Common use of Remedies and Breach Clause in Contracts

Remedies and Breach. Section 3.01 Company Representations and Warranties 20 Section 3.02 Representations and Warranties Regarding Individual Mortgage Loans 24 Section 3.03 Remedies for Breach of Representations and Warranties 38 Section 3.04 Review of Mortgage Loans 41 Section 3.05 Repurchase of Mortgage Loans that Prepay in Full; Certain Defaults; Missing Documents 41 Section 4.01 Company to Act as Servicer 42 Section 4.02 Liquidation of Mortgage Loans 44 Section 4.03 Collection of Mortgage Loan Payments 45 Section 4.04 Establishment of and Deposits to Custodial Account 46 Section 4.05 Permitted Withdrawals From Custodial Account 47 Section 4.06 Establishment of and Deposits to Escrow Account 48 Section 4.07 Permitted Withdrawals From Escrow Account 49 Section 4.08 Payment of Taxes, Insurance and Other Charges 50 Section 4.09 Protection of Accounts 50 Section 4.10 Maintenance of Hazard Insurance 51 Section 4.11 Maintenance of Mortgage Impairment Insurance 52 Section 4.12 Maintenance of Fidelity Bond and Errors and Omissions Insurance 53 Section 4.13 Inspections 53 Section 4.14 Restoration of Mortgaged Property 53 Section 4.15 Maintenance of PMI and LPMI Policy; Claims 54 Section 4.16 Title, Management and Disposition of REO Property 56 Section 4.17 Real Estate Owned Reports 57 Section 4.18 Liquidation Reports 57 Section 4.19 Reports of Foreclosures and Abandonments of Mortgaged Property 57 Section 4.20 Notification of Adjustments 57 Section 4.21 Transfer of Servicing 58 Section 4.22 Fair Credit Reporting Act 60 Section 5.01 Remittances 61 Section 5.02 Statements to Purchaser 61 Section 5.03 Monthly Advances by Company 62

Remedies and Breach. Section 3.01 4.01. Company Representations and Warranties 20 Warranties. 16 Section 3.02 4.02. Representations and Warranties Regarding Individual Mortgage Loans 24 Loans. 18 Section 3.03 4.03. Remedies for Breach of Representations and Warranties 38 Warranties. 30 Section 3.04 Review of 4.04. Restrictions and Requirements Applicable in the Event that a Mortgage Loans 41 Loan is Acquired by a REMIC. 32 Section 3.05 Repurchase of Mortgage Loans that Prepay in Full; Certain Defaults; Missing Documents 41 4.05. Pre- Closing Due Diligence. 34 Section 4.01 5.01. Company to Act as Servicer 42 Servicer. 34 Section 4.02 5.02. Liquidation of Mortgage Loans 44 Loans. 36 Section 4.03 5.03. Collection of Mortgage Loan Payments 45 Payments. 37 Section 4.04 5.04. Establishment of and Deposits to Custodial Account 46 Account. 37 Section 4.05 5.05. Permitted Withdrawals From Custodial Account 47 Account. 38 Section 4.06 5.06. Establishment of and Deposits to Escrow Account 48 Account. 39 Section 4.07 5.07. Permitted Withdrawals From Escrow Account 49 Account. 40 Section 4.08 5.08. Payment of Taxes, Insurance and Other Charges 50 Charges. 41 Section 4.09 5.09. Protection of Accounts 50 Accounts. 41 Section 4.10 5.10. Maintenance of Hazard Insurance 51 Insurance. 42 Section 4.11 5.11. Maintenance of Mortgage Impairment Insurance 52 Insurance. 43 Section 4.12 5.12. Maintenance of Fidelity Bond and Errors and Omissions Insurance 53 Insurance. 44 Section 4.13 Inspections 53 5.13. Inspections. 44 Section 4.14 5.14. Restoration of Mortgaged Property 53 Property. 45 Section 4.15 5.15. Maintenance of PMI and LPMI Policy; Claims 54 Claims. 45 Section 4.16 5.16. Title, Management and Disposition of REO Property 56 Property. 46 Section 4.17 5.17. Real Estate Owned Reports 57 Reports. 49 Section 4.18 5.18. Liquidation Reports 57 Reports. 49 Section 4.19 5.19. Notification of Adjustments. 49 Section 5.20. Reports of Foreclosures and Abandonments of Mortgaged Property 57 Property. 49 Section 4.20 Notification 5.21. Waiver of Adjustments 57 Prepayment Charges. 49 Section 4.21 Transfer of Servicing 58 5.22. Credit Reporting. 50 Section 4.22 Fair Credit Reporting Act 60 6.01. Remittances. 50 Section 5.01 Remittances 61 Section 5.02 6.02. Statements to Purchaser 61 Purchaser. 51 Section 5.03 6.03. Monthly Advances by Company 62Company. 51