Common use of The Mortgage Loans Clause in Contracts

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Section 5.03. Permitted Withdrawals from the Collection Account 31 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 Section 5.16. Reports to be Provided by the Servicer 45 Section 5.17. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 Section 6.01. Deposits to the Payment Account 54 Section 6.02. Collection of Money 54 Section 6.03. Application of Principal and Interest 54 Section 6.04. [Reserved] 54 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 15 Section 5.01. The Servicer 27 30 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Subservicing Agreements Between Servicer and Subservicers 32 Section 5.03. Permitted Successor Subservicers 33 Section 5.04. Liability of the Servicer 33 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 33 Section 5.06. Collection of Mortgage Loan Payments 34 Section 5.07. Withdrawals from the Collection Account 31 36 Section 5.045.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 38 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 39 Section 5.10. [Reserved] 39 Section 5.11. Maintenance of Hazard Insurance Policiesand Fidelity Coverage 39 Section 5.12. Due-on-Sale Clauses; Property Protection Expenses 32 Assumption Agreements 41 Section 5.05. Assumption and Modification Agreements 33 Section 5.065.13. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 42 Section 5.14. Reports Custodian to the Indenture TrusteeCooperate; Collection Account Statements Release of Mortgage Files 43 Section 5.15. Servicing Compensation 44 Section 5.155.16. Annual Statements of Compliance 45 Section 5.17. Annual Independent Public Accountants’ Servicing Report 47 Section 5.18. Optional Purchase of Defaulted Mortgage Loans 45 48 Section 5.165.19. Reports to be Provided Information Required by the Servicer 45 Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 48 Section 5.175.20. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 [Reserved] 48 Section 5.22. Periodic Filings with Servicing and Administration of the Securities and Exchange Commission Additional Information 49 MI Policies 48 Section 5.23. Administrative Duties Determination Date Reports 49 Section 5.24. Advances 50 Section 5.25. Compensating Interest Payments 51 Section 5.26. Advance Facility 50 51 Section 6.01. Deposits to the Payment Account 54 53 Section 6.02. Collection of Money 54 53 Section 6.03. Application of Principal and Interest 54 Section 6.04. [Reserved] 54 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55[Reserved] 54

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 15 Section 5.01. The Servicer 27 to Assure Servicing 31 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Subservicing Agreements Between Servicer and Subservicers 32 Section 5.03. Permitted Successor Subservicers 33 Section 5.04. Liability of the Servicer 33 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 34 Section 5.06. Collection of Mortgage Loan Payments 34 Section 5.07. Withdrawals from the Collection Account 31 37 Section 5.045.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 38 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 39 Section 5.10. [Reserved] 39 Section 5.11. Maintenance of Hazard Insurance Policiesand Fidelity Coverage 39 Section 5.12. Due-on-Sale Clauses; Property Protection Expenses 32 Assumption Agreements 41 Section 5.05. Assumption and Modification Agreements 33 Section 5.065.13. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 42 Section 5.14. Reports Custodian to the Indenture TrusteeCooperate; Collection Account Statements 44 Release of Mortgage Files 43 Section 5.15. Servicing Compensation 45 Section 5.16. Annual Statements of Compliance 45 Section 5.17. Annual Independent Public Accountants’ Servicing Report 47 Section 5.18. Optional Purchase of Defaulted Mortgage Loans 45 48 Section 5.165.19. Reports to be Provided Information Required by the Servicer 45 Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 48 Section 5.175.20. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign [Reserved] 49 Section 5.22. Periodic Filings with Servicing and Administration of the Securities and Exchange Commission Additional Information MI Policies 49 Section 5.23. Administrative Duties 49 Determination Date Reports 50 Section 5.24. Advances 50 Section 5.25. Compensating Interest Payments 51 Section 5.26. Advance Facility 50 51 Section 6.01. Deposits to the Payment Account 54 Section 6.02. Collection of Money 54 Section 6.03. Application of Principal and Interest 54 Section 6.04. [Reserved] 54 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5554

