Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms)
Conveyance of Mortgage Loans Original Issuance of Certificates. 39 Section 2.01. Conveyance of Mortgage Loans.....................................39
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans................................. Section 2.02 Acceptance by the Trustee of the Mortgage Loans...........
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01. Conveyance of Mortgage Loans..........................................................59 SECTION 2.02. Acceptance of REMIC I by the Trustee..................................................61 SECTION 2.03. Repurchase or Substitution of Mortgage Loans by the Seller or the Depositor; Payment of Prepayment Charge Payment Amounts. .....................................................................................63 SECTION 2.04. [Reserved]............................................................................66 SECTION 2.05. Representations, Warranties and Covenants of the Master Servicer. .....................................................................................66 SECTION 2.06. Issuance of the REMIC I Regular Interests and the Class R-I Interest. .....................................................................................68 SECTION 2.07. Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II by the Trustee...............................................................69 SECTION 2.08. Issuance of Class R Certificates......................................................69 ARTICLE III
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01. Conveyance of Mortgage Loans. The Depositor, concurrently with the execution and delivery hereof, does hereby transfer, assign, set over and otherwise convey to the Trustee without recourse for the benefit of the Certificateholders and the Certificate Insurer all the right, title and interest of the Depositor, including any security interest therein for the benefit of the Depositor, in and to the Mortgage Loans identified on the Mortgage Loan Schedule, the rights of the Depositor under the Mortgage Loan Purchase Agreement, all other assets included or to be included in REMIC I (including any payments made under the Cap Contracts). Such assignment includes all interest and principal received by the Depositor or the Master Servicer on or with respect to the Mortgage Loans (other than payments of principal and interest due on such Mortgage Loans on or before the Cut-off Date). The Depositor herewith delivers to the Trustee an executed copy of the Mortgage Loan Purchase Agreement and the PMI Policy and the Trustee, on behalf of the Certificateholders and the Certificate Insurer, acknowledges receipt of the same. In connection with such transfer and assignment, the Depositor does hereby deliver to, and deposit with, the Trustee the following documents or instruments with respect to each Mortgage Loan so transferred and assigned the following documents or instruments (a "Mortgage File"):
(i) the original Mortgage Note, endorsed in blank, without recourse, or in the following form: "Pay to the order of Deutsche Bank National Trust Company, as Trustee under the applicable agreement, without recourse," with all prior and intervening endorsements showing a complete chain of endorsement from the originator to the Person so endorsing to the Trustee, or with respect to any lost Mortgage Note, an original Lost Note Affidavit; provided however, that such substitutions of Lost Note Affidavits for original Mortgage Notes may occur only with respect to Mortgage Loans, the aggregate Cut-off Date Principal Balance of which is less than or equal to 2.00% of the Pool Balance as of the Cut- off Date;
(ii) the original Mortgage, with evidence of recording thereon, and a copy, certified by the appropriate recording office, of the recorded power of attorney, if the Mortgage was executed pursuant to a power of attorney, with evidence of recording thereon;
(iii) an original Assignment of the Mortgage assigned in blank, without recourse;
(iv) the original recorded interv...
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01. Conveyance of Mortgage Loans..................................29 SECTION 2.02. Acceptance of the Trust Fund by the Trustee...................32
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans................................. Section 2.02 Acceptance by the Trustee or Custodian of the Mortgage Loans....................................................... Section 2.03 Representations, Warranties and Covenants of the Master Servicer.................................................... Section 2.04 Representations and Warranties of the Depositor as to the Mortgage Loans.............................................. Section 2.05 Designation of Interests in the REMICs....................... Section 2.06 Designation of Start-up Day.................................. Section 2.07 REMIC Certificate Maturity Date.............................. Section 2.08 Execution and Delivery of Certificates.......................
Conveyance of Mortgage Loans Original Issuance of Certificates. Section 2.01 Conveyance of Mortgage Loans. (See Section 2.01 of the Standard Terms) ...................................................................-18- Section 2.02 Acceptance by Trustee. (See Section 2.02 of the Standard Terms) ...................................................................-18- Section 2.03 Representations, Warranties and Covenants of the Master Servicer and the Company.............................................................-18- Section 2.04 Representations and Warranties of Sellers. (See Section 2.04 of the Standard Terms) ...................................................................-20- Section 2.05 Execution and Authentication of Certificates........................-20- ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS
Conveyance of Mortgage Loans Original Issuance of Certificates. SECTION 2.01 Conveyance of the Mortgage Loans..............................54 SECTION 2.02 Acceptance of REMIC I by Trustee..............................56 SECTION 2.03 Repurchase or Substitution of Mortgage Loans by the Originators, the Seller or the Depositor......................58 SECTION 2.04 Representations and Warranties of the Depositor...............62 SECTION 2.05 Representations, Warranties and Covenants of the Servicers....64 SECTION 2.06 Issuance of the Class R-I Certificates........................67 SECTION 2.07 Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II by the Trustee.......................................67 SECTION 2.08 Issuance of Class R-II Certificates...........................68 SECTION 2.09 Conveyance of REMIC II Regular Interests; Acceptance of REMIC III by the Trustee......................................68 SECTION 2.10 Issuance of REMIC III Certificates............................68 ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
SECTION 3.01 Servicers to Act as Servicers.................................69 SECTION 3.02 Sub-Servicing Agreements Between Servicer and Sub-Servicers...71 SECTION 3.03 Successor Sub-Servicers.......................................73 SECTION 3.04 Liability of the Servicer.....................................73 SECTION 3.05 No Contractual Relationship Between Sub-Servicers and the Trust Administrator, the Trustee or Certificateholders.....
Conveyance of Mortgage Loans Original Issuance of Certificates. 52 Section 2.01 Conveyance of Mortgage Loans to Trustee................. 52 Section 2.02 Acceptance of Mortgage Loans by Trustee................. 55 Section 2.03 Assignment of Interest in the Mortgage Loan Purchase Agreement............................................... 58 Section 2.04 Substitution of Mortgage Loans.......................... 59 Section 2.05 Issuance of Certificates................................ 61 Section 2.06 Representations and Warranties Concerning the Depositor............................................... 61 Section 2.07 Representations and Warranties Concerning the Master Servicer and Securities Administrator................... 62
