Common use of Payments to Certificateholders Payment of Expenses Clause in Contracts

Payments to Certificateholders Payment of Expenses. 93 Section 4.01.Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 Section 4.02.Monthly P&I Advances; Distribution Reports to the Trustee 94 Section 4.03.Nonrecoverable Advances 95 Section 4.04.Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 Section 4.05.Statements to Certificateholders 98 ARTICLE V The Certificates 98 Section 5.01.The Certificates 98 Section 5.02.Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 Section 5.03.Registration of Transfer and Exchange of Certificates 106 Section 5.04.Mutilated, Destroyed, Lost or Stolen Certificates 106 Section 5.05.Persons Deemed Owners 107 Section 5.06.[Reserved.] 107 Section 5.07.Book-Entry for Book-Entry Certificates 107 Section 5.08.Notices to Clearing Agency 108 Section 5.09.Definitive Certificates 108 Section 0.00.Xxxxxx for Transfer of Certificates 109 Section 5.11.Nature of Certificates 109 ARTICLE VI The Company and the Servicer 109 Section 6.01.Liability of the Company and the Servicer 109 Section 6.02.Merger or Consolidation of the Company or the Servicer 109 Section 6.03.Limitation on Liability of the Company, the Servicer and Others 110 Section 6.04.Neither the Company nor the Servicer May Resign 110 Section 6.05.Trustee Access 111 ARTICLE VII Default 111 Section 0.00.Xxxxxx of Default 111 Section 7.02.Trustee to Act; Appointment of Successor 113 Section 7.03.Notification to Certificateholders 114 ARTICLE VIII Concerning the Trustees 115 Section 8.01.Duties of Trustees 115 Section 8.02.Certain Matters Affecting the Trustees 116 Section 8.03.Trustees Not Liable for Certificates or Mortgage Loans 117 Section 8.04.Trustees May Own Certificates 118 Section 8.05.The Servicer to Pay Trustees’ Fees and Expenses 118 Section 8.06.Eligibility Requirements for Trustees 118 Section 8.07.Resignation and Removal of Trustees 118 Section 8.08.Successor Trustee 119 Section 8.09.Merger or Consolidation of Trustee 120 Section 8.10.Appointment of Co-Trustee or Separate Trustee 120 Section 8.11.Authenticating Agents 121 Section 8.12.Paying Agents 122 Section 8.13.Duties of Delaware Trustee 122 Section 8.14.Amendment to Certificate of Trust 123 Section 8.15.[Reserved.] 123 Section 8.16.Trustees Act on Behalf of Trust 123 Section 8.17.Limitation of Liability 123 Section 8.18.Trustee Report on Assessment of Compliance with Servicing Criteria 123 ARTICLE IX Termination 124

Payments to Certificateholders Payment of Expenses. 93 94 Section 4.01.Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 94 Section 4.02.Monthly P&I Advances; Distribution Reports to the Trustee 94 95 Section 4.03.Nonrecoverable Advances 95 96 Section 4.04.Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 97 Section 4.05.Statements to Certificateholders 98 ARTICLE V The Certificates 98 Section 5.01.The Certificates 98 Section 5.02.Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 104 Section 5.03.Registration of Transfer and Exchange of Certificates 106 105 Section 5.04.Mutilated, Destroyed, Lost or Stolen Certificates 106 105 Section 5.05.Persons Deemed Owners 107 106 Section 5.06.[Reserved.] 