Common use of Protection of Trust Fund Clause in Contracts

Protection of Trust Fund. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Issuer Secured Parties to be prior to all other liens in respect of the Trust Fund, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Indenture Trustee, for the benefit of the Issuer Secured Parties, a first lien on and a first priority, perfected security interest in the Trust Fund. The Issuer will from time to time prepare (or shall cause to be prepared), execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action necessary or advisable to: (i) Grant more effectively all or any portion of the Trust Fund; (ii) maintain or preserve the lien and security interest (and the priority thereof) in favor of the Indenture Trustee for the benefit of the Issuer Secured Parties created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral; (v) preserve and defend title to the Trust Fund and the rights of the Indenture Trustee in such Trust Fund against the claims of all persons and parties; and (vi) pay all taxes or assessments levied or assessed upon the Trust Fund when due. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any such financing statement, continuation statement or other instrument delivered by or on behalf of the Issuer to the Indenture Trustee for execution. The Indenture Trustee shall not have any liability for the perfection or priority of the security interest granted hereby and shall have no duty to prepare or file any continuation statements or other related instruments.

Protection of Trust Fund. The Issuer intends the security interest Granted pursuant to this Indenture in favor of the Issuer Secured Parties to be prior to all other liens in respect of the Trust Fund, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Indenture Trustee, for the benefit of the Issuer Secured Parties, a first lien on and a first priority, perfected security interest in the Trust Fund. (a) The Issuer will from time to time prepare (or shall cause to be prepared), execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action as may be necessary or advisable to: (i) Grant more effectively all or any portion of the Trust Fund; (ii) maintain or preserve the lien and security interest (and the priority thereof) in favor of the Indenture Trustee for the benefit of the Issuer Secured Parties created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral;Mortgage Loans, the Servicing Agreement or the Mortgage Loan Purchase Agreement; or (v) preserve and defend title to the Trust Fund and the rights of the Indenture Trustee Trustee, and of the Noteholders, in such the Mortgage Loans and the other property held as part of the Trust Fund against the claims of all persons Persons and parties; and. (vib) pay all taxes or assessments levied or assessed upon the Trust Fund when due. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any such financing statement, continuation statement or other instrument delivered by or on behalf of the Issuer to the Indenture Trustee for execution. The Indenture Trustee shall not have remove any liability for the perfection or priority portion of the Trust Fund that consists of money or is evidenced by an instrument, certificate or other writing from the jurisdiction in which it was held, or to which it is intended to be removed, as described in the Opinion of Counsel delivered at the Closing Date pursuant to Section 2.1l(c), or cause or permit ownership or the pledge of any portion of the Trust Fund that consists of book-entry securities to be recorded on the books of a Person located in a different jurisdiction from the jurisdiction in which such ownership or pledge was recorded at such time unless the Indenture Trustee shall have first received an Opinion of Counsel to the effect that the lien and security interest granted hereby and shall have no duty created by this Indenture with respect to prepare such property will continue to be maintained after giving effect to such action or file any continuation statements or other related instrumentsactions.

Protection of Trust Fund. The Issuer intends the security ------------------------ interest Granted pursuant to this Indenture in favor of the Issuer Secured Parties to be prior to all other liens in respect of the Trust Fund, and the Issuer shall take all actions necessary to obtain and maintain, in favor of the Indenture Trustee, for the benefit of the Issuer Secured Parties, a first lien on and a first priority, perfected security interest in the Trust Fund. The Issuer will from time to time prepare (or shall cause to be prepared), execute and deliver all such supplements and amendments hereto and all such financing statements, continuation statements, instruments of further assurance and other instruments, and will take such other action necessary or advisable to: (i) Grant more effectively all or any portion of the Trust Fund; (ii) maintain or preserve the lien and security interest (and the priority thereof) in favor of the Indenture Trustee for the benefit of the Issuer Secured Parties created by this Indenture or carry out more effectively the purposes hereof; (iii) perfect, publish notice of or protect the validity of any Grant made or to be made by this Indenture; (iv) enforce any of the Collateral; (v) preserve and defend title to the Trust Fund and the rights of the Indenture Trustee in such Trust Fund against the claims of all persons and parties; and (vi) pay all taxes or assessments levied or assessed upon the Trust Fund when due. The Issuer hereby designates the Indenture Trustee its agent and attorney-in-fact to execute any such financing statement, continuation statement or other instrument delivered by or on behalf of the Issuer to the Indenture Trustee for execution. The Indenture Trustee shall not have any liability for the perfection or priority of the security interest granted hereby and shall have no duty to prepare or file any continuation statements or other related instruments.