Common use of DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES Clause in Contracts

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. Section 2.06 Grant Clause. 61 Section 3.01 The Certificates. 62 Section 3.02 Registration. 62 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 Section 3.05 Replacement of Certificates. 66 Section 3.06 Persons Deemed Owners. 66 Section 3.07 Temporary Certificates. 67 Section 3.08 Appointment of Paying Agent. 67 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. . Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. 50 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 50 Section 2.06 Grant Clause. 61 51 ARTICLE III THE CERTIFICATES Section 3.01 The Certificates. 62 Section 3.02 Registration. 62 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 57 Section 3.05 Replacement of Certificates. 66 57 Section 3.06 Persons Deemed Owners. 66 58 Section 3.07 Temporary Certificates. 67 58 Section 3.08 Appointment of Paying Agent. 67 58 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 62 Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 66 Section 2.03 Representations and Warranties of the Depositor. 57 68 Section 2.04 Discovery of Breach. 69 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 70 Section 2.06 Grant Clause. 61 71 Section 3.01 The Certificates. 62 72 Section 3.02 Registration. 62 73 Section 3.03 Transfer and Exchange of Certificates. 63 74 Section 3.04 Cancellation of Certificates. 66 80 Section 3.05 Replacement of Certificates. 66 80 Section 3.06 Persons Deemed Owners. 66 81 Section 3.07 Temporary Certificates. 67 81 Section 3.08 Appointment of Paying Agent. 67 81 Section 3.09 Book-Entry Certificates.. 82

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 60 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 64 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 66 Section 2.04 2.04. Discovery of Breach. 68 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 68 Section 2.06 2.06. Grant Clause. 61 70 Section 3.01 3.01. The Certificates. 62 71 Section 3.02 3.02. Registration. 62 72 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 73 Section 3.04 3.04. Cancellation of Certificates. 66 79 Section 3.05 3.05. Replacement of Certificates. 66 79 Section 3.06 3.06. Persons Deemed Owners. 66 79 Section 3.07 3.07. Temporary Certificates. 67 80 Section 3.08 3.08. Appointment of Paying Agent. 67 80 Section 3.09 3.09. Book-Entry Certificates.. 81

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Section 2.03 Representations and Warranties of the Depositor. 57 Depositor 51 Section 2.04 Discovery of Breach. Breach 52 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. Loans Section 2.06 Grant Clause. 61 Clause ARTICLE III THE CERTIFICATES Section 3.01 The Certificates. 62 Certificates Section 3.02 Registration. 62 Registration 57 Section 3.03 Transfer and Exchange of Certificates. 63 Certificates 57 Section 3.04 Cancellation of Certificates. 66 Certificates 63 Section 3.05 Replacement of Certificates. 66 Certificates 63 Section 3.06 Persons Deemed Owners. 66 Owners 63 Section 3.07 Temporary Certificates. 67 Certificates Section 3.08 Appointment of Paying Agent. 67 Agent Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. . Section 2.03 Representations and Warranties of the Depositor. 57 52 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 55 Section 2.06 Grant Clause. 61 56 Section 3.01 The Certificates. 62 57 Section 3.02 Registration. 62 58 Section 3.03 Transfer and Exchange of Certificates. 63 58 Section 3.04 Cancellation of Certificates. 66 Section 3.05 Replacement of Certificates. 66 Section 3.06 Persons Deemed Owners. 66 64 Section 3.07 Temporary Certificates. 67 65 Section 3.08 Appointment of Paying Agent. 67 65 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. . Section 2.03 Representations and Warranties of the Depositor. 57 58 Section 2.04 Discovery of Breach. . Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 60 Section 2.06 Grant Clause. 61 Section 3.01 The Certificates. 62 Section 3.02 Registration. 62 63 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 69 Section 3.05 Replacement of Certificates. 66 69 Section 3.06 Persons Deemed Owners. 66 69 Section 3.07 Temporary Certificates. 67 70 Section 3.08 Appointment of Paying Agent. 67 70 Section 3.09 Book-Entry Certificates.. 70

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Fund Section 2.03 Representations and Warranties of the Depositor. 57 Depositor 56 Section 2.04 Discovery of Breach. Breach 58 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. Loans Section 2.06 Grant Clause. 61 Clause Section 3.01 The Certificates. 62 Certificates Section 3.02 Registration. Registration 62 Section 3.03 Transfer and Exchange of Certificates. 63 Certificates 62 Section 3.04 Cancellation of Certificates. 66 Certificates 65 Section 3.05 Replacement of Certificates. 66 Certificates 65 Section 3.06 Persons Deemed Owners. Owners 66 Section 3.07 Temporary Certificates. 67 Certificates 66 Section 3.08 Appointment of Paying Agent. 67 Agent 66 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 61 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 65 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 67 Section 2.04 2.04. Discovery of Breach. 69 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 69 Section 2.06 2.06. Grant Clause. 61 71 Section 3.01 3.01. The Certificates. 62 72 Section 3.02 3.02. Registration. 62 73 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 74 Section 3.04 3.04. Cancellation of Certificates. 66 80 Section 3.05 3.05. Replacement of Certificates. 66 80 Section 3.06 3.06. Persons Deemed Owners. 66 81 Section 3.07 3.07. Temporary Certificates. 67 81 Section 3.08 3.08. Appointment of Paying Agent. 67 81 Section 3.09 3.09. Book-Entry Certificates.. 82

