Common use of Trustee Not Liable for Certificates Clause in Contracts

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor or the Seller, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificates. The Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Master Servicer.

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (Indymac Abs Inc)

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Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor or the Seller, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature countersignature of the Certificates. The Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Master Servicer.

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (CWMBS Inc), Pooling and Servicing Agreement (CWMBS Inc)

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- Loans ----------------------------------------------------- The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor, the Depositor or the SellerMaster Servicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificates. The Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Collection Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Saxon Asset Securities Co)

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- ------------------------------------- The recitals contained herein and in the Certificates (other than the signature and countersignature of the Trustee on the Certificates) shall be taken as the statements of the Depositor or the Seller, as the case may beServicer, and the Trustee assumes no responsibility for their correctnessthe correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and countersignature of the Trustee on the Certificates) or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificatesdocument. The Trustee shall not be accountable for the use or application by the Depositor Servicer of any of the Certificates or of the Master Servicer proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- Loans The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor or the SellerServicer, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations representation as to the validity or sufficiency of this Agreement or of the Certificates or Agreement, of any Mortgage Loan Loan, or any related document other than with respect to the Trustee's execution and counter-signature authentication of the Certificates, if it so executed or authorized the Certificates. The Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Collection Account or the Certificate Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement

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Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- Loans The recitals contained herein and in the Certificates (other than the signature and authentication of the Trustee on the Certificates) shall be taken as the statements of the Depositor or the Seller, as the case may beServicer, and the Trustee assumes no responsibility for their correctnessthe correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and authentication of the Trustee on the Certificates and the signature of the Trustee on this Agreement) or of any Mortgage, Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificatesdocument. The Trustee shall not be accountable for the use or application by the Depositor Servicer of any of the Certificates or of the Master Servicer proceeds of such Certificates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Collection Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Aames Mortgage Trust 1999-1)

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- ----------------- The recitals contained herein and in the Certificates shall be taken as the statements of the Depositor or the Seller, as the case may be, and the Trustee assumes no responsibility for their correctness. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificates. The Trustee shall not be accountable for the use or application by the Depositor or the Master Servicer of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (CWMBS Inc)

Trustee Not Liable for Certificates. or Mortgage ----------------------------------------------- Loans. ----- ----------------- The recitals contained herein and in the Certificates (other than the signature and countersignature of the Trustee on the Certificates) shall be taken as the statements of the Depositor or the Seller, as the case may beServicer, and the Trustee assumes no responsibility for their correctnessthe correctness of the same. The Trustee makes no representations as to the validity or sufficiency of this Agreement or of the Certificates (other than the signature and countersignature of the Trustee on the Certificates) or of any Mortgage Loan or related document other than with respect to the Trustee's execution and counter-signature of the Certificatesdocument. The Trustee shall not be accountable for the use or application by the Depositor Servicer of any of the Certificates or of the Master Servicer proceeds of such Certi- ficates, or for the use or application of any funds paid to the Depositor or the Master Servicer in respect of the Mortgage Loans or deposited in or withdrawn from the Certificate Account by the Depositor or the Master Servicer.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (MLCC Mortgage Investors Inc)

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