Common use of Enforcement of Due Clause in Contracts

Enforcement of Due. on-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Trustee to Cooperate................................22 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . .....................................................................................81 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................82 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.....................................84 SECTION 3.14. [Reserved]............................................................................87 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................87 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................87 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................88 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ................................................................89 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ............................................................90 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ......................................90 SECTION 3.21. Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Documentation.......................................................91 SECTION 3.23. Advance Facility......................................................................91 PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . .....................................................................................83 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................84 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.....................................85 SECTION 3.14. [Reserved]............................................................................88 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................89 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................89 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................90 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ................................................................91 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ............................................................91 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ......................................92 SECTION 3.21. Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Documentation.......................................................92 SECTION 3.22. [Reserved]............................................................................92 SECTION 3.23. Advance Facility......................................................................93

Enforcement of Due. on-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Trustee to Cooperate................................22 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance........................................23 24 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 25 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ........................114 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer ........................................115 SECTION 3.13. Title, Management and Indenture Disposition of REO Property................................117 SECTION 3.14. [Reserved].......................................................................120 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties...................120 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans....................................121 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files..................................121 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ...........................................................122 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27.......................................................123

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ......................................69 SECTION 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ......................................................70 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files................................................73 SECTION 3.18. Servicing Compensation.........................................................................74 SECTION 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements..........................................75 SECTION 3.20. Statement as to Compliance........................................23 Section 3.11 Annual .....................................................................75 SECTION 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...............................................75 SECTION 3.22. Access to Certain Documentation Documentation; Filing of Reports by Trustee..................................76 SECTION 3.23. Title, Management and Information Regarding Disposition of REO Property..............................................76 SECTION 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Master Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Prepayment Interest Shortfalls.....................................................................................80 SECTION 3.25. [Reserved].....................................................................................80 SECTION 3.26. Obligations of the Internal Revenue Service Master Servicer in Respect of Mortgage Rates and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Monthly Payments...............................................................................80 SECTION 3.27. Solicitations..................................................................................80 SECTION 3.28. Net WAC Rate Carryover Reserve Account.........................................................81 SECTION 3.29. Advance Facility...............................................................................82

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ......................................48 SECTION 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ......................................................49 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files................................................51 SECTION 3.18. Servicing Compensation.........................................................................52 SECTION 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements..........................................52 SECTION 3.20. Statement as to Compliance........................................23 Section 3.11 Annual .....................................................................53 SECTION 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...............................................53 SECTION 3.22. Access to Certain Documentation Documentation................................................................53 SECTION 3.23. Title, Management and Information Regarding Disposition of REO Property..............................................54 SECTION 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Master Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Prepayment Interest Shortfalls...................................................................57 SECTION 3.26. Obligations of the Internal Revenue Service Master Servicer in Respect of Mortgage Rates and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Monthly Payments..................................................................57

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ...................68 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds....................................................................69 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.............................71 SECTION 3.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................................................................73 SECTION 3.15. Servicing Compensation; Payment of ......................................................73 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation.............................................73 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 ...........................................74 SECTION 3.18. Annual Independent Public Accountants' Servicing ReportStatement; Financial Statements..................................................................74 SECTION 3.19. Rights of the NIMs Insurer..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................2774 SECTION 3.20. Periodic Filings............................................................74

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . .....................................................................................82 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................83 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.....................................85 SECTION 3.14. [Reserved]............................................................................88 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................88 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................89 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................89 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ................................................................91 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ............................................................91 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ......................................92 SECTION 3.21. Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Documentation.......................................................92 SECTION 3.22. [Reserved]............................................................................92 SECTION 3.23. Advance Facility......................................................................93

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ................................77 SECTION 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ................................................78 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files..........................................80 SECTION 3.18. Servicing Compensation...................................................................81 SECTION 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements....................................82 SECTION 3.20. Statement as to Compliance........................................23 Section 3.11 Annual ...............................................................82 SECTION 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 .........................................82 SECTION 3.22. Access to Certain Documentation Documentation..........................................................83 SECTION 3.23. Title, Management and Information Regarding Disposition of REO Property........................................83 SECTION 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Prepayment Interest Shortfalls.................86 SECTION 3.25. Obligations of the Internal Revenue Service Servicer in Respect of Mortgage Rates and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Monthly Payments............87 SECTION 3.26. Net WAC Fund; Cap Agreement..............................................................87 SECTION 3.27. Reserved.................................................................................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 .........................87 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .........................................88 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.................................90 SECTION 3.14. [Reserved]........................................................................94 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties....................94 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.....................................94 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files...................................95 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ............................................................96 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ........................................................97 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27..................................97