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 61 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 66 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 67 Section 2.04 2.04. Discovery of Breach. 69 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 70 Section 2.06 2.06. Grant Clause. 61 71 Section 3.01 3.01. The Certificates. 62 72 Section 3.02 3.02. Registration. 62 74 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 74 Section 3.04 3.04. Cancellation of Certificates. 66 81 Section 3.05 3.05. Replacement of Certificates. 66 81 Section 3.06 3.06. Persons Deemed Owners. 66 81 Section 3.07 3.07. Temporary Certificates. 67 81 Section 3.08 3.08. Appointment of Paying Agent. 67 82 Section 3.09 3.09. Book-Entry Certificates.. 83

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 48 Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 51 Section 2.03 Representations and Warranties of the Depositor. 57 53 Section 2.04 Discovery of Breach. 55 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 55 Section 2.06 Grant Clause. 61 56 Section 3.01 The Certificates. 62 58 Section 3.02 Registration. 62 58 Section 3.03 Transfer and Exchange of Certificates. 63 59 Section 3.04 Cancellation of Certificates. 66 62 Section 3.05 Replacement of Certificates. 66 62 Section 3.06 Persons Deemed Owners. 66 62 Section 3.07 Temporary Certificates. 67 63 Section 3.08 Appointment of Paying Agent. 67 63 Section 3.09 Book-Entry Certificates.. 63

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. . Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 62 Section 2.06 Grant Clause. 61 63 Section 3.01 The Certificates. 62 64 Section 3.02 Registration. 62 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 69 Section 3.05 Replacement of Certificates. 66 69 Section 3.06 Persons Deemed Owners. 66 70 Section 3.07 Temporary Certificates. 67 70 Section 3.08 Appointment of Paying Agent. 67 70 Section 3.09 Book-Entry Certificates.. 71

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 47 Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 51 Section 2.03 Representations and Warranties of the Depositor. 57 52 Section 2.04 Discovery of Breach. 54 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 55 Section 2.06 Grant Clause. 61 56 Section 3.01 The Certificates. 62 57 Section 3.02 Registration. 62 58 Section 3.03 Transfer and Exchange of Certificates. 63 59 Section 3.04 Cancellation of Certificates. 66 65 Section 3.05 Replacement of Certificates. 66 65 Section 3.06 Persons Deemed Owners. 66 65 Section 3.07 Temporary Certificates. 67 65 Section 3.08 Appointment of Paying Agent. 67 66 Section 3.09 Book-Entry Certificates.. 66

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 60 Section 2.06 Grant Clause. 61 Section 3.01 The Certificates. 62 Certificates 63 Section 3.02 Registration. 62 63 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 Section 3.05 Replacement of Certificates. 66 Section 3.06 Persons Deemed Owners. 66 68 Section 3.07 Temporary Certificates. 67 Section 3.08 Appointment of Paying Agent. 67 69 Section 3.09 Book-Entry Certificates.. 69

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 61 Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 66 Section 2.03 Representations and Warranties of the Depositor. 57 67 Section 2.04 Discovery of Breach. 69 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 69 Section 2.06 Grant Clause. 61 70 Section 3.01 The Certificates. 62 72 Section 3.02 Registration. 62 73 Section 3.03 Transfer and Exchange of Certificates. 63 73 Section 3.04 Cancellation of Certificates. 66 80 Section 3.05 Replacement of Certificates. 66 80 Section 3.06 Persons Deemed Owners. 66 80 Section 3.07 Temporary Certificates. 67 80 Section 3.08 Appointment of Paying Agent. 67 81 Section 3.09 Book-Entry Certificates.. 82

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 55 Section 2.06 Grant Clause. 61 56 Section 3.01 The Certificates. 62 57 Section 3.02 Registration. 62 58 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 62 Section 3.05 Replacement of Certificates. 66 Section 3.06 Persons Deemed Owners. 66 64 Section 3.07 Temporary Certificates. 67 65 Section 3.08 Appointment of Paying Agent. 67 65 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 62 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 67 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 68 Section 2.04 2.04. Discovery of Breach. 70 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 71 Section 2.06 2.06. Grant Clause. 61 72 Section 3.01 3.01. The Certificates. 62 73 Section 3.02 3.02. Registration. 62 75 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 75 Section 3.04 3.04. Cancellation of Certificates. 66 81 Section 3.05 3.05. Replacement of Certificates. 66 81 Section 3.06 3.06. Persons Deemed Owners. 66 82 Section 3.07 3.07. Temporary Certificates. 67 82 Section 3.08 3.08. Appointment of Paying Agent. 67 82 Section 3.09 3.09. Book-Entry Certificates.. 83

