Common use of Documents, Records and Funds Clause in Contracts

Documents, Records and Funds. in Possession of Master Servicer To Be Held for Trustee..............................-59- SECTION 3.09. Standard Hazard Insurance and Flood Insurance Policies.......-60- SECTION 3.10. Presentment of Claims and Collection of Proceeds.............-60- SECTION 3.11. Maintenance of the Primary Mortgage Insurance Policies.......-61- SECTION 3.12. Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- SECTION 3.13. Realization Upon Defaulted Mortgage Loans....................-61- SECTION 3.14. Compensation for the Master Servicer.........................-62- SECTION 3.15. REO Property.................................................-62- SECTION 3.16. Annual Officer's Certificate as to Compliance................-63- SECTION 3.17. Annual Independent Accountant's Servicing Report.............-63- SECTION 3.18. Reports Filed with Securities and Exchange Commission........-64- SECTION 3.19. UCC..........................................................-64- SECTION 3.20. Obligation of the Master Servicer in respect of Prepayment Interest Shortfalls..........................................-65- SECTION 3.21. MGIC PMI Policy; Claims Under the MGIC PMI Policy............-65- SECTION 3.22. Protected Accounts...........................................-65- SECTION 3.23. Master Servicer Collection Account...........................-66- SECTION 3.24. Permitted Withdrawals and Transfers from the Master Servicer Collection Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from the Distribution Account......................................................-68- SECTION 3.27

Documents, Records and Funds. in Possession of Master Servicer To Be Held for Trustee..............................-59- .....100 SECTION 3.094.08. Standard Hazard Insurance and Flood Insurance Policies.......-60- ...................................100 SECTION 3.104.09. Presentment of Claims and Collection of Proceeds.............-60- .........................................100 SECTION 3.114.10. Maintenance of the Primary Mortgage Insurance Policies.......-61- .......................................101 SECTION 3.124.11. Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- .................101 SECTION 3.134.12. Realization Upon Defaulted Mortgage Loans....................-61- ................................................101 SECTION 3.144.13. Compensation for the Master Servicer.........................-62- .....................................................102 SECTION 3.154.14. REO Property.................................................-62- .............................................................................102 SECTION 3.164.15. Annual Officer's Certificate as to Compliance................-63- ............................................102 SECTION 3.174.16. Annual Independent Accountant's Servicing Report.............-63- .........................................103 SECTION 3.184.17. UCC......................................................................................103 SECTION 4.18. Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls...........104 ARTICLE V PAYMENTS TO CERTIFICATEHOLDERS............................................................................105 SECTION 5.01. Distributions............................................................................105 SECTION 5.02. Statements to Certificateholders.........................................................117 SECTION 5.03. Servicer Reports; P&I Advances...........................................................120 SECTION 5.04. Allocation of Realized Losses............................................................122 SECTION 5.05. Compliance with Withholding Requirements.................................................125 SECTION 5.06. Reports Filed with Securities and Exchange Commission........-64- ....................................125 ARTICLE VI THE CERTIFICATES.........................................................................................127 SECTION 3.196.01. UCC..........................................................-64- The Certificates.........................................................................127 SECTION 3.206.02. Obligation Registration of the Master Servicer in respect Transfer and Exchange of Prepayment Interest Shortfalls..........................................-65- Certificates....................................129 SECTION 3.216.03. MGIC PMI Policy; Claims Under the MGIC PMI Policy............-65- Mutilated, Destroyed, Lost or Stolen Certificates........................................134 SECTION 3.226.04. Protected Accounts...........................................-65- Persons Deemed Owners....................................................................135 SECTION 3.236.05. Master Servicer Collection Account...........................-66- SECTION 3.24. Permitted Withdrawals and Transfers from the Master Servicer Collection Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from the Distribution Account......................................................-68- SECTION 3.27Certain Available Information............................................................135

Documents, Records and Funds. in Possession of Master Servicer To Be Held for Trustee..............................-59- ....................................................................................................-96- SECTION 3.094.09. Standard Hazard Insurance and Flood Insurance Policies.......-60- .......................................-97- SECTION 3.104.10. Presentment of Claims and Collection of Proceeds.............-60- .............................................-97- SECTION 3.114.11. Maintenance of the Primary Mortgage Insurance Policies.......-61- .......................................-97- SECTION 3.124.12. Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- Documents ................................................................................................................-98- SECTION 3.134.13. Realization Upon Defaulted Mortgage Loans....................-61- ....................................................-98- SECTION 3.144.14. Compensation for the Master Servicer.........................-62- .........................................................-98- SECTION 3.154.15. REO Property.................................................-62- .................................................................................-98- SECTION 3.164.16. Annual Officer's Certificate as to Compliance................-63- ................................................-99- SECTION 3.174.17. Annual Independent Accountant's Servicing Report.............-63- ............................................-100- SECTION 3.184.18. UCC.........................................................................................-100- SECTION 4.19. Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls ...............................................................................................................-100- SECTION 4.20. Collection Account..........................................................................-100- SECTION 4.21. Prepayment Penalty Verification.............................................................-101- ARTICLE V PAYMENTS TO CERTIFICATEHOLDERS SECTION 5.01. Distributions...............................................................................-102- SECTION 5.02. Statements to Certificateholders............................................................-115- SECTION 5.04. Allocation of Realized Losses...............................................................-120- SECTION 5.05. Compliance with Withholding Requirements....................................................-122- SECTION 5.06. Reports Filed with Securities and Exchange Commission........-64- .......................................-123- ARTICLE VI THE CERTIFICATES SECTION 3.196.01. UCC..........................................................-64- The Certificates............................................................................-124- SECTION 3.206.02. Obligation Registration of Transfer and Exchange of Certificates.......................................-126- SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates...........................................-130- SECTION 6.04. Persons Deemed Owners.......................................................................-131- SECTION 6.05. Certain Available Information...............................................................-131- ARTICLE VII THE DEPOSITOR, THE SERVICER AND THE MASTER SERVICER SECTION 7.01. Liability of the Master Depositor, the Servicer in respect of Prepayment Interest Shortfalls..........................................-65- SECTION 3.21. MGIC PMI Policy; Claims Under the MGIC PMI Policy............-65- SECTION 3.22. Protected Accounts...........................................-65- SECTION 3.23. Master Servicer Collection Account...........................-66- SECTION 3.24. Permitted Withdrawals and Transfers from the Master Servicer............................-132- SECTION 7.02. Merger or Consolidation of the Depositor, the Servicer Collection Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from or the Distribution Account......................................................-68- SECTION 3.27Master Servicer...............-132-

