Documents, Records and Funds in Possession of Master. Servicer to be Held for the Trustee. ----------------------------------- Notwithstanding any other provisions of this Agreement, the Master Servicer shall transmit to the Trustee as required by this Agreement all documents and instruments in respect of a Mortgage Loan coming into the possession of the Master Servicer from time to time and shall account fully to the Trustee for any funds received by the Master Servicer or which otherwise are collected by the Master Servicer as Liquidation Proceeds, Insurance Proceeds or Subsequent Recoveries in respect of any Mortgage Loan. All Mortgage Files and funds collected or held by, or under the control of, the Master Servicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds and any Subsequent Recoveries, including but not limited to, any funds on deposit in the Certificate Account, shall be held by the Master Servicer for and on behalf of the Trustee and shall be and remain the sole and exclusive property of the Trustee, subject to the applicable provisions of this Agreement. The Master Servicer also agrees that it shall not create, incur or subject any Mortgage File or any funds that are deposited in the Certificate Account, Distribution Account or any Escrow Account, or any funds that otherwise are or may become due or payable to the Trustee for the benefit of the Certificateholders, to any claim, lien, security interest, judgment, levy, writ of attachment or other encumbrance, or assert by legal action or otherwise any claim or right of setoff against any Mortgage File or any funds collected on, or in connection with, a Mortgage Loan, except, however, that the Master Servicer shall be entitled to set off against and deduct from any such funds any amounts that are properly due and payable to the Master Servicer under this Agreement.
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Issuing Entity and Indenture Trustee.
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Issuer and Indenture Trustee. Section 3.08. Standard Hazard Insurance and Flood Insurance Policies. Section 3.09. Presentment of Claims and Collection of Proceeds Section 3.10. Maintenance of the Primary Mortgage Insurance Policies. Section 3.11. Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents. Section 3.12. Realization Upon Defaulted Mortgage Loans Section 3.13. Compensation for the Master Servicer.
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Issuer and Indenture Trustee.......................................17 Section 3.09. Standard Hazard Insurance and Flood Insurance Policies.................18 Section 3.10. Presentment of Claims and Collection of Proceeds.......................18 Section 3.11. Maintenance of the Primary Mortgage Insurance Policies.................18 Section 3.12. Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents.......................................19 Section 3.13. Realization Upon Defaulted Mortgage Loans..............................19 Section 3.14. Compensation for the Master Servicer...................................20 Section 3.15. REO Property...........................................................20 Section 3.16. Annual Officer's Certificate as to Compliance..........................20 Section 3.17. Annual Independent Accountant's Servicing Report.......................21 Section 3.18. Reports Filed with Securities and Exchange Commission..................21 Section 3.19. Reserved...............................................................22 Section 3.20. UCC....................................................................22 Section 3.21. Optional Purchase of Mortgage Loans....................................22 Section 3.22. Monthly Advances.......................................................23 Section 3.23. Compensating Interest Payments.........................................23 ARTICLE IV Accounts....................................................................24 Section 4.01. Protected Accounts.....................................................24 Section 4.02. [Reserved].............................................................25 TABLE OF CONTENTS (continued) PAGE
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Issuing Entity and Indenture Trustee. 18 Section 3.08. Standard Hazard Insurance and Flood Insurance Policies. 19 Section 3.09. Presentment of Claims and Collection of Proceeds 19 Section 3.10. Maintenance of the Primary Mortgage Insurance Policies. 20 Section 3.11. Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents. 20 Section 3.12. Realization Upon Defaulted Mortgage Loans 20 Section 3.13. Compensation for the Master Servicer. 21 Section 3.14. REO Property. 21 Section 3.15. Annual Statement as to Compliance 23 Section 3.16. Assessments of Compliance and Attestation Reports 24 Section 3.17. Reports Filed with Securities and Exchange Commission. 25 Section 3.18. Intention of the Parties and Interpretation 31 Section 3.19. UCC 32 Section 3.20. Optional Purchase of Certain Mortgage Loans. 32 TABLE OF CONTENTS (continued) Page Section 3.21. Monthly Advances 33 Section 3.22. Compensating Interest Payments 33 Section 3.23. Information Reporting 33 Section 3.24. Foreclosure Rights 33 ARTICLE IV ACCOUNTS Section 4.01. Protected Accounts 35 Section 4.02. Master Servicer Collection Account 36 Section 4.03. Permitted Withdrawals and Transfers from the Master Servicer Collection Account 37 Section 4.04. Payment Account 38 Section 4.05. Permitted Withdrawals and Transfers from the Payment Account 39 ARTICLE V THE MASTER SERVICER Section 5.01. Liabilities of the Master Servicer 42 Section 5.02. Merger or Consolidation of the Master Servicer. 42 Section 5.03. Indemnification of the Indenture Trustee, Owner Trustee, the Master Servicer and the Securities Administrator 42 Section 5.04. Limitations on Liability of the Master Servicer and Others 43 Section 5.05. Master Servicer Not to Resign 44 Section 5.06. Successor Master Servicer 44 Section 5.07. Sale and Assignment of Master Servicing 44 ARTICLE VI
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Issuer and Indenture Trustee........................................... 18 Section 3.08. Standard Hazard Insurance and Flood Insurance Policies.......................................... 19 Section 3.09. Presentment of Claims and Collection of Proceeds..... 20 Section 3.10. Maintenance of the Primary Mortgage Insurance Policies.......................................... 20 Section 3.11. Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents.................. 21 Section 3.12. Realization Upon Defaulted Mortgage Loans............ 21 Section 3.13. Compensation for the Master Servicer................. 21 Section 3.14. REO Property......................................... 22 Section 3.15. Annual Officer's Certificate as to Compliance........ 22
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Trustee. 100 Section 9.14. Representations and Warranties of the Master Servicer. 101 Section 9.15. Closing Certificate and Opinion. 103
Documents, Records and Funds in Possession of Master. Servicer To Be Held for the Grantor Trustee7 Section 2.08 Standard Hazard Insurance and Flood Insurance Policies..........................................8 Section 2.09 Presentment of Claims and Collection of Proceeds................................................9 Section 2.10 Maintenance of the Primary Mortgage Insurance Policies..........................................9 Section 2.11 Grantor Trustee to Retain Possession of Certain Insurance Policies and Documents................9 Section 2.12 Realization Upon Defaulted Mortgage Loans......................................................10 Section 2.13 Compensation for the Master Servicer...........................................................10 Section 2.14
Documents, Records and Funds in Possession of Master. SERVICER ------------------------------------------------------------- TO BE HELD FOR TRUSTEE. -----------------------
Documents, Records and Funds in Possession of Master. Servicer To Be Held for Trustee. Fremont 2004-D Pooling & Servicing Agreement
