................................69 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ......................69 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..........................................69 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ................................................................70 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ....................................................................70 Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...........................................71 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-......................74
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Cert Ser 2000-2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ................. 54 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ............................................. 55 3.03. Successor Sub-Servicers......................................................................-62- SECTION ................................... 57 3.04. Liability of the Master Servicer.............................................................-62- SECTION .......................... 57 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................. 57 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ................................................ 58 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION .............. 58 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .................................... 59 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................................ 59 3.10. Collection Account and Distribution Account..................................................-65- SECTION ............... 60 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...................................... 62 3.12. Investment of Funds in the Collection Account, the Expense Account and the Distribution Account......................................................................................-69-.............. 63 3.13. [intentionally omitted]................................... 65 SECTION PAGE
3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..................................... 65 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Asset Bk Fl Rte Ce Se 1996 Lb3)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION Section 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .............................................................80 Section 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................82 Section 3.03. Successor Sub-Servicers......................................................................-62- SECTION .................................................................83 Section 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................83 Section 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ......................................................................83 Section 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ........................84 Section 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ............................................84 Section 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ..................................................................85 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Escrow Accounts............................................................................-64- SECTION .....................85 Section 3.10. Collection Account and Distribution Account..................................................-65- SECTION .............................................86 Section 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ........................88 Section 3.12. Investment of Funds in the Collection Account, the Distribution Account and the Distribution Account......................................................................................-69-Pre-Funding Accounts....................................................................90 Section 3.13. [Reserved]..............................................................................92 Section 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..........92
Appears in 1 contract
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................68 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................69 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................71 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................71 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................71 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................72 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................72 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................73 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................73 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................74 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- ..............................77 SECTION PAGE ------- ----
3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-....................79 3.13. Maintenance of the Primary Mortgage Insurance Policies; Collections Thereunder........................................................................80 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.........................................................................81 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements.....................................83 3.16. Realization Upon Defaulted Mortgage Loans.....................................................84 3.17. Trustee to Cooperate; Release of Mortgage Files...............................................86 3.18.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers MRT Sec Vii Inc MRT Ps THR Cert 1999-2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Section 3.01 The Servicer to Act act as Master Servicer....................................................-59- SECTION 3.02. Sub.............................70 Section 3.02 Due-Servicing Agreements Between Master Servicer on-Sale Clauses; Assumption Agreements..................71 Section 3.03 Subservicers................................................72 Section 3.04 Documents, Records and Sub- Servicers...........................................................................-61- SECTION 3.03. Successor Sub-Servicers......................................................................-62- SECTION 3.04. Liability Funds in Possession of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers Servicer To Be Held for Trustee........................73 Section 3.05 Maintenance of Fire Insurance; Errors and Omissions and Fidelity Coverage......................................74 Section 3.06 Presentment of Claims and Collection of Proceeds............75 Section 3.07 Maintenance of the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. Assumption or Termination Primary Mortgage Insurance Policies; Collections Thereunder.................................75 Section 3.08 Reserved....................................................76 Section 3.09 Realization Upon Defaulted Mortgage Loans; Determination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. Collection Excess Liquidation Proceeds and Realized Losses; Repurchases of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. Sub-Loans..................................................76 Section 3.10 Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION Compensation......................................79 Section 3.11 REO Property................................................80 Section 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-Bo1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ..........59 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................60 3.03. Successor Sub-Servicers......................................................................-62- SECTION ............................62 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...................62 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ...62 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ............................63 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION .......63 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .............................64 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................64 3.10. Collection Account and Distribution Account..................................................