Documents, Records and Funds. in Possession of Master Servicer To Be Held for Issuer and Indenture Trustee..............................-59- SECTION ......................................17 Section 3.09. Standard Hazard Insurance and Flood Insurance Policies.......-60- SECTION ...............................................18 Section 3.10. Presentment of Claims and Collection of Proceeds.............-60- SECTION .......18 Section 3.11. Maintenance of the Primary Mortgage Insurance Policies.......-61- SECTION ...............................................18 Section 3.12. Indenture Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- SECTION .......................19 Section 3.13. Realization Upon Defaulted Mortgage Loans....................-61- SECTION ..............19 Section 3.14. Compensation for the Master Servicer.........................-62- SECTION ...................20 Section 3.15. REO Property.................................................-62- SECTION ...........................................20 Section 3.16. Annual Officer's Certificate as to Compliance................-63- SECTION ..........20 Section 3.17. Annual Independent Accountant's Servicing Report.............-63- SECTION .......21 Section 3.18. Reports Filed with Securities and Exchange Commission........-64- SECTION .............................................21 Section 3.19. UCC..........................................................-64- SECTION The Company............................................22 Section 3.20. Obligation of the Master Servicer in respect of Prepayment Interest Shortfalls..........................................-65- SECTION UCC....................................................22 Section 3.21. MGIC PMI Policy; Claims Under the MGIC PMI Policy............-65- SECTION Optional Purchase of Defaulted 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...........................................-65- SECTION 3.23.....................................24 Section 4.02. Master Servicer Collection [Reserved].............................................25 Section 4.03. [Reserved].............................................26 Section 4.04. Payment Account...........................-66- SECTION 3.24........................................27 Section 4.05. Permitted Withdrawals and Transfers from the Master Servicer Collection Payment Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from the Distribution Account......................................................-68- SECTION 3.27........................................27

Documents, Records and Funds. in Possession of Master Servicer To Be Held for Trustee..............................-59- ....................................................................................................-96- SECTION 3.094.09. Standard Hazard Insurance and Flood Insurance Policies.......-60- .......................................-97- SECTION 3.104.10. Presentment of Claims and Collection of Proceeds.............-60- .............................................-97- SECTION 3.114.11. Maintenance of the Primary Mortgage Insurance Policies.......-61- .......................................-97- SECTION 3.124.12. Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- Documents ................................................................................................................-98- SECTION 3.134.13. Realization Upon Defaulted Mortgage Loans....................-61- ....................................................-98- SECTION 3.144.14. Compensation for the Master Servicer.........................-62- .........................................................-98- SECTION 3.154.15. REO Property.................................................-62- .................................................................................-99- SECTION 3.164.16. Annual Officer's Certificate as to Compliance................-63- ................................................-99- SECTION 3.174.17. Annual Independent Accountant's Servicing Report.............-63- ............................................-100- SECTION 3.184.18. UCC.........................................................................................-100- SECTION 4.19. Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls ...............................................................................................................-100- SECTION 4.20. Collection Account..........................................................................-101- SECTION 4.21. Prepayment Penalty Verification.............................................................-101- ARTICLE V PAYMENTS TO CERTIFICATEHOLDERS SECTION 5.01. Distributions...............................................................................-103- SECTION 5.02. Statements to Certificateholders............................................................-116- SECTION 5.03. Servicer Reports; P&I Advances..............................................................-119- SECTION 5.04. Allocation of Realized Losses...............................................................-121- SECTION 5.05. Compliance with Withholding Requirements....................................................-123- SECTION 5.06. Reports Filed with Securities and Exchange Commission........-64- .......................................-123- ARTICLE VI THE CERTIFICATES SECTION 3.196.01. UCC..........................................................-64- The Certificates............................................................................-125- SECTION 3.206.02. Obligation Registration of Transfer and Exchange of Certificates.......................................-127- SECTION 6.03. Mutilated, Destroyed, Lost or Stolen Certificates...........................................-132- SECTION 6.04. Persons Deemed Owners.......................................................................-132- SECTION 6.05. Certain Available Information...............................................................-132- ARTICLE VII THE DEPOSITOR, THE SERVICERS AND THE MASTER SERVICER SECTION 7.01. Liability of the Master Servicer in respect of Prepayment Interest Shortfalls..........................................-65- SECTION 3.21. MGIC PMI Policy; Claims Under Depositor, the MGIC PMI Policy............-65- SECTION 3.22. Protected Accounts...........................................-65- SECTION 3.23. Master Servicer Collection Account...........................-66- SECTION 3.24. Permitted Withdrawals Servicers and Transfers from the Master Servicer...........................-134- SECTION 7.02. Merger or Consolidation of the Depositor, the related Servicer Collection Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from or the Distribution Account......................................................-68- SECTION 3.27Master Servicer....................................................................................-134- -x-