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: ; Review of Documentation for Trust Fund. . Section 2.03 Representations and Warranties of the Depositor. 57 44 Section 2.04 Representations and Warranties as to the Mortgage Loans. Section 2.05 Discovery of Breach. Section 2.05 Repurchase, Purchase ; Repurchase or Substitution of Mortgage Loans. 49 Section 2.06 Grant Clause. 61 52 Section 3.01 The Certificates. 62 Section 3.02 Registration. 62 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 57 Section 3.05 Replacement of Certificates. 66 58 Section 3.06 Persons Deemed Owners. 66 58 Section 3.07 Temporary Certificates. 67 58 Section 3.08 Appointment of Paying Agent. 67 59 Section 3.09 Book-Entry Certificates.

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 70 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 74 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 76 Section 2.04 2.04. Discovery of Breach. 78 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 79 Section 2.06 2.06. Grant Clause. 61 80 Section 3.01 3.01. The Certificates. 62 81 Section 3.02 3.02. Registration. 62 82 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 83 Section 3.04 3.04. Cancellation of Certificates. 66 89 Section 3.05 3.05. Replacement of Certificates. 66 89 Section 3.06 3.06. Persons Deemed Owners. 66 90 Section 3.07 3.07. Temporary Certificates. 67 90 Section 3.08 3.08. Appointment of Paying Agent. 67 90 Section 3.09 3.09. Book-Entry Certificates.. 91

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 63 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 67 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 69 Section 2.04 2.04. Discovery of Breach. 71 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 71 Section 2.06 2.06. Grant Clause. 61 73 Section 3.01 3.01. The Certificates. 62 74 Section 3.02 3.02. Registration. 62 75 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 76 Section 3.04 3.04. Cancellation of Certificates. 66 82 Section 3.05 3.05. Replacement of Certificates. 66 82 Section 3.06 3.06. Persons Deemed Owners. 66 83 Section 3.07 3.07. Temporary Certificates. 67 83 Section 3.08 3.08. Appointment of Paying Agent. 67 83 Section 3.09 3.09. Book-Entry Certificates.. 84 Section 4.01. Certificate Account. 86 Section 4.02. Application of Funds in the Certificate Account. 88 Section 4.03. Reports to Certificateholders. 90

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 50 Section 2.03 Representations and Warranties of the Depositor. 57 52 Section 2.04 Discovery of Breach. Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. Section 2.06 Grant Clause. 61 56 Section 3.01 The Certificates. 62 57 Section 3.02 Registration. 62 57 Section 3.03 Transfer and Exchange of Certificates. 63 58 Section 3.04 Cancellation of Certificates. 66 61 Section 3.05 Replacement of Certificates. 66 61 Section 3.06 Persons Deemed Owners. 66 62 Section 3.07 Temporary Certificates. 67 62 Section 3.08 Appointment of Paying Agent. 67 62 Section 3.09 Book-Entry Certificates.. 63

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 2.01. Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . 61 Section 2.02 2.02. Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. 65 Section 2.03 2.03. Representations and Warranties of the Depositor. 57 67 Section 2.04 2.04. Discovery of Breach. 69 Section 2.05 2.05. Repurchase, Purchase or Substitution of Mortgage Loans. 70 Section 2.06 2.06. Grant Clause. 61 71 Section 3.01 3.01. The Certificates. 62 72 Section 3.02 3.02. Registration. 62 73 Section 3.03 3.03. Transfer and Exchange of Certificates. 63 74 Section 3.04 3.04. Cancellation of Certificates. 66 80 Section 3.05 3.05. Replacement of Certificates. 66 80 Section 3.06 3.06. Persons Deemed Owners. 66 80 Section 3.07 3.07. Temporary Certificates. 67 81 Section 3.08 3.08. Appointment of Paying Agent. 67 81 Section 3.09 3.09. Book-Entry Certificates.. 82

DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES. Section 2.01 Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. . Section 2.02 Acceptance of Trust Fund by Trustee: Review of Documentation for Trust Fund. Section 2.03 Representations and Warranties of the Depositor. 57 Section 2.04 Discovery of Breach. 49 Section 2.05 Repurchase, Purchase or Substitution of Mortgage Loans. 49 Section 2.06 Grant Clause. 61 50 ARTICLE III THE CERTIFICATES Section 3.01 The Certificates. 62 52 Section 3.02 Registration. 62 Section 3.03 Transfer and Exchange of Certificates. 63 Section 3.04 Cancellation of Certificates. 66 58 Section 3.05 Replacement of Certificates. 66 Section 3.06 Persons Deemed Owners. 66 59 Section 3.07 Temporary Certificates. 67 Section 3.08 Appointment of Paying Agent. 67 60 Section 3.09 Book-Entry Certificates.. 60