Common use of TRUSTEE AND SUPPLEMENTAL INTEREST TRUST TRUSTEE Clause in Contracts

TRUSTEE AND SUPPLEMENTAL INTEREST TRUST TRUSTEE. NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS. The recitals contained herein and in the Certificates (other than the execution of the Certificates and relating to the acceptance and receipt of the Mortgage Loans) shall be taken as the statements of the Company or the Master Servicer as the case may be, and the Trustee and Supplemental Interest Trust Trustee assume no responsibility for their correctness. The Trustee and Supplemental Interest Trust Trustee make no representations as to the validity or sufficiency of this Agreement or of the Certificates (except that the Certificates shall be duly and validly executed and authenticated by it as Certificate Registrar) or of any Mortgage Loan or related document, or of MERS or the MERS(R)System. Except as otherwise provided herein, the Trustee and Supplemental Interest Trust Trustee shall not be accountable for the use or application by the Company or the Master Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Company or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account or the Certificate Account by the Company or the Master Servicer.

Appears in 8 contracts

Samples: RALI Series 2007-Qh1 Trust, RALI Series 2006-Qo10 Trust, RALI Series 2007-Qo2 Trust

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TRUSTEE AND SUPPLEMENTAL INTEREST TRUST TRUSTEE. NOT LIABLE FOR CERTIFICATES OR MORTGAGE LOANS. The recitals contained herein and in the Certificates (other than the execution of the Certificates and relating to the acceptance and receipt of the Mortgage Loans) shall be taken as the statements of the Company or the Master Servicer as the case may be, and the Trustee and Supplemental Interest Trust Trustee assume no responsibility for their correctness. The Trustee and Supplemental Interest Trust Trustee make no representations as to the validity or sufficiency of this Agreement or of the Certificates (except that the Certificates shall be duly and validly executed and authenticated by it as Certificate Registrar) or of any Mortgage Loan or related document, or of MERS or the MERS(R)System. Except as otherwise provided herein, the Trustee and Supplemental Interest Trust Trustee shall not be accountable for the use or application by the Company or the Master Servicer of any of the Certificates or of the proceeds of such Certificates, or for the use or application of any funds paid to the Company or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Custodial Account or the Certificate Account by the Company or the Master Servicer.. In addition, notwithstanding anything to the contrary contained herein or in the Custodial Agreement, in no event shall the Trustee have any liability in respect of any actions or omissions of the Custodian herein or pursuant to the Custodial Agreement

Appears in 4 contracts

Samples: RALI Series 2007-Qh6 Trust, RALI Series 2007-Qh4 Trust, RALI Series 2007-Qh5 Trust

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