Exhibit 99.8(a)
EXECUTION COPY
ASSIGNMENT AND RECOGNITION AGREEMENT
THIS ASSIGNMENT AND RECOGNITION AGREEMENT (this "Agreement"),
dated of January 1, 2006, is entered into among Xxxxxx Xxxxxxx Capital I Inc.,
a Delaware corporation (the "Assignee"), Xxxxxx Xxxxxxx Mortgage Capital Inc.
(the "Assignor"), The Hemisphere National Bank, a national banking association
(the "Company"), and acknowledged by LaSalle Bank National Association, as
trustee (the "Trustee") of Xxxxxx Xxxxxxx Mortgage Loan Trust 2006-2 (the
"Trust"), and Xxxxx Fargo Bank, National Association, as master servicer (or
any successor master servicer, the "Master Servicer"):
For and in consideration of the sum of TEN DOLLARS ($10.00) and
other valuable consideration the receipt and sufficiency of which hereby are
acknowledged, and of the mutual covenants herein contained, the parties hereto
hereby agree as follows:
Assignment and Conveyance
-------------------------
1. The Assignor hereby conveys, sells, grants, transfers and
assigns to the Assignee all of the right, title and interest of the Assignor,
as purchaser, in, to and under and all obligations related to (a) those
certain Mortgage Loans listed on the schedule (the "Mortgage Loan Schedule")
attached hereto as Exhibit A (the "Mortgage Loans") and (b) except as
described below, that certain Mortgage Loan Sale and Servicing Agreement (the
"Sale and Servicing Agreement"), dated as of December 1, 2005, between the
Assignor, as purchaser (the "Purchaser"), and the Company, as seller, solely
insofar as the Sale and Servicing Agreement relates to the Mortgage Loans. For
the avoidance of doubt, all of the Mortgage Loans are "Servicing Retained" (as
such term is defined in the Sale and Servicing Agreement).
The Assignor specifically reserves and does not assign to the
Assignee hereunder any and all right, title and interest in, to and under and
any obligations of the Assignor with respect to (a) Subsection 7.05 of the
Sale and Servicing Agreement or (b) any mortgage loans subject to the Sale and
Servicing Agreement which are not the Mortgage Loans set forth on the Mortgage
Loan Schedule and are not the subject of this Agreement.
Recognition of the Company
--------------------------
2. From and after January 31, 2006 (the "Closing Date"), the
Company shall and does hereby recognize that the Assignee will transfer the
Mortgage Loans and assign its rights and obligations under the Sale and
Servicing Agreement (solely to the extent set forth herein) and this
Agreement to the Trust created pursuant to a Pooling and Servicing
Agreement, dated as of January 1, 2006 (the "Pooling Agreement"), among the
Assignee, the Trustee and Xxxxx Fargo Bank, National Association, as master
servicer and as securities administrator. The Company hereby acknowledges
and agrees that from and after the Closing Date (i) the Trust will be the
owner of the Mortgage Loans, (ii) the Company shall look solely to the
Trust for performance of any obligations of the Assignor insofar as they
relate to the Mortgage Loans, (iii) except as provided in the preceding
paragraph, the Trust (including the Trustee and the Master Servicer acting
on the Trust's behalf) shall have all the rights and remedies available to
the Assignor, insofar as they relate to the Mortgage Loans,
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under the Sale and Servicing Agreement (as modified by Section 6 below),
including, without limitation, the enforcement of the document delivery
requirements set forth in Section 6 of the Sale and Servicing Agreement,
and shall be entitled to enforce all of the obligations of the Company
thereunder insofar as they relate to the Mortgage Loans, and (iv) all
references to the Purchaser, the Custodian or the Bailee under the Sale and
Servicing Agreement insofar as they relate to the Mortgage Loans, shall be
deemed to refer to the Trust (including the Trustee and the Master Servicer
acting on the Trust's behalf). Such rights will include, without
limitation, the right to terminate the Company, as servicer (in such
capacity, the "Servicer"), under the Sale and Servicing Agreement upon the
occurrence of an event of default thereunder, the right to receive all
remittances required to be made by the Servicer under the Sale and
Servicing Agreement, the right to receive all monthly reports and other
data required to be delivered by the Servicer under the Sale and Servicing
Agreement, the right to examine the books and records of the Servicer to
the extent provided in the Sale and Servicing Agreement, indemnification
rights and the right to exercise certain rights of consent and approval
relating to actions taken by Assignor. Neither the Company nor the Assignor
shall amend or agree to amend, modify, waive, or otherwise alter any of the
terms or provisions of the Sale and Servicing Agreement which amendment,
modification, waiver or other alteration would in any way affect the
Mortgage Loans or the Company's performance under the Sale and Servicing
Agreement with respect to the Mortgage Loans without the prior written
consent of the Master Servicer. The Servicer shall make all distributions
under the Servicing Agreement to the Master Servicer by wire transfer of
immediately available funds to:
Xxxxx Fargo Bank, National Association
ABA Number: 000-000-000
Account Name: Corporate Trust Clearing
Account number: 0000000000
For further credit to: 50890600, MSM 2006-2
The Servicer shall deliver all reports required to be delivered under
the Servicing Agreement to the Master Servicer at the following address:
Xxxxx Fargo Bank, National Association
0000 Xxx Xxxxxxxxx Xxxx
Xxxxxxxx, Xxxxxxxx 00000
Attention: Client Manager, MSM 2006-2
Office Number: (000) 000-0000
Telecopier: (000) 000-0000
Representations and Warranties of the Company
---------------------------------------------
3. The Company warrants and represents to the Assignor, the
Assignee, the Master Servicer and the Trust as of the date hereof that:
(a) The Company is duly organized, validly existing and in good
standing under the laws of the jurisdiction of its formation;
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(b) The Company has full power and authority to execute, deliver
and perform its obligations under this Agreement and has full power and
authority to perform its obligations under the Sale and Servicing
Agreement. The execution by the Company of this Agreement is in the
ordinary course of the Company's business and will not conflict with, or
result in a breach of, any of the terms, conditions or provisions of the
Company's charter or bylaws or any legal restriction, or any material
agreement or instrument to which the Company is now a party or by which
it is bound, or result in the violation of any law, rule, regulation,
order, judgment or decree to which the Company or its property is
subject. The execution, delivery and performance by the Company of this
Agreement have been duly authorized by all necessary corporate action on
part of the Company. This Agreement has been duly executed and delivered
by the Company, and, upon the due authorization, execution and delivery
by the Assignor, the Assignee, the Master Servicer and the Trust, will
constitute the valid and legally binding obligation of the Company,
enforceable against the Company in accordance with its terms except as
enforceability may be limited by bankruptcy, reorganization, insolvency,
moratorium or other similar laws now or hereafter in effect relating to
creditors' rights generally, and by general principles of equity
regardless of whether enforceability is considered in a proceeding in
equity or at law;
(c) No consent, approval, order or authorization of, or
declaration, filing or registration with, any governmental entity is
required to be obtained or made by the Company in connection with the
execution, delivery or performance by the Company of this Agreement; and
(d) There is no action, suit, proceeding or investigation
pending or threatened against the Company, before any court,
administrative agency or other tribunal, which would draw into question
the validity of this Agreement or the Sale and Servicing Agreement, or
which, either in any one instance or in the aggregate, would result in
any material adverse change in the ability of the Company to perform its
obligations under this Agreement or the Sale and Servicing Agreement,
and the Company is solvent.
4. (a) Pursuant to Section 15 of the Sale and Servicing
Agreement, the Company hereby represents and warrants, for the benefit of the
Assignor, the Assignee, the Master Servicer and the Trust, that the
representations and warranties set forth in Section 7.01 and Section 7.02 of
the Sale and Servicing Agreement with respect to the Mortgage Loans are true
and correct as of the date hereof as if such representations and warranties
were made on the date hereof unless otherwise specifically stated in such
representations and warranties.
(b) It is expressly understood and agreed by the parties hereto
that (i) this Agreement is executed and delivered by LaSalle Bank National
Association, not individually or personally but solely on behalf of the Trust,
as the assignee, in the exercise of the powers and authority conferred and
vested in it, as Trustee, pursuant to the Pooling and Servicing Agreement,
(ii) each of the representations, undertakings and agreements herein made on
the part of assignee is made and intended not as personal representations,
undertakings and agreements by LaSalle Bank National Association but is made
and intended for the purpose of binding only the Trust, (iii) nothing herein
contained shall be construed as creating any liability for LaSalle Bank
National Association, individually or personally, to perform any covenant
(either express
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or implied) contained herein and (iv) under no circumstances shall LaSalle
Bank National Association be personally liable for the payment of any
indebtedness or expenses of the Trust, or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by
the Trust under this Agreement and (v) all recourse for any payment liability
or other obligation of the Assignee shall be had solely to the assets of the
Trust.
