Common use of Option to Substitute Clause in Contracts

Option to Substitute. 38 ARTICLE IV THE CERTIFICATES..............................................................................39 Section 4.01. The Certificates.................................................................39 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 Section 4.04. Persons Deemed Owners............................................................44 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46

Option to Substitute. 38 115 ARTICLE IV THE CERTIFICATES..............................................................................39 ............................................... 116 Section 4.01. 4.01 The Certificates.................................................................39 ......................................... 116 Section 4.02. 4.02 Registration of Transfer and Exchange of Certificates............................41 .... 119 Section 4.03. 4.03 Mutilated, Destroyed, Lost or Stolen Certificates................................44 ........ 123 Section 4.04. 4.04 Persons Deemed Owners............................................................44 .................................... 123 Section 4.05. 4.05 Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account.................................44 ...................................... 124 Section 4.06. 4.06 Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46.................................... 124

Option to Substitute. 38 56 ARTICLE IV THE CERTIFICATES..............................................................................39 ..........................................................................56 Section 4.01. 4.01 The Certificates.................................................................39 56 Section 4.02. 4.02 Registration of Transfer and Exchange of Certificates............................41 58 Section 4.03. 4.03 Mutilated, Destroyed, Lost or Stolen Certificates................................44 62 Section 4.04. 4.04 Persons Deemed Owners............................................................44 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................4662

Option to Substitute. 38 39 ARTICLE IV THE CERTIFICATES..............................................................................39 Section 4.01. The Certificates.................................................................39 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 Section 4.04. Persons Deemed Owners............................................................44 45 Section 4.05. Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46.......45

Option to Substitute. 38 ARTICLE IV THE CERTIFICATES........................................................................................................................................................39 Section 4.01. The Certificates.................................................................39 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 Section 4.04. Persons Deemed Owners............................................................44 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................4644

Option to Substitute. 38 ARTICLE 49 Article IV THE CERTIFICATES..............................................................................39 CERTIFICATES Section 4.01. The Certificates.................................................................39 ..........................................................................51 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 .....................................51 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 . .......................................55 Section 4.04. Persons Deemed Owners............................................................44 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46.....................................................................56

Option to Substitute. 38 41 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................42 Section 4.01. The Certificates.................................................................39 ......................................................................42 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 .................................44 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 .....................................47 Section 4.04. Persons Deemed Owners............................................................44 .................................................................48 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 ......................................48 Section 4.06. Authenticating Agents............................................................45 .................................................................49 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V

Option to Substitute. 38 48 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................50 Section 4.01. The Certificates.................................................................39 ..................................................................50 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 .............................52 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 .................................55 Section 4.04. Persons Deemed Owners............................................................44 .............................................................56 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 ..................................56 Section 4.06. Authenticating Agents............................................................45 .............................................................57 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V

Option to Substitute. 38 39 ARTICLE IV THE CERTIFICATES........................................................................................................................................................39 Section 4.01. The Certificates.................................................................39 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 Section 4.04. Persons Deemed Owners............................................................44 45 Section 4.05. Appointment of Paying Agent, Certificate Registrar and Backup Advancer; Certificate Account.................................44 ..............................................................45 Section 4.06. Authenticating Agents............................................................45 46 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46............................................47

Option to Substitute. 38 ARTICLE IV THE CERTIFICATES...............................................................................................................................................................................39 Section 4.01. The Certificates.................................................................39 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 45 Section 4.04. Persons Deemed Owners............................................................44 45 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 45 Section 4.06. Authenticating Agents............................................................45 46 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46...................................................................47

Option to Substitute. 38 37 ARTICLE IV THE CERTIFICATES..............................................................................39 38 Section 4.01. The Certificates.................................................................39 38 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 40 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 43 Section 4.04. Persons Deemed Owners............................................................44 43 Section 4.05. Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account.................................44 Section 4.06. Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46.......43

Option to Substitute. 38 42 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................43 Section 4.01. The Certificates.................................................................39 ......................................................................43 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 .................................45 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 .....................................48 Section 4.04. Persons Deemed Owners............................................................44 .................................................................49 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 ......................................49 Section 4.06. Authenticating Agents............................................................45 .................................................................50 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V

