Common use of Investment of Funds in the Collection Accounts and the Distribution Account Clause in Contracts

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Servicer may invest the funds in the related Collection Account and the Trustee may invest funds in the Distribution Account during the Trustee Float Period, and shall (except during the Trustee Float Period), invest such funds in the Distribution Account at the direction of the Depositor (for purposes of this Section 3.12, each of the Collection Accounts and the Distribution Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, no later than the Business Day on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at the Depositor's direction, which shall mature no later than the Business Day immediately preceding the date of required withdrawal). All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account shall be made in the name of the Trustee. The Trustee shall be entitled to sole possession (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon in any Account other than the Distribution Account during the Trustee Float Period) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trustee. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee may:

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Servicer may invest the funds in the related Collection Account and the Trustee may (but is not obligated to) invest funds in the Distribution Account during the Trustee Float Period, and and, with respect to the portion of funds in the Distribution Account deposited by the Servicer, shall (except during the Trustee Float Period), ) invest such funds in the Distribution Account at the direction of the Depositor Servicer (for purposes of this Section 3.12, each of the Collection Accounts and the Distribution such Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at Agreement; provided, however, that the Depositor's direction, which Trustee shall mature have no obligation to invest funds deposited into the Distribution Account by the Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Business Day immediately preceding Trustee shall hold the date of required withdrawal)funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Trustee Float Period) shall be made in the name of the TrusteeServicer. The Trustee Servicer shall be entitled to sole possession (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon on any investment in any Account other than the Distribution Account during the Trustee Float Period) over each such related investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Servicer (with a copy to the Trustee or its agent if related to investment of funds in the Distribution Account not during the Trustee Float Period), or with respect to investments during the Trustee Float Period, the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the TrusteeServicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Servicer, or with respect to investments during the Trustee Float Period, the Trustee may:

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Servicer may invest the funds in the related Collection Account and the related Escrow Account (to the extent permitted by law and the related Mortgage Loan documents) and the Trustee may (but is not obligated to) invest funds in the Distribution Account during the Trustee Float Period, and and, with respect to the portion of funds in the Distribution Account deposited by the Servicer, shall (except during the Trustee Float Period), ) invest such funds in the Distribution Account at the direction of the Depositor Servicer (for purposes of this Section 3.12, each of the Collection Accounts and the Distribution such Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at Agreement; provided, however, that the Depositor's direction, which Trustee shall mature have no obligation to invest funds deposited into the Distribution Account by the Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Business Day immediately preceding Trustee shall hold the date of required withdrawal)funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Trustee Float Period) shall be made in the name of the TrusteeTrustee in Permitted Investments selected by the Servicer. The Trustee Servicer shall be entitled to sole possession (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon on any investment in any Account other than the Distribution Account during the Trustee Float Period, which shall be for the sole benefit of the Trustee) over each such related investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agentagent (with a copy to the Trustee or its agent if related to investment of funds in the Distribution Account not during the Trustee Float Period), together with any document of transfer necessary to transfer title to such investment to the TrusteeServicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Servicer, or with respect to investments during the Trustee Float Period, the Trustee may:

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Each Servicer may invest the funds in the related Collection Account and the related Escrow Account (to the extent permitted by law and the related Mortgage Loan documents) and the Trustee may (but is not obligated to) invest funds in the Distribution Account during the Trustee Float Period, and and, with respect to the portion of funds in the Distribution Account deposited by a Servicer, shall (except during the Trustee Float Period), ) invest such funds in the Distribution Account at the direction of the Depositor such Servicer (for purposes of this Section 3.12, each of the Collection Accounts and the Distribution such Accounts are referred to as an "“Investment Account"”), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at Agreement; provided, however, that the Depositor's direction, which Trustee shall mature have no obligation to invest funds deposited into the Distribution Account by a Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Business Day immediately preceding Trustee shall hold the date of required withdrawal)funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Trustee Float Period) shall be made in the name of the TrusteeTrustee in Permitted Investments selected by the applicable Servicer. The Trustee applicable Servicer shall be entitled to sole possession (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon on any investment in any Account other than the Distribution Account during the Trustee Float Period, which shall be for the sole benefit of the Trustee) over each such related investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agentagent (with a copy to the Trustee or its agent if related to investment of funds in the Distribution Account not during the Trustee Float Period), together with any document of transfer necessary to transfer title to such investment to the Trusteeapplicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee may:

