Common use of Grantor Trustee Not Liable for Grantor Trust Certificate or Home Loans Clause in Contracts

Grantor Trustee Not Liable for Grantor Trust Certificate or Home Loans. The recitals contained herein and in the Grantor Trust Certificate (other than the execution and authentication of the Grantor Trust Certificate and relating to the acceptance and receipt of the Home Loans) shall be taken as the statements of the Depositor, and the Grantor Trustee assumes no responsibility for their correctness. The Grantor Trustee makes no representations as to the validity or sufficiency of this Grantor Trust Agreement or of the Grantor Trust Certificate (except that the Grantor Trust Certificate shall be duly and validly executed by it and authenticated by it as Grantor Trust Certificate Registrar) or of any Home Loan or related document. The Grantor Trustee shall not be accountable for the use or application by the Depositor of the Grantor Trust Certificate or of the proceeds of the Grantor Trust Certificate, or for the use or application of any funds paid to the Depositor in respect of the Home Loans or deposited in or withdrawn from the Custodial Account or the Grantor Trust Certificate Account by the Depositor or the Master Servicer.

Grantor Trustee Not Liable for Grantor Trust Certificate or Home Loans. The recitals contained herein and in the Grantor Trust Certificate (other than the execution and authentication of the Grantor Trust Certificate and relating to the acceptance and receipt of the Home Loans) shall be taken as the statements of the Depositor, and the Grantor Trustee assumes no responsibility for their correctness. The Grantor Trustee makes no representations as to the validity or sufficiency of this Grantor Trust Agreement or of the Grantor Trust Certificate (except that the Grantor Trust Certificate shall be duly and validly executed by it and authenticated by it as Grantor Trust Certificate Registrar) or of any Home Loan or related document. The Except as otherwise provided herein, the Grantor Trustee shall not be accountable for the use or application by the Depositor of the Grantor Trust Certificate or of the proceeds of the Grantor Trust Certificate, or for the use or application of any funds paid to the Depositor in respect of the Home Loans or deposited in or withdrawn from the Custodial Account or the Grantor Trust Certificate Account by the Depositor or the Master Servicer.