Common use of REO Property Clause in Contracts

REO Property. 58 Section 3.16. Annual Officer's Certificate as to Compliance.................................................59 Section 3.17. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.

REO Property. 58 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 Compliance ................................................ 60 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Report ............................................. 60 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Commission ........................................ 61 Section 3.19.3.19 EMC .......................................................................................... 62 Section 3.20 UCC .......................................................................................... 62 Section 3.21 Optional Purchase of Defaulted Mortgage Loans ................................................ 62

REO Property. 58 50 Section 3.16. 3.24 Reports to the Trustee....................................50 Section 3.25 Annual Officer's Certificate as to Compliance.................................................59 .............51 Section 3.17. 3.26 Annual Independent Accountant's Accountants' Servicing Report..............................................59 ..........51 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.3.27

REO Property. 58 Section SECTION 3.16. Annual Officer's Certificate as to Compliance.................................................59 Section .......................................... SECTION 3.17. Annual Independent Accountant's Servicing Report..............................................59 Section ....................................... SECTION 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls............................................................................. SECTION 3.19.

REO Property. 58 101 Section 3.169.23. [Reserved]..............................................................................101 Section 9.24. Reports to the Trustee..................................................................101 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 ...........................................102 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 ........................................102 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.199.27.

REO Property. 58 57 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..................58 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19................59

REO Property. 58 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .......................................47 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ....................................47 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ...............................48 Section 3.19.3.19 EMC.................................................................................49 Section 3.20 UCC.................................................................................49 Section 3.21 Optional Purchase of Defaulted Mortgage Loans.......................................49

REO Property. 58 63 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 Compliance ..................................... 63 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Report .................................. 64 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Commission ............................. 64 Section 3.19.3.19 The Company ....................................................................... 66 Section 3.20 UCC.66

REO Property. 58 64 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .....................................65 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ..................................65 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19..............................66 ARTICLE IV ACCOUNTS..................................................................................68

REO Property. 58 62 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ................63 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 .............63 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ........64 Section 3.19.3.19 EMC..........................................................65 Section 3.20 UCC..........................................................65 Section 3.21 Optional Purchase of Defaulted Mortgage Loans................65

REO Property. 58 Section 3.16. Annual Officer's Certificate as to Compliance.................................................59 ..................................................58 Section 3.17. Annual Independent Accountant's Servicing Report.............................................................................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 ..........................................59 Section 3.19.

REO Property. 58 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .............................................60 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ..........................................61 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 .....................................61 Section 3.19.3.19 UCC.......................................................................................62 Section 3.20 Optional Purchase of Defaulted Mortgage Loans.............................................

REO Property. 58 61 Section 3.16. 4.24 [Reserved].................................................62 Section 4.25 Reports to the Indenture Trustee...........................63 Section 4.26 Annual Officer's Certificate as to Compliance.................................................59 ..............63 Section 3.17. 4.27 Annual Independent Accountant's Accountants' Servicing Report..............................................59 ...........64 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 4.28 Merger or Consolidation....................................64 Section 3.19.4.29

REO Property. 58 120 Section 3.169.23. [Reserved]........................................................................................121 Section 9.24. Reports to the Trustee............................................................................121 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 .....................................................121 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 ..................................................122 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.199.27.

REO Property. 58 77 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..............................................78 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ...........................................78 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ......................................79 Section 3.19.3.19 UCC........................................................................................80 Section 3.20 Obligation of the Master Servicer in Respect of Compensating Interest......................80 -i-

REO Property. 58 49 Section 3.16. Annual Officer's Certificate as to Compliance.................................................59 ................49 Section 3.17. Annual Independent Accountant's Servicing Report..............................................59 .............50 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 ........50 Section 3.19.. The EMC Master Servicer......................................51 Section 3.20. Optional Purchase of Defaulted Mortgage Loans................51 ARTICLE IV. ACCOUNTS

REO Property. 58 Section 3.16115 SECTION 4.15. Annual Officer's Certificate as to Compliance.................................................59 Section 3.17........................................116 SECTION 4.16. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18.....................................116 SECTION 4.17. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.UCC..................................................................................117