-65- SECTION ........65 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 67 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.............69 3.13. [intentionally omitted]............................70 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..................70 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Ast Bk Fl Rte Cer Se 1997-Aq2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .........................................................45 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ............................46 3.03. Successor Sub-Servicers......................................................................-62- SECTION ...........................................................................47 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..................................................................48 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................48 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..................................48 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ......................................................49 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ............................................................................49 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ............................50 3.10. Collection Account and Distribution Account..................................................-65- SECTION .......................................................50 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..................................53 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-........................55 3.13. Maintenance of the Primary Mortgage Insurance Policies; Collections Thereunder............................................................................56 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..........................................................................................57 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bros Mort Sec Vii Inc Salo Mort Ln Tr Ser 2001-Cpb1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ...........................-60- 3.03. Successor Sub-Servicers......................................................................-62- SECTION 3.04. Liability of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ................................................................-62- 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts...................................................................................................-64- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-PAGE ------- ----
Appears in 1 contract
Samples: Pooling and Servicing Agreement (New Century Asset Backed Fl Rt Cert Sers 1997-Nc5)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................58 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................59 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................60 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................61 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .................................................................61 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................61 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................62 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................62 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................63 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................64 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................66 3.12. Investment of Funds in the Pre-Funding Account, the Interest Coverage Account, the Collection Account and the Distribution Account......................................................................................-69-..................................68 3.13. [intentionally omitted].......................................................................69 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............................................................................70 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Floating Rate Mort Pass Through Cert Series 2000-1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................55 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Servicers...........................................................................-61- SECTION Sub-Servicers .............................................................................................56 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................58 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................58 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- ............................................................................58 SECTION PAGE
3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................59 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................59 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................60 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................60 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................61 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................64 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-Account .............................................................................................65 3.13. [intentionally omitted].......................................................................67 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage 67 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements.....................................68 3.16. Realization Upon Defaulted Mortgage Loans.....................................................69 3.17. Trustee to Cooperate; Release of Mortgage Files...............................................71 3.18.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asset Bk Cert Ser 1998-Aq1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................64 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................65 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................66 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................67 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................67 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................67 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................68 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................68 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................69 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................70 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................72 3.12. Investment of Funds in the Pre-Funding Account, the Interest Coverage Account, Collection Account and the Distribution Account......................................................................................-69-.............................74 3.13. [intentionally omitted].......................................................................75 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............................................................................75 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Fl Rte Cert Se 1999-Aq2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................54 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................55 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................56 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................57 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................57 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................57 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................58 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................58 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................59 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................60 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................62 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-....................64 3.13. Maintenance of the Primary Mortgage Insurance Policies; Collections Thereunder........................................................................66 3.14. Maintenance of Hazard Insurance and Errors and Omissions SECTION PAGE ------- ----
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Mort Pas Th Ce Ser 2000-1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- Servicer ................................. 57 SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- Sub-Servicers . 59 SECTION 3.03. Successor Sub-Servicers......................................................................-62- Servicers ..................................... 60 SECTION 3.04. Liability of the Master Servicer.............................................................-62- Servicer ................................... 60 SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- Certificateholders ............................... 60 SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- Trustee ..................................................... 61 SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- Payments ................ 61 SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- Accounts ...................................... 62 SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- Accounts .......................................... 62 SECTION 3.10. Collection Account and Distribution Account..................................................-65- Account ................. 63 SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-..................................................... 66
