Common use of REMIC Compliance Clause in Contracts

REMIC Compliance. 54 Section 4.18 Management of REO Property..................................... 59 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 Section 4.20 Annual Statement as to Compliance.............................. 61 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 Section 4.22 Retitling of Land Home Contracts............................... 61 Section 4.23 Notice of Rating Change........................................ 62 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 Section 5.01 Monthly Advances by the Servicer............................... 62 Section 5.02 Payments....................................................... 63 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 Section 5.04 Monthly Reports................................................ 69 Section 5.05 Certificate of Servicing Officer............................... 73 Section 5.06 Other Data..................................................... 73 Section 5.07 Statements to Certificateholders............................... 73 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 75

REMIC Compliance. 54 49 Section 4.18 Management of REO Property..................................... 59 ..................................................................... 53 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 .............................................. 55 Section 4.20 Annual Statement as to Compliance.............................. 61 .............................................................. 55 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 ........................................ 55 Section 4.22 Retitling Recording of Land Home Contracts............................... 61 Assignments of Mortgage........................................................... 56 Section 4.23 Notice of Rating Change........................................ 62 ........................................................................ 56 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 ...................................................... 57 Section 5.01 Monthly Advances by the Servicer............................... 62 ............................................................... 57 Section 5.02 Payments....................................................... 63 ....................................................................................... 58 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 Account............................................. 60 Section 5.04 Monthly Reports................................................ 69 Section 5.05 Certificate of Servicing Officer............................... 73 Section 5.06 Other Data..................................................... 73 Section 5.07 Statements to Certificateholders............................... 73 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 755.04

REMIC Compliance. 54 Section 4.18 62 SECTION 3.18. Management of REO Property..................................... 59 Section 4.19 ............................................................68 SECTION 3.19. Reports to the Securities and Exchange Commission.............. 60 Section 4.20 .....................................70 SECTION 3.20. Annual Statement as to Compliance.............................. 61 Section 4.21 .....................................................70 SECTION 3.21. Annual Independent Public Accountants' Servicing Report........ 61 Section 4.22 ...............................70 SECTION 3.22. Retitling of Land Home Contracts............................... 61 Section 4.23 Notice of Rating Change........................................ 62 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 Section 5.01 ......................................................71 SECTION 3.23. [RESERVED]............................................................................71 SECTION 3.24. Monthly Advances by the Servicer............................... 62 Section 5.02 Payments....................................................... 63 Section 5.03 ......................................................71 SECTION 3.25. Permitted Withdrawals from the Certificate Accounts............ 68 Section 5.04 Monthly Reports................................................ 69 Section 5.05 Certificate of Servicing Officer............................... 73 Section 5.06 Other Data..................................................... 73 Section 5.07 Account....................................72 SECTION 3.26. Backup Servicer.......................................................................74 ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS SECTION 4.01. Distributions.........................................................................76 SECTION 4.02. Statements to Certificateholders............................... 73 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 75......................................................82

REMIC Compliance. 54 51 Section 4.18 Management of REO Property..................................... 59 ...............................55 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 ........57 Section 4.20 Annual Statement as to Compliance.............................. 61 ........................57 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 ..57 Section 4.22 Retitling of Land Home Contracts............................... 61 .........................58 Section 4.23 Notice of Rating Change........................................ 62 ..................................58 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 ...................58 Section 5.01 Monthly Advances by the Servicer............................... 62 .........................58 Section 5.02 Payments....................................................... 63 .................................................59 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 Section 5.04 Monthly Reports................................................ 69 Section 5.05 Certificate of Servicing Officer............................... 73 Section 5.06 Other Data..................................................... 73 Section 5.07 Statements to Certificateholders............................... 73 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 75......63

REMIC Compliance. 54 59 Section 4.18 Management of REO Property..................................... 59 .......................................................................... 63 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 ................................................... 65 Section 4.20 Annual Statement as to Compliance.............................. 61 ................................................................... 65 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 ............................................. 65 Section 4.22 Retitling of Land Home Contracts............................... 61 .................................................................... 66 Section 4.23 Notice of Rating Change........................................ 62 ............................................................................. 66 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 ......................................................... 67 Section 5.01 Monthly Advances by the Servicer............................... 62 .................................................................... 67 Section 5.02 Payments....................................................... 63 ............................................................................................ 68 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 ................................................. 72 Section 5.04 Monthly Reports................................................ 69 Section 5.05 Certificate of Servicing Officer............................... 73 Section 5.06 Other Data..................................................... 73 Section 5.07 Statements to Certificateholders............................... 73 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 755.04

REMIC Compliance. 54 48 Section 4.18 Management of REO Property..................................... 59 ............................................................ 53 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 ..................................... 55 Section 4.20 Annual Statement as to Compliance.............................. 61 ..................................................... 55 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 ............................... 55 Section 4.22 Retitling of Land Home Contracts............................... 61 ...................................................... 55 Section 4.23 Notice of Rating Change........................................ 62 ............................................................... 56 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 ............................................. 56 Section 5.01 Monthly Advances by the Servicer............................... 62 ...................................................... 56 Section 5.02 Payments....................................................... 63 .............................................................................. 57 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 Note Account........................................... 60 Section 5.04 Monthly Reports................................................ 69 ....................................................................... 61 Section 5.05 Certificate of Servicing Officer............................... 73 ...................................................... 63 Section 5.06 Other Data..................................................... 73 ............................................................................ 63 Section 5.07 Statements to Certificateholders............................... 73 Noteholders............................................................. 64 Section 5.08 Certificate Note Insurance Policy; Enhancement Payments............. 75........................................... 65 Section 5.09 Reserve Account,...................................................................... 65 Section 5.10 LOC; Draw Amounts; Spread Account..................................................... 65

REMIC Compliance. 54 44 Section 4.18 Management of REO Property..................................... 59 ................................................. 49 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 .......................... 50 Section 4.20 Annual Statement as to Compliance.............................. 61 .......................................... 50 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 .................... 51 Section 4.22 Retitling of Land Home Contracts............................... 61 Section 4.23 Notice of Rating Change........................................ 62 ........................................... 51 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 .......................................................................... 52 Section 5.01 Monthly Advances by the Servicer............................... 62 ........................................... 52 Section 5.02 Payments....................................................... 63 ................................................................... 52 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 Account......................... 55 Section 5.04 Monthly Reports................................................ 69 ............................................................ 56 Section 5.05 Certificate of Servicing Officer............................... 73 ........................................... 58 Section 5.06 Other Data..................................................... 73 ................................................................. 59 Section 5.07 Statements to Certificateholders............................... 73 ........................................... 59 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 75......................... 60

REMIC Compliance. 54 46 Section 4.18 Management of REO Property..................................... 59 .......................................... 51 Section 4.19 Reports to the Securities and Exchange Commission.............. 60 ................... 53 Section 4.20 Annual Statement as to Compliance.............................. 61 ................................... 53 Section 4.21 Annual Independent Public Accountants' Servicing Report........ 61 ............. 53 Section 4.22 Retitling of Land Home Contracts............................... 61 Section 4.23 Notice of Rating Change........................................ 62 .................................... 54 ARTICLE V PAYMENTS, MONTHLY ADVANCES AND MONTHLY REPORTS........................................................... 62 ............................... 54 Section 5.01 Monthly Advances by the Servicer............................... 62 .................................... 54 Section 5.02 Payments....................................................... 63 ............................................................ 55 Section 5.03 Permitted Withdrawals from the Certificate Accounts............ 68 ................. 57 Section 5.04 Monthly Reports................................................ 69 ..................................................... 58 Section 5.05 Certificate of Servicing Officer............................... 73 .................................... 60 Section 5.06 Other Data..................................................... 73 .......................................................... 60 Section 5.07 Statements to Certificateholders............................... 73 .................................... 60 Section 5.08 Certificate Insurance Policy; Enhancement Payments............. 75.................. 62