RecitalsAssignment and Assumption Agreement • July 14th, 2006 • RASC Series 2006-Ks5 Trust • Asset-backed securities
Trustee POOLING AND SERVICING AGREEMENTPooling and Servicing Agreement • July 14th, 2006 • RASC Series 2006-Ks5 Trust • Asset-backed securities • New York
This Pooling and Servicing Agreement, effective as of June 1, 2006, among RESIDENTIAL ASSET SECURITIES CORPORATION, as the depositor (together with its permitted successors and assigns, the "Depositor"), RESIDENTIAL FUNDING CORPORATION, as master servicer (together with its permitted successors and assigns, the "Master Servicer"), and U.S. BANK NATIONAL ASSOCIATION, a banking association organized under the laws of the United States, as trustee (together with its permitted successors and assigns, the "Trustee"). PRELIMINARY STATEMENT: The Depositor intends to sell mortgage asset-backed pass-through certificates (collectively, the "Certificates"), to be issued hereunder in sixteen Classes, which in the aggregate will evidence the entire beneficial ownership interest in the Mortgage Loans (as defined herein) and certain other related assets. REMIC I As provided herein, the REMIC Administrator will make an election to treat the segregated pool of assets consisting of the Mortgage Loans an