REO Property. 58 49 Section 3.16. 3.18 Annual Officer's Certificate as to Compliance.................................................59 .........................................49 Section 3.17. 3.19 Annual Independent Accountant's Accountants' Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.......................................50 ARTICLE IV

REO Property. 58 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance..................................................................59 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ..............60 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission..................................................60 Section 3.19.3.19 The Company...................................................61 Section 3.20 UCC...........................................................61 Section 3.21 Optional Purchase of Defaulted Mortgage Loans.................61

REO Property. 58 Section 3.16. Annual Officer's Certificate as to Compliance.................................................59 .........................................46 Section 3.17. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.......................................47

REO Property. 58 55 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 Compliance ............................................ 56 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Report ......................................... 56 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.Commission .................................... 57 ARTICLE IV ACCOUNTS ...................................................................................... 59

REO Property. 58 60 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ............................................. 60 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 .......................................... 61 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ..................................... 61 Section 3.19.3.19 Amendments to Master Servicing Guide and Correspondent Sellers Guide...................... 62 Section 3.20 UCC....................................................................................... 62 Section 3.21

REO Property. 58 59 Section 3.16. Annual Officer's Certificate as to Compliance.............................................................................................59 Section 3.17. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.60

REO Property. 58 Section 3.16SECTION 4.15. Annual Officer's Certificate as to Compliance.................................................59 Section 3.17....................................... SECTION 4.16. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18.................................... SECTION 4.17. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.Reserved............................................................................

REO Property. 58 Section 3.16. 71 SECTION 3.16 Annual Officer's Certificate as to Compliance.................................................59 Section 3.17. ............. 71 SECTION 3.17 Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. .......... 72 SECTION 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section ..... 72 SECTION 3.19.

REO Property. 58 50 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ...............................................50 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ............................................51 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19........................................52

REO Property. 58 50 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..................51 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ...............51 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ..........52 Section 3.19.3.19 EMC............................................................53 Section 3.20 UCC............................................................53 Section 3.21 Optional Purchase of Defaulted Mortgage Loans..................53

REO Property. 58 11 Section 3.16. 2.15 Annual Officer's Certificate as to Compliance.................................................59 ..................................................12 Section 3.17. 2.16 Annual Independent Accountant's Servicing Report..............................................59 ...............................................12 Section 3.18. Reports Filed with Securities 2.17 Reserved.......................................................................................13 Section 2.18 UCC............................................................................................13 Section 2.19 Foreclosure Proceedings, and Exchange Commission.........................................60 Optional Purchase of Delinquent and Defaulted Mortgage Loans......13 Section 3.19.2.20

REO Property. 58 100 Section 3.169.23. [Omitted].................................................................................100 Section 9.24. Reports to the Trustee....................................................................100 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 .............................................101 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 ..........................................101 Section 3.189.27. Reports Filed with Securities and Exchange Commission.........................................60 Merger or Consolidation...................................................................102 Section 3.199.28.

REO Property. 58 50 Section 3.16. Annual Officer's Certificate as to Compliance.................................................59 ...............50 Section 3.17. Annual Independent Accountant's Servicing Report..............................................59 ............51 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 .......51 Section 3.19.

REO Property. 58 119 Section 3.169.23. [Omitted].................................................................................120 Section 9.24. Reports to the Trustee....................................................................120 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 .............................................120 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 ..........................................121 Section 3.189.27. Reports Filed with Securities and Exchange Commission.........................................60 Merger or Consolidation...................................................................121 Section 3.199.28.

