Common use of Reporting of Delinquent Mortgage Loans Clause in Contracts

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to provide to the Class B Holder the following notices and reports: Within three (3) Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each Series, the number and aggregate Principal Balance of the Mortgage Loans delinquent one, two and three months or more, together with the Principal Balance of each Mortgage Loan delinquent, one, two and three months or more; (2) With respect to each Series, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated, and (ii) the number and aggregate book value of Mortgaged Properties acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiated, and (ii) the book value of each Mortgaged Property acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Date, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by the Class B Holder, the Company shall make its servicing personnel available to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable out-of-pocket expenses incurred by it in providing such information.

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to shall provide to the Class B Holder an electronic file containing the following notices and reports: Within information on a monthly basis within three (3) Business Days business days after each Distribution Date (or included in or Date; provided, however, that the information provided hereunder shall be consistent with the monthly statements information provided to Certificateholders the Trustee pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each SeriesSeries of Class B Certificates, the number and aggregate Principal Balance unpaid principal balance of the Mortgage Loans which are delinquent one, two and three months or more, together with the Principal Balance unpaid principal balance of each Mortgage Loan which is delinquent, one, two and three months or more; (2) With respect to each SeriesSeries of Class B Certificates, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure (as hereinafter defined) has occurred, and (ii) the number and aggregate book value (if available) of Mortgaged Properties which have been acquired through foreclosureforeclosure of the related Mortgage Loans, the acceptance of a deed in lieu of foreclosure or other the exercise of other rights respecting the applicable Trustee's security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance unpaid principal balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure has occurred, and (ii) the book value (if available) of each Mortgaged Property acquired through foreclosureforeclosure of the related Mortgage Loan, the acceptance of a deed in lieu of foreclosure or other exercise of other rights respecting the Trustee's security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Dateand, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by For purposes of this Agreement, "Commencement of Foreclosure" shall mean the Class B Holderfirst official action required under local law in order to commence foreclosure proceedings or to schedule a trustee's sale under a deed of trust, including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose, or (ii) in the case of a deed of trust, the Company shall make its servicing personnel available to respond to reasonable inquiriesposting, by phone publishing, filing or delivery of a notice of sale, but not including in writing by facsimile, electroniceither case (x) the filing or delivery of any notice of default, or overnight mail transmissionnotice of intent to foreclose or sell or any other action which is a prerequisite to the actions specified in (i) or (ii) above, or (y) the acceptance of a deed-in-lieu of foreclosure (whether in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that a sale of the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the related Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable outor otherwise) or (z) initiation and completion of a short pay-of-pocket expenses incurred by it in providing such informationoff of a Mortgage Loan.

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to provide to the Class B Holder the following notices and reports: Within three (3) Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each Series, the number and aggregate Principal Balance of the Mortgage Loans delinquent one, two and three months or more, together with the Principal Balance of each Mortgage Loan delinquent, one, two and three months or more; (2) With respect to each Series, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated, and (ii) the number and aggregate book value of Mortgaged Properties acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiated, and (ii) the book value of each Mortgaged Property acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Date, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by the Class B Holder, the Company shall make its servicing personnel available to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable out-of-pocket expenses incurred by it in providing such information.the

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Residual Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Residual Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to shall provide to the Class B Residual Holder an electronic file containing the following notices and reports: Within information on a monthly basis within three (3) Business Days business days after each Distribution Date (or included in or Date; provided, however, that the information provided hereunder shall be consistent with the monthly statements information provided to Certificateholders the Trustee pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each SeriesSeries of Residual Certificates, the number and aggregate Principal Balance unpaid principal balance of the Mortgage Loans which are delinquent one, two and three months or more, together with the Principal Balance unpaid principal balance of each Mortgage Loan which is delinquent, one, two and three months or more; (2) With respect to each SeriesSeries of Residual Certificates, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure (as hereinafter defined) has occurred, and (ii) the number and aggregate book value (if available) of Mortgaged Properties which have been acquired through foreclosureforeclosure of the related Mortgage Loans, the acceptance of a deed in lieu of foreclosure or other the exercise of other rights respecting the applicable Trustee's security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance unpaid principal balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure has occurred, and (ii) the book value (if available) of each Mortgaged Property acquired through foreclosureforeclosure of the related Mortgage Loan, the acceptance of a deed in lieu of foreclosure or other exercise of other rights respecting the Trustee's security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Dateand, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by For purposes of this Agreement, "Commencement of Foreclosure" shall mean the Class B Holderfirst official action required under local law in order to commence foreclosure proceedings or to schedule a trustee's sale under a deed of trust, including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose, or (ii) in the case of a deed of trust, the Company shall make its servicing personnel available to respond to reasonable inquiriesposting, by phone publishing, filing or delivery of a notice of sale, but not including in writing by facsimile, electroniceither case (x) the filing or delivery of any notice of default, or overnight mail transmissionnotice of intent to foreclose or sell or any other action which is a prerequisite to the actions specified in (i) or (ii) above, or (y) the acceptance of a deed-in-lieu of foreclosure (whether in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that a sale of the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the related Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable outor otherwise) or (z) initiation and completion of a short pay-of-pocket expenses incurred by it in providing such informationoff of a Mortgage Loan.

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to Company will provide to the Class B Holder the following notices and reports: Within three (3) Business Days after information available on its website at wxx.xxxxxxxxxxxxxxx.xxx on each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following informationDate: (1) With respect to each Series, the number and aggregate Principal Balance of the Mortgage Loans delinquent one, two and three months or more, together with the Principal Balance of each Mortgage Loan delinquent, one, two and three months or more; (2) With respect to each Series, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated, and (ii) the number and aggregate book value of Mortgaged Properties acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's ’s security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiated, and (ii) the book appraised value of each Mortgaged Property acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's ’s security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Date, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by the Class B Holder, the Company shall make its servicing personnel available to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable out-of-pocket expenses incurred by it in providing such information.

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Residual Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Residual Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to shall provide to the Class B Residual Holder an electronic file containing the following notices and reports: Within information on a monthly basis within three (3) Business Days business days after each Distribution Date (or included in or Date; provided, however, that the information provided hereunder shall be consistent with the monthly statements information provided to Certificateholders the Trustee pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each SeriesSeries of Residual Certificates, the number and aggregate Principal Balance unpaid principal balance of the Mortgage Loans which are delinquent one, two and three months or more, together with the Principal Balance unpaid principal balance of each Mortgage Loan which is delinquent, one, two and three months or more; (2) With respect to each SeriesSeries of Residual Certificates, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure (as hereinafter defined) has occurred, and (ii) the number and aggregate book value (if available) of Mortgaged Properties which have been acquired through foreclosureforeclosure of the related Mortgage Loans, the acceptance of a deed in lieu of foreclosure or other the exercise of other rights respecting the applicable Trustee's ’s security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance unpaid principal balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiatedCommencement of Foreclosure has occurred, and (ii) the book value (if available) of each Mortgaged Property acquired through foreclosureforeclosure of the related Mortgage Loan, the acceptance of a deed in lieu of foreclosure or other exercise of other rights respecting the Trustee's ’s security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Dateand, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by For purposes of this Agreement, “Commencement of Foreclosure” shall mean the Class B Holderfirst official action required under local law in order to commence foreclosure proceedings or to schedule a trustee’s sale under a deed of trust, including (i) in the case of a mortgage, any filing or service of process necessary to commence an action to foreclose, or (ii) in the case of a deed of trust, the Company shall make its servicing personnel available to respond to reasonable inquiriesposting, by phone publishing, filing or delivery of a notice of sale, but not including in writing by facsimile, electroniceither case (x) the filing or delivery of any notice of default, or overnight mail transmissionnotice of intent to foreclose or sell or any other action which is a prerequisite to the actions specified in (i) or (ii) above, or (y) the acceptance of a deed-in-lieu of foreclosure (whether in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that a sale of the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the related Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable outor otherwise) or (z) initiation and completion of a short pay-of-pocket expenses incurred by it in providing such informationoff of a Mortgage Loan.

Reporting of Delinquent Mortgage Loans. (a) To the extent and for so long as the Class B Certificates of a Series are outstanding and any interest in such Class B Certificates is held by the Class B Holder, the Company, as Master Servicer of the Mortgage Loans related to each Series, hereby agrees to provide to the Class B Holder the following notices and reports: Within three (3) Business Days after each Distribution Date (or included in or with the monthly statements to Certificateholders pursuant to the related Pooling and Servicing Agreement), the Company shall provide to the Class B Holder a report, in tape format, containing the following information: (1) With respect to each Series, the number and aggregate Principal Balance of the Mortgage Loans delinquent one, two and three months or more, together with the Principal Balance of each Mortgage Loan delinquent, one, two and three months or more; (2) With respect to each Series, the (i) number and aggregate Principal Balance of Mortgage Loans with respect to which foreclosure proceedings have been initiated, and (ii) the number and aggregate book value of Mortgaged Properties acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the Mortgage Loans, and with respect to each Mortgage Loan, the (i) Principal Balance of each such Mortgage Loan with respect to which foreclosure proceedings have been initiated, and (ii) the book value of each Mortgaged Property acquired through foreclosure, deed in lieu of foreclosure or other exercise of rights respecting the Trustee's security interest in the related Mortgage Loan; and (3) With respect to each Series, the amount of Realized Losses allocable to the Certificates on the related Distribution Date and the cumulative amount of Realized Losses allocated to such Certificates since the Cut-off Date, and with respect to each Mortgage Loan, the amount of Realized Losses attributable to such Mortgage Loan on the related Distribution Date and the cumulative amount of Realized Losses attributable to such Mortgage Loan since the Cut-Cut- off Date. In addition, the Company, as Master Servicer of the Mortgage Loans, shall send, or shall cause the related servicer to send, to the Class B Holder all other written reports, documentation, instruments, certificates and correspondences provided by a servicer under the terms of the Servicer Guide with respect to any Mortgage Loan that becomes sixty (60) days or more delinquent. (b) If requested by the Class B Holder, the Company shall make its servicing personnel available to respond to reasonable inquiries, by phone or in writing by facsimile, electronic, or overnight mail transmission, in connection with any Mortgage Loan identified in any report or document provided pursuant to clause (a) above; provided, that the Company shall only be required to provide information that is reasonably accessible to its servicing personnel (or its subservicers). (c) In addition to the information described above, the Company shall provide to the Class B Holder such information as the Class B Holder may reasonably request; provided, however, that the Mortgage Loans are Delinquent Mortgage Loans or the Mortgaged Property has been foreclosed upon. The Class B Holder will reimburse the Company for any reasonable out-of-pocket expenses incurred by it in providing such information.