Common use of DISTRIBUTIONS AND ADVANCES BY THE SERVICER Clause in Contracts

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 SECTION 4.01. ADVANCES......................................................................................65 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 SECTION 4.04. REPORTING......................................................................................79 SECTION 5.01. THE CERTIFICATES..............................................................................79 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 63 SECTION 4.01. ADVANCES......................................................................................65 63 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 63 SECTION 4.02A. RECOVERIES...................................................................................75 71 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 72 SECTION 4.04. REPORTING......................................................................................79 74 SECTION 5.01. THE CERTIFICATES..............................................................................79 75 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 75 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 79 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 80 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 80 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8580

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 SECTION 4.01. ADVANCES......................................................................................65 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 SECTION 4.04. REPORTING......................................................................................79 SECTION 5.01. 95 Section 4.01 Advances.....................................................................................95 Section 4.02 Priorities of Distributions..................................................................97 Section 4.03 Monthly Statements to Certificateholders....................................................106 Section 4.04 Allocation of Losses........................................................................109 Section 4.05 Cap Accounts................................................................................109 Section 4.06 Distributions on Book-Entry Certificates....................................................110 Section 4.07 Distributions from the Final Maturity Reserve Fund..........................................110 Section 4.08 Final Maturity Trust........................................................................111 ARTICLE V THE CERTIFICATES..............................................................................79 SECTION 5.02. CERTIFICATE REGISTER......................................................................................111 Section 5.01 The Certificates............................................................................111 Section 5.02 Certificate Registrar; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 SECTION 5.03. MUTILATEDRegistration of Transfer and Exchange of Certificates................112 Section 5.03 Mutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSLost or Stolen Certificates...........................................117 Section 5.04 Persons Deemed Owners.......................................................................118 Section 5.05 Access to List of Certificateholders' NAMES AND ADDRESSES.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85Names and Addresses...................................118 Section 5.06 Maintenance of Office or Agency.............................................................118

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 64 SECTION 4.01. ADVANCES......................................................................................65 64 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 64 SECTION 4.02A. RECOVERIES...................................................................................75 ....................................................................................74 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 75 SECTION 4.04. REPORTING......................................................................................79 .....................................................................................77 SECTION 5.01. THE CERTIFICATES..............................................................................79 77 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 78 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 82 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 82 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 82 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8583 ARTICLE VI THE DEPOSITOR AND THE SERVICER........................................................................83 SECTION 6.01. RESPECTIVE LIABILITIES OF THE DEPOSITOR AND THE SERVICER......................................83 SECTION 6.02. MERGER OR CONSOLIDATION OF THE DEPOSITOR OR THE SERVICER......................................83 SECTION 6.03. LIMITATION ON LIABILITY OF THE DEPOSITOR, THE SELLERS, THE SERVICER AND OTHERS................83 SECTION 6.04. LIMITATION ON RESIGNATION OF SERVICER.........................................................84 SECTION 6.05. INDEMNIFICATION...............................................................................84 ARTICLE VII DEFAULT..............................................................................................84

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 60 SECTION 4.01. ADVANCES......................................................................................65 60 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 61 SECTION 4.02A. RECOVERIES...................................................................................75 68 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 69 SECTION 4.04. REPORTING......................................................................................79 71 ARTICLE V THE CERTIFICATES.......................................................................................71 SECTION 5.01. THE CERTIFICATES..............................................................................79 71 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 72 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 76 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 76 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 76 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8577

