Common use of Debt Service Reduction Clause in Contracts

Debt Service Reduction. 12- Deficient Valuation..........................................-12- Definitive Certificates......................................-12- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- Depository...................................................-12- Depository Institution.......................................-12- Depository Participant.......................................-13- Determination Date...........................................-13- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- Distribution Date............................................-13- Due Date ....................................................-13- Due Period...................................................-13- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-

Debt Service Reduction. 12- 13- Deficient Valuation..........................................-12- .................................................................-13- Definitive Certificates......................................-12- .............................................................-13- Deleted Mortgage Loan........................................-12- ...............................................................-13- Delinquency Percentage.......................................-12- ..............................................................-13- Depositor....................................................-12- ...........................................................................-13- Depository...................................................-12- ..........................................................................-13- Depository Institution.......................................-12- ..............................................................-13- Depository Participant.......................................-13- ..............................................................-14- Determination Date...........................................-13- ..................................................................-14- Disqualified Organization....................................-13- ...........................................................-14- Distribution Account.........................................-13- ................................................................-14- Distribution Account Deposit Date............................-13- ...................................................-14- Distribution Date............................................-13- ...................................................................-14- Due Date ....................................................-13- ...........................................................................-14- Due Period...................................................-13- ..........................................................................-15- Eligible Account.............................................-13- ....................................................................-15- ERISA .......................................................-14- ...........................................................................-15- Estate in Real Property......................................-14-.............................................................-15-

Debt Service Reduction. 12- Deficient Valuation...........................................................................................................-12- Definitive Certificates......................................Certificate..............................................................-12- Deleted Mortgage Loan.......................................................................................................-12- Delinquency Percentage.......................................-12- Depositor....................................................Delinquent..........................................................................-12- Depository...................................................-12- Depository Institution.......................................-12- ..........................................................................-13- Depository Participant.....................................................................................................-13- Destroyed Mortgage Note.............................................................-13- Determination Date.............................................................................................................-13- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date.......................................................................................-13- Distribution Date...............................................................................................................-13- Diverted Excess Spread..............................................................-13- Due Date ....................................................-13- ...........................................................................-14- Due Period...................................................-13- ..........................................................................-14- Eligible Account.............................................-13- ....................................................................-14- ERISA .......................................................-14- Estate in Real Property.................................................................................................................-14-

Debt Service Reduction. 12- 11- Deficient Valuation..........................................-12- ..........................................................................-11- Definitive Certificates......................................-12- ......................................................................-11- Deleted Mortgage Loan........................................-12- ........................................................................-11- Delinquency Percentage.......................................-12- .......................................................................-11- Depositor........................................................................................................................................-12- Depository......................................................................................................................................-12- Depository Institution..............................................................................................................-12- Depository Participant.......................................-13- .......................................................................-12- Determination Date...........................................-13- ...........................................................................-12- Directly Operate.............................................................................-12- Disqualified Organization....................................-13- ....................................................................-12- Distribution Account.........................................-13- Distribution Account Deposit Date.....................................................................................................-13- Distribution Date........................................................................................................................-13- DOL ....................................................................................-13- DOL Regulations..............................................................................-13- Due Date ........................................................................................................................................-13- Due Period......................................................................................................................................-13- Eligible Account..........................................................................................................................-13- ERISA .......................................................-14- ....................................................................................-13- Estate in Real Property............................................................................................................-14-

Debt Service Reduction. 12- 11- Deficient Valuation....................................................................................................................-12- Definitive Certificates............................................................................................................-12- Deleted Mortgage Loan................................................................................................................-12- Delinquency Percentage..............................................................................................................-12- Depositor........................................................................................................................................-12- Depository......................................................................................................................................-12- Depository Institution..............................................................................................................-12- Depository Participant.......................................-13- .......................................................................-12- Determination Date......................................................................................................................-12- Directly Operate.............................................................................-13- Disqualified Organization........................................................................................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date.....................................................................................................-13- Distribution Date........................................................................................................................-13- Due Date ........................................................................................................................................-13- Due Period...................................................-13- ...................................................................................-14- Eligible Account.............................................-13- .............................................................................-14- ERISA ...........................................................................................................................................-14- Estate in Real Property............................................................................................................-14- Excess Overcollateralized Amount.............................................................-14- Expense Adjusted Mortgage Rate...............................................................-14- Expense Adjusted Maximum Mortgage Rate.......................................................-14- Extra Principal Distribution Amount..........................................................-14- Fannie Mae...................................................................................-14- FDIC ....................................................................................-14-

