Common use of Duties of Trustee and Securities Administrator Clause in Contracts

Duties of Trustee and Securities Administrator. 127- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- Section 10.07 INSURANCE...................................................................................-132- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI

Duties of Trustee and Securities Administrator. 127- 125- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- ADMINISTRATOR ..................................................................................-127- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- ..............................................................................-128- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- ..........................-129- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- .........................-129- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- ..................-130- Section 10.07 INSURANCE...................................................................................-132- ..........................................................................-130- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- ....................-130- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- ......................................-131- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- .....................-132- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- ......................................-132- Section 10.12 TAX MATTERS.................................................................................-136- ........................................................................-133- ARTICLE XIXI TERMINATION Section 11.01 TERMINATION UPON LIQUIDATION OR REPURCHASE OF ALL MORTGAGE LOANS ..................................................................................-137- Section 11.02 FINAL DISTRIBUTION ON THE CERTIFICATES.............................................-137- Section 11.03 ADDITIONAL TERMINATION REQUIREMENTS................................................-139- ARTICLE XII

Duties of Trustee and Securities Administrator. 127- 129- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- -131- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- LOANS ...........................................................................................-132- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- -133- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- -133- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- -134- Section 10.07 INSURANCE...................................................................................-132- -134- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- -134- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- -135- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- -136- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- -136- Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI-137-

Duties of Trustee and Securities Administrator. 127- Section 10.02 114- SECTION 9.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- Section 10.03 ..............................-115- SECTION 9.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- Section 10.04 .......................................................................................-117- SECTION 9.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- Section 10.05 TRUSTEE'S -117- SECTION 9.05 FEES AND EXPENSES OF TRUSTEE AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- Section 10.06 ...................................-118- SECTION 9.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- Section 10.07 INSURANCE...................................................................................-132- Section 10.08 -118- SECTION 9.07 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- Section 10.09 -119- SECTION 9.08 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- Section 10.10 -120- SECTION 9.09 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- Section 10.11 -120- SECTION 9.10 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI-121- SECTION 9.11 APPOINTMENT OF OFFICE OR AGENCY.............................................................-122- SECTION 9.12

Duties of Trustee and Securities Administrator. 127- 101 Section 10.02 8.2 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- .............................102 Section 10.03 8.3 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- ..................104 Section 10.04 TRUSTEE 8.4 TRUSTEE, MASTER SERVICER AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- .................104 Section 10.05 TRUSTEE'S 8.5 FEES AND EXPENSES OF TRUSTEE AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- 104 Section 10.06 8.6 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- ..........................105 Section 10.07 INSURANCE...................................................................................-132- Section 10.08 8.7 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- ............................105 Section 10.09 8.8 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI..............................................106

Duties of Trustee and Securities Administrator. 127- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- Section 10.07 INSURANCE...................................................................................-132- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................133- SECTION 9.02. Certain Matters Affecting Trustee and Securities Administrator................................ -134- Section 10.11 APPOINTMENT OF COSECTION 9.03. Trustee and Securities Administrator not Liable for Certificates or Mortgage Loans...................... -136- SECTION 9.04. Trustee and Securities Administrator May Own Certificates.................................... -136- SECTION 9.05. Fees and Expenses of Trustee and Securities Administrator................................ -137- SECTION 9.06. Eligibility Requirements for Trustee and Securities Administrator................................ -137- SECTION 9.07. Resignation and Removal of Trustee and Securities Administrator................................ -138- SECTION 9.08. Successor Trustee or Securities Administrator........... -139- SECTION 9.09. Merger or Consolidation of Trustee or Securities Administrator................................ -139- SECTION 9.10. Appointment of Co-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- Section 10.12 TAX MATTERS.................................................................................-136- Trustee or Separate Trustee........... -140- SECTION 9.11. Appointment of Office or Agency......................... -141- SECTION 9.12. Representations and Warranties.......................... -141- ARTICLE XIX

Duties of Trustee and Securities Administrator. 127- 122- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- -124- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- LOANS ...........................................................................................-125- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- -126- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- -126- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- -127- Section 10.07 INSURANCE...................................................................................-132- -127- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- -127- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- -128- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- -129- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- -129- Section 10.12 TAX MATTERS.................................................................................-136- -131- ARTICLE XI

Duties of Trustee and Securities Administrator. 127- 136- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- ADMINISTRATOR ..................................................................................-138- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- ..............................................................................-139- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- ..........................-140- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- .........................-140- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- ..................-141- Section 10.07 INSURANCE...................................................................................-132- ..........................................................................-141- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- ....................-141- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- ......................................-142- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- .....................-143- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- ......................................-143- Section 10.12 TAX MATTERS.................................................................................-136- ........................................................................-144- ARTICLE XI

Duties of Trustee and Securities Administrator. 127- 126 Section 10.02 8.2 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- .............................127 Section 10.03 8.3 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- ..................129 Section 10.04 TRUSTEE 8.4 TRUSTEE, MASTER SERVICER AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- .................129 Section 10.05 TRUSTEE'S 8.5 FEES AND EXPENSES OF TRUSTEE AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- 129 Section 10.06 8.6 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- ..........................130 Section 10.07 INSURANCE...................................................................................-132- Section 10.08 8.7 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- ............................130 Section 10.09 8.8 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- ..............................................131 Section 10.10 8.9 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- .............................132 Section 10.11 8.10 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- ..............................................132 Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI8.11 APPOINTMENT OF OFFICE OR AGENCY............................................................133

Duties of Trustee and Securities Administrator. 127- 121 Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- 123 Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- LOANS ...........................................................................................124 Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- 125 Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- 125 Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- 126 Section 10.07 INSURANCE...................................................................................-132- 126 Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- 126 Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- 127 Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- 128 Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- 128 Section 10.12 TAX MATTERS.................................................................................-136- ARTICLE XI10.12

Duties of Trustee and Securities Administrator. 127- 123- Section 10.02 CERTAIN MATTERS AFFECTING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR......................-129- -125- Section 10.03 TRUSTEE AND SECURITIES ADMINISTRATOR NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS..........-130- LOANS ...........................................................................................-126- Section 10.04 TRUSTEE AND SECURITIES ADMINISTRATOR MAY OWN CERTIFICATES...................................-131- -127- Section 10.05 TRUSTEE'S AND SECURITIES ADMINISTRATOR'S FEES AND EXPENSES..................................-131- -127- Section 10.06 ELIGIBILITY REQUIREMENTS FOR TRUSTEE AND SECURITIES ADMINISTRATOR...........................-132- -128- Section 10.07 INSURANCE...................................................................................-132- -128- Section 10.08 RESIGNATION AND REMOVAL OF TRUSTEE AND SECURITIES ADMINISTRATOR.............................-132- -128- Section 10.09 SUCCESSOR TRUSTEE OR SECURITIES ADMINISTRATOR...............................................-133- -129- Section 10.10 MERGER OR CONSOLIDATION OF TRUSTEE OR SECURITIES ADMINISTRATOR..............................-134- -130- Section 10.11 APPOINTMENT OF CO-TRUSTEE OR SEPARATE TRUSTEE...............................................-134- -130- Section 10.12 TAX MATTERS.................................................................................-136- -131- ARTICLE XI