Common use of Trust Estate; Related Documents Clause in Contracts

Trust Estate; Related Documents. (a) When required by the provisions of this Servicing Agreement, the Depositor or the Grantor Trustee shall execute instruments to release property from the terms of the Grantor Trust Agreement or Custodial Agreement, as applicable, or convey the Depositor's or the Grantor Trustee's interest in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Servicing Agreement. No party relying upon an instrument executed by the Depositor or the Grantor Trustee as provided in this

Appears in 4 contracts

Samples: Servicing Agreement (Residential Funding Mortgage Securities Ii Inc), Servicing Agreement (Residential Funding Mortgage Securities Ii Inc), Servicing Agreement (Residential Funding Mortgage Securities Ii Inc)

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Trust Estate; Related Documents. (a) When required by the provisions of this Servicing Agreement, the Depositor or the Grantor Trustee shall execute instruments to release property from the terms of the Grantor Trust Agreement or Custodial Agreement, as applicable, or convey the Depositor's or the Grantor Trustee's interest in the same, in a manner and under circumstances which are not inconsistent with the provisions of this Servicing Agreement. No party relying upon an instrument executed by the Depositor or the Grantor Trustee as provided in thisthis Section 3.06 shall be bound to ascertain the Depositor's or the Grantor Trustee's authority, inquire into the satisfaction of any conditions precedent or see to the application of any monies.

Appears in 1 contract

Samples: Servicing Agreement (Residential Fund Mort Sec Home Loan-BCKD NTS Ser 2004-Hi1)

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