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 38 Section 5.11. Access to Certain Documentation 38 43 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 43 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 Section 5.16. Reports to be Provided by the Servicer 45 Section 5.17. [Reserved] 46 Reserved 47 Section 5.18. Delinquency Advances 48 47 Section 5.19. Indemnification; Third Party Claims 48 47 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 48 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 Administrative Duties 48 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 49 Section 6.01. Deposits to the Payment Account 54 52 Section 6.02. Collection of Money 54 52 Section 6.03. Application of Principal and Interest 54 52 Section 6.04. [Reserved] 54 Reserved 52 Section 6.05. Compensating Interest 54 52 Section 6.06. Effect [Reserved 52 Section 7.01. Servicer Events of Payments by the Note Insurer; Subrogation 55Default 53 Section 7.02. Indenture Trustee to Act: Appointment of Successor 55 Section 7.03. Waiver of Defaults 58

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 24 Section 5.01. The Master Servicer 27 25 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 27 Section 5.03. Permitted Withdrawals from the Collection Account 31 29 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 30 Section 5.05. Assumption and Modification Agreements 33 31 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 32 Section 5.07. Indenture Trustee to Cooperate 35 33 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Master Servicer 36 34 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 35 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 35 Section 5.11. Access to Certain Documentation 38 35 Section 5.12. Maintenance of Fidelity Bond 43 35 Section 5.13. Subservicing Agreements Between the Master Servicer and Subservicer and Subservicers 44 36 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 37 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 37 Section 5.16. Reports to be Provided by the Master Servicer 45 and the Backup Servicer 38 Section 5.17. [Reserved] 46 39 Section 5.18. Delinquency Periodic Advances 48 39 Section 5.19. Indemnification; Third Party Claims 48 40 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Master Servicer 48 and Backup Servicer 40 Section 5.21. Assignment of Agreement by Master Servicer and Backup Servicer; Master Servicer and Backup Servicer Not to Resign 49 41 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 41 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 42 Section 6.01. Deposits to the Payment Account 54 43 Section 6.02. Collection of Money 54 43 Section 6.03. Application of Principal and Interest 54 43 Section 6.04. [Reserved] 54 43 Section 6.05. Compensating Interest 54 44 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5544

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 36 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 37 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 39 Section 5.17. [Reserved] 46 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 41 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 44 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 47 Section 6.04. [Reserved] 54 47 Section 6.05. Compensating Interest 54 47 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55[Reserved] 47

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 37 Section 5.12. Maintenance of Fidelity Bond 43 37 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 37 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 39 Section 5.17. [Reserved] 46 Reserved 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 42 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 44 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 47 Section 6.03. Application of Principal and Interest 54 47 Section 6.04. [Reserved] 54 Reserved 47 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5547

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 36 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 36 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 38 Section 5.17. [Reserved] 46 Reserved 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 40 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 41 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 41 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 43 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 46 Section 6.04. [Reserved] 54 Reserved 46 Section 6.05. Compensating Interest 54 46 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55[Reserved 46