Remedies for Breach of Representations and Warranties
-----------------------------------------------------
5. The Company hereby acknowledges and agrees that the remedies
available to the Assignor, the Assignee, the Master Servicer and the Trust
(including the Trustee acting on the Trust's behalf) in connection with any
breach of the representations and warranties made by the Company set forth in
Sections 3 and 4 hereof shall be as set forth in Subsection 7.03 of the Sale
and Servicing Agreement as if they were set forth herein (including without
limitation the repurchase and indemnity obligations set forth therein).
Amendments to Sale and Servicing Agreement
------------------------------------------
6. The parties to this Agreement hereby agree to amend the Sale
and Servicing Agreement solely with respect to the Mortgage Loans as follows:
(a) The definition of "Servicing Fee Rate" in Section 1 of the
Sale and Servicing Agreement is hereby amended and restated in its
entirety as follows:
"Servicing Fee Rate: With respect to each Mortgage Loan, 0.25% per
annum."
(b) Subsection 11.19 of the Sale and Servicing Agreement is
hereby amended and restated in its entirety as follows:
"Annual Statement as to Compliance. (a) The Servicer shall
deliver to the Purchaser and Master Servicer, on or before
March 10th each year beginning March 10, 2007, an Officer's
Certificate stating that (a) a review of the activities of
the Servicer during the preceding calendar year and if
performance under this Agreement has been made under such
officer's supervision, and (b) to the best of such officer's
knowledge, based on such review, the Servicer has fulfilled
all its obligations under this Agreement throughout such
year, or, if there has been a default in the fulfillment of
any such obligation, specifying each such default known to
such officer and the nature and status thereof and the
action being taken by the Servicer to cure such default.
(b) For so long as the Mortgage Loans are being master
serviced by a master servicer in a securitization
transaction (the "Master Servicer"), by the later of March
10th or 30 days prior to the date on which the Form 10-K is
required to be filed with the SEC of each year (or if not a
Business Day, the immediately preceding Business Day), an
officer of the Servicer shall execute and deliver an
Officer's Certificate to the Master Servicer for the benefit
of such Master Servicer and its officers, directors and
affiliates, certifying as to the following matters:
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(i) Based on my knowledge, the information in the
Annual Statement of Compliance, the Annual Independent
Public Accountant's Servicing Report and all servicing
reports, officer's certificates and other information
relating to the servicing of the Mortgage Loans
submitted to the Master Servicer taken as a whole,
does not contain any untrue statement of a material
fact or omit to state a material fact necessary to
make the statements made, in light of the
circumstances under which such statements were made,
not misleading as of the date of this certification;
(ii) Based on my knowledge, the servicing information
required to be provided to the Master Servicer by the
Servicer under this Servicing Agreement has been
provided to the Master Servicer;
(iii) I am responsible for reviewing the activities
performed by the Servicer under the Servicing
Agreement and based upon the review required by this
Servicing Agreement, and except as disclosed in the
Annual Statement of Compliance and the Annual
Independent Public Accountant's Servicing Report
submitted to the Master Servicer, the Servicer has, as
of the date of this certification fulfilled its
obligations under this Servicing Agreement in all
material respects; and
(iv) I have disclosed to the Master Servicer all
significant deficiencies relating to the Servicer's
compliance with the minimum servicing standards in
accordance with a review conducted in compliance with
the Uniform Single Attestation Program for Mortgage
Bankers or similar standard as set forth in the
Servicing Agreement.
For the avoidance of doubt, the above supercedes
any references to Exhibit 16 in Section 15 of the Sale
and Servicing Agreement. In the event that such
reporting is required on any date other than March
10th, then the Master Servicer shall provide at least
30 days prior notice to the Servicer.
(c) Subsection 13.01 (b) of the Sale and Servicing Agreement is
hereby amended and restated in its entirety as follows:
"failure by the Servicer to duly observe or perform, in any
material respect, any other covenants, obligations or
agreements of the Servicer as set forth in this Agreement
(except as provided in Subsection 34.07) which failure
continues unremedied for a period of sixty (60) days (or, in
the case of (i) the annual statement of compliance required
under Subsection 11.19, (ii) the annual independent public
accountants' servicing report or attestation required under
Subsection 11.20, or (iii) the certification
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required under Section 15 in the form of Exhibit 16, five
(5) days) after the date on which written notice of such
failure, requiring the same to be remedied, shall have been
given to the Servicer by the Purchaser;"
(d) Section 14.02 of the Sale and Servicing Agreement is hereby
deleted.
(e) Subsection 34.03(d) of the Sale and Servicing Agreement is
hereby amended and restated in its entirety as follows:
"For the purpose of satisfying its reporting obligation
under the Exchange Act with respect to any class of
asset-backed securities, the Seller shall (or shall cause
each Subservicer and Third-Party Originator to) (i) promptly
notify the Purchaser and any Depositor in writing of (A) any
material litigation or governmental proceedings pending
against the Seller, any Subservicer or any Third-Party
Originator, (B) any affiliations or relationships that
develop following the closing date of a Securitization
Transaction between the Seller, any Subservicer or any
Third-Party Originator and any of the parties specified in
clause (D) of paragraph (a) of this Section (and any other
parties identified in writing by the requesting party) with
respect to such Securitization Transaction, (C) any Event of
Default under the terms of this Agreement or any
Reconstitution Agreement, (D) any merger, consolidation or
sale of substantially all of the assets of the Company, and
(E) the Company's entry into an agreement with a Subservicer
to perform or assist in the performance of any of the
Company's obligations under this Agreement or any
Reconstitution Agreement and (ii) provide to the Purchaser
and any Depositor a description of such proceedings,
affiliations or relationships.
(f) Subsection 34.03(f) of the Sale and Servicing Agreement is
hereby amended and restated in its entirety as follows:
"In addition to such information as the Seller, as servicer,
is obligated to provide pursuant to other provisions of this
Agreement, if so requested by the Purchaser or any
Depositor, the Seller shall provide such information
regarding the performance or servicing of the Mortgage Loans
as is reasonably required by the Purchaser or any Depositor
to permit the Purchaser or such Depositor to comply with the
provisions of Regulation AB relating to Static Pool
Information regarding the performance of the Mortgage Loans
on the basis of the Purchaser's or such Depositor's
reasonable, good faith interpretation of the requirements of
Item 1105(a)(1)-(3) of Regulation AB (including without
limitation as to the format and content of such Static Pool
Information). Such information shall be provided
concurrently with the monthly reports otherwise required to
be delivered by the Servicer under this Agreement commencing
with the first such report due in connection with the
applicable Securitization Transaction."
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(g) The following paragraph is hereby incorporated into the Sale
and Servicing Agreement as new Subsections 34.03(g) and (h):
"(g) In addition to such information as the Company, as
servicer, is obligated to provide pursuant to other
provisions of this Agreement, not later than ten days prior
to the deadline for the filing of any distribution report on
Form 10-D in respect of any Securitization Transaction that
includes any of the Mortgage Loans serviced by the Company
or any Subservicer, the Company or such Subservicer, as
applicable, shall, to the extent the Company or such
Subservicer has knowledge, provide to the party responsible
for filing such report (including, if applicable, the Master
Servicer) notice of the occurrence of any of the following
events along with all information, data, and materials
related thereto as may be required to be included in the
related distribution report on Form 10-D (as specified in
the provisions of Regulation AB referenced below):
(i) any material modifications, extensions or waivers
of pool asset terms, fees, penalties or payments
during the distribution period or that have
cumulatively become material over time (Item
1121(a)(11) of Regulation AB);
(ii) material breaches of pool asset representations
or warranties or transaction covenants (Item
1121(a)(12) of Regulation AB); and
(iii) information regarding new asset-backed
securities issuances backed by the same pool assets,
any pool asset changes (such as, additions,
substitutions or repurchases), and any material
changes in origination, underwriting or other criteria
for acquisition or selection of pool assets (Item
1121(a)(14) of Regulation AB).
