Common use of Sub-Servicing Agreements Between Servicer and Sub-Servicer Clause in Contracts

Sub-Servicing Agreements Between Servicer and Sub-Servicer. The Servicer may enter into sub-servicing agreements (each a "Sub-Servicing Agreement") with sub-servicers (each, a "Sub-Servicer") which may include Homes, an affiliate of the Servicer, for the servicing and administration of any or all of the Accounts. In the event that any such Sub-Servicing Agreement exists, the Sub-Servicer will represent and warrant that it is duly organized and existing under the applicable laws of the United States or any state and is duly qualified and licensed to do business in each state in which Mortgaged Property relating to an Account to be serviced under such Sub-Servicing Agreement is located. The requirements of the immediately preceding sentence of this Section 2.02 shall not apply to any sub-servicing agreement entered into by the Successor Servicer upon its assuming the rights, powers, duties and responsibilities of the Servicer hereunder pursuant to Section 5.01 hereof. For purposes of this Agreement (except as otherwise provided herein), the Servicer shall be deemed to have received payments on Accounts referred to in Sections 2.07 and 2.15 when the Sub-Servicer has received such payments. The Servicer and any Sub-Servicer may enter into amendments of a Sub-Servicing Agreement; provided, however, that any such amendments shall be consistent with and not violate the provisions of this Agreement. Copies of all amendments shall promptly be sent as provided in Section 7.04 hereof to the Trustee.

Sub-Servicing Agreements Between Servicer and Sub-Servicer. The Servicer may enter into sub-servicing agreements (each each, a "Sub-Servicing Agreement") with sub-servicers (each, a "Sub-Servicer") which may include Homes, an affiliate affiliates of the Servicer, for the servicing and administration of any or all of the Accounts. In the event that any such Sub-Servicing Agreement exists, the Sub-Servicer will represent and warrant that it is duly organized and existing under the applicable laws of the United States or any state and is duly qualified and licensed to do business in each state in which the Mortgaged Property relating to an Account to be serviced under such Sub-Servicing Agreement is located. The requirements of the immediately preceding sentence of this Section 2.02 shall not apply to any subAny such Sub-servicing agreement Servicing Agreement entered into by the Successor Servicer upon shall not be less favorable to the Issuer in its assuming the rights, powers, duties and responsibilities of the Servicer hereunder pursuant to Section 5.01 hereofreasonable judgment. For purposes of this Agreement (except as otherwise provided herein), the Servicer shall be deemed to have received payments on Accounts referred to in Sections 2.07 and 2.15 when the Sub-Servicer has received such payments. The Servicer and any Sub-Servicer may enter into amendments of a Sub-Servicing Agreement; provided, however, that any such amendments shall be consistent with and not violate the provisions of this Agreement. Copies of all amendments shall promptly be sent as provided in Section 7.04 hereof to the Indenture Trustee.

Sub-Servicing Agreements Between Servicer and Sub-Servicer. The Servicer may enter into sub-servicing agreements (each each, a "Sub-Servicing Agreement") with sub-servicers (each, a "Sub-Servicer") which may include Homes, an affiliate affiliates of the Servicer, for the servicing and administration of any or all of the AccountsMortgage Loans. In the event that any such Sub-Servicing Agreement exists, the Sub-Servicer will represent and warrant that it is duly organized and existing under the applicable laws of the United States or any state and is duly qualified and licensed to do business in each state in which the Mortgaged Property relating to an Account a Mortgage Loan to be serviced under such Sub-Servicing Agreement is located. The requirements of the immediately preceding sentence of this Section 2.02 shall not apply to any subAny such Sub-servicing agreement Servicing Agreement entered into by the Successor Servicer upon shall not be less favorable to the Issuer in its assuming the rights, powers, duties and responsibilities of the Servicer hereunder pursuant to Section 5.01 hereofreasonable judgment. For purposes of this Agreement (except as otherwise provided herein), the Servicer shall be deemed to have received payments on Accounts Mortgage Loans referred to in Sections 2.07 and 2.15 when the Sub-Servicer has received such payments. The Servicer and any Sub-Servicer may enter into amendments of a Sub-Servicing Agreement; provided, however, that any such amendments shall be consistent with and not violate the provisions of this Agreement. Copies of all amendments shall promptly be sent as provided in Section 7.04 hereof to the Indenture Trustee.

Sub-Servicing Agreements Between Servicer and Sub-Servicer. The Servicer may enter into sub-servicing agreements (each each, a "Sub-Servicing Agreement") with sub-servicers (each, a "Sub-Servicer") which may include Homes, an affiliate affiliates of the Servicer, for the servicing and administration of any or all of the AccountsMortgage Assets. In the event that any such Sub-Servicing Agreement exists, the Sub-Servicer will represent and warrant that it is duly organized and existing under the applicable laws of the United States or any state and is duly qualified and licensed to do business in each state in which the Mortgaged Property relating to an Account a Mortgage Asset to be serviced under such Sub-Servicing Agreement is located. The requirements of the immediately preceding sentence of this Section 2.02 shall not apply to any subAny such Sub-servicing agreement Servicing Agreement entered into by the Successor Servicer upon shall not be less favorable to the Issuer in its assuming the rights, powers, duties and responsibilities of the Servicer hereunder pursuant to Section 5.01 hereofreasonable judgment. For purposes of this Agreement (except as otherwise provided herein), the Servicer shall be deemed to have received payments on Accounts Mortgage Assets referred to in Sections 2.07 and 2.15 when the Sub-Servicer has received such payments. The Servicer and any Sub-Servicer may enter into amendments of a Sub-Servicing Agreement; provided, however, that any such amendments shall be consistent with and not violate the provisions of this Agreement. Copies of all amendments shall promptly be sent as provided in Section 7.04 hereof to the Indenture Trustee, the Rating Agencies and any Document Custodian.