Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) The definition of "Servicing Fee Rate" set forth in Article I shall be deleted in its entirety and replaced with the following:
Modification of the Servicing Agreement. The Servicer and Assignor hereby amend the Servicing Agreement with respect to the Assigned Loans as follows:
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) The second sentence of the first paragraph of Section 4.2 shall be deleted in its entirety and replaced with the following: “In the event that any payment due under any Mortgage Loan is not postponed pursuant to Section 4.1 and remains delinquent for a period of ninety (90) days or any other default continues for a period of ninety (90) days beyond the expiration of any grace or cure period, the Company shall commence foreclosure proceedings.”
(b) The language in Section 4.14 shall be deleted in its entirey and replaced with the following: The Company or its agent shall inspect the Mortgaged Property as often as deemed necessary by the Company in accordance with Accepted Servicing Practices or as may be required by the primary mortgage guaranty insurer, to assure itself that the value of the Mortgaged Property is being preserved. The Company shall keep a record of each such inspection and, upon request, shall provide the Purchaser with an electronic report of each such inspection.
(c) The language “(ii)” shall be deleted from Section 6.4(ii) and the language “the Purchaser and any Depositor” in the second line of such Section and the language “the Purchaser and such Depositor” in the third line of such Section shall be replaced with the language “the Master Servicer”.
(d) The language “the Purchaser and any Depositor” and the language “the Purchaser and such Depositor” occurring throughout Section 6.6 shall be deleted and replaced with the language “the Master Servicer”.
(e) The phrase “With respect to any Mortgage Loans that are the subject of a Securitization Transaction occurring on” in the first sentence of the first paragraph of Section 6.6 shall be deleted in its entirety and shall be replaced with “On”.
(f) Section 10.1(ii) shall be deleted in its entirety and replaced with the following: “(ii) failure by the Company duly to observe or perform in any material respect any other of the covenants or agreements on the part of the Company set forth in this Agreement which continues unremedied for a period of thirty (30) days (fifteen (15) days in the case of Section 6.4 and 6.6) after the date on which written notice of such failure, requiring the same to be remedied, shall have been given to the Company by the Purchaser or by the Custodian; or”
(g) Exhibit I shall be deleted in its entirety and be replaced with a new “Ex...
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) The definition of “Business Day” set forth in Article I shall be deleted in its entirety and replaced with the following:
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) a new section, Section 11, will be added immediately following Subsection 10.07 which shall read as follows:
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) a new defined term "Determination Date" will be added to Article I after the term "Deboarding Fee" as follows:
Modification of the Servicing Agreement. The Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) The following definitions are added to Section 1.01: Commission: The United States Securities and Exchange Commission.
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) a new definition of “Privacy Laws” will be added in the appropriate alphabetical order which shall read as follows:
Modification of the Servicing Agreement. The Servicer and TRHT hereby amend the Servicing Agreement as follows: The following definitions are added to Article I: Indenture Trustee: Wachovia Bank, National Association.
Modification of the Servicing Agreement. Only in so far as it relates to the Mortgage Loans, the Servicer and the Assignor hereby amend the Servicing Agreement as follows:
(a) Beginning with the sixth sentence in the second paragraph of Subsection 11.13 through the end of such paragraph, such language shall be deleted in its entirety and replaced with the following: "The Company shall use its best efforts to dispose of the REO Property as soon as possible and shall sell such REO Property in any event within one year after title has been taken to such REO Property, unless (i) a REMIC election has not been made with respect to the arrangement under which the Mortgage Loans and the REO Property are held, and (ii) the Company determines, and gives an appropriate notice to the Purchaser to such effect, that a longer period is necessary for the orderly liquidation of such REO Property; provided however, that the Company agrees not to sell or dispose of any such Mortgage Loan to a person who acquires such Mortgage Loan using a purchase money mortgage. If a period longer than one year is permitted under the foregoing sentence and is necessary to sell any REO Property, the Company shall report monthly to the Purchaser as to the progress being made in selling such REO Property, and provided further, that if the Company is unable to sell such REO Property within three years of acquisition, the Company shall obtain an extension from the Internal Revenue Servicer."
(b) a new section, Section 33, will be added immediately following Section 32 which shall read as follows:
