Monitoring of Servicers. 58 Section 3.04 Fidelity Bond.....................................................................59 Section 3.05 Power to Act; Procedures..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Section 3.07 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 Section 3.15
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST MLMI Series 2005-A1), Pooling and Servicing Agreement (MERRILL LYNCH MORT INV TRUST MLMI Series 2005-A1)
Monitoring of Servicers. 58 56 Section 3.04 Fidelity Bond.....................................................................59 ................................................57 Section 3.05 Power to Act; Procedures..........................................................59 .....................................57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ...................58 Section 3.07 Release of Mortgage Files.........................................................60 ....................................58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ..............................59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .......60 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 .............60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .......61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .......................................61 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ....................62 Section 3.14 Compensation for the Master Servicer..............................................64 .........................62 Section 3.15
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 8), Pooling and Servicing Agreement (Structured Asset Mort Inv Ii Inc Bear Stearns Alt a Tr 04 8)
Monitoring of Servicers. 58 71 Section 3.04 Fidelity Bond.....................................................................59 ........................................... 72 Section 3.05 Power to Act; Procedures..........................................................59 ................................ 72 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .............. 73 Section 3.07 Release of Mortgage Files.........................................................60 [Reserved].............................................. 73 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ......................... 74 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .. 74 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ........ 75 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .. 75 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .................................. 75 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ............... 76 Section 3.14 Compensation for the Master Servicer..............................................64 .................... 76 Section 3.15
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4), Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar4)
Monitoring of Servicers. 58 78 Section 3.04 Fidelity Bond.....................................................................59 Bond .......................................... 79 Section 3.05 Power to Act; Procedures..........................................................59 Procedures ............................... 79 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Agreements ............. 80 Section 3.07 Release of Mortgage Files.........................................................60 Files .............................. 80 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Trustee ........................ 81 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Policies . 82 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Proceeds ....... 82 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Policies ............................................... 83 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Documents ................................. 83 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Loans .............. 84 Section 3.14 Compensation for the Master Servicer..............................................64 Servicer ................... 84 Section 3.15
Appears in 2 contracts
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-F1), Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-F1)
Monitoring of Servicers. 58 121 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................123 Section 3.04 Fidelity Bond.....................................................................59 Access to Certain Documentation...........................................................124 Section 3.05 Power to Act; Procedures..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Section 3.07 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Policy; Claims..................................124 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 .....................................................................125 Section 3.153.07 Trustee to Act as Master Servicer.........................................................125 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................125 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Accounts, Certificate Account and Cap Carryover Reserve Account...............................................126 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans..............
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-4 Trust)
Monitoring of Servicers. 58 40 Section 3.04 Fidelity Bond.....................................................................59 .......................................................................41 Section 3.05 Power to Act; Procedures..........................................................59 ............................................................41 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ..........................................42 Section 3.07 Release of Mortgage Files.........................................................60 ...........................................................42 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .............................................................................43 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ..............................44 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ....................................44 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ..............................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ............45 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ...........................................46 Section 3.14 Compensation for the Master Servicer..............................................64 ................................................46 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pas THR Certs Ser 2003-3)
Monitoring of Servicers. 58 78 Section 3.04 4.04 Fidelity Bond.....................................................................59 .......................................................................79 Section 3.05 4.05 Power to Act; Procedures..........................................................59 ............................................................79 Section 3.06 4.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ..........................................80 Section 3.07 4.07 Release of Mortgage Files.........................................................60 ...........................................................80 Section 3.08 4.08 Documents, Records and Funds in Possession of Master Servicer, Company and Servicer To Be Held for Trustee............................................................61 ..........................................................81 Section 3.09 4.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ..............................82 Section 3.10 4.10 Presentment of Claims and Collection of Proceeds..................................63 ....................................83 Section 3.11 4.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ..............................83 Section 3.12 4.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Documents ............................................................................................83 Section 3.13 4.13 Realization Upon Defaulted Mortgage Loans.........................................64 ...........................................84 Section 3.14 4.14 Compensation for the Master Servicer..............................................64 ................................................84 Section 3.154.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Certificates Series 2002-Ac4)
Monitoring of Servicers. 58 90 Section 3.04 Fidelity Bond.....................................................................59 ........................................... 91 Section 3.05 Power to Act; Procedures..........................................................59 ................................ 91 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .............. 92 Section 3.07 Release of Mortgage Files.........................................................60 ............................... 92 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ......................... 93 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .. 94 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ........ 94 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .. 95 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .................................. 95 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ............... 95 Section 3.14 Compensation for the Master Servicer..............................................64 .................... 96 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-A2)