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Subordinate Financing; Defeasance............................................................95 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 3.09 Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 ........................................98 Section 3.08 Issuer and Indenture 3.10 Trustee to Cooperate................................22 ; Release of Mortgage Files.................................101 Section 3.09 3.11 Servicing Compensation; Payment Nonrecoverable Servicing Advances.......................102 Section 3.12 Inspections; Collection of Certain Expenses by Master............23 Financial Statements.................................106 Section 3.10 3.13 Annual Statement as to Compliance........................................23 ...............................................107 Section 3.11 Annual Servicing Report..................................................24 3.14 Reports by Independent Public Accountants.......................................108 Section 3.12 3.15 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Information...................................................108 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Title to REO Property; REO Account..............................................109 Section 3.17 Management of REO Property; Independent Contractors.............................110 Section 3.18 Sale of Defaulted Mortgage Loans and REO Properties.............................113

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 ...........................52 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 ...........................................53 Section 3.08 Issuer and Indenture 3.13. Trustee to Cooperate................................22 ; Release of Mortgage Files.....................................55 Section 3.09 3.14. Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee..........................................................56 Section 3.15. Servicing Compensation; Payment of ..............................................................56 Section 3.16. Access to Certain Expenses by Master............23 Documentation.....................................................56 Section 3.10 3.17. Annual Statement as to Compliance........................................23 ...................................................57 Section 3.11 3.18. Annual Independent Public Accountants' Servicing Report..................................................24 Statement; Financial Statements................................................................57 Section 3.12 Access to Certain Documentation 3.19. Errors and Information Regarding the Home Equity Loans.............................................................24 Omissions Insurance; Fidelity Bonds......................................57 Section 3.13 Maintenance 3.20. Notification of Certain Servicing Insurance Policies......................25 Adjustments.........................................................58 Section 3.14 Information Required 3.21. Prepayment Charges..................................................................58 ARTICLE FOUR Distributions and Advances by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Master Servicer.....................................59

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ...................................................................71 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................72 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.....................................74 SECTION 3.14. [Reserved]............................................................................77 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties...................................................................77 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................77 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................78 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ................................................................80 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ............................................................80 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ......................................80 SECTION 3.21. Access to Certain Documentation and Information Regarding Documentation.......................................................81 SECTION 3.22. [Reserved]............................................................................81 SECTION 3.23. Advance Facility......................................................................81 SECTION 3.24. PMI Policy; Claims Under the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27PMI Policy...............................................83 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . .....................................................................................98 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................99 SECTION 3.13. Title, Management and Indenture Disposition of REO Property....................................101 SECTION 3.14. [Reserved]...........................................................................104 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. ....................................................................................104 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans........................................104 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files......................................105 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ...............................................................106 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ...........................................................107 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 .....................................107 SECTION 3.21. Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Documentation......................................................108 SECTION 3.22. [Reserved]...........................................................................108 SECTION 3.23. Advance Facility.....................................................................108 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ...................53 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds; Repurchase of Certain Mortgage Loans..............................54 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.............................56 SECTION 3.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................................................................57 SECTION 3.15. Servicing Compensation; Payment of ......................................................57 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation.............................................58 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 ...........................................58 SECTION 3.18. Annual Independent Public Accountants' Servicing ReportStatement; Financial Statements..................................................................58 SECTION 3.19. Rights of the NIMs Insurer..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................2759

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 .................................98 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .................................................99 SECTION 3.13. Title, Management and Indenture Disposition of REO Property........................................101 SECTION 3.14. [Reserved]...............................................................................104 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties...........................104 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans............................................104 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files..........................................105 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ...................................................................106 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ...............................................................107 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 .........................................107 SECTION 3.21. Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Documentation..........................................................108 SECTION 3.22. [Reserved]...............................................................................108 SECTION 3.23. Advance Facility.........................................................................108