107 106 Section 5.07.Book-Entry for Book-Entry Certificates 107 106 Section 5.08.Notices to Clearing Agency 108 107 Section 5.09.Definitive Certificates 108 107 Section 0.00.Xxxxxx for Transfer of Certificates 109 108 Section 5.11.Nature of Certificates 109 108 ARTICLE VI The Company and the Servicer 109 108 Section 6.01.Liability of the Company and the Servicer 109 108 Section 6.02.Merger or Consolidation of the Company or the Servicer 109 108 Section 6.03.Limitation on Liability of the Company, the Servicer and Others 110 109 Section 6.04.Neither the Company nor the Servicer May Resign 110 109 Section 6.05.Trustee Access 111 109 ARTICLE VII Default 111 110 Section 0.00.Xxxxxx of Default 111 110 Section 7.02.Trustee to Act; Appointment of Successor 113 112 Section 7.03.Notification to Certificateholders 114 113 ARTICLE VIII Concerning the Trustees 115 113 Section 8.01.Duties of Trustees 115 113 Section 8.02.Certain Matters Affecting the Trustees 116 115 Section 8.03.Trustees Not Liable for Certificates or Mortgage Loans 117 116 Section 8.04.Trustees May Own Certificates 118 116 Section 8.05.The Servicer to Pay Trustees’ Fees and Expenses 118 116 Section 8.06.Eligibility Requirements for Trustees 118 117 Section 8.07.Resignation and Removal of Trustees 118 117 Section 8.08.Successor Trustee 119 118 Section 8.09.Merger or Consolidation of Trustee 120 118 Section 8.10.Appointment of Co-Trustee or Separate Trustee 120 119 Section 8.11.Authenticating Agents 121 120 Section 8.12.Paying Agents 122 120 Section 8.13.Duties of Delaware Trustee 122 121 Section 8.14.Amendment to Certificate of Trust 123 122 Section 8.15.[Reserved.] 123 122 Section 8.16.Trustees Act on Behalf of Trust 123 122 Section 8.17.Limitation of Liability 123 122 Section 8.18.Trustee Report on Assessment of Compliance with Servicing Criteria 123 122 ARTICLE IX Termination 124123

Payments to Certificateholders Payment of Expenses. 93 76 Section 4.01.Distributions 4.01 Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 76 Section 4.02.Monthly 4.02 Monthly P&I Advances; Distribution Reports to the Trustee 94 77 Section 4.03.Nonrecoverable 4.03 Nonrecoverable Advances 95 78 Section 4.04.Distributions 4.04 Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 79 Section 4.05.Statements 4.05 Statements to Certificateholders 98 80 ARTICLE V The Certificates 98 80 Section 5.01.The 5.01 The Certificates 98 80 Section 5.02.Certificates 5.02 Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 86 Section 5.03.Registration 5.03 Registration of Transfer and Exchange of Certificates 106 87 Section 5.04.Mutilated5.04 Mutilated, Destroyed, Lost or Stolen Certificates 106 87 Section 5.05.Persons 5.05 Persons Deemed Owners 107 88 Section 5.06.[Reserved5.06 [Reserved.] 107 88 Section 5.07.Book5.07 Book-Entry for Book-Entry Certificates 107 88 Section 5.08.Notices 5.08 Notices to Clearing Agency 108 89 Section 5.09.Definitive 5.09 Definitive Certificates 108 89 Section 0.00.Xxxxxx 5.10 Office for Transfer of Certificates 109 90 Section 5.11.Nature 5.11 Nature of Certificates 109 90 ARTICLE VI The Company and the Servicer 109 90 Section 6.01.Liability 6.01 Liability of the Company and the Servicer 109 90 Section 6.02.Merger 6.02 Merger or Consolidation of the Company or the Servicer 109 90 Section 6.03.Limitation 6.03 Limitation on Liability of the Company, the Servicer and Others 110 91 Section 6.04.Neither 6.04 Neither the Company nor the Servicer May Resign 110 91 Section 6.05.Trustee 6.05 Trustee Access 111 91 ARTICLE VII Default 111 92 Section 0.00.Xxxxxx 7.01 Events of Default 111 92 Section 7.02.Trustee 7.02 Trustee to Act; Appointment of Successor 113 94 Section 7.03.Notification 7.03 Notification to Certificateholders 114 95 ARTICLE VIII Concerning the Trustees 115 95 