Common use of REMIC Elections Clause in Contracts

REMIC Elections. 58 SECTION 2.08. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 SECTION 2.10. [RESERVED]............................................................... 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63

REMIC Elections. 58 76 SECTION 2.08. Covenants of the Servicer................................................ 62 .............................. 82 SECTION 2.09. [RESERVED]............................................................... 62 ............................................. 82 SECTION 2.10. [RESERVED]............................................................... 63 Conveyance of Subsequent Mortgage Loans................ 82 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 85 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 ................ 85 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 85

REMIC Elections. 58 76 SECTION 2.08. Covenants of the Servicer................................................ 62 .............................. 81 SECTION 2.09. [RESERVED]............................................................... 62 SECTION 2.10. [RESERVED]............................................................... 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust...................... 81 SECTION 2.122.10. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 81 SECTION 2.132.11. Depositor Notification of NIM Notes...................................... 63.................... 81

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]........................................... 81 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 81 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 81 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ........... 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 .................... 81 SECTION 2.13. 2.13 Depositor Notification of NIM Notes...................................... 63.................. 81

REMIC Elections. 58 75 SECTION 2.08. [RESERVED] ............................................ 81 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 Servicer ............................. 81 SECTION 2.10. [RESERVED]............................................................... 63 ] ............................................ 81 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust ..................... 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63Entity ..................... 81 ARTICLE III

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]............................................. 81 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 .............................. 81 SECTION 2.10. [RESERVED]............................................................... 63 ............................................. 81 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 81 SECTION 2.13. 2.13 Depositor Notification of NIM Notes...................................... 63.................... 81 ARTICLE III

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]........................................... 81 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 81 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 81 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ........... 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 .................... 81 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................. 81

REMIC Elections. 58 65 SECTION 2.08. [RESERVED]........................................... 69 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 69 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 70 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust.................... 70 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 70

REMIC Elections. 58 65 SECTION 2.08. [RESERVED]................................... 69 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 .................... 69 SECTION 2.10. [RESERVED]............................................................... 63 ................................... 70 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust............ 70 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63............ 70

REMIC Elections. 58 50 SECTION 2.08. Covenants of the Servicer................................................ 62 ............................ 53 SECTION 2.09. [RESERVED]............................................................... 62 ........................................... 53 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 53 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust Fund............... 53 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.............. 53

REMIC Elections. 58 67 SECTION 2.08. [RESERVED]........................................... 72 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 72 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 72 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ........... 72 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 .................... 72 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................. 72

REMIC Elections. 58 70 SECTION 2.08. Covenants of the Servicer................................................ 62 .............................. 75 SECTION 2.09. [RESERVED]............................................................... 62 SECTION 2.10. [RESERVED]............................................................... 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust...................... 75 SECTION 2.122.10. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 76 SECTION 2.132.11. Depositor Notification of NIM Notes...................................... 63.................... 76

REMIC Elections. 58 70 SECTION 2.08. Covenants of the Servicer................................................ 62 .............................. 75 SECTION 2.09. [RESERVED]............................................................... 62 ............................................. 75 SECTION 2.10. [RESERVED]............................................................... 63 ............................................. 75 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 75 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 ................ 76 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 76

REMIC Elections. 58 67 SECTION 2.08. [RESERVED]............................................. 72 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 .............................. 72 SECTION 2.10. [RESERVED]............................................................... 63 ............................................. 72 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 72 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 72 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 72

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]............................................. 80 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 .............................. 81 SECTION 2.10. [RESERVED]............................................................... 63 ............................................. 81 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 81 SECTION 2.13. 2.13 Depositor Notification of NIM Notes...................................... 63.................... 81

REMIC Elections. 58 71 SECTION 2.08. Covenants of the Servicer................................................ 62 .......................... 76 SECTION 2.09. [RESERVED]............................................................... 62 ......................................... 76 SECTION 2.10. [RESERVED]............................................................... 63 ......................................... 76 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ......... 76 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 ............ 77 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63................ 77

REMIC Elections. 58 76 SECTION 2.08. Covenants of the Servicer................................................ 62 ............................. 81 SECTION 2.09. [RESERVED]............................................................... 62 SECTION 2.10. [RESERVED]............................................................... 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust..................... 81 SECTION 2.122.10. Qualification of Qualifying Special Purpose Entity.................................. 63 ..................... 81 SECTION 2.132.11. Depositor Notification of NIM Notes...................................... 63................... 81