Option to Substitute. 38 56 ARTICLE IV THE CERTIFICATES..............................................................................39 ............................................... 56 Section 4.01. 4.01 The Certificates.................................................................39 ......................................... 58 Section 4.02. 4.02 Registration of Transfer and Exchange of Certificates............................41 .... 59 Section 4.03. 4.03 Mutilated, Destroyed, Lost or Stolen Certificates................................44 ........ 62 Section 4.04. 4.04 Persons Deemed Owners............................................................44 .................................... 63 Section 4.05. 4.05 Appointment of Paying AgentAgent and Certificate Registrar; Certificate Account.................................44 ...................................... 63 Section 4.06. 4.06 Authenticating Agents............................................................45 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46.................................... 64

Option to Substitute. 38 55 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................56 Section 4.01. The Certificates.................................................................39 .............................................................56 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 ........................59 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 ............................62 Section 4.04. Persons Deemed Owners............................................................44 ........................................................63 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 .............................63 Section 4.06. Authenticating Agents............................................................45 ........................................................64 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V

Option to Substitute. 38 39 ARTICLE IV THE CERTIFICATES..............................................................................39 ..........................................................................40 Section 4.01. The Certificates.................................................................39 40 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 42 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 45 Section 4.04. Persons Deemed Owners............................................................44 45 Section 4.05. Appointment of Paying Agent, Certificate Registrar and Backup Advancer; Certificate Account.................................44 ..............................................................46 Section 4.06. Authenticating Agents............................................................45 47 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46............................................47

Option to Substitute. 38 40 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................41 Section 4.01. The Certificates.................................................................39 ......................................................................41 Section 4.02. Registration of Transfer and Exchange of Certificates............................41 .................................43 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates................................44 .....................................46 Section 4.04. Persons Deemed Owners............................................................44 .................................................................47 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 ......................................47 Section 4.06. Authenticating Agents............................................................45 .................................................................48 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46..........................................................48

Option to Substitute. 38 39 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................40 Section 4.01. The Certificates.................................................................39 ......................................................................40 Section 4.02. Registration of Transfer and Exchange of Certificates.............................................................41 Section 4.03. Mutilated, Destroyed, Lost or Stolen Certificates.....................................................................44 Section 4.04. Persons Deemed Owners............................................................44 .................................................................45 Section 4.05. Appointment of Paying Agent; Certificate Account.................................44 ......................................45 Section 4.06. Authenticating Agents............................................................45 .................................................................46 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46..........................................................47

Option to Substitute. 38 41 ARTICLE IV THE CERTIFICATES..............................................................................39 ........................................................................................42 Section 4.01. 4.01 The Certificates.................................................................39 ......................................................................42 Section 4.02. 4.02 Registration of Transfer and Exchange of Certificates............................41 .................................44 Section 4.03. 4.03 Mutilated, Destroyed, Lost or Stolen Certificates................................44 .....................................47 Section 4.04. 4.04 Persons Deemed Owners............................................................44 .................................................................48 Section 4.05. 4.05 Appointment of Paying Agent; Certificate Account.................................44 ......................................48 Section 4.06. 4.06 Authenticating Agents............................................................45 .................................................................49 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V

Option to Substitute. 38 39 ARTICLE IV THE CERTIFICATES..............................................................................39 ...............................................................................40 Section 4.01. 4.01 The Certificates.................................................................39 ..................................................................40 Section 4.02. 4.02 Registration of Transfer and Exchange of Certificates............................41 .............................42 Section 4.03. 4.03 Mutilated, Destroyed, Lost or Stolen Certificates................................44 .................................45 Section 4.04. 4.04 Persons Deemed Owners............................................................44 .............................................................46 Section 4.05. 4.05 Appointment of Paying Agent; Certificate Account.................................44 ..................................46 Section 4.06. 4.06 Authenticating Agents............................................................45 .............................................................47 ARTICLE V ADMINISTRATION AND SERVICING OF MORTGAGE LOANS................................................46V