Debt Service Reduction. 12- Deficient Valuation...........................................................................................-12- Definitive Certificates......................................Certificate..............................................-12- Deleted Mortgage Loan.......................................................................................-12- Delinquency Percentage.......................................-12- Depositor....................................................Delinquent..........................................................-12- Depository...................................................-12- Depository Institution.......................................-12- ..........................................................-13- Depository Participant.....................................................................................-13- Destroyed Mortgage Note.............................................-13- Determination Date.............................................................................................-13- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date.......................................................................-13- Distribution Date...............................................................................................-13- Diverted Excess Spread..............................................-13- Due Date ....................................................-13- Date............................................................-14- Due Period...................................................-13- ..........................................................-14- Eligible Account.............................................-13- ....................................................-14- ERISA .......................................................-14- Estate in Real Property...................................................................................................-14-

Debt Service Reduction. 12- 15- Deficient Valuation..........................................-12- .................................................................-16- Definitive Certificates......................................-12- .............................................................-16- Deleted Mortgage Loan........................................-12- ...............................................................-16- Delinquency Percentage.......................................-12- ..............................................................-16- Depositor....................................................-12- ...........................................................................-16- Depository...................................................-12- ..........................................................................-16- Depository Institution.......................................-12- ..............................................................-16- Depository Participant.......................................-13- ..............................................................-16- Determination Date...........................................-13- ..................................................................-16- Disqualified Organization....................................-13- ...........................................................-17- Distribution Account.........................................-13- ................................................................-17- Distribution Account Deposit Date............................-13- ...................................................-17- Distribution Date............................................-13- ...................................................................-17- Due Date ....................................................-13- ...........................................................................-17- Due Period...................................................-13- ..........................................................................-17- Eligible Account.............................................-13- ....................................................................-17- ERISA .......................................................-14- Estate in Real Property......................................-14-...........................................................................-18-

Debt Service Reduction. 12- 14- Deficient Valuation..........................................-12- .................................................-14- Definitive Certificates......................................-12- Certificate..............................................-14- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- ...............................................-14- Delinquent..........................................................-14- Depository...................................................-12- Depository Institution.......................................-12- ..........................................................-15- Depository Participant.......................................-13- ..............................................-15- Destroyed Mortgage Note.............................................-15- Determination Date...........................................-13- ..................................................-15- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ...........................................-15- Distribution Date............................................-13- ...................................................-16- Diverted Excess Spread..............................................-16- Due Date ....................................................-13- Date............................................................-16- Due Period...................................................-13- ..........................................................-16- Eligible Account.............................................-13- ....................................................-16- ERISA .......................................................-14- Estate in Real Property......................................-14-.............................................................-16-

Debt Service Reduction. 12- 13- Deficient Valuation..........................................-12- ........................................................-14- Definitive Certificates......................................-12- Certificate.....................................................-14- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- ......................................................-14- Delinquent.................................................................-14- Depository...................................................-12- Depository Institution.......................................-12- .................................................................-14- Depository Participant.......................................-13- .....................................................-14- Destroyed Mortgage Note....................................................-14- Determination Date...........................................-13- .........................................................-14- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ..................................................-14- Distribution Date............................................-13- ..........................................................-15- Due Date ....................................................-13- Date...................................................................-15- Due Period...................................................-13- .................................................................-15- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-...........................................................-15- ERISA......................................................................-16-

Debt Service Reduction. 12- 15- Deficient Valuation..........................................-12- .................................................................-16- Definitive Certificates......................................-12- .............................................................-16- Deleted Mortgage Loan........................................-12- ...............................................................-16- Delinquency Percentage.......................................-12- ..............................................................-16- Depositor....................................................-12- ...........................................................................-16- Depository...................................................-12- ..........................................................................-16- Depository Institution.......................................-12- ..............................................................-16- Depository Participant.......................................-13- ..............................................................-16- Determination Date...........................................-13- ..................................................................-16- Directly Operate....................................................................-17- Disqualified Organization....................................-13- ...........................................................-17- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- Distribution Date............................................-13- Due Date ....................................................-13- Due Period...................................................-13- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-................................................................-17-

Debt Service Reduction. 12- 13- Deficient Valuation..........................................-12- -13- Definitive Certificates......................................-12- -13- Deleted Mortgage Loan........................................-12- -13- Delinquency Percentage.......................................-12- -13- Depositor....................................................-12- -13- Depository...................................................-12- -13- Depository Institution.......................................-12- -13- Depository Participant.......................................-13- Determination Date...........................................-13- -14- Disqualified Organization....................................-13- -14- Distribution Account.........................................-13- -14- Distribution Account Deposit Date............................-13- -14- Distribution Date............................................-13- -14- Due Date ....................................................-13- -14- Due Period...................................................-13- -14- Eligible Account.............................................-13- -14- ERISA .......................................................-14- -15- Estate in Real Property......................................-14--15-

Debt Service Reduction. 12- Deficient Valuation................................................................................ -12- Definitive Certificates........................................................................ -12- Deleted Mortgage Loan............................................................................ -12- Delinquency Percentage.......................................................................... -12- Depositor....................................................-12- ................................................ -13- Depository...................................................-12- ............................................... -13- Depository Institution.......................................-12- ................................... -13- Depository Participant.......................................................................... -13- Determination Date.................................................................................. -13- Directly Operate......................................... -13- Disqualified Organization.................................................................... -13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ..................................... -14- Distribution Date............................................-13- ........................................ -14- Due Date ....................................................-13- Date................................................. -14- Due Period...................................................-13- ............................................... -14- Eligible Account.............................................-13- ERISA ................................................................................................ -14- ERISA.................................................... -14- Estate in Real Property........................................................................ -14-

Debt Service Reduction. 12- 15- Deficient Valuation..........................................-12- .................................................-15- Definitive Certificates......................................-12- Certificate..............................................-15- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- ...............................................-15- Delinquent..........................................................-15- Depository...................................................-12- Depository Institution.......................................-12- ..........................................................-15- Depository Participant.......................................-13- ..............................................-15- Destroyed Mortgage Note.............................................-16- Determination Date...........................................-13- ..................................................-16- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ...........................................-16- Distribution Date............................................-13- ...................................................-16- Diverted Excess Spread..............................................-16- Due Date ....................................................-13- Date............................................................-16- Due Period...................................................-13- ..........................................................-16- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-....................................................-17- (ii)

Debt Service Reduction. 12- 13- Deficient Valuation..........................................-12- .................................................-13- Definitive Certificates......................................-12- Certificate..............................................-14- Deleted Mortgage Loan........................................-12- Delinquency Percentage.......................................-12- Depositor....................................................-12- ...............................................-14- Delinquent..........................................................-14- Depository...................................................-12- Depository Institution.......................................-12- ..........................................................-14- Depository Participant.......................................-13- ..............................................-14- Destroyed Mortgage Note.............................................-14- Determination Date...........................................-13- ..................................................-14- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ...........................................-14- Distribution Date............................................-13- ...................................................-15- Diverted Excess Spread..............................................-15- Due Date ....................................................-13- Date............................................................-15- Due Period...................................................-13- ..........................................................-15- Eligible Account.............................................-13- ....................................................-15- ERISA .......................................................-14- Estate in Real Property......................................-14-.............................................................-16- Euroclear...........................................................-16-

Debt Service Reduction. 12- 10- Deficient Valuation..........................................-12- .............................................................................-10- Definitive Certificates......................................-12- .........................................................................-10- Deleted Mortgage Loan........................................-12- ...........................................................................-11- Delinquency Percentage.......................................-12- ..........................................................................-11- Depositor....................................................-12- .......................................................................................-11- Depository...................................................-12- ......................................................................................-11- Depository Institution.......................................-12- ..........................................................................-11- Depository Participant.......................................-13- ..........................................................................-11- Determination Date...........................................-13- ..............................................................................-11- Directly Operate................................................................................-11- Disqualified Organization....................................-13- .......................................................................-12- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- ............................................................................-12- Distribution Date............................................-13- ...............................................................................-12- Due Date ....................................................-13- .......................................................................................-12- Due Period...................................................-13- ......................................................................................-12- Eligible Account.............................................-13- ................................................................................-12- ERISA .......................................................-14- .......................................................................................-12- Estate in Real Property......................................-14-.........................................................................-13- Excess Overcollateralized Amount................................................................-13- Expense Adjusted Mortgage Rate..................................................................-13- Extraordinary Trust Fund Expense................................................................-13- Fannie Mae......................................................................................-13- FDIC .......................................................................................-13-

Debt Service Reduction. 12- 9- Deficient Valuation..........................................-12- ..................................................-9- Definitive Certificates......................................-12- Certificate..............................................-10- Deleted Mortgage Loan.......................................................................................-10- Delinquent..........................................................-10- Depository..........................................................-10- Depository Participant..............................................-10- Destroyed Mortgage Note.............................................-10- Determination Date..................................................-10- Disqualified Organization...........................................-10- Distribution Date...................................................-11- Due Date............................................................-11- Due Period..........................................................-11- Eligible Account....................................................-11- ERISA .............................................................-11- Euroclear...........................................................-12- Delinquency Percentage.......................................-12- DepositorEvent of Default....................................................-12- DepositoryExcess Fraud Loss...................................................-12- Depository Institution.......................................-12- Depository Participant.......................................-13- Determination Date...........................................-13- Disqualified Organization....................................-13- Distribution Account.........................................-13- Distribution Account Deposit Date............................-13- Distribution Date............................................-13- Due Date ....................................................-13- Due Period...................................................-13- Eligible Account.............................................-13- ERISA .......................................................-14- Estate in Real Property......................................-14-Excess Loss.........................................................-12