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Common use of Certification of Release Clause in Contracts

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxe-mentioned Mortgage Loan, the security interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. By:___________________________ Title:________________________ Date:_________________________ EXHIBIT G REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ___. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in connection with the purchase of the Mortgaged Property; (46) the MERS Identification Number]. With respect to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1), Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxeabove-mentioned Mortgage Loan, the security interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. By:_____________________________ Title:__________________________ Date:___________________________ Exhibit I EXHIBIT G REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ___. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- Exhibit H EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS -----------------------------FIELDS (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in connection with the purchase of the Mortgaged Property; (46) the MERS Identification Number]. With respect to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is 12/12 one month after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is one month after the 11/12 Closing Date 11/12 to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is two months after the 5/6 Closing Date 5/6 to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is three months after the Closing 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is four months after the 2/3 Closing Date 2/3 to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is five months after the 7/12 Closing Date 7/12 to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is six months after the 1/2 Closing Date 1/2 to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is seven months after the Closing 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is eight months after the Closing 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is nine months after the 1/4 Closing Date 1/4 to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is ten months after the 1/6 Closing Date 1/6 to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- ________________________________________________________________________________ For the period from the date which is eleven months after the Closing 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ________________________________________________________________________________ ================================================================================ GOLDMAN SACHS MORTGAGE COMPANY (Purxxxxxx) and WELLS FARGO HOME MORTGAGE, INC. (Sxxxxx) MORTGAGE LOAN PURCHASE AGREEMENT Dated as of August 15, 2002 WFHM Pools 5493, 5494, 5495, 5496, 5497, 5498, 5499 and 5500 ================================================================================ TABLE OF CONTENTS 1. Purchase and Sale.......................................................

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mortgage Pass THR Certs Ser 2003-Sea)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date xx xx txx xxte and time of the salx xx xxe xxxxesale of the above-mentioned Mortgage Loan, Loans to Goldman Sachs Mortgage Company the security sxxxxxxx interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. _____________________________ By:___________________________ Title:________________________ Date:_________________________ EXHIBIT G I UNDERWRITING GUIDELINES ----------------------- EXHIBIT J REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF -------------------------------------------------------------------------- THE MORTGAGE LOANS ------------------------------------- ------------------ Pool Characteristics of the Mortgage Loans as delivered on the related Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ____ as of the origination date. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's a `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's a `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the related Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the related Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address K SERVICER ACKNOWLEDGMENT ----------------------- As of the Mortgaged Property including the city[_________] First NLC Financial Services, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupiedLLC 175 North Riverview Drive Anaheim, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated CX 00000 Xx: Xxxxxx Xxxxxxxxx in connection with the purchase by Goldman Sachs Mortxxxx Xxmpany (the "Purchaser") and the sale by First NLC Financial Services, LLC (the "Company") of mortgage loans pursuant to that certain Mortgage Loan Purchase and Warranties Agreement (the "Agreement"), dated as of March 25, 2004, by and between the Company and the Purchaser Ladies and Gentlemen: In connection with the above-referenced transaction, and in consideration of the Mortgaged Property;mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Purchaser and the Company hereby agree as follows: (46) 1. Unless otherwise specified in this letter agreement, all capitalized terms herein shall have the MERS Identification Numbermeaning as provided in the Agreement. 2. The Purchaser hereby requests, and the Company hereby acknowledges, that [SERVICER] shall be the "Successor Servicer" under the agreement. 3. This letter may be executed in any number of counterparts each of which shall constitute one and the same instrument, and either party hereto may execute this letter by signing any such counterpart. [the remainder of this page intentionally left blank] 4. With respect This letter shall be deemed in effect when a fully executed counterpart thereof is received by the Company in the State of New York and shall be deemed to have been made in the State of New York. This letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================extent preempted by Federal law.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp. Gsamp Trust 2004-He2)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxethx xxxx ox xxx above-mentioned Mortgage Loan, Loans to Goldman Sachs Mortgage Company the security interests in the Mortgage Loans Mortgxxx Xxxns released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. __________________________________ By:_______________________________ Title:____________________________ Date:_____________________________ EXHIBIT G I UNDERWRITING GUIDELINES ----------------------- EXHIBIT J REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- ------------------------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-cash- out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ____ as of the origination date. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's a `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's a `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- K SELLERS Household Finance Corporation of Alabama Household Finance Corporation II Household Realty Corporation Household Financial Services, Inc. Household Finance Corporation of California Household Finance Corporation III Beneficial Hawaii, Inc. Household Finance Industrial Loan Company of Iowa Mortgage One Corporation dba HFC Mortgage Company Household Finance Realty Corporation of Nevada Household Finance Realty Corporation of New York Household Finance Consumer Discount Company Household Financial Center, Inc. Household Realty Corporation dba Household Realty Corporation of Virginia Beneficial West Virginia, Inc. Household Industrial Finance Company EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- L SERVICER ACKNOWLEDGMENT ----------------------- As of [_________] Household Finance Corporation 2700 Sanders Road Prospect Heights, IL 60070 Re: Letter Axxxxxxxx xx xxxxxxxxxx with the purchase by Goldman Sachs Mortgage Company (1the "Purchaser") and the Seller's xxxx xy Household Finance Corporation, Household Bank f.s.b., and the sellers listed on Exhibit K to the Purchase Agreement (collectively, the "Company") of mortgage loans pursuant to that certain Mortgage Loan identifying number; Purchase and Warranties Agreement (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city"Agreement"), state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate dated as of November 30 2002, by and between the Cut-off Date; (9) Company and the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due Purchaser --------------------------------------------------------------------- Ladies and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in Gentlemen: In connection with the purchase above-referenced transaction, and in consideration of the Mortgaged Property;mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Purchaser and the Company hereby agree as follows: (46) 1. Unless otherwise specified in this letter agreement, all capitalized terms herein shall have the MERS Identification Numbermeaning as provided in the Agreement. 2. The Purchaser hereby requests, and the Company hereby acknowledges, that [SERVICER] shall be the "Successor Servicer" under the agreement. 3. This letter may be executed in any number of counterparts each of which shall constitute one and the same instrument, and either party hereto may execute this letter by signing any such counterpart. [the remainder of this page intentionally left blank] 4. With respect This letter shall be deemed in effect when a fully executed counterpart thereof is received by the Company in the State of New York and shall be deemed to have been made in the State of New York. This letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================extent preempted by Federal law.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxeabove-mentioned Mortgage Loan, Loans to Goldman Sachs Mortgage Company the security interests in the Mortgage Loans released Lxxxx xxlxxxxx by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. ____________________________ By:___________________________ Title:________________________ Date:_________________________ EXHIBIT G I UNDERWRITING GUIDELINES EXHIBIT J REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ____ as of the origination date. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `a stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `a full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- K SERVICER ACKNOWLEDGMENT As of [_________] Fremont Investment & Loan 175 North Riverview Drive Anaheim, CA 92808 Re: Letter Agreemxxx xx xxxxxxxxxx xxxx xxx xxxxxxxx xx Xxxxman Sachs Mortgage Company (1the "Purchaser") and the Seller's saxx xx Xremont Investment & Loan (the "Company") of mortgage loans pursuant to that certain Mortgage Loan identifying number; Purchase and Warranties Agreement (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city"Agreement"), state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate dated as of February 25, 2004, by and between the Cut-off Date; (9) Company and the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due Purchaser Ladies and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in Gentlemen: In connection with the purchase above-referenced transaction, and in consideration of the Mortgaged Property;mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Purchaser and the Company hereby agree as follows: (46) 1. Unless otherwise specified in this letter agreement, all capitalized terms herein shall have the MERS Identification Numbermeaning as provided in the Agreement. 2. The Purchaser hereby requests, and the Company hereby acknowledges, that [SERVICER] shall be the "Successor Servicer" under the agreement. 3. This letter may be executed in any number of counterparts each of which shall constitute one and the same instrument, and either party hereto may execute this letter by signing any such counterpart. [the remainder of this page intentionally left blank] 4. With respect This letter shall be deemed in effect when a fully executed counterpart thereof is received by the Company in the State of New York and shall be deemed to have been made in the State of New York. This letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the Mortgage Loans in the aggregateextent preempted by Federal law. Very truly yours, GOLDMAN SACHS MORTGAGE COMPANY Xx: _______________________________ Name:_____________________________ Title:____________________________ Accepted and Agreed: FREMONT INVESTMENT & LOAN (1Seller) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing DateBy: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date__________________________ Name: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date________________________ Title: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q _______________________ ================================================================================ FLOW MORTGAGE LOAN PURCHASE AND WARRANTIES AGREEMENT ___________________ GOLDMAN SACHS MORTGAGE COMPANY, Puxxxxxxx and FREMONT INVESTMENT & LOAN Seller Dated as of November 24, 2004 Conventional, Adjustable and Fixed Rate Residential Mortgage Loans ================================================================================ TABLE OF CONTENTS SECTION 1. DEFINITIONS..................................................