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . .....................................................................................77 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer .............................................78 SECTION 3.13. Title, Management and Indenture Disposition of REO Property.....................................79 SECTION 3.14. [Reserved]............................................................................83 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties. .....................................................................................83 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans.........................................83 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................84 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual ................................................................85 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual ............................................................85 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ......................................86 SECTION 3.21. Access to Certain Documentation and Information Regarding Documentation.......................................................86 SECTION 3.22. [Reserved]............................................................................87 SECTION 3.23. Advance Facility......................................................................87 SECTION 3.24. PMI Policy; Claims Under the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27PMI Policy...............................................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ......................................82 SECTION 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ......................................................83 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files................................................85 SECTION 3.18. Servicing Compensation.........................................................................87 SECTION 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements..........................................87 SECTION 3.20. Statement as to Compliance........................................23 Section 3.11 Annual .....................................................................87 SECTION 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...............................................88 SECTION 3.22. Access to Certain Documentation Documentation; Filing of Reports by Trustee..................................88 SECTION 3.23. Title, Management and Information Regarding Disposition of REO Property..............................................90 SECTION 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Master Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Prepayment Interest Shortfalls ....................................................................................93 SECTION 3.25.

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust EstateSubordinate Financing; Related Documents..........................................18 Section 3.07 Defeasance .................................... 89 SECTION 3.09 Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Mortgage Loans ........................................ 92 SECTION 3.10 Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files .................................. 95 SECTION 3.11 Servicing Compensation; Payment Nonrecoverable Servicing Advances ......................................................................... 96 SECTION 3.12 Inspections; Collection of Certain Expenses by Master............23 Section 3.10 Financial Statements .................................. 100 SECTION 3.13 Annual Statement as to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Compliance ................................................ 101 SECTION 3.14 Reports by Independent Public Accountants ........................................ 102 SECTION 3.15 Access to Certain Documentation Information .................................................... 102 SECTION 3.16 Title to REO Property; REO Account ............................................... 103 SECTION 3.17 Management of REO Property; Independent Contractors .............................. 104 SECTION 3.18 Sale of Defaulted Mortgage Loans and Information Regarding REO Properties .............................. 107 SECTION 3.19 Additional Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Master Servicer and the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Special Servicer ................................................................. 113

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ...................................................................77 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds; Repurchase of Certain Mortgage Loans.................................78 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................81 SECTION 3.14. Documents, Records and Funds in Possession of Subservicer to be Held for the Trustee......................................................83 SECTION 3.15. Servicing Compensation; Payment of ................................................................83 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation.......................................................84 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 .....................................................84 SECTION 3.18. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Statement; Financial Statements..................................................................84 ARTICLE IV

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 .............................69 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 .............................................70 Section 3.08 Issuer and Indenture 3.17. Trustee to Cooperate................................22 ; Release of Mortgage Files.......................................72 Section 3.09 3.18. Servicing Compensation................................................................73 Section 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Collection Account Statements.................................74 Section 3.10 Annual 3.20. Statement as to Compliance........................................23 ............................................................74 Section 3.11 Annual 3.21. Independent Public Accountants' Servicing Report..................................................24 ......................................74 Section 3.12 3.22. Access to Certain Documentation Documentation; Filing of Reports by Trustee.........................75 Section 3.23. Title, Management and Information Regarding Disposition of REO Property.....................................76 Section 3.24. Obligations of the Home Equity Loans.............................................................24 Master Servicer in Respect of Prepayment Interest Shortfalls.....................................................79 Section 3.13 Maintenance 3.25. [Reserved]............................................................................79 Section 3.26. Obligations of Certain Servicing Insurance Policies......................25 the Master Servicer in Respect of Mortgage Rates and Monthly Payments..................................................................79 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 3.27. Solicitations.........................................................................79 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................273.28. Reserve Funds.........................................................................80