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 100 SECTION 4.01. ADVANCES......................................................................................65 Advances by the Servicer.............................................................100 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 Priorities of Distribution...........................................................100 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 [Reserved]...........................................................................106 SECTION 4.04. REPORTING......................................................................................79 [Reserved]...........................................................................106 SECTION 4.05. Allocation of Realized Losses........................................................106 SECTION 4.06. Monthly Statements to Certificateholders.............................................107 SECTION 4.07. Certificate Insurer; Policy Matters..................................................109 SECTION 4.08. Distributions on the Uncertificated REMIC 1 Regular Interests........................112 SECTION 4.09. Distributions on the Uncertificated REMIC 2 Regular Interests........................115 SECTION 4.10. Basis Risk Reserve Fund..............................................................117 SECTION 4.11. Prepayment Penalties.................................................................118 ARTICLE V THE CERTIFICATES.......................................................................................119 SECTION 5.01. THE CERTIFICATES..............................................................................79 The Certificates.....................................................................119 SECTION 5.02. CERTIFICATE REGISTERCertificate Register; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 Registration of Transfer and Exchange of Certificates.........................................................................120 SECTION 5.03. MUTILATEDMutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 Lost or Stolen Certificates....................................124 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 Persons Deemed Owners................................................................124 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSAccess to List of Certificateholders' NAMES AND ADDRESSES.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85Names and Addresses............................124

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 SECTION 4.01. ADVANCES69 Section 4.01 Advances........................................................................................69 Section 4.02 Priorities of Distribution......................................................................70 Section 4.03 Cross-Collateralization; Adjustments to Available Funds.........................................75 Section 4.04 [Reserved]......................................................................................65 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 SECTION 4.04. REPORTING......................................................................................79 SECTION 5.01. Section 4.05 Allocation of Realized Losses...................................................................76 Section 4.06 Monthly Statements to Certificateholders........................................................77 Section 4.07 Distributions from the Supplemental Interest Reserve Fund.......................................80 Section 4.08 Determination of Pass-Through Rates for LIBOR Certificates......................................80 ARTICLE FIVE THE CERTIFICATES..............................................................................79 SECTION 5.02. CERTIFICATE REGISTER..................................................................................................83 Section 5.01 The Certificates................................................................................83 Section 5.02 Certificate Register; REGISTRATION OF TRANSFER Registration of Transfer and Exchange of Certificates.....................83 Section 5.03 Mutilated, Destroyed, Lost or Stolen Certificates...............................................87 Section 5.04 Persons Deemed Owners...........................................................................87 Section 5.05 Access to List of Certificateholders' Names and Addresses.......................................88 Section 5.06 Maintenance of Office or Agency.................................................................88 ARTICLE SIX THE DEPOSITOR AND EXCHANGE OF CERTIFICATES...................80 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85THE SERVICER.....................................................................................89

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 62 SECTION 4.01. ADVANCES......................................................................................65 ...................................................62 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 ..................63 SECTION 4.02A. RECOVERIES...................................................................................75 .................................................71 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ...................72 SECTION 4.04. REPORTING......................................................................................79 ..................................................75 SECTION 5.01. THE CERTIFICATES..............................................................................79 ...........................................75 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 .................................75 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ..........80 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ......................................80 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ................................................80 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85............................80

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 64 SECTION 4.01. ADVANCES......................................................................................65 .......................................................................... 64 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 ......................................... 64 SECTION 4.02A. RECOVERIES...................................................................................75 ....................................................................... 71 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 .......................................... 72 SECTION 4.04. REPORTING......................................................................................79 ......................................................................... 75 SECTION 5.01. THE CERTIFICATES..............................................................................79 .................................................................. 75 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ....... 76 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ................................. 80 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ............................................................. 80 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ......................... 80 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85................................................... 80

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 55 SECTION 4.01. ADVANCES......................................................................................65 ......................................................55 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 .....................56 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ......................60 SECTION 4.04. REPORTING......................................................................................79 ......................................................63 SECTION 5.01. THE CERTIFICATES..............................................................................79 ..............................................63 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 .................................64 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 .............68 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 .........................................68 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ............................................68 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85...............................68

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 64 SECTION 4.01. ADVANCES......................................................................................65 64 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 74 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 75 SECTION 4.04. REPORTING......................................................................................79 78 SECTION 5.01. THE CERTIFICATES..............................................................................79 78 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 79 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 83 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 83 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 83 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8583