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Franklin Mortgage Loan Trust 2003-FFC)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- ...........................................................77 SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- ...........................79 SECTION 3.03. Successor Sub-Servicers......................................................................-62- ...............................................................80 SECTION 3.04. Liability of the Master Servicer.............................................................-62- 81 SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- .................................................................81 SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- ......................81 SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- ..........................................82 SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- ................................................................82 SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ................83 SECTION 3.10. Collection Account and Distribution Account..................................................-65- ...........................................84 SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-......................86
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Finance America Mortgage Loan Trust 2004-3)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. 98 Section 3.01 Master Servicer to Act as Master Servicer....................................................-59- SECTION 3.02. .................................... 98 Section 3.02 Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION 3.03. ....... 100 Section 3.03 Successor Sub-Servicers......................................................................-62- SECTION 3.04. ...................................................... 102 Section 3.04 Liability of the Master Servicer.............................................................-62- SECTION 3.05. ............................................. 102 Section 3.05 No Contractual Relationship Between Sub-Servicers and the NIMS Insurer, the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. ............................................ 102 Section 3.06 Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. ............. 102 Section 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. ................................. 103 Section 3.08 Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. ....................................................... 104 Section 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. ....... 104 Section 3.10 Collection Account and Distribution Account..................................................-65- SECTION 3.11. .................................. 105 Section 3.11 Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. ............. 108 Section 3.12 Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-... 110 Section 3.13 Reserved..................................................................... 111 Section 3.14 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..................................................................... 111 Section 3.15 Enforcement of Due-On-Sale Clauses; Assumption Agreements.................... 112 Section 3.16 Realization Upon Defaulted Mortgage Loans.................................... 113 Section 3.17 Trustee to Cooperate; Release of Mortgage Files.............................. 116 Section 3.18 Servicing Compensation....................................................... 117
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Mortgage Loan Trust 2005-Wl2 Asset-Backed Certificates)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................58 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................59 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................61 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................61 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................61 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................61 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................62 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................63 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................63 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................64 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................67 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-..........................................................................68 3.13. [intentionally omitted].......................................................................70 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............................................................................70 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Fl Rte Pa THR Cer Ser 1999-Lbi)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. 69 SECTION 3.01. 3.01 Master Servicer to Act as Master Servicer....................................................-59- ...............................................69 SECTION 3.02. 3.02 Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- ................71 SECTION 3.03. 3.03 Successor Sub-Servicers......................................................................-62- .................................................................72 SECTION 3.04. 3.04 Liability of the Master Servicer.............................................................-62- ........................................................72 SECTION 3.05. 3.05 No Contractual Relationship Between Sub-Servicers and the Servicers, Trust Administrator, Trustee or Certificateholders...........................................................................-63- ......................................................................72 SECTION 3.06. 3.06 Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- Trust Administrator............73 SECTION 3.07. 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- ............................................73 SECTION 3.08. 3.08 Sub-Servicing Accounts.......................................................................-64- ..................................................................74 SECTION 3.09. 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ..................74 SECTION 3.10. 3.10 Collection Account and Distribution Account..................................................-65- .............................................75 SECTION 3.11. 3.11 Withdrawals from the Collection Account and Distribution Account.............................-67- ........................77 SECTION 3.12. 3.12 Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-..............79 SECTION 3.13 [Reserved]..............................................................................80 SECTION 3.14 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage..........80
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc Series 2004-Ust1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................... 56 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Servicers...........................................................................-61- SECTION ......................................................... 57 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................... 58 3.04. Liability of the Master Servicer.............................................................-62- SECTION .................................. 59 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ................................................ 59 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION .. 59 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................... 60 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ............................................ 60 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .......................................................... 61 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................... 61 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-..