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 .....................................71 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture .....................................................72 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files...............................................74 3.18. Servicing Compensation........................................................................75 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements.........................................76 3.20. Statement as to Compliance........................................23 Section 3.11 Annual ....................................................................76 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ..............................................77 3.22. Access to Certain Documentation Documentation...............................................................77 3.23. Title, Management and Information Regarding Disposition of REO Property.............................................78 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Master Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Prepayment Interest Shortfalls...........................................................................81 3.25. Obligations of the Internal Revenue Service Master Servicer in Respect of Mortgage Rates and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Monthly Payments......................................................................................81

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 . ..............................................................77 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer ......................78 SECTION 3.13. Title, Management and Indenture Disposition of REO Property..............79 SECTION 3.14. [Reserved].....................................................83 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties.....................................................83 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans..................83 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files................84 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual .........................................85 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual .....................................85 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...............86 SECTION 3.21. Access to Certain Documentation and Information Regarding Documentation................................86 SECTION 3.22. [Reserved].....................................................87 SECTION 3.23. Advance Facility...............................................87 SECTION 3.24. PMI Policy; Claims Under the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27PMI Policy........................88 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ...................69 TABLE OF CONTENTS (continued) Page SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds....................................................................70 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.............................72 SECTION 3.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee.................................................................74 SECTION 3.15. Servicing Compensation; Payment of ......................................................74 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation.............................................74 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 ...........................................74 SECTION 3.18. Annual Independent Public Accountants' Servicing ReportStatement; Financial Statements..................................................................75 SECTION 3.19. Rights of the NIMs Insurer..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................2775 SECTION 3.20. Periodic Filings............................................................75 ARTICLE IV DISTRIBUTIONS; ADVANCES BY THE SERVICER..................................................76 SECTION 4.01. Advances....................................................................76

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ........................63 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds.........................................................................64 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files..................................66 SECTION 3.14. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee..........................................................................67 SECTION 3.15. Servicing Compensation; Payment of ...........................................................67 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation..................................................68 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 ................................................68 SECTION 3.18. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding Statement; Financial Statements.......................................................................68 SECTION 3.19. Rights of the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27NIMs Insurer.......................................................69 SECTION 3.20. Periodic Filings.................................................................69

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 .............................61 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 3.15. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 REO Property...............................61 Section 3.08 Issuer 3.16. Trustee and Indenture Trustee Custodian to Cooperate................................22 ; Release of Mortgage Files.........................63 Section 3.09 Servicing 3.17. Documents, Records and Funds in Possession of the Master Servicer to be Held for the Trustee...............................................................................64 Section 3.18. Securities Administrator Compensation; Payment of Certain Expenses by Master............23 , Master Servicer Compensation and Servicer Compensation..........................................................................64 Section 3.10 3.19. Advances..............................................................................65 Section 3.20. Annual Statement as of Compliance........................................................65 Section 3.21. Assessments of Compliance and Attestation Reports.....................................66 Section 3.22. Reports to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity LoansCommission.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................2768

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Subordinate Financing .................................. 83 3.09. Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Mortgage Loans .......................... 85 3.10. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files .................... 88 3.11. Servicing Compensation; Interest on Servicing Advances; Payment of Certain Expenses by Master............23 Section 3.10 Expenses; Obligations of the Trustee and the Fiscal Agent Regarding Back-up Servicing Advances ......... 89 3.12. Inspections; Collection of Financial Statements .................... 94 3.13. Annual Statement as to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Compliance .................................. 95 3.14. Reports by Independent Public Accountants .......................... 96 3.15. Access to Certain Documentation Information ...................................... 96 3.16. Title to REO Property; REO Account ................................. 97 3.17. Management of REO Property ......................................... 98 3.18. Sale of Mortgage Loans and Information Regarding REO Properties .......................... 101 3.19. Additional Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Master Servicer and the Internal Revenue Service Special Servicer ............................................... 104 3.20. Modifications, Waivers, Amendments and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Consents ....................