Monitoring of Servicers. 58 75 Section 3.04 Fidelity Bond.....................................................................59 ......................................................................... 76 Section 3.05 Power to Act; Procedures..........................................................59 .............................................................. 76 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ............................................ 77 Section 3.07 Release of Mortgage Files.........................................................60 [Reserved]............................................................................ 77 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ............................................................................... 77 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ................................ 78 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...................................... 78 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ................................ 78 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .............. 79 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ............................................. 79 Section 3.14 Compensation for the Master Servicer..............................................64 .................................................. 79 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar1)
Monitoring of Servicers. 58 45 Section 3.04 Fidelity Bond.....................................................................59 ..............................................................................46 Section 3.05 Power to Act; Procedures..........................................................59 ...................................................................46 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .................................................47 Section 3.07 Release of Mortgage Files.........................................................60 ..................................................................47 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ...................................................................48 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .....................................49 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...........................................50 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .....................................50 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ...................50 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ..................................................51 Section 3.14 Compensation for the Master Servicer..............................................64 .......................................................51 Section 3.15
Appears in 1 contract
Monitoring of Servicers. 58 56 Section 3.04 Fidelity Bond.....................................................................59 ...................................................................................................... 57 Section 3.05 Power to Act; Procedures..........................................................59 ........................................................................................... 57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ......................................................................... 58 Section 3.07 Release of Mortgage Files.........................................................60 .......................................................................................... 58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ............................... 59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ............................................................. 60 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ................................................................... 60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ............................................................. 61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ........................................... 61 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .......................................................................... 62 Section 3.14 Compensation for the Master Servicer..............................................64 ............................................................................... 62 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2002-11)
Monitoring of Servicers. 58 49 Section 3.04 Fidelity Bond.....................................................................59 ..............................................................................50 Section 3.05 Power to Act; Procedures..........................................................59 ...................................................................50 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .................................................51 Section 3.07 Release of Mortgage Files.........................................................60 ..................................................................51 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .......52 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .....................................53 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...........................................54 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .....................................54 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ...................54 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ..................................................55 Section 3.14 Compensation for the Master Servicer..............................................64 .......................................................55 Section 3.15
Appears in 1 contract
Monitoring of Servicers. 58 40 Section 3.04 3.4 Fidelity Bond.....................................................................59 .....................................................................................41 Section 3.05 3.5 Power to Act; Procedures..........................................................59 ..........................................................................41 Section 3.06 3.6 Due-on-Sale Clauses; Assumption Agreements........................................60 ........................................................42 Section 3.07 3.7 Release of Mortgage Files.........................................................60 .........................................................................42 Section 3.08 3.8 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ..............43 Section 3.09 3.9 Standard Hazard Insurance and Flood Insurance Policies............................62 ............................................44 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 .................................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ...........................................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .........................46 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .................................................................46 Section 3.14 Compensation for the Master Servicer..............................................64 Section 3.15.............................................................46
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities Inc)
Monitoring of Servicers. 58 41 Section 3.04 Fidelity Bond.....................................................................59 .................................................................................42 Section 3.05 Power to Act; Procedures..........................................................59 ......................................................................42 Section 3.06 Due-on---Sale Clauses; Assumption Agreements........................................60 ......................................................43 Section 3.07 Release on of Mortgage Files.........................................................60 ..................................................................43 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ..........44 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ........................................45 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ..............................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ........................................46 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ......................46 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .....................................................46 Section 3.14 Compensation for the Master Servicer..............................................64 ..........................................................47 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Monitoring of Servicers. 