Common use of Flood Service Contract Clause in Contracts

Flood Service Contract. EXHIBIT 6 CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 To: __________________________________ (the "Depository") As Seller under the Master Mortgage Loan Purchase and Servicing Agreement, dated as of [Month] 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] (Seller) By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- Exh 7-1 The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

Flood Service Contract. Exh 5-2 EXHIBIT 6 --------- CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 --------- CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 To: __________________________________ (the "Depository") As Seller under the Master Mortgage Loan Purchase and Servicing Agreement, dated as of [Month] 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] (Seller) By: ------------------------------------ ---------------------------------------- Name: ---------------------------------- -------------------------------------- Title: --------------------------------- ------------------------------------- Date: ---------------------------------- -------------------------------------- Exh 7-1 The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

Flood Service Contract. EXHIBIT 6 CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 FORM OF CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 To: __________________________________ (the "Depository") As Seller under the Master Mortgage Loan Purchase and Servicing Agreement, dated as of [Month] 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] HSBC Mortgage Corporation (USA) (Seller) By: ------------------------------------ Name: ---------------------------------- Title: --------------------------------- Date: ---------------------------------- Exh 7-1 The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

Flood Service Contract. EXHIBIT 6 CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 FORM OF CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 To: __________________________________ (the "Depository") As Seller under the Master Mortgage Loan Purchase and Servicing Agreement, dated as of [Month] 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] HSBC Mortgage Corporation (USA) (Seller) By: ------------------------------------ :____________________________ Name: ---------------------------------- :__________________________ Title: --------------------------------- :_________________________ Date: ---------------------------------- :__________________________ Exh 7-1 The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

Flood Service Contract. EXHIBIT 6 CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 To: __________________________________ (the "Depository") As Seller under the Master Mortgage Loan Purchase and Interim Servicing Agreement, dated as of [Month] 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] (Seller) By: ------------------------------------ -------------------------------------- Name: ---------------------------------- ------------------------------------ Title: --------------------------------- ----------------------------------- Date: ---------------------------------- ------------------------------------ Exh 7-1 The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").

Flood Service Contract. EXHIBIT 6 CUSTODIAL AGREEMENT Exh 6-1 EXHIBIT 7 CUSTODIAL ACCOUNT LETTER AGREEMENT ________________________ __, 2006 200 --------- -- To: __________________________________ ----------------------------------- (the "Depository") As Seller under the Master Mortgage Loan Purchase and Interim Servicing Agreement, dated as of [Month] December 1, 2006, we hereby authorize and request you to establish an account, as a Custodial Account, to be designated as "[SELLER] HomeBanc Mortgage Corporation in trust for the Purchaser and various Mortgagors, Fixed and Adjustable Rate Mortgage Loans." All deposits in the account shall be subject to withdrawal therefrom by order signed by the Seller. You may refuse any deposit which would result in violation of the requirement that the account be fully insured as described below. This letter is submitted to you in duplicate. Please execute and return one original to us. [SELLER] HOMEBANC MORTGAGE CORPORATION (Seller) By: ------------------------------------ ------------------------------------------------- Name: ---------------------------------- ----------------------------------------------- Title: --------------------------------- ---------------------------------------------- Date: ---------------------------------- Exh 7-1 ----------------------------------------------- The undersigned, as Depository, hereby certifies that the above-described account has been established under Account Number ___________ at the office of the Depository indicated above, and agrees to honor withdrawals on such account as provided above. The full amount deposited at any time in the account will be insured by the Federal Deposit Insurance Corporation through the Bank Insurance Fund ("BIF") or the Savings Association Insurance Fund ("SAIF").. -------------------------------------- Depository By: ------------------------------------------------- Name: ----------------------------------------------- Title: ---------------------------------------------- Date: -----------------------------------------------