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 SECTION 4.01. ADVANCES......................................................................................65 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 SECTION 4.04. REPORTING......................................................................................79 SECTION 5.01. 98 Section 4.01 Advances...................................................98 Section 4.02 Reduction of Servicing Compensation in Connection with Prepayment Interest Shortfalls.........100 Section 4.03 [Reserved]................................................100 Section 4.04 Distributions.............................................100 Section 4.05 Monthly Statements to Certificateholders..................107 Section 4.06 [Reserved]................................................110 Section 4.07 [Reserved]................................................110 Section 4.08 Carryover Reserve Fund....................................110 Section 4.09 Distributions on the REMIC I Regular Interests............110 Section 4.10 [Reserved]................................................113 Section 4.11 Allocation of Realized Losses on the REMIC I Regular Interests.................................113 Section 4.12 The Class P Certificates..................................114 ARTICLE V THE CERTIFICATES..............................................................................79 SECTION 5.02. CERTIFICATE REGISTER.............................................................115 Section 5.01 The Certificates..........................................115 Section 5.02 Certificate Register; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 SECTION 5.03. MUTILATEDRegistration of Transfer and Exchange of Certificates.....................116 Section 5.03 Mutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSLost or Stolen Certificates..............................................119 Section 5.04 Persons Deemed Owners.....................................120 Section 5.05 Access to List of Certificateholders' NAMES AND ADDRESSESNames and Addresses.......................................120 Section 5.06 Book-Entry Certificates...................................120 Section 5.07 Notices to Depository.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85121 Section 5.08 Definitive Certificates...................................121 Section 5.09 Maintenance of Office or Agency...........................122

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 56 SECTION 4.01. ADVANCES......................................................................................65 .................................................56 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 ................56 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 .................64 SECTION 4.04. REPORTING......................................................................................79 .................................................67 SECTION 5.01. THE CERTIFICATES..............................................................................79 .........................................67 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ........................................68 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ........................................................71 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ....................................72 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 .......................................................72 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85..........................72

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 56 SECTION 4.01. ADVANCES......................................................................................65 56 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 DISTRIBUTION....................................................................56 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 59 SECTION 4.04. REPORTING......................................................................................79 61 SECTION 5.01. THE CERTIFICATES..............................................................................79 61 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 62 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 66 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 66 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 66 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8566

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 63 SECTION 4.01. ADVANCES......................................................................................65 63 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 63 SECTION 4.02A. RECOVERIES...................................................................................75 ....................................................................................71 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 72 SECTION 4.04. REPORTING......................................................................................79 .....................................................................................74 SECTION 5.01. THE CERTIFICATES..............................................................................79 74 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 75 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 79 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 79 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 79 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8580

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 79 SECTION 4.01. ADVANCES......................................................................................65 Advances by the Servicer..............................................................79 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 Priorities of Distribution............................................................79 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 [Reserved]............................................................................83 SECTION 4.04. REPORTING......................................................................................79 [Reserved]............................................................................83 SECTION 4.05. Allocation of Realized Losses.........................................................84 SECTION 4.06. Monthly Statements to Certificateholders..............................................85 SECTION 4.07. Certificate Insurer; Policy Matters...................................................87 SECTION 4.08. Distributions on the Uncertificated REMIC 1 Regular Interests .....................................................................................91 SECTION 4.09. Distributions on the Uncertificated REMIC 2 Regular Interests .....................................................................................92 ARTICLE V THE CERTIFICATES........................................................................................94 SECTION 5.01. THE CERTIFICATES..............................................................................79 The Certificates......................................................................94 SECTION 5.02. CERTIFICATE REGISTERCertificate Register; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 Registration of Transfer and Exchange of Certificates...................................................................................95 SECTION 5.03. MUTILATEDMutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 Lost or Stolen Certificates.....................................99 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 Persons Deemed Owners.................................................................99 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSAccess to List of Certificateholders' NAMES AND ADDRESSES.....................................84 Names and Addresses............................100 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85Maintenance of Office or Agency......................................................100 ARTICLE VI THE DEPOSITOR, THE SELLER AND THE SERVICER.............................................................101