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 19 Section 4.02. Purchase and Substitution 25 28 ARTICLE V ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS Section 5.01. The Servicer 27 30 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 33 Section 5.03. Permitted Withdrawals from the Collection Account 31 34 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 35 Section 5.05. Assumption and Modification Agreements 33 36 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 37 Section 5.07. Indenture Trustee to Cooperate 35 38 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 39 Section 5.09. Annual Statement as to Compliance 39 Section 5.10. Assessments of Compliance and Attestation Reports 36 40 Section 5.105.11. Reports Filed with Securities and Exchange Commission 37 41 Section 5.115.12. Access to Certain Documentation 38 46 Section 5.125.13. Maintenance of Fidelity Bond 43 46 Section 5.135.14. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 46 Section 5.145.15. Reports to the Indenture Trustee; Collection Account Statements 44 47 Section 5.155.16. Optional Purchase of Defaulted Mortgage Loans 45 48 Section 5.165.17. Reports to be Provided by the Servicer 45 48 Section 5.175.18. [Reserved] 46 50 Section 5.185.19. Delinquency Advances 48 50 Section 5.195.20. Indemnification; Third Party Claims 48 50 Section 5.205.21. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 51 Section 5.215.22. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 51 Section 5.23. Administrative Duties 49 [Reserved] 51 Section 5.24. Administrative Duties 51 Section 5.25. Advance Facility 50 52 ARTICLE VI APPLICATION OF FUNDS Section 6.01. Deposits to the Payment Account 54 55 Section 6.02. Collection of Money 54 55 Section 6.03. Application of Principal and Interest 54 55 Section 6.04. [Reserved] 54 Reserved 55 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 19 Section 5.01. The Servicer 27 to Assure Servicing 35 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Subservicing Agreements Between Servicer and Subservicers 36 Section 5.03. Permitted Successor Subservicers 37 Section 5.04. Liability of the Servicer 38 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 38 Section 5.06. Collection of Mortgage Loan Payments 39 Section 5.07. Withdrawals from the Collection Account 31 41 Section 5.045.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 43 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 43 Section 5.10. [Reserved] 44 Section 5.11. Maintenance of Hazard Insurance Policiesand Fidelity Coverage 44 Section 5.12. Due-on-Sale Clauses; Property Protection Expenses 32 Assumption Agreements 46 Section 5.05. Assumption and Modification Agreements 33 Section 5.065.13. Realization Upon Defaulted Mortgage Loans 34 46 Section 5.075.14. Indenture Trustee Custodian to Cooperate 35 Cooperate; Release of Mortgage Files 48 Section 5.085.15. Servicing Compensation; Payment Compensation 49 Section 5.16. Annual Statements of Certain Expenses by Servicer 36 Compliance 50 Section 5.095.17. Assessments of Compliance and Attestation Reports 36 50 Section 5.105.18. Reports Filed with Securities and Exchange Commission 37 51 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.155.19. Optional Purchase of Defaulted Mortgage Loans 45 56 Section 5.165.20. Reports to be Provided Information Required by the Servicer 45 Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 57 Section 5.175.21. Optional Purchase of Mortgage Loans 57 Section 5.22. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 57 Section 5.23. Administrative Duties 49 Servicing and Administration of the MI Policies 57 Section 5.24. Determination Date Reports 58 Section 5.25. Advances 59 Section 5.26. Compensating Interest Payments 59 Section 5.27. Advance Facility 50 60 Section 5.28. Servicer Rights Facility 62 Section 6.01. Deposits to the Payment Account 54 63 Section 6.02. Collection of Money 54 63 Section 6.03. Application of Principal and Interest 54 63 Section 6.047.01. [Reserved] 54 Liability of the Servicer and the Depositor 63 Section 6.057.02. Compensating Interest 54 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 63 Section 6.067.03. Effect Limitation on Liability of Payments by the Note InsurerServicer and Others 64 Section 7.04. Servicer Not to Resign 64 Section 7.05. Delegation of Duties 65 Section 7.06. Servicing Rights Owner to Pay Trustee’s Fees and Expenses; Subrogation 55Indemnification 65

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 17 Section 4.02. Purchase and Substitution 25 26 Section 5.01. The Master Servicer 27 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Section 5.03. Permitted Withdrawals from the Collection Account 31 32 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 33 Section 5.05. Assumption and Modification Agreements 33 34 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 35 Section 5.07. Indenture Trustee to Cooperate 35 36 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Master Servicer 36 37 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 37 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 38 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 38 Section 5.13. Subservicing Agreements Between the Master Servicer and Subservicer and Subservicers 44 38 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 40 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 40 Section 5.16. Reports to be Provided by the Master Servicer 45 and the Backup Servicer 40 Section 5.17. [Reserved] 46 42 Section 5.18. Delinquency Advances 48 42 Section 5.19. Indemnification; Third Party Claims 48 43 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Master Servicer 48 and Backup Servicer 43 Section 5.21. Assignment of Agreement by Master Servicer and Backup Servicer; Master Servicer and Backup Servicer Not to Resign 49 43 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 44 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 45 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 46 Section 6.04. [Reserved] 54 46 Section 6.05. Compensating Interest 54 46 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55[Reserved] 47

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 17 Section 4.02. Purchase and Substitution 25 Section 5.01. The Master Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Master Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 37 Section 5.13. Subservicing Agreements Between the Master Servicer and Subservicer and Subservicers 44 37 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Master Servicer 45 and the Backup Servicer 39 Section 5.17. [Reserved] 46 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Master Servicer 48 and Backup Servicer 41 Section 5.21. Assignment of Agreement by Master Servicer and Backup Servicer; Master Servicer and Backup Servicer Not to Resign 49 42 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 Section 6.01. Deposits to the Payment Account 54 Section 6.02. Collection of Money 54 Section 6.03. Application of Principal and Interest 54 Section 6.04. [Reserved] 54 Section 6.05. Compensating Interest 54 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5543

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 36 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 36 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 38 Section 5.17. [Reserved] 46 Reserved 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 40 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 41 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 41 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 43 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 46 Section 6.04. [Reserved] 54 Reserved 46 Section 6.05. Compensating Interest 54 46 Section 6.06. Effect [Reserved 47 Section 7.01. Servicer Events of Payments Default 47 Section 7.02. Indenture Trustee to Act: Appointment of Successor 49 Section 7.03. Waiver of Defaults 52 Section 8.01. Termination 52 Section 8.02. Additional Termination Requirements 53 Section 8.03. Accounting Upon Termination of Servicer 53 Section 8.04. [Reserved 54 Section 10.01. Limitation on Liability 54 Section 10.02. Acts of Noteholders 55 Section 10.03. Amendment 55 Section 10.04. Recordation of Agreement 56 Section 10.05. Duration of Agreement 56 Section 10.06. Notices 56 Section 10.07. Severability of Provisions 57 Section 10.08. No Partnership 57 Section 10.09. Counterparts 57 Section 10.10. Successors and Assigns 57 Section 10.11. Headings 57 Section 10.12. No Petition 57 Section 10.13. Third Party Beneficiary 57 Section 10.14. Intent of the Parties 57 Section 10.15. GOVERNING LAW; CONSENT TO JURISDICTION; WAIVER OF JURY TRIAL 58 Schedule I Mortgage Loan Schedule Appendix I Defined Terms Exhibit A Contents of the Mortgage File Exhibit B Reserved Exhibit C Indenture Trustee’s Acknowledgement of Receipt Exhibit D Initial Certification of Indenture Trustee Exhibit E Final Certification of Indenture Trustee Exhibit F Request for Release of Documents Exhibit G AHL Officer’s Certificate SALE AND SERVICING AGREEMENT, dated as of , 20 (this “Agreement”), by and among ACCREDITED MORTGAGE LOAN REIT TRUST, a Maryland real estate investment trust, as seller (the Note Insurer; Subrogation 55“Seller”), ACCREDITED HOME LENDERS, INC., a California corporation, as sponsor (the “Sponsor”), ACCREDITED MORTGAGE LOAN TRUST 200 - , a Delaware statutory trust, as issuer (the “Trust”), ACCREDITED HOME LENDERS, INC., a California corporation, as servicer (the “Servicer”), and , a national banking association, as indenture trustee (the “Indenture Trustee”).

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 19 Section 5.01. The Servicer 27 to Assure Servicing 35 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Subservicing Agreements Between Servicer and Subservicers 36 Section 5.03. Permitted Successor Subservicers 37 Section 5.04. Liability of the Servicer 37 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 38 Section 5.06. Collection of Mortgage Loan Payments 39 Section 5.07. Withdrawals from the Collection Account 31 41 Section 5.045.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 43 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 43 Section 5.10. [Reserved] 44 Section 5.11. Maintenance of Hazard Insurance Policiesand Fidelity Coverage 44 Section 5.12. Due-on-Sale Clauses; Property Protection Expenses 32 Assumption Agreements 46 Section 5.05. Assumption and Modification Agreements 33 Section 5.065.13. Realization Upon Defaulted Mortgage Loans 34 46 Section 5.075.14. Indenture Trustee Custodian to Cooperate 35 Cooperate; Release of Mortgage Files 48 Section 5.085.15. Servicing Compensation; Payment Compensation 49 Section 5.16. Annual Statements of Certain Expenses by Servicer 36 Compliance 49 Section 5.095.17. Assessments of Compliance and Attestation Reports 36 50 Section 5.105.18. Reports Filed with Securities and Exchange Commission 37 51 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.155.19. Optional Purchase of Defaulted Mortgage Loans 45 56 Section 5.165.20. Reports to be Provided Information Required by the Servicer 45 Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 56 Section 5.175.21. Optional Purchase of Mortgage Loans 57 Section 5.22. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 57 Section 5.23. Administrative Duties 49 Servicing and Administration of the MI Policies 57 Section 5.24. Determination Date Reports 58 Section 5.25. Advances 58 Section 5.26. Compensating Interest Payments 59 Section 5.27. Advance Facility 50 59 Section 5.28. Servicer Rights Facility 62 Section 6.01. Deposits to the Payment Account 54 62 Section 6.02. Collection of Money 54 62 Section 6.03. Application of Principal and Interest 54 63 Section 6.047.01. [Reserved] 54 Liability of the Servicer and the Depositor 63 Section 6.057.02. Compensating Interest 54 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 63 Section 6.067.03. Effect Limitation on Liability of Payments by the Note InsurerServicer and Others 63 Section 7.04. Servicer Not to Resign 64 Section 7.05. Delegation of Duties 64 Section 7.06. Servicing Rights Owner to Pay Trustee’s Fees and Expenses; Subrogation 55Indemnification 64