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Asst Back Cert Se 1997-Lb2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................59 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................61 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................62 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................62 3.05. No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders...........................................................................-63- SECTION ...............................................63 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION Trust Administrator..................................................................................63 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................64 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................64 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................64 3.10. Collection Account and Distribution Account..................................................-65- SECTION ....................................................65 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ...............................68 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-...................................................................70 3.13. [intentionally omitted]........................................................................71 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.......................................................................................71 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Brothers Mort Sec Vii Inc Fl Rt Cer Se 1999-Nc5)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................68 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................69 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................70 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................71 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION ............................................................................71 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................71 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................72 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................72 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ........................73 SECTION PAGE ------- ----
3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................74 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................76 3.12. Investment of Funds in the Pre-Funding Account, the Interest Coverage Account, Collection Account and the Distribution Account......................................................................................-69-...............................................78 3.13. [intentionally omitted].......................................................................79 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage 79 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements.....................................81 3.16. Realization Upon Defaulted Mortgage Loans.....................................................82 3.17. Trustee to Cooperate; Release of Mortgage Files...............................................84 3.18.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Long Beach Securities Corp)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................62 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................63 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................64 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................65 3.05. No Contractual Relationship Between Sub-Servicers and the NIMs Insurer, Trustee or Certificateholders...........................................................................-63- SECTION .........................................................................65 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................65 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................66 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................67 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................67 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................68 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................71 3.12. Investment of Funds in the Pre-Funding Account, the Interest Coverage Account, the Collection Account and the Distribution Account...............................................72 3.13. [intentionally omitted].......................................................................74 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage......................................................................................-69-74 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Flo Rate Mort Pas THR Cert Ser 01 3)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. 63 Section 3.01 Master Servicer to Act as Master Servicer....................................................-59- SECTION 3.02. ..................................................63 Section 3.02 Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION 3.03. .........................64 Section 3.03 Successor Sub-Servicers......................................................................-62- SECTION 3.04. ....................................................................66 Section 3.04 Liability of the Master Servicer.............................................................-62- SECTION 3.05. ...........................................................66 Section 3.05 No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. .........................................................................66 Section 3.06 Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. ...........................67 Section 3.07 Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. ...............................................67 Section 3.08 Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. .....................................................................68 Section 3.09 Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. .....................69 Section 3.10 Collection Account and Distribution Account..................................................-65- SECTION 3.11. ................................................70 Section 3.11 Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-...........................72
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Financial Asset Securities Corp)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION ......................................................65 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION .............................67 3.03. Successor Sub-Servicers......................................................................-62- SECTION ........................................................................68 3.04. Liability of the Master Servicer.............................................................-62- SECTION ...............................................................68 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .............................................................................69 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ...............................69 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ...................................................70 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION .........................................................................70 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION .........................70 3.10. Collection Account and Distribution Account..................................................-65- ....................................................71 SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-PAGE
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Floating Rate Certificates Series 1998-Nc2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- ....................-54- SECTION 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- ............................................-55- SECTION 3.03. Successor Sub-Servicers......................................................................-62- ......................................-56- SECTION 3.04. Liability of the Master Servicer.............................................................-62- .............................-57- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- ............................-57- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- ...................................................-57- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- .................-58- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- .......................................-58- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ...........................................-59- SECTION 3.10. Collection Account and Distribution Account..................................................-65- ..................-60- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- ......................................................-62- SECTION 3.12. Investment of Funds in the Collection Account and the Distribution Account......................................................................................-69-.........................................-64- SECTION 3.13. Maintenance of the Primary Mortgage Insurance Policies; Collections Thereunder.......................................-65-
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Salomon Bro Mor Sec Vii Inc Citigroup Mor Ln Tr Ser 2003-Up2)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01Section 2.01. Master Contract for Servicing; Possession of Servicing Files.....................................6 Section 2.02. Commencement of Servicing Responsibilities................................................7 Section 2.03. The Servicer to Act as Master Servicer....................................................-59- SECTION 3.02...........................................................7 Section 2.04. Collection of Mortgage Loan Payments......................................................8 Section 2.05. Foreclosure...............................................................................9 Section 2.06. Sub-Servicing Agreements Between Master Servicer Agreements..................................................................9 Section 2.07. Maintenance of Hazard Insurance...........................................................9 Section 2.08. Maintenance of PMI Policy................................................................10 Section 2.09. Fidelity Bond and Sub- Servicers...........................................................................-61- SECTION 3.03Errors and Omissions Insurance.........................................11 Section 2.10. Successor Sub-Servicers......................................................................-62- SECTION 3.04Establishment of and Deposits to Collection Account......................................11 Section 2.11. Liability of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. Collection Account and Distribution Account..................................................-65- SECTION 3.11. Permitted Withdrawals from the Collection Account Account............................................12 Section 2.12. Establishment of and Distribution Deposits to Escrow Account.............................-67- SECTION 3.12..........................................13 Section 2.13. Investment Permitted Withdrawals from Escrow Account................................................13 Section 2.14. Maintenance of Funds in the Collection Account FHA Mortgage Insurance and the Distribution Account......................................................................................-69-VA Guaranty....................................14 Section 2.15.
