Common use of Master Servicer to Service Mortgage Loans Clause in Contracts

Master Servicer to Service Mortgage Loans. 69 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 60 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 61 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 61 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 62 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 ; SUPPLEMENTAL LOAN ACCOUNT; CAPITALIZED INTEREST ACCOUNT..........62 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 66 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 .............67 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 .........................................................67 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 ...............70 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 71 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.;

Master Servicer to Service Mortgage Loans. 69 54 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 55 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 55 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 56 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 .........................................................56 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 59 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 .............60 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 .........................................................60 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 .......................................................................63 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 64 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 ..........65 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 68 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 69 SECTION 3.14. SERVICING COMPENSATION...................................................................85 70 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 59 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 ..........................60 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 .............60 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 .....................................................61 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 ......................................................61 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 ...................64 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 ..........65 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 ..................................................65 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 ............68 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 .............................69 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 .......70 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 .......................................74 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 . .........................................................................74 SECTION 3.14. SERVICING COMPENSATION...................................................................85 ................................................................75 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 54 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 ..........................55 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 .............55 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 .....................................................56 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 ......................................................56 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 ...................59 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 ..........60 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 ......................................................60 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 ............63 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 .............................64 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 .......65 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 .......................................68 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 ...............................................................................69 SECTION 3.14. SERVICING COMPENSATION...................................................................85 ................................................................70 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 SECTION 3.02. SUBSERVICINGSubservicing; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 Enforcement of the Obligations of Subservicers...........................................44 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 Rights of the Depositor and the Trustee in Respect of the Master Servicer.................................44 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 Trustee to Act as Master Servicer......................45 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTSCollection of Mortgage Loan Payments; CERTIFICATE ACCOUNTCertificate Account; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 Distribution Account..........................45 SECTION 3.06. COLLECTION OF TAXESCollection of Taxes, ASSESSMENTS AND SIMILAR ITEMSAssessments and Similar Items; ESCROW ACCOUNTS......................74 Escrow Accounts.................................48 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 Access to Certain Documentation and Information Regarding the Mortgage Loans...........................49 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 Permitted Withdrawals from the Certificate Account and the Distribution Account...........................49 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCEMaintenance of Hazard Insurance; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 Maintenance of Primary Insurance Policies.............................51 SECTION 3.10. ENFORCEMENT OF DUEEnforcement of Due-ONon-SALE CLAUSESSale Clauses; ASSUMPTION AGREEMENTS................................79 Assumption Agreements.............................................52 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANSRealization Upon Defaulted Mortgage Loans; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 Repurchase of Certain Mortgage Loans...................53 SECTION 3.12. TRUSTEE TO COOPERATETrustee to Cooperate; RELEASE OF MORTGAGE FILES..........................................83 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.Release of Mortgage Files........57

Master Servicer to Service Mortgage Loans. 69 III-1 SECTION 3.02. SUBSERVICINGSubservicing; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 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..............IV-1 SECTION 4.01. Advances......................................IV-1 SECTION 4.02. Priorities 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................70 IV-12 SECTION 3.044.06. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 Monthly Statements to Certificateholders.....IV-13 SECTION 3.054.07. COLLECTION OF MORTGAGE LOAN PAYMENTSDetermination 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; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 Registration of Transfer and Exchange of Certificates..........V-1 SECTION 3.065.03. COLLECTION OF TAXESMutilated, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 Destroyed, Lost or Stolen Certificates...................................V-5 SECTION 3.075.04. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 Persons Deemed Owners..........................V-6 SECTION 3.085.05. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 Access to List of Certificateholders' Names and Addresses..................................V-6 SECTION 3.095.06. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.Maintenance of Office or Agency................V-6

Master Servicer to Service Mortgage Loans. 69 SECTION III-1 Section 3.02. SUBSERVICINGSubservicing; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 SECTION Enforcement of the Obligations of Servicers.......................................III-2 Section 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 SECTION Successor Servicers................................III-2 Section 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 SECTION Liability of the Master Servicer...................III-3 Section 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 SECTION No Contractual Relationship Between Servicers and the Trustee...................................III-3 Section 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 SECTION Rights of the Depositor and the Trustee in Respect of the Master Servicer....................III-3 Section 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 SECTION Trustee to Act as Master Servicer.................III-3 Section 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNTCollection of Mortgage Loan Payments; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 SECTION Servicing Accounts; Collection Account; Certificate Account; Distribution Account..............................III-4 Section 3.09. MAINTENANCE OF HAZARD INSURANCECollection of Taxes, Assessments and Similar Items; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 SECTION Escrow Accounts............................III-7 Section 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 SECTION Access to Certain Documentation and Information Regarding the Mortgage Loans......................III-8 Section 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 SECTION Permitted Withdrawals from the Certificate Account and the Distribution Account..............III-9 Section 3.12. TRUSTEE TO COOPERATEMaintenance of Hazard Insurance; RELEASE OF MORTGAGE FILES..........................................83 SECTION Maintenance of Primary Insurance Policies....................III-10 Section 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 SECTION Enforcement of Due-On-Sale Clauses; Assumption Agreements.......................................III-12 Section 3.14. SERVICING COMPENSATION...................................................................85 SECTION Realization Upon Defaulted Mortgage Loans; Repurchase of Certain Mortgage Loans.............III-13 Section 3.15.. Trustee to Cooperate; Release of Mortgage Files............................................