Section 8.01.Duties 8.01 Duties of Trustees 115 95 Section 8.02.Certain 8.02 Certain Matters Affecting the Trustees 116 97 Section 8.03.Trustees 8.03 Trustees Not Liable for Certificates or Mortgage Loans 117 98 Section 8.04.Trustees 8.04 Trustees May Own Certificates 118 98 Section 8.05.The 8.05 The Servicer to Pay Trustees’ Fees and Expenses 118 99 Section 8.06.Eligibility 8.06 Eligibility Requirements for Trustees 118 99 Section 8.07.Resignation 8.07 Resignation and Removal of Trustees 118 99 Section 8.08.Successor 8.08 Successor Trustee 119 100 Section 8.09.Merger 8.09 Merger or Consolidation of Trustee 120 101 Section 8.10.Appointment 8.10 Appointment of Co-Trustee or Separate Trustee 120 101 Section 8.11.Authenticating 8.11 Authenticating Agents 121 102 Section 8.12.Paying 8.12 Paying Agents 122 103 Section 8.13.Duties 8.13 Duties of Delaware Trustee 122 103 Section 8.14.Amendment 8.14 Amendment to Certificate of Trust 123 104 Section 8.15.[Reserved.] 123 8.15 Limitation of Liability 104 Section 8.16.Trustees 8.16 Trustees Act on Behalf of Trust 123 104 Section 8.17.Limitation of Liability 123 Section 8.18.Trustee 8.17 Trustee Report on Assessment of Compliance with Servicing Criteria 123 ARTICLE IX Termination 124and Attestation 104

Payments to Certificateholders Payment of Expenses. 93 95 Section 4.01.Distributions 4.01 Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 95 Section 4.02.Monthly 4.02 Monthly P&I Advances; Distribution Reports to the Trustee 94 96 Section 4.03.Nonrecoverable 4.03 Nonrecoverable Advances 95 98 Section 4.04.Distributions 4.04 Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 98 Section 4.05.Statements 4.05 Statements to Certificateholders 98 100 ARTICLE V The Certificates 98 100 Section 5.01.The 5.01 The Certificates 98 100 Section 5.02.Certificates 5.02 Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 107 Section 5.03.Registration 5.03 Registration of Transfer and Exchange of Certificates 106 108 Section 5.04.Mutilated5.04 Mutilated, Destroyed, Lost or Stolen Certificates 106 108 Section 5.05.Persons 5.05 Persons Deemed Owners 107 109 Section 5.06.[Reserved5.06 [Reserved.] 107 109 Section 5.07.Book5.07 Book-Entry for Book-Entry Certificates 107 109 Section 5.08.Notices 5.08 Notices to Clearing Agency 108 110 Section 5.09.Definitive 5.09 Definitive Certificates 108 110 Section 0.00.Xxxxxx 5.10 Office for Transfer of Certificates 109 111 Section 5.11.Nature 5.11 Nature of Certificates 109 111 ARTICLE VI The Company and the Servicer 109 111 Section 6.01.Liability 6.01 Liability of the Company and the Servicer 109 111 Section 6.02.Merger 6.02 Merger or Consolidation of the Company or the Servicer 109 111 Section 6.03.Limitation 6.03 Limitation on Liability of the Company, the Servicer and Others 110 111 Section 6.04.Neither 6.04 Neither the Company nor the Servicer May Resign 110 112 Section 6.05.Trustee 6.05 Trustee Access 111 112 ARTICLE VII Default 111 113 Section 0.00.Xxxxxx 7.01 Events of Default 111 113 Section 7.02.Trustee 7.02 Trustee to Act; Appointment of Successor 113 115 Section 7.03.Notification 7.03 Notification to Certificateholders 114 116 ARTICLE VIII Concerning the Trustees 115 116 Section 8.01.Duties 8.01 Duties of Trustees 115 116 Section 8.02.Certain 8.02 Certain Matters Affecting the Trustees 116 118 Section 8.03.Trustees 8.03 Trustees Not Liable for Certificates or Mortgage Loans 117 119 Section 8.04.Trustees 8.04 Trustees May Own Certificates 118 119 Section 8.05.The 8.05 