58 61 Section 3.04 Fidelity Bond.....................................................................59 .........................................................................62 Section 3.05 Power to Act; Procedures..........................................................59 ..............................................................62 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ............................................63 Section 3.07 Release of Mortgage Files.........................................................60 .............................................................63 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ...........................................................................64 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ................................65 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ......................................65 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ................................66 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ..............66 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .............................................66 Section 3.14 Compensation for the Master Servicer..............................................64 ..................................................67 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-9)
Monitoring of Servicers. 58 45 Section 3.04 Fidelity Bond.....................................................................59 ..................................................46 Section 3.05 Power to Act; Procedures..........................................................59 .......................................46 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .....................47 Section 3.07 Release of Mortgage Files.........................................................60 ......................................47 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ................................48 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .........49 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...............49 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .........49 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ..................................................50 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ......................50 Section 3.14 Compensation for the Master Servicer..............................................64 ...........................50 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pass THR Certs Ser 2003-1)
Monitoring of Servicers. 58 59 Section 3.03 Fidelity Bond; Errors and Omissions Insurance............ 61 Section 3.04 Fidelity Bond.....................................................................59 Access to Certain Documentation.......................... 61 Section 3.05 Power to ActMaintenance of Primary Mortgage Insurance Policy; Procedures..........................................................59 Claims........................................ 62 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the Master Servicer......... 63 Section 3.07 Release Trustee to Act as Master Servicer........................ 63 Section 3.08 Servicer Custodial Accounts and Escrow Accounts.......... 63 Section 3.09 Collection of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Loan Payments; Master Servicer To Be Held for Trustee............................................................61 Custodial Account and Certificate Account............. 64 Section 3.09 Standard 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans.................................... 67 Section 3.11 Permitted Withdrawals from the Certificate Account and the Master Servicer Custodial Account................. 67 Section 3.12 Maintenance of Hazard Insurance and Flood Insurance Policies............................62 Other Insurance...... 68 Section 3.10 3.13 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 Section 3.15......... 69
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2006-2 Trust)
Monitoring of Servicers. 58 41 Section 3.04 Fidelity Bond.....................................................................59 .........................................................................42 Section 3.05 Power to Act; Procedures..........................................................59 ..............................................................42 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ............................................43 Section 3.07 Release of Mortgage Files.........................................................60 .............................................................43 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .................................................................................................44 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ................................45 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ......................................45 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ................................46 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ..............46 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .............................................47 Section 3.14 Compensation for the Master Servicer..............................................64 ..................................................47 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Bear Stearns Arm Trust 2002-10)
Monitoring of Servicers. 58 47 Section 3.04 Fidelity Bond.....................................................................59 .........................................................................48 Section 3.05 Power to Act; Procedures..........................................................59 ..............................................................48 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ............................................49 Section 3.07 Release of Mortgage Files.........................................................60 .............................................................49 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ..........................................................................................................50 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ................................51 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ......................................51 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ................................51 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ..............52 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 .............................................52 Section 3.14 Compensation for the Master Servicer..............................................64 ..................................................52 Section 3.15
Appears in 1 contract
Samples: Servicing Agreement (Bear Stearns Arm Trust 2002-7)
Monitoring of Servicers. 58 101 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................103 Section 3.04 Fidelity Bond.....................................................................59 Access to Certain Documentation...........................................................104 Section 3.05 Power to Act; Procedures..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Section 3.07 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Policy; Claims..................................104 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 ............................................................105 Section 3.153.07 Trustee to Act as Master Servicer.........................................................105 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................105 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Account, Certificate Account, Cap Carryover Reserve Account, Class 1- A-1 Reserve Fund and Interest Rate Cap Agreement..........................................106 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans............................................................................111
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-1 Trust)
Monitoring of Servicers. 58 46 Section 3.04 Fidelity Bond.....................................................................59 ..............................................................................48 Section 3.05 Power to Act; Procedures..........................................................59 ...................................................................48 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .................................................49 Section 3.07 Release of Mortgage Files.........................................................60 ..................................................................49 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be to be Held for Trustee............................................................61 .......50 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .....................................50 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...........................................51 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .....................................51 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ...................52 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ..................................................52 Section 3.14 Compensation for the Master Servicer..............................................64 .......................................................52 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Ii Inc)