Master Servicer to Service Mortgage Loans. 69 III-1 SECTION 3.02. SUBSERVICINGSubservicing; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 Enforcement of the Obligations of Servicers. ...................................III-2 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 Rights of the Depositor and the Trustee in Respect of the Master Servicer...................III-2 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 Trustee to Act as Master Servicer................III-2 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTSCollection of Mortgage Loan Payments; CERTIFICATE ACCOUNTCertificate Account; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 Distribution Account........III-3 SECTION 3.06. COLLECTION OF TAXESCollection of Taxes, ASSESSMENTS AND SIMILAR ITEMSAssessments and Similar Items; ESCROW ACCOUNTS......................74 Escrow Accounts...........................III-5 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 Access to Certain Documentation and Information Regarding the Mortgage Loans.....................III-6 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 Permitted Withdrawals from the Certificate Account and the Distribution Account.....................III-6 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCEMaintenance of Hazard Insurance; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 Maintenance of Primary Insurance Policies....................III-8 SECTION 3.10. ENFORCEMENT OF DUEEnforcement of Due-ONon-SALE CLAUSESSale Clauses; ASSUMPTION AGREEMENTS................................79 Assumption Agreements............................III-9 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANSRealization Upon Defaulted Mortgage Loans; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 Repurchase of Certain Mortgage Loans............III-10 SECTION 3.12. TRUSTEE TO COOPERATETrustee to Cooperate; RELEASE OF MORTGAGE FILES..........................................83 Release of Mortgage Files..................................III-13 SECTION 3.13. DOCUMENTSDocuments, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 Records and Funds in Possession of Master Servicer to be Held for the Trustee...III-14 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 60 SECTION 3.02. SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 61 SECTION 3.03. RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 61 SECTION 3.04. TRUSTEE TO ACT AS MASTER SERVICER........................................................71 62 SECTION 3.05. COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 ...................................................................62 SECTION 3.06. COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 65 SECTION 3.07. ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 .............66 SECTION 3.08. PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 .........................................................66 SECTION 3.09. MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 ...............69 SECTION 3.10. ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 70 SECTION 3.11. REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 ..........71 SECTION 3.12. TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 75 SECTION 3.13. DOCUMENTS, RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 TRUSTEE.75 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.

Master Servicer to Service Mortgage Loans. 69 45 SECTION 3.02. 3.2 SUBSERVICING; ENFORCEMENT OF THE OBLIGATIONS OF SUBSERVICERS.............................70 SERVICERS.........................................46 SECTION 3.03. 3.3 RIGHTS OF THE DEPOSITOR AND THE TRUSTEE IN RESPECT OF THE MASTER SERVICER................70 .........................47 SECTION 3.04. 3.4 TRUSTEE TO ACT AS MASTER SERVICER........................................................71 .................................................................47 SECTION 3.05. 3.5 COLLECTION OF MORTGAGE LOAN PAYMENTS; CERTIFICATE ACCOUNT; DISTRIBUTION ACCOUNT; CAPITALIZED INTEREST ACCOUNT; CARRYOVER SHORTFALL RESERVE FUND...........................71 ...................47 SECTION 3.06. 3.6 COLLECTION OF TAXES, ASSESSMENTS AND SIMILAR ITEMS; ESCROW ACCOUNTS......................74 ...............................51 SECTION 3.07. 3.7 ACCESS TO CERTAIN DOCUMENTATION AND INFORMATION REGARDING THE MORTGAGE LOANS....................................................................................75 ......................51 SECTION 3.08. 3.8 PERMITTED WITHDRAWALS FROM THE CERTIFICATE ACCOUNT; THE DISTRIBUTION ACCOUNT AND THE CARRYOVER SHORTFALL RESERVE FUND.........................................75 DISTRIBUTION ACCOUNT....................................................................................52 SECTION 3.09. 3.9 MAINTENANCE OF HAZARD INSURANCE; MAINTENANCE OF PRIMARY INSURANCE POLICIES.................................................................................78 ......................................................................................53 SECTION 3.10. 3.10 ENFORCEMENT OF DUE-ON-SALE CLAUSES; ASSUMPTION AGREEMENTS................................79 ........................................55 SECTION 3.11. 3.11 REALIZATION UPON DEFAULTED MORTGAGE LOANS; REPURCHASE OF CERTAIN MORTGAGE LOANS....................................................................................80 ..................56 SECTION 3.12. 3.12 TRUSTEE TO COOPERATE; RELEASE OF MORTGAGE FILES..........................................83 ..................................................59 SECTION 3.13. DOCUMENTS, 3.13 DOCUMENTS RECORDS AND FUNDS IN POSSESSION OF MASTER SERVICER TO BE HELD FOR THE TRUSTEE..............................................................................84 ..........60 SECTION 3.14. SERVICING COMPENSATION...................................................................85 SECTION 3.15.