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Common use of Monitoring of Servicer Clause in Contracts

Monitoring of Servicer. 107- SECTION 4.04 Fidelity Bond...............................................................................-108- SECTION 4.05 Power to Act; Procedures....................................................................-108- SECTION 4.06 Due-on-Sale Clauses; Assumption Agreements..................................................-109- SECTION 4.07 Reserved....................................................................................-109- SECTION 4.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee.................................................................................-109- SECTION 4.09 Standard Hazard Insurance and Flood Insurance Policies......................................-110- SECTION 4.10 Presentment of Claims and Collection of Proceeds............................................-110- SECTION 4.11 Reserved....................................................................................-110- SECTION 4.12 Reserved....................................................................................-110- SECTION 4.13 Realization Upon Defaulted Mortgage Loans...................................................-110- SECTION 4.14 Compensation for the Master Servicer........................................................-111- SECTION 4.15 REO Property................................................................................-111- SECTION 4.16 Annual Officer's Certificate as to Compliance...............................................-111- SECTION 4.17 Annual Independent Accountant's Servicing Report............................................-112- SECTION 4.18 UCC.........................................................................................-112- SECTION 4.19 Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls..................................................................................-112-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Peoples Choice Home Loan Securities Trust Series 2004-1)

Monitoring of Servicer. 107- 94- SECTION 4.04 Fidelity Bond...............................................................................-108- ................................................................................-95- SECTION 4.05 Power to Act; Procedures....................................................................-108- .....................................................................-95- SECTION 4.06 Due-on-Sale Clauses; Assumption Agreements..................................................-109- ...................................................-96- SECTION 4.07 Reserved....................................................................................-109- .....................................................................................-96- SECTION 4.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee.................................................................................-109- ..................................................................................-96- SECTION 4.09 Standard Hazard Insurance and Flood Insurance Policies......................................-110- .......................................-97- SECTION 4.10 Presentment of Claims and Collection of Proceeds............................................-110- .............................................-97- SECTION 4.11 Reserved....................................................................................-110- .....................................................................................-97- SECTION 4.12 Reserved....................................................................................-110- Trustee to Retain Possession of Certain Insurance Policies and Documents ............................................................................................-97- SECTION 4.13 Realization Upon Defaulted Mortgage Loans...................................................-110- ....................................................-98- SECTION 4.14 Compensation for the Master Servicer........................................................-111- .........................................................-98- SECTION 4.15 REO Property................................................................................-111- .................................................................................-98- SECTION 4.16 Annual Officer's Certificate as to Compliance...............................................-111- ................................................-99- SECTION 4.17 Annual Independent Accountant's Servicing Report............................................-112- .............................................-99- SECTION 4.18 UCC.........................................................................................-112- -100- SECTION 4.19 Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls..................................................................................-112--100- SECTION 4.20 Reserved....................................................................................-100- SECTION 4.21 Prepayment Penalty Verification.............................................................-100-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ace Securities Corp Home Equity Loan Trust Series 2004 Fm1)

Monitoring of Servicer. 107- 86- SECTION 4.04 4.04. Fidelity Bond...............................................................................-108- ............................................ -87- SECTION 4.05 4.05. Power to Act; Procedures....................................................................-108- ................................. -87- SECTION 4.06 4.06. Due-on-Sale Clauses; Assumption Agreements..................................................-109- ............... -88- SECTION 4.07 4.07. Reserved....................................................................................-109- ................................................. -88- SECTION 4.08 4.08. Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee.................................................................................-109- ................... -88- SECTION 4.09 4.09. Standard Hazard Insurance and Flood Insurance Policies......................................-110- ... -89- SECTION 4.10 4.10. Presentment of Claims and Collection of Proceeds............................................-110- ......... -89- SECTION 4.11 Reserved....................................................................................-110- 4.11. Maintenance of the Primary Mortgage Insurance Policies... -89- SECTION 4.12 Reserved....................................................................................-110- 4.12. Trustee to Retain Possession of Certain Insurance Policies and Documents................................... -90- SECTION 4.13 4.13. Realization Upon Defaulted Mortgage Loans...................................................-110- ................ -90- SECTION 4.14 4.14. Compensation for the Master Servicer........................................................-111- ..................... -90- SECTION 4.15 4.15. REO Property................................................................................-111- ............................................. -90- SECTION 4.16 4.16. Annual Officer's Certificate as to Compliance...............................................-111- ............ -91- SECTION 4.17 4.17. Annual Independent Accountant's Servicing Report............................................-112- ......... -92- SECTION 4.18 4.18. UCC.........................................................................................-112- ...................................................... -92- SECTION 4.19 4.19. Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls..................................................................................-112-........................... -92- SECTION 4.20. Collection Account....................................... -92- SECTION 4.21. Prepayment Penalty Verification.......................... -93-

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Ace Securities Corp)

Monitoring of Servicer. 107- 104 SECTION 4.04 4.04. Fidelity Bond...............................................................................-108- ........................................................................105 SECTION 4.05 4.05. Power to Act; Procedures....................................................................-108- .............................................................105 SECTION 4.06 4.06. Due-on-Sale Clauses; Assumption Agreements..................................................-109- ...........................................106 SECTION 4.07 Reserved....................................................................................-109- SECTION 4.08 4.07. Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee.................................................................................-109- ..........................................................................107 SECTION 4.09 4.08. Standard Hazard Insurance and Flood Insurance Policies......................................-110- ...............................107 SECTION 4.10 4.09. Presentment of Claims and Collection of Proceeds............................................-110- .....................................107 SECTION 4.11 Reserved....................................................................................-110- 4.10. Maintenance of Primary Mortgage Insurance Policies...................................108 SECTION 4.12 Reserved....................................................................................-110- 4.11. Trustee to Retain Possession of Certain Insurance Policies and Documents.............108 SECTION 4.13 4.12. Realization Upon Defaulted Mortgage Loans...................................................-110- ............................................109 SECTION 4.14 4.13. Compensation for the Master Servicer........................................................-111- .................................................109 SECTION 4.15 4.14. REO Property................................................................................-111- .........................................................................109 SECTION 4.16 4.15. Annual Officer's Certificate as to Compliance...............................................-111- ........................................110 SECTION 4.17 4.16. Annual Independent Accountant's Servicing Report............................................-112- .....................................110 SECTION 4.18 4.17. UCC.........................................................................................-112- ..................................................................................111 SECTION 4.19 4.18. Obligation of the Master Servicer in Respect of Prepayment Interest Shortfalls..................................................................................-112-.......111 SECTION 4.19. Prepayment Penalty Verification......................................................111 ARTICLE V PAYMENTS TO CERTIFICATEHOLDERS...........................................................113 SECTION 5.01. Distributions........................................................................113 SECTION 5.02. Statements to Certificateholders.....................................................128 SECTION 5.03. Servicer Reports; P&I Advances.......................................................131 SECTION 5.04. Allocation of Realized Losses........................................................133

Appears in 1 contract

Samples: Pooling and Servicing Agreement (ACE Securities Corp Series 2004-He4)