Monitoring of Servicers. 58 43 Section 3.04 Fidelity Bond.....................................................................59 ....................................................................44 Section 3.05 Power to Act; Procedures..........................................................59 .........................................................44 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .......................................45 Section 3.07 Release of Mortgage Files.........................................................60 ........................................................45 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ...................................................................................46 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ...........................47 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 .................................47 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ...........................47 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Documents ..................................................................................................48 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ........................................48 Section 3.14 Compensation for the Master Servicer..............................................64 .............................................49 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mortgage Investments Inc)
Monitoring of Servicers. 58 73 Section 3.03 Fidelity Bond; Errors and Omissions Insurance..............................................75 Section 3.04 Fidelity Bond.....................................................................59 Access to Certain Documentation............................................................75 Section 3.05 Power to Act; Procedures..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Section 3.07 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Policy; Claims...................................75 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee to Retain Possession in Respect of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 ........................................................................76 Section 3.153.07 Trustee to Act as Master Servicer..........................................................76 Section 3.08 Servicer Custodial Accounts and Escrow Accounts............................................77 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Account, Certificate Account and Rate Cap Carryover Reserve Account.............................................77 Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans...............81 Section 3.11 Permitted Withdrawals from the Certificate Account and the Master Servicer Custodial Account..........................................................................81
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding Corp)
Monitoring of Servicers. 58 40 Section 3.04 Fidelity Bond.....................................................................59 .......................................................................41 Section 3.05 Power to Act; Procedures..........................................................59 ............................................................41 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ..........................................42 Section 3.07 Release of Mortgage Files.........................................................60 ...........................................................42 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ........................................................................................................43 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 ..............................44 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ....................................44 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 ..............................45 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ............45 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ...........................................46 Section 3.14 Compensation for the Master Servicer..............................................64 ................................................46 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Structured Asset Mort Inv Inc Mort Pass THR Cert Ser 2002-2)
Monitoring of Servicers. 58 64 Section 3.04 Fidelity Bond.....................................................................59 3.04. [Reserved].................................................65 Section 3.05 3.05. Power to Act; Procedures..........................................................59 ...................................65 Section 3.06 3.06. Due-on-Sale Clauses; Assumption Agreements........................................60 .................66 Section 3.07 3.07. Release of Mortgage Files.........................................................60 ..................................66 Section 3.08 3.08. Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee............................................................61 .....................67 Section 3.09 Standard 3.09. Maintenance of Hazard Insurance and Flood Insurance PoliciesInsurance............................62 67 Section 3.10 3.10. Presentment of Claims and Collection of Proceeds..................................63 ...........68 Section 3.11 3.11. Maintenance of the Primary Mortgage Insurance Policies............................63 .....68 Section 3.12 Trustee 3.12. Custodian to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .....................................68 Section 3.13 3.13. Realization Upon Defaulted Mortgage Loans.........................................64 ..................69 Section 3.14 3.14. Compensation for the Servicers and the Master Servicer..............................................64 .....69 Section 3.15.
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities Trust 2007-Sd2)
Monitoring of Servicers. 58 55 Section 3.04 Fidelity Bond.....................................................................59 ..............................................................................55 Section 3.05 Power to Act; Procedures..........................................................59 ...................................................................57 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .................................................58 Section 3.07 Release of Mortgage Files.........................................................60 ..................................................................58 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .......59 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .....................................60 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...........................................60 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .....................................61 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ...................61 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ..................................................62 Section 3.14 Compensation for the Master Servicer..............................................64 .......................................................62 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns ARM Trust, Series 2005-1)
Monitoring of Servicers. 58 145 Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................147 Section 3.04 Fidelity Bond.....................................................................59 Access to Certain Documentation...........................................................147 Section 3.05 Power to Act; Procedures..........................................................59 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Section 3.07 Release of Mortgage Files.........................................................60 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Policy; Claims..................................148 Section 3.12 3.06 Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the Master Servicers........................................................................149 Section 3.07 Trustee to Retain Possession Act as Master Servicer.........................................................149 Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................150 Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Accounts, Certificate Account and Cap Carryover Reserve Account...............................................151 Section 3.10 Access to Certain Insurance Policies Documentation and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Information Regarding the Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 Section 3.15..............