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Subordinate Financing................... 97 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 3.09. Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Mortgage Assets.......... 98 Section 3.08 Issuer and Indenture 3.10. Trustee to Cooperate................................22 ; Release of Mortgage Files............................................... 101 Section 3.09 3.11. Servicing Compensation.............................. 102 Section 3.12. Inspections; Payment Collection of Certain Expenses by Master............23 Financial Statements.......................................... 104 Section 3.10 3.13. Annual Statement as to Compliance........................................23 ................... 105 Section 3.11 Annual Servicing Report..................................................24 3.14. Reports by Independent Public Accountants........... 105 Section 3.12 3.15. Access to Certain Documentation Documentation..................... 106 Section 3.16. Title to REO Property; REO Account.................. 106 Section 3.17. Management of REO Property.......................... 107 Section 3.18. Sale of Mortgage Assets and Information Regarding Sale of REO Properties.......................................... 110 Section 3.19. Modifications, Waivers, Amendments and Consents............................................ 112 Section 3.20. Additional Obligations of the Home Equity Loans.............................................................24 Servicer.............. 117 Section 3.13 Maintenance of Certain 3.21. Sub-Servicing Insurance Policies......................25 Agreements............................ 118 Section 3.14 Information Required by the Internal Revenue Service 3.22. Successor to Servicing and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Special Servicing Functions........................................... 119 ARTICLE IV. PAYMENTS TO CERTIFICATEHOLDERS Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................274.01. Distributions....................................... 121

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ......................................78 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer ......................................................79 SECTION 3.13. Title, Management and Indenture Disposition of REO Property..............................................81 SECTION 3.14. [Reserved].....................................................................................84 SECTION 3.15. Reports of Foreclosure and Abandonment of Mortgaged Properties.................................84 SECTION 3.16. Optional Purchase of Defaulted Mortgage Loans..................................................84 SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files................................................85 SECTION 3.18. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual .........................................................................86 SECTION 3.19. Statement as to Compliance........................................23 Section 3.11 Annual .....................................................................87 SECTION 3.20. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...............................................87 SECTION 3.21. Access to Certain Documentation and Information Regarding Documentation................................................................88 SECTION 3.22. PMI Policy; Claims Under the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27PMI Policy........................................................89 SECTION 3.23. Advance Facility...............................................................................89 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. on-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien........................................................................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Trustee to Cooperate................................22 Section 3.09 Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance........................................23 24 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Loans ............................................................25 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property.............................................................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ..................................49 SECTION 3.13. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ..................................................50 SECTION 3.14. Trustee to Cooperate................................22 Section 3.09 ; Release of Trustee Mortgage Files....................................52 SECTION 3.15. Documents, Records and Funds in Possession of Servicer to be Held for the Trustee for the Benefit of the Certificateholders......................................................53 SECTION 3.16. Servicing Compensation; Payment of Certain Expenses by Master............23 Section 3.10 Compensating Interest..............................................53 SECTION 3.17. Reports to the Depositor; Account Statements...............................................54 SECTION 3.18. Annual Statement as to Compliance........................................23 Section 3.11 ..........................................................54 SECTION 3.19. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 Access ....................................54 SECTION 3.20. Reports to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Trustee.........................................................................55 ARTICLE IV ADMINISTRATION OF THE TRUST FUND

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 Agreements .........................................32 SECTION 3.10. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture .................... 32 SECTION 3.11. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.... 32 SECTION 3.12 Servicing CompensationCompensation and Trustee Fees............ 32 SECTION 3.13. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Collection Account Statements..........................................32 SECTION 3.14. Annual Statement as to Compliance........................................23 Section 3.11 .................. 32 SECTION 3.15. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 . ............................................32 SECTION 3.16. Access to Certain Documentation Documentation.................... 32 SECTION 3.17. Title and Management of REO Properties............. 32 SECTION 3.18. Sale of Specially Serviced Mortgage Loans and REO Properties........................................ .32 SECTION 3.19. Inspections. .......................................32 SECTION 3.20. Available Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Notices.................. 32 SECTION 3.21. Reserve Accounts................................... 32

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ............................................................................72 SECTION 3.12. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Determination of Excess Proceeds; Repurchase of Certain Mortgage Loans.................................74 SECTION 3.13. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files.......................................76 SECTION 3.14. Documents, Records and Funds in Possession of Subservicer to be Held for the Trustee..................................................................78 SECTION 3.15. Servicing Compensation; Payment of ................................................................78 SECTION 3.16. Access to Certain Expenses by Master............23 Section 3.10 Documentation.......................................................79 SECTION 3.17. Annual Statement as to Compliance........................................23 Section 3.11 .....................................................79 SECTION 3.18. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Statement; Financial Statements..................................................................80 ARTICLE IV

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust Estate; Related Documents..........................................18 Section 3.07 ....-68- SECTION 3.16. Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ....................-69- SECTION 3.17. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files..............-71- SECTION 3.18. Servicing Compensation.......................................-72- SECTION 3.19. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Annual Collection Account Statements........-72- SECTION 3.20. Statement as to Compliance........................................23 Section 3.11 Annual ...................................-72- SECTION 3.21. Independent Public Accountants' Servicing Report..................................................24 Section 3.12 .............-73- SECTION 3.22. Access to Certain Documentation Documentation..............................-73- SECTION 3.23. Title, Management and Information Regarding Disposition of REO Property............-74- SECTION 3.24. Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Master Servicer in Respect of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by Prepayment Interest Shortfalls...............................-77- SECTION 3.25. Obligations of the Internal Revenue Service and Reports Master Servicer in Respect of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Monthly Payments.............................................-77- SECTION 3.26. Advance Facility.............................................-77- ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification TABLE OF CONTENTS (continued) Page Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust EstateSubordinate Financing; Related Documents..........................................18 Section 3.07 Defeasance .......................................97 SECTION 3.09 Realization Upon Defaulted Home Equity Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture Mortgage Loans ..........................................101 SECTION 3.10 Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files ....................................104 SECTION 3.11 Servicing Compensation; Payment Nonrecoverable Servicing Advances ..........................105 SECTION 3.12 Inspections; Collection of Certain Expenses by Master............23 Section 3.10 Annual Statement as to Compliance........................................23 Section 3.11 Annual Servicing Report..................................................24 Section 3.12 Financial Statements ....................................109 SECTION 3.13 Reserved ...........................................................................110 SECTION 3.14 Reserved ...........................................................................110 SECTION 3.15 Access to Certain Documentation and Information Regarding the Home Equity Loans.............................................................24 Section 3.13 Maintenance ......................................................110 SECTION 3.16 Title to REO Property; REO Account .................................................111 SECTION 3.17 Management of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports REO Property; Independent Contractors ................................112 SECTION 3.18 Sale of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Defaulted Mortgage Loans ...................................................115

Enforcement of Due. onOn-Sale Clauses; Assumption and Modification Agreements; Release or Substitution of Lien..............................16 Section 3.06 Trust EstateDefeasance Provisions...................89 SECTION 3.10. Appraisals; Related Documents..........................................18 Section 3.07 Realization Upon Defaulted Home Equity Mortgage Loans; Loss Mitigation............19 Section 3.08 Issuer and Indenture ..............................................92 SECTION 3.11. Trustee to Cooperate................................22 Section 3.09 ; Release of Mortgage Files....................................................97 SECTION 3.12. Servicing Fees, Trustee Fees and Special Servicing Compensation....................................98 SECTION 3.13. Reports to the Trustee; Payment of Certain Expenses by Master............23 Section 3.10 Collection Account Statements.............................................100 SECTION 3.14. Annual Statement as to Compliance........................................23 Section 3.11 .................................................................104 SECTION 3.15. Annual Independent Public Accountants' Servicing Report..................................................24 Section 3.12 ...........................................104 SECTION 3.16. Access to Certain Documentation Documentation...................................................................105 SECTION 3.17. Title and Information Regarding Management of REO Properties and REO Account Properties.................................105 SECTION 3.18. Sale of Specially Serviced Mortgage Loans and REO Properties......................................110 SECTION 3.19. Additional Obligations of the Home Equity Loans.............................................................24 Section 3.13 Maintenance Servicer and the Special Servicer; Inspections......................112 SECTION 3.20. Authenticating Agent..............................................................................113 SECTION 3.21. Appointment of Certain Servicing Insurance Policies......................25 Section 3.14 Information Required by the Internal Revenue Service and Reports of Foreclosures and Abandonments of Mortgaged Property......................25 Section 3.15 Optional Repurchase or Transfer of Home Equity Loans.....................25 Section 3.16 Limited Home Equity Loan Repurchase Right................................27Custodians.........................................................................