The Servicer to Pay Trustees’ Fees and Expenses 118 119 Section 8.06.Eligibility 8.06 Eligibility Requirements for Trustees 118 120 Section 8.07.Resignation 8.07 Resignation and Removal of Trustees 118 120 Section 8.08.Successor 8.08 Successor Trustee 119 121 Section 8.09.Merger 8.09 Merger or Consolidation of Trustee 120 121 Section 8.10.Appointment 8.10 Appointment of Co-Trustee or Separate Trustee 120 Section 8.11.Authenticating Agents 121 Section 8.12.Paying Agents 122 Section 8.13.Duties 8.11 Authenticating Agents 123 Section 8.12 Paying Agents 123 Section 8.13 Duties of Delaware Trustee 122 124 Section 8.14.Amendment 8.14 Amendment to Certificate of Trust 123 125 Section 8.15.[Reserved.8.15 [Reserved] 123 125 Section 8.16.Trustees 8.16 Trustees Act on Behalf of Trust 123 125 Section 8.17.Limitation 8.17 Limitation of Liability 123 125 Section 8.18.Trustee 8.18. Trustee Report on On Assessment of Of Compliance with Servicing Criteria 123 ARTICLE IX Termination 124And Attestation 125

Payments to Certificateholders Payment of Expenses. 93 Section 4.01.Distributions to Holders of REMIC I Regular Interests and Class R-1 Residual Interest 93 Section 4.02.Monthly P&I Advances; Distribution Reports to the Trustee 94 93 Section 4.03.Nonrecoverable Advances 95 Section 4.04.Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 95 Section 4.05.Statements to Certificateholders 98 97 ARTICLE V The Certificates 98 97 Section 5.01.The Certificates 98 97 Section 5.02.Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 104 Section 5.03.Registration of Transfer and Exchange of Certificates 106 104 Section 5.04.Mutilated, Destroyed, Lost or Stolen Certificates 106 105 Section 5.05.Persons Deemed Owners 107 105 Section 5.06.[Reserved.] 107 105 Section 5.07.Book-Entry for Book-Entry Certificates 107 105 Section 5.08.Notices to Clearing Agency 108 106 Section 5.09.Definitive Certificates 108 106 Section 0.00.Xxxxxx for Transfer of Certificates 109 107 Section 5.11.Nature of Certificates 109 107 ARTICLE VI The Company and the Servicer 109 107 Section 6.01.Liability of the Company and the Servicer 109 107 Section 6.02.Merger or Consolidation of the Company or the Servicer 109 107 Section 6.03.Limitation on Liability of the Company, the Servicer and Others 110 108 Section 6.04.Neither the Company nor the Servicer May Resign 110 108 Section 6.05.Trustee Access 111 109 ARTICLE VII Default 111 109 Section 0.00.Xxxxxx of Default 111 109 Section 7.02.Trustee to Act; Appointment of Successor 113 111 Section 7.03.Notification to Certificateholders 114 112 ARTICLE VIII Concerning the Trustees 115 113 Section 8.01.Duties of Trustees 115 113 Section 8.02.Certain Matters Affecting the Trustees 116 114 Section 8.03.Trustees Not Liable for Certificates or Mortgage Loans 117 115 Section 8.04.Trustees May Own Certificates 118 116 Section 8.05.The Servicer to Pay Trustees’ Fees and Expenses 118 116 Section 8.06.Eligibility Requirements for Trustees 118 116 Section 8.07.Resignation and Removal of Trustees 118 116 Section 8.08.Successor Trustee 119 117 Section 8.09.Merger or Consolidation of Trustee 120 118 Section 8.10.Appointment of Co-Trustee or Separate Trustee 120 118 Section 8.11.Authenticating Agents 121 119 Section 8.12.Paying Agents 122 120 Section 8.13.Duties of Delaware Trustee 122 120 Section 8.14.Amendment to Certificate of Trust 123 121 Section 8.15.[Reserved.] 123 121 Section 8.16.Trustees Act on Behalf of Trust 123 121 Section 8.17.Limitation of Liability 123 121 Section 8.18.Trustee Report on Assessment of Compliance with Servicing Criteria 123 121 ARTICLE IX Termination 124122