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Banc of America Funding 2007-3 Trust)
Monitoring of Servicers. 58 54 Section 3.04 Fidelity Bond.....................................................................59 ........................................... 55 Section 3.05 Power to Act; Procedures..........................................................59 ................................ 55 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .............. 56 Section 3.07 Release of Mortgage Files.........................................................60 ............................... 56 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ......................... 57 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .. 58 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ........ 58 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .. 59 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 .................................. 59 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ............... 60 Section 3.14 Compensation for the Master Servicer..............................................64 .................... 60 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-A1)
Monitoring of Servicers. 58 75 Section 3.04 Fidelity Bond.....................................................................59 ......................................... 76 Section 3.05 Power to Act; Procedures..........................................................59 .............................. 76 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 ............ 77 Section 3.07 Release of Mortgage Files.........................................................60 [Reserved]............................................ 77 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 ....................... 77 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .............................................. 78 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...... 78 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .............................................. 78 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ................................ 79 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ............. 79 Section 3.14 Compensation for the Master Servicer..............................................64 .................. 79 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Merrill Lynch Alternative Note Asset Trust, Series 2007-Oar3)
Monitoring of Servicers. 58 48 Section 3.04 3.4 Fidelity Bond.....................................................................59 ..............................................................................49 Section 3.05 3.5 Power to Act; Procedures..........................................................59 ...................................................................49 Section 3.06 3.6 Due-on-Sale Clauses; Assumption Agreements........................................60 .................................................50 Section 3.07 3.7 Release of Mortgage Files.........................................................60 ..................................................................50 Section 3.08 3.8 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .......51 Section 3.09 3.9 Standard Hazard Insurance and Flood Insurance Policies............................62 .....................................52 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...........................................53 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .....................................53 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ...................53 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ...........................................................54 Section 3.14 Compensation for the Master Servicer..............................................64 .......................................................54 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Deutsche Alt-a Securities, Inc. Mortgage Loan Trust, Series 2005-1)
Monitoring of Servicers. 58 61 Section 3.04 Fidelity Bond.....................................................................59 ..................................................62 Section 3.05 Power to Act; Procedures..........................................................59 .......................................62 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 .....................63 Section 3.07 Release of Mortgage Files.........................................................60 ......................................63 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 .........................................64 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 .........65 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 ...............65 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 .........66 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 ..................................................66 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 ......................66 Section 3.14 Compensation for the Master Servicer..............................................64 ...........................67 Section 3.15
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Bear Stearns Arm Trust Mort Pass THR Certs Ser 2003-8)
Monitoring of Servicers. 58 49 Section 3.04 Fidelity Bond.....................................................................59 Bond ................................................................. 50 Section 3.05 Power to Act; Procedures..........................................................59 Procedures ...................................................... 51 Section 3.06 Due-on-Sale Clauses; Assumption Agreements........................................60 Agreements .................................... 52 Section 3.07 Release of Mortgage Files.........................................................60 Files ..................................................... 52 Section 3.08 Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................61 Trust. ............................................................ 53 Section 3.09 Standard Hazard Insurance and Flood Insurance Policies............................62 Policies ........................ 53 Section 3.10 Presentment of Claims and Collection of Proceeds..................................63 Proceeds .............................. 54 Section 3.11 Maintenance of the Primary Mortgage Insurance Policies............................63 Section 3.12 Trustee to Retain Possession of Certain Insurance Policies and Documents.....................................................................63 Section 3.13 Realization Upon Defaulted Mortgage Loans.........................................64 Section 3.14 Compensation for the Master Servicer..............................................64 Section 3.15........................ 54
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Thornburg Mortgage Inc)