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 14 Section 5.01. The Servicer 27 to Assure Servicing 30 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Subservicing Agreements Between Servicer and Subservicers 31 Section 5.03. Permitted Successor Subservicers 32 Section 5.04. Liability of the Servicer 32 Section 5.05. Assumption or Termination of Subservicing Agreements by the Indenture Trustee 33 Section 5.06. Collection of Mortgage Loan Payments 34 Section 5.07. Withdrawals from the Collection Account 31 36 Section 5.045.08. Collection of Taxes, Assessments and Similar Items; Servicing Accounts 38 Section 5.09. Access to Certain Documentation and Information Regarding the Mortgage Loans 38 Section 5.10. [Reserved] 39 Section 5.11. Maintenance of Hazard Insurance Policiesand Fidelity Coverage 39 Section 5.12. Due-on-Sale Clauses; Property Protection Expenses 32 Assumption Agreements 41 Section 5.05. Assumption and Modification Agreements 33 Section 5.065.13. Realization Upon Defaulted Mortgage Loans 34 41 Section 5.075.14. Indenture Trustee Custodian to Cooperate 35 Cooperate; Release of Mortgage Files 43 Section 5.085.15. Servicing Compensation; Payment Compensation 44 Section 5.16. Annual Statements of Certain Expenses by Servicer 36 Compliance 44 Section 5.095.17. Assessments of Compliance and Attestation Reports 36 45 Section 5.105.18. Reports Filed with Securities and Exchange Commission 37 46 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.155.19. Optional Purchase of Defaulted Mortgage Loans 45 51 Section 5.165.20. Reports to be Provided Information Required by the Servicer 45 Internal Revenue Service Generally and Reports of Foreclosures and Abandonments of Mortgaged Property 51 Section 5.175.21. Optional Purchase of Mortgage Loans 52 Section 5.22. [Reserved] 46 Section 5.18. Delinquency Advances 48 Section 5.19. Indemnification; Third Party Claims 48 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 52 Section 5.23. Administrative Duties 49 Servicing and Administration of the MI Policies 52 Section 5.24. Determination Date Reports 53 Section 5.25. Advances 54 Section 5.26. Compensating Interest Payments 54 Section 5.27. Advance Facility 50 54 Section 5.28. Servicer Rights Facility 57 Section 6.01. Deposits to the Payment Account 54 57 Section 6.02. Collection of Money 54 57 Section 6.03. Application of Principal and Interest 54 57 Section 6.047.01. [Reserved] 54 Liability of the Servicer and the Depositor 58 Section 6.057.02. Compensating Interest 54 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or the Depositor 58 Section 6.067.03. Effect Limitation on Liability of Payments by the Note InsurerServicer and Others 58 Section 7.04. Servicer Not to Resign 59 Section 7.05. Delegation of Duties 59 Section 7.06. Servicer to Pay Trustee’s Fees and Expenses; Subrogation 55Indemnification 59

