Common use of Establishment of and Deposits in Certificate Accounts Clause in Contracts

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account which is an Eligible Account, in the form of a segregated trust account titled "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-1, Certificate Account in trust for the Trustee as trustee for the benefit of the Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments); (2) All Net Liquidation Proceeds; (3) All amounts required to be deposited by the Contract Seller pursuant to Sections 3.05(a) and (b); (4) All Monthly Advances pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.03; and (6) All amounts required to be withdrawn from an REO Account and deposited in the Certificate Account in accordance with Section 4.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a (i) the Group I Certificate Account Account, which is an Eligible Account, in the form of a segregated trust account titled "BankAmerica GreenPoint Manufactured Housing Contract Trust IITrust, Senior/Subordinate Pass-Through Certificates, Series 19971998-1, Group I Certificate Account in trust for the Trustee as trustee for the benefit of the Class I A Certificateholders" and (ii) the Group II Certificate Account, which is an Eligible Account, in the form of a segregated trust account titled "GreenPoint Manufactured Housing Contract Trust, Pass-Through Certificates, Series 1998-1, Group II Certificate Account in trust for the Trustee as trustee for the benefit of the Class II A Certificateholders." As of the Closing Date, the each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate AccountAccounts, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account Accounts from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the applicable Certificate Account. The Servicer shall deposit in the Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Group I Contracts (including Excess Contract Payments)Payments relating to the Group I Contracts) into the Group I Certificate Account and all amounts received from Obligors with respect to principal of and interest on the Group II Contracts (including Excess Contract Payments relating to the Group II Contracts) into the Group II Certificate Account; (2) All Net Liquidation ProceedsProceeds relating to the Group I Contracts into the Group I Certificate Account and all Net Liquidation Proceeds relating to the Group II Contracts into the Group II Certificate Account; (3) All amounts required to be deposited by the Contract Seller pursuant to Sections 3.05(a) and (b)) relating to the Group I Contracts into the Group I Certificate Account and all amounts required to be deposited by the Contract Seller pursuant to Sections 3.05(a) and (b) relating to the Group II Contracts into the Group II Certificate Account and; (4) All Monthly Advances pursuant to Section 5.015.01 relating to the Group I Contracts into the Group I Certificate Account and all Monthly Advances pursuant to Section 5.01 relating to the Group II Contracts into the Group II Certificate Account; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.03; and7.03 into the applicable Certificate Account; (6) All amounts required to be withdrawn from an REO Account and deposited in the Group I Certificate Account in accordance with Section 4.174.17 ) relating to the Group I Contracts into the Group I Certificate Account and all amounts required to be withdrawn from an REO Account and deposited in the Group II Certificate Account in accordance with Section 4.17 ) relating to the Group I Contracts into the Group II Certificate Account; (7) All Deficiency Amounts relating to the Group I Contracts into the Group I Certificate Account and all Deficiency Amounts relating to the Group II Contracts into the Group II Certificate Account; and (8) All amounts received from the Holders of the Class R Certificates pursuant to Section 11.12(i) hereof into the Group II Certificate Account. The Trustee shall cause the Insurer to deposit in the applicable Certificate Account all Enhancement Payments pursuant to Section 5.08.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account which is an Eligible Account, in the form of a segregated trust account titled "BankAmerica Manufactured Housing Contract Trust IIV, Senior/Subordinate Pass-Through Certificates, Series 19971998-12, Certificate Account in trust for the Trustee as trustee for the benefit of the Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments); (2) All Net Liquidation Proceeds; (3) All amounts required to be deposited by the either Contract Seller pursuant to Sections 3.05(a) and (b); (4) All Monthly Advances pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.03; and; (6) All amounts required to be withdrawn from an REO Account and deposited in the Certificate Account in accordance with Section 4.17.; and

