Representations and Warranties Covenants Remedies and Breach. Section 3.1 Representations and Warranties of the Company and the Additional Seller 28 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans; Eligibility Representations 34 Section 3.3 Remedies for Breach of Representations and Warranties 43 Section 3.4 Conditions to Closing 44 Section 3.5 Covenants of the Purchaser, the Company and the Additional Seller 45 ARTICLE IV ADMINISTRATION AND SERVICING OF ELIGIBLE LOANS Page
Representations and Warranties Covenants Remedies and Breach. Section 3.1 Representations and Warranties of the Company and the Additional Seller .............................................................. 30 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans; Eligibility Representations .................................................... 36 Section 3.3 Remedies for Breach of Representations and Warranties .......................... 46 Section 3.4 Conditions to Closing .......................................................... 47 Section 3.5 Covenants of the Purchaser, the Company and the Additional Seller .............. 47
Representations and Warranties Covenants Remedies and Breach. 23 Section 3.1 Representations and Warranties of the Company 23 Section 3.2 Representations and Warranties Regarding Individual Mortgage Loans; Eligibility Representations 26 Section 3.3 Remedies for Breach of Representations and Warranties, First Pay Default Loans 35 Section 3.4 Conditions to Closing 36 Section 3.5 Covenants of the Company and the Purchaser 36 ARTICLE 4 ADMINISTRATION AND SERVICING OF MORTGAGE LOANS 38 Section 4.1 The Company to Act as Servicer; Servicing and Administration of the Mortgage Loans 38 Section 4.2 Sales 40 Section 4.3 Liquidation of Mortgage Loans 42 Section 4.4 Collection of Mortgage Loan Payments 42 Section 4.5 Establishment of, and Deposits to, Collection Account 43 Section 4.6 Permitted Withdrawals From Collection Account; Deposit into the Collateral Account 43 Section 4.7 Establishment of, and Deposits to, Proceeds Account 45 Section 4.8 Permitted Withdrawals From Proceeds Account 46 TABLE OF CONTENTS (continued) Page Section 4.9 Servicing Advances 46 Section 4.10 Protection of Accounts 46 Section 4.11 Maintenance of Hazard Insurance 47 Section 4.12 Maintenance of Mortgage Impairment Insurance 48 Section 4.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance Policy 48 Section 4.14 Inspections 49 Section 4.15 Restoration of Mortgaged Property 49 Section 4.16 [Reserved] 49 Section 4.17 Title, Management and Disposition of REO Property 49 Section 4.18 Servicer Reports 50 Section 4.19 Real Estate Owned Reports 50 Section 4.20 Liquidation Reports 50 Section 4.21 Reports of Foreclosures and Abandonments of Mortgaged Property 50 Section 4.22 [Reserved] 50 Section 4.23 Monthly Disposition Report 51 Section 4.24 Monthly Portfolio Report 51 Section 4.25 Servicer Advance Facility 51 Section 4.26 Covenant Compliance Certificates 52 ARTICLE 5 SERVICER ADVANCES 52 Section 5.1 Monthly Advances 52 ARTICLE 6 GENERAL SERVICING PROCEDURES 53 Section 6.1 Transfers of Mortgaged Property 53 Section 6.2 Satisfaction of Mortgages and Release of Mortgage Loan Files 53 Section 6.3 Servicing Compensation 54 Section 6.4 Annual Statement as to Compliance 54 Section 6.5 Annual Financials, Annual Independent Public Accountants’ Servicing Report 54 Section 6.6 Right to Examine Servicer Records 55 ARTICLE 7 REPURCHASE OBLIGATION 55 TABLE OF CONTENTS (continued) Page Section 7.1 Servicer’s Repurchase Obligations 55 ARTICLE 8 SERVICER TO COOPERATE 56 Section 8.1 Provision of Information 56 ARTICLE 9 THE SERVICER 56 Section 9.1 Indemnificatio...
Representations and Warranties Covenants Remedies and Breach