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 SECTION 4.01. ADVANCES......................................................................................65 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 SECTION 4.04. REPORTING......................................................................................79 SECTION 5.01. 119 Section 4.01 Advances.......................................................................... 119 Section 4.02 Priorities of Distribution........................................................ 120 Section 4.03 Monthly Statements to Certificateholders.......................................... 129 Section 4.04 Certain Matters Relating to the Determination of LIBOR............................ 133 Section 4.05 [Reserved]........................................................................ 134 Section 4.06 [Reserved]........................................................................ 134 Section 4.07 Allocation of Applied Realized Loss Amounts....................................... 134 ARTICLE V THE CERTIFICATES..............................................................................79 SECTION 5.02. CERTIFICATE REGISTER......................................................................... 134 Section 5.01 The Certificates.................................................................. 134 Section 5.02 Certificate Register; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 SECTION 5.03. MUTILATEDRegistration of Transfer and Exchange of Certificates....... 135 Section 5.03 Mutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSLost or Stolen Certificates................................. 140 Section 5.04 Persons Deemed Owners............................................................. 140 Section 5.05 Access to List of Certificateholders' NAMES AND ADDRESSES.....................................84 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85Names and Addresses......................... 141 Section 5.06 Maintenance of Office or Agency................................................... 141

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 79 SECTION 4.01. ADVANCES......................................................................................65 79 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 79 SECTION 4.02A. RECOVERIES...................................................................................75 102 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 .....................................................104 SECTION 4.04. REPORTING......................................................................................79 ....................................................................................107 SECTION 5.01. THE CERTIFICATES..............................................................................79 .............................................................................107 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ..................108 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ............................................112 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ........................................................................112 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ....................................112 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85..............................................................112

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 70 SECTION 4.01. ADVANCES......................................................................................65 .................................................70 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 ................70 SECTION 4.02A. RECOVERIES...................................................................................75 ..............................................78 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 .................79 SECTION 4.04. REPORTING......................................................................................79 .................................................81 SECTION 5.01. THE CERTIFICATES..............................................................................79 .........................................82 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ................... 82 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ........86 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ....................................86 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 .......................................................87 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85..........................87

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 53 SECTION 4.01. ADVANCES......................................................................................65 ...................................................................53 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 ..................................53 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ...................................58 SECTION 4.04. REPORTING......................................................................................79 ..................................................................61 SECTION 5.01. THE CERTIFICATES..............................................................................79 ...........................................................61 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 CERTIFICATES ..............................................................62 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ..........................66 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ......................................................66 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ..................66 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85............................................66

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 73 SECTION 4.01. ADVANCES......................................................................................65 73 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 74 SECTION 4.02A. RECOVERIES...................................................................................75 ....................................................................................83 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 83 SECTION 4.04. REPORTING......................................................................................79 .....................................................................................86 SECTION 5.01. THE CERTIFICATES..............................................................................79 86 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 87 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 91 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 91 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 91 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8592

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 53 SECTION 4.01. ADVANCES......................................................................................65 ..............................................................................53 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 DISTRIBUTION............................................................54 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ..............................................57 SECTION 4.04. REPORTING......................................................................................79 ..............................................................................59 SECTION 5.01. THE CERTIFICATES..............................................................................79 ......................................................................59 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ...........60 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 .....................................64 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 .................................................................64 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 .............................64 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85.......................................................64

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 62 SECTION 4.01. ADVANCES......................................................................................65 62 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 62 SECTION 4.02A. RECOVERIES...................................................................................75 70 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 71 SECTION 4.04. REPORTING......................................................................................79 74 SECTION 5.01. THE CERTIFICATES..............................................................................79 74 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 74 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 78 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 79 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 79 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8579