Payments to Certificateholders Payment of Expenses. 93 89 Section 4.01.Distributions 4.01 Distributions to Holders of REMIC I II Regular Interests and Class R-1 and Class R-2 Residual Interest 93 Interests 89 Section 4.02.Monthly 4.02 Monthly P&I Advances; Distribution Reports to the Trustee 94 90 Section 4.03.Nonrecoverable 4.03 Nonrecoverable Advances 95 91 Section 4.04.Distributions 4.04 Distributions to Holders of REMIC II Regular Interests and Certificateholders; Payment of Special Primary Insurance Premiums 96 92 Section 4.05.Statements 4.05 Statements to Certificateholders 98 93 ARTICLE V The Certificates 98 93 Section 5.01.The 5.01 The Certificates 98 93 Section 5.02.Certificates 5.02 Certificates Issuable in Classes; Distributions of Principal and Interest; Authorized Denominations 106 100 Section 5.03.Registration 5.03 Registration of Transfer and Exchange of Certificates 106 100 Section 5.04.Mutilated5.04 Mutilated, Destroyed, Lost or Stolen Certificates 106 100 Section 5.05.Persons 5.05 Persons Deemed Owners 107 101 Section 5.06.[Reserved5.06 [Reserved.] 107 101 Section 5.07.Book5.07 Book-Entry for Book-Entry Certificates 107 101 Section 5.08.Notices 5.08 Notices to Clearing Agency 108 102 Section 5.09.Definitive 5.09 Definitive Certificates 108 102 Section 0.00.Xxxxxx 5.10 Office for Transfer of Certificates 109 103 Section 5.11.Nature 5.11 Nature of Certificates 109 103 ARTICLE VI The Company and the Servicer 109 103 Section 6.01.Liability 6.01 Liability of the Company and the Servicer 109 103 Section 6.02.Merger 6.02 Merger or Consolidation of the Company or the Servicer 109 103 Section 6.03.Limitation 6.03 Limitation on Liability of the Company, the Servicer and Others 110 104 Section 6.04.Neither 6.04 Neither the Company nor the Servicer May Resign 110 104 Section 6.05.Trustee 6.05 Trustee Access 111 105 ARTICLE VII Default 111 105 Section 0.00.Xxxxxx 7.01 Events of Default 111 105 Section 7.02.Trustee 7.02 Trustee to Act; Appointment of Successor 113 107 Section 7.03.Notification 7.03 Notification to Certificateholders 114 108 ARTICLE VIII Concerning the Trustees 115 109 Section 8.01.Duties 8.01 Duties of Trustees 115 109 Section 8.02.Certain 8.02 Certain Matters Affecting the Trustees 116 110 Section 8.03.Trustees 8.03 Trustees Not Liable for Certificates or Mortgage Loans 117 111 Section 8.04.Trustees 8.04 Trustees May Own Certificates 118 112 Section 8.05.The 8.05 The Servicer to Pay Trustees’ Fees and Expenses 118 112 Section 8.06.Eligibility 8.06 Eligibility Requirements for Trustees 118 112 Section 8.07.Resignation 8.07 Resignation and Removal of Trustees 118 112 Section 8.08.Successor 8.08 Successor Trustee 119 113 Section 8.09.Merger 8.09 Merger or Consolidation of Trustee 120 114 Section 8.10.Appointment 8.10 Appointment of Co-Trustee or Separate Trustee 120 114 Section 8.11.Authenticating 8.11 Authenticating Agents 121 115 Section 8.12.Paying 8.12 Paying Agents 122 116 Section 8.13.Duties 8.13 Duties of Delaware Trustee 122 116 Section 8.14.Amendment 8.14 Amendment to Certificate of Trust 123 117 Section 8.15.[Reserved.] 123 Section 8.16.Trustees 8.15 Trustees Act on Behalf of Trust 123 117 Section 8.17.Limitation 8.16 Limitation of Liability 123 117 Section 8.18.Trustee 8.17 Trustee Report on Assessment of Compliance with Servicing Criteria 123 ARTICLE IX Termination 124and Attestation 117