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 37 Section 5.12. Maintenance of Fidelity Bond 43 37 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 37 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 39 Section 5.17. [Reserved] 46 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 42 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 44 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 47 Section 6.03. Application of Principal and Interest 54 47 Section 6.04. [Reserved] 54 47 Section 6.05. Compensating Interest 47 Section 7.01. Servicer Events of Default 47 Section 7.02. Indenture Trustee to Act: Appointment of Successor 50 Section 7.03. Waiver of Defaults 53 Section 8.01. Termination 53 Section 8.02. Additional Termination Requirements 54 Section 6.068.03. Effect Accounting Upon Termination of Payments by the Note Insurer; Subrogation 55Servicer 54

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 24 Section 5.01. The Master Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 28 Section 5.03. Permitted Withdrawals from the Collection Account 31 29 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 30 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Master Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 35 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 36 Section 5.13. Subservicing Agreements Between the Master Servicer and Subservicer and Subservicers 44 36 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 37 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Master Servicer 45 and the Backup Servicer 39 Section 5.17. [Reserved] 46 40 Section 5.18. Delinquency Periodic Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Master Servicer 48 and Backup Servicer 41 Section 5.21. Assignment of Agreement by Master Servicer and Backup Servicer; Master Servicer and Backup Servicer Not to Resign 49 42 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 43 Section 6.01. Deposits to the Payment Account 54 44 Section 6.02. Collection of Money 54 44 Section 6.03. Application of Principal and Interest 54 44 Section 6.04. [Reserved] 54 44 Section 6.05. Compensating Interest 54 44 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5545

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Annual Statement as to Compliance 36 Section 5.10. Assessments of Compliance and Attestation Reports 36 Section 5.105.11. Reports Filed with Securities and Exchange Commission 37 38 Section 5.115.12. Access to Certain Documentation 38 43 Section 5.125.13. Maintenance of Fidelity Bond 43 Section 5.135.14. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 43 Section 5.145.15. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.155.16. Optional Purchase of Defaulted Mortgage Loans 45 44 Section 5.165.17. Reports to be Provided by the Servicer 45 Section 5.175.18. [Reserved] Reserved 46 Section 5.185.19. Delinquency Advances 48 46 Section 5.195.20. Indemnification; Third Party Claims 48 47 Section 5.205.21. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 47 Section 5.215.22. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 48 Section 5.23. Administrative Duties 49 [Reserved 48 Section 5.24. Administrative Duties 48 Section 5.25. Advance Facility 50 49 Section 6.01. Deposits to the Payment Account 54 51 Section 6.02. Collection of Money 54 52 Section 6.03. Application of Principal and Interest 54 52 Section 6.04. [Reserved] 54 Reserved 52 Section 6.05. Compensating Interest 54 52 Section 6.067.01. Effect Servicer Events of Payments by the Note Insurer; Subrogation 55Default 52 Section 7.02. Indenture Trustee to Act: Appointment of Successor 55 Section 7.03. Waiver of Defaults 58

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 17 Section 4.02. Purchase and Substitution 25 Section 5.01. The Master Servicer 27 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 Section 5.03. Permitted Withdrawals from the Collection Account 31 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 Section 5.05. Assumption and Modification Agreements 33 34 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 35 Section 5.07. Indenture Trustee to Cooperate 35 36 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Master Servicer 36 37 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 37 Section 5.10. Reports Filed with Securities and Exchange Commission Annual Independent Public Accountants’ Servicing Report 37 Section 5.11. Access to Certain Documentation 38 Section 5.12. Maintenance of Fidelity Bond 43 38 Section 5.13. Subservicing Agreements Between the Master Servicer and Subservicer and Subservicers 44 38 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 39 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 40 Section 5.16. Reports to be Provided by the Master Servicer 45 and the Backup Servicer 40 Section 5.17. [Reserved] 46 42 Section 5.18. Delinquency Advances 48 42 Section 5.19. Indemnification; Third Party Claims 48 43 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Master Servicer 48 and Backup Servicer 43 Section 5.21. Assignment of Agreement by Master Servicer and Backup Servicer; Master Servicer and Backup Servicer Not to Resign 49 44 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 44 Section 5.23. Administrative Duties 49 Section 5.24. Advance Facility 50 45 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 46 Section 6.04. [Reserved] 54 46 Section 6.05. Compensating Interest 54 46 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 5547

