Common use of Maintenance of the Primary Mortgage Insurance Policies Clause in Contracts

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the EMC Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each EMC Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the EMC Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted EMC Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each EMC Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies with respect to a Loan Group shall be deposited in the Protected AccountAccount with respect to such Loan Group, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders Certificateholders’ claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders Certificateholders, claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the EMC Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance Policy applicable to each EMC Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the Trustee, Trustee and the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the EMC Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted EMC Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders and the Certificate Insurer, claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Master Servicer, subject to withdrawal pursuant to Section 4.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Servicer, would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the a Mortgage Loan requires the related Mortgagor to maintain such insurance), each Primary Mortgage Insurance Policy applicable to each any Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the a Mortgage Note and is required to be kept in force hereunder. Notwithstanding the foregoing, the Master Servicer shall not be required to keep in force any Primary Mortgage Insurance Policy beyond the period required by the Fannie Mae Servicing Guide for residential mortgage loans. (bx) The Master Servicer agrees to present present, on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies Policy and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies Policy respecting defaulted Mortgage Loans. Pursuant to Section 4.014.02, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall (subject to Section 3.09 and Section 3.10) be deposited in the Protected Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 4.03 hereof. The Trustee shall provide the Master Servicer with any powers of attorney and or other documentation as it may request in order enable it to perform its obligations pursuant to this Section 3.11.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the EMC Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each EMC Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the Trustee, Trustee and the Certificateholders and the Certificate Insurers, claims to the insurer under any Primary Mortgage Insurance Policies relating to the EMC Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted EMC Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders and the Certificate Insurer, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof. The Master Servicer shall withdraw from the Protected Account on each Distribution Date and pay to the LPMI Insurer the LPMI Insurer Fee in accordance with the terms of the LPMI Policy.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the EMC Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each EMC Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the Trustee, Trustee and the Certificateholders and the Insurer, claims to the insurer under any Primary Mortgage Insurance Policies relating to the EMC Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted EMC Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan EMC HELOC requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance Policy applicable to each Mortgage LoanEMC HELOC. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the Indenture Trustee, the Noteholders and the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the EMC HELOCs and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage LoansEMC HELOCs. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Servicer, would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), each Primary Mortgage Insurance Policy applicable to each any Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the a Mortgage Note and is required to be kept in force hereunder. Notwithstanding the foregoing, the Master Servicer shall not be required to keep in force any Primary Mortgage Insurance Policy beyond the period required by the Xxxxxx Xxx Servicing Guide for residential mortgage loans. (b) The Master Servicer agrees to present present, on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies Policy and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies Policy respecting defaulted Mortgage Loans. Pursuant to Section 4.014.02, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 4.03 hereof. The Trustee shall provide the Master Servicer with any powers of attorney and or other documentation as it may request in order enable it to perform its obligations pursuant to this Section 3.11.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer Company shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Company would have been covered thereunder. The Master Servicer Company shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer Company shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer Company agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer Company under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Company, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer Servicer, would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the a Mortgage Loan requires the related Mortgagor to maintain such insurance), each Primary Mortgage Insurance Policy applicable to each any Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the a Mortgage Note and is required to be kept in force hereunder. Notwithstanding the foregoing, the Master Servicer shall not be required to keep in force any Primary Mortgage Insurance Policy beyond the period required by the Fannie Mae Servicing Guide for residential mortgage loans. (b) The Master Servicer agrees to present present, on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies Policy and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies Policy respecting defaulted Mortgage Loans. Pursuant to Section 4.014.02, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall (subject to Section 3.09 and Section 3.10) be deposited in the Protected Master Servicer Collection Account, subject to withdrawal pursuant to Section 4.02 4.03 hereof. The Trustee shall provide the Master Servicer with any powers of attorney and or other documentation as it may request in order enable it to perform its obligations pursuant to this Section 3.11.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof. The Master Servicer shall withdraw from the Protected Account on each Distribution Date and pay to MGIC and PMI, the MGIC Insurer Fee Rate and the PMI Insurer Fee Rate, as applicable, in accordance with the terms of the related Policy.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountAccount maintained by the Servicer, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan HELOC requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance Policy applicable to each Mortgage LoanHELOC. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the Mortgage Note Credit Line Agreement and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Indenture Trustee, the Noteholders, the Note Insurer and the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the HELOCs and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage LoansHELOCs. Pursuant to Section 4.015.02, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected AccountCollection Account maintained by the Servicer, subject to withdrawal pursuant to Section 4.02 5.03 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy that is in effect at the date of the initial issuance of the related Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the TrusteeTrustee and the Certificateholders, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies relating to the Mortgage Loans and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.015.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 5.02 hereof.

Maintenance of the Primary Mortgage Insurance Policies. (a) The Master Servicer shall not take any action that would result in noncoverage under any applicable Primary Mortgage Insurance Policy of any loss which, but for the actions of the Master Servicer would have been covered thereunder. The Master Servicer shall use its best efforts to keep in force and effect (to the extent that the Mortgage Loan requires the Mortgagor to maintain such insurance), Primary Mortgage Insurance applicable to each Mortgage Loan. The Master Servicer shall not cancel or refuse to renew any such Primary Mortgage Insurance Policy 66 that is in effect at the date of the initial issuance of the Mortgage Note and is required to be kept in force hereunder. (b) The Master Servicer agrees to present on behalf of the Trustee, the Certificateholders claims to the insurer under any Primary Mortgage Insurance Policies and, in this regard, to take such reasonable action as shall be necessary to permit recovery under any Primary Mortgage Insurance Policies respecting defaulted Mortgage Loans. Pursuant to Section 4.01, any amounts collected by the Master Servicer under any Primary Mortgage Insurance Policies shall be deposited in the Protected Account, subject to withdrawal pursuant to Section 4.02 hereof.