Common use of ADMINISTRATION AND SERVICING OF THE MORTGAGE Clause in Contracts

ADMINISTRATION AND SERVICING OF THE MORTGAGE. LOANS Section 3.01 THE MASTER SERVICER TO ACT AS MASTER SERVICER.........................................62 Section 3.02 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS............................................63 Section 3.03 SUBSERVICERS..........................................................................64 Section 3.04 DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF THE MASTER SERVICER TO BE HELD FOR TRUSTEE.................................................................................................65 Section 3.05 MAINTENANCE OF HAZARD INSURANCE.......................................................65 Section 3.06 PRESENTMENT OF CLAIMS AND COLLECTION OF PROCEEDS......................................66 Section 3.07 MAINTENANCE OF THE PRIMARY MORTGAGE INSURANCE POLICIES................................66 Section 3.08 FIDELITY BOND, ERRORS AND OMISSIONS INSURANCE.........................................67 Section 3.09 REALIZATION UPON DEFAULTED MORTGAGE LOANS; DETERMINATION OF EXCESS LIQUIDATION PROCEEDS AND REALIZED LOSSES; REPURCHASES OF CERTAIN MORTGAGE LOANS..................................67 Section 3.10

ADMINISTRATION AND SERVICING OF THE MORTGAGE. LOANS Section 3.01 THE MASTER SERVICER TO ACT AS MASTER SERVICER.........................................62 57 Section 3.02 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS............................................63 58 Section 3.03 SUBSERVICERS..........................................................................64 59 Section 3.04 DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF THE MASTER SERVICER TO BE HELD FOR TRUSTEE.................................................................................................65 ................................................................60 Section 3.05 MAINTENANCE OF HAZARD INSURANCE.......................................................65 60 Section 3.06 PRESENTMENT OF CLAIMS AND COLLECTION OF PROCEEDS......................................66 61 Section 3.07 MAINTENANCE OF THE PRIMARY MORTGAGE INSURANCE POLICIES................................66 61 Section 3.08 FIDELITY BOND, ERRORS AND OMISSIONS INSURANCE.........................................67 62 Section 3.09 REALIZATION UPON DEFAULTED MORTGAGE LOANS; DETERMINATION OF EXCESS LIQUIDATION PROCEEDS AND REALIZED LOSSES; REPURCHASES OF CERTAIN MORTGAGE LOANS..................................67 ................................................................62 Section 3.10

ADMINISTRATION AND SERVICING OF THE MORTGAGE. LOANS Section 3.01 THE MASTER SERVICER TO ACT AS MASTER SERVICER.........................................62 Section 3.02 DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS............................................63 Section 3.03 SUBSERVICERS..........................................................................64 Section 3.04 DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF THE MASTER SERVICER TO BE HELD FOR TRUSTEE.................................................................................................................................................................65 Section 3.05 MAINTENANCE OF HAZARD INSURANCE.......................................................65 Section 3.06 PRESENTMENT OF CLAIMS AND COLLECTION OF PROCEEDS......................................66 Section 3.07 MAINTENANCE OF THE PRIMARY MORTGAGE INSURANCE POLICIES................................66 Section 3.08 FIDELITY BOND, ERRORS AND OMISSIONS INSURANCE.........................................67 Section 3.09 REALIZATION UPON DEFAULTED MORTGAGE LOANS; DETERMINATION OF EXCESS LIQUIDATION PROCEEDS AND REALIZED LOSSES; REPURCHASES OF CERTAIN MORTGAGE LOANS..........................................................................................................67 Section 3.10