Common use of Assumption or Termination of Sub-Servicing Agreement by Successor Servicer Clause in Contracts

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of Purchaser hereunder by a successor servicer pursuant to Section 11.17 of this Agreement, it is understood and agreed that Purchaser's rights and obligations under any Sub-Servicing Agreement then in force between Purchaser and a Subservicer shall be assumed simultaneously by such successor servicer without act or deed on the part of such successor servicer; provided, however, that any successor servicer may terminate the Subservicer. Purchaser shall, upon the reasonable request of Seller, but at its own expense, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party. The Servicing Fee payable to any such successor servicer shall be payable from payments received on the Mortgage Loans in the amount and in the manner set forth in this Agreement. XXXXXXX X-0 MONTHLY REPORT Investor Code CMI Loan Number Investor Loan Number Last Paid Installment Scheduled Payment Scheduled Interest Rate Servicing Fee Beginning Scheduled Balance Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Interest on Curtailment Total Principal Scheduled Interest Total Remittance Payoff Date Payoff Amount Soldiers and Sailors (S&S) Flag S&S Subsidy Amount S&S Order End Date Prepayment Penalty Amount Prepayment Amount Waived Action Code EXHIBIT M-2 MONTHLY DELIQUENCY REPORT Purchaser shall provide the following information to Purchaser as required by the Agreement. Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc. Loan Type Description Reason Code - reason for default Reason for Default Description Delinquency Status Code Delinquency Status Description Property Inspection Date Property Condition Code Property Condition Description Occupancy Code Occupancy Description Note Rate Principal Balance Principal and Interest Payment Total Due Amount Table Max Plus Loan Type Code- ex: conventional, fha Loss Mitigation Received Date Loss Mitigation Approved Loss Mitigation Plan Loss Mitigation Estimated Close Date - estimated ending date of Loss Mitigation plan Loss Mitigation Actual Close Date - actual ending date of Loss Mitigation plan Bankruptcy Filed Date Bankruptcy Chapter Bankruptcy Case Number POC Filed Date - Bankruptcy Proof of Claim MFR Filed Date - Bankruptcy Motion for Release Post-Petition Due Date Discharge / Dismissal Date - Bankruptcy Foreclosure Referral Date First Legal Date - first date of legal action - Foreclosure Foreclosure Sale Estimated Date Foreclosure Sale Action Foreclosure Bid Eviction Start Date Eviction Complete Date List Price List Date Contract Price Contract Date Appraisal Date Appraisal Value MI Claim Filed Date MI Filed Amount MI Claim Received Date MI Received Amount Actual Closing Date Estimated Closing Date Claim Type Active Investor 1 Name Code - Investor Code Investor 1 ID - Investor Code Close Code - code indicating if loan is still active in delinquency system Months Delinquent Interest Paid to Date EXHIBIT N FORM OF ANNUAL CERTIFICATION Re: The [__________] agreement dated as of [_____], 200[_] (the "Agreement"), among [IDENTIFY PARTIES] I am, ________________________________, the _______________________ of [NAME OF SERVICER] and, in such capacity, the officer in charge of the Servicer's responsibility on Exhibit [_] to the Agreement. I hereby certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of Purchaser hereunder by a successor servicer pursuant to Section 11.17 of this Agreement, it is understood and agreed that Purchaser's rights and obligations under any Sub-Servicing Agreement then in force between Purchaser and a Subservicer shall be assumed simultaneously by such successor servicer without act or deed on the part of such successor servicer; provided, however, that any successor servicer may terminate the Subservicer. Purchaser shall, upon the reasonable request of Seller, but at its own expense, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party. The Servicing Fee payable to any such successor servicer shall be payable from payments received on the Mortgage Loans in the amount and in the manner set forth in this Agreement. XXXXXXX X-0 MONTHLY REPORT Investor Code CMI Loan Number Investor Loan Number Last Paid Installment Scheduled Payment Scheduled Interest Rate Servicing Fee Beginning Scheduled Balance Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Interest on Curtailment Total Principal Scheduled Interest Total Remittance Payoff Date Payoff Amount Soldiers and Sailors (S&S) Flag S&S Subsidy Amount S&S Order End Date Prepayment Penalty Amount Prepayment Amount Waived Action Code EXHIBIT M-2 MONTHLY DELIQUENCY REPORT Purchaser shall provide the following information to Purchaser as required by the Agreement. Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc. Loan Type Description Reason Code - reason for default Reason for Default Description Delinquency Status Code Delinquency Status Description Property Inspection Date Property Condition Code Property Condition Description Occupancy Code Occupancy Description Note Rate Principal Balance Principal and Interest Payment Total Due Amount Table Max Plus Loan Type Code- ex: conventional, fha Loss Mitigation Received Date Loss Mitigation Approved Loss Mitigation Plan Loss Mitigation Estimated Close Date - estimated ending date of Loss Mitigation plan Loss Mitigation Actual Close Date - actual ending date of Loss Mitigation plan Bankruptcy Filed Date Bankruptcy Chapter Bankruptcy Case Number POC Filed Date - Bankruptcy Proof of Claim MFR Filed Date - Bankruptcy Motion for Release Post-Petition Due Date Discharge / Dismissal Date - Bankruptcy Foreclosure Referral Date First Legal Date - first date of legal action - Foreclosure Foreclosure Sale Estimated Date Foreclosure Sale Action Foreclosure Bid Eviction Start Date Eviction Complete Date List Price List Date Contract Price Contract Date Appraisal Date Appraisal Value MI Claim Filed Date MI Filed Amount MI Claim Received Date MI Received Amount Actual Closing Date Estimated Closing Date Claim Type Active Investor 1 Name Code - Investor Code Investor 1 ID - Investor Code Close Code - code indicating if loan is still active in delinquency system Months Delinquent Interest Paid to Date EXHIBIT N FORM OF ANNUAL CERTIFICATION Re: The [__________] agreement dated as of [_____], 200[_] (the "Agreement"), among [IDENTIFY PARTIES] I am, ________________________________, the _______________________ of [NAME OF SERVICER] and, in such capacity, the officer in charge of the Servicer's responsibility on Exhibit [_[ ] to the Agreement. I hereby certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of Purchaser hereunder by a successor servicer pursuant to Section 11.17 of this Agreement, it is understood and agreed that Purchaser's rights and obligations under any Sub-Servicing Agreement then in force between Purchaser and a Subservicer shall be assumed simultaneously by such successor servicer without act or deed on the part of such successor servicer; provided, however, that any successor servicer may terminate the Subservicer. Purchaser shall, upon the reasonable request of Seller, but at its own expense, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party. The Servicing Fee payable to any such successor servicer shall be payable from payments received on the Mortgage Loans in the amount and in the manner set forth in this Agreement. XXXXXXX X-0 MONTHLY REPORT Investor Code CMI Loan Number Investor Loan Number Last Paid Installment Scheduled Payment Scheduled Interest Rate Servicing Fee Beginning Scheduled Balance Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Interest on Curtailment Total Principal Scheduled Interest Total Remittance Payoff Date Payoff Amount Soldiers and Sailors (S&S) Flag S&S Subsidy Amount S&S Order End Date Prepayment Penalty Amount Prepayment Amount Waived Action Code EXHIBIT M-2 MONTHLY DELIQUENCY REPORT Purchaser shall provide the following information to Purchaser as required by the Agreement. Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc. Loan Type Description Reason Code - reason for default Reason for Default Description Delinquency Status Code Delinquency Status Description Property Inspection Date Property Condition Code Property Condition Description Occupancy Code Occupancy Description Note Rate Principal Balance Principal and Interest Payment Total Due Amount Table Max Plus Loan Type Code- ex: conventional, fha Loss Mitigation Received Date Loss Mitigation Approved Loss Mitigation Plan Loss Mitigation Estimated Close Date - estimated ending date of Loss Mitigation plan Loss Mitigation Actual Close Date - actual ending date of Loss Mitigation