REO Property. 58 49 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ....................................50 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 .................................50 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ............................51 Section 3.19.3.19 EMC..............................................................................51 Section 3.20 UCC..............................................................................52

REO Property. 58 48 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ................................49 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 .............................49 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ........................50 Section 3.19.3.19 EMC..........................................................................50 Section 3.20 UCC..........................................................................50

REO Property. 58 47 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 48 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 48 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 49 Section 3.19.3.19 EMC...........................................................................................49 Section 3.20 UCC...........................................................................................49 Section 3.21 Optional Purchase of Defaulted Mortgage Loans.................................................50 Article IV Accounts TABLE OF CONTENTS (continued) Page

REO Property. 58 69 Section 3.16. 4.16 Annual Officer's Certificate as to Compliance.................................................59 ...............................................69 Section 3.17. 4.17 Annual Independent Accountant's Servicing Report..............................................59 ............................................70 Section 3.18. 4.18 Reports Filed with Securities and Exchange Commission.........................................60 .......................................70 Section 3.19.4.19 UCC.........................................................................................71 Section 4.20 Optional Purchase of Certain Mortgage Loans.................................................71 ARTICLE V

REO Property. 58 60 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..............60 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ...........61 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ......61 Section 3.19.3.19 Amendments to Master Servicing Guide and Correspondent Sellers Guide................................62 Section 3.20 UCC........................................................62 Section 3.21

REO Property. 58 100 Section 3.169.23. [Omitted]............................................100 Section 9.24. Reports to the Trustee...............................100 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 ........101 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 .....101 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.199.27.

REO Property. 58 Section 3.16SECTION 4.15. Annual Officer's Certificate as to Compliance.................................................59 Section 3.17...................................... SECTION 4.16. Annual Independent Accountant's Servicing Report..............................................59 Section 3.18................................... SECTION 4.17. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.UCC................................................................................

REO Property. 58 81 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..................82 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ...............82 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ..........83 Section 3.19.3.19 [Reserved].....................................................83 Section 3.20 UCC............................................................83 Section 3.21 Optional Purchase of Defaulted Mortgage Loans..................84

REO Property. 58 71 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .................71 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ..............72 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 .........72 Section 3.19.3.19 The Company...................................................73 Section 3.20 UCC...........................................................73 Section 3.21 Optional Purchase of Defaulted Mortgage Loans.................73 Section 3.22 [Reserved]....................................................74

REO Property. 58 116 Section 3.169.23. [Reserved].......................................................................................116 Section 9.24. Reports to the Trustee...........................................................................116 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 ....................................................117 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 .................................................118 Section 3.189.27. Reports Filed with Securities and Exchange Commission.........................................60 Merger or Consolidation..........................................................................118 Section 3.199.28.

REO Property. 58 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance................................................................................................59 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.............................................60

REO Property. 58 49 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ...............................................49 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ............................................50 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19........................................50

REO Property. 58 65 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 Compliance ........................................................ 66 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Report ..................................................... 67 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19.Commission ................................................ 67 ARTICLE IV ACCOUNTS .................................................................................................... 69

REO Property. 58 77 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ..............................................78 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ...........................................78 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 ......................................79 Section 3.19.3.19 UCC........................................................................................80 Section 3.20 Obligation of the Master Servicer in Respect of Compensating Interest......................80

REO Property. 58 47 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .........................................48 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ......................................48 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.................................49 Section 3.19 EMC...................................................................................50 Section 3.20 UCC...................................................................................50 Section 3.21 Optional Purchase of Defaulted Mortgage Loans.........................................60 Section 3.19.50

REO Property. 58 88 Section 3.169.23. [Omitted]...............................................88 Section 9.24. Reports to the Trustee..................................89 Section 9.25. Annual Officer's Certificate as to Compliance.................................................59 ...........89 Section 3.179.26. Annual Independent Accountant's Accountants' Servicing Report..............................................59 ........90 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.199.27.

REO Property. 58 53 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 ................54 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 Section 3.18. Reports Filed with Securities and Exchange Commission.........................................60 Section 3.19............

REO Property. 58 49 Section 3.16. 3.16 Annual Officer's Certificate as to Compliance.................................................59 .........................................50 Section 3.17. 3.17 Annual Independent Accountant's Servicing Report..............................................59 ......................................51 Section 3.18. 3.18 Reports Filed with Securities and Exchange Commission.........................................60 .................................51 Section 3.19.3.19 UCC...................................................................................52 Section 3.20 Obligation of the Master Servicer in respect of Compensating Interest.................52 Section 3.21 Reserved..............................................................................53