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 Section 5.09. Annual Statement as to Compliance 36 Section 5.10. Assessments of Compliance and Attestation Reports 36 Section 5.105.11. Reports Filed with Securities and Exchange Commission 37 Section 5.115.12. Access to Certain Documentation 38 42 Section 5.125.13. Maintenance of Fidelity Bond 43 Section 5.135.14. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 43 Section 5.145.15. Reports to the Indenture Trustee; Collection Account Statements 44 Section 5.155.16. Optional Purchase of Defaulted Mortgage Loans 45 44 Section 5.165.17. Reports to be Provided by the Servicer 45 Section 5.175.18. [Reserved] Reserved 46 Section 5.185.19. Delinquency Advances 48 46 Section 5.195.20. Indemnification; Third Party Claims 48 47 Section 5.205.21. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 47 Section 5.215.22. Assignment of Agreement by Servicer; Servicer Not to Resign 49 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 47 Section 5.23. Administrative Duties 49 [Reserved 48 Section 5.24. Administrative Duties 48 Section 5.25. Advance Facility 50 49 Section 6.01. Deposits to the Payment Account 54 51 Section 6.02. Collection of Money 54 51 Section 6.03. Application of Principal and Interest 54 51 Section 6.04. [Reserved] 54 Reserved 51 Section 6.05. Compensating Interest 52 Section 7.01. Servicer Events of Default 52 Section 7.02. Indenture Trustee to Act: Appointment of Successor 54 Section 6.067.03. Effect Waiver of Payments by the Note Insurer; Subrogation 55Defaults 57 Section 8.01. Termination 57 Section 8.02. Additional Termination Requirements 58 Section 8.03. Accounting Upon Termination of Servicer 59

The Mortgage Loans. Section 4.01. Representations and Warranties Concerning the Mortgage Loans 16 Section 4.02. Purchase and Substitution 25 Section 5.01. The Servicer 27 26 Section 5.02. Collection of Certain Mortgage Loan Payments; Collection Account 30 29 Section 5.03. Permitted Withdrawals from the Collection Account 31 30 Section 5.04. Hazard Insurance Policies; Property Protection Expenses 32 31 Section 5.05. Assumption and Modification Agreements 33 32 Section 5.06. Realization Upon Defaulted Mortgage Loans 34 33 Section 5.07. Indenture Trustee to Cooperate 35 34 Section 5.08. Servicing Compensation; Payment of Certain Expenses by Servicer 36 35 Section 5.09. Assessments of Annual Statement as to Compliance and Attestation Reports 36 Section 5.10. Reports Filed with Securities and Exchange Commission 37 Annual Independent Public Accountants’ Servicing Report 36 Section 5.11. Access to Certain Documentation 38 36 Section 5.12. Maintenance of Fidelity Bond 43 36 Section 5.13. Subservicing Agreements Between the Servicer and Subservicer and Subservicers 44 37 Section 5.14. Reports to the Indenture Trustee; Collection Account Statements 44 38 Section 5.15. Optional Purchase of Defaulted Mortgage Loans 45 38 Section 5.16. Reports to be Provided by the Servicer 45 39 Section 5.17. [Reserved.] 46 40 Section 5.18. Delinquency Advances 48 40 Section 5.19. Indemnification; Third Party Claims 48 41 Section 5.20. Maintenance of Corporate Existence and Licenses; Merger or Consolidation of the Servicer 48 41 Section 5.21. Assignment of Agreement by Servicer; Servicer Not to Resign 49 41 Section 5.22. Periodic Filings with the Securities and Exchange Commission Additional Information 49 42 Section 5.23. Administrative Duties 49 43 Section 5.24. Advance Facility 50 44 Section 6.01. Deposits to the Payment Account 54 46 Section 6.02. Collection of Money 54 46 Section 6.03. Application of Principal and Interest 54 47 Section 6.04. [Reserved.] 54 47 Section 6.05. Compensating Interest 54 47 Section 6.06. Effect of Payments by the Note Insurer; Subrogation 55[Reserved.] 47