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 78 SECTION 4.01. ADVANCES......................................................................................65 Advances by the Servicer..............................................................78 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 Priorities of Distribution............................................................78 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 [Reserved]............................................................................83 SECTION 4.04. REPORTING[Reserved]............................................................................83 SECTION 4.05. Allocation of Realized Losses.........................................................83 SECTION 4.06. Monthly Statements to Certificateholders..............................................84 SECTION 4.07. Certificate Insurer; Policy Matters...................................................86 SECTION 4.08. Distributions on the Uncertificated REMIC 1 Regular Interests.........................90 SECTION 4.09. Distributions on the Uncertificated REMIC 2 Regular Interests.........................91 SECTION 4.10. ......................................................................................79 92 ARTICLE V THE CERTIFICATES.....................................................................................94 SECTION 5.01. THE CERTIFICATES..............................................................................79 The Certificates......................................................................94 SECTION 5.02. CERTIFICATE REGISTERCertificate Register; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 Registration of Transfer and Exchange of Certificates...........95 SECTION 5.03. MUTILATEDMutilated, DESTROYEDDestroyed, LOST OR STOLEN CERTIFICATES.............................................84 Lost or Stolen Certificates.....................................99 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 Persons Deemed Owners.................................................................99 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERSAccess to List of Certificateholders' NAMES AND ADDRESSES.....................................84 Names and Addresses............................100 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85Maintenance of Office or Agency......................................................100 ARTICLE VI THE DEPOSITOR, THE SELLER AND THE SERVICER..........................................................101

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 61 SECTION 4.01. ADVANCES......................................................................................65 61 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 61 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 70 SECTION 4.04. REPORTING......................................................................................79 72 SECTION 5.01. THE CERTIFICATES..............................................................................79 72 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 73 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 77 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 77 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 77 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8578

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 61 SECTION 4.01. ADVANCES......................................................................................65 61 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 61 SECTION 4.02A. RECOVERIES...................................................................................75 69 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 70 SECTION 4.04. REPORTING......................................................................................79 73 SECTION 5.01. THE CERTIFICATES..............................................................................79 73 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 74 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 78 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 78 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 78 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8578

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 55 SECTION 4.01. ADVANCES......................................................................................65 ..................................................55 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 .................55 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ..................62 SECTION 4.04. REPORTING......................................................................................79 ..................................................64 SECTION 5.01. THE CERTIFICATES..............................................................................79 ..........................................65 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 .........................................65 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 .........69 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 .....................................69 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ........................................................70 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85...........................70

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 52 SECTION 4.01. ADVANCES......................................................................................65 .................................................................52 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 ................................52 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 .................................56 SECTION 4.04. REPORTING......................................................................................79 .................................................................58 SECTION 5.01. THE CERTIFICATES..............................................................................79 .........................................................58 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 .....................................................................59 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ........................63 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ....................................................63 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 ................63 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85..........................................63

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 67 SECTION 4.01. ADVANCES......................................................................................65 ...................................................67 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 SECTION 4.02A. RECOVERIES...................................................................................75 ..................67 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 ...................75 SECTION 4.04. REPORTING......................................................................................79 ...................................................78 SECTION 5.01. THE CERTIFICATES..............................................................................79 ...........................................78 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 ..........................................78 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 ..........82 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 ......................................83 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 .............................................................83 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................85............................83

DISTRIBUTIONS AND ADVANCES BY THE SERVICER. 65 63 SECTION 4.01. ADVANCES......................................................................................65 63 SECTION 4.02. PRIORITIES OF DISTRIBUTION AND ALLOCATION.....................................................65 63 SECTION 4.02A. RECOVERIES...................................................................................75 ....................................................................................71 SECTION 4.03. MONTHLY STATEMENTS TO CERTIFICATEHOLDERS......................................................76 72 SECTION 4.04. REPORTING......................................................................................79 .....................................................................................74 SECTION 5.01. THE CERTIFICATES..............................................................................79 75 SECTION 5.02. CERTIFICATE REGISTER; REGISTRATION OF TRANSFER AND EXCHANGE OF CERTIFICATES...................80 75 SECTION 5.03. MUTILATED, DESTROYED, LOST OR STOLEN CERTIFICATES.............................................84 79 SECTION 5.04. PERSONS DEEMED OWNERS.........................................................................84 80 SECTION 5.05. ACCESS TO LIST OF CERTIFICATEHOLDERS' NAMES AND ADDRESSES.....................................84 80 SECTION 5.06. MAINTENANCE OF OFFICE OR AGENCY...............................................................8580