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GS Mortgage GSAMP Trust 2005-He1)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxeabove-mentioned Mortgage Loan, the security interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. By:___________________________ Title:_________________________ Date:_________________________ EXHIBIT G REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ___. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS -----------------------------FIELDS (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in connection with the purchase of the Mortgaged Property; (46) the MERS Identification Number]. With respect to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Securities Corp Mort Pa Th Ce Se 2002-He)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxexxxx xf xxx above-mentioned Mortgage Loan, Loans to Goldman Sachs Mortgage Company the security interests in the Mortgage Loans Mortgaxx Xxxxs released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. ______________________________ By:___________________________ Title:________________________ Date:_________________________ EXHIBIT G I UNDERWRITING GUIDELINES ----------------------- EXHIBIT J REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ____ as of the origination date. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's a `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's a `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- K SERVICER ACKNOWLEDGMENT ----------------------- As of [_________] Fremont Investment & Loan 175 North Riverview Drive Anaheim, CA 92808 Re: Letter Agreexxxx xx xxxxxxxxxx xxxx xxx xxxxxxxx xx Xxxdman Sachs Mortgage Company (1the "Purchaser") and the Seller's saxx xx Fremont Investment & Loan (the "Company") of mortgage loans pursuant to that certain Mortgage Loan identifying number; Purchase and Warranties Agreement (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city"Agreement"), state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate dated as of November 1, 2003, by and between the Cut-off Date; (9) Company and the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due Purchaser ----------------------------------------- Ladies and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in Gentlemen: In connection with the purchase above-referenced transaction, and in consideration of the Mortgaged Property;mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Purchaser and the Company hereby agree as follows: (46) 1. Unless otherwise specified in this letter agreement, all capitalized terms herein shall have the MERS Identification Number]meaning as provided in the Agreement. 2. With respect The Purchaser hereby requests, and the Company hereby acknowledges, that [SERVICER] shall be the "Successor Servicer" under the agreement. 3. This letter may be executed in any number of counterparts each of which shall constitute one and the same instrument, and either party hereto may execute this letter by signing any such counterpart. 4. This letter shall be deemed in effect when a fully executed counterpart thereof is received by the Company in the State of New York and shall be deemed to have been made in the State of New York. This letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================extent preempted by Federal law.

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-10)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxeabove-mentioned Mortgage Loan, the security interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. By:___________________________ Title:_________________________ Date:_________________________ EXHIBIT G REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- ------------------------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ___. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in connection with the purchase of the Mortgaged Property; (46) the MERS Identification Number]. With respect to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date and time of the salx xx xxe xxxxe-mentioned Mortgage Loan, the security interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. By:___________________________ Title:_________________________ Date:_________________________ EXHIBIT G REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- ------------------------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ___. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address of the Mortgaged Property including the city, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated in connection with the purchase of the Mortgaged Property; (46) the MERS Identification Number]. With respect to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-Wmc1)

Certification of Release. The Company named below hereby certifies to Goldman Sachs Mortgage Company that, as of the date xx xx txx xxte and time of the salx xx xxe xxxxesale of the above-mentioned Mortgage Loan, Loans to Goldman Sachs Mortgage Company the security sxxxxxxx interests in the Mortgage Loans released by the above-named financial institution comprise all security interests relating to or affecting any and all such Mortgage Loans. The Company warrants that, as of such time, there are and will be no other security interests affecting any or all of such Mortgage Loans. WMC MORTGAGE CORP. ________________________________________ By:_____________________________________ Title:__________________________________ Date:___________________________________ EXHIBIT G I UNDERWRITING GUIDELINES EXHIBIT J REPRESENTATIONS AND WARRANTIES WITH RESPECT TO THE POOL ------------------------------------------------------- CHARACTERISTICS OF THE MORTGAGE LOANS ------------------------------------- Pool Characteristics of the Mortgage Loans as delivered on the Closing Date: With respect to both aggregate outstanding principal balance of all the Mortgage Loans, (a) no more than ___% of the Mortgage Loans are secured by real property improved by two- to four- family dwellings, (b) no more than ___% are secured by real property improved by individual condominium units, (c) no more than ___% are secured by real property improved by an individual unit in a planned unit development, and (d) at least ___% are secured by real property with a detached one family residence erected thereon. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (a) no more than ____% are "cash-out" refinance mortgage loans, (b) no more than ____% are rate and term refinance mortgage loans and (c) at least ____% are purchase mortgage loans. With respect to the aggregate unpaid principal balance of the Mortgage Loans at the time of origination, (a) no more than ____% of the Mortgaged Properties were owner-occupied second homes, (b) no more than ____% of the Mortgaged Properties were investor properties and (c) at least ____% of the Mortgaged Properties were owner-occupied primary residences. With respect to the aggregate unpaid principal balance of the Mortgage Loans, the weighted average FICO Score shall be at least _______. No Mortgage Loan shall have a FICO Score less than ____ as of the origination date. With respect to the aggregate unpaid principal balance of the Mortgage Loans, (i) no more than __% of the Mortgage Loans were originated under the Seller's a `stated documentation' program, (ii) no more than __% of the Mortgage Loans were originated under a documentation program which is lacking ratio verification, (iii) no more than __% of the Mortgage Loans have no documentation and (iv) at least _________% of the Mortgage Loan were originated under the Seller's a `full documentation' program. The maximum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The minimum Mortgage Interest Rate on the Mortgage Loans as of the Cut-off Date was ____%. The Mortgage Loans have a weighted average remaining term of ___ months. The maximum original principal balance of the Mortgage Loans is $_______________. The minimum original principal balance of the Mortgage Loans is $______________. The average original principal balance of the Mortgage Loans is $ ______________ _____. With respect to the aggregate unpaid principal balance of the Mortgage Loans: (a) __% of the Mortgaged Properties will be located in [_______]; (b) __% of the Mortgaged Properties will be located in [______] and (c) not more than __% of the Mortgaged Properties will be located in any other single state. The Mortgage Loan, as of the date of its origination, has an LTV equal to or less than ___%. The weighted average LTV of all the Mortgage Loans as of their respective dates of origination was not greater than ____% EXHIBIT H SELLER'S UNDERWRITING GUIDELINES -------------------------------- K SELLERS Household Finance Corporation of Alabama Household Finance Corporation II Household Realty Corporation Household Financial Services, Inc. Household Finance Corporation of California Household Finance Corporation III Beneficial Hawaii, Inc. Household Finance Industrial Loan Company of Iowa Mortgage One Corporation dba HFC Mortgage Company Household Finance Realty Corporation of Nevada Household Finance Realty Corporation of New York Household Finance Consumer Discount Company Household Financial Center, Inc. Household Realty Corporation dba Household Realty Corporation of Virginia Beneficial West Virginia, Inc. Household Industrial Finance Company EXHIBIT I MORTGAGE LOAN SCHEDULE ---------------------- EXHIBIT J --------- MORTGAGE LOAN SCHEDULE FIELDS ----------------------------- (1) the Seller's Mortgage Loan identifying number; (2) the Mortgagor's name; (3) the street address L SERVICER ACKNOWLEDGMENT As of the Mortgaged Property including the city[_________] Household Finance Corporation 2700 Sanders Road Prospect Heights, state and zip code; (4) a code indicating whether the Mortgaged Property is owner-occupied, a second home or investment property; (5) the number and type of residential units constituting the Mortgaged Property (i.e. a single family residence, a 2-4 family residence, a unit in a condominium project or a unit in a planned unit development, manufactured housing); (6) the original months to maturity or the remaining months to maturity from the Cut-off Date, in any case based on the original amortization schedule and, if different, the maturity expressed in the same manner but based on the actual amortization schedule; (7) with respect to First Lien Loans, the LTV and with respect to Second Lien Loans, the CLTV, each at the origination; (8) the Mortgage Interest Rate as of the Cut-off Date; (9) the date on which the Monthly Payment was due on the Mortgage Loan and, if such date is not consistent with the Due Date currently in effect, such Due Date; (10) the stated maturity date; (11) the amount of the Monthly Payment as of the Cut-off Date; (12) the last payment date on which a payment was actually applied to the outstanding principal balance; (13) the original principal amount of the Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the close of business on the Cut-off Date, after deduction of payments of principal due and collected on or before the Cut-off Date; (15) with respect to Adjustable Rate Mortgage Loans, the Interest Rate Adjustment Date; (16) with respect to Adjustable Rate Mortgage Loans, the Gross Margin; (17) with respect to Adjustable Rate Mortgage Loans, the Lifetime Rate Cap under the terms of the Mortgage Note; (18) with respect to Adjustable Rate Mortgage Loans, a code indicating the type of Index; (19) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Cap under the terms of the Mortgage Note; (20) with respect to Adjustable Rate Mortgage Loans, the Periodic Rate Floor under the terms of the Mortgage Note; (21) the type of Mortgage Loan (i.e., Fixed Rate, Adjustable Rate, First Lien, Second Lien); (22) a code indicating the purpose of the loan (i.e., purchase, rate and term refinance, equity take-out refinance); (23) a code indicating the documentation style (i.e. full, alternative or reduced); (24) the loan credit classification (as described in the Underwriting Guidelines); (25) whether such Mortgage Loan provides for a Prepayment Penalty; (26) the Prepayment Penalty period of such Mortgage Loan, if applicable; (27) a description of the Prepayment Penalty, if applicable; (28) the Mortgage Interest Rate as of origination; (29) the credit risk score (FICO score) at origination; (30) the date of origination; (31) the Mortgage Interest Rate adjustment period; (32) the Mortgage Interest Rate adjustment percentage; (33) the Mortgage Interest Rate floor; (34) the Mortgage Interest Rate calculation method (i.e., 30/360, simple interest, other); (35) a code indicating whether the Mortgage Loan is a Section 32 Mortgage Loan; (36) a code indicating whether the Mortgage Loan is assumable; (37) a code indicating whether the Mortgage Loan has been modified; (38) the Current CLTV; (39) the one year payment history, if applicable; (40) the Due Date for the first Monthly Payment; (41) the original Monthly Payment due; (42) with respect to the related Mortgagor, the debt-to-income ratio; (43) with respect to Second Lien Loans, the outstanding principal balance of the superior lien; (44) the Appraised Value of the Mortgaged Property; (45) the sales price of the Mortgaged Property if the Mortgage Loan was originated XX 00000 Xx: Letter Agreement in connection with the purchase by Goldman Sachs Mortgage Cxxxxxx (the "Purchaser") and the sale by Household Finance Corporation, Household Bank F.S.B., and the sellers listed on Exhibit K to the Purchase Agreement (collectively, the "Company") of mortgage loans pursuant to that certain Mortgage Loan Purchase and Warranties Agreement (the "Agreement"), dated as of November 30 2002, by and between the Company and the Purchaser Ladies and Gentlemen: In connection with the above-referenced transaction, and in consideration of the Mortgaged Property;mutual agreements hereinafter set forth, and for other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Purchaser and the Company hereby agree as follows: (46) 1. Unless otherwise specified in this letter agreement, all capitalized terms herein shall have the MERS Identification Numbermeaning as provided in the Agreement. 2. The Purchaser hereby requests, and the Company hereby acknowledges, that [SERVICER] shall be the "Successor Servicer" under the agreement. 3. This letter may be executed in any number of counterparts each of which shall constitute one and the same instrument, and either party hereto may execute this letter by signing any such counterpart. [the remainder of this page intentionally left blank] 4. With respect This letter shall be deemed in effect when a fully executed counterpart thereof is received by the Company in the State of New York and shall be deemed to have been made in the State of New York. This letter shall be construed in accordance with the laws of the State of New York, and the obligations, rights and remedies of the parties hereunder shall be determined in accordance with the laws of the State of New York except to the Mortgage Loans in the aggregate: (1) the number of Mortgage Loans; (2) the current aggregate outstanding principal balance of the Mortgage Loans; (3) the weighted average Mortgage Interest Rate of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage Loans. EXHIBIT K --------- PREMIUM ADJUSTMENT PERCENTAGE ----------------------------- ------------------------------------------------------------------------------- For the period from the Closing Date to, but excluding the 12/12 date which is one month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is one month after the 11/12 Closing Date to, but excluding the date which is two month after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is two months after the 5/6 Closing Date to, but excluding the date which is three months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is three months after the 3/4 Closing Date to, but excluding the date which is four months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is four months after the 2/3 Closing Date to, but excluding the date which is five months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is five months after the 7/12 Closing Date to, but excluding the date which is six months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is six months after the 1/2 Closing Date to, but excluding the date which is seven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is seven months after the 5/12 Closing Date to, but excluding the date which is eight months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eight months after the 1/3 Closing Date to, but excluding the date which is nine months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is nine months after the 1/4 Closing Date to, but excluding the date which is ten months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is ten months after the 1/6 Closing Date to, but excluding the date which is eleven months after the Closing Date: ------------------------------------------------------------------------------- For the period from the date which is eleven months after the 1/12 Closing Date to, but excluding the date which is twelve months after the Closing Date: ------------------------------------------------------------------------------- EXHIBIT Q ================================================================================extent preempted by Federal law.

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Samples: Pooling and Servicing Agreement (Gs Mortgage Sec Corp Mort Pass THR Cert Ser 2002-He2)