Master Servicer to Service Mortgage Loans. 59 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 SECTION 3.14. SERVICING COMPENSATION................................................................75 SECTION 3.15.
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Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa9)
Master Servicer to Service Mortgage Loans. 59 III-1 SECTION 3.02. SUBSERVICINGSubservicing; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 Enforcement of the Obligations of Servicers.....................III-2 SECTION 3.03. RIGHTS OF THE DEPOSITOR Rights of the Depositor and the Trustee in Respect of the Master Servicer...............III-2 SECTION 3.04. Trustee to Act as Master Servicer............III-2 SECTION 3.05. Collection of Mortgage Loan Payments; Certificate Account; Distribution Account; Class A-9 Reserve Fund.......................III-3 SECTION 3.06. Collection of Taxes, Assessments and Similar Items; Escrow Accounts...............III-5 SECTION 3.07. Access to Certain Documentation and Information Regarding the Mortgage Loans.....III-6 SECTION 3.08. Permitted Withdrawals from the Certificate Account, the Class A-9 Reserve Fund and Distribution Account.........................III-6 SECTION 3.09. Maintenance of Hazard Insurance; Maintenance of Primary Insurance Policies....III-8 SECTION 3.10. Enforcement of Due-on-Sale Clauses; Assumption Agreements........................III-9 SECTION 3.11. Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans........III-10 SECTION 3.12. Trustee to Cooperate; Release of Mortgage Files.......................................III-12 SECTION 3.13. Documents Records and Funds in Possession of Master Servicer to be Held for the Trustee.....................................III-13 SECTION 3.14. Servicing Compensation......................III-13 SECTION 3.15. Access to Certain Documentation.............III-14 SECTION 3.16. Annual Statement as to Compliance...........III-14 SECTION 3.17. Annual Independent Public Accountants' Servicing Statement; Financial Statements...III-14 SECTION 3.18. Errors and Omissions Insurance; Fidelity Bonds.......................................III-15 ARTICLE IV DISTRIBUTIONS AND THE TRUSTEE IN RESPECT OF ADVANCES BY THE MASTER SERVICER.............60 ..............IV-1 SECTION 3.044.01. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 Advances......................................IV-1 SECTION 3.054.02. COLLECTION OF MORTGAGE LOAN PAYMENTSPriorities of Distribution....................IV-1 SECTION 4.03. Distributions in Reduction of the Class A-9 Certificates..............................IV-6 SECTION 4.04. Policy Matters................................IV-9 SECTION 4.05. Allocation of Realized Losses................IV-12 SECTION 4.06. Monthly Statements to Certificateholders.....IV-13 SECTION 4.07. Determination of Pass-Through Rates for COFI Certificates............................IV-15 SECTION 4.08. Determination of Pass-Through Rates for LIBOR Certificates...........................IV-16 ARTICLE V THE CERTIFICATES.................................................V-1 SECTION 5.01. The Certificates...............................V-1 SECTION 5.02. Certificate Register; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 Registration of Transfer and Exchange of Certificates..........V-1 SECTION 3.065.03. COLLECTION OF TAXESMutilated, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 Destroyed, Lost or Stolen Certificates...................................V-5 SECTION 3.075.04. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 Persons Deemed Owners..........................V-6 SECTION 3.085.05. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 Access to List of Certificateholders' Names and Addresses..................................V-6 SECTION 3.095.06. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 SECTION 3.14. SERVICING COMPENSATION................................................................75 SECTION 3.15.Maintenance of Office or Agency................V-6
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Master Servicer to Service Mortgage Loans. 59 45 SECTION 3.02. 3.2 SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 SERVICERS.........................................46 SECTION 3.03. 3.3 RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 .........................47 SECTION 3.04. 3.4 TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 .................................................................47 SECTION 3.05. 3.5 COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 ...................47 SECTION 3.06. 3.6 COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 ...............................51 SECTION 3.07. 3.7 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 ......................51 SECTION 3.08. 3.8 PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 DISTRIBUTION ACCOUNT....................................................................................52 SECTION 3.09. 3.9 MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 ......................................................................................53 SECTION 3.10. 3.10 ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 ........................................55 SECTION 3.11. 3.11 REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 ..................56 SECTION 3.12. 3.12 TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 ..................................................59 SECTION 3.13. DOCUMENTS, 3.13 DOCUMENTS RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 ..........60 SECTION 3.14. SERVICING COMPENSATION................................................................75 SECTION 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (First Horizon Asset Securities Inc)
Master Servicer to Service Mortgage Loans. 59 60 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 .............................61 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 ................61 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 ........................................................62 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 ; SUPPLEMENTAL LOAN ACCOUNT; CAPITALIZED INTEREST ACCOUNT..........62 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 ......................66 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 .............67 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 .........................................................67 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 ...............70 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 ................................71 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 SECTION 3.14. SERVICING COMPENSATION................................................................75 SECTION 3.15.;
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2005-59)
Master Servicer to Service Mortgage Loans. 59 54 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 55 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 55 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 56 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 56 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 59 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 60 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 ......................................................60 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 63 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 64 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 65 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 68 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 ...............................................................................69 SECTION 3.14. SERVICING COMPENSATION................................................................75 70 SECTION 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa2)
Master Servicer to Service Mortgage Loans. 59 54 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 .............................55 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 ................55 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 ........................................................56 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 .........................................................56 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 ......................59 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 .............60 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 .........................................................60 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 .......................................................................63 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 ................................64 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 ..........65 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 ..........................................68 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 ..............................................................................69 SECTION 3.14. SERVICING COMPENSATION................................................................75 ...................................................................70 SECTION 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa12)
Master Servicer to Service Mortgage Loans. 59 60 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 .............................61 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 ................61 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 ........................................................62 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 ...................................................................62 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 ......................65 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 .............66 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 .........................................................66 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 ...............69 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 ................................70 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 ..........71 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 ..........................................75 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 TRUSTEE.75 SECTION 3.14. SERVICING COMPENSATION................................................................75 SECTION 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Alternative Loan Trust 2006-Oa17)
Master Servicer to Service Mortgage Loans. 59 69 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS..........................60 .............................70 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER.............60 ................70 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER.....................................................61 ........................................................71 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND......................................................61 ...........................71 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS...................64 ......................74 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS..........65 ....................................................................................75 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND..................................................65 .........................................75 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES............68 .................................................................................78 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS.............................69 ................................79 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS.......70 ....................................................................................80 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES.......................................74 ..........................................83 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE. .........................................................................74 ..............................................................................84 SECTION 3.14. SERVICING COMPENSATION................................................................75 ...................................................................85 SECTION 3.15.
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