Common use of Master Servicer Collection Account Clause in Contracts

Master Servicer Collection Account. (i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master Servicer Collection Account of U.S. Bank National Association, as Trustee for the benefit of Sequoia Mortgage Trust 2012-2 Holders of Mortgage Pass-Through Certificates.” The Master Servicer shall hold the Master Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master Servicer Collection Account and retain on deposit therein until the related Master Servicer Remittance Date the following amounts: (A) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; (B) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and (C) any other amounts so required to be deposited in the Master Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National AssociationChristiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 2012-2 5 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National AssociationChristiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 20122013-2 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing AdministratorAdministratorsAdministrator; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master Servicer Collection Account of U.S. Bank National Association, as Trustee for the benefit of Sequoia Mortgage Trust 2012-2 1 Holders of Mortgage Pass-Through Certificates.” The Master Servicer shall hold the Master Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master Servicer Collection Account and retain on deposit therein until the related Master Servicer Remittance Date the following amounts: (A) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; (B) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and (C) any other amounts so required to be deposited in the Master Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 20122011-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.1

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National AssociationChristiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 2012-2 4 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National Association, as Trustee for the benefit of Sequoia Mortgage Trust 2012-2 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National AssociationCitibank, N.A., as Trustee for the benefit of Sequoia Mortgage Trust 20122011-2 1 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing AdministratorServicers; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.

Master Servicer Collection Account. (The Securities Administrator, as Paying Agent for the Trustee, i) On or prior to January 1, 2014, the Master Servicer shall establish and maintain an Eligible Account entitled “Master DistributionMaster Servicer Collection Account of U.S. Bank National AssociationChristiana Trust, a division of Wilmington Savings Fund Society, FSB, as Trustee for the benefit of Sequoia Mortgage Trust 20122013-2 1 Holders of Mortgage Pass-Through Certificates.” The Master Securities AdministratorMaster Servicer shall hold the Master DistributionMaster Servicer Collection Account and all money and other property therein in trust for the benefit of the Certificateholders. The Master Securities AdministratorMaster Servicer shall, promptly upon receipt from the Servicers on each Servicer Remittance Date, deposit into the Master DistributionMaster Servicer Collection Account and retain on deposit therein until the related Master DistributionMaster Servicer Remittance Date the following amounts: : (AiA) the aggregate of collections with respect to the Mortgage Loans remitted by the Servicers from the related Custodial Accounts in accordance with the Servicing Agreements; ; (BiiB) any amounts required to be deposited by the Master Servicer with respect to the Mortgage Loans for the related Due Period pursuant to this Agreement, including the amount of any Advances or Master Servicer Compensating Interest Payments with respect to the Mortgage Loans not paid by the Servicers or the Servicing Administrator; and and (CiiiC) any other amounts so required to be deposited in the Master DistributionMaster Servicer Collection Account in the related Due Period pursuant to this Agreement. (ii) On each Master Servicer Remittance Date, the Master Servicer shall, after making any permitted withdrawals therefrom pursuant to Section 4.01(b)(iv) below, remit the Available Distribution Amount on deposit in the Master Servicer Collection Account to the Securities Administrator for deposit into the Distribution Account as described in Section 4.01(c). (iii) In the event a Servicer has remitted to the Master Servicer for deposit into the Master Servicer Collection Account in error any amount not required to be remitted to the Master Servicer pursuant to the definition of Available Distribution Amount, it may at any time direct the Master Servicer to withdraw such amount from the Master Servicer Collection Account for repayment to the Servicer by delivery of an Officer’s Certificate to the Master Servicer and the Trustee which describes the amount deposited in error. (iv) The Master Servicer may, from time to time, before making any remittance to the Securities Administrator, withdraw from funds on deposit in the Master Servicer Collection Account and pay to itself and the Custodian any amounts permitted to be paid or reimbursed to itself or the Custodian pursuant to this Agreement which amounts shall result in the reduction of the Available Distribution Amount as provided in the definition thereof in Article I. (v) Funds in the Master Servicer Collection Account for the period from each Servicer Remittance Date to the related Master Servicer Remittance Date shall, if invested, be invested in Eligible Investments selected by the Master Servicer, which shall mature not later than the Master Servicer Remittance Date and any such Eligible Investment shall not be sold or disposed of prior to its maturity. All such Eligible Investments shall be made in the name of the Trustee in trust for the benefit of the Trustee and Holders of the Sequoia Mortgage Trust 2012-2 Certificates. All income and gain realized from any Eligible Investment in the Master Servicer Collection Account shall be compensation to the Master Servicer. The Master Servicer shall deposit the amount of any losses incurred in respect of any such investments out of its own funds, without any right of reimbursement therefor, immediately as realized.