REMIC Elections. 58 75 SECTION 2.08. [RESERVED].......................................................... 80 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ........................................... 80 SECTION 2.10. [RESERVED]............................................................... 63 .......................................................... 80 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 .......................... 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ................................... 81 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63................................. 81 ARTICLE III

REMIC Elections. 58 65 SECTION 2.08. [RESERVED]........................................... 69 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 69 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 70 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust.................... 70 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 70 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS............... 70

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]........................................... 80 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ............................ 80 SECTION 2.10. [RESERVED]............................................................... 63 ........................................... 80 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ........... 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 .................... 81 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................. 81

REMIC Elections. 58 63 SECTION 2.08. [RESERVED].......................................66 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 ........................66 SECTION 2.10. [RESERVED]............................................................... 63 Consequence of Subsequent Mortgage Loans.........66 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust................66 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63................66

REMIC Elections. 58 68 SECTION 2.08. Covenants of the Servicer................................................ 62 Servicing Administrator.............72 SECTION 2.09. [RESERVED]............................................................... 62 Covenants of the Servicer............................73 SECTION 2.10. [RESERVED]............................................................... 63 Related Agreements...................................73 SECTION 2.11. Conveyance of Subsequent Mortgage Loans..............73 SECTION 2.12. Permitted Activities of the Issuing Entity............................... 63 Trust....................76 SECTION 2.122.13. Qualification of Qualifying Special Purpose Entity.................................. 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63....................76

REMIC Elections. 58 75 SECTION 2.08. [RESERVED]............................................. 80 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 .............................. 80 SECTION 2.10. [RESERVED]............................................................... 63 ............................................. 80 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 81 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ...................... 81 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 81

REMIC Elections. 58 50 SECTION 2.08. [RESERVED]............................................................... 53 SECTION 2.09. Covenants of the Servicer................................................ 62 SECTION 2.09. [RESERVED]............................................................... 62 53 SECTION 2.10. [RESERVED]............................................................... 63 53 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 54 SECTION 2.12. Qualification of Qualifying Special Purpose Entity.................................. 63 ........................................ 54 SECTION 2.13. Depositor Notification of NIM Notes...................................... 6354

REMIC Elections. 58 59 SECTION 2.08. Covenants of the Servicer................................................ 62 .............................. 65 SECTION 2.09. [RESERVED]............................................................... 62 ............................................. 65 SECTION 2.10. [RESERVED]............................................................... 63 Conveyance of Subsequent Mortgage Loans................ 65 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ............. 67 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 ................ 68 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63.................... 68

REMIC Elections. 58 70 SECTION 2.08. Covenants of the Servicer................................................ 62 ............................ 75 SECTION 2.09. [RESERVED]............................................................... 62 SECTION 2.10. [RESERVED]............................................................... 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 ........... 75 SECTION 2.122.10. Qualification of Qualifying Special Purpose Entity.................................. 63 .................... 75 SECTION 2.132.11. Depositor Notification of NIM Notes...................................... 63.................. 76 ARTICLE III ADMINISTRATION AND SERVICING OF MORTGAGE LOANS............... 76

REMIC Elections. 58 50 SECTION 2.08. Covenants of the Servicer................................................ 62 ................................... 53 SECTION 2.09. [RESERVED]............................................................... 62 .................................................. 53 SECTION 2.10. [RESERVED]............................................................... 63 .................................................. 53 SECTION 2.11. Permitted Activities of the Issuing Entity............................... 63 Trust Fund...................... 53 SECTION 2.12. Qualification of Special Purpose Entity.................................. 63 ..................... 53 SECTION 2.13. Depositor Notification of NIM Notes...................................... 63......................... 53

REMIC Elections. 58 SECTION 2.08. Covenants of the Servicer................................................ .............................. 62 SECTION 2.09. [RESERVED]............................................................... ............................................. 62 SECTION 2.10. [RESERVED]............................................................... ............................................. 63 SECTION 2.11. Permitted Activities of the Issuing Entity............................... ............. 63 SECTION 2.12. Qualification of Special Purpose Entity.................................. ................ 63 SECTION 2.13. Depositor Notification of NIM Notes...................................... .................... 63