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-12000A (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 2000A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the CertificateholdersTrustee." As of the Closing Date, the The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. In no event shall the Trustee be liable for any loss from any such investments. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-11998A (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998A (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the Certificateholders." As of the Closing Date, the Trustee". The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-11999C (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1999C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the Certificateholders." As of the Closing Date, the Trustee". The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-11998C (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998C (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the Certificateholders." As of the Closing Date, the Trustee". The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-11999B (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1999B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the Certificateholders." As of the Closing Date, the Trustee". The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, with respect to each Group of Contracts, a Certificate Account which is an Eligible Account, in the form of a segregated trust account one or more separate custodial accounts, titled (i) in the case of the Group I Contracts, "BankAmerica Manufactured Housing Contract Trust II, Senior/Subordinate Pass-Through Certificates, Series 1997-11998B (Vanderbilt Mortgage and Finance, Certificate Account Inc., Seller), Group I, in trust for the Trustee as trustee Trustee" and (ii) in the case of the Group II Contracts, "Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, 1998B (Vanderbilt Mortgage and Finance, Inc., Seller), Group II, in trust for the benefit of the Certificateholders." As of the Closing Date, the Trustee". The Trustee shall cause moneys in each Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall to be invested in the Trustee's Corporate Trust Short-Term Investment Fund (Eligible Investments as long as such fund is an Eligible Investment) or other similar Eligible Investment selected directed in writing by the Trustee. Eligible Investments Servicer, which shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Remittance Date next following the date of such investment (except that, that if such Eligible Investment is an obligation of the institution that maintains the such Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Remittance Date), ) and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, The Servicer shall promptly notify the Trustee shall select obligations for the investment of the upon obtaining knowledge that an instrument or account in which a Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "is invested has ceased to be an Eligible Investments." The Trustee shall select such Investment or Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of incomeAccount. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the related Certificate Account. The Servicer shall deposit in the applicable Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments)related Contracts; (2) All Net Liquidation ProceedsProceeds with respect to the related Contracts; (3) All amounts required to be deposited by the Contract Seller Company pursuant to Sections 3.05(a) and (b)) with respect to the related Contracts; (4) All Monthly Advances with respect to the related Contracts pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.036.04; and (65) All amounts required to be withdrawn from an REO Account and deposited in the related Certificate Account in accordance with Section 4.175.17.

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account which is an Eligible Account, in the form of a segregated trust account titled "BankAmerica Manufactured Housing Contract Trust IIIV, Senior/Subordinate Pass-Through Certificates, Series 19971998-1, Certificate Account in trust for the Trustee as trustee for the benefit of the Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments); (2) All Net Liquidation Proceeds; (3) All amounts required to be deposited by the either Contract Seller pursuant to Sections 3.05(a) and (b); (4) All Monthly Advances pursuant to Section 5.01; ; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.03; and (6) All amounts required to be withdrawn from an REO Account and deposited in the Certificate Account in accordance with Section 4.17.;

Establishment of and Deposits in Certificate Accounts. On or before the Closing Date, the Trustee shall have established, and thereafter shall maintain, a Certificate Account which is an Eligible Account, in the form of a segregated trust account titled "BankAmerica Manufactured Housing Contract Trust IIIII, Senior/Subordinate Pass-Through Certificates, Series 1997-12, Certificate Account in trust for the Trustee as trustee for the benefit of the Certificateholders." As of the Closing Date, the Certificate Account shall be a segregated trust account established at The First National Bank of Chicago and shall be invested in the Trustee's Corporate Trust Short-Term Investment Fund (as long as such fund is an Eligible Investment) or other similar Eligible Investment selected by the Trustee. Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than the Business Day immediately preceding the Distribution Date next following the date of such investment (except that, if such Eligible Investment is an obligation of the institution that maintains the Certificate Account, then such Eligible Investments shall mature or, in the case of a money market fund, be redeemed not later than such Distribution Date), and shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee, as trustee for the benefit of the Certificateholders. Without limiting the generality of the foregoing, the Trustee shall select obligations for the investment of the Certificate Account from among the investments specified in clauses (a) and (b) of the definition of "Eligible Investments." The Trustee shall select such Eligible Investments, which shall mature as provided above, in such manner as to achieve the following objectives in the order stated: (1) preservation of principal values; and (2) maximization of income. All net income and gain realized from any such investments, to the extent provided by this Agreement, shall be added to the Certificate Account. The Servicer shall deposit in the Certificate Account, as promptly as practicable (but not later than the close of business of the second Business Day) following receipt thereof: (1) All amounts received from Obligors with respect to principal of and interest on the Contracts (including Excess Contract Payments); (2) All Net Liquidation Proceeds; (3) All amounts required to be deposited by the Contract Seller pursuant to Sections 3.05(a) and (b); (4) All Monthly Advances pursuant to Section 5.01; (5) Any proceeds of Hazard Insurance Policies pursuant to Section 4.11 and any amounts in respect of indemnification pursuant to Section 7.03; and (6) All amounts required to be withdrawn from an REO Account and deposited in the Certificate Account in accordance with Section 4.17.