Appears in 1 contract
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- SECTION .....................................................56 3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................57 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................59 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................59 3.05. No Contractual Relationship Between Sub-Servicers and the NIMs Insurer, Trustee or Certificateholders...........................................................................-63- SECTION .................................................................59 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................59 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................60 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................61 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................61 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................62 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................65 3.12. Investment of Funds in the Pre-Funding Account, the Interest Coverage Account, the Collection Account and the Distribution Account...........................................67 3.13. [intentionally omitted].......................................................................68 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage......................................................................................-69-68 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ameriquest Mort Sec Inc Float Rate Mort Pa Th Cer Ser 2001-1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- .....................................................45 SECTION PAGE ------- ----
3.02. Sub-Servicing Agreements Between the Master Servicer and Sub- Sub-Servicers...........................................................................-61- SECTION ........................46 3.03. Successor Sub-Servicers......................................................................-62- SECTION .......................................................................47 3.04. Liability of the Master Servicer.............................................................-62- SECTION ..............................................................48 3.05. No Contractual Relationship Between Sub-Servicers and the Trustee or Certificateholders...........................................................................-63- SECTION .........................................................................48 3.06. Assumption or Termination of Sub-Servicing Agreements by Trustee.............................-63- SECTION ..............................48 3.07. Collection of Certain Mortgage Loan Payments.................................................-63- SECTION ..................................................49 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION ........................................................................49 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION ........................50 3.10. Collection Account and Distribution Account..................................................-65- SECTION ...................................................51 3.11. Withdrawals from the Collection Account and Distribution Account.............................-67- SECTION ..............................53 3.12. Investment of Funds in the Collection Account and the Distribution Account.......................................................................................55 3.13. Maintenance of the Primary Mortgage Insurance Policies; Collections Thereunder....................................................................................56 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage......................................................................................-69-57 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Union Planters Mort Pass THR Cert Ser 2000-Up1)
ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS. ACCOUNTS
SECTION 3.01. Master Servicer to Act as Master Servicer....................................................-59- ...............................-67- ---- SECTION 3.02. Sub-Servicing Agreements Between Master the Servicer and Sub- Sub-Servicers...........................................................................-61- .........................................-69- ---- SECTION 3.03. Successor Sub-Servicers......................................................................-62- ...................................-69- ---- SECTION 3.04. Liability of the Master Servicer.............................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers and the Servicer, Trustee or the Certificateholders...........................................................................-63- .........................-69- ---- SECTION 3.063.05. Assumption or Termination of Sub-Servicing Agreements Agreement by Trustee.............................-63- Successor Servicer.....................................-70- ---- SECTION 3.073.06. Collection of Certain Mortgage Loan Payments.................................................-63- ..............-70- ---- SECTION 3.08. Sub-Servicing Accounts.......................................................................-64- SECTION 3.093.07. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- ........................................-71- ---- SECTION 3.103.08. Collection Account and Distribution Account..................................................-65- ...............-71- ---- SECTION 3.113.09. Withdrawals from the Collection Account and Distribution Account.............................-67- ......................................-74- ---- SECTION 3.123.10. Investment of Funds in the Collection Account Investment Accounts............-76- ---- SECTION 3.11. Maintenance of Hazard Insurance, Errors and the Distribution Account......................................................................................-69-Omissions and Fidelity Coverage.....................................-77- ---- SECTION 3.12. Enforcement of Due-on-Sale Clauses; Assumption Agreements.....................................-79- ---- SECTION 3.13. Realization Upon Defaulted Mortgage Loans.................-80- ---- SECTION 3.14. Trustee to Cooperate; Release of Mortgage Files...........-81- ---- SECTION 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Ace Securities Corp Home Equity Loan Trust Series 2004-Op1)