plan Bankruptcy Filed Date Bankruptcy Chapter Bankruptcy Case Number POC Filed Date - Bankruptcy Proof of Claim MFR Filed Date - Bankruptcy Motion for Release Post-Petition Due Date Discharge / Dismissal Date - Bankruptcy Foreclosure Referral Date First Legal Date - first date of legal action - Foreclosure Foreclosure Sale Estimated Date Foreclosure Sale Action Foreclosure Bid Eviction Start Date Eviction Complete Date List Price List Date Contract Price Contract Date Appraisal Date Appraisal Value MI Claim Filed Date MI Filed Amount MI Claim Received Date MI Received Amount Actual Closing Date Estimated Closing Date Claim Type Active Investor 1 Name Code - Investor Code Investor 1 ID - Investor Code Close Code - code indicating if loan is still active in delinquency system Months Delinquent Interest Paid to Date EXHIBIT N FORM OF ANNUAL CERTIFICATION Re: The [____________________] agreement dated as of [__________], 200[_] (the "Agreement"), among [IDENTIFY PARTIES] I am, ________________________________, the _______________________ of [NAME OF SERVICER] and, in such capacity, the officer in charge of the Servicer's responsibility on Exhibit [_[ ] to the Agreement. I hereby certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of Purchaser hereunder by a successor servicer pursuant to Section 11.17 of this Agreement, it is understood and agreed that Purchaser's rights and obligations under any Sub-Servicing Agreement then in force between Purchaser and a Subservicer shall be assumed simultaneously by such successor servicer without act or deed on the part of such successor servicer; provided, however, that any successor servicer may terminate the Subservicer. Purchaser shall, upon the reasonable request of Seller, but at its own expense, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party. The Servicing Fee payable to any such successor servicer shall be payable from payments received on the Mortgage Loans in the amount and in the manner set forth in this Agreement. XXXXXXX X-0 MONTHLY REPORT Investor Code CMI Loan Number Investor Loan Number Last Paid Installment Scheduled Payment Scheduled Interest Rate Servicing Fee Beginning Scheduled Balance Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Interest on Curtailment Total Principal Scheduled Interest Total Remittance Payoff Date Payoff Amount Soldiers and Sailors (S&S) Flag S&S Subsidy Amount S&S Order End Date Prepayment Penalty Amount Prepayment Amount Waived Action Code EXHIBIT M-2 MONTHLY DELIQUENCY REPORT Purchaser shall provide the following information to Purchaser as required by the Agreement. Table Investor Name - Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - Generic Active Loan Type Code - ex: conventional, fha, etc. Loan Type Description Reason Code - reason for default Reason for Default Description Delinquency Status Code Delinquency Status Description Property Inspection Date Property Condition Code Property Condition Description Occupancy Code Occupancy Description Note Rate Principal Balance Principal and Interest Payment Total Due Amount Table Max Plus Loan Type Code- ex: conventional, fha Loss Mitigation Received Date Loss Mitigation Approved Loss Mitigation Plan Loss Mitigation Estimated Close Date - estimated ending date of Loss Mitigation plan Loss Mitigation Actual Close Date - actual ending date of Loss Mitigation plan Bankruptcy Filed Date Bankruptcy Chapter Bankruptcy Case Number POC Filed Date - Bankruptcy Proof of Claim MFR Filed Date - Bankruptcy Motion for Release Post-Petition Due Date Discharge / Dismissal Date - Bankruptcy Foreclosure Referral Date First Legal Date - first date of legal action - Foreclosure Foreclosure Sale Estimated Date Foreclosure Sale Action Foreclosure Bid Eviction Start Date Eviction Complete Date List Price List Date Contract Price Contract Date Appraisal Date Appraisal Value MI Claim Filed Date MI Filed Amount MI Claim Received Date MI Received Amount Actual Closing Date Estimated Closing Date Claim Type Active Investor 1 Name Code - Investor Code Investor 1 ID - Investor Code Close Code - code indicating if loan is still active in delinquency system Months Delinquent Interest Paid to Date EXHIBIT N FORM OF ANNUAL CERTIFICATION Re: The [___________] agreement dated as of [_______], 200[_] (the "Agreement"), among [IDENTIFY PARTIES] I am, ________________________________, the _______________________ of [NAME OF SERVICER] and, in such capacity, the officer in charge of the Servicer's responsibility on Exhibit [_____] to the Agreement. I hereby certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that:

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. In connection with the assumption of the responsibilities, duties and liabilities and of the authority, power and rights of Purchaser hereunder by a successor servicer pursuant to Section 11.17 of this Agreement, it is understood and agreed that Purchaser's rights and obligations under any Sub-Servicing Agreement then in force between Purchaser and a Subservicer shall be assumed simultaneously by such successor servicer without act or deed on the part of such successor servicer; provided, however, that any successor servicer may terminate the Subservicer. Purchaser shall, upon the reasonable request of Seller, but at its own expense, deliver to the assuming party documents and records relating to each Sub-Servicing Agreement and an accounting of amounts collected and held by it and otherwise use its best efforts to effect the orderly and efficient transfer of the Sub-Servicing Agreements to the assuming party. The Servicing Fee payable to any such successor servicer shall be payable from payments received on the Mortgage Loans in the amount and in the manner set forth in this Agreement. XXXXXXX X-0 MONTHLY REPORT Investor Code CMI Loan Number Investor Loan Number Last Paid Installment Scheduled Payment Scheduled Interest Rate Servicing Fee Beginning Scheduled Balance Unpaid Principal Balance Ending Scheduled Balance Scheduled Principal Unscheduled Principal Interest on Curtailment Total Principal Scheduled Interest Total Remittance Payoff Date Payoff Amount Soldiers and Sailors (S&S) Flag S&S Subsidy Amount S&S Order End Date Prepayment Penalty Amount Prepayment Amount Waived Action Code EXHIBIT M-2 MONTHLY DELIQUENCY REPORT Purchaser shall provide the following information to Purchaser as required by the Agreement. Table Investor Name - -- Investor Name Servicer Loan Number Investor Loan Number Servicer's Investor Number Borrower Last Name Mortgagor - -- First and Last Name Xxxxxxx Xxxx 0 Xxxxxxx Xxxx 0 Xxxx Xxxxx Zip Code Table - -- Generic Active Loan Type Code - -- ex: conventional, fha, etc. Loan Type Description Reason Code - -- reason for default Reason for Default Description Delinquency Status Code Delinquency Status Description Property Inspection Date Property Condition Code Property Condition Description Occupancy Code Occupancy Description Note Rate Principal Balance Principal and Interest Payment Total Due Amount Table Max Plus Loan Type Code- Code-- ex: conventional, fha Loss Mitigation Received Date Loss Mitigation Approved Loss Mitigation Plan Loss Mitigation Estimated Close Date - -- estimated ending date of Loss Mitigation plan Loss Mitigation Actual Close Date - -- actual ending date of Loss Mitigation plan Bankruptcy Filed Date Bankruptcy Chapter Bankruptcy Case Number POC Filed Date - -- Bankruptcy Proof of Claim MFR Filed Date - -- Bankruptcy Motion for Release Post-Petition Due Date Discharge / Dismissal Date - -- Bankruptcy Foreclosure Referral Date First Legal Date - -- first date of legal action - Foreclosure Foreclosure Sale Estimated Date Foreclosure Sale Action Foreclosure Bid Eviction Start Date Eviction Complete Date List Price List Date Contract Price Contract Date Appraisal Date Appraisal Value MI Claim Filed Date MI Filed Amount MI Claim Received Date MI Received Amount Actual Closing Date Estimated Closing Date Claim Type Active Investor 1 Name Code - -- Investor Code Investor 1 ID - -- Investor Code Close Code - -- code indicating if loan is still active in delinquency system Months Delinquent Interest Paid to Date EXHIBIT N FORM OF ANNUAL CERTIFICATION Re: The [__________[ ] agreement dated as of [_____[ ], 200[_[ ] (the "Agreement"), among [IDENTIFY PARTIES] I am, ________________________________, the _______________________ of [NAME OF SERVICER] and, in such capacity, the officer in charge of the Servicer's responsibility on Exhibit [_[ ] to the Agreement. I hereby certify to [the Owner], [the Depositor], and the [Master Servicer] [Securities Administrator] [Trustee], and their officers, with the knowledge and intent that they will rely upon this certification, that: