Common use of Statements to the Owner Clause in Contracts

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report (a “Report”), as of the last Business Day of each month, in the Servicer’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner no later than the fifth Business Day of the month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the Servicer’s assigned loan number order. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. (a) Not later than five (5) days prior to each related Remittance Date, the Servicer shall forward to the Owner a statement in the form specified and with the information required by the monthly reporting format of the Master Servicer, as provided to the Servicer by the Owner. Such statement shall also include information regarding delinquencies on Mortgage Loans, indicating the number and aggregate principal amount of Mortgage Loans which are either one (1), two (2) or three (3) or more months delinquent. The Servicer shall furnish submit to the Owner an individual Mortgage Loan accounting monthly a liquidation report (a “Report”), as of the last Business Day of each month, in the Servicer’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner no later than the fifth Business Day of the month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance Mortgaged Property sold in a foreclosure sale as of the Mortgage Loans; (iv) the number related Record Date and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Ownernot previously reported. The Servicer shall also provide with each such Report a trial balance, sorted information as set forth above to the Owner in electronic form in the Servicer’s assigned standard format, a copy of which has been provided by the Servicer. (b) In addition, the Servicer shall submit to the Owner monthly loan-by-loan number order. default information including, without limitation, notes made and retained by the Servicer in connection with servicing the defaulted loan, the reasons for the default, updated values of the Mortgaged Property, updated FICO scores on the Mortgagor and information regarding Servicing Advances made. (c) On or after the 16th day of each calendar month, the Servicer shall provide, at the Owner’s request, a list of the Mortgagors as to which Monthly Payments that were due on the immediately preceding Due Date have not yet been received. (d) The Servicer shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority authority, the Mortgagor or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the such Owner to prepare its federal income tax return returns as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report (a “Report”), as of the last Business Day of each month, in the Servicer’s 's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner (i) no later than the fifth Business Day of the following month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer Servicer, and (ii) no later than the tenth Business Day of the following month of the related Remittance Date in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the Servicer’s Owner's assigned loan number order, and such other loan level scheduled-scheduled remittance information as described on Exhibit E, in electronic tape form, with each such Report. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report (a “"Report”"), as of the last Business Day of each monthmonth (or August 31, 2002, in the case of the initial Report), in the Servicer’s 's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner no later than the fifth Business Day of the month of the related Remittance Date (or September 5, 2002, in the case of the initial Report) on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer Servicer, and in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the Servicer’s Owner's assigned loan number order, and such other loan level information as described on Exhibits E and F, in electronic tape form. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer On each Report Date, the Company shall forward to the Owner a statement in electronic format setting forth certain information in respect of the Mortgage Loans as provided in Exhibit B. Within a reasonable period of time after the end of each calendar year, the Company shall furnish to the Initial Owner an individual Mortgage Loan accounting report a statement containing (a “Report”)i) the amount, as if any, of the last Business Day of each month, in the Servicer’s assigned loan number order to document Mortgage Loan payment activity distribution expected on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner no later than the fifth Business Day of the month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; principal and/or interest and (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the number and aggregate Stated Principal Balance of the Mortgage Loans; (iv) Loans at the number and aggregate outstanding close of business on such Remittance Date after giving effect to all distributions allocable to principal balances made on the related Determination Date, including, for this purpose, the Principal Balances of all Mortgage Loans (a) delinquent (1) 30 repurchased pursuant to 59 daysSection 2.02 or 2.04, (2) the proceeds of which are being distributed on the related Remittance Date. Such obligation of the Company shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Company pursuant to any requirements of the Code as from time to time in force. In addition, not more than 60 days after the end of each calendar year, the Company shall furnish to 89 days, (3) 90 days or more; (b) each Person who was an Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to which foreclosure has commenced; and (c) as the aggregate of remittances for the applicable portion of such year. Such obligation of the Company shall be deemed to which REO Property has have been acquired; and (v) such other reports as may reasonably satisfied to the extent that substantially comparable information shall be required provided by the OwnerCompany pursuant to any requirements of the Internal Revenue Code as from time to time are in force. The Servicer Company shall also provide the Owner with each such Report a trial balance, sorted in information concerning the Servicer’s assigned loan number orderMortgage Loans necessary for the Owner to prepare its federal income tax return as the Initial Owner may reasonably request from time to time. The Servicer Company shall prepare and file any and all tax returns, information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer On or prior to each Determination Date, the Company shall furnish forward in electronic format to the Owner an individual a monthly report in Microsoft Excel format with respect to the Mortgage Loan accounting report (a “Report”), as Loans and the period from but including the first day of the last Business Day preceding calendar month through but excluding the first day of each month, such month setting forth certain information in the Servicer’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner no later than the fifth Business Day of the month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer which Report shall contain Mortgage Loans including the following: (i) with respect to each Monthly Paymentthe amount, the amount if any, of such remittance distribution allocable to principal and/or interest; (ii) the amount of related servicing compensation received by the Servicer during Company and the prior distribution periodSubservicer and such other customary information as the Company deems necessary or desirable to enable the Owner to prepare its tax returns; (iii) the number and aggregate Stated Principal Balance of the Mortgage LoansLoans at the close of business on such Remittance Date after giving effect to all distributions allocable to principal made on such Remittance Date, including, for this purpose, the Principal Balances of all Mortgage Loans purchased pursuant to Section 2.02 or 2.04 the proceeds of which are being distributed on such Remittance Date; (iv) on the basis of the most recent reports furnished to it by the Subservicer, the number and aggregate outstanding principal balances of Mortgage Loans in each Mortgage Pool delinquent (a) delinquent (1) 30 to 59 daysone month, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; two or more months, and (c) as to which the number and aggregate balance of Mortgage Loans that are in foreclosure; (v) the number and aggregate balance of REO Property has been acquiredProperties; and (vvi) the Pass-Through Rate for such other reports as may reasonably be required by the OwnerRemittance Date. The Servicer shall also provide with each such Report Within a trial balance, sorted in the Servicer’s assigned loan number order. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from reasonable period of time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer Company shall furnish to each Person who was an “Owner” at any time during the Owner a statement containing the information set forth in clauses (i) and (iii) above aggregated for such calendar year an annual statement in accordance with year. Such obligation of the Company shall be deemed to have been satisfied to the extent that substantially comparable information shall be provided by the Company pursuant to any requirements of applicable federal income tax law the Code as from time to the aggregate of remittances of principal and interest for the applicable portion of such yeartime in force.

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report in the form of Exhibit D (a “Report”)) for the past calendar month, as of the last close of the Business Day of the first day of each monthmonth (or September 1, 2005, in the case of the initial Report), in the Servicer’s assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner from the Servicer by email no later than the fifth Business Day of the month of the related Remittance Date (or September 6, 2005, in the case of the initial Report) on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer Servicer, and in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation Servicing Fee received by the Servicer during the prior distribution periodperiod and the amount of the prepayment penalties on each Mortgage Loan retained by the Servicer; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the ServicerOwner’s assigned loan number order. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report (a “"Report”"), as of the last Business Day of each month, in the Servicer’s 's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner (i) no later than the fifth Business Day of the following month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer Servicer, and (ii) no later than the tenth Business Day of the following month of the related Remittance Date in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the Servicer’s Owner's assigned loan number order, and such other loan level scheduled-scheduled remittance information as described on EXHIBIT E, in electronic tape form, with each such Report. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.

Statements to the Owner. The Servicer shall furnish to the Owner an individual Mortgage Loan accounting report (a “"Report”"), as of the last Business Day of each month, in the Servicer’s 's assigned loan number order to document Mortgage Loan payment activity on an individual Mortgage Loan basis. With respect to each month, such Report shall be received by the Owner (i) no later than the fifth Business Day of the following month of the related Remittance Date on a disk or tape or other computer-readable format, in such format as may be mutually agreed upon by both the Owner and the Servicer Servicer, and (ii) no later than the tenth Business Day of the following month of the related Remittance Date in hard copy, which Report shall contain the following: (i) with respect to each Monthly Payment, the amount of such remittance allocable to interest; (ii) the amount of servicing compensation received by the Servicer during the prior distribution period; (iii) the aggregate Stated Principal Balance of the Mortgage Loans; (iv) the number and aggregate outstanding principal balances of Mortgage Loans (a) delinquent (1) 30 to 59 days, (2) 60 to 89 days, (3) 90 days or more; (b) as to which foreclosure has commenced; and (c) as to which REO Property has been acquired; and (v) such other reports as may reasonably be required by the Owner. The Servicer shall also provide with each such Report a trial balance, sorted in the Servicer’s Owner's assigned loan number order, and such other loan level scheduled-scheduled remittance information as described on Exhibit E, in electronic tape form, with each such Report. The Servicer shall prepare and file any and all information statements or other filings required to be delivered to any governmental taxing authority or to the Owner pursuant to any applicable law with respect to the Mortgage Loans and the transactions contemplated hereby. In addition, the Servicer shall provide the Owner with such information concerning the Mortgage Loans as is necessary for the Owner to prepare its federal income tax return as the Owner may reasonably request from time to time. In addition, not more than 60 days after the end of each calendar year, the Servicer shall furnish to each Person who was an “Owner” Owner at any time during such calendar year an annual statement in accordance with the requirements of applicable federal income tax law as to the aggregate of remittances of principal and interest for the applicable portion of such year.