(h) The Company shall provide to the Purchaser, any Master
Servicer and any Depositor, evidence of the authorization of
the person signing any certification or statement, copies or
other evidence of Fidelity Bond Insurance and Errors and
Omission Insurance policy, financial information and
reports, and such other information related to the Company
or any Subservicer or the Company or such Subservicer's
performance hereunder."
(h) Subsections 34.04 and 34.05 are hereby amended to delete the
date "March 10th" and replace with the date "March 1st".
(i) Subsection 34.05(a)(iv) is hereby amended and restated in
its entirety as follows:
"deliver, and cause each Subservicer and subcontractor
described in clause (iii) above to deliver, to the
Purchaser, any Depositor and any other Person
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that will be responsible for signing the certification (a
"Sarbanes Certification") required by Rules 13a-14(d) and
15d-14(d) under the Exchange Act (pursuant to Section 302 of
the Xxxxxxxx-Xxxxx Act of 2002) on behalf of an asset-backed
issuer with respect to a Securitization Transaction a
certification, signed by an appropriate officer of the
Seller, in the form attached hereto as Exhibit 16."
(j) The penultimate sentence of Subsection 34.06(a) is hereby
amended and restated in its entirety as follows:
"The Seller shall cause any Subservicer used by the Seller
(or by any Subservicer) for the benefit of the Purchaser and
any Depositor to comply with the provisions of this Section
and with Subsections 34.02, 34.03(c), (e), (g) and (h),
34.04, 34.05 and 34.07 of this Agreement to the same extent
as if such Subservicer were the Seller, and to provide the
information required with respect to such Subservicer under
Subsection 34.03(d) of this Agreement."
(k) The last two lines of Subsection 34.06(b) are hereby amended
and restated as follows:
"...assessment of compliance and attestation, and the other
certifications required to be delivered..."
(l) Subsection 34.07 is hereby amended and restated in its
entirety as follows:
"Subsection 34.07 Indemnification; Remedies.
(a) The Seller shall indemnify the Purchaser, each
affiliate of the Purchaser, and each of the following
parties participating in a Securitization Transaction: each
sponsor and issuing entity; each Person responsible for the
preparation, execution or filing of any report required to
be filed with the Commission with respect to such
Securitization Transaction, or for execution of a
certification pursuant to Rule 13a-14(d) or Rule 15d-14(d)
under the Exchange Act with respect to such Securitization
Transaction; each broker dealer acting as underwriter,
placement agent or initial purchaser, each Person who
controls any of such parties or the Depositor (within the
meaning of Section 15 of the Securities Act and Section 20
of the Exchange Act); and the respective present and former
directors, officers, employees and agents of each of the
foregoing and of the Depositor (each, an "Indemnified
Party"), and shall hold each of them harmless from and
against any losses, damages, penalties, fines, forfeitures,
legal fees and expenses and related costs, judgments, and
any other costs, fees and expenses that any of them may
sustain arising out of or based upon:
(i)(A) any untrue statement of a material fact
contained or alleged to be contained in any
information, report, certification,
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accountants' letter or other material provided in
written or electronic form under this Section 34 by or
on behalf of the Seller, or provided under this
Section 34 by or on behalf of any Subservicer,
Subcontractor or Third-Party Originator (collectively,
the "Seller Information"), or a. the omission or
alleged omission to state in the Seller Information a
material fact required to be stated in the Seller
Information or necessary in order to make the
statements therein, in the light of the circumstances
under which they were made, not misleading; provided,
by way of clarification, that clause (B) of this
paragraph shall be construed solely by reference to
the Seller Information and not to any other
information communicated in connection with a sale or
purchase of securities, without regard to whether the
Seller Information or any portion thereof is presented
together with or separately from such other
information;
(ii) any failure by the Seller, any Subservicer, any
Subcontractor or any Third-Party Originator to deliver
any information, report, certification, accountants'
letter or other material when and as required, under
this Section 34, including any failure by the Seller
to identify pursuant to Subsection 34.06(b) any
Subcontractor "participating in the servicing
function" within the meaning of Item 1122 of
Regulation AB;
(iii) any breach by the Seller of a representation or
warranty set forth in Subsection 34.02(a) or in a
writing furnished pursuant to Subsection 34.02(b) and
made as of a date prior to the closing date of the
related Securitization Transaction, to the extent that
such breach is not cured by such closing date, or any
breach by the Seller of a representation or warranty
in a writing furnished pursuant to Subsection 34.02(b)
to the extent made as of a date subsequent to such
closing date; or
(iv) the negligence, bad faith or willful misconduct
of the Seller in connection with its obligation to
deliver the certifications and reports required by
Section 34.03, Section 34.04 or Section 34.05 hereof.
If the indemnification provided for herein is unavailable or
insufficient to hold harmless an Indemnified Party, then the
Seller agrees that it shall contribute to the amount paid or
payable by such Indemnified Party as a result of any claims,
losses, damages or liabilities incurred by such Indemnified
Party in such proportion as is appropriate to reflect the
relative fault of such Indemnified Party on the one hand and
the Seller on the other.
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In the case of any failure of performance described in
clause (a)(ii) of this Section, the Seller shall promptly
reimburse the Purchaser, any Depositor, as applicable, and
each Person responsible for the preparation, execution or
filing of any report required to be filed with the
Commission with respect to such Securitization Transaction,
or for execution of a certification pursuant to Rule
13a-14(d) or Rule 15d-14(d) under the Exchange Act with
respect to such Securitization Transaction, for all costs
reasonably incurred by each such party in order to obtain
the information, report, certification, accountants' letter
or other material not delivered as required by the Seller,
any Subservicer, any Subcontractor or any Third-Party
Originator.
This indemnification shall survive the termination of this
Agreement or the termination of any party to this Agreement.
(b) (i) Any failure by the Seller, any Subservicer, any
Subcontractor or any Third-Party Originator to
deliver any information, report, certification,
accountants' letter or other material when and as
required under this Section 34, or any breach by the
Seller of a representation or warranty set forth in
Subsection 34.02(a) or in a writing furnished
pursuant to Subsection 34.02(b) and made as of a date
prior to the closing date of the related
Securitization Transaction, to the extent that such
breach is not cured by such closing date, or any
breach by the Seller of a representation or warranty
in a writing furnished pursuant to Subsection
34.02(b) to the extent made as of a date subsequent
to such closing date, shall, except as provided in
clause (ii) of this paragraph, immediately and
automatically, without notice or grace period,
constitute an Event of Default with respect to the
Seller under this Agreement and any applicable
Reconstitution Agreement, and shall entitle the
Purchaser or Depositor, as applicable, in its sole
discretion to terminate the rights and obligations of
the Seller as servicer under this Agreement and/or
any applicable Reconstitution Agreement without
payment (notwithstanding anything in this Agreement
or any applicable Reconstitution Agreement to the
contrary) of any compensation to the Seller (and if
the Seller is servicing any of the Mortgage Loans in
a Securitization Transaction, shall entitle the
Purchaser or Depositor, as applicable, in its sole
discretion to appoint a successor servicer reasonably
acceptable to any Master Servicer for such
Securitization Transaction); provided that to the
extent that any provision of this Agreement and/or
any applicable Reconstitution Agreement expressly
provides for the survival of certain rights or
obligations following termination of the Seller as
servicer, such provision shall be given effect.
(ii) Any failure by the Seller, any Subservicer or
any Subcontractor to deliver any information, report,
certification or
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accountants' letter when and as required under
Subsection 34.04 or 34.05, including (except as
provided below) any failure by the Seller to identify
pursuant to Subsection 34.06(b) any Subcontractor
"participating in the servicing function" within the
meaning of Item 1122 of Regulation AB, which continues
unremedied for ten calendar days after the date on
which such information, report, certification or
accountants' letter was required to be delivered shall
constitute an Event of Default with respect to the
Seller under this Agreement and any applicable
Reconstitution Agreement, and shall entitle the
Purchaser or Depositor, as applicable, in its sole
discretion to terminate the rights and obligations of
the Seller as servicer under this Agreement and/or any
applicable Reconstitution Agreement without payment
(notwithstanding anything in this Agreement to the
contrary) of any compensation to the Seller; provided
that to the extent that any provision of this
Agreement and/or any applicable Reconstitution
Agreement expressly provides for the survival of
certain rights or obligations following termination of
the Seller as servicer, such provision shall be given
effect.
Neither the Purchaser nor any Depositor shall be
entitled to terminate the rights and obligations of
the Seller pursuant to this subparagraph (b)(ii) if a
failure of the Seller to identify a Subcontractor
"participating in the servicing function" within the
meaning of Item 1122 of Regulation AB was attributable
solely to the role or functions of such Subcontractor
with respect to mortgage loans other than the Mortgage
Loans.
(iii) The Seller shall promptly reimburse the
Purchaser (or any designee of the Purchaser, such as a
master servicer) and any Depositor, as applicable, for
all reasonable expenses incurred by the Purchaser (or
such designee) or such Depositor, as such are
incurred, in connection with the termination of the
Seller as servicer and the transfer of servicing of
the Mortgage Loans to a successor servicer. The
provisions of this paragraph shall not limit whatever
rights the Purchaser or any Depositor may have under
other provisions of this Agreement and/or any
applicable Reconstitution Agreement or otherwise,
whether in equity or at law, such as an action for
damages, specific performance or injunctive relief."
(m) The following paragraph is hereby incorporated into the Sale
and Servicing Agreement as new Section 35:
"Third Party Beneficiary. For purposes of this Agreement,
including but not limited to Subsections 11.19 and 11.20, any Master
Servicer shall be considered a third
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party beneficiary to this Agreement entitled to all the rights and
benefits accruing to any Master Servicer herein as if it were a direct
party to this Agreement."
(n) Exhibit 9 to the Sale and Servicing Agreement is hereby
replaced in its entirety with the Amended and Restated Exhibit 9
attached to this Agreement as Exhibit II.
(o) Exhibits 16 to the Sale and Servicing Agreement is hereby
replaced in its entirety with Exhibit A-1 to this Agreement.
Notices
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7. Any notices or other communications permitted or required
under the Sale and Servicing Agreement to be made to the Company, Assignor,
Assignee, and the Trustee shall be made in accordance with the terms of the
Sale and Servicing Agreement and shall be sent to the Assignee and Trustee as
follows:
In the case of Assignor:
Xxxxxx Xxxxxxx Mortgage Capital Inc.
0000 Xxxxxx xx xxx Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx Mortgage Loan Trust 2006-2
With a copy to:
Xxxxxx Xxxxxxx & Co. Incorporated
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: General Counsel's Office
In the case of Assignee:
Xxxxxx Xxxxxxx Capital I Inc.
0000 Xxxxxxxx
Xxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxx Xxxxxxx Mortgage Loan Trust 2006-2
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In the case of the Trustee:
LaSalle Bank National Association
000 Xxxxx XxXxxxx Xxxxxx, Xxxxx 0000
Xxxxxxx, Xxxxxxxx 00000
Attention: Global Securities and Trust Services MSM 2006-2
In the case of the Company, as Seller:
The Hemisphere National Bank
0000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxx
With a copy to:
The Hemisphere National Bank
0000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxx, Esq.
In the case of the Company, as Servicer:
The Hemisphere National Bank
0000 X. X. 00xx Xxxxxx, Xxxxx 000
Xxxxx, Xxxxxxx 00000
Attention: Xxxx Xxxxxxx
With copies to:
The Hemisphere National Bank
0000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxxx
The Hemisphere National Bank
0000 Xxxxxxxx Xxxxxx, 0xx Xxxxx
Xxxxxx Xxxx, Xxx Xxxx 00000
Attention: Xxxxxxx Xxxxx, Esq.
or to such other address as may hereafter be furnished by Assignee and the
Trustee to the parties in accordance with the provisions of the Sale and
Servicing Agreement.
Miscellaneous
-------------
8. This Agreement shall be construed in accordance with
accordance with the laws of the State of New York to the extent such laws are
not preempted by federal law, without giving effect to the conflict of laws
provisions of the laws of the State of New York, and the
13
obligations, rights and remedies of the parties hereunder shall be determined
in accordance therewith.
9. No term or provision of this Agreement may be waived or
modified unless such waiver or modification is in writing and signed by the
party against whom such waiver or modification is sought to be enforced, with
the prior written consent of the Master Servicer and the Trustee.
10. This Agreement shall inure to the benefit of the successors
and assigns of the parties hereto, including the Master Servicer and the Trust
(including the Trustee acting on the Trust's behalf). Any entity into which
Assignor, Assignee, Master Servicer or Company may be merged or consolidated
shall, without the requirement for any further writing, be deemed Assignor,
Assignee, Master Servicer or Company, respectively, hereunder.
11. Each of this Agreement and the Sale and Servicing Agreement
shall survive the conveyance of the Mortgage Loans and the assignment of the
Sale and Servicing Agreement (to the extent assigned hereunder) by Assignor to
Assignee and by Assignee to the Trust and nothing contained herein shall
supersede or amend the terms of the Sale and Servicing Agreement.
12. This Agreement may be executed simultaneously in any number
of counterparts. Each counterpart shall be deemed to be an original and all
such counterparts shall constitute one and the same instrument.
13. In the event that any provision of this Agreement conflicts
with any provision of the Sale and Servicing Agreement with respect to the
Mortgage Loans, the terms of this Agreement shall control.
14. Capitalized terms used in this Agreement (including the
exhibits hereto) but not defined in this Agreement shall have the meanings
given to such terms in the Sale and Servicing Agreement or, if not defined
therein, in the Pooling and Servicing Agreement. In the event that the
definition of a capitalized term in the Sale and Servicing Agreement conflicts
with the definition of that capitalized term in the Pooling and Servicing
Agreement, the definition in the Pooling and Servicing Agreement shall
control.
14
IN WITNESS WHEREOF, the parties hereto have executed this Assignment the
day and year first above written.
XXXXXX XXXXXXX MORTGAGE
CAPITAL INC.
By: /s/ Xxxxxx Xxxxxxx
-------------------------------
Name: Xxxxxx Xxxxxxx
Title: Executive Director
XXXXXX XXXXXXX CAPITAL I INC.
By: /s/ Xxxxxx Xxxxxxx
-------------------------------
Name: Xxxxxx Xxxxxxx
Title: Vice President
THE HEMISPHERE NATIONAL BANK
By: /s/ Xxxxxx Xxxxxxxx
-------------------------------
Name: Xxxxxx Xxxxxxxx
Title: President
By: /s/ Xxxxxxx Xxxxxx
-------------------------------
Name: Xxxxxxx Xxxxxx
Title: Senior Managing Director
15
Acknowledged and Agreed:
XXXXX FARGO BANK, NATIONAL
ASSOCIATION, as Master Servicer
By: /s/ Xxxxxx X. Xxxxxx
-------------------------------
Name: Xxxxxx X. Xxxxxx
Title: Assistant Vice President
LASALLE BANK NATIONAL ASSOCIATION,
as Trustee of Xxxxxx Xxxxxxx
Mortgage Loan Trust 2006-2
By: /s/ Xxxx X. Xxxxx
-------------------------------
Name: Xxxx X. Xxxxx
Title: Assistant Vice President
16
EXHIBIT I
Mortgage Loan Schedule
[see Schedule A to Pooling and Servicing Agreement]
EXH. I-1
Exhibit IIA: Standard File Layout - Delinquency Reporting
-----------------------------------------------------------------------------------------------------------------------------------
Column/Header Name Description Decimal Format
Comment
-----------------------------------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer. This may
be different than the LOAN_NBR
-----------------------------------------------------------------------------------------------------------------------------------
LOAN_NBR A unique identifier assigned to each loan by the originator.
-----------------------------------------------------------------------------------------------------------------------------------
CLIENT_NBR Servicer Client Number
-----------------------------------------------------------------------------------------------------------------------------------
SERV_INVESTOR_NBR Contains a unique number as assigned by an external servicer
to identify a group of loans in their system.
-----------------------------------------------------------------------------------------------------------------------------------
BORROWER_FIRST_NAME First Name of the Borrower.
-----------------------------------------------------------------------------------------------------------------------------------
BORROWER_LAST_NAME Last name of the borrower.
-----------------------------------------------------------------------------------------------------------------------------------
PROP_ADDRESS Street Name and Number of Property
-----------------------------------------------------------------------------------------------------------------------------------
PROP_STATE The state where the property located.
-----------------------------------------------------------------------------------------------------------------------------------
PROP_ZIP Zip code where the property is located.
-----------------------------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE The date that the borrower's next payment is due to the MM/DD/YYYY
servicer at the end of processing cycle, as reported by
Servicer.
-----------------------------------------------------------------------------------------------------------------------------------
LOAN_TYPE Loan Type (i.e. FHA, VA, Conv)
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_FILED_DATE The date a particular bankruptcy claim was filed. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CHAPTER_CODE The chapter under which the bankruptcy was filed.
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_CASE_NBR The case number assigned by the court to the bankruptcy
filing.
-----------------------------------------------------------------------------------------------------------------------------------
POST_PETITION_DUE_DATE The payment due date once the bankruptcy has been approved by MM/DD/YYYY
the courts
-----------------------------------------------------------------------------------------------------------------------------------
BANKRUPTCY_DCHRG_DISM_DATE The Date The Loan Is Removed From Bankruptcy. Either by MM/DD/YYYY
Dismissal, Discharged and/or a Motion For Relief Was Granted.
-----------------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_APPR_DATE The Date The Loss Mitigation Was Approved By The Servicer MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_TYPE The Type Of Loss Mitigation Approved For A Loan Such As;
-----------------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_EST_COMP_DATE The Date The Loss Mitigation /Plan Is Scheduled To End/Close MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
LOSS_MIT_ACT_COMP_DATE The Date The Loss Mitigation Is Actually Completed MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FRCLSR_APPROVED_DATE The date DA Admin sends a letter to the servicer with MM/DD/YYYY
instructions to begin foreclosure proceedings.
-----------------------------------------------------------------------------------------------------------------------------------
ATTORNEY_REFERRAL_DATE Date File Was Referred To Attorney to Pursue Foreclosure MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FIRST_LEGAL_DATE Notice of 1st legal filed by an Attorney in a Foreclosure Action MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_EXPECTED_DATE The date by which a foreclosure sale is expected to occur. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_DATE The actual date of the foreclosure sale. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FRCLSR_SALE_AMT The amount a property sold for at the foreclosure sale. 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
EVICTION_START_DATE The date the servicer initiates eviction of the borrower. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
EVICTION_COMPLETED_DATE The date the court revokes legal possession of the property MM/DD/YYYY
from the borrower.
-----------------------------------------------------------------------------------------------------------------------------------
LIST_PRICE The price at which an REO property is marketed. 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
LIST_DATE The date an REO property is listed at a particular price. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
OFFER_AMT The dollar value of an offer for an REO property. 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
OFFER_DATE_TIME The date an offer is received by DA Admin or by the Servicer. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
REO_CLOSING_DATE The date the REO sale of the property is scheduled to close. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
REO_ACTUAL_CLOSING_DATE Actual Date Of REO Sale MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
OCCUPANT_CODE Classification of how the property is occupied.
-----------------------------------------------------------------------------------------------------------------------------------
PROP_CONDITION_CODE A code that indicates the condition of the property.
-----------------------------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------------------------------
PROP_INSPECTION_DATE The date a property inspection is performed. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
APPRAISAL_DATE The date the appraisal was done. MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
CURR_PROP_VAL The current "as is" value of the property based on brokers 2
price opinion or appraisal.
-----------------------------------------------------------------------------------------------------------------------------------
REPAIRED_PROP_VAL The amount the property would be worth if repairs are completed 2
pursuant to a broker's price opinion or appraisal.
-----------------------------------------------------------------------------------------------------------------------------------
If applicable:
--------------
-----------------------------------------------------------------------------------------------------------------------------------
DELINQ_STATUS_CODE FNMA Code Describing Status of Loan
-----------------------------------------------------------------------------------------------------------------------------------
DELINQ_REASON_CODE The circumstances which caused a borrower to stop paying on a
loan. Code indicates the reason why the loan is in default for
this cycle.
-----------------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_FILED_DATE Date Mortgage Insurance Claim Was Filed With Mortgage Insurance MM/DD/YYYY
Company.
-----------------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_AMT Amount of Mortgage Insurance Claim Filed No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_PAID_DATE Date Mortgage Insurance Company Disbursed Claim Payment MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
MI_CLAIM_AMT_PAID Amount Mortgage Insurance Company Paid On Claim 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
POOL_CLAIM_FILED_DATE Date Claim Was Filed With Pool Insurance Company MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
POOL_CLAIM_AMT Amount of Claim Filed With Pool Insurance Company 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
POOL_CLAIM_PAID_DATE Date Claim Was Settled and The Check Was Issued By The Pool MM/DD/YYYY
Insurer
-----------------------------------------------------------------------------------------------------------------------------------
POOL_CLAIM_AMT_PAID Amount Paid On Claim By Pool Insurance Company 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_FILED_DATE Date FHA Part A Claim Was Filed With HUD MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_AMT Amount of FHA Part A Claim Filed 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_PAID_DATE Date HUD Disbursed Part A Claim Payment MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_A_CLAIM_PAID_AMT Amount HUD Paid on Part A Claim 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_FILED_DATE Date FHA Part B Claim Was Filed With HUD MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_AMT Amount of FHA Part B Claim Filed 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_PAID_DATE Date HUD Disbursed Part B Claim Payment MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
FHA_PART_B_CLAIM_PAID_AMT Amount HUD Paid on Part B Claim 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
VA_CLAIM_FILED_DATE Date VA Claim Was Filed With the Veterans Admin MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
VA_CLAIM_PAID_DATE Date Veterans Admin. Disbursed VA Claim Payment MM/DD/YYYY
-----------------------------------------------------------------------------------------------------------------------------------
VA_CLAIM_PAID_AMT Amount Veterans Admin. Paid on VA Claim 2 No commas(,) or
dollar signs ($)
-----------------------------------------------------------------------------------------------------------------------------------
Exhibit IIB: Standard File Codes - Delinquency Reporting
The Loss Mit Type field should show the approved Loss Mitigation Code as
follows:
o ASUM- Approved Assumption
o BAP- Borrower Assistance Program
o CO- Charge Off
o DIL- Deed-in-Lieu
o FFA- Formal Forbearance Agreement
o MOD- Loan Modification
o PRE- Pre-Sale
o SS- Short Sale
o MISC- Anything else approved by the PMI or Pool Insurer
NOTE: Xxxxx Fargo Bank will accept alternative Loss Mitigation Types to those
above, provided that they are consistent with industry standards. If Loss
Mitigation Types other than those above are used, the Servicer must supply
Xxxxx Fargo Bank with a description of each of the Loss Mitigation Types prior
to sending the file.
The Occupant Code field should show the current status of the property code as
follows:
o Mortgagor
o Tenant
o Unknown
o Vacant
The Property Condition field should show the last reported condition of the
property as follows:
o Damaged
o Excellent
o Fair
o Gone
o Good
o Poor
o Special Hazard
o Unknown
The FNMA Delinquent Reason Code field should show the Reason for Delinquency
as follows:
-------------------------------------------------------------------------
Delinquency Delinquency Description
Code
-------------------------------------------------------------------------
001 FNMA-Death of principal mortgagor
-------------------------------------------------------------------------
002 FNMA-Illness of principal mortgagor
-------------------------------------------------------------------------
003 FNMA-Illness of mortgagor's family member
-------------------------------------------------------------------------
004 FNMA-Death of mortgagor's family member
-------------------------------------------------------------------------
005 FNMA-Marital difficulties
-------------------------------------------------------------------------
006 FNMA-Curtailment of income
-------------------------------------------------------------------------
007 FNMA-Excessive Obligation
-------------------------------------------------------------------------
008 FNMA-Abandonment of property
-------------------------------------------------------------------------
009 FNMA-Distant employee transfer
-------------------------------------------------------------------------
-------------------------------------------------------------------------
011 FNMA-Property problem
-------------------------------------------------------------------------
012 FNMA-Inability to sell property
-------------------------------------------------------------------------
013 FNMA-Inability to rent property
-------------------------------------------------------------------------
014 FNMA-Military Service
-------------------------------------------------------------------------
015 FNMA-Other
-------------------------------------------------------------------------
016 FNMA-Unemployment
-------------------------------------------------------------------------
017 FNMA-Business failure
-------------------------------------------------------------------------
019 FNMA-Casualty loss
-------------------------------------------------------------------------
022 FNMA-Energy environment costs
-------------------------------------------------------------------------
023 FNMA-Servicing problems
-------------------------------------------------------------------------
026 FNMA-Payment adjustment
-------------------------------------------------------------------------
027 FNMA-Payment dispute
-------------------------------------------------------------------------
029 FNMA-Transfer of ownership pending
-------------------------------------------------------------------------
030 FNMA-Fraud
-------------------------------------------------------------------------
031 FNMA-Unable to contact borrower
-------------------------------------------------------------------------
INC FNMA-Incarceration
-------------------------------------------------------------------------
The FNMA Delinquent Status Code field should show the Status of Default as
follows:
-----------------------------------------------------------------------
Status Code Status Description
-----------------------------------------------------------------------
09 Forbearance
-----------------------------------------------------------------------
17 Pre-foreclosure Sale Closing Plan Accepted
-----------------------------------------------------------------------
24 Government Seizure
-----------------------------------------------------------------------
26 Refinance
-----------------------------------------------------------------------
27 Assumption
-----------------------------------------------------------------------
28 Modification
-----------------------------------------------------------------------
29 Charge-Off
-----------------------------------------------------------------------
30 Third Party Sale
-----------------------------------------------------------------------
31 Probate
-----------------------------------------------------------------------
32 Military Indulgence
-----------------------------------------------------------------------
43 Foreclosure Started
-----------------------------------------------------------------------
44 Deed-in-Lieu Started
-----------------------------------------------------------------------
49 Assignment Completed
-----------------------------------------------------------------------
61 Second Lien Considerations
-----------------------------------------------------------------------
62 Veteran's Affairs-No Bid
-----------------------------------------------------------------------
63 Veteran's Affairs-Refund
-----------------------------------------------------------------------
64 Veteran's Affairs-Buydown
-----------------------------------------------------------------------
65 Chapter 7 Bankruptcy
-----------------------------------------------------------------------
66 Chapter 11 Bankruptcy
-----------------------------------------------------------------------
67 Chapter 13 Bankruptcy
-----------------------------------------------------------------------
Exhibit IIC: Standard File Layout - Master Servicing
---------------------------------------------------------------------------------------------------------------
Column Name Description Decimal
---------------------------------------------------------------------------------------------------------------
SER_INVESTOR_NBR A value assigned by the Servicer to define a group of
loans.
---------------------------------------------------------------------------------------------------------------
LOAN_NBR A unique identifier assigned to each loan by the
investor.
---------------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR A unique number assigned to a loan by the Servicer.
This may be different than the LOAN_NBR.
---------------------------------------------------------------------------------------------------------------
BORROWER_NAME The borrower name as received in the file. It is not
separated by first and last name.
---------------------------------------------------------------------------------------------------------------
SCHED_PAY_AMT Scheduled monthly principal and scheduled interest 2
payment that a borrower is expected to pay, P&I
constant.
---------------------------------------------------------------------------------------------------------------
NOTE_INT_RATE The loan interest rate as reported by the Servicer. 4
---------------------------------------------------------------------------------------------------------------
NET_INT_RATE The loan gross interest rate less the service fee rate 4
as reported by the Servicer.
---------------------------------------------------------------------------------------------------------------
SERV_FEE_RATE The servicer's fee rate for a loan as reported by the 4
Servicer.
---------------------------------------------------------------------------------------------------------------
SERV_FEE_AMT The servicer's fee amount for a loan as reported by the 2
Servicer.
---------------------------------------------------------------------------------------------------------------
NEW_PAY_AMT The new loan payment amount as reported by the 2
Servicer.
---------------------------------------------------------------------------------------------------------------
NEW_LOAN_RATE The new loan rate as reported by the Servicer. 4
---------------------------------------------------------------------------------------------------------------
ARM_INDEX_RATE The index the Servicer is using to calculate a 4
forecasted rate.
---------------------------------------------------------------------------------------------------------------
ACTL_BEG_PRIN_BAL The borrower's actual principal balance at the 2
beginning of the processing cycle.
---------------------------------------------------------------------------------------------------------------
ACTL_END_PRIN_BAL The borrower's actual principal balance at the end of 2
the processing cycle.
---------------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE The date at the end of processing cycle that the
borrower's next payment is due to the Servicer, as
reported by Servicer.
---------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_1 The first curtailment amount to be applied. 2
---------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_1 The curtailment date associated with the first
curtailment amount.
---------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_1 The curtailment interest on the first curtailment 2
amount, if applicable.
---------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_2 The second curtailment amount to be applied. 2
---------------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
Column Name Format Comment Max
Size
-----------------------------------------------------------------------------------------------------------
SER_INVESTOR_NBR Text up to 10 digits 20
-----------------------------------------------------------------------------------------------------------
LOAN_NBR Text up to 10 digits 10
-----------------------------------------------------------------------------------------------------------
SERVICER_LOAN_NBR Text up to 10 digits 10
-----------------------------------------------------------------------------------------------------------
BORROWER_NAME Maximum length of 30 (Last, First) 30
-----------------------------------------------------------------------------------------------------------
SCHED_PAY_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
NOTE_INT_RATE Max length of 6 6
-----------------------------------------------------------------------------------------------------------
NET_INT_RATE Max length of 6 6
-----------------------------------------------------------------------------------------------------------
SERV_FEE_RATE Max length of 6 6
-----------------------------------------------------------------------------------------------------------
SERV_FEE_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
NEW_PAY_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
NEW_LOAN_RATE Max length of 6 6
-----------------------------------------------------------------------------------------------------------
ARM_INDEX_RATE Max length of 6 6
-----------------------------------------------------------------------------------------------------------
ACTL_BEG_PRIN_BAL No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
ACTL_END_PRIN_BAL No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
BORR_NEXT_PAY_DUE_DATE MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_1 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_1 MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_1 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_2 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_2 The curtailment date associated with the second
curtailment amount.
---------------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_2 The curtailment interest on the second curtailment 2
amount, if applicable.
---------------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_3 The third curtailment amount to be applied. 2
---------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_3 The curtailment date associated with the third
curtailment amount.
---------------------------------------------------------------------------------------------------------------
CURT_ADJ_AMT_3 The curtailment interest on the third curtailment 2
amount, if applicable.
---------------------------------------------------------------------------------------------------------------
PIF_AMT The loan "paid in full" amount as reported by the 2
Servicer.
---------------------------------------------------------------------------------------------------------------
PIF_DATE The paid in full date as reported by the Servicer.
---------------------------------------------------------------------------------------------------------------
ACTION_CODE The standard FNMA numeric code used to indicate the
default/delinquent status of a particular loan.
---------------------------------------------------------------------------------------------------------------
INT_ADJ_AMT The amount of the interest adjustment as reported by 2
the Servicer.
---------------------------------------------------------------------------------------------------------------
SOLDIER_SAILOR_ADJ_AMT The Soldier and Sailor Adjustment amount, if applicable. 2
---------------------------------------------------------------------------------------------------------------
NON_ADV_LOAN_AMT The Non Recoverable Loan Amount, if applicable. 2
---------------------------------------------------------------------------------------------------------------
LOAN_LOSS_AMT The amount the Servicer is passing as a loss, if 2
applicable.
---------------------------------------------------------------------------------------------------------------
SCHED_BEG_PRIN_BAL The scheduled outstanding principal amount due at the 2
beginning of the cycle date to be passed through to
investors.
---------------------------------------------------------------------------------------------------------------
SCHED_END_PRIN_BAL The scheduled principal balance due to investors at the 2
end of a processing cycle.
---------------------------------------------------------------------------------------------------------------
SCHED_PRIN_AMT The scheduled principal amount as reported by the 2
Servicer for the current cycle -- only applicable for
Scheduled/Scheduled Loans.
---------------------------------------------------------------------------------------------------------------
SCHED_NET_INT The scheduled gross interest amount less the service 2
fee amount for the current cycle as reported by the
Servicer - only applicable for Scheduled/Scheduled
Loans.
---------------------------------------------------------------------------------------------------------------
ACTL_PRIN_AMT The actual principal amount collected by the Servicer 2
for the current reporting cycle -- only applicable for
Actual/Actual Loans.
---------------------------------------------------------------------------------------------------------------
ACTL_NET_INT The actual gross interest amount less the service fee 2
amount for the current reporting cycle as reported by
the Servicer -- only applicable for Actual/Actual
Loans.
---------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ AMT The penalty amount received when a borrower prepays 2
on his loan as reported by the Servicer.
---------------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_2 MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
CURT_ADJ_ AMT_2 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SERV_CURT_AMT_3 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SERV_CURT_DATE_3 MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
CURT_ADJ_AMT_3 No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
PIF_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
PIF_DATE MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
Action Code Key: 15=Bankruptcy, 30=Foreclosure, , 2
ACTION_CODE 60=PIF, 63=Substitution, 65=Repurchase,70=REO
-----------------------------------------------------------------------------------------------------------
INT_ADJ_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SOLDIER_SAILOR_ADJ_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
NON_ADV_LOAN_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
LOAN_LOSS_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SCHED_BEG_PRIN_BAL No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SCHED_END_PRIN_BAL No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SCHED_PRIN_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
SCHED_NET_INT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
ACTL_PRIN_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
ACTL_NET_INT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ WAIVED The prepayment penalty amount for the loan waived by 2
the servicer.
---------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------
MOD_DATE The Effective Payment Date of the Modification for the
loan.
---------------------------------------------------------------------------------------------------------------
MOD_TYPE The Modification Type.
---------------------------------------------------------------------------------------------------------------
DELINQ_P&I_ADVANCE_AMT The current outstanding principal and interest advances 2
made by Servicer.
---------------------------------------------------------------------------------------------------------------
PREPAY_PENALTY_ WAIVED No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
-----------------------------------------------------------------------------------------------------------
MOD_DATE MM/DD/YYYY 10
-----------------------------------------------------------------------------------------------------------
MOD_TYPE Varchar - value can be alpha or numeric 30
-----------------------------------------------------------------------------------------------------------
DELINQ_P&I_ADVANCE_AMT No commas(,) or dollar signs ($) 11
-----------------------------------------------------------------------------------------------------------
Exhibit IID : Calculation of Realized Loss/Gain Form 332- Instruction Sheet
NOTE: Do not net or combine items. Show all expenses individually and
all credits as separate line items. Claim packages are due on the
remittance report date. Late submissions may result in claims not being
passed until the following month. The Servicer is responsible to remit
all funds pending loss approval and /or resolution of any disputed
items.
1.
2. The numbers on the 332 form correspond with the numbers listed below.
Liquidation and Acquisition Expenses:
-------------------------------------
1. The Actual Unpaid Principal Balance of the Mortgage Loan. For
documentation, an Amortization Schedule from date of default
through liquidation breaking out the net interest and servicing
fees advanced is required.
2. The Total Interest Due less the aggregate amount of servicing fee
that would have been earned if all delinquent payments had been
made as agreed. For documentation, an Amortization Schedule from
date of default through liquidation breaking out the net interest
and servicing fees advanced is required.
3. Accrued Servicing Fees based upon the Scheduled Principal Balance
of the Mortgage Loan as calculated on a monthly basis. For
documentation, an Amortization Schedule from date of default
through liquidation breaking out the net interest and servicing
fees advanced is required.
4-12. Complete as applicable. Required documentation:
* For taxes and insurance advances - see page 2 of 332 form -
breakdown required showing period
of coverage, base tax, interest, penalty. Advances prior to
default require evidence of servicer efforts to recover
advances.
* For escrow advances - complete payment history
(to calculate advances from last positive escrow balance forward)
* Other expenses - copies of corporate advance history showing all
payments
* REO repairs > $1500 require explanation
* REO repairs >$3000 require evidence of at least 2 bids.
* Short Sale or Charge Off require P&L supporting the decision and
WFB's approved Officer Certificate
* Unusual or extraordinary items may require further
documentation.
13. The total of lines 1 through 12. 3. Credits:
14-21. Complete as applicable. Required documentation: * Copy of the HUD
1 from the REO sale. If a 3rd Party Sale, bid instructions and
Escrow Agent / Attorney
Letter of Proceeds Breakdown.
* Copy of EOB for any MI or gov't guarantee
* All other credits need to be clearly defined on the 332
form
22. The total of lines 14 through 21.
Please Note: For HUD/VA loans, use line (18a) for Part A/Initial
proceeds and line (18b) for Part B/Supplemental proceeds.
EXH. II-1
Total Realized Loss (or Amount of Any Gain)
-------------------------------------------
23. The total derived from subtracting line 22 from 13. If the amount
represents a realized gain, show the amount in parenthesis ( ).
EXH. II-2
Exhibit IIE: Calculation of Realized Loss/Gain Form 332
Prepared by: __________________ Date: _______________
Phone: ______________________ Email Address:_____________________
---------------------- ------------------------ -----------------------------
Servicer Loan No. Servicer Name Servicer Address
---------------------- ------------------------ -----------------------------
XXXXX FARGO BANK, N.A. Loan No._____________________________
Borrower's Name: ____________________________________________________
Property Address: ___________________________________________________
Liquidation Type: REO Sale 3rd Party Sale Short Sale Charge Off
Was this loan granted a Bankruptcy deficiency or cramdown Yes No
If "Yes", provide deficiency or cramdown amount _______________________________
Liquidation and Acquisition Expenses:
(1) Actual Unpaid Principal Balance of Mortgage Loan $ ______________ (1)
(2) Interest accrued at Net Rate ________________ (2)
(3) Accrued Servicing Fees ________________ (3)
(4) Attorney's Fees ________________ (4)
(5) Taxes (see page 2) ________________ (5)
(6) Property Maintenance ________________ (6)
(7) MI/Hazard Insurance Premiums (see page 2) ________________ (7)
(8) Utility Expenses ________________ (8)
(9) Appraisal/BPO ________________ (9)
(10) Property Inspections ________________ (10)
(11) FC Costs/Other Legal Expenses ________________ (11)
(12) Other (itemize) ________________ (12)
Cash for Keys__________________________ ________________ (12)
HOA/Condo Fees_________________________ ________________ (12)
______________________________________ ________________ (12)
Total Expenses $ _______________ (13)
Credits:
(14) Escrow Balance $ ______________ (14)
(15) HIP Refund ________________ (15)
(16) Rental Receipts ________________ (16)
(17) Hazard Loss Proceeds ________________ (17)
(18) Primary Mortgage Insurance / Gov't Insurance ________________ (18a)
HUD Part A
HUD Part B ________________ (18b)
EXH. II-3
(19) Pool Insurance Proceeds ________________ (19)
(20) Proceeds from Sale of Acquired Property ________________ (20)
(21) Other (itemize) ________________ (21)
_________________________________________ ________________ (21)
Total Credits $________________ (22)
Total Realized Loss (or Amount of Gain) $________________ (23)
EXH. II-4
Escrow Disbursement Detail
--------------------------------------------------------------------------------
Type Date Paid Period of Total Paid Base Penalties Interest
(Tax /Ins.) Coverage Amount
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
--------------------------------------------------------------------------------
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EXH. II-5
EXHIBIT A-1
FORM OF ANNUAL CERTIFICATION
Re: The [ ] agreement dated as of [ ], 200[ ] (the
"Agreement"), among [IDENTIFY PARTIES]
I, ________________________________, the _____________________ of Wachovia
Mortgage Corporation, certify to [the Purchaser], [the Depositor], and the
[Master Servicer] [Securities Administrator] [Trustee], and their officers,
with the knowledge and intent that they will rely upon this certification,
that:
(1) I have reviewed the servicer compliance statement of the Company
provided in accordance with Item 1123 of Regulation AB (the "Compliance
Statement"), the report on assessment of the Company's compliance with the
servicing criteria set forth in Item 1122(d) of Regulation AB and identified
as the responsibility of the Company on Exhibit B to the Regulation AB
Compliance Addendum to the Agreement (the "Servicing Criteria"), provided in
accordance with Rules 13a-18 and 15d-18 under Securities Exchange Act of 1934,
as amended (the "Exchange Act") and Item 1122 of Regulation AB (the "Servicing
Assessment"), the registered public accounting firm's attestation report
provided in accordance with Rules 13a-18 and 15d-18 under the Exchange Act and
Section 1122(b) of Regulation AB (the "Attestation Report"), and all servicing
reports, officer's certificates and other information relating to the
servicing of the Mortgage Loans by the Company during 200[ ] that were
delivered by the Company to the [Depositor] [Master Servicer] [Securities
Administrator] [Trustee] pursuant to the Agreement (collectively, the "Company
Servicing Information");
(2) Based on my knowledge, the Company Servicing Information, taken as a
whole, does not contain any untrue statement of a material fact or omit to
state a material fact necessary to make the statements made, in the light of
the circumstances under which such statements were made, not misleading with
respect to the period of time covered by the Company Servicing Information;
(3) Based on my knowledge, all of the Company Servicing Information required
to be provided by the Company under the Agreement has been provided to the
[Depositor] [Master Servicer] [Securities Administrator] [Trustee];
(4) I am responsible for reviewing the activities performed by the Company
as servicer under the Agreement, and based on my knowledge and the compliance
review conducted in preparing the Compliance Statement and except as disclosed
in the Compliance Statement, the Servicing Assessment or the Attestation
Report, the Company has fulfilled its obligations under the Agreement in all
material respects; and
(5) The Compliance Statement required to be delivered by the Company
pursuant to the Agreement, and the Servicing Assessment and Attestation Report
required to be provided by the Company and by any Subservicer and
Subcontractor pursuant to the Agreement, have been provided to the [Depositor]
[Master Servicer]. Any material instances of noncompliance described in such
reports have been disclosed to the [Depositor] [Master Servicer]. Any material
instance of noncompliance with the Servicing Criteria has been disclosed in
such reports.
EXH. A-1-1
Date:
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By:
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Name:
Title:
EXH. X-0-0
XXXXXXX X-0
SERVICING CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
The assessment of compliance to be delivered by [the Company] [Name of Subservicer] shall address, at a minimum,
the criteria identified as below as "Applicable Servicing Criteria";
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Applicable
Servicing
Servicing Criteria Criteria
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Reference Criteria
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General Servicing Considerations
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Policies and procedures are instituted to monitor any performance or
other triggers and events of default in accordance with the X
1122(d)(1)(i) transaction agreements.
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If any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party's X
1122(d)(1)(ii) performance and compliance with such servicing activities.
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Any requirements in the transaction agreements to maintain a back-up
1122(d)(1)(iii) servicer for the mortgage loans are maintained.
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A fidelity bond and errors and omissions policy is in effect on the
party participating in the servicing function throughout the reporting X
1122(d)(1)(iv) period in the amount of coverage required by and otherwise in
accordance with the terms of the transaction agreements.
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Cash Collection and Administration
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Payments on mortgage loans are deposited into the appropriate X
custodial bank accounts and related bank
clearing accounts no more than two
1122(d)(2)(i) business days following receipt, or such other number of
days specified in the transaction agreements.
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Disbursements made via wire transfer on behalf of an obligor or
1122(d)(2)(ii) to an investor are made only by authorized personnel. X
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Advances of funds or guarantees regarding collections,
cash flows or distributions, and any interest or other
fees charged for such advances, are made, reviewed and X
1122(d)(2)(iii) approved as specified in the transaction agreements.
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The related accounts for the transaction, such as cash reserve
accounts or accounts established as a form of overcollateralization, X
are separately maintained (e.g., with respect to commingling
1122(d)(2)(iv) of cash) as set forth in the transaction agreements.
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EXH.B-1-1
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Applicable
Servicing
Servicing Criteria Criteria
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Reference Criteria
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Each custodial account is maintained at a federally
insured depository institution as set forth in the
transaction agreements. For purposes of this criterion, X
"federally insured depository institution"
with respect to a foreign financial institution
1122(d)(2)(v) means a foreign financial institution that meets the
requirements of Rule 13k-1 (b)(1) of the Securities
Exchange Act.
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1122(d)(2)(vi) Unissued checks are safeguarded so as to prevent unauthorized access. X
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Reconciliations are prepared on a monthly basis for all asset-backed
securities related bank accounts, including custodial accounts and
related bank clearing accounts. These reconciliations are (A)
mathematically accurate; (B) prepared within 30 calendar days X
after the bank statement cutoff date, or such other number of
days specified in the transaction agreements; (C) reviewed and
approved by someone other than the person who prepared the
reconciliation; and (D) contain explanations for
1122(d)(2)(vii) reconciling items. These reconciling items are resolved
within 90 calendar days of their original
identification, or such other number of days specified
in the transaction agreements.
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Investor Remittances and Reporting
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Reports to investors, including those to be filed with
the Commission, are maintained in accordance with the
transaction agreements and applicable Commission
requirements. Specifically, such reports (A) are
prepared in accordance with timeframes and other terms
set forth in the transaction agreements; (B) provide
information calculated in accordance with the terms
specified in the transaction agreements; (C) are filed
with the Commission as required by its rules and
regulations; and (D) agree with investors' or the
trustee's records as to the total unpaid principal
balance and number of mortgage loans serviced by the
Servicer.
1122(d)(3)(i)
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Amounts due to investors are allocated and remitted in
accordance with timeframes, distribution priority and
other terms set forth in the
1122(d)(3)(ii) transaction agreements.
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Disbursements made to an investor are posted within two
business days to the Servicer's investor records, or
such other number of days
1122(d)(3)(iii) specified in the transaction agreements.
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Amounts remitted to investors per the investor reports
agree with cancelled checks, or other form of payment,
or custodial bank
1122(d)(3)(iv) statements.
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EXH.B-1-2
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Applicable
Servicing
Servicing Criteria Criteria
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Reference Criteria
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Pool Asset Administration
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Collateral or security on mortgage loans is maintained
1122(d)(4)(i) as required by the transaction agreements or related X
mortgage loan documents.
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Mortgage loan and related documents are safeguarded as required by the
1122(d)(4)(ii) transaction agreements X
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Any additions, removals or substitutions to the asset
pool are made, reviewed and approved in accordance with
1122(d)(4)(iii) any conditions or requirements in the transaction agreements.
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Payments on mortgage loans, including any payoffs, made
in accordance with the related mortgage loan documents
are posted to the Servicer's obligor records maintained
no more than two business days after receipt, or such X
other number of days specified in the transaction
agreements, and allocated to principal, interest or
other items (e.g., escrow) in accordance with the
1122(d)(4)(iv) related mortgage loan documents.
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The Servicer's records regarding the mortgage loans agree with the
1122(d)(4)(v) Servicer's records with respect to an obligor's unpaid principal X
balance.
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Changes with respect to the terms or status of an
obligor's mortgage loans (e.g., loan modifications or
re-agings) are made, reviewed and approved by X
authorized personnel in accordance with the transaction
1122(d)(4)(vi) agreements and related pool asset documents.
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Loss mitigation or recovery actions (e.g., forbearance
plans, modifications and deeds in lieu of foreclosure,
foreclosures and repossessions, as applicable) are X
initiated, conducted and concluded in accordance with
the timeframes or other requirements
1122(d)(4)(vii) established by the transaction agreements.
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Records documenting collection efforts are maintained during the period
a mortgage loan is delinquent in accordance with the transaction
agreements. Such records are maintained on at least a monthly basis, X
or such other period specified in the transaction agreements, and
describe the entity's activities in monitoring delinquent mortgage
1122(d)(4)(viii) loans including, for example, phone calls, letters and payment
rescheduling plans in cases where delinquency is deemed
temporary (e.g., illness or unemployment).
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EXH.B-1-3
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Applicable
Servicing
Servicing Criteria Criteria
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Reference Criteria
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Adjustments to interest rates or rates of return for mortgage loans
with variable rates are computed based on the related mortgage loan X
1122( d)( 4 )(ix) documents.
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Regarding any funds held in trust for an obligor (such as escrow
accounts): (A) such funds are analyzed, in accordance with the obligor's
mortgage loan documents, on at least an annual basis, or such other
period specified in the transaction agreements; (B) interest on X
such funds is paid, or credited, to obligors in accordance with applicable
mortgage loan documents and state laws; and (C) such funds are
returned to the obligor within 30 calendar days of full repayment of
1122( d)( 4 )(x) the related mortgage loans, or such other number of days
specified in the transaction agreements.
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Payments made on behalf of an obligor (such as tax or
insurance payments) are made on or before the related
penalty or expiration dates, as indicated on the X
appropriate bills or notices for such payments, provided
that such support has been received by the servicer at
least 30 calendar days prior to these dates, or such
1122( d)( 4 )(xi) other number of days specified in the transaction
agreements.
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Any late payment penalties in connection with any
payment to be made on behalf of an obligor are paid from
the servicer's funds and not charged to the obligor, X
unless the late payment was due to the obligor's
1122(d)(4)(xii) error or omission.
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Disbursements made on behalf of an obligor are posted within two
business days to the obligor's records maintained by the servicer, or X
1122(d)(4)(xiii) such other number of days specified in the transaction agreements.
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Delinquencies, charge-offs and uncollectible accounts are recognized
1122(d)(4)(xiv) and recorded in accordance with the transaction agreements. X
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Any external enhancement or other support, identified in Item
1114(a)(1) through (3) or Item 1115 of Regulation AB, is maintained
1122(d)(4)(xv) as set forth in the transaction agreements.
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EXH.B-1-4
[THE HEMISPHERE NATIONAL BANK] [NAME OF
SUBSERVICER]
Date:
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By:
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Name:
Title:
EXH.B-1-5