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Servicer may invest the funds in the related Collection Account and the Trustee related Escrow Account (to the extent permitted by law and the related Mortgage Loan documents) and the Securities Administrator may (but is not obligated to) invest funds in the Distribution Account during the Trustee Master Servicer Float Period, and and, with respect to the portion of funds in the Distribution Account deposited by the Servicer, shall (except during the Trustee Master Servicer Float Period), ) invest such funds in the Distribution Account at the direction of the Depositor Servicer in the Wells Fargo Advantage Prime Investments Money Market Fund (for purposes of this xx xhis Section 3.12, each of the Collection Accounts and the Distribution such Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at Agreement; provided, however, that the Depositor's direction, which Securities Administrator shall mature have no obligation to invest funds deposited into the Distribution Account by the Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Business Day immediately preceding Securities Administrator shall hold the date of required withdrawal)funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Master Servicer Float Period) shall be made in the name of the TrusteeSecurities Administrator in Permitted Investments selected by the Servicer. The Trustee Servicer shall be entitled to sole possession the income from such related investment (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon on any investment in any Account other than the Distribution Account during the Trustee Master Servicer Float Period, which shall be for the sole benefit of the Securities Administrator) over each such investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the Trustee Servicer, or with respect to investments during the Master Servicer Float Period, the Securities Administrator or its agentagent (with a copy to the Securities Administrator or its agent if related to investment of funds in the Distribution Account not during the Master Servicer Float Period), together with any document of transfer necessary to transfer title to such investment to the TrusteeServicer, or with respect to investments during the Master Servicer Float Period, the Securities Administrator or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the Trustee Servicer, or with respect to investments during the Master Servicer Float Period, the Securities Administrator may:

Investment of Funds in the Collection Accounts and the Distribution Account. (a) The Each Servicer may invest the funds in the related Collection Account and the Trustee may (but is not obligated to) invest funds in the Distribution Account during the Trustee Float Period, and and, with respect to the portion of funds in the Distribution Account deposited by a Servicer, shall (except during the Trustee Float Period), ) invest such funds in the Distribution Account at the direction of the Depositor such Servicer (for purposes of this Section 3.12, each of the Collection Accounts and the Distribution such Accounts are referred to as an "Investment Account"), in one or more Permitted Investments bearing interest or sold at a discount, and maturing, unless payable on demand, demand no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn from such account pursuant to this Agreement (except for investments made at Agreement; provided, however, that the Depositor's direction, which Trustee shall mature have no obligation to invest funds deposited into the Distribution Account by a Servicer on the Remittance Date later than 10:00 a.m. (Pacific Standard Time). If no investment instruction is given in a timely manner, the Business Day immediately preceding Trustee shall hold the date of required withdrawal)funds in the Distribution Account uninvested. All such Permitted Investments shall be held to maturity, unless payable on demand. Any investment of funds in an Investment Account (other than investments made during the Trustee Float Period) shall be made in the name of the Trusteeapplicable Servicer. The Trustee applicable Servicer shall be entitled to sole possession (except with respect to investment direction of funds held in the related Account and any income and gain realized thereon on any investment in any Account other than the Distribution Account during the Trustee Float Period) over each such related investment, and any certificate or other instrument evidencing any such investment shall be delivered directly to the applicable Servicer (with a copy to the Trustee or its agent if related to investment of funds in the Distribution Account not during the Trustee Float Period), or with respect to investments during the Trustee Float Period, the Trustee or its agent, together with any document of transfer necessary to transfer title to such investment to the Trusteeapplicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee or its agent. In the event amounts on deposit in an Investment Account are at any time invested in a Permitted Investment payable on demand, the applicable Servicer, or with respect to investments during the Trustee Float Period, the Trustee may: