Subservicing Accounts. In those cases where a Subservicer is servicing a Mortgage Loan pursuant to a Subservicing Agreement, the Subservicer will be required to establish and maintain one or more accounts (collectively, the "Subservicing Account"). The Subservicing Account shall be an Eligible Account and shall otherwise be acceptable to the Servicer. The Subservicer shall deposit in the clearing account (which account must be an Eligible Account) in which it customarily deposits payments and collections on mortgage loans in connection with its mortgage loan servicing activities on a daily basis, and in no event more than one Business Day after the Subservicer's receipt thereof, all proceeds of Mortgage Loans received by the Subservicer less its servicing compensation to the extent permitted by the Subservicing Agreement, and shall thereafter deposit such amounts in the Subservicing Account, in no event more than two Business Days after the deposit of such funds into the clearing account. The Subservicer shall thereafter deposit such proceeds in the Collection Account or remit such proceeds to the Servicer for deposit in the Collection Account not later than two Business Days after the deposit of such amounts in the Subservicing Account. For purposes of this Agreement, the Servicer shall be deemed to have received payments on the Mortgage Loans when the Subservicer receives such payments.
Subservicing Accounts. Section 3.09 Collection of Taxes, Assessments and Similar Items; Escrow Accounts............................................. Section 3.10
Subservicing Accounts. 94 Section 3.09 Collection of Taxes, Assessments and Similar Items; Escrow Accounts......................................... 95 Section 3.10 Collection Accounts..................................... 96 Section 3.11 Withdrawals from the Collection Accounts................ 97 Section 3.12 Investment of Funds in the Accounts..................... 99 Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage......................... 101 Section 3.14 Enforcement of Due-On-Sale Clauses Assumption Agreements.............................................. 102 Section 3.15 Realization Upon Defaulted Mortgage Loans............... 103 Section 3.16 Release of Mortgage Files............................... 105 Section 3.17 Title, Conservation and Disposition of REO Property..... 106 Section 3.18
Subservicing Accounts. In those cases where a Subservicer is servicing a Mortgage Loan pursuant to a Subservicing Agreement, the Subservicer will be required to establish and maintain one or more accounts (collectively, the "Subservicing Account"). The Subservicing Account shall be insured by the FDIC to the limits established by such corporation, and shall be segregated on the books of the Subservicer and relate only to the Mortgage Loans subject to this Agreement and other mortgage loans owned or serviced by Seller. All funds deposited in the Subservicing Account shall be held for the benefit of Seller. The Subservicer shall deposit in the Subservicing Account on a daily basis all amounts of the type described in clauses (a) through (f) of Section 10.09, received by the Subservicer with respect to the Mortgage Loans. On the date set forth in the related Subservicing Agreement (the "Subservicer Remittance Date"), the Subservicer will be required to remit all such amounts to Seller, except, if applicable, any Monthly Payment received which constitutes a late recovery with respect to which a Subservicer Advance (as defined below) was previously made; and, if the Subservicing Agreement so provides, the Subservicer will also be required to remit, with respect to each Mortgage Loan for which the Monthly Payment due on the immediately preceding Due Date was delinquent as of the Subservicer Remittance Date, an amount equal to such Monthly Payment net of the related Subservicing Fee (a "Subservicer Advance"). The Subservicer may deduct from each remittance, as provided above, an amount equal to Subservicing Fees to which it is then entitled to the extent not previously paid to or retained by it. Seller is not obligated to require in a Subservicing Agreement that any Subservicer make Subservicer Advances as described above.
Subservicing Accounts. Section 3.09 Collection of Taxes, Assessments and Similar Items; Escrow Accounts Section 3.10 Collection Account Section 3.11 Withdrawals from the Collection Account
Subservicing Accounts. 63 Section 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts..............................................................................64 Section 3.10. Collection Account and Certificate Account............................................64 Section 3.11. Withdrawals from the Collection Account and Certificate Account.......................67 Section 3.12. Investment of Funds in the Accounts...................................................69 Section 3.13. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.....................................................................70 Section 3.14. Enforcement of Due-on-Sale Clauses; Assumption Agreements.............................72 Section 3.15. Realization upon Defaulted Mortgage Loans.............................................73 Section 3.16. Trustee and Trust Administrator to Cooperate; Release of Mortgage Files.................................................................................75 Section 3.17. Servicing Compensation................................................................76 Section 3.18. Reports to the Trust Administrator and the Trustee; Collection Account Statements....................................................................77 Section 3.19. Statement as to Compliance and Financial Statements...................................78 Section 3.20. Independent Public Accountants' Servicing Report......................................78 Section 3.21. Access to Certain Documentation.......................................................79 Section 3.22. Title, Management and Disposition of REO Property.....................................79 Section 3.23. Prepayment Interest Shortfalls........................................................82 Section 3.24. [Reserved]............................................................................83 Section 3.25. [Reserved]............................................................................83 Section 3.26. Certain Procedures Relating to Successor Subservicers and Successor Master Servicers......................................................................83 Section 3.27. Reports to the Securities and Exchange Commission.....................................83 Section 3.28. Servicing Termination.................................................................83 Section 3.29. Advance Facility......................................................................84 Section 3.30. ...
Subservicing Accounts. 46 Section 3.09 Collection of Taxes, Assessments and Similar Items; Escrow Accounts........................46 Section 3.10 Collection Account.........................................................................47 Section 3.11 Withdrawals from the Collection Account....................................................48 Section 3.12 Investment of Funds in the Collection Account..............................................49 Section 3.13 Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage.............50 Section 3.14 Enforcement of Due-On-Sale Clauses Assumption Agreements...................................52
Subservicing Accounts. Servicing Accounts (See Section 3.08 of the Standard Terms).
Subservicing Accounts. 74 Section 3.09 Collection Account, Distribution Account and Final Maturity Reserve Fund.....................74 Section 3.10 Permitted Withdrawals From the Collection Account and the Final Maturity Reserve Fund........77
Subservicing Accounts. Section 10.07. Realization Upon Defaulted Mortgage Loans; Liquidation of Mortgage Loans. Section 10.08. Collection of Mortgage Loan Payments.
