Common use of Liability of Servicer; Indemnification Clause in Contracts

Liability of Servicer; Indemnification. 99 Section 8.06 No Contractual Relationship Between Sub-Servicer, Trustee or the Owners........................................................................100 Section 8.07 Assumption or Termination of Sub-Servicing Agreement by Trustee...............100 Section 8.08 Principal and Interest Account................................................100 Section 8.09 Delinquency Advances and Servicing Advances...................................102 Section 8.10 Compensating Interest; Repurchase of Home Equity Loans........................103 Section 8.11 Maintenance of Insurance......................................................104 Section 8.12 Due-on-Sale Clauses; Assumption and Substitution Agreements...................105 Section 8.13 Realization Upon Defaulted Home Equity Loans; Workout of Home Equity Loans..................................................................106 Section 8.14 Trustee to Cooperate; Release of Files........................................107 Section 8.15 Servicing Compensation........................................................109 Section 8.16 Annual Statement as to Compliance.............................................109 Section 8.17 Annual Independent Certified Public Accountants' Reports......................109 Section 8.18 Access to Certain Documentation and Information Regarding the Home Equity Loans..................................................................110 Section 8.19 Assignment of Agreement.......................................................110 Section 8.20 Removal of Servicer; Retention of Servicer; Resignation of Servicer...........110 Section 8.21 Inspections by Certificate Insurer Errors and Omissions Insurance.............114 Section 8.22 Additional Servicing Responsibilities for Second Mortgage Loans...............115 Section 8.23 The Adjustable Rate Group Home Equity Loans...................................115 Section 8.24 Merger, Conversion, Consolidation or Succession to Business of Servicer.......116 Section 8.25 Notices of Material Events....................................................116 Section 8.26 Indemnification by the Servicer...............................................116

Liability of Servicer; Indemnification. 99 116 Section 8.06 No Contractual Relationship Between Sub-Servicer, Trustee or -ii- the Owners........................................................................100 ...........................................116 Section 8.07 Assumption or Termination of Sub-Servicing Agreement by Trustee...............100 ...........................................117 Section 8.08 Principal and Interest Account................................................100 .......................117 Section 8.09 Delinquency Advances and Servicing Advances...................................102 ..........119 Section 8.10 Compensating Interest; Repurchase of Home Equity Loans........................103 ................................................120 Section 8.11 Maintenance of Insurance......................................................104 .............................121 Section 8.12 Due-on-Sale Clauses; Assumption and Substitution Agreements...................105 ...........................................121 Section 8.13 Realization Upon Defaulted Home Equity Loans; Workout of Home Equity Loans..................................................................106 Modification.........................................122 Section 8.14 Trustee to Cooperate; Release of Files........................................107 ...............124 Section 8.15 Servicing Compensation........................................................109 ...............................125 Section 8.16 Annual Statement as to Compliance.............................................109 ....................125 Section 8.17 Annual Independent Certified Public Accountants' Reports......................109 ..............................................125 Section 8.18 Access to Certain Documentation and Information Regarding the Home Equity Loans..................................................................110 ......................126 Section 8.19 Assignment of Agreement.......................................................110 ..............................126 Section 8.20 Removal of Servicer; Retention of Servicer; Resignation of Servicer...........110 .........126 Section 8.21 Inspections by Certificate Insurer Insurer; Errors and Omissions Insurance.............114 Section 8.22 Additional Servicing Responsibilities for Second Mortgage Loans...............115 Section 8.23 The Adjustable Rate Group Home Equity Loans...................................115 Section 8.24 Merger, Conversion, Consolidation or Succession to Business of Servicer.......116 Section 8.25 Notices of Material Events....................................................116 Section 8.26 Indemnification by the Servicer...............................................116..................................131

Liability of Servicer; Indemnification. 99 73 Section 8.06 No Contractual Relationship Between Sub-Servicer, Trustee or the Owners........................................................................100 ....................................................................73 Section 8.07 Assumption or Termination of Sub-Servicing Agreement by Trustee...............100 .......................................................................73 Section 8.08 Principal and Interest Account................................................100 ...................................................73 Section 8.09 Delinquency Advances and Servicing Advances...................................102 ......................................75 Section 8.10 Compensating Interest; Repurchase of Home Equity Loans........................103 ...........................76 Section 8.11 Maintenance of Insurance......................................................104 .........................................................76 Section 8.12 Due-on-Sale Clauses; Assumption and Substitution Agreements...................105 ......................77 Section 8.13 Realization Upon Defaulted Home Equity Loans; Workout of Home Equity Loans..................................................................106 .............................................................77 Section 8.14 Trustee to Cooperate; Release of Files........................................107 ...........................................79 Section 8.15 Servicing Compensation........................................................109 ...........................................................79 Section 8.16 Annual Statement as to Compliance.............................................109 ................................................80 Section 8.17 Annual Independent Certified Public Accountants' Reports......................109 .........................80 Section 8.18 Access to Certain Documentation and Information Regarding the Home Equity Loans..................................................................110 ............................................................80 Section 8.19 Assignment of Agreement.......................................................110 ..........................................................80 Section 8.20 Removal of Servicer; Retention of Servicer; Resignation of Servicer...........110 ......................................................................80 Section 8.21 Inspections by Certificate Insurer Inspections; Errors and Omissions Insurance.............114 ......................................83 Section 8.22 Additional Servicing Responsibilities for Second Mortgage Loans...............115 Section 8.23 The Adjustable Rate Group Home Equity Loans...................................115 Section 8.24 Merger, Conversion, Consolidation or Succession to Business of Servicer.......116 Section 8.25 Notices of Material Events....................................................116 Section 8.26 Indemnification by the Servicer...............................................116...................................................................84 ARTICLE IX

Liability of Servicer; Indemnification. 99 Section 8.06 No Contractual Relationship Between Sub-Servicer, Trustee or the Owners.............................................................................................100 Section 8.07 Assumption or Termination of Sub-Servicing Agreement by Trustee............................................100 Section 8.08 Principal and Interest Account..............................................................................................................100 Section 8.09 Delinquency Advances and Servicing Advances....................................................................................102 Section 8.10 Compensating Interest; Repurchase of Home Equity Loans..............................................................103 Section 8.11 Maintenance of Insurance..........................................................................................................................104 Section 8.12 Due-on-Sale Clauses; Assumption and Substitution Agreements....................................................105 Section 8.13 Realization Upon Defaulted Home Equity Loans; Workout of Home Equity Loans....................................................................................106 Section 8.14 Trustee to Cooperate; Release of Files..............................................................................................107 Section 8.15 Servicing Compensation..............................................................................................................................109 Section 8.16 Annual Statement as to Compliance........................................................................................................109 Section 8.17 Annual Independent Certified Public Accountants' Reports..........................................................109 Section 8.18 Access to Certain Documentation and Information Regarding the Home Equity Loans...............................................................................110 Section 8.19 Assignment of Agreement............................................................................................................................110 Section 8.20 Removal of Servicer; Retention of Servicer; Resignation of Servicer....................................110 Section 8.21 Inspections by Certificate Insurer Errors and Omissions Insurance.............114 ...........................115 Section 8.22 Additional Servicing Responsibilities for Second Mortgage Loans............................................115 Section 8.23 The Adjustable Rate Group Home Equity Loans....................................................................................115 Section 8.24 Merger, Conversion, Consolidation or Succession to Business of Servicer............................116 Section 8.25 Notices of Material Events......................................................................................................................116 Section 8.26 Indemnification by the Servicer...............................................116.............................................................117