STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., DEPOSITOR WELLS FARGO BANK, N.A., TRUSTEE and EMC MORTGAGE CORPORATION, SELLER AND MASTER SERVICER POOLING AND SERVICING AGREEMENT Dated as of April 1, 2007 Structured Asset Mortgage Investments II Inc....
STRUCTURED
ASSET MORTGAGE INVESTMENTS II INC.,
DEPOSITOR
XXXXX
FARGO BANK, N.A.,
TRUSTEE
and
EMC
MORTGAGE CORPORATION,
SELLER
AND MASTER SERVICER
Dated
as
of April 1, 2007
Structured
Asset Mortgage Investments II Inc.
Bear
Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates
Series
2007-3
TABLE
OF
CONTENTS
ARTICLE
I DEFINITIONS
|
|
ARTICLE
II CONVEYANCE
OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
|
|
Section
2.01
|
Conveyance
of Mortgage Loans to Trustee.
|
Section
2.02
|
Acceptance
of Mortgage Loans by Trustee.
|
Section
2.03
|
Assignment
of Interest in the Mortgage Loan Purchase Agreement.
|
Section
2.04
|
Substitution
of Mortgage Loans.
|
Section
2.05
|
Issuance
of Certificates.
|
Section
2.06
|
Representations
and Warranties Concerning the Depositor.
|
Section
2.07
|
Purposes
and Powers of the Trust.
|
Section
2.08
|
Delivery
of Opinion of Counsel in Connection with Substitutions and
Purchases.
|
ARTICLE
III ADMINISTRATION
AND MASTER SERVICING OF MORTGAGE LOANS; SEC REPORTING
|
|
Section
3.01
|
Master
Servicer.
|
Section
3.02
|
REMIC-Related
Covenants.
|
Section
3.03
|
Monitoring
of Servicer.
|
Section
3.04
|
Fidelity
Bond.
|
Section
3.05
|
Power
to Act; Procedures.
|
Section
3.06
|
Due-on-Sale
Clauses; Assumption Agreements.
|
Section
3.07
|
Release
of Mortgage Files.
|
Section
3.08
|
Documents,
Records and Funds in Possession of Master Servicer To Be Held
for
Trustee.
|
Section
3.09
|
Standard
Hazard Insurance and Flood Insurance Policies.
|
Section
3.10
|
Presentment
of Claims and Collection of Proceeds.
|
Section
3.11
|
Maintenance
of the Primary Mortgage Insurance Policies.
|
Section
3.12
|
Trustee
to Retain Possession of Certain Insurance Policies and
Documents.
|
Section
3.13
|
Realization
Upon Defaulted Mortgage Loans.
|
Section
3.14
|
Compensation
for the Master Servicer.
|
Section
3.15
|
REO
Property.
|
Section
3.16
|
Annual
Statement as to Compliance.
|
Section
3.17
|
Assessments
of Compliance and Attestation Reports.
|
Section
3.18
|
Reports
Filed with Securities and Exchange Commission.
|
Section
3.19
|
UCC.
|
Section
3.20
|
Optional
Purchase of Defaulted Mortgage Loans.
|
Section
3.21
|
Intention
of the Parties and Interpretation.
|
ARTICLE
IV ACCOUNTS
|
|
Section
4.01
|
Protected
Accounts.
|
Section
4.02
|
Master
Servicer Collection Account.
|
Section
4.03
|
Permitted
Withdrawals From the Master Servicer Collection
Account.
|
Section
4.04
|
Distribution
Account.
|
Section
4.05
|
Permitted
Withdrawals and Transfers from the Distribution Account.
|
ARTICLE
V CERTIFICATES
|
|
Section
5.01
|
Certificates.
|
Section
5.02
|
Registration
of Transfer and Exchange of Certificates.
|
Section
5.03
|
Mutilated,
Destroyed, Lost or Stolen Certificates.
|
Section
5.04
|
Persons
Deemed Owners.
|
Section
5.05
|
Transfer
Restrictions on Residual Certificates.
|
Section
5.06
|
Restrictions
on Transferability of Certificates.
|
Section
5.07
|
ERISA
Restrictions.
|
Section
5.08
|
Rule
144A Information.
|
ARTICLE
VI PAYMENTS
TO CERTIFICATEHOLDERS
|
|
Section
6.01
|
Distributions
on the Certificates.
|
Section
6.02
|
Allocation
of Losses.
|
Section
6.03
|
Payments.
|
Section
6.04
|
Statements
to Certificateholders.
|
Section
6.05
|
Monthly
Advances.
|
Section
6.06
|
Compensating
Interest Payments.
|
ARTICLE
VII THE
MASTER SERVICER
|
|
Section
7.01
|
Liabilities
of the Master Servicer.
|
Section
7.02
|
Merger
or Consolidation of the Master Servicer.
|
Section
7.03
|
Indemnification
of the Master Servicer.
|
Section
7.04
|
Limitations
on Liability of the Master Servicer and Others.
|
Section
7.05
|
Master
Servicer Not to Resign.
|
Section
7.06
|
Successor
Master Servicer.
|
Section
7.07
|
Sale
and Assignment of Master Servicing.
|
ARTICLE
VIII DEFAULT
|
|
Section
8.01
|
Events
of Default.
|
Section
8.02
|
Trustee
to Act; Appointment of Successor.
|
Section
8.03
|
Notification
to Certificateholders.
|
Section
8.04
|
Waiver
of Defaults.
|
Section
8.05
|
List
of Certificateholders.
|
ARTICLE
IX CONCERNING
THE TRUSTEE
|
|
Section
9.01
|
Duties
of Trustee.
|
Section
9.02
|
Certain
Matters Affecting the Trustee.
|
Section
9.03
|
Trustee
Not Liable for Certificates or Mortgage Loans.
|
Section
9.04
|
Trustee
May Own Certificates.
|
Section
9.05
|
Trustee’s
Fees and Expenses.
|
Section
9.06
|
Eligibility
Requirements for Trustee.
|
Section
9.07
|
Insurance.
|
Section
9.08
|
Resignation
and Removal of the Trustee.
|
Section
9.09
|
Successor
Trustee.
|
Section
9.10
|
Merger
or Consolidation of Trustee.
|
Section
9.11
|
Appointment
of Co-Trustee or Separate Trustee.
|
Section
9.12
|
Federal
Information Returns and Reports to Certificateholders; REMIC
Administration.
|
ARTICLE
X TERMINATION
|
|
Section
10.01
|
Termination
Upon Repurchase by the Depositor or its Designee or Liquidation
of the
Mortgage Loans.
|
Section
10.02
|
Additional
Termination Requirements.
|
ARTICLE
XI
[RESERVED]
|
|
ARTICLE
XII
MISCELLANEOUS PROVISIONS
|
|
Section
12.01
|
Intent
of Parties.
|
Section
12.02
|
Amendment.
|
Section
12.03
|
Recordation
of Agreement.
|
Section
12.04
|
Limitation
on Rights of Certificateholders.
|
Section
12.05
|
Acts
of Certificateholders.
|
Section
12.06
|
Governing
Law.
|
Section
12.07
|
Notices.
|
Section
12.08
|
Severability
of Provisions.
|
Section
12.09
|
Successors
and Assigns.
|
Section
12.10
|
Article
and Section Headings.
|
Section
12.11
|
Counterparts.
|
Section
12.12
|
Notice
to Rating Agencies.
|
EXHIBITS
Exhibit
A-1
|
-
|
Form
of Class A Certificates and Class X Certificates
|
Exhibit
A-2
|
-
|
Form
of Class B Certificates
|
Exhibit
A-3
|
-
|
Form
of Class R Certificates
|
Exhibit
B
|
-
|
Mortgage
Loan Schedule
|
Exhibit
C
|
-
|
[Reserved]
|
Exhibit
D
|
-
|
Request
for Release of Documents - Treasury
Bank
|
Exhibit
E-1
|
-
|
Form
of Transferee Affidavit and Agreement pursuant to Section
860E(e)(4)
|
Exhibit
E-2
|
-
|
Form
of Transferor Certificate
|
Exhibit
F-1
|
-
|
Form
of Investment Letter
|
Exhibit
F-2
|
-
|
Form
of Rule 144A and Related Matters
Certificate
|
Exhibit
G
|
-
|
Form
of Custodial Agreement
|
Exhibit
H
|
-
|
Countrywide
Servicing Agreement
|
Exhibit
I
|
-
|
Assignment
Agreement
|
Exhibit
J
|
-
|
Mortgage
Loan Purchase Agreement
|
Exhibit
K
|
-
|
[Reserved]
|
Exhibit
L
|
-
|
Form
of Back-Up Certification
|
Exhibit
M
|
-
|
Servicing
Criteria to Be Addressed in Assessment of
Compliance
|
Exhibit
N
|
-
|
Form
10-D, Form 8-K and Form 10-K Reporting
Responsibility
|
Exhibit
O
|
-
|
Additional
Disclosure Notification
|
Pooling
and Servicing Agreement, dated as of April 1, 2007, among Structured Asset
Mortgage Investments II Inc., as depositor, EMC Mortgage Corporation, as
seller
in such capacity, the “Seller”) and master servicer (in such capacity, the
“Master Servicer”) and Xxxxx Fargo Bank, N.A., as trustee (the
“Trustee”).
PRELIMINARY
STATEMENT
On
or
prior to the Closing Date, the Depositor acquired the Mortgage Loans from
the
Seller. On the Closing Date, the Depositor will sell the Mortgage Loans and
certain other property to the Trust Fund and receive in consideration therefor
Certificates evidencing the entire beneficial ownership interest in the Trust
Fund.
The
Trustee shall make an election for the assets constituting REMIC I to be
treated
for federal income tax purposes as a REMIC. On the Startup Day, the REMIC
I
Regular Interests will be designated the “regular interests” in such REMIC, and
the Class R-I Certificates will be designated the sole class of “residual
interests” in such REMIC.
The
Trustee shall make an election for the assets constituting REMIC II to be
treated for federal income tax purposes as a REMIC. On the Startup Day, the
REMIC II Regular Interests will be designated the “regular interests” in such
REMIC, and the Class R-II Certificates will be designated the sole class
of
“residual interests” in such REMIC.
The
Trustee shall make an election for the assets constituting REMIC III to be
treated for federal income tax purposes as a REMIC. On the Startup Day, the
Regular Certificates will be designated the “regular interests” in such REMIC,
and the Class R-III Certificates will be designated the sole class of “residual
interests” in such REMIC.
The
Mortgage Loans will have an Outstanding Principal Balance as of the Cut-off
Date, after deducting all Scheduled Principal due on or before the Cut-off
Date,
of $811,993,920.91. The initial principal amount of the Certificates will
not
exceed such Outstanding Principal Balance. The Group I Mortgage Loans will
have
an Outstanding Principal Balance as of the Cut-off Date, after deducting
all
Scheduled Principal due on or before the Cut-off Date, of $624,067,078.06.
The
Group II Mortgage Loans will have an Outstanding Principal Balance as of
the
Cut-off Date, after deducting all Scheduled Principal due on or before the
Cut-off Date, of $92,790,811.91. The Group III Mortgage Loans will have an
Outstanding Principal Balance as of the Cut-off Date, after deducting all
Scheduled Principal due on or before the Cut-off Date, of
$95,136,030.94.
In
consideration of the mutual agreements herein contained, the Depositor, the
Master Servicer, the Seller and the Trustee agree as follows:
ARTICLE
I
DEFINITIONS
Whenever
used in this Agreement, the following words and phrases, unless otherwise
expressly provided or unless the context otherwise requires, shall have the
meanings specified in this Article.
Accepted
Master Servicing Practices:
With
respect to any Mortgage Loan, those customary mortgage servicing practices
of
prudent mortgage servicing institutions that master service mortgage loans
of
the same type and quality as such Mortgage Loan in the jurisdiction where
the
related Mortgaged Property is located, to the extent applicable to the Trustee
in its capacity as successor master servicer or the Master Servicer (except
in
its capacity as successor to the Servicer).
Account:
The
Distribution Account, the Master Servicer Collection Account, and the Protected
Account as the context may require.
Accrued
Certificate Interest:
For any
Certificate, other than the Class R Certificates, for any Distribution Date,
the
interest accrued during the related Interest Accrual Period at the applicable
Pass-Through Rate on the Current Principal Amount, or in the case of the
Interest Only Certificates, the Notional Amount, of such Certificate immediately
prior to such Distribution Date, on the basis of a 360-day year consisting
of
twelve 30-day months, less (i) in the case of a Senior Certificate, such
Certificate’s share of any Net Interest Shortfall from the related Mortgage
Loans and, after the Cross-Over Date, the interest portion of any Realized
Losses on the related Mortgage Loans allocated thereto in accordance with
Section 6.02(g) and (ii) in the case of a Subordinate Certificate, such
Certificate’s share of any Net Interest Shortfall from the related Mortgage
Loans and the interest portion of any Realized Losses on the related Mortgage
Loans borne by such Certificate in accordance with Section 6.02(g).
Additional
Disclosure:
As
defined in Section 3.18.
Additional
Form 10-D Disclosure:
As
defined in Section 3.18.
Additional
Form 10-K Disclosure:
As
defined in Section 3.18.
Affiliate:
As to
any Person, any other Person controlling, controlled by or under common control
with such Person. “Control” means the power to direct the management and
policies of a Person, directly or indirectly, whether through ownership of
voting securities, by contract or otherwise. “Controlled” and “Controlling” have
meanings correlative to the foregoing. The Trustee may conclusively presume
that
a Person is not an Affiliate of another Person unless a Responsible Officer
of
the Trustee has actual knowledge to the contrary.
Agreement:
This
Pooling and Servicing Agreement and all amendments hereof and supplements
hereto.
Allocable
Share:
With
respect to each Class of Subordinate Certificates:
(a) as
to any
Distribution Date and amounts distributable pursuant to clauses (i) and (iv)
of
the definition of Subordinate Optimal Principal Amount, the fraction, expressed
as a percentage, the numerator of which is the Current Principal Amount of
such
Class and the denominator of which is the aggregate Current Principal Amount
of
all Classes of the Subordinate Certificates; and
(b) as
to any
Distribution Date and amounts distributable pursuant to clauses (ii), (iii)
and
(v) of the definition of Subordinate Optimal Principal Amount, and as to
each
Class of Subordinate Certificates (other than the Class of Subordinate
Certificates having the lowest numerical designation as to which the
Class
Prepayment Distribution Trigger shall
not
be applicable) for which (x) the Class Prepayment Distribution Trigger has
been
satisfied on such Distribution Date, the fraction, expressed as a percentage,
the numerator of which is the Current Principal Amount of such Class and
the
denominator of which is the aggregate Current Principal Amount of all such
Classes of Subordinate Certificates and (y) the Class Prepayment Distribution
Trigger has not been satisfied on such Distribution Date, 0%; provided that
if
on a Distribution Date, the Current Principal Amount of any Class of Subordinate
Certificates for which the Class Prepayment Distribution Trigger was satisfied
on such Distribution Date is reduced to zero, any amounts distributed pursuant
to this clause (b), to the extent of such Class’s remaining Allocable Share,
shall be distributed to the remaining Classes of Subordinate Certificates
which
satisfy the Class Prepayment Distribution Trigger and to the Class of
Subordinate Certificates having the lowest numerical Class designation in
reduction of their respective Current Principal Amounts in the order of their
numerical Class designations.
Annual
Statement of Compliance:
As
defined in Section 3.16.
Applicable
Credit Rating:
For any
long-term deposit or security, a credit rating of AAA in the case of each
of
S&P and Fitch. For any short-term deposit or security, a rating of A-l+ in
the case of S&P or F-1+ in the case of Fitch.
Applicable
State Law:
For
purposes of Section 9.12(d), the Applicable State Law shall be (a) the law
of
the State of New York and (b) such other state law whose applicability shall
have been brought to the attention of the Trustee by either (i) an Opinion
of
Counsel reasonably acceptable to the Trustee delivered to it by the Master
Servicer or the Depositor, or (ii) written notice from the appropriate taxing
authority as to the applicability of such state law.
Appraised
Value:
For any
Mortgaged Property related to a Mortgage Loan, the amount set forth as the
appraised value of such Mortgaged Property in an appraisal made for the mortgage
originator in connection with its origination of the related Mortgage
Loan.
Assignment
Agreement:
The
agreement attached hereto as Exhibit I whereby the Servicing Agreement was
assigned to the Trustee for the benefit of the Certificateholders.
Assessment
of Compliance:
As
defined in Section 3.17.
Assumed
Final Distribution Date:
May 25,
2047, or if such day is not a Business Day, the next succeeding Business
Day.
Attesting
Party:
As
defined in Section 3.17.
Attestation
Report:
As
defined in Section 3.17.
Available
Funds:
With
respect to any Distribution Date, the sum of the Group I, Group II and Group
III
Available Funds for such Distribution Date.
Average
Loss Severity Percentage:
With
respect to any Distribution Date and each Loan Group, the percentage equivalent
of a fraction, the numerator of which is the sum of the Loss Severity
Percentages for each Mortgage Loan in such Loan Group which had a Realized
Loss
and the denominator of which is the number of Mortgage Loans in the related
Loan
Group which had Realized Losses.
Bankruptcy
Code:
The
United States Bankruptcy Code, as amended as codified in 11 U.S.C.
§§101-1330.
Bankruptcy
Loss:
With
respect to any Mortgage Loan, any Deficient Valuation or Debt Service Reduction
related to such Mortgage Loan as reported by the applicable Servicer to the
Master Servicer.
Book-Entry
Certificates:
Initially, all Classes of Certificates other than the Private Certificates
and
the Residual Certificates.
Business
Day:
Any day
other than (i) a Saturday or a Sunday, or (ii) a day on which the New York
Stock
Exchange or Federal Reserve is closed or on which banking institutions in
the
jurisdiction in which the Trustee, the Master Servicer or the Servicer is
located are authorized or obligated by law or executive order to be
closed.
Certificate:
Any
mortgage pass-through certificate evidencing a beneficial ownership interest
in
the Trust Fund signed and countersigned by the Trustee in substantially the
forms annexed hereto as Exhibits X-0, X-0 and A-3 with the blanks therein
appropriately completed.
Certificate
Group:
The
Group I Senior Certificates, Group II Senior Certificates and Group III Senior
Certificates, as applicable.
Certificate
Owner:
Any
Person who is the beneficial owner of a Certificate registered in the name
of
the Depository or its nominee.
Certificate
Register:
The
register maintained pursuant to Section 5.02.
Certificateholder:
A
Holder of a Certificate.
Class:
With
respect to the Certificates, X-X-0, X-X-0, X-X-0, XX-X-0, XX-X-0, XX-X-0,
III-A-1, III-X-1, III-A-2, R-I, R-II, R-III, X-0, X-0, X-0, X-0, X-0, B-6
and
B-7.
Class
Prepayment Distribution Trigger:
For a
Class of Subordinate Certificates for any Distribution Date, the Class
Prepayment Distribution Trigger is satisfied if the fraction (expressed as
a
percentage), the numerator of which is the aggregate Current Principal Amount
of
such Class and each Class of Subordinate Certificates subordinate thereto,
if
any, and the denominator of which is the Scheduled Principal Balances of
all of
the Mortgage Loans as of the related Due Date, equals or exceeds such percentage
calculated as of the Closing Date.
Class
R Certificates:
The
Class R-I, Class R-II and Class R-III Certificates.
Class
R-I Deposit:
The $50
deposit into the Distribution Account by the Depositor on the Closing Date
to
pay the Class R-I Certificates in accordance with Section 6.01(a) on the
Distribution Date occurring in May 2007.
Class
R-II Deposit:
The $50
deposit into the Distribution Account by the Depositor on the Closing Date
to
pay the Class R-II Certificates in accordance with Section 6.01(a) on the
Distribution Date occurring in May 2007.
Class
R-III Deposit:
The $50
deposit into the Distribution Account by the Depositor on the Closing Date
to
pay the Class R-III Certificates in accordance with Section 6.01(a) on the
Distribution Date occurring in May 2007.
Closing
Date:
April
30, 2007
Code:
The
Internal Revenue Code of 1986, as amended.
Compensating
Interest Payment:
As
defined in Section 6.06.
Countrywide:
Countrywide Home Loans Servicing LP, or its successor in interest.
Countrywide
Servicing Agreements:
The
Seller’s Warranties and Servicing Agreement, dated as of November 30, 2006,
September 1, 2002, as amended by Amendment No. 1, dated January 1, 2003,
Amendment No.2, dated September 1, 2004, Amendment No. 3, dated May 1, 2005
and
Amendment Reg AB to the Master Mortgage Loan Purchase and Servicing Agreement,
dated as of January 1, 2006, by and between the EMC and Countrywide
Home Loans, Inc.,
attached hereto as Exhibit H, as amended by the Assignment, Assumption and
Recognition Agreement, dated as of April 30, 2007 among EMC, Countrywide
Home
Loans, Inc. and the Trustee (the “Countrywide Assignment Agreement”), attached
hereto as Exhibit I.
Corresponding
Certificates:
With
respect to each REMIC II Regular Interest, the Class with the same
designation.
Corporate
Trust Office:
The
office of the Trustee at which at any particular time its corporate trust
business is administered, which office, at the date of the execution of this
Agreement, is located at Xxxxx Xxxxx Xxxx, X.X., X.X. Xxx 00, Xxxxxxxx, Xxxxxxxx
00000 (or for overnight deliveries, 0000 Xxx Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx
00000), (Attention: Corporate Trust Services - BSARM 2007-3), facsimile no.:
(000) 000-0000. With respect to the presentment of Certificates for registration
of transfer, exchange or final payment, Xxxxx Fargo Bank, N.A., Xxxxx Xxxxxx
xxx
Xxxxxxxxx Xxxxxx, Xxxxxxxxxxx, Xxxxxxxxx 00000, Attention: Corporate Trust/
BSARM Series 2007-3.
Cross-Over
Date:
The
first Distribution Date on which the aggregate Current Principal Amount of
the
Subordinate Certificates has been reduced to zero (giving effect to all
distributions on such Distribution Date).
Current
Principal Amount:
With
respect to any Certificate as of any Distribution Date, the initial principal
amount of such Certificate plus any Subsequent Recoveries added to the Current
Principal Amount of such Certificate pursuant to Section 6.02(h), and reduced
by
(i) all amounts distributed on previous Distribution Dates on such Certificate
with respect to principal, (ii) the principal portion of all Realized Losses
allocated prior to such Distribution Date to such Certificate, taking account
of
the Loss Allocation Limitation and (iii) in the case of a Subordinate
Certificate, such Certificate’s pro rata share, if any, of the applicable
Subordinate Certificate Writedown Amount for previous Distribution Dates.
With
respect to any Class of Certificates, the Current Principal Amount thereof
will
equal the sum of the Current Principal Amounts of all Certificates in such
Class. Notwithstanding the foregoing, solely for purposes of giving consents,
directions, waivers, approvals, requests and notices, the Class R-I, Class
R-II
and Class R-III Certificates after the Distribution Date on which they each
receive the distribution of the last dollar of their respective original
principal amount shall be deemed to have Current Principal Amounts equal
to
their respective Current Principal Amounts on the day immediately preceding
such
Distribution Date.
Custodial
Agreement:
the
custodial agreement dated as of the Closing Date, among the Depositor, the
Seller, the Master Servicer, the Trustee and Treasury Bank, A Division of
Countrywide Bank, FSB, as Custodian, substantially in the form of Exhibit
G
hereto.
Custodian:
Treasury Bank, a Division of Countrywide Bank, FSB, or any successor custodian
appointed pursuant to the provisions hereof and of the Custodial Agreement,
with
respect to the Mortgage Loans set forth on Schedule I to the Custodial
Agreement.
Cut-off
Date:
April
1, 2007.
Cut-off
Date Balance:
$811,993,920.91.
Debt
Service Reduction:
Any
reduction of the Scheduled Payments which a Mortgagor is obligated to pay
with
respect to a Mortgage Loan as a result of any proceeding under the Bankruptcy
Code or any other similar state law or other proceeding.
Deficient
Valuation:
With
respect to any Mortgage Loan, a valuation of the Mortgaged Property by a
court
of competent jurisdiction in an amount less than the then outstanding
indebtedness under the Mortgage Loan, which valuation results from a proceeding
initiated under the Bankruptcy Code or any other similar state law or other
proceeding.
Delinquent:
A
Mortgage Loan is “delinquent” if any payment due thereon is not made pursuant to
the terms of such Mortgage Loan by the close of business on the day such
payment
is scheduled to be due. A Mortgage Loan is “30 days delinquent” if such payment
has not been received by the close of business on the last day of the month
in
which such payment was due. For example, a Mortgage Loan with a payment due
on
December 1 that remained unpaid as of the close of business on December 31
would
then be considered to be 30 to 59 days delinquent. Similarly for “60 days
delinquent,” “90 days delinquent” and so on.
The
determination as to whether a Mortgage Loan falls into these categories is
made
as of the close of business on the last Business Day of each month. This
method of determining delinquencies is also referred to as the MBA
method.
Depositor:
Structured Asset Mortgage Investments II Inc., a Delaware corporation, or
its
successors in interest.
Depository:
The
Depository Trust Company, the nominee of which is Cede & Co., or any
successor thereto.
Depository
Agreement:
The
meaning specified in Subsection 5.01(a) hereof.
Depository
Participant:
A
broker, dealer, bank or other financial institution or other Person for whom
from time to time the Depository effects book-entry transfers and pledges
of
securities deposited with the Depository.
Designated
Depository Institution:
A
depository institution (commercial bank, federal savings bank, mutual savings
bank or savings and loan association) or trust company (which may include
the
Trustee), the deposits of which are fully insured by the FDIC to the extent
provided by law.
Determination
Date:
With
respect to each Mortgage Loan, the Determination Date as defined in the
Servicing Agreement.
Disqualified
Organization:
Any of
the following: (i) the United States, any State or political subdivision
thereof, any possession of the United States, or any agency or instrumentality
of any of the foregoing (other than an instrumentality which is a corporation
if
all of its activities are subject to tax and, except for the Xxxxxxx Mac
or any
successor thereto, a majority of its board of directors is not selected by
such
governmental unit), (ii) any foreign government, any international organization,
or any agency or instrumentality of any of the foregoing, (iii) any organization
(other than certain farmers’ cooperatives described in Section 521 of the Code)
which is exempt from the tax imposed by Chapter 1 of the Code (including
the tax
imposed by Section 511 of the Code on unrelated business taxable income),
(iv)
rural electric and telephone cooperatives described in Section 1381(a)(2)(C)
of
the Code or (v) any other Person so designated by the Trustee based upon
an
Opinion of Counsel that the holding of an ownership interest in a Residual
Certificate by such Person may cause any REMIC contained in the Trust or
any
Person having an ownership interest in the Residual Certificate (other than
such
Person) to incur a liability for any federal tax imposed under the Code that
would not otherwise be imposed but for the transfer of an ownership interest
in
a Residual Certificate to such Person. The terms “United States,” “State” and
“international organization” shall have the meanings set forth in Section 7701
of the Code or successor provisions.
Distribution
Account:
The
trust account or accounts created and maintained pursuant to Section 4.04,
which
shall be denominated “Xxxxx Fargo, N.A., as Trustee for the benefit of the
registered holders of Structured Asset Mortgage Investments II Inc., Bear
Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3 -
Distribution Account.” The Distribution Account shall be an Eligible
Account.
Distribution
Account Deposit Date:
The
Business Day prior to each Distribution Date.
Distribution
Date:
The
25th day of any month, beginning in the month immediately following the month
of
the Closing Date, or, if such 25th day is not a Business Day, the Business
Day
immediately following.
DTC
Custodian:
Xxxxx
Fargo Bank, N.A., or its successors in interest as custodian for the
Depository.
Due
Date:
With
respect to each Mortgage Loan, the date in each month on which its Scheduled
Payment is due if such due date is the first day of a month and otherwise
is
deemed to be the first day of the following month or such other date specified
in the Servicing Agreement.
Due
Period:
With
respect to any Distribution Date and each Mortgage Loan, the period commencing
on the second day of the month preceding the month in which the Distribution
Date occurs and ending at the close of business on the first day of the month
in
which the Distribution Date occurs.
XXXXX:
As
defined in Section 3.18.
Eligible
Account:
Any of
(i) a segregated account maintained with a federal or state chartered depository
institution (A) the short-term obligations of which are rated A-2 or better
by
S&P and P-1 by Xxxxx’x at the time of any deposit therein or (B) insured by
the FDIC (to the limits established by such Corporation), the uninsured deposits
in which account are otherwise secured such that, as evidenced by an Opinion
of
Counsel (obtained by the Person requesting that the account be held pursuant
to
this clause (i)) delivered to the Trustee prior to the establishment of such
account, the Certificateholders will have a claim with respect to the funds
in
such account and a perfected first priority security interest against any
collateral (which shall be limited to Permitted Investments, each of which
shall
mature not later than the Business Day immediately preceding the Distribution
Date next following the date of investment in such collateral or the
Distribution Date if such Permitted Investment is an obligation of the
institution that maintains the Distribution Account) securing such funds
that is
superior to claims of any other depositors or general creditors of the
depository institution with which such account is maintained, (ii) a segregated
trust account or accounts maintained with a federal or state chartered
depository institution or trust company with trust powers acting in its
fiduciary capacity or (iii) a segregated account or accounts of a depository
institution acceptable to the Rating Agencies (as evidenced in writing by
the
Rating Agencies that use of any such account as the Distribution Account
will
not have an adverse effect on the then-current ratings assigned to the Classes
of Certificates then rated by the Rating Agencies). Eligible Accounts may
bear
interest.
EMC:
EMC
Mortgage Corporation, or its successor in interest.
ERISA:
The
Employee Retirement Income Security Act of 1974, as amended.
Event
of Default:
An
event of default described in Section 8.01.
Excess
Liquidation Proceeds:
To the
extent that such amount is not required by law to be paid to the related
Mortgagor, the amount, if any, by which Liquidation Proceeds with respect
to a
Liquidated Mortgage Loan exceed the sum of (i) the Outstanding Principal
Balance
of such Mortgage Loan and accrued but unpaid interest at the related Mortgage
Interest Rate through the last day of the month in which the related Liquidation
Date occurs, plus (ii) related Liquidation Expenses.
Exchange
Act:
Securities Exchange Act of 1934, as amended.
Xxxxxx
Xxx:
Federal
National Mortgage Association or any successor thereto.
FDIC:
Federal
Deposit Insurance Corporation or any successor thereto.
Final
Certification:
The
certification substantially in the form of Exhibit Three to the Custodial
Agreement.
Fiscal
Quarter:
December 1 to February 29 (or the last day in such month), March 1 to May
31,
June 1 to August 31, or September 1 to November 30, as applicable.
Fitch:
Fitch,
Inc.
Fractional
Undivided Interest:
With
respect to any Class of Certificates, the fractional undivided interest
evidenced by any Certificate of such Class the numerator of which is the
Current
Principal Amount, or notional amount in the case of the Interest Only
Certificates, of such Certificate and the denominator of which is the Current
Principal Amount, or notional amount in the case of the Interest Only
Certificates, of such Class. With respect to the Certificates in the aggregate,
the fractional undivided interest evidenced by (i) each Class of Residual
Certificates will be deemed to equal 0.25% multiplied by the percentage interest
of such Residual Certificate, (ii) each Class of Interest Only Certificates
will
be deemed to equal 1.00% multiplied by a fraction, the numerator of which
is the
notional amount of such Certificate and the denominator of which is the
aggregate notional amount of its respective Class and (iii) a Certificate
of any
other Class will be deemed to equal 99.25% multiplied by a fraction, the
numerator of which is the Current Principal Amount of such Certificate and
the
denominator of which is the aggregate Current Principal Amount of all the
Certificates; provided, however, the percentage in clause (iii) above should
be
increased by 1.00% upon the retirement of each Class of Interest Only
Certificates.
Xxxxxxx
Mac:
Xxxxxxx
Mac, formerly the Federal Home Loan Mortgage Corporation, or any successor
thereto.
Global
Certificate:
Any
Private Certificate registered in the name of the Depository or its nominee,
beneficial interests in which are reflected on the books of the Depository
or on
the books of a Person maintaining an account with such Depository (directly
or
as an indirect participant in accordance with the rules of such
depository).
Gross
Margin:
As to
each Mortgage Loan, the fixed percentage set forth in the related Mortgage
Note
and indicated on the Mortgage Loan Schedule which percentage is added to
the
related Index on each Interest Adjustment Date to determine (subject to
rounding, the minimum and maximum Mortgage Interest Rate and the Periodic
Rate Cap)
the
Mortgage Interest Rate until the next Interest Adjustment Date.
Group
I Available Funds, Group II Available Funds and Group III Available
Funds:
With
respect to any Distribution Date, an amount equal to the aggregate of the
following amounts with respect to the Mortgage Loans in the related Loan
Group:
(a) all previously undistributed payments on account of principal (including
the
principal portion of Scheduled Payments, Principal Prepayments, the principal
portion of Net Liquidation Proceeds) and all previously undistributed payments
on account of interest received after the Cut-off Date and on or prior to
the
related Determination Date and all proceeds from the repurchase of any Mortgage
Loans in the related Loan Group, (b) any Monthly Advances by the Servicer
or the
Master Servicer with respect to such Distribution Date, (c) any Compensating
Interest made by the Servicer with respect to such Distribution Date and
(d) any
reimbursed amount in connection with losses on investments of deposits in
an
account, except:
(i) all
payments that were due on or before the Cut-off Date;
(ii) all
Principal Prepayments and Liquidation Proceeds received after the applicable
Prepayment Period;
(iii) all
payments, other than Principal Prepayments, that represent early receipt
of
Scheduled Payments due on a date or dates subsequent to the related Due
Date;
(iv) amounts
received on particular Mortgage Loans as late payments of principal or interest
and respecting which, and to the extent that, there are any unreimbursed
Monthly
Advances;
(v) amounts
representing Monthly Advances determined to be Nonrecoverable
Advances;
(vi) any
investment earnings on amounts on deposit in the Distribution Account or
Master
Servicer Collection Account and amounts permitted to be withdrawn from the
Distribution Account or Master Servicer Collection pursuant to this
Agreement;
(vii) amounts
needed to pay the Servicing Fees or to reimburse the Servicer or the Master
Servicer for amounts due under the Servicing Agreement and the Agreement
to the
extent such amounts have not been retained by, or paid previously to, the
Servicer or the Master Servicer;
(viii) any
fees
payable under any lender-paid primary mortgage insurance policy;
and
(ix) any
expenses or other amounts reimbursable to the Trustee and the Custodian pursuant
to Section 7.04(c) or Section 9.05.
Group
I Mortgage Loans:
The
Mortgage Loans identified as such on the Mortgage Loan Schedule.
Group
I Senior Certificates:
The
Class I-A-1, Class I-A-2 and Class I-X-1 Certificates.
Group
I Senior Optimal Principal Amount, Group II Senior Optimal Principal Amount,
and
Group III Senior Optimal Principal Amount:
With
respect to each Distribution Date, an amount equal to the sum, without
duplication, of the following (but in no event greater than the aggregate
Current Principal Amount of the Group I, Group II and Group III Senior
Certificates, as applicable, immediately prior to such Distribution
Date):
(i) the
applicable Senior Percentage of the principal portion of all Scheduled Payments
due on each Outstanding Mortgage Loan in the related Loan Group on the related
Due Date as specified in the amortization schedule at the time applicable
thereto (after adjustments for previous Principal Prepayments but before
any
adjustment to such amortization schedule by reason of any bankruptcy or similar
proceeding or any moratorium or similar waiver or grace period);
(ii) the
applicable Senior Prepayment Percentage of the Scheduled Principal Balance
of
each Mortgage Loan in the related Loan Group which was the subject of a
Principal Prepayment in full received by the Servicer during the related
Prepayment Period;
(iii) the
applicable Senior Prepayment Percentage of all Principal Prepayments in part
received by the Servicer during the related Prepayment Period with respect
to
each Mortgage Loan in the related Loan Group;
(iv) the
lesser of (a) the applicable Senior Prepayment Percentage of the sum of (A)
all
Net Liquidation Proceeds allocable to principal received in respect of each
Mortgage Loan in the related Loan Group which became a Liquidated Mortgage
Loan
during the related Prepayment Period (other than Mortgage Loans described
in the
immediately following clause (B)) and all Subsequent Recoveries received
in
respect of each Liquidated Mortgage Loan in the related Loan Group during
the
related Due Period and (B) the Scheduled Principal Balance of each such Mortgage
Loan in the related Loan Group purchased by an insurer from the Trustee during
the related Prepayment Period pursuant to the related Primary Mortgage Insurance
Policy, if any, or otherwise; and (b) the applicable Senior Percentage of
the
sum of (A) the Scheduled Principal Balance of each Mortgage Loan in the related
Loan Group which became a Liquidated Mortgage Loan during the related Prepayment
Period (other than the Mortgage Loans described in the immediately following
clause (B)) and (B) the Scheduled Principal Balance of each such Mortgage
Loan
in the related Loan Group that was purchased by an insurer from the Trust
during
the related Prepayment Period pursuant to the related Primary Mortgage Insurance
Policy, if any or otherwise; and
(v) the
applicable Senior Prepayment Percentage of the sum of (a) the Scheduled
Principal Balance of each Mortgage Loan in the related Loan Group which was
repurchased by the Seller in connection with such Distribution Date and (b)
the
excess, if any, of the Scheduled Principal Balance of each Mortgage Loan
in the
related Loan Group that has been replaced by the Seller with a Substitute
Mortgage Loan pursuant to the Mortgage Loan Purchase Agreement in connection
with such Distribution Date over the Scheduled Principal Balance of each
such
Substitute Mortgage Loan.
Group
I Senior Percentage:
Initially, 95.75%.
On any
Distribution Date, the lesser of (i) 100% and (ii) the percentage (carried
to
six places rounded up) obtained by dividing the aggregate Current Principal
Amount of the Group I Senior Certificates immediately preceding such
Distribution Date by the aggregate Scheduled Principal Balance of the Group
I
Mortgage Loans as of the beginning of the related Due Period.
Group
I Senior Prepayment Percentage:
On any
Distribution Date occurring during the periods set forth below, as
follows:
Period
(dates inclusive)
|
Group
I Senior Prepayment Percentage
|
May
25, 2007- April 25, 2014
|
100%
|
May
25, 2014 - April 25, 2015
|
Group
I Senior Percentage plus 70% of the Group I Subordinate
Percentage
|
May
25, 2015 - April 25, 2016
|
Group
I Senior Percentage plus 60% of the Group I Subordinate
Percentage
|
May
25, 2016 - April 25, 2017
|
Group
I Senior Percentage plus 40% of the Group I Subordinate
Percentage
|
May
25, 2017 - April 25, 2018
|
Group
I Senior Percentage plus 20% of the Group I Subordinate
Percentage
|
May
25, 2018 and thereafter
|
Group
I Senior Percentage
|
In
addition, no reduction of the Group I Senior Prepayment Percentage shall
occur
on any Distribution Date unless, as of the last day of the month preceding
such
Distribution Date, (A) the aggregate Scheduled Principal Balance of the Mortgage
Loans Delinquent 60 days or more (including for this purpose any such Mortgage
Loans in foreclosure and Mortgage Loans with respect to which the related
Mortgaged Property has been acquired by the Trust), averaged over the last
six
months, as a percentage of the sum of the aggregate Current Principal Amount
of
the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized
Losses on the Mortgage Loans do not exceed (a) 30% of
the
Original
Subordinate Principal Balance if such Distribution Date occurs between and
including May 2014 and April 2015, (b) 35% of the Original Subordinate Principal
Balance if such Distribution Date occurs between and including May 2015 and
April 2016, (c) 40% of the Original Subordinate Principal Balance if such
Distribution Date occurs between and including May 2016 and April 2017 (d)
45%
of the Original Subordinate Principal Balance if such Distribution Date occurs
between and including May 2017 and April 2018, and (e) 50% of the Original
Subordinate Principal Balance if such Distribution Date occurs during or
after
May 2018.
In
addition, if on any Distribution Date the current weighted average of the
Subordinate Percentages is equal to or greater than two times the initial
weighted average of the Subordinate Percentages, and (a) the aggregate Scheduled
Principal Balance of the Mortgage Loans Delinquent 60 days or more (including
for this purpose any such Mortgage Loans in foreclosure and bankruptcy and
such
Mortgage Loans with respect to which the related Mortgaged Property has been
acquired by the Trust), averaged over the last six months, as a percentage
of
the aggregate Current Principal Amount of the Subordinate Certificates does
not
exceed 50% and (b)(i) on or prior to the Distribution Date in April 2010
cumulative Realized Losses on the Mortgage Loans as of the end of the related
Prepayment Period do not exceed 20% of the Original Subordinate Principal
Balance and (ii) after the Distribution Date in April 2010 cumulative Realized
Losses on the Mortgage Loans as of the end of the related Prepayment Period
do
not exceed 30% of the Original Subordinate Principal Balance, then, the Group
I
Senior Prepayment Percentage for such Distribution Date will equal the Group
I
Senior Percentage; provided, however, if on such Distribution Date the current
weighted average of the Subordinate Percentages is equal to or greater than
two
times the initial weighted average of the Subordinate Percentages on or prior
to
the Distribution Date occurring in April 2010 and the above delinquency and
loss
tests are met, then the Group I Senior Prepayment Percentage for such
Distribution Date will equal the Group I Senior Percentage plus 50% of the
Group
I Subordinate Percentage.
Notwithstanding
the foregoing, if on any Distribution Date, the percentage, the numerator
of
which is the aggregate Current Principal Amount of the Senior Certificates
immediately preceding such Distribution Date, and the denominator of which
is
the Scheduled Principal Balance of the Mortgage Loans as of the beginning
of the
related Due Period, exceeds such percentage as of the Cut-off Date, then
the
Group I Senior Prepayment Percentage for such Distribution Date will equal
100%.
On the Distribution Date on which the Current Principal Amounts of the Group
I
Senior Certificates are reduced to zero, the Group I Senior Prepayment
Percentage shall be the minimum percentage sufficient to effect such reduction
and thereafter shall be zero.
Group
I Subordinate Percentage:
On any
Distribution Date, 100% minus the Group I Senior Percentage.
Group
I Subordinate Prepayment Percentage:
With
respect to the Group I Mortgage Loans, on any Distribution Date, 100% minus
the
Group I Senior Prepayment Percentage, except that on any Distribution Date
after
the Current Principal Amounts of the Group I Senior Certificates have each
been
reduced to zero, if (a) the weighted average of the Subordinate Percentages
on
such Distribution Date equals or exceeds two times the initial weighted average
of the Subordinate Percentages and (b) the aggregate Scheduled Principal
Balance
of the Mortgage Loans Delinquent 60 days or more (including for this purpose
any
such Mortgage Loans in foreclosure and Mortgage Loans with respect to which
the
related Mortgaged Property has been acquired by the Trust), averaged over
the
last six months, as a percentage of the sum of the aggregate Current Principal
Amount of the Subordinate Certificates does not exceed 100%, the Group I
Subordinate Prepayment Percentage will equal 100%. If the test set forth
in the
preceding sentence is not satisfied on any Distribution Date after the Current
Principal Amount of the Group I Senior Certificates has each been reduced
to
zero, then the Group I Subordinate Prepayment Percentage will equal zero
for
such Distribution Date.
Group
II Mortgage Loans:
The
Mortgage Loans identified as such on the Mortgage Loan Schedule.
Group
II Senior Certificates:
The
Class II-A-1, Class II-A-2 and Class II-X-1 Certificates.
Group
II Senior Percentage:
Initially, 95.75%. On any Distribution Date, the lesser of (i) 100% and (ii)
the
percentage (carried to six places rounded up) obtained by dividing the aggregate
Current Principal Amount of the Group II Senior Certificates immediately
preceding such Distribution Date by the aggregate Scheduled Principal Balance
of
the Group II Mortgage Loans as of the beginning of the related Due
Period.
Group
II Senior Prepayment Percentage:
On any
Distribution Date occurring during the periods set forth below, as
follows:
Period
(dates inclusive)
|
Group
II Senior Prepayment Percentage
|
May
25, 2007- April 25, 2014
|
100%
|
May
25, 2014 - April 25, 2015
|
Group
II Senior Percentage plus 70% of the Group II Subordinate
Percentage
|
May
25, 2015 - April 25, 2016
|
Group
II Senior Percentage plus 60% of the Group II Subordinate
Percentage
|
May
25, 2016 - April 25, 2017
|
Group
II Senior Percentage plus 40% of the Group II Subordinate
Percentage
|
May
25, 2017 - April 25, 2018
|
Group
II Senior Percentage plus 20% of the Group II Subordinate
Percentage
|
May
25, 2018 and thereafter
|
Group
II Senior Percentage
|
In
addition, no reduction of the Group II Senior Prepayment Percentage shall
occur
on any Distribution Date unless, as of the last day of the month preceding
such
Distribution Date, (A) the aggregate Scheduled Principal Balance of the Mortgage
Loans Delinquent 60 days or more (including for this purpose any such Mortgage
Loans in foreclosure and Mortgage Loans with respect to which the related
Mortgaged Property has been acquired by the Trust), averaged over the last
six
months, as a percentage of the sum of the aggregate Current Principal Amount
of
the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized
Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate
Principal Balance if such Distribution Date occurs between and including
May
2014 and April 2015, (b) 35% of the Original Subordinate Principal Balance
if
such Distribution Date occurs between and including May 2015 and April 2016,
(c)
40% of the Original Subordinate Principal Balance if such Distribution Date
occurs between and including May 2016 and April 2017, (d) 45% of the Original
Subordinate Principal Balance if such Distribution Date occurs between and
including May 2017 and April 2018, and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs during or after May
2018.
In
addition, if on any Distribution Date the current weighted average of the
Subordinate Percentages is equal to or greater than two times the initial
weighted average of the Subordinate Percentages, and (a) the aggregate Scheduled
Principal Balance of the Mortgage Loans Delinquent 60 days or more (including
for this purpose any such Mortgage Loans in foreclosure and bankruptcy and
such
Mortgage Loans with respect to which the related Mortgaged Property has been
acquired by the Trust), averaged over the last six months, as a percentage
of
the aggregate Current Principal Amount of the Subordinate Certificates does
not
exceed 50% and (b)(i) on or prior to the Distribution Date in April 2010
cumulative Realized Losses on the Mortgage Loans as of the end of the related
Prepayment Period do not exceed 20% of the Original Subordinate Principal
Balance and (ii) after the Distribution Date in April 2010 cumulative Realized
Losses on the Mortgage Loans as of the end of the related Prepayment Period
do
not exceed 30% of the Original Subordinate Principal Balance, then, the Group
II
Senior Prepayment Percentage for such Distribution Date will equal the Group
II
Senior Percentage; provided, however, if on such Distribution Date the current
weighted average of the Subordinate Percentages is equal to or greater than
two
times the initial weighted average of the Subordinate Percentages on or prior
to
the Distribution Date occurring in April 2010 and the above delinquency and
loss
tests are met, then the Group II Senior Prepayment Percentage for such
Distribution Date will equal the Group II Senior Percentage plus 50% of the
Group II Subordinate Percentage.
Notwithstanding
the foregoing, if on any Distribution Date, the percentage, the numerator
of
which is the aggregate Current Principal Amount of the Senior Certificates
immediately preceding such Distribution Date, and the denominator of which
is
the Scheduled Principal Balance of the Mortgage Loans as of the beginning
of the
related Due Period, exceeds such percentage as of the Cut-off Date, then
the
Group II Senior Prepayment Percentage for such Distribution Date will equal
100%. On the Distribution Date on which the Current Principal Amounts of
the
Group II Senior Certificates are reduced to zero, the Group II Senior Prepayment
Percentage shall be the minimum percentage sufficient to effect such reduction
and thereafter shall be zero.
Group
II Subordinate Percentage:
On any
Distribution Date, 100% minus the Group II Senior Percentage.
Group
II Subordinate Prepayment Percentage:
With
respect to the Group II Mortgage Loans, on any Distribution Date, 100% minus
the
Group II Senior Prepayment Percentage, except that on any Distribution Date
after the Current Principal Amounts of the Group II Senior Certificates have
each been reduced to zero, if (a) the weighted average of the Subordinate
Percentages on such Distribution Date equals or exceeds two times the initial
weighted average of the Subordinate Percentages and (b) the aggregate Scheduled
Principal Balance of the Mortgage Loans Delinquent 60 days or more (including
for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans
with
respect to which the related Mortgaged Property has been acquired by the
Trust),
averaged over the last six months, as a percentage of the sum of the aggregate
Current Principal Amount of the Subordinate Certificates does not exceed
100%,
the Group II Subordinate Prepayment Percentage will equal 100%. If the test
set
forth in the preceding sentence is not satisfied on any Distribution Date
after
the Current Principal Amount of the Group II Senior Certificates has each
been
reduced to zero, then the Group II Subordinate Prepayment Percentage will
equal
zero for such Distribution Date.
Group
III Mortgage Loans:
The
Mortgage Loans identified as such on the Mortgage Loan Schedule.
Group
III Senior Certificates:
The
Class III-A-1, Class III-A-2 and Class III-X-1 Certificates.
Group
III Senior Percentage:
Initially, 95.75%. On any Distribution Date, the lesser of (i) 100% and (ii)
the
percentage (carried to six places rounded up) obtained by dividing the aggregate
Current Principal Amount of the Group III Senior Certificates immediately
preceding such Distribution Date by the aggregate Scheduled Principal Balance
of
the Group III Mortgage Loans as of the beginning of the related Due
Period.
Group
III Senior Prepayment Percentage:
On any
Distribution Date occurring during the periods set forth below, as
follows:
Period
(dates inclusive)
|
Group
III Senior Prepayment Percentage
|
May
25, 2007- April 25, 2014
|
100%
|
May
25, 2014 - April 25, 2015
|
Group
III Senior Percentage plus 70% of the Group I Subordinate
Percentage
|
May
25, 2015 - April 25, 2016
|
Group
III Senior Percentage plus 60% of the Group I Subordinate
Percentage
|
May
25, 2016 - April 25, 2017
|
Group
III Senior Percentage plus 40% of the Group I Subordinate
Percentage
|
May
25, 2017 - April 25, 2018
|
Group
III Senior Percentage plus 20% of the Group III Subordinate
Percentage
|
May
25, 2018 and thereafter
|
Group
III Senior Percentage
|
In
addition, no reduction of the Group III Senior Prepayment Percentage shall
occur
on any Distribution Date unless, as of the last day of the month preceding
such
Distribution Date, (A) the aggregate Scheduled Principal Balance of the Mortgage
Loans Delinquent 60 days or more (including for this purpose any such Mortgage
Loans in foreclosure and Mortgage Loans with respect to which the related
Mortgaged Property has been acquired by the Trust), averaged over the last
six
months, as a percentage of the sum of the aggregate Current Principal Amount
of
the Subordinate Certificates does not exceed 50%; and (B) cumulative Realized
Losses on the Mortgage Loans do not exceed (a) 30% of the Original Subordinate
Principal Balance if such Distribution Date occurs between and including
May
2014 and April 2015, (b) 35% of the Original Subordinate Principal Balance
if
such Distribution Date occurs between and including May 2015 and April 2016,
(c)
40% of the Original Subordinate Principal Balance if such Distribution Date
occurs between and including May 2016 and April 2017, (d) 45% of the Original
Subordinate Principal Balance if such Distribution Date occurs between and
including May 2017 and April 2018, and (e) 50% of the Original Subordinate
Principal Balance if such Distribution Date occurs during or after May
2018.
In
addition, if on any Distribution Date the current weighted average of the
Subordinate Percentages is equal to or greater than two times the initial
weighted average of the Subordinate Percentages, and (a) the aggregate Scheduled
Principal Balance of the Mortgage Loans Delinquent 60 days or more (including
for this purpose any such Mortgage Loans in foreclosure and bankruptcy and
such
Mortgage Loans with respect to which the related Mortgaged Property has been
acquired by the Trust), averaged over the last six months, as a percentage
of
the aggregate Current Principal Amount of the Subordinate Certificates does
not
exceed 50% and (b)(i) on or prior to the Distribution Date in April
2010 cumulative
Realized Losses on the Mortgage Loans as of the end of the related Prepayment
Period do not exceed 20% of the Original Subordinate Principal Balance and
(ii)
after the Distribution Date in April 2010 cumulative Realized Losses on the
Mortgage Loans as of the end of the related Prepayment Period do not exceed
30%
of the Original Subordinate Principal Balance, then, the Group III Senior
Prepayment Percentage for such Distribution Date will equal the Group III
Senior
Percentage; provided, however, if on such Distribution Date the current weighted
average of the Subordinate Percentages is equal to or greater than two times
the
initial weighted average of the Subordinate Percentages on or prior to the
Distribution Date occurring in April 2010 and the above delinquency and loss
tests are met, then the Group III Senior Prepayment Percentage for such
Distribution Date will equal the Group III Senior Percentage plus 50% of
the
Group III Subordinate Percentage.
Notwithstanding
the foregoing, if on any Distribution Date, the percentage, the numerator
of
which is the aggregate Current Principal Amount of the Senior Certificates
immediately preceding such Distribution Date, and the denominator of which
is
the Scheduled Principal Balance of the Mortgage Loans as of the beginning
of the
related Due Period, exceeds such percentage as of the Cut-off Date, then
the
Group III Senior Prepayment Percentage for such Distribution Date will equal
100%. On the Distribution Date on which the Current Principal Amounts of
the
Group III Senior Certificates are reduced to zero, the Group III Senior
Prepayment Percentage shall be the minimum percentage sufficient to effect
such
reduction and thereafter shall be zero.
Group
III Subordinate Percentage:
On any
Distribution Date, 100% minus the Group III Senior Percentage.
Group
III Subordinate Prepayment Percentage:
With
respect to the Group III Mortgage Loans, on any Distribution Date, 100% minus
the Group III Senior Prepayment Percentage, except that on any Distribution
Date
after the Current Principal Amounts of the Group III Senior Certificates
have
each been reduced to zero, if (a) the weighted average of the Subordinate
Percentages on such Distribution Date equals or exceeds two times the initial
weighted average of the Subordinate Percentages and (b) the aggregate Scheduled
Principal Balance of the Mortgage Loans Delinquent 60 days or more (including
for this purpose any such Mortgage Loans in foreclosure and Mortgage Loans
with
respect to which the related Mortgaged Property has been acquired by the
Trust),
averaged over the last six months, as a percentage of the sum of the aggregate
Current Principal Amount of the Subordinate Certificates does not exceed
100%,
the Group III Subordinate Prepayment Percentage will equal 100%. If the test
set
forth in the preceding sentence is not satisfied on any Distribution Date
after
the Current Principal Amount of the Group III Senior Certificates has each
been
reduced to zero, then the Group III Subordinate Prepayment Percentage will
equal
zero for such Distribution Date.
Holder:
The
Person in whose name a Certificate is registered in the Certificate Register,
except that, subject to Subsections 12.02(b) and 12.05(e), solely for the
purpose of giving any consent pursuant to this Agreement, any Certificate
registered in the name of the Depositor, the Master Servicer or the Trustee
or
any Affiliate thereof shall be deemed not to be outstanding and the Fractional
Undivided Interest evidenced thereby shall not be taken into account in
determining whether the requisite percentage of Fractional Undivided Interests
necessary to effect any such consent has been obtained.
Indemnified
Persons:
The
Trustee, the Master Servicer and the Custodian and their officers, directors,
agents and employees and, with respect to the Trustee, any separate co-trustee
and its officers, directors, agents and employees.
Independent:
When
used with respect to any specified Person, this term means that such Person
(a)
is in fact independent of the Depositor or the Master Servicer and of any
Affiliate of the Depositor or the Master Servicer, (b) does not have any
direct
financial interest or any material indirect financial interest in the Depositor
or the Master Servicer or any Affiliate of the Depositor or the Master Servicer
and (c) is not connected with the Depositor or the Master Servicer or any
Affiliate as an officer, employee, promoter, underwriter, trustee, partner,
director or person performing similar functions.
Index:
The
index, if any, specified in a Mortgage Note by reference to which the related
Mortgage Interest Rate will be adjusted from time to time.
Individual
Certificate:
Any
Private Certificate registered in the name of the Holder other than the
Depository or its nominee.
Initial
Certification:
The
certification substantially in the form of Exhibit One to the Custodial
Agreement.
Institutional
Accredited Investor:
Any
Person meeting the requirements of Rule 501(a)(l), (2), (3) or (7) of Regulation
D under the Securities Act or any entity all of the equity holders in which
come
within such paragraphs.
Insurance
Policy:
With
respect to any Mortgage Loan, any standard hazard insurance policy, flood
insurance policy or title insurance policy.
Insurance
Proceeds:
Amounts
paid by the insurer under any Insurance Policy covering any Mortgage Loan
or
Mortgaged Property other than amounts required to be paid over to the Mortgagor
pursuant to law or the related Mortgage Note or Security Instrument and other
than amounts used to repair or restore the Mortgaged Property or to reimburse
insured expenses.
Interest
Accrual Period:
With
respect to each Distribution Date, for each Class of Certificates, the calendar
month preceding the month in which such Distribution Date occurs.
Interest
Adjustment Date:
With
respect to a Mortgage Loan, the date, if any, specified in the related Mortgage
Note on which the Mortgage Interest Rate is subject to adjustment.
Interest
Only Certificates:
The
Class I-X-1, Class II-X-1 and Class III-X-1 Certificates.
Interest
Shortfall:
With
respect to any Distribution Date and each Mortgage Loan that during the related
Prepayment Period was the subject of a Principal Prepayment or constitutes
a
Relief Act Mortgage Loan, an amount determined as follows:
(a) Partial
principal prepayments received during the relevant Prepayment Period: The
difference between (i) one month’s interest at the applicable Net Rate on the
amount of such prepayment and (ii) the amount of interest of such prepayment
(adjusted to the applicable Net Rate) received at the time of such
prepayment;
(b) Principal
prepayments in full received during the relevant Prepayment Period: The
difference between (i) one month’s interest at the applicable Net Rate on the
Scheduled Principal Balance of such Mortgage Loan immediately prior to such
prepayment and (ii) the amount of interest of such prepayment (adjusted to
the
applicable Net Rate) received at the time of such prepayment; and
(c) Relief
Act Mortgage Loans: As to any Relief Act Mortgage Loan, the excess of (i)
30
days’ interest (or, in the case of a principal prepayment in full, interest to
the date of prepayment) on the Scheduled Principal Balance thereof (or, in
the
case of a principal prepayment in part, on the amount so prepaid) at the
related
Net Rate over (ii) 30 days’ interest (or, in the case of a principal prepayment
in full, interest to the date of prepayment) on such Scheduled Principal
Balance
(or, in the case of a Principal Prepayment in part, on the amount so prepaid)
at
the Net Rate required to be paid by the Mortgagor as limited by application
of
the Relief Act.
Interim
Certification:
The
certification substantially in the form of Exhibit Two to the Custodial
Agreement.
Investment
Letter:
The
letter to be furnished by each Institutional Accredited Investor which purchases
any of the Private Certificates in connection with such purchase, substantially
in the form set forth as Exhibit F-1 hereto.
Issuing
Entity:
Bear
Xxxxxxx ARM Trust 2007-3.
Lender-Paid
PMI Rate:
With
respect to each Mortgage Loan covered by a lender-paid primary mortgage
insurance policy, the amount payable to the related insurer, as stated in
the
Mortgage Loan Schedule.
Liquidated
Mortgage Loan:
Any
defaulted Mortgage Loan as to which the Servicer or the Master Servicer has
determined that all amounts it expects to recover from or on account of such
Mortgage Loan have been recovered.
Liquidation
Date:
With
respect to any Liquidated Mortgage Loan, the date on which the Master Servicer
or the Servicer has certified that such Mortgage Loan has become a Liquidated
Mortgage Loan.
Liquidation
Expenses:
With
respect to a Mortgage Loan in liquidation, unreimbursed expenses paid or
incurred by or for the account of the Master Servicer or the Servicer in
connection with the liquidation of such Mortgage Loan and the related Mortgage
Property, such expenses including (a) property protection expenses, (b) property
sales expenses, (c) foreclosure and sale costs, including court costs and
reasonable attorneys’ fees, and (d) similar expenses reasonably paid or incurred
in connection with liquidation.
Liquidation
Proceeds:
Cash
received in connection with the liquidation of a defaulted Mortgage Loan,
whether through trustee’s sale, foreclosure sale, Insurance Proceeds,
condemnation proceeds or otherwise and any Subsequent Recoveries.
Loan
Group:
Loan
Group I, Loan Group II and Loan Group III, as applicable.
Loan
Group I:
The
group of Mortgage Loans designated as belonging to Loan Group I on the Mortgage
Loan Schedule.
Loan
Group II:
The
group of Mortgage Loans designated as belonging to Loan Group II on the Mortgage
Loan Schedule.
Loan
Group III:
The
group of Mortgage Loans designated as belonging to Loan Group III on the
Mortgage Loan Schedule.
Loan-to-Value
Ratio:
With
respect to any Mortgage Loan, the fraction, expressed as a percentage, the
numerator of which is the original principal balance of the related Mortgage
Loan and the denominator of which is the Original Value of the related Mortgaged
Property.
Loss
Allocation Limitation:
The
meaning specified in Section 6.02(c) hereof.
Loss
Severity Percentage:
With
respect to any Distribution Date, the percentage equivalent of a fraction,
the
numerator of which is the amount of Realized Losses incurred on a Mortgage
Loan
and the denominator of which is the Scheduled Principal Balance of such Mortgage
Loan immediately prior to the liquidation of such Mortgage Loan.
Lost
Notes:
The
original Mortgage Notes that have been lost, as indicated on the Mortgage
Loan
Schedule.
Master
Servicer:
As of
the Closing Date, EMC Mortgage Corporation and, thereafter, its respective
successors in interest who meet the qualifications of the Servicing Agreement
and this Agreement.
Master
Servicer Collection Account:
The
trust
account or accounts created and maintained pursuant to Section 4.02, which
shall
be denominated “EMC Mortgage Corporation, as Master Servicer for the benefit of
Xxxxx Fargo, N.A, in trust for registered Holders of Structured
Asset Mortgage Investments II Inc., Bear Xxxxxxx ARM Trust, Mortgage
Pass-Through Certificates, Series 2007-3 -
Master
Servicer Collection Account.” The Master Servicer Collection Account shall be an
Eligible Account.
Master
Servicing Compensation:
For any
Distribution Date, any amounts earned on permitted investments in the Master
Servicer Collection Account.
Material
Defect:
The
meaning specified in Section 2.02(a).
Maximum
Lifetime Mortgage Rate:
The
maximum level to which a Mortgage Interest Rate can adjust in accordance
with
its terms, regardless of changes in the applicable Index.
MERS:
Mortgage Electronic Registration Systems, Inc., a corporation organized and
existing under the laws of the State of Delaware, or any successor
thereto.
MERS®
System:
The
system of recording transfers of Mortgages electronically maintained by
MERS.
MIN:
The
Mortgage Identification Number for Mortgage Loans registered with MERS on
the
MERS® System.
Minimum
Lifetime Mortgage Rate:
The
minimum level to which a Mortgage Interest Rate can adjust in accordance
with
its terms, regardless of changes in the applicable Index.
MOM
Loan:
With
respect to any Mortgage Loan, MERS acting as the mortgagee of such Mortgage
Loan, solely as nominee for the originator of such Mortgage Loan and its
successors and assigns, at the origination thereof, or as nominee for any
subsequent assignee of the originator pursuant to an assignment of mortgage
to
MERS.
Monthly
Advance:
An
advance of principal or interest required to be made by the applicable Servicer
pursuant to the Servicing Agreement or the Master Servicer pursuant to Section
6.05.
Moody’s:
Xxxxx’x
Investors Service, Inc. or its successor in interest.
Mortgage
File:
The
mortgage documents listed in Section 2.01(b) pertaining to a particular Mortgage
Loan and any additional documents required to be added to the Mortgage File
pursuant to this Agreement.
Mortgage
Interest Rate:
The
annual rate at which interest accrues from time to time on any Mortgage Loan
pursuant to the related Mortgage Note, which rate is initially equal to the
“Mortgage Interest Rate” set forth with respect thereto on the Mortgage Loan
Schedule.
Mortgage
Loan:
A
mortgage loan transferred and assigned to the Trustee pursuant to Section
2.01
or Section 2.04 and held as a part of the Trust Fund, as identified in the
Mortgage Loan Schedule (which shall include, without limitation, each related
Mortgage Note, Mortgage and Mortgage File and all rights appertaining thereto),
including a mortgage loan the property securing which has become an REO
Property.
Mortgage
Loan Purchase Agreement:
The
Mortgage Loan Purchase Agreement dated as of April 1, 2007, between EMC Mortgage
Corporation, as seller, and Structured Asset Mortgage Investments II Inc.,
as
purchaser, and all amendments thereof and supplements thereto, attached as
Exhibit J.
Mortgage
Loan Schedule:
The
list of Mortgage Loans (as from time to time amended by the Trustee to reflect
the repurchase or substitute of Mortgage Loans pursuant to the provisions
of
this Agreement) transferred to the Trustee as part of the Trust Fund and
from
time to time subject to this Agreement, the initial Mortgage Loan Schedule
being
attached hereto as Exhibit B setting forth the following information with
respect to each Mortgage Loan:
(a) the
city,
state and zip code of the Mortgaged Property;
(b) the
property type;
(c) the
Mortgage Interest Rate;
(d) the
Servicing Fee Rate;
(e) the
Trustee Fee Rate;
(f) the
LPMI
Fee, if applicable;
(g) [reserved];
(h) the
Net
Rate;
(i) the
maturity date;
(j) the
stated original term to maturity;
(k) the
stated remaining term to maturity;
(l) the
original Principal Balance;
(m) the
first
payment date;
(n) the
principal and interest payment in effect as of the Cut-off Date;
(o) the
unpaid Principal Balance as of the Cut-off Date;
(p) the
Loan-to-Value Ratio at origination;
(q) the
insurer of any Primary Mortgage Insurance Policy;
(r) the
MIN
with respect to each MOM Loan;
(s) the
Gross
Margin, if applicable;
(t) the
next
Adjustment Date, if applicable;
(u) the
Maximum Mortgage Rate, if applicable;
(v) the
Minimum Mortgage Rate, if applicable;
(w) the
Periodic Rate Cap, if applicable;
(x) the
Loan
Group, if applicable;
(y) a
code
indicating whether the Mortgage Loan is negatively amortizing;
(z) which
Mortgage Loans adjust after an initial fixed-rate period of one, two, three,
five, seven or ten years or any other period;
(aa) the
Prepayment Charge, if any;
(bb) lien
position (e.g., first lien or second lien);
(cc) a
code
indicating whether the Mortgage Loan is has a balloon payment;
(dd) a
code
indicating whether the Mortgage Loan is an interest-only loan;
(ee) the
interest-only term, if applicable;
(ff) the
Mortgage Loan Seller; and
(gg) the
original amortization term.
Such
schedule also shall set forth for all of the Mortgage Loans, the total number
of
Mortgage Loans, the total of each of the amounts described under (n) and
(j)
above, the weighted average by principal balance as of the Cut-off Date of
each
of the rates described under (c) through (h) above, and the weighted average
remaining term to maturity by unpaid principal balance as of the Cut-off
Date.
Mortgage
Note:
The
originally executed note or other evidence of the indebtedness of a Mortgagor
under the related Mortgage Loan.
Mortgaged
Property:
Land
and improvements securing the indebtedness of a Mortgagor under the related
Mortgage Loan or, in the case of REO Property, such REO Property.
Mortgagor:
The
obligor on a Mortgage Note.
Net
Interest Shortfall:
With
respect to any Distribution Date, the Interest Shortfall, if any, for such
Distribution Date net of Compensating Interest Payments made with respect
to
such Distribution Date.
Net
Liquidation Proceeds:
As to
any Liquidated Mortgage Loan, Liquidation Proceeds net of (i) Liquidation
Expenses which are payable therefrom to the Servicer or the Master Servicer
in
accordance with the Servicing Agreement or this Agreement and (ii) unreimbursed
advances by the Servicer or the Master Servicer and Monthly
Advances.
Net
Rate:
With
respect to each Mortgage Loan, the Mortgage Interest Rate in effect from
time to
time less the sum of (i) the Servicing Fee Rate, (ii) the Trustee Fee Rate
and
(iii) the rate at which the Lender-Paid PMI Rate is calculated.
Non-Offered
Subordinate Certificates:
The
Class B-5, Class B-6 and Class B-7 Certificates.
Nonrecoverable
Advance:
Any
advance or Monthly Advance (i) which was previously made or is proposed to
be
made by the Master Servicer, the Trustee (as successor Master Servicer) or
the
applicable Servicer and (ii) which, in the good faith judgment of the Master
Servicer, the Trustee in its capacity as successor master servicer or the
applicable Servicer, will not or, in the case of a proposed advance or Monthly
Advance, would not, be ultimately recoverable by the Master Servicer, the
Trustee (as successor Master Servicer) or the applicable Servicer from
Liquidation Proceeds, Insurance Proceeds or future payments on the Mortgage
Loan
for which such advance or Monthly Advance was made or is proposed to be
made.
Notional
Amount:
With
respect to the Class I-X-1 Certificates, the Notional Amount of the Class
I-X-1
Certificates, as of any date of determination, is equal to the aggregate
Current
Principal Amount of the Class I-A-1 Certificates and Class II-A-2 Certificates.
With respect to the Class II-X-1 Certificates, the Notional Amount of the
Class
II-X-1 Certificates, as of any date of determination, is equal to the aggregate
Current Principal Amount of the Class II-A-1 Certificates and Class II-A-2
Certificates. With respect to the Class III-X-1 Certificates, the Notional
Amount of the Class III-X-1 Certificates, as of any date of determination,
is
equal to the aggregate Current Principal Amount of the Class III-A-1
Certificates and Class III-A-2 Certificates. Reference to the Notional Amount
of
the Class I-X-1, Class II-X-1 and Class III-X-1 Certificates is solely for
convenience in calculation and does not represent the right to receive any
distributions allocable to principal. For federal income tax purposes, however,
the Notional Amount of the Class I-X-1 Certificates equals the aggregate
Uncertificated Principal Balance of REMIC II Regular Interest I-A-1 and REMIC
II
Regular Interest I-A-2, the Notional Amount of the Class II-X-1 Certificates
equals the aggregate Uncertificated Principal Balance of REMIC II Regular
Interest II-A-1 and REMIC II Regular Interest II-A-2 and the Notional Amount
of
the Class III-X-1 Certificates equals the aggregate Uncertificated Principal
Balance of REMIC II Regular Interest III-A-1 and REMIC II Regular Interest
III-A-2.
Offered
Certificates:
The
Class I-A-1, Class I-A-2, Class I-X-1, Class II-A-1, Class II-A-2, Class
II-X-1,
Class III-A-1, Class III-A-2, Class III-X-1, Class R-I, Class R-II, Class
R-III,
Class X-x, Class B-2, Class B-3 and Class B-4 Certificates.
Offered
Subordinate Certificates:
The
Class X-x, Class B-2, Class B-3 and Class B-4 Certificates.
Officer’s
Certificate:
A
certificate signed by the Chairman of the Board, the Vice Chairman of the
Board,
the President or a Vice President or Assistant Vice President or other
authorized officer of the Master Servicer, the Servicer, the Depositor or
the
Seller, as applicable, and delivered to the Trustee, as required by this
Agreement.
Opinion
of Counsel:
A
written opinion of counsel who is or are acceptable to the Trustee and who,
unless required to be Independent (an “Opinion of Independent Counsel”), may be
internal counsel for the Master Servicer, the Trustee or the
Depositor.
Original
Subordinate Principal Balance:
The sum
of the aggregate Current Principal Amounts of each Class of Subordinate
Certificates as of the Closing Date.
Original
Value:
The
lesser of (i) the Appraised Value or (ii) the sales price of a Mortgaged
Property at the time of origination of a Mortgage Loan, except in instances
where either clauses (i) or (ii) is unavailable, the other may be used to
determine the Original Value, or if both clauses (i) and (ii) are unavailable,
Original Value may be determined from other sources reasonably acceptable
to the
Depositor.
Outstanding
Mortgage Loan:
With
respect to any Due Date, a Mortgage Loan which, prior to such Due Date, was
not
the subject of a Principal Prepayment in full, did not become a Liquidated
Mortgage Loan and was not purchased or replaced.
Outstanding
Principal Balance:
As of
the time of any determination, the principal balance of a Mortgage Loan
remaining to be paid by the Mortgagor, or, in the case of an REO Property,
the
principal balance of the related Mortgage Loan remaining to be paid by the
Mortgagor at the time such property was acquired by the Trust Fund less any
Net
Liquidation Proceeds with respect thereto to the extent applied to
principal.
Pass-Through
Rate:
As to
each Class of Certificates (other than the Class R Certificates), the REMIC
I
Regular Interests and the REMIC II Regular Interests, the rate of interest
determined as provided with respect thereto in Section 5.01(c). Any monthly
calculation of interest at a stated rate shall be based upon annual interest
at
such rate divided by twelve.
Periodic
Rate Cap:
With
respect to each Mortgage Loan, the maximum adjustment that can be made to
the
Mortgage Interest Rate on each Interest Adjustment Date in accordance with
its
terms, regardless of changes in the applicable Index.
Permitted
Investments:
Any one
or more of the following obligations or securities held in the name of the
Trustee for the benefit of the Certificateholders:
(i) direct
obligations of, and obligations the timely payment of which are fully guaranteed
by the United States of America or any agency or instrumentality of the United
States of America the obligations of which are backed by the full faith and
credit of the United States of America;
(ii) (a)
demand or time deposits, federal funds or bankers’ acceptances issued by any
depository institution or trust company incorporated under the laws of the
United States of America or any state thereof (including the Trustee or its
Affiliates acting in its commercial banking capacity) and subject to supervision
and examination by federal and/or state banking authorities, provided that
the
commercial paper and/or the short-term debt rating and/or the long-term
unsecured debt obligations of such depository institution or trust company
at
the time of such investment or contractual commitment providing for such
investment have the Applicable Credit Rating or better from each Rating Agency
and (b) any other demand or time deposit or certificate of deposit that is
fully
insured by the Federal Deposit Insurance Corporation;
(iii) repurchase
obligations with respect to (a) any security described in clause (i) above
or
(b) any other security issued or guaranteed by an agency or instrumentality
of
the United States of America, the obligations of which are backed by the
full
faith and credit of the United States of America, in either case entered
into
with a depository institution or trust company (acting as principal) described
in clause (ii)(a) above where the Trustee holds the security
therefor;
(iv) securities
bearing interest or sold at a discount issued by any corporation (including
the
Trustee or any affiliate thereof) incorporated under the laws of the United
States of America or any state thereof that have the Applicable Credit Rating
or
better from each Rating Agency at the time of such investment or contractual
commitment providing for such investment; provided, however, that securities
issued by any particular corporation will not be Permitted Investments to
the
extent that investments therein will cause the then outstanding principal
amount
of securities issued by such corporation and held as part of the Trust to
exceed
10% of the aggregate Outstanding Principal Balances of all the Mortgage Loans
and Permitted Investments held as part of the Trust;
(v) commercial
paper (including both non-interest-bearing discount obligations and
interest-bearing obligations payable on demand or on a specified date not
more
than one year after the date of issuance thereof) having the Applicable Credit
Rating or better from each Rating Agency at the time of such
investment;
(vi) a
Reinvestment Agreement issued by any bank, insurance company or other
corporation or entity;
(vii) any
other
demand, money market or time deposit, obligation, security or investment
as may
be acceptable to each Rating Agency as evidenced in writing by each Rating
Agency to the Trustee, the Master Servicer or its affiliates; and
(viii) interests
in any money market fund (including any such fund managed or advised by the
Trustee or any affiliate thereof) which at the date of acquisition of the
interests in such fund and throughout the time such interests are held in
such
fund has the highest applicable long term rating by each Rating Agency rating
such fund, if so rated, or such lower rating as will not result in the
downgrading or withdrawal of the ratings then assigned to the Certificates
by
each Rating Agency rating such fund; provided, however, that no instrument
or
security shall be a Permitted Investment if such instrument or security
evidences a right to receive only interest payments with respect to the
obligations underlying such instrument or if such security provides for payment
of both principal and interest with a yield to maturity in excess of 120%
of the
yield to maturity at par or if such instrument or security is purchased at
a
price greater than par.
Permitted
Transferee:
Any
Person other than a Disqualified Organization or an “electing large partnership”
(as defined by Section 775 of the Code).
Person:
Any
individual, corporation, partnership, joint venture, association, limited
liability company, joint-stock company, trust, unincorporated organization
or
government or any agency or political subdivision thereof.
Physical
Certificates:
The
Residual Certificates and the Private Certificates.
Prepayment
Charge:
With
respect to any Mortgage Loan, the charges or premiums, if any, due in connection
with a full or partial prepayment of such Mortgage Loan in accordance with
the
terms thereof.
Prepayment
Period:
As to
any Distribution Date, the period set forth in the Servicing
Agreement.
Primary
Mortgage Insurance Policy:
Any
primary mortgage guaranty insurance policy issued in connection with a Mortgage
Loan which provides compensation to a Mortgage Note holder in the event of
default by the obligor under such Mortgage Note or the related Security
Instrument, if any or any replacement policy therefor through the related
Interest Accrual Period for such Class relating to a Distribution
Date.
Principal
Prepayment:
Any
payment (whether partial or full) or other recovery of principal on a Mortgage
Loan which is received in advance of its scheduled Due Date to the extent
that
it is not accompanied by an amount as to interest representing scheduled
interest due on any date or dates in any month or months subsequent to the
month
of prepayment, including Insurance Proceeds and Repurchase Proceeds, but
excluding the principal portion of Net Liquidation Proceeds.
Private
Certificates:
The
Class B-5, Class B-6 and Class B-7 Certificates.
Protected
Account:
An
account established and maintained for the benefit of Certificateholders
by the
Servicer with respect to the related Mortgage Loans and with respect to REO
Property pursuant to the Servicing Agreement.
Purchase
Price:
With
respect to any Mortgage Loan (or any property acquired with respect thereto)
(x)
required to be repurchased by the Seller pursuant to the Mortgage Loan Purchase
Agreement or Article II of this Agreement or (y) that the Seller has a right
to
purchase pursuant to Section 3.20, an amount equal to the sum of (i) 100%
of the
Outstanding Principal Balance of such Mortgage Loan as of the date of repurchase
(including if a foreclosure has already occurred, the principal balance of
the
related Mortgage Loan at the time the Mortgaged Property was acquired), net
of any Servicing Advances and Advances attributable to
principal and payable to the purchaser of the Mortgage Loan
if such purchaser is also the Servicer or the Master Servicer of such
Mortgage Loan, (ii) accrued and unpaid interest on the Outstanding Principal
Balance at the related Mortgage Interest Rate through and including the last
day
of the month of purchase, net of any portion of the Servicing Fee and
any Servicing Advances and Advances attributable to interest that is
payable to the purchaser of the Mortgage Loan if such purchaser is
also the Servicer or the Master Servicer of such Mortgage Loan,
plus and (iii) any costs and damages (if any) incurred by the Trust in
connection with any violation of such Mortgage Loan of any anti-predatory
lending laws.
QIB:
A
Qualified Institutional Buyer as defined in Rule 144A promulgated under the
Securities Act.
Qualified
Insurer:
Any
insurance company duly qualified as such under the laws of the state or states
in which the related Mortgaged Property or Mortgaged Properties is or are
located, duly authorized and licensed in such state or states to transact
the
type of insurance business in which it is engaged and approved as an insurer
by
the Master Servicer, so long as the claims paying ability of which is acceptable
to the Rating Agencies for pass-through certificates having the same rating
as
the Certificates rated by the Rating Agencies as of the Closing
Date.
Rating
Agencies:
Fitch,
S&P and Moody’s.
Realized
Loss:
Any (i)
Bankruptcy Loss or (ii) as to any Liquidated Mortgage Loan, (x) the Outstanding
Principal Balance of such Liquidated Mortgage Loan plus accrued and unpaid
interest thereon at the Mortgage Interest Rate through the last day of
the month
of such liquidation, less (y) the related Net Liquidation Proceeds with
respect
to such Mortgage Loan and the related Mortgaged Property. In addition,
to the
extent the Trustee receives Subsequent Recoveries with respect to any Mortgage
Loan, the amount of the Realized Loss with respect to that Mortgage Loan
will be
reduced to the extent such recoveries are applied to reduce the Current
Principal Amount of any Class of Certificates on any Distribution Date.
With
respect to each Mortgage Loan which is the subject of a Servicing Modification
during the calendar month immediately preceding the related Distribution
Date,
without duplication, the sum of (a) the total amount of interest and principal
which is forgiven with respect to the related Mortgage Loan and (b) the
amount
of any Servicing Advances, to the extent forgiven, made by the Servicer
with
respect to such Mortgage Loan which are reimbursable from the Trust to
the
Servicer with respect to that Servicing Modification;
provided that, the amounts expressed in clause (a) above shall not include
the
amounts expressed in clause (b) above.
Record
Date:
With
respect to any Distribution Date, the close of business on the last Business
Day
of the month immediately preceding the month of such Distribution
Date.
Regular
Certificates:
Any of
the Certificates other than the Residual Certificates.
Regulation
AB:
Subpart
229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
to
such clarification and interpretation as have been provided by the Commission
in
the adopting release (Asset-Backed Securities, Securities Act Release No.
33-8518, 70 Fed. Reg. 1,506, 1,531 (Jan. 7, 2005)) or by the staff of the
Commission, or as may be provided by the Commission or its staff from time
to
time.
Reinvestment
Agreements:
One or
more reinvestment agreements, acceptable to the Rating Agencies, from a bank,
insurance company or other corporation or entity (including the
Trustee).
Relief
Act:
The
Servicemembers Civil Relief Act, or similar state or local law.
Relief
Act Mortgage Loan:
Any
Mortgage Loan as to which the Scheduled Payment thereof has been reduced
due to
the application of the Relief Act.
REMIC:
A real
estate mortgage investment conduit, as defined in the Code.
REMIC
I:
That
group of assets contained in the Trust Fund designated as a REMIC consisting
of
(i) the Mortgage Loans, (ii) the Distribution Account, (iii) any REO Property
relating to the Mortgage Loans, (iv) the rights with respect to any related
Servicing Agreement, (v) the rights with respect to any related Assignment
Agreement and (vii) any proceeds of the foregoing.
REMIC
I Interests:
The
REMIC I Regular Interests and the Class R-I Certificates.
REMIC
I Regular Interests:
REMIC I
Regular Interests I-Sub, I-Grp, II-Sub, II-Grp, III-Sub, III-Grp, R-II/R-III
and
ZZZ.
REMIC
I Subordinated Balance Ratio:
The
ratio among the Uncertificated Principal Balances of each of the REMIC I
Regular
Interests ending with the designation “Sub,” equal to the ratio among, with
respect to each such REMIC I Regular Interest, the excess of (x) the aggregate
Scheduled Principal Balance of the Mortgage Loans in the related Loan Group
over
(y) the aggregate Current Principal Amount of the Senior Certificates in
the
related Certificate Group.
REMIC
II:
That
group of assets contained in the Trust Fund designated as a REMIC consisting
of
the REMIC I Regular Interests.
REMIC
II Interests:
The
REMIC II Regular Interests and the Class R-II Certificates.
REMIC
II Regular Interests:
REMIC
II Regular Interests X-X-0, X-X-0, XX-X-0, XX-X-0, XXX-X-0, III-A-2, R-III,
X-x,
X-0, X-0, X-0, X-0, B-6 and B-7.
REMIC
III:
That
group of assets contained in the Trust Fund designated as a REMIC consisting
of
the REMIC II Regular Interests.
REMIC
Opinion:
An
Opinion of Independent Counsel, to the effect that the proposed action described
therein would not, under the REMIC Provisions, (i) cause any REMIC to fail
to
qualify as a REMIC while any regular interest in such REMIC is outstanding,
(ii)
result in a tax on prohibited transactions with respect to any REMIC or (iii)
constitute a taxable contribution to any REMIC after the Startup
Day.
REMIC
Provisions:
The
provisions of the federal income tax law relating to the REMIC, which appear
at
Sections 860A through 860G of the Code, and related provisions and regulations
promulgated thereunder, as the foregoing may be in effect from time to
time.
REO
Property:
A
Mortgaged Property acquired in the name of the Trustee, for the benefit of
Certificateholders, by foreclosure or deed-in-lieu of foreclosure in connection
with a defaulted Mortgage Loan.
Reportable
Event:
As
defined in Section 3.18.
Repurchase
Proceeds:
the
Purchase Price in connection with any repurchase of a Mortgage Loan by the
Seller and any cash deposit in connection with the substitution of a Mortgage
Loan.
Request
for Release:
A
request for release in the form attached hereto as Exhibit D.
Required
Insurance Policy:
With
respect to any Mortgage Loan, any insurance policy which is required to be
maintained from time to time under this Agreement with respect to such Mortgage
Loan.
Residual
Certificates:
Any of
the Class R Certificates.
Responsible
Officer:
Any
officer assigned to the Corporate Trust Office (or any successor thereto),
including any Vice President, Assistant Vice President, Trust Officer, any
Assistant Secretary, any trust officer or any other officer of the Trustee
customarily performing functions similar to those performed by any of the
above
designated officers and having direct responsibility for the administration
of
this Agreement, and any other officer of the Trustee to whom a matter arising
hereunder may be referred because of such officer’s knowledge or the familiarity
with the particular subject.
Rule
144A Certificate:
The
certificate to be furnished by each purchaser of a Private Certificate (which
is
also a Physical Certificate) which is a Qualified Institutional Buyer as
defined
under Rule 144A promulgated under the Securities Act, substantially in the
form
set forth as Exhibit F-2 hereto.
S&P:
Standard & Poor’s, a division of The XxXxxx-Xxxx Companies, Inc., and its
successors in interest.
Scheduled
Payment:
With
respect to any Mortgage Loan and any month, the scheduled payment or payments
of
principal and interest due during such month on such Mortgage Loan which
either
is payable by a Mortgagor in such month under the related Mortgage Note or,
in
the case of REO Property, would otherwise have been payable under the related
Mortgage Note.
Scheduled
Principal:
The
principal portion of any Scheduled Payment.
Scheduled
Principal Balance:
With
respect to any Mortgage Loan on any Distribution Date, (i) the unpaid principal
balance of such Mortgage Loan as of the close of business on the related
Due
Date (i.e., taking account of the principal payment to be made on such Due
Date
and irrespective of any delinquency in its payment), as specified in the
amortization schedule at the time relating thereto (before any adjustment
to
such amortization schedule by reason of any bankruptcy or similar proceeding
occurring after the Cut-off Date (other than a Deficient Valuation) or any
moratorium or similar waiver or grace period) and less (ii) any Principal
Prepayments (including the principal portion of Net Liquidation Proceeds)
received during or prior to the related Prepayment Period; provided that
the
Scheduled Principal Balance of a Liquidated Mortgage Loan is zero.
Securities
Act:
The
Securities Act of 1933, as amended.
Securities
Legend:
“THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF
1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE
HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE, AGREES THAT THIS CERTIFICATE
MAY
BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE TRANSFERRED ONLY IN COMPLIANCE
WITH
THE SECURITIES ACT AND OTHER APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE
144A
UNDER THE SECURITIES ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY
BELIEVES IS A QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A
(A
“QIB”), PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF
A
QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE,
PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A, (2) PURSUANT
TO
AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES
ACT (IF
AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN “INSTITUTIONAL ACCREDITED INVESTOR”
WITHIN THE MEANING THEREOF IN RULE 501(a)(1), (2), (3) or (7) OF REGULATION
D
UNDER THE ACT OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN
SUCH
PARAGRAPHS PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES
ACT,
SUBJECT TO (A) THE RECEIPT BY THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE
FORM
PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER
EVIDENCE ACCEPTABLE TO THE TRUSTEE THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER
IS IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR IN
EACH
CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED STATES
AND
ANY OTHER APPLICABLE JURISDICTION. THIS CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY
OR INDIRECTLY BY, OR ON BEHALF OF, AN EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT
ARRANGEMENT WHICH IS SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT INCOME
SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE
CODE
OF 1986, AS AMENDED [in the case of a Residual Certificate:] UNLESS THE PROPOSED
TRANSFEREE PROVIDES THE TRUSTEE WITH AN OPINION OF COUNSEL ADDRESSED TO THE
DEPOSITOR, TRUSTEE AND MASTER SERVICER AND ON WHICH THEY MAY RELY THAT IS
SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE OF CERTIFICATES ON BEHALF OF
SUCH
PERSON WILL NOT RESULT IN OR CONSTITUTE A NONEXEMPT PROHIBITED TRANSACTION,
IS
PERMISSIBLE UNDER APPLICABLE LAW AND WILL NOT GIVE RISE TO ANY ADDITIONAL
OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER OR THE TRUSTEE
[in
the case of the Class B-5, Class B-6 and Class B-7 Certificates:], UNLESS
THE
TRANSFEREE CERTIFIES OR REPRESENTS THAT THE PROPOSED TRANSFER AND HOLDING
OF A
CERTIFICATE AND THE SERVICING, MANAGEMENT AND OPERATION OF THE TRUST AND
ITS
ASSETS: (I) WILL NOT RESULT IN ANY PROHIBITED TRANSACTION WHICH IS NOT COVERED
UNDER AN INDIVIDUAL OR CLASS PROHIBITED TRANSACTION EXEMPTION, INCLUDING,
BUT
NOT LIMITED TO, PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, XXXX
00-00, XXXX 00-0, XXXX 95-60 OR PTCE 96-23 AND (II) WILL NOT GIVE RISE TO
ANY
ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER,
THE
SERVICER OR THE TRUSTEE, WHICH WILL BE DEEMED REPRESENTED BY AN OWNER OF
A
BOOK-ENTRY CERTIFICATE OR A GLOBAL CERTIFICATE OR UNLESS AN OPINION OF COUNSEL
SPECIFIED IN SECTION 5.07 OF THE AGREEMENT IS PROVIDED.”
Security
Agreement:
With
respect to a Cooperative Loan, the agreement creating a security interest
in
favor of the originator in the related Cooperative Stock.
Security
Instrument:
A
written instrument creating a valid first lien on a Mortgaged Property securing
a Mortgage Note, which may be any applicable form of mortgage, deed of trust,
deed to secure debt or security deed, including any riders or addenda
thereto.
Seller:
EMC in
its capacity as seller of the Mortgage Loan to the Depositor.
Senior
Certificates:
The
Class I-A-1, Class I-A-2, Class I-X-1, Class II-A-1, Class II-A-2, Class
II-X-1,
Class III-A-1, Class III-A-2 and Class III-X-1 Certificates.
Senior
Optimal Principal Amount:
The
Group I Senior Optimal Principal Amount, Group II Senior Optimal Principal
Amount or Group III Senior Optimal Principal Amount, as applicable.
Senior
Percentage:
The
Group I Senior Percentage, Group II Senior Percentage or Group III Senior
Percentage, as applicable.
Senior
Prepayment Percentage:
The
Group I Senior Prepayment Percentage, Group II Senior Prepayment Percentage
or
Group III Senior Prepayment Percentage, as applicable.
Servicer:
Countrywide and its successors and assigns.
Servicer
Remittance Date:
With
respect to each Mortgage Loan, the date set forth in the Servicing
Agreement.
Servicing
Agreement:
The
Countrywide Servicing Agreement.
Servicing
Criteria:
The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be
amended from time to time, or those Servicing Criteria otherwise mutually
agreed
to by EMC, the Master Servicer, the Trustee and the applicable Servicer in
response to evolving interpretations of Regulation AB and incorporated into
a
revised Exhibit M.
Servicing
Fee:
As to
any Mortgage Loan and Distribution Date, an amount equal to the product of
(i)
the Scheduled Principal Balance of such Mortgage Loan as of the Due Date
in the
preceding calendar month and (ii) the Servicing Fee Rate.
Servicing
Fee Rate:
The
servicing fee rate will initially be 0.175%
per
annum and will increase by 0.025% per annum after an initial fixed-rate period
of five, seven or ten years, as applicable.
Servicing
Modification:
Any modification of a Mortgage Loan which is effected by the Servicer in
accordance with the terms of this Agreement or the Servicing
Agreement.
Servicing
Officer:
Any
officer of the Servicer or Master Servicer involved in or responsible for
the
administration and servicing or master servicing, as applicable, of the Mortgage
Loans.
Startup
Day:
April
30, 2007.
Subordinate
Certificates:
The
Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
B-7
Certificates.
Subordinate
Certificate Writedown Amount:
As to
any Distribution Date, the amount by which (a) the sum of the Current Principal
Amounts of all the Certificates (after giving effect to the distribution
of
principal and the allocation of applicable Realized Losses in reduction of
the
Current Principal Amounts of the Certificates on such Distribution Date)
exceeds
(b) the aggregate Scheduled Principal Balances of the Mortgage Loans on the
Due
Date related to such Distribution Date.
Subordinate
Optimal Principal Amount:
As to
any Distribution Date, an amount equal to the sum, without duplication, of
the
following for the Group I, Group II and Group III Mortgage Loans (but in
no
event greater than the aggregate Current Principal Amount of the Subordinate
Certificates immediately prior to such Distribution Date):
(i) the
applicable Subordinate Percentage of the principal portion of all Scheduled
Payments due on each Outstanding Mortgage Loan in the related Loan Group
on the
related Due Date as specified in the amortization schedule at the time
applicable thereto (after adjustment for previous Principal Prepayments but
before any adjustment to such amortization schedule by reason of any bankruptcy
or similar proceeding or any moratorium or similar waiver or grace
period);
(ii) the
applicable Subordinate Prepayment Percentage of the Scheduled Principal Balance
of each Mortgage Loan in the related Loan Group that was the subject of a
Principal Prepayment in full received by the Servicer during the related
Prepayment Period;
(iii) the
applicable Subordinate Prepayment Percentage of each Principal Prepayment
in
part received during the related Prepayment Period with respect to each Mortgage
Loan in the related Loan Group;
(iv) the
excess, if any, of (a) all Net Liquidation Proceeds allocable to principal
received during the related Prepayment Period in respect of each Liquidated
Mortgage Loan in the related Loan Group and all Subsequent Recoveries received
in respect of each Liquidated Mortgage Loan in the related Loan Group during
the
related Due Period over (b) the sum of the amounts distributable to the related
Senior Certificateholders pursuant to clause (iv) of the related definition
of
Senior Optimal Principal Amount on such Distribution Date;
(v) the
applicable Subordinate Prepayment Percentage of the sum of (a) the Scheduled
Principal Balance of each Mortgage Loan in the related Loan Group which was
purchased with respect to such Distribution Date and (b) the difference,
if any,
between the Scheduled Principal Balance of each Mortgage Loan in the related
Loan Group that has been replaced by the Seller with a Substitute Mortgage
Loan
pursuant to the Mortgage Loan Purchase Agreement in connection with such
Distribution Date over the Scheduled Principal Balance of each such Substitute
Mortgage Loan; and
(vi) on
the
Distribution Date on which the Current Principal Amounts of the Group I Senior
Certificates, Group II Senior Certificates or Group III Senior Certificates
have
all been reduced to zero, 100% of the related Senior Optimal Principal Amount.
After the aggregate Current Principal Amount of the Subordinate Certificates
has
been reduced to zero, the Subordinate Optimal Principal Amount shall be
zero.
Subordinate
Percentage:
The
Group I Subordinate Percentage, Group II Subordinate Percentage or Group
III
Subordinate Percentage with respect to the Group I Mortgage Loans, Group
II
Mortgage Loans and Group III Mortgage Loans, respectively.
Subordinate
Prepayment Percentage:
The
Group I Subordinate Prepayment Percentage, Group II Subordinate Prepayment
Percentage and Group III Subordinate Prepayment Percentage, with respect
to the
Group I Mortgage Loans, Group II Mortgage Loans and Group III Mortgage Loans,
respectively.
Subsequent
Recoveries:
As of
any Distribution Date, amounts received by the Master Servicer during the
related Due Period or surplus amounts held by the Master Servicer to cover
estimated expenses (including, but not limited to, recoveries in respect
of the
representations and warranties made by the Seller pursuant to the Mortgage
Loan
Purchase Agreement) specifically related to a Liquidated Mortgage Loan or
disposition of an REO Property prior to the related Prepayment Period that
resulted in a Realized Loss, after the liquidation or disposition of such
Mortgage Loan.
Substitute
Mortgage Loan:
A
mortgage loan tendered to the Trustee pursuant to the Servicing Agreement,
the
Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as
applicable, in each case, (i) which has an Outstanding Principal Balance
not
greater nor materially less than the Mortgage Loan for which it is to be
substituted; (ii) which has a Mortgage Interest Rate and Net Rate not less
than,
and not materially greater than, such Mortgage Loan; (iii) which has a maturity
date not materially earlier or later than such Mortgage Loan and not later
than
the latest maturity date of any Mortgage Loan; (iv) which is of the same
property type and occupancy type as such Mortgage Loan; (v) which has a
Loan-to-Value Ratio not greater than the Loan-to-Value Ratio of such Mortgage
Loan; (vi) which is current in payment of principal and interest as of the
date
of substitution; (vii) as to which the payment terms do not vary in any material
respect from the payment terms of the Mortgage Loan for which it is to be
substituted and (viii) which has a Gross Margin, Periodic Rate Cap and Maximum
Lifetime Mortgage Rate no less than those of such Mortgage Loan, has the
same
Index and interval between Interest Adjustment Dates as such Mortgage Loan,
and
a Minimum Lifetime Mortgage Rate no lower than that of such Mortgage
Loan.
Tax
Administration and Tax Matters Person:
The
Trustee or any successor thereto or assignee thereof shall serve as tax
administrator hereunder and as agent for the Tax Matters Person. The Holder
of
each Class of Residual Certificates shall be the Tax Matters Person for the
related REMIC, as more particularly set forth in Section 9.12
hereof.
Trustee
Fee:
As to
each Mortgage Loan and any Distribution Date an amount equal to 1/12th
of the
Trustee Fee Rate multiplied by the Stated Principal Balance of such Mortgage
Loan as of the Due Date in the month preceding the month in which such
Distribution Date occurs.
Trustee
Fee Rate:
0.0085%
Trustee:
Xxxxx
Fargo Bank, N.A., or its successor in interest, or any successor trustee
appointed as herein provided.
Trust
Fund or Trust:
The
corpus of the trust created by this Agreement, consisting of the Mortgage
Loans
and the other assets described in Section 2.01(a).
Trustee
Information:
As
defined in Section 3.18(b).
Uncertificated
Principal Balance:
With
respect to any REMIC I Regular Interest or REMIC II Regular Interest as of
any
Distribution Date, the initial principal amount of such regular interest
as set
forth in Sections 5.01(c)(i) and (c)(ii), reduced by (i) all amounts distributed
on previous Distribution Dates on such regular interest with respect to
principal, and (ii) the principal portion of all Realized Losses allocated
prior
to such Distribution Date to such regular interest, taking account of the
Loss
Allocation Limitation.
Underlying
Seller:
Countrywide.
Uninsured
Cause:
Any
cause of damage to a Mortgaged Property or related REO Property such that
the
complete restoration of such Mortgaged Property or related REO Property is
not
fully reimbursable by the hazard insurance policies required to be maintained
pursuant the Servicing Agreement, without regard to whether or not such policy
is maintained.
United
States Person:
A
citizen
or resident of the United States, a corporation or partnership (including
an
entity treated as a corporation or partnership for federal income tax purposes)
created or organized in, or under the laws of, the United States or any state
thereof or the District of Columbia (except, in the case of a partnership,
to
the extent provided in regulations), provided that, for purposes solely of
the
Class R Certificates, no partnership or other entity treated as a partnership
for United States federal income tax purposes shall be treated as a United
States Person unless all persons that own an interest in such partnership
either
directly or through any entity that is not a corporation for United States
federal income tax purposes are United States Persons, or an estate whose
income
is subject to United States federal income tax regardless of its source,
or a
trust if a court within the United States is able to exercise primary
supervision over the administration of the trust and one or more such United
States Persons have the authority to control all substantial decisions of
the
trust. To the extent prescribed in regulations by the Secretary of the Treasury,
which have not yet been issued, a trust which was in existence on August
20,
1996 (other than a trust treated as owned by the grantor under subpart E
of part
I of subchapter J of chapter 1 of the Code), and which was treated as a United
States Person on August 20, 1996, may elect to continue to be treated as
a
United States Person notwithstanding the previous sentence.
Xxxxx
Fargo:
Xxxxx
Fargo Bank, N.A.
ARTICLE
II
CONVEYANCE
OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
Section
2.01 Conveyance
of Mortgage Loans to Trustee.
(a) The
Depositor concurrently with the execution and delivery of this Agreement,
sells,
transfers and assigns to the Trust without recourse all its right, title
and
interest in and to (i) the Mortgage Loans identified in the Mortgage Loan
Schedule, including all interest and principal due with respect to the Mortgage
Loans after the Cut-off Date but excluding any payments of principal and
interest due on or prior to the Cut-off Date; (ii) such assets as shall from
time to time be credited or are required by the terms of this Agreement to
be
credited to the Distribution Account maintained by the Trustee, (iii) such
assets as shall from time to time be credited or are required by the terms
of
this Agreement to be credited to the Master Servicer Collection Account
maintained by the Master Servicer, (iv) such assets relating to the Mortgage
Loans as from time to time may be held by the Servicer in Protected Accounts
and
the Trustee in the Distribution Account, (v) any REO Property, (vi) the Required
Insurance Policies and any amounts paid or payable by the insurer under any
Insurance Policy (to the extent the mortgagee has a claim thereto), (vii)
the
Mortgage Loan Purchase Agreement to the extent provided in Subsection 2.03(a),
(viii) the rights with respect to the Servicing Agreement as assigned to
the
Trustee on behalf of the Certificateholders by the Assignment Agreements
and
(ix) any proceeds of the foregoing. Although it is the intent of the parties
to
this Agreement that the conveyance of the Depositor’s right, title and interest
in and to the Mortgage Loans and other assets in the Trust Fund pursuant
to this
Agreement shall constitute a purchase and sale and not a loan, in the event
that
such conveyance is deemed to be a loan, it is the intent of the parties to
this
Agreement that the Depositor shall be deemed to have granted to the Trustee
a
first priority perfected security interest in all of the Depositor’s right,
title and interest in, to and under the Mortgage Loans and other assets in
the
Trust Fund, and that this Agreement shall constitute a security agreement
under
applicable law. The Depositor, the Seller, the Master Servicer and the Trustee
agree that it is not intended that any mortgage loan be conveyed to the Trust
that is either (i) a “High-Cost Home Loan” as defined in the New Jersey Home
Ownership Act effective November 27, 2003, (ii) a “High-Cost Home Loan” as
defined in the New Mexico Home Loan Protection Act effective January 1, 2004
(iii) a “High Cost Home Mortgage Loan” as defined in the Massachusetts Predatory
Home Loan Practices Act effective November 7, 2004 or (iv) a “High-Cost Home
Loan” as defined by the Indiana High Cost Home Loan Law effective January 1,
2005.
(b) In
connection with the above transfer and assignment, the Depositor hereby delivers
to the Custodian, on behalf of the Trustee, with respect to each Mortgage
Loan:
(i) the
original Mortgage Note, endorsed without recourse (A) to the order of the
Trustee or in blank, or (B) in the case of a loan registered on the MERS
system,
in blank, and in each case showing an unbroken chain of endorsements
from the originator, at the time it made the initial endorsement, to the
last
endorsee up to and including the point the Sponsor acquired such mortgage
loan;
(ii) the
original Mortgage and, if the related Mortgage Loan is a MOM Loan, noting
the
presence of the MIN and language indicating that such Mortgage Loan is a
MOM
Loan, which shall have been recorded (or, for Mortgage Loans other than the
EMC
Flow Loans, if the original is not available, a copy), with evidence of such
recording indicated thereon (or if clause (w) in the proviso below applies,
shall be in recordable form).
(iii) unless
the Mortgage Loan is registered on the MERS® System, a certified copy of the
assignment (which may be in the form of a blanket assignment if permitted
in the
jurisdiction in which the Mortgaged Property is located) to “Xxxxx
Fargo,
N.A.,
as Trustee”, with evidence of recording with respect to each Mortgage Loan in
the name of the Trustee thereon (or if clause (w) in the proviso below applies
or for Mortgage Loans with respect to which the related Mortgaged Property
is
located in a state other than Maryland or an Opinion of Counsel has been
provided as set forth in this Section 2.01(b), shall be in recordable
form);
(iv) all
intervening assignments of the Security Instrument, if applicable and only
to
the extent available to the Depositor with evidence of recording
thereon;
(v) the
original or a copy of the policy or certificate of primary mortgage guaranty
insurance, to the extent available, if any;
(vi) the
original policy of title insurance or mortgagee’s certificate of title insurance
or commitment or binder for title insurance; and
(vii) originals
of all modification agreements, if applicable and available;
provided,
however,
that in
lieu of the foregoing, the Depositor may deliver to the Custodian, on behalf
of
the Trustee, the following documents, under the circumstances set forth below:
(w) in lieu of the original Security Instrument, assignments to the Trustee
or
intervening assignments thereof which have been delivered, are being delivered
or will, upon receipt of recording information relating to the Security
Instrument required to be included thereon, be delivered to recording offices
for recording and have not been returned to the Depositor in time to permit
their delivery as specified above, the Depositor may deliver, or cause to
be
delivered, a true copy thereof with a stamp on the face of such copy,
substantially as follows: “Certified to be a true and correct copy of the
original”; (x) in lieu of the Security Instrument, assignment to the Trustee or
intervening assignments thereof, if the applicable jurisdiction retains the
originals of such documents (as evidenced by a certification from the Depositor
to such effect) the Depositor may deliver photocopies of such documents
containing an original certification by the judicial or other governmental
authority of the jurisdiction where such documents were recorded; (y) in
lieu of
the Mortgage Notes relating to the Mortgage Loans identified on Exhibit 5
to the
Mortgage Loan Purchase Agreement, the Depositor may deliver lost note affidavits
from the Seller; and (z) the Depositor shall not be required to deliver
intervening assignments or Mortgage Note endorsements between the related
Underlying Seller and the Seller, between the Seller and the Depositor, and
between the Depositor and the Trustee; and provided, further, however, that
in
the case of Mortgage Loans which have been prepaid in full after the Cut-off
Date and prior to the Closing Date, the Depositor, in lieu of delivering
the
above documents, may deliver to the Trustee or the Custodian, on its behalf,
a
certification to such effect and shall deposit all amounts paid in respect
of
such Mortgage Loans in the Master Servicer Collection Account on the Closing
Date. The Depositor shall deliver such original documents (including any
original documents as to which certified copies had previously been delivered)
to the Trustee or the Custodian, on its behalf, promptly after they are
received. The Depositor shall cause the Seller, at its expense, to cause
each
assignment of the Security Instrument to the Trustee to be recorded not later
than 180 days after the Closing Date, unless (a) such recordation is not
required by the Rating Agencies or an Opinion of Counsel addressed to the
Trustee has been provided to the Trustee (with a copy to the Custodian) which
states that recordation of such Security Instrument is not required to protect
the interests of the Certificateholders in the related Mortgage Loans or
(b)
MERS is identified on the Mortgage or on a properly recorded assignment of
the
Mortgage as the mortgagee of record solely as nominee for the Seller and
its
successor and assigns; provided, however, notwithstanding the foregoing,
each
assignment shall be submitted for recording by the Seller in the manner
described above, at no expense to the Trust or the Trustee or the Custodian,
on
its behalf, upon the earliest to occur of: (i) reasonable direction by the
Holders of Certificates evidencing Fractional Undivided Interests aggregating
not less than 25% of the Trust, (ii) the occurrence of an Event of Default,
(iii) the occurrence of a bankruptcy, insolvency or foreclosure relating
to the
Seller and (iv) the occurrence of a servicing transfer as described in Section
8.02 hereof.
Section
2.02 Acceptance
of Mortgage Loans by Trustee.
(a) The
Trustee acknowledges the sale, transfer and assignment of the Trust Fund
to it
by the Depositor and receipt of, subject to further review and the exceptions
which may be noted pursuant to the procedures described below, and declares
that
it holds, the documents (or certified copies thereof) delivered to the
Custodian, on its behalf, pursuant to Section 2.01, and declares that it
will
continue to hold those documents and any amendments, replacements or supplements
thereto and all other assets of the Trust Fund delivered to it (or the Custodian
on its behalf) as Trustee in trust for the use and benefit of all present
and
future Holders of the Certificates. On the Closing Date, with respect to
the
Mortgage Loans, the Custodian shall acknowledge with respect to each Mortgage
Loan by delivery to the Depositor, EMC, the Master Servicer and the Trustee
of
an Initial Certification substantially in the form of Exhibit One to the
Custodial Agreement, receipt of the Mortgage File, but without review of
such
Mortgage File, except to the extent necessary to confirm that such Mortgage
File
contains the related Mortgage Note or lost note affidavit. No later than
90 days
after the Closing Date (or with respect to any Substitute Mortgage Loan,
within
five Business Days after the receipt by the Trustee or Custodian thereof),
the
Trustee agrees, for the benefit of the Certificateholders, to review or cause
to
be reviewed by the Custodian on its behalf (under the Custodial Agreement),
each
Mortgage File delivered to it (or the Custodian on its behalf) and to execute
and deliver, or cause to be executed and delivered, to the Depositor, EMC,
the
Master Servicer and the Trustee an Interim Certification substantially in
the
form of Exhibit Two to the Custodial Agreement. In conducting such review,
the
Trustee or Custodian on behalf of the Trustee will ascertain whether all
required documents have been executed and received, and based on the related
Mortgage Loan Schedule, whether those documents relate, determined on the
basis
of the Mortgagor name, original principal balance and loan number, to the
Mortgage Loans it has received, as identified in the related Mortgage Loan
Schedule. In performing any such review, the Trustee or the Custodian, on
its
behalf, may conclusively rely on the purported due execution and genuineness
of
any such document and on the purported genuineness of any signature thereon.
If
the Trustee or the Custodian, on its behalf, finds any document constituting
part of the Mortgage File has not been executed or received, or to be unrelated,
determined on the basis of the Mortgagor name, original principal balance
and
loan number, to the Mortgage Loans identified in Exhibit B, or to appear
defective on its face (i.e. torn, mutilated, or otherwise physically altered)
(a
“Material Defect”), the Trustee or the Custodian, on its behalf, shall, upon
completion of the review of all files, but in no event later than 90 days
after
the Closing Date, notify the Seller. In accordance with the Mortgage Loan
Purchase Agreement, the Seller shall correct or cure any such defect within
ninety (90) days from the date of notice from the Trustee or the Custodian,
on
its behalf, of the defect and if the Seller fails to correct or cure the
defect
within such period, and such defect materially and adversely affects the
interests of the Certificateholders in the related Mortgage Loan, the Trustee
shall enforce the Seller’s obligation under the Mortgage Loan Purchase
Agreement, within 90 days from the Trustee’s or the Custodian’s notification,
provide a Substitute Mortgage Loan (if within two years of the Closing Date)
or
purchase such Mortgage Loan at the Purchase Price; provided that, if such
defect
would cause the Mortgage Loan to be other than a “qualified mortgage” as defined
in Section 860G(a)(3) of the Code, any such cure or repurchase must occur
within
90 days from the date such breach was discovered; provided, however, that
if
such defect relates solely to the inability of the Seller to deliver the
original Security Instrument or intervening assignments thereof, or a certified
copy because the originals of such documents, or a certified copy have not
been
returned by the applicable jurisdiction, the Seller shall not be required
to
purchase such Mortgage Loan if the Seller delivers such original documents
or
certified copy promptly upon receipt, but in no event later than 360 days
after
the Closing Date. The foregoing repurchase obligation shall not apply in
the
event that the Seller cannot deliver such original or copy of any document
submitted for recording to the appropriate recording office in the applicable
jurisdiction because such document has not been returned by such office;
provided that the Seller shall instead deliver a recording receipt of such
recording office or, if such receipt is not available, a certificate confirming
that such documents have been accepted for recording, and delivery to the
Trustee or the Custodian, on its behalf, shall be effected by the Seller
within
thirty days of its receipt of the original recorded document.
(b) No
later
than 180 days after the Closing Date (or with respect to any Substitute Mortgage
Loan, within five Business Days after the receipt by the Trustee or the
Custodian thereof), the Trustee or the Custodian, on its behalf, will review,
for the benefit of the Certificateholders, the Mortgage Files delivered to
it
and will execute and deliver or cause to be executed and delivered to the
Depositor, EMC, the Master Servicer and the Trustee a Final Certification
substantially in the form of Exhibit Three to the Custodial Agreement. In
conducting such review, the Trustee or the Custodian, on its behalf, will
ascertain whether an original of each document required to be recorded has
been
returned from the recording office with evidence of recording thereon or
a
certified copy has been obtained from the recording office. If the Trustee
or
the Custodian, on its behalf, finds a Material Defect, the Trustee or the
Custodian, on its behalf, shall, upon completion of the review of all files,
but
in no event later than 180 days after the Closing Date, notify the Seller
(provided, however, that with respect to those documents described in
subsections (b)(iv), (v) and (vii) of Section 2.01, the Trustee’s and
Custodian’s obligations shall extend only to the documents actually delivered to
the Custodian pursuant to such subsections). In accordance with the Mortgage
Loan Purchase Agreement, the Seller shall correct or cure any such defect
within
90 days from the date of notice from the Trustee or the Custodian, on its
behalf, of the Material Defect and if the Seller is unable to cure such defect
within such period, and if such defect materially and adversely affects the
interests of the Certificateholders in the related Mortgage Loan, the Trustee
shall enforce the Seller’s obligation under the Mortgage Loan Purchase
Agreement, within 90 days from the Trustee’s or Custodian’s notification,
provide a Substitute Mortgage Loan (if within two years of the Closing Date)
or
purchase such Mortgage Loan at the Purchase Price; provided that, if such
defect
would cause the Mortgage Loan to be other than a “qualified mortgage” as defined
in Section 860G(a)(3) of the Code, any such cure, repurchase or substitution
must occur within 90 days from the date such breach was discovered; provided,
however, that if such defect relates solely to the inability of the Seller
to
deliver the original Security Instrument or intervening assignments thereof,
or
a certified copy, because the originals of such documents or a certified
copy,
have not been returned by the applicable jurisdiction, the Seller shall not
be
required to purchase such Mortgage Loan, if the Seller delivers such original
documents or certified copy promptly upon receipt, but in no event later
than
360 days after the Closing Date. The foregoing repurchase obligation shall
not
apply in the event that the Seller cannot deliver such original or copy of
any
document submitted for recording to the appropriate recording office in the
applicable jurisdiction because such document has not been returned by such
office; provided that the Seller shall instead deliver a recording receipt
of
such recording office or, if such receipt is not available, a certificate
confirming that such documents have been accepted for recording, and delivery
to
the Trustee or the Custodian, on its behalf, shall be effected by the Seller
within thirty days of its receipt of the original recorded
document.
(c) In
the
event that a Mortgage Loan is purchased by the Seller in accordance with
Subsections 2.02(a) or (b) above, EMC shall remit to the Master Servicer
the
Purchase Price for deposit in the Master Servicer Collection Account and
the
Seller shall provide to the Trustee written notification detailing the
components of the Purchase Price. Upon deposit of the Purchase Price in the
Master Servicer Collection Account, the Depositor shall notify the Trustee
and
the Custodian, on behalf of the Trustee (upon receipt of a Request for Release
in the form of Exhibit D attached hereto, with respect to such Mortgage Loan),
shall release to the Seller the related Mortgage File and the Trustee shall
execute and deliver all instruments of transfer or assignment, without recourse,
representation or warranty, furnished to it by the Seller, as are necessary
to
vest in the Seller title to and rights under the Mortgage Loan. Such purchase
shall be deemed to have occurred on the date on which the Purchase Price
in
available funds is received by the Trustee. The Trustee shall amend the Mortgage
Loan Schedule, which was previously delivered to it by the Depositor in a
form
agreed to between the Depositor and the Trustee, to reflect such repurchase
and
shall promptly notify the Rating Agencies of such amendment and furnish a
copy
of the amended Mortgage Loan Schedule to the Master Servicer and the Custodian.
To enable the Trustee to amend the Mortgage Loan Schedule, the Seller shall,
unless it cures such breach in a timely fashion pursuant to this Section
2.02,
promptly notify the Trustee whether it intends either to repurchase, or to
substitute for, the Mortgage Loan affected by such breach. The obligation
of the
Seller to repurchase or substitute for any Mortgage Loan a Substitute Mortgage
Loan as to which such a defect in a constituent document exists shall be
the
sole remedy respecting such defect available to the Certificateholders or
to the
Trustee on their behalf.
Section
2.03 Assignment
of Interest in the Mortgage Loan Purchase Agreement.
(a) The
Depositor hereby assigns to the Trustee, on behalf of the Certificateholders,
all of its right, title and interest in the Mortgage Loan Purchase Agreement,
including but not limited to the Depositor’s rights and obligations pursuant to
the Servicing Agreement (noting that the Seller has retained the right in
the
event of breach of the representations, warranties and covenants, if any,
with
respect to the related Mortgage Loans of the Servicer under the Servicing
Agreement to enforce the provisions thereof and to seek all or any available
remedies). The obligations of the Seller to substitute or repurchase, as
applicable, a Mortgage Loan shall be the Trustee’s and the Certificateholders’
sole remedy for any breach thereof. At the request of the Trustee, the Depositor
shall take such actions as may be necessary to enforce the above right, title
and interest on behalf of the Trustee and the Certificateholders or shall
execute such further documents as the Trustee may reasonably require in order
to
enable the Trustee to carry out such enforcement.
(b) If
the
Depositor, the Master Servicer or the Trustee discovers a breach of any of
the
representations and warranties set forth in the Mortgage Loan Purchase
Agreement, which breach materially and adversely affects the value of the
interests of Certificateholders or the Trustee in the related Mortgage Loan,
the
party discovering the breach shall give prompt written notice of the breach
to
the other parties to this Agreement. The Seller, within 90 days of its discovery
or receipt of notice that such breach has occurred (whichever occurs earlier),
shall cure the breach in all material respects or, subject to the Mortgage
Loan
Purchase Agreement or Section 2.04 of this Agreement, as applicable, shall
purchase the Mortgage Loan or any property acquired with respect thereto
from
the Trustee; provided, however, that if there is a breach of any representation
set forth in the Mortgage Loan Purchase Agreement or Section 2.04 of this
Agreement, as applicable, and the Mortgage Loan or the related property acquired
with respect thereto has been sold, then the Seller shall pay, in lieu of
the
Purchase Price, any excess of the Purchase Price over the Net Liquidation
Proceeds received upon such sale. If the Net Liquidation Proceeds exceed
the
Purchase Price, any excess shall be paid to the Seller to the extent not
required by law to be paid to the borrower. Any such purchase by the Seller
shall be made by providing an amount equal to the Purchase Price to the Master
Servicer for deposit in the Master Servicer Collection Account and written
notification detailing the components of such Purchase Price to the Trustee.
The
Depositor shall notify the Trustee and submit to the Custodian, on behalf
of the
Trustee, a Request for Release, and the Custodian shall release, or the Trustee
shall cause the Custodian to release, to the Seller the related Mortgage
File
and the Trustee shall execute and deliver all instruments of transfer or
assignment furnished to it by the Seller, without recourse, representation
or
warranty as are necessary to vest in the Seller title to and rights under
the
Mortgage Loan or any property acquired with respect thereto. Such purchase
shall
be deemed to have occurred on the date on which the Purchase Price in available
funds is received by the Trustee. The Trustee shall amend the Mortgage Loan
Schedule to reflect such repurchase and shall promptly notify the Trustee
of
such amendment and furnish a copy of the amended Mortgage Loan Schedule to
the
Master Servicer and the Custodian. Enforcement of the obligation of the Seller
to purchase (or substitute a Substitute Mortgage Loan for) any Mortgage Loan
or
any property acquired with respect thereto (or pay the Purchase Price as
set
forth in the above proviso) as to which a breach has occurred and is continuing
shall constitute the sole remedy respecting such breach available to the
Certificateholders or the Trustee on their behalf.
In
connection with any repurchase of a Mortgage Loan pursuant to this Section
2.03,
the Seller shall, or cause the Servicer to, furnish to
the
Trustee an Officer’s Certificate,
signed
by a duly authorized officer of the Seller or the Servicer, as the case may
be,
to the effect that such repurchase has been made in accordance with the terms
and conditions of this Agreement and that all conditions precedent to such
repurchase have been satisfied, including the delivery to the Master Servicer
of
the Purchase Price for deposit into the Master Servicer Collection Account,
together with copies of any Opinion of Counsel required to be delivered pursuant
to this Agreement and the related Request for Release. Solely
for purposes of the Trustee providing an Assessment of Compliance, upon receipt
of such documentation, the Trustee shall approve such repurchase and which
approval shall consist solely of the Trustee’s receipt of such documentation and
deposits. It is understood and agreed that the obligation under this Agreement
of the Seller to repurchase any Mortgage Loan as to which a breach has occurred
and is continuing shall constitute the sole remedies against the Seller
respecting such breach available to Certificateholders, the Depositor or
the
Trustee.
Section
2.04 Substitution
of Mortgage Loans.
Notwithstanding
anything to the contrary in this Agreement, in lieu of purchasing a Mortgage
Loan pursuant to the Mortgage Loan Purchase Agreement or Sections 2.02 or
2.03
of this Agreement, the Seller may, no later than the date by which such purchase
by the Seller would otherwise be required, tender to the Trustee a Substitute
Mortgage Loan accompanied by a certificate of an authorized officer of the
Seller that such Substitute Mortgage Loan conforms to the requirements set
forth
in the definition of “Substitute Mortgage Loan” in this Agreement; provided,
however, that substitution pursuant to the Mortgage Loan Purchase Agreement
or
Section 2.04 of this Agreement, as applicable, in lieu of purchase shall
not be
permitted after the termination of the two-year period beginning on the Startup
Day; provided, further, that if a breach would cause the Mortgage Loan to
be
other than a “qualified mortgage” as defined in Section 860G(a)(3) of the Code,
any such substitution must occur within 90 days from the date the breach
was
discovered. The Custodian, on behalf of the Trustee, shall examine the Mortgage
File for any Substitute Mortgage Loan in the manner set forth in Section
2.02(a)
and the Trustee or the Custodian, on its behalf, shall notify the Seller,
in
writing, within five Business Days after receipt, whether or not the documents
relating to the Substitute Mortgage Loan satisfy the requirements of the
fifth
sentence of Subsection 2.02(a). Within two Business Days after such
notification, the Seller shall provide to the Trustee for deposit in the
Distribution Account the amount, if any, by which the Outstanding Principal
Balance as of the next preceding Due Date of the Mortgage Loan for which
substitution is being made, after giving effect to the Scheduled Principal
due
on such date, exceeds the Outstanding Principal Balance as of such date of
the
Substitute Mortgage Loan, after giving effect to Scheduled Principal due
on such
date, which amount shall be treated for the purposes of this Agreement as
if it
were the payment by the Seller of the Purchase Price for the purchase of
a
Mortgage Loan by the Seller. After such notification to the Seller and, if
any
such excess exists, upon receipt of such deposit, the Trustee shall accept
such
Substitute Mortgage Loan which shall thereafter be deemed to be a Mortgage
Loan
hereunder. In the event of such a substitution, accrued interest on the
Substitute Mortgage Loan for the month in which the substitution occurs and
any
Principal Prepayments made thereon during such month shall be the property
of
the Trust Fund and accrued interest for such month on the Mortgage Loan for
which the substitution is made and any Principal Prepayments made thereon
during
such month shall be the property of the Seller. The Scheduled Principal on
a
Substitute Mortgage Loan due on the Due Date in the month of substitution
shall
be the property of the Seller and the Scheduled Principal on the Mortgage
Loan
for which the substitution is made due on such Due Date shall be the property
of
the Trust Fund. Upon acceptance of the Substitute Mortgage Loan (and delivery
to
the Custodian of a Request for Release for such Mortgage Loan), the Custodian,
on behalf of the Trustee, shall release to the Seller the related Mortgage
File
related to any Mortgage Loan released pursuant to the Mortgage Loan Purchase
Agreement or Section 2.04 of this Agreement, as applicable, and shall execute
and deliver all instruments of transfer or assignment, without recourse,
representation or warranty in form as provided to it as are necessary to
vest in
the Seller title to and rights under any Mortgage Loan released pursuant
to the
Mortgage Loan Purchase Agreement or Section 2.04 of this Agreement, as
applicable. The Seller shall deliver to the Custodian the documents related
to
the Substitute Mortgage Loan in accordance with the provisions of the Mortgage
Loan Purchase Agreement or Subsections 2.01(b) and 2.02(b) of this Agreement,
as
applicable, with the date of acceptance of the Substitute Mortgage Loan deemed
to be the Closing Date for purposes of the time periods set forth in those
Subsections. The representations and warranties set forth in the Mortgage
Loan
Purchase Agreement shall be deemed to have been made by the Seller with respect
to each Substitute Mortgage Loan as of the date of acceptance of such Mortgage
Loan by the Trustee. The Trustee shall amend the Mortgage Loan Schedule to
reflect such substitution and shall provide a copy of such amended Mortgage
Loan
Schedule to the Trustee, the Master Servicer, the Seller, the Custodian and
the
Rating Agencies.
In
connection with any substitution of a Mortgage Loan pursuant to this Section
2.04, the Seller shall, or cause the Servicer to, furnish to the Trustee
and the
Master Servicer an Officer’s Certificate, signed by a duly authorized officer of
the Seller or the Servicer, as the case may be, to the effect that such
substitution has been made in accordance with the terms and conditions of
this
Agreement and that all conditions precedent to such substitution have been
satisfied, together with copies of any Opinion of Counsel required to be
delivered pursuant to this Agreement and the related Request for Release.
Solely
for purposes of the Trustee providing an Assessment of Compliance, upon receipt
of such documentation, the Trustee shall approve such substitution and which
approval shall be based solely on the Trustee’s receipt of such documentation
and deposits. It is understood and agreed that the obligation under this
Agreement of the Seller to substitute any Mortgage Loan as to which a breach
has
occurred and is continuing shall constitute the sole remedies against the
Seller
respecting such breach available to Certificateholders, the Depositor or
the
Trustee.
Section
2.05 Issuance
of Certificates.
(a) The
Trustee acknowledges the assignment to it of the Mortgage Loans and the other
assets comprising the Trust Fund and, concurrently therewith, the Trustee
has
signed, and countersigned and delivered to the Depositor, in exchange therefor,
Certificates in such authorized denominations representing such Fractional
Undivided Interests as the Depositor has requested. The Trustee (or the
Custodian on its behalf) agrees that it will hold the Mortgage Loans and
such
other assets as may from time to time be delivered to it (or the Custodian
on
its behalf) segregated on the books of the Trustee in trust for the benefit
of
the Certificateholders.
(b) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the
Mortgage Loans and the other assets of REMIC I for the benefit of the holders
of
the REMIC I Interests. The Trustee acknowledges receipt of such assets and
declares that it holds and will hold the same in trust for the exclusive
use and
benefit of the holders of the REMIC I Interests.
(c) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the
REMIC
I Regular Interests and the other assets of REMIC II for the benefit of the
holders of the REMIC II Interests. The Trustee acknowledges receipt of the
REMIC
I Regular Interests (which are uncertificated) and the other assets of REMIC
II
and declares that it holds and will hold the same in trust for the exclusive
use
and benefit of the holders of the REMIC II Interests.
(d) The
Depositor, concurrently with the execution and delivery hereof, does hereby
transfer, assign, set over and otherwise convey in trust to the Trustee without
recourse all the right, title and interest of the Depositor in and to the
REMIC
II Regular Interests and the other assets of REMIC III for the benefit of
the
Holders of the Certificates (other than the Class R-I Certificates and the
Class
R-II Certificates). The Trustee acknowledges receipt of the REMIC II Regular
Interests (which are uncertificated) and the other assets of REMIC III and
declares that it holds and will hold the same in trust for the exclusive
use and
benefit of the Holders of the Certificates (other than the Class R-I
Certificates and the Class R-II Certificates).
Section
2.06 Representations
and Warranties Concerning the Depositor.
The
Depositor hereby represents and warrants to the Trustee and the Master Servicer
as follows:
(i) the
Depositor (a) is a corporation duly organized, validly existing and in good
standing under the laws of the State of Delaware and (b) is qualified and
in
good standing as a foreign corporation to do business in each jurisdiction
where
such qualification is necessary, except where the failure so to qualify would
not reasonably be expected to have a material adverse effect on the Depositor’s
business as presently conducted or on the Depositor’s ability to enter into this
Agreement and to consummate the transactions contemplated hereby;
(ii) the
Depositor has full corporate power to own its property, to carry on its business
as presently conducted and to enter into and perform its obligations under
this
Agreement;
(iii) the
execution and delivery by the Depositor of this Agreement have been duly
authorized by all necessary corporate action on the part of the Depositor;
and
neither the execution and delivery of this Agreement, nor the consummation
of
the transactions herein contemplated, nor compliance with the provisions
hereof,
will conflict with or result in a breach of, or constitute a default under,
any
of the provisions of any law, governmental rule, regulation, judgment, decree
or
order binding on the Depositor or its properties or the articles of
incorporation or by-laws of the Depositor, except those conflicts, breaches
or
defaults which would not reasonably be expected to have a material adverse
effect on the Depositor’s ability to enter into this Agreement and to consummate
the transactions contemplated hereby;
(iv) the
execution, delivery and performance by the Depositor of this Agreement and
the
consummation of the transactions contemplated hereby do not require the consent
or approval of, the giving of notice to, the registration with, or the taking
of
any other action in respect of, any state, federal or other governmental
authority or agency, except those consents, approvals, notices, registrations
or
other actions as have already been obtained, given or made;
(v) this
Agreement has been duly executed and delivered by the Depositor and, assuming
due authorization, execution and delivery by the other parties hereto,
constitutes a valid and binding obligation of the Depositor enforceable against
it in accordance with its terms (subject to applicable bankruptcy and insolvency
laws and other similar laws affecting the enforcement of the rights of creditors
generally);
(vi) there
are
no actions, suits or proceedings pending or, to the knowledge of the Depositor,
threatened against the Depositor, before or by any court, administrative
agency,
arbitrator or governmental body (i) with respect to any of the transactions
contemplated by this Agreement or (ii) with respect to any other matter which
in
the judgment of the Depositor will be determined adversely to the Depositor
and
will if determined adversely to the Depositor materially and adversely affect
the Depositor’s ability to enter into this Agreement or perform its obligations
under this Agreement; and the Depositor is not in default with respect to
any
order of any court, administrative agency, arbitrator or governmental body
so as
to materially and adversely affect the transactions contemplated by this
Agreement;
(vii) The
Depositor has filed all reports required to be filed by Section 13 or Section
15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the Depositor was required to file such reports) and it has been
subject to such filing requirements for the past 90 days; and
(viii) immediately
prior to the transfer and assignment to the Trustee, each Mortgage Note and
each
Mortgage were not subject to an assignment or pledge, and the Depositor had
good
and marketable title to and was the sole owner thereof and had full right
to
transfer and sell such Mortgage Loan to the Trustee free and clear of any
encumbrance, equity, lien, pledge, charge, claim or security
interest.
Section
2.07 Purposes
and Powers of the Trust.
The
purpose of the common law trust, as created hereunder, is to engage in the
following activities:
(a) acquire
and hold the Mortgage Loans and the other assets of the Trust Fund and the
proceeds therefrom;
(b) to
issue
the Certificates sold to the Depositor in exchange for the Mortgage
Loans;
(c) to
make
payments on the Certificates;
(d) to
engage
in those activities that are necessary, suitable or convenient to accomplish
the
foregoing or are incidental thereto or connected therewith; and
(e) subject
to compliance with this Agreement, to engage in such other activities as
may be
required in connection with conservation of the Trust Fund and the making
of
distributions to the Certificateholders.
The
trust
is hereby authorized to engage in the foregoing activities. The trust shall
not
engage in any activity other than in connection with the foregoing or other
than
as required or authorized by the terms of this Agreement while any Certificate
is outstanding.
Section
2.08 Delivery
of Opinion of Counsel in Connection with Substitutions and
Purchases.
Notwithstanding
any contrary provision of this Agreement, with respect to any Mortgage Loan
that
is not in default or as to which default is not reasonably foreseeable, no
repurchase or substitution pursuant to Sections 2.02, 2.03 or 2.04 shall
be made
unless the Seller delivers to the Trustee an Opinion of Counsel, addressed
to
the Trustee, to the effect that such repurchase or substitution would not
(i)
result in the imposition of the tax on “prohibited transactions” of REMIC I,
REMIC II or REMIC III, or contributions after the Startup Date, as defined
in
Sections 860F(a)(2) and 860G(d) of the Code, respectively, or (ii) cause
any of
REMIC I, REMIC II or REMIC III to fail to qualify as a REMIC at any time
that
any Certificates are outstanding. Any Mortgage Loan as to which repurchase
or
substitution was delayed pursuant to this paragraph shall be repurchased
or the
substitution therefor shall occur (subject to compliance with Sections 2.02,
2.03 or 2.04) upon the earlier of (a) the occurrence of a default or default
becoming reasonably foreseeable with respect to such Mortgage Loan and (b)
receipt by the Trustee of an Opinion of Counsel addressed to the Trustee
to the
effect that such repurchase or substitution, as applicable, will not result
in
the events described in clause (i) or clause (ii) of the preceding sentence.
ARTICLE
III
ADMINISTRATION
AND MASTER SERVICING OF MORTGAGE LOANS; SEC REPORTING
Section
3.01 Master
Servicer.
The
Master Servicer shall, from and after the Closing Date, supervise, monitor
and
oversee the obligation of the Servicer to service and administer their
respective Mortgage Loans in accordance with the terms of the Servicing
Agreement and shall have full power and authority to do any and all things
which
it may deem necessary or desirable in connection with such master servicing
and
administration. In performing its obligations hereunder, the Master Servicer
shall act in a manner consistent with Accepted Master Servicing Practices.
Furthermore, the Master Servicer shall oversee and consult with the Servicer
as
necessary from time-to-time to carry out the Master Servicer’s obligations
hereunder, shall receive, review and evaluate all reports, information and
other
data provided to the Master Servicer by the Servicer and shall cause the
Servicer to perform and observe the covenants, obligations and conditions
to be
performed or observed by the Servicer under its applicable Servicing Agreement.
The Master Servicer shall independently and separately monitor the Servicer’s
servicing activities with respect to each related Mortgage Loan, reconcile
the
results of such monitoring with such information provided in the previous
sentence on a monthly basis and coordinate corrective adjustments to the
Servicer’s and Master Servicer’s records, and based on such reconciled and
corrected information, the Master Servicer shall provide a report in the
form of
a computer readable magnetic tape (or by such other means as the Master Servicer
and the Trustee may agree from time to time) containing such data and
information, as agreed to by the Master Servicer and the Trustee such as
to
permit the Trustee to prepare the statements specified in Section 6.04 by
12:00
p.m. Central
Standard Time
on the
5th
Business
Day prior to each Distribution Date, and prepare any other information and
statements required to be forwarded by the Master Servicer hereunder;
provided, however, in no event shall the Master Servicer be required to provide
such information to the Trustee earlier than 12:00 p.m. Central
Standard Time
on the
19th
calendar
day of the month.
The
Master Servicer shall reconcile the results of its Mortgage Loan monitoring
with
the actual remittances of the Servicer to the Master Servicer pursuant to
the
Servicing Agreement. The
Master Servicer shall be entitled to conclusively rely on the Mortgage Loan
data
provided by the Servicer and
shall
have no liability for
any
errors in such Mortgage Loan data.
In
addition to the foregoing, in connection with a modification of any Mortgage
Loan by the Servicer, if the Master Servicer is unable to enforce the
obligations of the Servicer with respect to such modification, the Master
Servicer shall notify the Depositor of the Servicer’s failure to comply with the
terms of the Servicing Agreement. If the Servicing Agreement requires the
approval of the Master Servicer for a modification to a Mortgage Loan, the
Master Servicer shall approve such modification if, based upon its receipt
of
written notification from the Servicer outlining the terms of such modification
and appropriate supporting documentation, the Master Servicer determines
that
the modification is permitted under the terms of the Servicing Agreement
and
that any conditions to such modification set forth in the Servicing Agreement
have been satisfied. Furthermore, if the Servicing Agreement requires the
oversight and monitoring of loss mitigation measures with respect to the
related
Mortgage Loans, the Master Servicer will monitor any loss mitigation procedure
or recovery action related to a defaulted Mortgage Loan (to the extent it
receives notice of such from the Servicer) and confirm that such loss mitigation
procedure or recovery action is initiated, conducted and concluded in accordance
with any timeframes and any other requirements set forth in the Servicing
Agreement, and the Master Servicer shall notify the Depositor in any case
in
which the Master Servicer believes that the Servicer is not complying with
such
timeframes and/or other requirements.
The
Trustee shall furnish the Servicer and the Master Servicer, upon written
request
from a servicing officer, with any powers of attorney and other documents
in
form as provided to it necessary or appropriate to enable the Servicer and
the
Master Servicer to service and administer the related Mortgage Loans and
REO
Property.
The
Trustee or the Custodian on its behalf or the Servicer shall provide access
to
the records and documentation in the possession of the Custodian regarding
the
related Mortgage Loans and REO Property and the servicing thereof to the
Certificateholders, the FDIC, and the supervisory agents and examiners of
the
FDIC, such access being afforded only upon reasonable prior written request
and
during normal business hours at the office of the Custodian or the Servicer;
provided, however, that, unless otherwise required by law, the Trustee, the
Custodian, or the Servicer, shall not be required to provide access to such
records and documentation if the provision thereof would violate the legal
right
to privacy of any Mortgagor. The Trustee or the Custodian, on its behalf,
or the
Servicer, shall allow representatives of the above entities to photocopy
any of
the records and documentation and shall provide equipment for that purpose
at a
charge that covers the Trustee’s, Custodian’s or the Servicer’s actual
costs.
The
Trustee shall execute upon the Servicer’s written instruction (which includes
the documents to be signed) and deliver to the Servicer and the Master Servicer,
any court pleadings, requests for trustee’s sale or other appropriate documents
necessary or desirable to (i) the foreclosure or trustee’s sale with respect to
a Mortgaged Property; (ii) any legal action brought to obtain judgment against
any Mortgagor on the Mortgage Note or Security Instrument; (iii) obtain a
deficiency judgment against the Mortgagor; or (iv) enforce any other rights
or
remedies provided by the Mortgage Note or Security Instrument or otherwise
available at law or equity.
Section
3.02 REMIC-Related
Covenants.
For
as
long as each REMIC shall exist, the Trustee shall act in accordance herewith
to
assure continuing treatment of such REMIC as a REMIC, and the Trustee shall
comply with any directions of the Depositor, the Servicer or the Master Servicer
to assure such continuing treatment. In particular, the Trustee shall not
(a)
sell or permit the sale of all or any portion of the Mortgage Loans or of
any
investment of deposits in an Account (except as otherwise expressly permitted
by
this Agreement) unless such sale is as a result of a repurchase of the Mortgage
Loans pursuant to this Agreement or the Trustee has received a REMIC Opinion
addressed to the Trustee prepared at the expense of the Trust Fund; (b) other
than with respect to a substitution pursuant to the Mortgage Loan Purchase
Agreement or Section 2.04 of this Agreement, as applicable, accept any
contribution to any REMIC after the Startup Day without receipt of a REMIC
Opinion addressed to the Trustee; or (c) acquire any assets for any
REMIC
(except as otherwise expressly permitted by this Agreement) other
than
any REO Property after the Startup Day without receipt of a REMIC
Opinion.
Section
3.03 Monitoring
of Servicer.
(a) The
Master Servicer shall be responsible for reporting to the Trustee and the
Depositor the non-compliance by the Servicer with its duties under the Servicing
Agreement. In the review of the Servicer’s activities, the Master Servicer may
rely upon an officer’s certificate of the Servicer (or similar document signed
by an officer of the Servicer) with regard to the Servicer’s compliance with the
terms of its Servicing Agreement. In the event that the Master Servicer,
in its
judgment, determines that the Servicer should be terminated in accordance
with
its Servicing Agreement, or that a notice should be sent pursuant to the
Servicing Agreement with respect to the occurrence of an event that, unless
cured, would constitute grounds for such termination, the Master Servicer
shall
notify the Depositor and the Trustee thereof and the Master Servicer shall
issue
such notice or take such other action as it deems appropriate.
The
Master Servicer, for the benefit of the Trustee and the Certificateholders,
shall enforce the obligations of the Servicer under the Servicing Agreement,
and
shall, in the event that the Servicer fails to perform its obligations in
accordance with the Servicing Agreement, subject to the preceding paragraph,
terminate the rights and obligations of the Servicer thereunder and act as
successor servicer of the related Mortgage Loans or to cause the Trustee
to
enter into a new Servicing Agreement with a successor servicer selected by
the
Master Servicer; provided, however, it is understood and acknowledged by
the
parties hereto that there shall be a period of transition (not to exceed
90
days) before the actual servicing functions can be fully transferred to such
successor Servicer. Such enforcement, including, without limitation, the
legal
prosecution of claims, termination of the Servicing Agreement and the pursuit
of
other appropriate remedies, shall be in such form and carried out to such
an
extent and at such time as the Master Servicer, in its good faith business
judgment, would require were it the owner of the related Mortgage Loans.
The
Master Servicer shall pay the costs of such enforcement at its own expense,
subject to its right of reimbursement pursuant to the provisions of this
Agreement or the Servicing Agreement, provided that the Master Servicer shall
not be required to prosecute or defend any legal action except to the extent
that the Master Servicer shall have received reasonable indemnity for its
costs
and expenses in pursuing such action. Nothing herein shall impose any obligation
on the part of the Trustee to assume or succeed to the duties or obligations
of
the Master Servicer unless the Trustee has not been able to find a successor
servicer or a successor master servicer.
(b) To
the
extent that the costs and expenses of the Master Servicer or the Trustee,
as
applicable, related to any termination of the Servicer, or the enforcement
or
prosecution or related claims, rights or remedies or the appointment of a
successor servicer or the transfer and assumption of servicing by the Master
Servicer with respect to the Servicing Agreement (including, without limitation,
(i) all legal costs and expenses and all due diligence costs and expenses
associated with an evaluation of the potential termination of the Servicer
as a
result of an event of default by the Servicer and (ii) all costs and expenses
associated with the complete transfer of servicing, including all servicing
files and all servicing data and the completion, correction or manipulation
of
such servicing data as may be required by the successor servicer to correct
any
errors or insufficiencies in the servicing data or otherwise to enable the
successor servicer to service the Mortgage Loans in accordance with the
Servicing Agreement) are not fully and timely reimbursed by the terminated
Servicer, the Master Servicer or the Trustee, as applicable, shall be entitled
to reimbursement of such costs and expenses from the Distribution Account,
pursuant to Section 4.05.
(c) The
Master Servicer shall require the Servicer to comply with the remittance
requirements and other obligations set forth in the Servicing Agreement.
(d) If
the
Master Servicer acts as Servicer, it will not assume liability for the
representations and warranties of the Servicer, if any, that it
replaces.
Section
3.04 Fidelity
Bond.
The
Master Servicer, at its expense, shall maintain in effect a blanket fidelity
bond and an errors and omissions insurance policy, affording coverage with
respect to all directors, officers, employees and other Persons acting on
such
Master Servicer’s behalf, and covering errors and omissions in the performance
of the Master Servicer’s obligations hereunder. The errors and omissions
insurance policy and the fidelity bond shall be in such form and amount
generally acceptable for entities serving as master servicers or
trustees.
Section
3.05 Power
to
Act; Procedures.
The
Master Servicer shall master service the Mortgage Loans and shall have full
power and authority, subject to the REMIC Provisions and the provisions of
Article X hereof, to do any and all things that it may deem necessary or
desirable in connection with the master servicing and administration of the
Mortgage Loans, including but not limited to the power and authority (i)
to
execute and deliver, on behalf of the Certificateholders and the Trustee,
customary consents or waivers and other instruments and documents, (ii) to
consent to transfers of any Mortgaged Property and assumptions of the Mortgage
Notes and related Mortgages, (iii) to collect any Insurance Proceeds and
Liquidation Proceeds, and (iv) to effectuate foreclosure or other conversion
of
the ownership of the Mortgaged Property securing any Mortgage Loan, in each
case, in accordance with the provisions of this Agreement and the Servicing
Agreement, as applicable; provided, however, that the Master Servicer shall
not
(and, consistent with its responsibilities under Section 3.03, shall not
permit
the Servicer to) knowingly or intentionally take any action, or fail to take
(or
fail to cause to be taken) any action reasonably within its control and the
scope of duties more specifically set forth herein, that, under the REMIC
Provisions, if taken or not taken, as the case may be, may cause any REMIC
to
fail to qualify as a REMIC or result in the imposition of a tax upon the
Trust
Fund (including but not limited to the tax on prohibited transactions as
defined
in Section 860F(a)(2) of the Code and the tax on contributions to a REMIC
set
forth in Section 860G(d) of the Code) unless the Master Servicer has received
an
Opinion of Counsel (but not at the expense of the Master Servicer) to the
effect
that the contemplated action would not cause any REMIC to fail to qualify
as a
REMIC or result in the imposition of a tax upon any REMIC. The Trustee shall
furnish the Master Servicer, upon written request from a Servicing Officer,
with
any powers of attorney empowering the Master Servicer or the Servicer to
execute
and deliver instruments of satisfaction or cancellation, or of partial or
full
release or discharge, and to foreclose upon or otherwise liquidate Mortgaged
Property, and to appeal, prosecute or defend in any court action relating
to the
Mortgage Loans or the Mortgaged Property, in accordance with the Servicing
Agreement and this Agreement, and the Trustee shall execute and deliver such
other documents, as the Master Servicer may request, to enable the Master
Servicer to master service and administer the Mortgage Loans and carry out
its
duties hereunder, in each case in accordance with Accepted Master Servicing
Practices (and the Trustee shall have no liability for misuse of any such
powers
of attorney by the Master Servicer or the Servicer). If the Master Servicer
or
the Trustee has been advised that it is likely that the laws of the state
in
which action is to be taken prohibit such action if taken in the name of
the
Trustee or that the Trustee would be adversely affected under the “doing
business” or tax laws of such state if such action is taken in its name, the
Master Servicer shall join with the Trustee in the appointment of a co-trustee
pursuant to Section 9.11 hereof. In the performance of its duties hereunder,
the
Master Servicer shall be an independent contractor and shall not, except
in
those instances where it is taking action in the name of the Trust, be deemed
to
be the agent of the Trust.
Section
3.06 Due-on-Sale
Clauses; Assumption Agreements.
To
the
extent provided in the Servicing Agreement, to the extent Mortgage Loans
contain
enforceable due-on-sale clauses, the Master Servicer shall cause the Servicer
to
enforce such clauses in accordance with the Servicing Agreement. If applicable
law prohibits the enforcement of a due-on-sale clause or such clause is
otherwise not enforced in accordance with the Servicing Agreement, and, as
a
consequence, a Mortgage Loan is assumed, the original Mortgagor may be released
from liability in accordance with the Servicing Agreement.
Section
3.07 Release
of Mortgage Files.
(a) Upon
becoming aware of the payment in full of any Mortgage Loan, or the receipt
by
the Servicer of a notification that payment in full has been escrowed in
a
manner customary for such purposes for payment to Certificateholders on the
next
Distribution Date, the Servicer will, if required under the Servicing Agreement
(or if the Servicer does not, the Master Servicer may), promptly furnish
to the
Custodian, on behalf of the Trustee, two copies of a certification substantially
in the form of Exhibit D, (or as otherwise provided in the Custodial Agreement)
hereto signed by a Servicing Officer or in a mutually agreeable electronic
format which will, in lieu of a signature on its face, originate from a
Servicing Officer (which certification shall include a statement to the effect
that all amounts received in connection with such payment that are required
to
be deposited in the Protected Account maintained by the Servicer pursuant
to
Section 4.01 or by the Servicer pursuant to the Servicing Agreement have
been or
will be so deposited) and shall request that the Custodian, on behalf of
the
Trustee, deliver to the Servicer the related Mortgage File. Upon receipt
of such
certification and request, the Custodian, on behalf of the Trustee, shall
promptly release the related Mortgage File to the applicable Servicer and
the
Trustee and Custodian shall have no further responsibility with regard to
such
Mortgage File. Upon any such payment in full, the Servicer is authorized,
to
give, as agent for the Trustee, as the mortgagee under the Mortgage that
secured
the Mortgage Loan, an instrument of satisfaction (or assignment of mortgage
without recourse) regarding the Mortgaged Property subject to the Mortgage,
which instrument of satisfaction or assignment, as the case may be, shall
be
delivered to the Person or Persons entitled thereto against receipt therefor
of
such payment, it being understood and agreed that no expenses incurred in
connection with such instrument of satisfaction or assignment, as the case
may
be, shall be chargeable to the Protected Account.
(b) From
time
to time and as appropriate for the servicing or foreclosure of any Mortgage
Loan
and in accordance with the Servicing Agreement, upon written instruction
from
the Servicer or the Master Servicer, the Trustee shall execute such documents
as
shall be prepared and furnished to the Trustee by the Servicer or the Master
Servicer (in form reasonably acceptable to the Trustee) and as are necessary
to
the prosecution of any such proceedings. The Custodian, on behalf of the
Trustee, shall, upon the request of the Servicer or the Master Servicer,
and
delivery to the Custodian, on behalf of the Trustee, of two copies of a request
for release signed by a Servicing Officer substantially in the form of Exhibit
D, (or in a mutually agreeable electronic format which will, in lieu of a
signature on its face, originate from a Servicing Officer), release the related
Mortgage File held in its possession or control to the Servicer or the Master
Servicer, as applicable. Such trust receipt shall obligate the Servicer or
the
Master Servicer to return the Mortgage File to the Custodian on behalf of
the
Trustee, when the need therefor by the Servicer or the Master Servicer no
longer
exists unless the Mortgage Loan shall be liquidated, in which case, upon
receipt
of a certificate of a Servicing Officer similar to that hereinabove specified,
the Mortgage File shall be released by the Custodian, on behalf of the Trustee,
to the Servicer or the Master Servicer.
Section
3.08 Documents,
Records and Funds in Possession of Master Servicer To Be Held for
Trustee.
(a) The
Master Servicer and the Servicer (to the extent required by the Servicing
Agreement) shall transmit to the Trustee or Custodian on its behalf such
documents and instruments coming into the possession of the Master Servicer
or
the Servicer from time to time as are required by the terms hereof, or in
the
case of the Servicer, the Servicing Agreement, to be delivered to the Trustee
or
Custodian on its behalf. Any funds received by the Master Servicer or by
the
Servicer in respect of any Mortgage Loan or which otherwise are collected
by the
Master Servicer or by the Servicer as Liquidation Proceeds or Insurance Proceeds
in respect of any Mortgage Loan shall be held for the benefit of the Trustee
and
the Certificateholders subject to the Master Servicer’s right to retain or
withdraw from the Master Servicer Collection Account, the Master Servicing
Compensation and other amounts provided in this Agreement, and to the right
of
the Servicer to retain its Servicing Fee and other amounts as provided in
the
Servicing Agreement. The Master Servicer and the Servicer shall provide access
to information and documentation regarding the Mortgage Loans to the Trustee,
its agents and accountants at any time upon reasonable request and during
normal
business hours, and to Certificateholders that are savings and loan
associations, banks or insurance companies, the Office of Thrift Supervision,
the FDIC and the supervisory agents and examiners of such Office and Corporation
or examiners of any other federal or state banking or insurance regulatory
authority if so required by applicable regulations of the Office of Thrift
Supervision or other regulatory authority, such access to be afforded without
charge but only upon reasonable request in writing and during normal business
hours at the offices of the Master Servicer designated by it. In fulfilling
such
a request the Master Servicer shall not be responsible for determining the
sufficiency of such information.
(b) All
Mortgage Files and funds collected or held by, or under the control of, the
Master Servicer, in respect of any Mortgage Loans, whether from the collection
of principal and interest payments or from Liquidation Proceeds or Insurance
Proceeds, shall be held by the Master Servicer for and on behalf of the Trustee
and the Certificateholders and shall be and remain the sole and exclusive
property of the Trustee; provided, however, that the Master Servicer and
the
Servicer shall be entitled to setoff against, and deduct from, any such funds
any amounts that are properly due and payable to the Master Servicer or the
Servicer under this Agreement or the Servicing Agreement.
Section
3.09 Standard
Hazard Insurance and Flood Insurance Policies.
(a) For
each
Mortgage Loan, the Master Servicer shall enforce any obligation of the Servicer
under the Servicing Agreement to maintain or cause to be maintained standard
fire and casualty insurance and, where applicable, flood insurance, all in
accordance with the provisions of the Servicing Agreement. It is understood
and
agreed that such insurance shall be with insurers meeting the eligibility
requirements set forth in the Servicing Agreement and that no earthquake
or
other additional insurance is to be required of any Mortgagor or to be
maintained on property acquired in respect of a defaulted loan, other than
pursuant to such applicable laws and regulations as shall at any time be
in
force and as shall require such additional insurance.
(b) Pursuant
to Section 4.01 and 4.02, any amounts collected by the Servicer or the Master
Servicer, or by the Servicer, under any insurance policies (other than amounts
to be applied to the restoration or repair of the property subject to the
related Mortgage or released to the Mortgagor in accordance with the Servicing
Agreement) shall be deposited into the Master Servicer Collection Account,
subject to withdrawal pursuant to Section 4.03. Any cost incurred by the
Master
Servicer or the Servicer in maintaining any such insurance if the Mortgagor
defaults in its obligation to do so shall be added to the amount owing under
the
Mortgage Loan where the terms of the Mortgage Loan so permit; provided, however,
that the addition of any such cost shall not be taken into account for purposes
of calculating the distributions to be made to Certificateholders and shall
be
recoverable by the Master Servicer or the Servicer pursuant to Section
4.03.
Section
3.10 Presentment
of Claims and Collection of Proceeds.
The
Master Servicer shall (to the extent provided in the Servicing Agreement)
cause
the Servicer to prepare and present on behalf of the Trustee and the
Certificateholders all claims under the Insurance Policies and take such
actions
(including the negotiation, settlement, compromise or enforcement of the
insured’s claim) as shall be necessary to realize recovery under such policies.
Any proceeds disbursed to the Master Servicer (or disbursed to the Servicer
and
remitted to the Master Servicer) in respect of such policies, bonds or contracts
shall be promptly deposited in the Master Servicer Collection Account upon
receipt, except that any amounts realized that are to be applied to the repair
or restoration of the related Mortgaged Property, which repair or restoration
the owner of such Mortgaged Property or EMC, as applicable, has agreed to
make
as a condition precedent to the presentation of claims on the related Mortgage
Loan to the insurer under any applicable Insurance Policy need not be so
deposited (or remitted).
Section
3.11 Maintenance
of the Primary Mortgage Insurance Policies.
(a) The
Master Servicer shall not take, or authorize the Servicer (to the extent
such
action is prohibited under the Servicing Agreement) to take, any action that
would result in noncoverage under any applicable Primary Mortgage Insurance
Policy of any loss which, but for the actions of the Master Servicer or the
Servicer, would have been covered thereunder. The Master Servicer shall use
its
best reasonable efforts to cause the Servicer (to the extent required under
the
Servicing Agreement) to keep in force and effect (to the extent that the
Mortgage Loan requires the Mortgagor to maintain such insurance), primary
mortgage insurance applicable to each Mortgage Loan in accordance with the
provisions of this Agreement and the Servicing Agreement, as applicable.
The
Master Servicer shall not, and shall not authorize the Servicer (to the extent
required under the Servicing Agreement) to, cancel or refuse to renew any
such
Primary Mortgage Insurance Policy that is in effect at the date of the initial
issuance of the Mortgage Note and is required to be kept in force hereunder
except in accordance with the provisions of this Agreement and the Servicing
Agreement, as applicable.
(b) The
Master Servicer agrees to present, or to cause the Servicer (to the extent
required under the Servicing Agreement) to present, on behalf of the Trustee
and
the Certificateholders, claims to the insurer under any Primary Mortgage
Insurance Policies and, in this regard, to take such reasonable action as
shall
be necessary to permit recovery under any Primary Mortgage Insurance Policies
respecting defaulted Mortgage Loans. Pursuant to Section 4.01 and 4.04, any
amounts collected by the Master Servicer or the Servicer under any Primary
Mortgage Insurance Policies shall be deposited in the Master Servicer Collection
Account, subject to withdrawal pursuant to Sections 4.03.
Section
3.12 Trustee
to Retain Possession of Certain Insurance Policies and Documents.
The
Trustee (or the Custodian, on behalf of the Trustee), shall retain possession
and custody of the originals (to the extent available) of any Primary Mortgage
Insurance Policies, or certificate of insurance if applicable, and any
certificates of renewal as to the foregoing as may be issued from time to
time
as contemplated by this Agreement. Until all amounts distributable in respect
of
the Certificates have been distributed in full and the Master Servicer otherwise
has fulfilled its obligations under this Agreement, the Trustee (or its
Custodian, if any, on behalf of the Trustee) shall also retain possession
and
custody of each Mortgage File in accordance with and subject to the terms
and
conditions of this Agreement. The Master Servicer shall promptly deliver
or
cause to be delivered to the Trustee (or the Custodian, on behalf of the
Trustee), upon the execution or receipt thereof the originals of any Primary
Mortgage Insurance Policies, any certificates of renewal, and such other
documents or instruments that constitute portions of the Mortgage File that
come
into the possession of the Master Servicer from time to time.
Section
3.13 Realization
Upon Defaulted Mortgage Loans.
The
Master Servicer shall cause the Servicer (to the extent required under the
Servicing Agreement) to foreclose upon, repossess or otherwise comparably
convert the ownership of Mortgaged Properties securing such of the Mortgage
Loans as come into and continue in default and as to which no satisfactory
arrangements can be made for collection of delinquent payments, all in
accordance with the Servicing Agreement.
Section
3.14 Compensation
for the Master Servicer.
The
Master Servicer will be entitled to all income and gain realized from any
investment of funds in the Master Servicer Collection Account, for the
performance of its activities hereunder. The Master Servicer shall be required
to pay all expenses incurred by it in connection with its activities hereunder
and shall not be entitled to reimbursement therefor except as provided in
this
Agreement.
Section
3.15 REO
Property.
(a) In
the
event the Trust Fund acquires ownership of any REO Property in respect of
any
related Mortgage Loan, the deed or certificate of sale shall be issued to
the
Trustee, or to its nominee, on behalf of the related Certificateholders.
The
Master Servicer shall, to the extent provided in the Servicing Agreement,
cause
the applicable Servicer to sell any REO Property as expeditiously as possible
and in accordance with the provisions of this Agreement and the Servicing
Agreement, as applicable. Pursuant to its efforts to sell such REO Property,
the
Master Servicer shall cause the applicable Servicer to protect and conserve,
such REO Property in the manner and to the extent required by the Servicing
Agreement, in accordance with the REMIC Provisions and in a manner that does
not
result in a tax on “net income from foreclosure property” or cause such REO
Property to fail to qualify as “foreclosure property” within the meaning of
Section 860G(a)(8) of the Code.
(b) The
Master Servicer shall, to the extent required by the Servicing Agreement,
cause
the applicable Servicer to deposit all funds collected and received in
connection with the operation of any REO Property in the related Protected
Account.
(c) The
Master Servicer and the applicable Servicer, upon the final disposition of
any
REO Property, shall be entitled to reimbursement for any related unreimbursed
Monthly Advances and other unreimbursed advances as well as any unpaid Servicing
Fees from Liquidation Proceeds received in connection with the final disposition
of such REO Property; provided, that any such unreimbursed Monthly Advances
as
well as any unpaid Servicing Fees may be reimbursed or paid, as the case
may be,
prior to final disposition, out of any net rental income or other net amounts
derived from such REO Property.
(d) To
the
extent provided in the Servicing Agreement, the Liquidation Proceeds from
the
final disposition of the REO Property, net of any payment to the Master Servicer
and the applicable Servicer as provided above, subject to approval by the
Master
Servicer, shall be deposited in the related Protected Account on or prior
to the
Determination Date in the month following receipt thereof and be remitted
by
wire transfer in immediately available funds to the Master Servicer for deposit
into the Master Servicer Collection Account on the next succeeding Servicer
Remittance Date.
Section
3.16 Annual
Statement as to Compliance.
(a) The
Master Servicer and the Trustee shall deliver (or otherwise make available)
to
the Depositor and the Trustee not later than March 15th of each calendar
year
beginning in 2008, an Officer’s Certificate (an “Annual Statement of
Compliance”) stating, as to each signatory thereof, that (i) a review of the
activities of each such party during the preceding calendar year and of its
performance under this Agreement or other applicable servicing agreement
has
been made under such officer’s supervision and (ii) to the best of such
officer’s knowledge, based on such review, such party has fulfilled all of its
obligations under this Agreement or other applicable servicing agreement
in all
material respects throughout such year, or, if there has been a failure to
fulfill any such obligation in any material respect, specifying each such
failure known to such officer and the nature and status of the cure provisions
thereof. Such Annual Statement of Compliance shall contain no restrictions
or
limitations on its use. The Master Servicer shall enforce the obligations
of
each Servicer, to the extent set forth in the Servicing Agreement, to deliver
a
similar Annual Statement of Compliance by that Servicer to the Depositor
and the
Trustee as described above as and when required with respect to the Master
Servicer. In the event that certain servicing responsibilities with respect
to
any Mortgage Loan have been delegated by the Master Servicer, the Trustee
or the
Servicer to a subservicer or subcontractor, each such entity shall cause
such
subservicer or subcontractor (and with respect to the Servicer, the Master
Servicer shall enforce the obligation of the Servicer to the extent required
under the Servicing Agreement) to deliver a similar Annual Statement of
Compliance by such subservicer or subcontractor to the Depositor and the
Trustee
as described above as and when required with respect to the Master Servicer
or
the Servicer (as the case may be).
(b) Failure
of the Master Servicer to comply with this Section 3.16 (including with respect
to the timeframes required herein) shall be deemed an Event of Default, and
at
the written direction of the Depositor the Trustee shall, in addition to
whatever rights the Trustee may have under this Agreement and at law or equity
or to damages, including injunctive relief and specific performance, upon
notice
immediately terminate all of the rights and obligations of the Master Servicer
under this Agreement and in and to the Mortgage Loans and the proceeds thereof
without compensating the Master Servicer for the same (but subject to the
Master
Servicer’s rights to payment of any Master Servicing Compensation and
reimbursement of all amounts for which it is entitled to be reimbursed prior
to
the date of termination). Failure of the Trustee to comply with this Section
3.16 (including with respect to the timeframes required in this Section)
which
failure results in a failure to timely file the related Form 10-K, shall
be
deemed a default and the Trustee at the written direction of the Depositor
shall, in addition to whatever rights the Trustee may have under this Agreement
and at law or equity or to damages, including injunctive relief and specific
performance, upon notice immediately terminate all of the rights and obligations
of the Trustee under this Agreement and in and to the Mortgage Loans and
the
proceeds thereof without compensating the Trustee for the same. This paragraph
shall supersede any other provision in this Agreement or any other agreement
to
the contrary.
Section
3.17 Assessments
of Compliance and Attestation Reports.
Pursuant
to Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation
AB,
each of the Master Servicer, the Trustee and the Custodian (to the extent
set
forth in this Section) (each, an “Attesting Party”) shall
deliver (or otherwise make available)
to the
Master Servicer, the Trustee and the Depositor on or before March 15th of
each
calendar year beginning in 2008, a report regarding such Attesting Party’s
assessment of compliance (an “Assessment of Compliance”) with the Servicing
Criteria during the preceding calendar year. The Assessment of Compliance,
as
set forth in Regulation AB, must contain the following:
(a) A
statement by an authorized officer of such Attesting Party of its authority
and
responsibility for assessing compliance with the Servicing Criteria applicable
to the related Attesting Party;
(b) A
statement by an authorized officer that such Attesting Party used the Servicing
Criteria attached as Exhibit M hereto, and which will also be attached to
the
Assessment of Compliance, to assess compliance with the Servicing Criteria
applicable to the related Attesting Party;
(c) An
assessment by such officer of the related Attesting Party’s compliance with the
Servicing Criteria for the period consisting of the preceding calendar year,
including disclosure of any material instance of noncompliance with respect
thereto during such period, which assessment shall be based on the activities
such Attesting Party performs with respect to asset-backed securities
transactions taken as a whole involving the related Attesting Party, that are
backed by the same asset type as the Mortgage Loans;
(d) A
statement that a registered public accounting firm has issued an attestation
report on the related Attesting Party’s Assessment of Compliance for the period
consisting of the preceding calendar year; and
(e) A
statement as to which of the Servicing Criteria, if any, are not applicable
to
the related Attesting Party, which statement shall be based on the activities
such Attesting Party performs with respect to asset-backed securities
transactions taken as a whole involving such Attesting Party, that are backed
by
the same asset type as the Mortgage Loans.
Such
report at a minimum shall address each of the Servicing Criteria specified
on
Exhibit M hereto which are indicated as applicable to the related Attesting
Party.
On
or
before March 15th of each calendar year beginning in 2008, each Attesting
Party
shall furnish to the Master Servicer, the Depositor and the Trustee a report
(an
“Attestation Report”) by a registered public accounting firm that attests to,
and reports on, the Assessment of Compliance made by the related Attesting
Party, as required by Rules 13a-18 and 15d-18 of the Exchange Act and Item
1122(b) of Regulation AB, which Attestation Report must be made in accordance
with standards for attestation reports issued or adopted by the Public Company
Accounting Oversight Board.
The
Master Servicer shall enforce the obligation of the Servicer to deliver to
the
Master Servicer and the Depositor an Assessment of Compliance and Attestation
Report as and when provided in the Servicing Agreement. In addition, each
of the
Master Servicer and the Trustee shall cause, and the Master Servicer shall
enforce the obligation (as and when provided in the Servicing Agreement)
of the
Servicer to cause, any subservicer and each subcontractor (to the extent
such
subcontractor is determined by the Master Servicer or the Trustee, as
applicable, to be “participating in the servicing function” within the meaning
of Item 1122 of Regulation AB) that is engaged by the Servicer, Master Servicer
or Trustee, as applicable, to deliver to the Master Servicer and the Depositor
an Assessment of Compliance and Attestation Report as and when provided under
the term of the Servicing Agreement. Pursuant to the Servicing Agreement,
the
Servicer, or any subservicer and each subcontractor (to the extent such
subcontractor is determined by the Master Servicer to be “participating in the
servicing function” within the meaning of Item 1122 of Regulation AB) that is
engaged by the Servicer, is obligated to provide such Assessment of Compliance
and Attestation Report on the 1st
of March
and in no event later than the 15th
of March
each year that the related Mortgage Loans are serviced under the Servicing
Agreement. The Master Servicer shall deliver to the Trustee any such Assessment
of Compliance and Attestation Report received from the Servicer or
any
subservicer and each subcontractor (to the extent such subcontractor is
determined by the Master Servicer to be “participating in the servicing
function” within the meaning of Item 1122 of Regulation AB) that is engaged by
the Servicer, within
two business days of such receipt but in no event later than two Business
Days
following the 15th
day of
March for each year for which a Report on Form 10-K is required to be filed
with
respect to the Trust Fund. Such Assessment of Compliance, as to any subservicer
or subcontractor, shall at a minimum address the Servicing Criteria specified
on
Exhibit M hereto which are indicated as applicable to any “primary servicer” to
the extent such subservicer or subcontractor is performing any servicing
function for the party who engages it and to the extent such party is not
itself
addressing the Servicing Criteria related to such servicing function in its
own
Assessment of Compliance. The Trustee shall confirm that each of the Assessments
of Compliance delivered to it, taken as a whole, address all of the Servicing
Criteria and taken individually address the Servicing Criteria for each party
as
set forth in Exhibit M and notify the Depositor of any exceptions.
Notwithstanding the foregoing, as to any subcontractor, an Assessment of
Compliance and Attestation Report is not required to be delivered unless
it is
required as part of a Form 10-K with respect to the Trust Fund.
The
Custodian shall deliver to the Master Servicer, the Trustee and the Depositor
an
Assessment of Compliance and Attestation Report, as and when provided above,
which shall at a minimum address each of the Servicing Criteria specified
on
Exhibit M hereto which are indicated as applicable to a “custodian”.
Notwithstanding the foregoing, an Assessment of Compliance or Attestation
Report
is not required to be delivered by any Custodian unless it is required as
part
of a Form 10-K with respect to the Trust Fund.
Failure
of the Master Servicer to comply with this Section 3.17 (including with respect
to the timeframes required herein) shall, upon written notice from the Trustee
at the written direction of the Depositor, constitute an Event of Default,
and
at the written direction of the Depositor the Trustee shall, in addition
to
whatever rights the Trustee may have under this Agreement and at law or equity
or to damages, including injunctive relief and specific performance, upon
notice
immediately terminate all of the rights and obligations of the Master Servicer
under this Agreement and in and to the Mortgage Loans and the proceeds thereof
without compensating the Master Servicer for the same (but subject to the
Master
Servicer’s rights to payment of any Master Servicing compensation and
reimbursement of all amounts for which it is entitled to be reimbursed prior
to
the date of termination). Failure of the Trustee to comply with this Section
3.17 (including with respect to the timeframes required in this Section)
which
failure results in a failure to timely file the related Form 10-K, shall,
upon
written notice from the Trustee at the written direction of the Depositor,
constitute a default and the Trustee shall, in addition to whatever rights
the
Trustee may have under this Agreement and at law or equity or to damages,
including injunctive relief and specific performance, upon notice immediately
terminate all of the rights and obligations of the Trustee under this Agreement
and in and to the Mortgage Loans and the proceeds thereof without compensating
the Trustee for the same (but subject to the Trustee’s right to reimbursement of
all amounts for which it is entitled to be reimbursed prior to the date of
termination). This paragraph shall supersede any other provision in this
Agreement or any other agreement to the contrary.
Section
3.18 Reports
Filed with Securities and Exchange Commission.
(a) (i)
(A)
Within 15 days after each Distribution Date, the Trustee shall, in accordance
with industry standards, prepare and file with the Commission via the Electronic
Data Gathering and Retrieval System (“XXXXX”), a Distribution Report on Form
10-D, signed by the Master Servicer, with a copy of the Monthly Statement
to be
furnished by the Trustee to the Certificateholders for such Distribution
Date;
provided that, the Trustee shall have received no later than five (5) calendar
days after the related Distribution Date, all information required to be
provided to the Trustee as described in clause (a)(iv) below. Any disclosure
that is in addition to the Monthly Statement and that is required to be included
on Form 10-D (“Additional Form 10-D Disclosure”) shall be, pursuant to the
paragraph immediately below, reported by the parties set forth on Exhibit
N to
the Trustee and the Depositor and approved for inclusion by the Depositor,
and
the Trustee will have no duty or liability for any failure hereunder to
determine or prepare any Additional Form 10-D Disclosure absent such reporting
(other than in the case where the Trustee is the reporting party as set forth
in
Exhibit N) and approval.
(B)
Within five (5) calendar days after the related Distribution Date, (i) the
parties set forth in Exhibit N shall be required to provide, and the Master
Servicer shall enforce the obligations of the Servicer (to the extent provided
in the Servicing Agreement) to provide, pursuant to Section 3.18(a)(iv) below,
to the Trustee and the Depositor, to the extent known by a responsible officer
thereof, in XXXXX-compatible format, or in such other form as otherwise agreed
upon by the Trustee and the Depositor and such party, the form and substance
of
any Additional Form 10-D Disclosure, if applicable, and (ii) the Depositor
will
approve, as to form and substance, or disapprove, as the case may be, the
inclusion of the Additional Form 10-D Disclosure on Form 10-D. Subject to
the
foregoing, the Trustee has no duty under this Agreement to monitor or enforce
the performance by the other parties listed on Exhibit O of their duties
under
this paragraph or to proactively solicit or procure from such parties any
Additional Form 10-D Disclosure information. The Depositor shall be responsible
for any reasonable fees and expenses assessed or incurred by the Trustee
in
connection with including any Additional Form 10-D Disclosure on Form 10-D
pursuant to this Section.
(C)
After
preparing the Form 10-D, the Trustee shall forward electronically a copy
of the
Form 10-D to the Depositor (in the case of any Additional 10-D Disclosure
and
otherwise if requested by the Depositor) and the Master Servicer for review.
Within two Business Days after receipt of such copy, but no later than the
12th
calendar day after the Distribution Date (provided that, the Trustee forwards
a
copy of the Form 10-D no later than the 10th calendar after the Distribution
Date), the Depositor shall notify the Trustee in writing (which may be furnished
electronically) of any changes to or approval of such Form 10-D. In the absence
of receipt of any written changes or approval, the Trustee shall be entitled
to
assume that such Form 10-D is in final form and the Trustee may proceed with
obtaining the execution of and filing the Form 10-D. No later than the 13th
calendar day after the related Distribution Date, a duly authorized officer
of
the Master Servicer shall sign the Form 10-D and return an electronic or
fax
copy of such signed Form 10-D (with an original executed hard copy to follow
by
overnight mail) to the Trustee. If a Form 10-D cannot be filed on time or
if a
previously filed Form 10-D needs to be amended, the Trustee shall follow
the
procedures set forth in Section 3.18(a)(v)(B). Promptly (but no later than
one
(1) Business Day) after filing with the Commission, the Trustee shall make
available on its internet website identified in Section 6.04 a final executed
copy of each Form 10-D filed by the Trustee. The signing party for the Master
Servicer can be contacted as set forth in Section 12.07. Form 10-D requires
the
registrant to indicate (by checking “yes” or “no”) that it (1) has filed all
reports required to be filed by Section 13 or 15(d) of the Exchange Act during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. The Depositor shall notify the Trustee
in
writing, no later than the fifth calendar day after the related Distribution
Date with respect to the filing of a report on Form 10-D, if the answer to
the
questions should be “no”. The Trustee shall be entitled to rely on the
representations in Section 2.06(vii) and in any such notice in preparing,
executing and/or filing any such report. The parties to this Agreement
acknowledge that the performance by the Master Servicer and the Trustee of
their
respective duties under Sections 3.18(a)(i) and (v) related to the timely
preparation, execution and filing of Form 10-D is contingent upon such parties
strictly observing all applicable deadlines in the performance of their duties
under such Sections. Neither the Master Servicer nor the Trustee shall have
any
liability for any loss, expense, damage, claim arising out of or with respect
to
any failure to properly prepare, execute and/or timely file such Form 10-D,
where such failure results from a party’s failure to deliver, on a timely basis,
any information from such party needed to prepare, arrange for execution
or file
such Form 10-D, not resulting from its own negligence, bad faith or willful
misconduct.
(ii)
(A)
Within four (4) Business Days after the occurrence of an event requiring
disclosure on Form 8-K (each such event, a “Reportable Event”), the Trustee
shall prepare and file, at the direction of the Depositor, on behalf of the
Trust, any Form 8-K, as required by the Exchange Act; provided that, the
Depositor shall file the initial Form 8-K in connection with the issuance
of the
Certificates. Any disclosure or information related to a Reportable Event
or
that is otherwise required to be included on Form 8-K (“Form 8-K Disclosure
Information”) shall be, pursuant to the paragraph immediately below, reported by
the parties set forth on Exhibit N to the Trustee and the Depositor and approved
for inclusion by the Depositor, and the Trustee will have no duty or liability
for any failure hereunder to determine or prepare any Form 8-K Disclosure
Information absent such reporting (other than in the case where the Trustee
is
the reporting party as set forth in Exhibit N) and approval.
(B)
For
so long as the Trust is subject to the Exchange Act reporting requirements,
no
later than the close of business on the 2nd Business Day after the occurrence
of
a Reportable Event (i) the parties set forth in Exhibit N shall be required
pursuant to Section 3.18(a)(iv) below to provide, and the Master Servicer
will
enforce the obligations of the Servicer (to the extent provided in the Servicing
Agreement) to provide, to the Trustee and the Depositor, to the extent known
by
a responsible officer thereof, in XXXXX-compatible format, or in such other
form
as otherwise agreed upon by the Trustee and the Depositor and such party,
the
form and substance of any Form 8-K Disclosure Information, if applicable,
and
(ii) the Depositor shall approve, as to form and substance, or disapprove,
as
the case may be, the inclusion of the Form 8-K Disclosure Information on
Form
8-K. The Depositor shall be responsible for any reasonable fees and expenses
assessed or incurred by the Trustee in connection with including any Form
8-K
Disclosure Information on Form 8-K pursuant to this Section.
(C)
After
preparing the Form 8-K, the Trustee shall forward electronically a copy of
the
Form 8-K to the Depositor and the Master Servicer for review. No later than
the
close of business New York City time on the 3rd Business Day after the
Reportable Event, a duly authorized officer of the Master Servicer shall
sign
the Form 8-K and return an electronic or fax copy of such signed Form 8-K
(with
an original executed hard copy to follow by overnight mail) to the Trustee.
Promptly, but no later than the close of business on the 3rd Business Day
after
the Reportable Event (provided that, the Trustee forwards a copy of the Form
8-K
no later than noon New York time on the third Business Day after the Reportable
Event), the Depositor shall notify the Trustee in writing (which may be
furnished electronically) of any changes to or approval of such Form 8-K.
In the
absence of receipt of any written changes or approval, the Trustee shall
be
entitled to assume that such Form 8-K is in final form and the Trustee may
proceed with obtaining the execution of and filing the Form 8-K. If a Form
8-K
cannot be filed on time or if a previously filed Form 8-K needs to be amended,
the Trustee shall follow the procedures set forth in Section 3.18(a)(v)(B).
Promptly (but no later than one (1) Business Day) after filing with the
Commission, the Trustee shall, make available on its internet website a final
executed copy of each Form 8-K filed by the Trustee. The signing party at
the
Master Servicer can be contacted as set forth in Section 12.07. The parties
to
this Agreement acknowledge that the performance by Master Servicer and the
Trustee of their respective duties under this Section 3.18(a)(ii) related
to the
timely preparation, execution and filing of Form 8-K is contingent upon such
parties strictly observing all applicable deadlines in the performance of
their
duties under this Section 3.18(a)(ii). Neither the Master Servicer nor the
Trustee shall have any liability for any loss, expense, damage, claim arising
out of or with respect to any failure to properly prepare, execute and/or
timely
file such Form 8-K, where such failure results from a party’s failure to deliver
on a timely basis, any information from such party hereto needed to prepare,
arrange for execution or file such Form 8-K, not resulting from its own
negligence, bad faith or willful misconduct.
(iii)
(A)
Within 90 days after the end of each fiscal year of the Trust or such earlier
date as may be required by the Exchange Act (the “10-K Filing Deadline”) (it
being understood that the fiscal year for the Trust ends on December 31st
of
each year), commencing in March 2008, the Trustee shall prepare and file
on
behalf of the Trust a Form 10-K, in form and substance as required by the
Exchange Act. Each such Form 10-K shall include the following items, in each
case to the extent they have been delivered to the Trustee within the applicable
timeframes set forth in this Agreement, (I) an annual compliance statement
for
the Servicer, the Master Servicer, the Trustee and any subservicer or
subcontractor, as applicable, as described under Section 3.16, (II)(A) the
annual reports on assessment of compliance with Servicing Criteria for the
Master Servicer, the Servicer, each subservicer and subcontractor participating
in the servicing function, the Trustee and the Custodian, as described under
Section 3.17, and (B) if any such report on assessment of compliance with
Servicing Criteria described under Section 3.17 identifies any material instance
of noncompliance, disclosure identifying such instance of noncompliance,
or if
any such report on assessment of compliance with Servicing Criteria described
under Section 3.17 is not included as an exhibit to such Form 10-K, disclosure
that such report is not included and an explanation why such report is not
included, (III)(A) the registered public accounting firm attestation report
for
the Master Servicer, the Servicer, the Trustee, each subservicer, each
subcontractor, as applicable, and the Custodian, as described under Section
3.17, and (B) if any registered public accounting firm attestation report
described under Section 3.17 identifies any material instance of noncompliance,
disclosure identifying such instance of noncompliance, or if any such registered
public accounting firm attestation report is not included as an exhibit to
such
Form 10-K, disclosure that such report is not included and an explanation
why
such report is not included, and (IV) a Xxxxxxxx-Xxxxx Certification as
described in Section 3.18 (a)(iii)(D) below (provided, however, that the
Trustee, at its discretion, may omit from the Form 10-K any annual compliance
statement, assessment of compliance or attestation report that is not required
to be filed with such Form 10-K pursuant to Regulation AB). Any disclosure
or
information in addition to (I) through (IV) above that is required to be
included on Form 10-K (“Additional Form 10-K Disclosure”) shall be, pursuant to
the paragraph immediately below, reported by the parties set forth on Exhibit
N
to the Trustee and the Depositor and approved for inclusion by the Depositor,
and the Trustee will have no duty or liability for any failure hereunder
to
determine or prepare any Additional Form 10-K Disclosure absent such reporting
(other than in the case where the Trustee is the reporting party as set forth
in
Exhibit N) and approval.
(B)
No
later than March 15th of each year that the Trust is subject to the Exchange
Act
reporting requirements, commencing in 2008, (i) the parties set forth in
Exhibit
N shall be required to provide, and the Master Servicer shall enforce the
obligations of the Servicer (to the extent provided in the Servicing Agreement)
to provide, pursuant to Section 3.18(a)(iv) below to the Trustee and the
Depositor, to the extent known by a responsible officer thereof, in
XXXXX-compatible format, or in such other form as otherwise agreed upon by
the
Trustee and the Depositor and such party, the form and substance of any
Additional Form 10-K Disclosure, if applicable, and (ii) the Depositor will
approve, as to form and substance, or disapprove, as the case may be, the
inclusion of the Additional Form 10-K Disclosure on Form 10-K. The Depositor
shall be responsible for any reasonable fees and expenses assessed or incurred
by the Trustee in connection with including any Additional Form 10-K Disclosure
on Form 10-K pursuant to this Section.
(C)
After
preparing the Form 10-K, the Trustee shall forward electronically a copy
of the
Form 10-K to the Depositor (only in the case where such Form 10-K includes
Additional Form 10-K Disclosure and otherwise if requested by the Depositor)
and
the Master Servicer for review. Within three Business Days after receipt
of such
copy, but no later than March 25th (provided that, the Trustee forwards a
copy
of the Form 10-K no later than the third Business Day prior to March 25th),
the
Depositor shall notify the Trustee in writing (which may be furnished
electronically) of any changes to or approval of such Form 10-K. In the absence
of receipt of any written changes or approval, the Trustee shall be entitled
to
assume that such Form 10-K is in final form and the Trustee may proceed with
obtaining the execution of and filing the Form 10-K. No later than the close
of
business Eastern Standard time on the 4th Business Day prior to the 10-K
Filing
Deadline, an officer of the Master Servicer in charge of the master servicing
function shall sign the Form 10-K and return an electronic or fax copy of
such
signed Form 10-K (with an original executed hard copy to follow by overnight
mail) to the Trustee. If a Form 10-K cannot be filed on time or if a previously
filed Form 10-K needs to be amended, the Trustee will follow the procedures
set
forth in Section 3.18(a)(v)(B). Promptly (but no later than one (1) Business
Day) after filing with the Commission, the Trustee shall make available on
its
internet website a final executed copy of each Form 10-K filed by the Trustee.
The signing party for the Master Servicer can be contacted as set forth in
Section 12.07. Form 10-K requires the registrant to indicate (by checking
“yes”
or “no”) that it (1) has filed all reports required to be filed by Section 13 or
15(d) of the Exchange Act during the preceding 12 months (or for such shorter
period that the registrant was required to file such reports), and (2) has
been
subject to such filing requirements for the past 90 days. The Depositor shall
notify the Trustee in writing, no later than March 15th
of each
year in which the Trust is subject to the requirements of the Exchange Act
with
respect to the filing of a report on Form 10-K, if the answer to the questions
should be “no”. The Trustee shall be entitled to rely on the representations in
Section 2.06(vii) and in any such notice in preparing, executing and/or filing
any such report. The parties to this Agreement acknowledge that the performance
by the Master Servicer and the Trustee of their respective duties under Sections
3.18(a)(iv) and (v) related to the timely preparation, execution and filing
of
Form 10-K is contingent upon such parties strictly observing all applicable
deadlines in the performance of their duties under such Sections and Sections
3.16 and Section 3.17. Neither the Master Servicer nor the Trustee shall
have
any liability for any loss, expense, damage, claim arising out of or with
respect to any failure to properly prepare, execute and/or timely file such
Form
10-K, where such failure results from the Master Servicer’s or the Trustee’s
inability or failure to receive, on a timely basis, any information from
any
other party hereto needed to prepare, arrange for execution or file such
Form
10-K, not resulting from its own negligence, bad faith or willful misconduct.
(D)
Each
Form 10-K shall include a certification (the “Xxxxxxxx-Xxxxx Certification”)
required to be included therewith pursuant to the Xxxxxxxx-Xxxxx Act which
shall
be signed by the Certifying Person and delivered to the Trustee no later
than
March 15th of each year in which the Trust is subject to the reporting
requirements of the Exchange Act. The Master Servicer shall cause the Servicer,
and any subservicer or subcontractor engaged by it to provide to the Person
who
signs the Xxxxxxxx-Xxxxx Certification (the “Certifying Person”), by March 10th
of each year in which the Trust is subject to the reporting requirements
of the
Exchange Act (or such other date specified in the Servicing Agreement) and
otherwise within a reasonable period of time upon request, a certification
(each, a “Back-Up Certification”), in the form attached hereto as Exhibit L,
upon which the Certifying Person, the entity for which the Certifying Person
acts as an officer, and such entity’s officers, directors and Affiliates
(collectively with the Certifying Person, “Certification Parties”) can
reasonably rely. In addition, the Trustee shall sign a Back-Up Certification
substantially in the form of Exhibit L; provided, however, that the Trustee
shall not be required to undertake an analysis of any accountant’s report
attached as an exhibit to the Form 10-K. An officer of the Master Servicer
in
charge of the master servicing function shall serve as the Certifying Person
on
behalf of the Trust. Such officer of the Certifying Person can be contacted
as
set forth in Section 12.07.
(iv)
With
respect to any Additional Form 10-D Disclosure, Additional Form 10-K Disclosure
or any Form 8-K Disclosure Information (collectively, the “Additional
Disclosure”) relating to the Trust Fund, the Trustee’s obligation to include
such Additional Information in the applicable Exchange Act report is subject
to
receipt from the entity that is indicated in Exhibit N as the responsible
party
for providing that information, if other than the Trustee, as and when required
as described in Section 3.18(a)(i) through (iii) above. Such Additional
Disclosure shall be accompanied by a notice substantially in the form of
Exhibit
O. Each of the Master Servicer, the Seller, the Trustee and the Depositor
hereby
agrees to notify and provide, and the Master Servicer agrees to enforce the
obligations (to the extent provided in the Servicing Agreement) of the Servicer
to notify and provide, to the extent known to the Master Servicer, the Seller,
the Trustee and the Depositor all Additional Disclosure relating to the Trust
Fund, with respect to which such party is indicated in Exhibit N as the
responsible party for providing that information. The Depositor shall be
responsible for any reasonable fees and expenses assessed or incurred by
the
Trustee in connection with including any Additional Disclosure information
pursuant to this Section.
So
long
as the Depositor is subject to the filing requirements of the Exchange Act
with
respect to the Trust Fund, the Trustee shall notify the Trustee and the
Depositor of any bankruptcy or receivership with respect to the Trustee or
of
any proceedings of the type described under Item 1117 of Regulation AB that
have
occurred as of the related Due Period, together with a description thereof,
no
later than the date on which such information is required of other parties
hereto as set forth under this Section 3.18. In addition, the Trustee shall
notify the Trustee and the Depositor of any affiliations or relationships
that
develop after the Closing Date between the Trustee and the Depositor, the
Seller, the Trustee, the Master Servicer or the Custodian of the type described
under Item 1119 of Regulation AB, together with a description thereof, no
later
than March 15 of each year that the Trust is subject to the Exchange Act
reporting requirements, commencing in 2008. Should the identification of
any of
the Depositor, the Seller, the Trustee, the Master Servicer or the Custodian
change, the Depositor shall promptly notify the Trustee in writing.
(v)
(A)
On or prior to January 30th of the first year in which the Trustee is able
to do
so under applicable law, the Trustee shall prepare and file a Form 15 relating
to the automatic suspension of reporting in respect of the Trust under the
Exchange Act.
(B)
In
the event that the Trustee is unable to timely file with the Commission all
or
any required portion of any Form 8-K, 10-D or 10-K required to be filed by
this
Agreement because required disclosure information was either not delivered
to it
or delivered to it after the delivery deadlines set forth in this Agreement
or
for any other reason, the Trustee shall promptly notify the Depositor and
the
Master Servicer. In the case of Form 10-D and 10-K, the Depositor, the Master
Servicer and the Trustee shall cooperate to prepare and file a Form 12b-25
and a
10-DA and 10-KA as applicable, pursuant to Rule 12b-25 of the Exchange Act.
In
the case of Form 8-K, the Trustee will, upon receipt of all required Form
8-K
Disclosure Information and upon the approval and direction of the Depositor,
include such disclosure information on the next Form 10-D. In the event that
any
previously filed Form 8-K, 10-D or 10-K needs to be amended, and such amendment
relates to any Additional Disclosure, the Trustee shall notify the Depositor
and
the parties affected thereby and such parties will cooperate to prepare any
necessary Form 8-K, 10-DA or 10-KA. Any Form 15, Form 12b-25 or any amendment
to
Form 8-K, 10-D or 10-K shall be signed by an appropriate officer of the Master
Servicer. The parties hereto acknowledge that the performance by the Master
Servicer and the Trustee of their respective duties under this Section
3.18(a)(v) related to the timely preparation, execution and filing of Form
15, a
Form 12b-25 or any amendment to Form 8-K, 10-D or 10-K is contingent upon
the
Master Servicer and the Depositor timely performing their duties under this
Section. Neither the Master Servicer nor the Trustee shall have any liability
for any loss, expense, damage or claim arising out of or with respect to
any
failure to properly prepare, execute and/or timely file any such Form 15,
Form
12b-25 or any amendments to Form 8-K, 10-D or 10-K, where such failure results
from a party’s failure to deliver on a timely basis, any information from such
party needed to prepare, arrange for execution or file such Form 15, Form
12b-25
or any amendments to Form 8-K, 10-D or 10-K, not resulting from its own
negligence, bad faith or willful misconduct.
The
Depositor agrees to promptly furnish to the Trustee, from time to time upon
request, such further information, reports and financial statements within
its
control related to this Agreement, the Mortgage Loans as the Trustee reasonably
deems appropriate to prepare and file all necessary reports with the Commission.
The Trustee shall have no responsibility to file any items other than those
specified in this Section 3.18; provided, however, the Trustee shall cooperate
with the Depositor in connection with any additional filings with respect
to the
Trust Fund as the Depositor deems necessary under the Exchange Act. Fees
and
expenses incurred by the Trustee in connection with this Section 3.18 shall
not
be reimbursable from the Trust Fund.
(b) The
Trustee shall indemnify and hold harmless the Depositor and the Master Servicer
and each of its officers, directors and affiliates from and against any losses,
damages, penalties, fines, forfeitures, reasonable and necessary legal fees
and
related costs, judgments and other costs and expenses arising out of or based
upon a breach of the Trustee’s obligations under Sections 3.16, 3.17 and 3.18 or
the Trustee’s negligence, bad faith or willful misconduct in connection
therewith. In addition, the Trustee shall indemnify and hold harmless the
Depositor and the Master Servicer and each of their respective officers,
directors and affiliates from and against any losses, damages, penalties,
fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in any
Back-Up Certification, any Annual Statement of Compliance, any Assessment
of
Compliance or any Additional Disclosure provided by the Trustee on its behalf
or
on behalf of any subservicer or subcontractor engaged by the Trustee pursuant
to
Section 3.16, 3.17 or 3.18 (the “Trustee Information”), or (ii) any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances
in
which they were made, not misleading; provided, by way of clarification,
that
this paragraph shall be construed solely by reference to the Trustee Information
and not to any other information communicated in connection with the
Certificates, without regard to whether the Trustee Information or any portion
thereof is presented together with or separately from such other
information.
The
Depositor shall indemnify and hold harmless the Trustee and the Master Servicer
and each of its officers, directors and affiliates from and against any losses,
damages, penalties, fines, forfeitures, reasonable and necessary legal fees
and
related costs, judgments and other costs and expenses arising out of or based
upon a breach of the obligations of the Depositor under Sections 3.16, 3.17
and
3.18 or the Depositor’s negligence, bad faith or willful misconduct in
connection therewith. In addition, the Depositor shall indemnify and hold
harmless the Master Servicer, the Trustee and each of their respective officers,
directors and affiliates from and against any losses, damages, penalties,
fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in any
Additional Disclosure provided by the Depositor that is required to be filed
pursuant to this Section 3.18 (the “Depositor Information”), or (ii) any
omission or alleged omission to state therein a material fact required to
be
stated therein or necessary to make the statements therein, in light of the
circumstances in which they were made, not misleading; provided, by way of
clarification, that this paragraph shall be construed solely by reference
to the
Depositor Information that is required to be filed and not to any other
information communicated in connection with the Certificates, without regard
to
whether the Depositor Information or any portion thereof is presented together
with or separately from such other information.
The
Master Servicer shall indemnify and hold harmless the Trustee and the Depositor
and each of its respective officers, directors and affiliates from and against
any losses, damages, penalties, fines, forfeitures, reasonable and necessary
legal fees and related costs, judgments and other costs and expenses arising
out
of or based upon a breach of the obligations of the Master Servicer under
Sections 3.16, 3.17 and 3.18 or the Master Servicer’s negligence, bad faith or
willful misconduct in connection therewith. In addition, the Master Servicer
shall indemnify and hold harmless the Depositor and each of its officers,
directors and affiliates from and against any losses, damages, penalties,
fines,
forfeitures, reasonable and necessary legal fees and related costs, judgments
and other costs and expenses arising out of or based upon (i) any untrue
statement or alleged untrue statement of any material fact contained in any
Annual Statement of Compliance, any Assessment of Compliance or any Additional
Disclosure provided by the Master Servicer on its behalf or on behalf of
any
subservicer or subcontractor engaged by the Master Servicer pursuant to Section
3.16, 3.17 or 3.18 (the “Master Servicer Information”), or (ii) any omission or
alleged omission to state therein a material fact required to be stated therein
or necessary to make the statements therein, in light of the circumstances
in
which they were made, not misleading; provided, by way of clarification,
that
this paragraph shall be construed solely by reference to the Master Servicer
Information and not to any other information communicated in connection with
the
Certificates, without regard to whether the Master Servicer Information or
any
portion thereof is presented together with or separately from such other
information.
If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless the Depositor, the Trustee or the Master Servicer, as applicable,
then
the defaulting party, in connection with any conduct for which it is providing
indemnification under this Section 3.18(b), agrees that it shall contribute
to
the amount paid or payable by the other parties as a result of the losses,
claims, damages or liabilities of the other party in such proportion as is
appropriate to reflect the relative fault and the relative benefit of the
respective parties.
The
indemnification provisions set forth in this Section 3.18(b) shall survive
the
termination of this Agreement or the termination of any party to this
Agreement.
(c) Failure
of the Master Servicer to comply with this Section 3.18 (including with respect
to the timeframes required herein) shall, upon written notice from the Trustee
at the written direction of the Depositor, constitute an Event of Default,
and
the Trustee shall, in addition to whatever rights the Trustee may have under
this Agreement and at law or equity or to damages, including injunctive relief
and specific performance, upon notice immediately terminate all of the rights
and obligations of the Master Servicer under this Agreement and in and to
the
Mortgage Loans and the proceeds thereof without compensating the Master Servicer
for the same (but subject to the Master Servicer’s rights to payment of any
Master Servicing compensation and reimbursement of all amounts for which
it is
entitled to be reimbursed prior to the date of termination). Failure of the
Trustee to comply with this Section 3.18 (including with respect to the
timeframes required in this Section) which failure results in a failure to
timely file the related Form 10-K, shall, upon written notice from the Trustee
at the written direction of the Depositor, constitute a default and the Trustee
at the written direction of the Depositor shall, in addition to whatever
rights
the Trustee may have under this Agreement and at law or equity or to damages,
including injunctive relief and specific performance, upon notice immediately
terminate all of the rights and obligations of the Trustee under this Agreement
and in and to the Mortgage Loans and the proceeds thereof without compensating
the Trustee for the same (but subject to the Trustee’s right to reimbursement of
all amounts for which it is entitled to be reimbursed prior to the date of
termination). This paragraph shall supersede any other provision in this
Agreement or any other agreement to the contrary. In connection with the
termination of the Master Servicer or the Trustee pursuant to this Section
3.18(c), the Trustee shall be entitled to reimbursement of all costs and
expenses associated with such termination to the extent set forth in Section
9.05. Notwithstanding anything to the contrary in this Agreement, no Event
of
Default by the Master Servicer or default by the Trustee shall have occurred
with respect to any failure to properly prepare, execute and/or timely file
any
report on Form 8-K, Form 10-D or Form 10-K, any Form 15 or Form 12b-25 or
any
amendments to Form 8-K, 10-D or 10-K, where such failure results from the
Master
Servicer’s or the Trustee’s inability or failure to receive, on a timely basis,
any information from any other party hereto needed to prepare, arrange for
execution or file any such report, Form or amendment, and does not result
from
its own negligence, bad faith or willful misconduct.
(d) Notwithstanding
the provisions of Section 12.02, this Section 3.18 may be amended without
the
consent of the Certificateholders.
(e) Any
report, notice or notification to be delivered by the Master Servicer or
the
Trustee to the Depositor pursuant to this Section 3.18, may be delivered
via
email to XxxXXXxxxxxxxxxxxx@xxxx.xxx or, in the case of a notification,
telephonically by calling Reg AB Compliance Manager at
000-000-0000.
Section
3.19 UCC.
The
Depositor shall file any financing statements or amendments thereto required
by
any change in the Uniform Commercial Code.
Section
3.20 Optional
Purchase of Defaulted Mortgage Loans.
(a) With
respect to any Mortgage Loan which as of the first day of a Fiscal Quarter
is
Delinquent in payment by 90 days or more or is an REO Property, the Seller
shall
have the right to purchase such Mortgage Loan from the Trust at a price equal
to
the Purchase Price; provided however (i) that such Mortgage Loan is still
90
days or more Delinquent or is an REO Property as of the date of such purchase
and (ii) this purchase option, if not theretofore exercised, shall terminate
on
the date prior to the last day of the related Fiscal Quarter. This purchase
option, if not exercised, shall not be thereafter reinstated unless the
delinquency is cured and the Mortgage Loan thereafter again becomes 90 days
or
more Delinquent or becomes an REO Property, in which case the option shall
again
become exercisable as of the first day of the related Fiscal Quarter. This
right
may be assigned by the Seller to a third party, including a holder of a Class
of
Certificates.
(b) In
addition, EMC shall, at its option, purchase any Mortgage Loan from the
Trust for which the first Scheduled Payment due to the Trust after the
Closing Date becomes thirty (30) days past due; provided however, such
Mortgage Loan was purchased by EMC or one of its affiliates from a seller
pursuant to a loan purchase agreement that obligated such seller to repurchase
such Mortgage Loan if one or more Scheduled Payments becomes 30 or more days
delinquent (and such seller has agreed to repurchase such Mortgage
Loan); provided, further, that such optional purchase shall be exercised
no
later than the 270th day after such Mortgage Loan is subject to such
seller's repurchase obligation. Such purchase shall be made at a price equal
to
the Purchase Price.
(c) If
at any
time EMC remits to the Master Servicer a payment for deposit in the Master
Servicer Collection Account covering the amount of the Purchase Price for
any
Mortgage Loan purchased pursuant to clause (a), and EMC provides to the Trustee
a certification signed by a Servicing Officer stating that the amount of
such
payment has been deposited in the Master Servicer Collection Account, then
the
Trustee shall execute the assignment of such Mortgage Loan prepared and
delivered to the Trustee, at the request of EMC, without recourse,
representation or warranty, to EMC which shall succeed to all of the Trustee’s
right, title and interest in and to such Mortgage Loan, and all security
and
documents relative thereto. Such assignment shall be an assignment outright
and
not for security. EMC will thereupon own such Mortgage, and all such security
and documents, free of any further obligation to the Trustee or the
Certificateholders with respect thereto.
Section
3.21 Intention
of the Parties and Interpretation.
Each
of
the parties acknowledges and agrees that the purpose of Sections 3.16, 3.17
and
3.18 of this Agreement is to facilitate compliance by the Seller, the Depositor,
the Trustee and the Master Servicer with the provisions of Regulation AB.
Therefore, each of the parties agrees that (a) the obligations of the parties
hereunder shall be interpreted in such a manner as to accomplish that purpose,
(b) the parties’ obligations hereunder will be supplemented and modified as
necessary to be consistent with any such amendments, interpretive advice
or
guidance, convention or consensus among active participants in the asset-backed
securities markets, advice of counsel, or otherwise in respect of the
requirements of Regulation AB, (c) the parties shall comply with reasonable
requests made by the Seller, the Depositor, the Master Servicer or the Trustee
for delivery of additional or different information as the Seller, the
Depositor, the Master Servicer or the Trustee may determine in good faith
is
necessary to comply with the provisions of Regulation AB, and (d) no amendment
of this Agreement shall be required to effect any such changes in the
obligations of the parties to this transaction as are necessary to accommodate
evolving interpretations of the provisions of Regulation AB.
ARTICLE
IV
ACCOUNTS
Section
4.01 Protected
Accounts.
(a) The
Master Servicer shall enforce the obligation of the Servicer to establish
and
maintain a Protected Account in accordance with the Servicing Agreement,
with
records to be kept with respect thereto on a Mortgage Loan by Mortgage Loan
basis, into which accounts shall be deposited within 48 hours (or as of such
other time specified in the Servicing Agreement) of receipt, all collections
of
principal and interest on any Mortgage Loan and any REO Property received
by the
Servicer, including Principal Prepayments, Insurance Proceeds, Liquidation
Proceeds, and advances made from the Servicer’s own funds (less servicing
compensation as permitted by the Servicing Agreement in the case of the
Servicer) and all other amounts to be deposited in the Protected Account.
The
Servicer is hereby authorized to make withdrawals from and deposits to the
related Protected Account for purposes required or permitted by this Agreement
and the Servicing Agreement. To
the
extent provided in the Servicing Agreement, the Protected Account shall be
held
by a Designated Depository Institution and segregated on the books of such
institution in the name of the Trustee for the benefit of
Certificateholders.
(b) To
the
extent provided in the Servicing Agreement, amounts on deposit in a Protected
Account may be invested in Permitted Investments in the name of the Trustee
for
the benefit of Certificateholders and, except as provided in the preceding
paragraph, not commingled with any other funds. Such Permitted Investments
shall
mature, or shall be subject to redemption or withdrawal, no later than the
date
on which such funds are required to be withdrawn for deposit in the Distribution
Account, and shall be held until required for such deposit. The income earned
from Permitted Investments made pursuant to this Section 4.01 shall be paid
to
the Servicer under the Servicing Agreement, and the risk of loss of moneys
required to be distributed to the Certificateholders resulting from such
investments shall be borne by and be the risk of the Servicer. The related
Servicer (to the extent provided in the Servicing Agreement) shall deposit
the
amount of any such loss in the Protected Account within two Business Days
of
receipt of notification of such loss but not later than the second Business
Day
prior to the Distribution Date on which the moneys so invested are required
to
be distributed to the Certificateholders.
(c) To
the
extent provided in the Servicing Agreement and subject to this Article IV,
on or
before the Servicer Remittance Date, the Servicer shall withdraw or shall
cause
to be withdrawn from its Protected Accounts and shall immediately deposit
or
cause to be deposited in the Master Servicer Collection Account amounts
representing the following collections and payments (other than with respect
to
principal of or interest on the Mortgage Loans due on or before the Cut-off
Date) with respect to each Loan Group:
(i) Scheduled
Payments on the Mortgage Loans received or any related portion thereof advanced
by the Servicer pursuant to its Servicing Agreement which were due on or
before
the related Due Date, net of the amount thereof comprising its Servicing
Fee or
any fees with respect to any lender-paid primary mortgage insurance
policy;
(ii) Full
Principal Prepayments
and any
Liquidation Proceeds received by the Servicer with respect to the Mortgage
Loans
in the related Prepayment Period, with interest to the date of prepayment
or
liquidation, net of the amount thereof comprising its Servicing
Fee;
(iii) Partial
Principal Prepayments received by the Servicer for the Mortgage Loans in
the
related Prepayment Period; and
(iv) Any
amount to be used as a Monthly Advance or any Compensating Interest
Payments.
(d) Withdrawals
may be made from an Account only to make remittances or reimbursements as
provided in Section 4.01(c), 4.03, 4.04 and 4.05; to reimburse the Master
Servicer or the Servicer for Monthly Advances which have been recovered by
subsequent collections from the related Mortgagor; to remove amounts deposited
in error; to remove fees, charges or other such amounts deposited on a temporary
basis; or to clear and terminate the account at the termination of this
Agreement in accordance with Section 10.01. As provided in Sections 4.01(a)
and
4.03 certain amounts otherwise due to the Servicer may be retained by them
and
need not be deposited in the Master Servicer Collection Account.
Section
4.02 Master
Servicer Collection Account.
The
Master Servicer shall establish and maintain in the name of the Trustee,
for the
benefit of the Holders of the Certificates, the Master Servicer Collection
Account as a segregated trust account or accounts. The Master Servicer
Collection Account shall be an Eligible Account. The Master Servicer will
deposit in the Master Servicer Collection Account as identified by the Master
Servicer and as received by the Master Servicer, the following
amounts:
(i) any
amounts withdrawn from a Protected Account;
(ii) any
Advance and any Compensating Interest Payments;
(iii) any
Insurance Proceeds, Liquidation Proceeds or Subsequent Recoveries received
by or
on behalf of the Master Servicer which were not deposited in a Protected
Account;
(iv) The
Purchase Price with respect to any Mortgage Loans purchased by the Seller
pursuant to the Mortgage Loan Purchase Agreement or Sections 2.02 or 2.03
hereof, any amounts which are to be treated pursuant to Section 2.04 of this
Agreement as the payment of a Purchase Price in connection with the tender
of a
Substitute Mortgage Loan by the Seller, the Purchase Price with respect to
any
Mortgage Loans purchased by EMC pursuant to Section 3.20, and all proceeds
of
any Mortgage Loans or property acquired with respect thereto repurchased
by the
Depositor or its designee pursuant to Section 10.01;
(v) any
amounts required to be deposited with respect to losses on investments of
deposits in an Account; and
(vi) any
other
amounts received by or on behalf of the Master Servicer or the Trustee and
required to be deposited in the Master Servicer Collection Account pursuant
to
this Agreement.
All
amounts deposited to the Master Servicer Collection Account shall be held
by the
Master Servicer in the name of the Trustee in trust for the benefit of the
Certificateholders in accordance with the terms and provisions of this
Agreement. The requirements for crediting the Master Servicer Collection
Account
shall be exclusive, it being understood and agreed that, without limiting
the
generality of the foregoing, payments in the nature of (i) prepayment or
late
payment charges or assumption, tax service, statement account or payoff,
substitution, satisfaction, release and other like fees and charges need
not be
credited by the Master Servicer or the Servicer to the Protected Account
or the
Master Servicer Collection Account, as applicable. Reconciliations will be
prepared for the Master Servicing Collection Account within 45 calendar days
after the bank statement cut-off date. In the event that the Master Servicer
shall deposit or cause to be deposited in the Distribution Account any amount
not required to be credited thereto, the Trustee, upon receipt of a written
request therefor signed by a Servicing Officer of the Master Servicer, shall
promptly transfer such amount to the Master Servicer, any provision herein
to
the contrary notwithstanding.
Section
4.03 Permitted
Withdrawals From the Master Servicer Collection Account.
The
Master Servicer may from time to time make withdrawals from the Master Servicer
Collection Account for the following purposes:
(i) to
reimburse the Master Servicer or the Servicer for any Advance or Servicing
Advance of its own funds, the right of the Master Servicer or related Servicer
to reimbursement pursuant to this subclause (i) being limited to amounts
received on a particular Mortgage Loan (including, for this purpose, the
Purchase Price therefor, Insurance Proceeds and Liquidation Proceeds) which
represent late payments or recoveries of the principal of or interest on
such
Mortgage Loan respecting which such Advance or Servicing Advance was
made;
(ii) to
reimburse the Master Servicer or the Servicer from Insurance Proceeds or
Liquidation Proceeds relating to a particular Mortgage Loan for amounts expended
by the Master Servicer or the Servicer in good faith in connection with the
restoration of the related Mortgaged Property which was damaged by an uninsured
cause or in connection with the liquidation of such Mortgage Loan;
(iii) to
reimburse the Master Servicer or the Servicer from Insurance Proceeds relating
to a particular Mortgage Loan for insured expenses incurred with respect
to such
Mortgage Loan and to reimburse the Master Servicer or the Servicer from
Liquidation Proceeds from a particular Mortgage Loan for Liquidation Expenses
incurred with respect to such Mortgage Loan; provided that the Master Servicer
shall not be entitled to reimbursement for Liquidation Expenses with respect
to
a Mortgage Loan to the extent that (i) any amounts with respect to such Mortgage
Loan were paid as Excess Liquidation Proceeds pursuant to clause (x) of this
Subsection (a) to the Master Servicer; and (ii) such Liquidation Expenses
were
not included in the computation of such Excess Liquidation
Proceeds;
(iv) to
reimburse the Master Servicer or the Servicer for advances of funds pursuant
to
this Agreement or the Servicing Agreement, and the right to reimbursement
pursuant to this subclause being limited to amounts received on the related
Mortgage Loan (including, for this purpose, the Purchase Price therefor,
Insurance Proceeds and Liquidation Proceeds) which represent late recoveries
of
the payments for which such advances were made;
(v) to
reimburse the Master Servicer or the Servicer for any Advance or advance,
after
a Realized Loss has been allocated with respect to the related Mortgage Loan
if
the Advance or advance has not been reimbursed pursuant to clauses (i) through
(iv);
(vi) to
pay
the Master Servicer as set forth in Section 3.14;
(vii) to
reimburse the Master Servicer for expenses, costs and liabilities incurred
by
and reimbursable to it pursuant to Sections 3.03, 7.04(c) and (d) and 12.03
or
otherwise reimbursable to it pursuant to this Agreement;
(viii) to
pay to
the Master Servicer, as additional servicing compensation, any Excess
Liquidation Proceeds to the extent not retained by the Servicer;
(ix) to
reimburse or pay the Servicer any such amounts as are due thereto under this
Agreement or the Servicing Agreement and have not been retained by or paid
to
the Servicer, to the extent provided herein and in the Servicing
Agreement;
(x) the
Purchase Price with respect to any Mortgage Loans purchased by the Seller
or
pursuant to Sections 2.02 or 2.03, any amounts which are to be treated pursuant
to Section 4.05 of this Agreement as the payment of such a Purchase Price,
the
Purchase Price with respect to any Mortgage Loans purchased by EMC pursuant
to
Section 3.20, and all proceeds of any Mortgage Loans or property acquired
with
respect thereto repurchased by the Seller or its designee pursuant to Section
10.01;
(xi) any
amounts required to be deposited with respect to losses on investments of
deposits in the Master Servicer Collection Account;
No
later than noon New York time on the Distribution Account Deposit Date for
each
Distribution Date, the Master Servicer shall transfer all amounts on deposit
in
the account with respect to the related Distribution Date, less all permitted
reimbursements to the Servicer and the Master Servicer and the Servicing
Fees
and Lender-Paid PMI Fees for such Distribution Date, to the Trustee for deposit
in the Distribution Account.
The
Master Servicer will, from time to time on demand of the Servicer or the
Trustee, make or cause to be made such withdrawals or transfers from the
account
as the Master Servicer has designated for such transfer or withdrawal pursuant
to this Agreement and the Servicing Agreement. The Master Servicer may clear
and
terminate the account pursuant to Section 10.01 and remove amounts from time
to
time deposited in error.
In
addition, prior to noon New York time on the Business Day prior to each
Distribution Date, the Master Servicer shall deposit in the Distribution
Account
(or remit to the Trustee
for
deposit therein) any Monthly Advances required to be made by the Master Servicer
with respect to the Mortgage Loans.
The
Master Servicer shall keep and maintain separate accounting,
on a
Mortgage Loan by Mortgage Loan basis, for the purpose of accounting for any
reimbursement from the Master Servicer Collection Account pursuant to subclauses
(i) through (iv), inclusive, and (vi) or with respect to any such amounts
which
would have been covered by such subclauses had the amounts not been retained
by
the Master Servicer without being deposited in the Master Servicer Collection
Account.
Section
4.04 Distribution
Account.
(a) The
Trustee shall establish and maintain in the name of the Trustee, for the
benefit
of the Certificateholders, the Distribution Account as a segregated trust
account or accounts. The Distribution Account shall be an Eligible Account.
The
Master Servicer or Servicer, as the case may be, will remit to the Trustee
for
deposit in the Distribution Account, the following amounts:
(b) All
amounts deposited to the Distribution Account shall be held by the Trustee
in
the name of the Trustee in trust for the benefit of the Certificateholders
in
accordance with the terms and provisions of this Agreement. The requirements
for
crediting the Distribution Account shall be exclusive, it being understood
and
agreed that, without limiting the generality of the foregoing, payments in
the
nature of (i) prepayment or late payment charges or assumption, tax service,
statement account or payoff, substitution, satisfaction, release and other
like
fees and charges and (ii) the items enumerated in Subsections 4.05(a)(i),
(ii),
(iii) and (iv), need not be credited by the Master Servicer or the Servicer
to
the Distribution Account. In the event that the Master Servicer shall deposit
or
cause to be deposited to the Distribution Account any amount not required
to be
credited thereto, the Trustee, upon receipt of a written request therefor
signed
by a Servicing Officer of the Master Servicer, shall promptly transfer such
amount to the Master Servicer, any provision herein to the contrary
notwithstanding.
(c) The
Distribution Account shall constitute a trust account of the Trust Fund
segregated on the books of the Trustee and held by the Trustee in trust in
its
Corporate Trust Office, and the Distribution Account and the funds deposited
therein shall not be subject to, and shall be protected from, all claims,
liens,
and encumbrances of any creditors or depositors of the Trustee (whether made
directly, or indirectly through a liquidator or receiver of the Trustee ).
The
Distribution Account shall be an Eligible Account. The amount at any time
credited to the Distribution Account may be invested in the name of the Trustee,
in such Permitted Investments as may be selected by the Trustee or deposited
in
demand deposits with such depository institutions as may be selected by the
Trustee, provided that time deposits of such depository institutions would
be a
Permitted Investment. All Permitted Investments shall mature or be subject
to
redemption or withdrawal on or before, and shall be held until, the next
succeeding Distribution Date if the obligor for such Permitted Investment
is the
Trustee or, if such obligor is any other Person, the Business Day preceding
such
Distribution Date. All investment earnings on amounts on deposit in the
Distribution Account or benefit from funds uninvested therein from time to
time
shall be for the account of the Trustee. The Trustee shall be permitted to
receive distribution of all investment earnings from the Distribution Account
earned on funds on deposit in the Distribution Account. If there is any loss
on
a Permitted Investment or demand deposit, the Trustee, as paying agent, shall
deposit such amount in the Distribution Account. With respect to the
Distribution Account and the funds deposited therein, the Trustee shall take
such action as may be necessary to ensure that the Certificateholders shall
be
entitled to the priorities afforded to such a trust account as provided by
12
U.S.C. § 92a(e), and applicable regulations pursuant thereto, if applicable, or
any applicable comparable state statute applicable to state chartered banking
corporations.
(d) In
addition, on the Closing Date the Depositor shall deposit $150 into the
Distribution Account which shall be paid to the holders of the Class R
Certificates on the first Distribution Date in accordance with Section
6.01.
Section
4.05 Permitted
Withdrawals and Transfers from the Distribution Account.
(a) The
Trustee will make such withdrawals or transfers from the Distribution Account
for the following purposes:
(i) to
reimburse the Custodian or the Trustee for expenses, costs and liabilities
incurred by or reimbursable to it pursuant to this Agreement;
(ii) to
pay
the Trustee compensation as set forth in Section 9.05;
(iii) to
remove
amounts deposited in error;
(iv) to
clear
and terminate the Distribution Account pursuant to Section 10.01;
and
(b) On
each
Distribution Date, the Trustee shall distribute the Available Funds to the
extent on deposit in the Distribution Account for each Loan Group to the
Holders
of the Certificates in accordance with distribution instructions provided
to it
by the Trustee no later than two Business Days prior to such Distribution
Date
(if the Trustee and the Trustee are not the same entity) and determined by
the
Trustee in accordance with Section 6.01.
ARTICLE
V
CERTIFICATES
Section
5.01 Certificates.
(a) The
Depository and the Issuing Entity have entered into a Depository Agreement
dated
as of the Closing Date (the “Depository Agreement”). Except for the Residual
Certificates, the Private Certificates and the Individual Certificates and
as
provided in Subsection 5.01(b), the Certificates shall at all times remain
registered in the name of the Depository or its nominee and at all times:
(i)
registration of such Certificates may not be transferred by Trustee except
to a
successor to the Depository; (ii) ownership and transfers of registration
of
such Certificates on the books of the Depository shall be governed by applicable
rules established by the Depository; (iii) the Depository may collect its
usual
and customary fees, charges and expenses from its Depository Participants;
(iv)
the Trustee shall deal with the Depository as representative of such Certificate
Owners of the respective Class of Certificates for purposes of exercising
the
rights of Certificateholders under this Agreement, and requests and directions
for and votes of such representative shall not be deemed to be inconsistent
if
they are made with respect to different Certificate Owners; and (v) the Trustee
may rely and shall be fully protected in relying upon information furnished
by
the Depository with respect to its Depository Participants.
The
Residual Certificates and the Private Certificates are initially Physical
Certificates. If at any time the Holders of all of the Certificates of one
or
more such Classes request that the Trustee cause such Class to become Global
Certificates, the Trustee and the Depositor will take such action as may
be
reasonably required to cause the Depository to accept such Class or Classes
for
trading if it may legally be so traded.
All
transfers by Certificate Owners of such respective Classes of Book-Entry
Certificates and any Global Certificates shall be made in accordance with
the
procedures established by the Depository Participant or brokerage firm
representing such Certificate Owners. Each Depository Participant shall only
transfer Book-Entry Certificates of Certificate Owners it represents or of
brokerage firms for which it acts as agent in accordance with the Depository’s
normal procedures.
(b) If
(i)(A)
the Depositor advises the Trustee in writing that the Depository is no longer
willing or able to properly discharge its responsibilities as Depository
and (B)
the Trustee or the Depositor is unable to locate a qualified successor within
30
days or (ii) the Depositor at its option advises the Trustee in writing that
it
elects to terminate the book-entry system through the Depository, the Trustee,
as agent of the Depositor, shall request that the Depository notify all
Certificate Owners of the occurrence of any such event and of the availability
of definitive, fully registered Certificates to Certificate Owners requesting
the same. Upon surrender to the Trustee, as agent of the Depositor, of the
Certificates by the Depository, accompanied by registration instructions
from
the Depository for registration, the Trustee shall issue the definitive
Certificates. Neither the Depositor nor the Trustee shall be liable for any
delay in delivery of any instructions required under this section and may
conclusively rely on, and shall be protected in relying on, such
instructions.
In
addition, if an Event of Default has occurred and is continuing, each
Certificate Owner materially adversely affected thereby may at its option
request a definitive Certificate evidencing such Certificate Owner’s Fractional
Undivided Interest in the related Class of Certificates. In order to make
such
request, such Certificate Owner shall, subject to the rules and procedures
of
the Depository, provide the Depository or the related Depository Participant
with directions for the Trustee to exchange or cause the exchange of the
Certificate Owner’s interest in such Class of Certificates for an equivalent
Fractional Undivided Interest in fully registered definitive form. Upon receipt
by the Trustee of instructions from the Depository directing the Trustee
to
effect such exchange (such instructions to contain information regarding
the
Class of Certificates and the Current Principal Amount being exchanged, the
Depository Participant account to be debited with the decrease, the registered
holder of and delivery instructions for the definitive Certificate, and any
other information reasonably required by the Trustee), (i) the Trustee shall
instruct the Depository to reduce the related Depository Participant’s account
by the aggregate Current Principal Amount of the definitive Certificate,
(ii)
the Trustee shall execute, authenticate and deliver, in accordance with the
registration and delivery instructions provided by the Depository, a definitive
Certificate evidencing such Certificate Owner’s Fractional Undivided Interest in
such Class of Certificates and (iii) the Trustee shall execute and authenticate
a new Book-Entry Certificate reflecting the reduction in the Current Principal
Amount of such Class of Certificates by the amount of the definitive
Certificates.
(c) (i) REMIC
I
will be evidenced by (x) the REMIC I Regular Interests, which will be
uncertificated and non-transferable and are hereby designated as the “regular
interests” in REMIC I and have the initial principal amounts and (other than
REMIC I Regular Interest R-II/R-III) accrue interest at the Pass-Through
Rates
equal to those set forth in this Section 5.01(c)(i) and (y) the Class R-I
Certificates, which are hereby designated as representing the sole class
of
“residual interests” in REMIC I.
The
REMIC
I Regular Interests and the Class R-I Certificates will have the following
designations, initial principal amounts and Pass-Through Rates:
REMIC
I Interest
|
Initial
Principal Amount
|
Pass-Through
Rate
|
Related
Loan Group
|
I-Sub
|
$
2,652.31
|
(1)
|
Loan
Group I
|
I-Grp
|
$
62,406.71
|
(2)
|
Loan
Group I
|
II-Sub
|
$
394.38
|
(1)
|
Loan
Group II
|
II-Grp
|
$
9,279.08
|
(3)
|
Loan
Group II
|
III-Sub
|
$
404.40
|
(1)
|
Loan
Group III
|
III-Grp
|
$
9,513.60
|
(4)
|
Loan
Group III
|
R-II/R-III
|
$
100.00
|
0.00%
|
N/A
|
ZZZ
|
$
811,909,270.43
|
(1)
|
Loan
Group I through Loan Group III
|
Class
R-I
|
$
50.00
|
0.00%
|
N/A
|
(1) The
weighted average of the Net Rates of the Mortgage Loans, weighted on the
basis
of the respective Scheduled Principal Balances of each such Mortgage Loan
as of
the beginning of the Due Period immediately preceding the related Distribution
Date.
(2) The
weighted average of the Net Rates of the Group I Mortgage Loans, weighted
on the
basis of the respective Scheduled Principal Balances of each such Mortgage
Loan
as of the beginning of the Due Period immediately preceding the related
Distribution Date.
(3) The
weighted average of the Net Rates of the Group II Mortgage Loans, weighted
on
the basis of the respective Scheduled Principal Balances of each such Mortgage
Loan as of the beginning of the Due Period immediately preceding the related
Distribution Date.
(4) The
weighted average of the Net Rates of the Group III Mortgage Loans, weighted
on
the basis of the respective Scheduled Principal Balances of each such Mortgage
Loan as of the beginning of the Due Period immediately preceding the related
Distribution Date.
Interest
shall be payable to the REMIC I Regular Interests at the applicable Pass-Through
Rates on the related Uncertificated Principal Balances. On the Distribution
Date
in May 2007, REMIC I Regular Interest R-II/R-III will be paid $100 in reduction
of its Uncertificated Principal Balance from the Class R-II Deposit and the
Class R-III Deposit held in the Distribution Account. Distributions of principal
shall be deemed to be made from amounts received on the Mortgage Loans to
the
REMIC I Regular Interests (other than REMIC I Regular Interest R-II/R-III),
first, so as to keep the Uncertificated Principal Balance of each REMIC I
Regular Interest ending with the designation “Grp” equal to 0.01% of the
aggregate Scheduled Principal Balance of the Mortgage Loans in the related
Loan
Group; second, to each REMIC I Regular Interest ending with the designation
“Sub,” so that the Uncertificated Principal Balance of each such REMIC I Regular
Interest is equal to 0.01% of the excess of (x) the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Loan Group over (y)
the
aggregate Current Principal Amount of the Senior Certificates in the related
Certificate Group (except that if any such excess is a larger number than
in the
preceding distribution period, the least amount of principal shall be
distributed to such REMIC I Regular Interests such that the REMIC I Subordinated
Balance Ratio is maintained); and third, any remaining principal to REMIC
I
Regular Interest ZZZ. Realized Losses on the Mortgage Loans shall be applied
after all distributions have been made on each Distribution Date, first,
so as
to keep the Uncertificated Principal Balance of each REMIC I Regular Interest
ending with the designation “Grp” equal to 0.01% of the aggregate Scheduled
Principal Balance of the Mortgage Loans in the related Loan Group; second,
to
each REMIC I Regular Interest ending with the designation “Sub,” so that the
Uncertificated Principal Balance of each such REMIC I Regular Interest is
equal
to 0.01% of the excess of (x) the aggregate Scheduled Principal Balance of
the
Mortgage Loans in the related Loan Group over (y) the Current Principal Amount
of the Senior Certificates in the related Certificate Group (except that
if any
such excess is a larger number than in the preceding distribution period,
the
least amount of Realized Losses shall be applied to such REMIC I Regular
Interests such that the REMIC I Subordinated Balance Ratio is maintained);
and
third, any remaining Realized Losses on the Mortgage Loans shall be allocated
to
REMIC I Regular Interest ZZZ.
The
aggregate amount of any Net Interest Shortfalls and interest portion of Realized
Losses for any Distribution Date shall be allocated to accrued interest payable
to the REMIC I Regular Interests (other than REMIC I Regular Interest
R-II/R-III), pro
rata,
based on, and to the extent of, one month’s interest at the then applicable
respective Pass-Through Rates on the respective Uncertificated Principal
Balances of each such REMIC I Regular Interest.
(ii) REMIC
II
will be evidenced by (x) the REMIC II Regular Interests, which will be
uncertificated and non-transferable and are hereby designated as the “regular
interests” in REMIC II and have the initial principal amounts and (other than
REMIC II Regular Interest R-III) accrue interest at the Pass-Through Rates
equal
to those set forth in this Section 5.01(c)(ii) and (y) the Class R-II
Certificates, which are hereby designated as representing the sole class
of
“residual interests” in REMIC II.
The
REMIC
II Regular Interests and the Class R-II Certificates will have the following
designations, initial principal amounts and Pass Through Rates:
Designation
|
Initial
Principal Amount
|
Pass-Through
Rate
|
I-A-1
|
$
571,021,000.00
|
(1)
|
I-A-2
|
$
26,523,000.00
|
(1)
|
II-A-1
|
$
84,903,000.00
|
(2)
|
II-A-2
|
$
3,944,000.00
|
(2)
|
III-A-1
|
$
87,049,000.00
|
(3)
|
III-A-2
|
$
4,043,000.00
|
(3)
|
Class
R-II
|
$
50.00
|
0.00%
|
R-III
|
$
50.00
|
0.00%
|
B-1
|
$
17,863,000.00
|
(4)
|
B-2
|
$
3,654,000.00
|
(4)
|
B-3
|
$
4,872,000.00
|
(4)
|
B-4
|
$
3,248,000.00
|
(4)
|
B-5
|
$
1,624,000.00
|
(4)
|
B-6
|
$
1,623,000.00
|
(4)
|
B-7
|
$
1,626,920.91
|
(4)
|
(1) A
variable Pass-Through Rate equal to the weighted average of the Pass-Through
Rate on REMIC I Regular Interest I-Grp, weighted on the basis of the
Uncertificated Principal Balance of such REMIC I Regular Interest immediately
preceding the related Distribution Date.
(2) A
variable Pass-Through Rate equal to the weighted average of the Pass-Through
Rate on REMIC I Regular Interest II-Grp, weighted on the basis of the
Uncertificated Principal Balance of such REMIC I Regular Interest immediately
preceding the related Distribution Date.
(3) A
variable Pass-Through Rate equal to the weighted average of the Pass-Through
Rate on REMIC I Regular Interest III-Grp, weighted on the basis of the
Uncertificated Principal Balance of such REMIC I Regular Interest immediately
preceding the related Distribution Date.
(4) A
variable Pass-Through Rate equal to the weighted average of the Pass-Through
Rates on REMIC I Regular Interests I-Sub, II-Sub and III-Sub, weighted on
the
basis of the Uncertificated Principal Balances of each such REMIC I Regular
Interest immediately preceding the related Distribution Date, provided that
for
purposes of calculating such weighted average, the Pass-Through Rate of each
such REMIC I Regular Interest shall be subject to a cap and a floor equal
to the
Pass-Through Rate of the REMIC I Regular Interest from the related Loan Group
ending with the designation “Grp”.
Principal
shall be payable to, and shortfalls, losses and prepayments are allocable
to,
the REMIC II Regular Interests as such amounts are payable and allocable
to the
Corresponding Certificates; provided that, solely for purposes of the foregoing,
any shortfalls or losses allocable to the Class I-X-1 Certificates shall
be
deemed to be allocated entirely to the Class I-A-1 Certificates and Class
I-A-2
Certificates on a pro rata basis, any shortfalls or losses allocable to the
Class II-X-1 Certificates shall be deemed to be allocated entirely to the
Class
II-A-1 Certificates and Class II-A-2 Certificates on a pro rata basis, and
any
shortfalls or losses allocable to the Class III-X-1 Certificates shall be
deemed
to be allocated entirely to the Class III-A-1 Certificates and Class III-A-2
Certificates on a pro rata basis. Interest shall be payable to the REMIC
II
Regular Interests at the Pass-Through Rate for each such REMIC II Regular
Interest on each such REMIC II Regular Interest’s Uncertificated Principal
Balance.
(iii) The
Classes of the Certificates shall have the following designations, initial
principal amounts and Pass-Through Rates:
Designation
|
Initial
Principal Amount
|
Pass-Through
Rate
|
I-A-1
|
$
571,021,000.00
|
(1)
|
I-A-2
|
$
26,523,000.00
|
(1)
|
I-X-1
|
(3)
|
(2)
|
II-A-1
|
$
84,903,000.00
|
(4)
|
II-A-2
|
$
3,944,000.00
|
(4)
|
II-X-1
|
(3)
|
(5)
|
III-A-1
|
$
87,049,000.00
|
(6)
|
III-A-2
|
$
4,043,000.00
|
(6)
|
III-X-1
|
(3)
|
(7)
|
R-I
|
$ 50.00
|
(8)
|
R-II
|
$ 50.00
|
(8)
|
R-III
|
$ 50.00
|
(8)
|
B-1
|
$
17,863,000.00
|
(9)
|
B-2
|
$
3,654,000.00
|
(9)
|
B-3
|
$
4,872,000.00
|
(9)
|
B-4
|
$
3,248,000.00
|
(9)
|
B-5
|
$
1,624,000.00
|
(9)
|
B-6
|
$
1,623,000.00
|
(9)
|
B-7
|
$
1,626,920.91
|
(9)
|
(1) On
or
prior to the Distribution Date in March 2012, the Class I-A-1 Certificates
and
Class I-A-2 Certificates will bear interest at a variable Pass-Through Rate
equal to the weighted average of the Net Rates of the Group I Mortgage Loans,
weighted on the basis of the respective Scheduled Principal Balances of each
such Mortgage Loan as of the beginning of the Due Period immediately preceding
the related Distribution Date, minus 0.245558762019% per
annum. After the Distribution Date in March
2012 the
Class
I-A-1 Certificates and Class I-A-2 Certificates will bear interest at a variable
Pass-Through Rate equal to the weighted average of the Net Rates of the Group
I
Mortgage Loans, weighted on the basis of the respective Scheduled Principal
Balances of each such Mortgage Loan as of the beginning of the Due Period
immediately preceding the related Distribution Date. During each such period,
for federal income tax purposes the Class I-A-1 Certificates and Class I-A-2
Certificates will bear interest at a rate equivalent to the foregoing,
calculated using the weighted average of the Pass-Through Rates on REMIC
II
Regular Interests I-A-1 and I-A-2, weighted on the basis of the Uncertificated
Principal Balances of such REMIC II Regular Interests immediately preceding
the
related Distribution Date, in place of the weighted average of the Net Rates
of
the Group I Mortgage Loans. The Pass-Through Rate with respect to the first
Interest Accrual Period is expected to be approximately 5.500% per
annum.
(2) On
or
prior to the Distribution Date in March 2012, the Class I-X-1 Certificates
will
bear interest at a fixed Pass-Through Rate equal to 0.245558762019%
per annum on a notional balance equal to the aggregate Current Principal
Amount
of the Class I-A-1 Certificates and Class I-A-2 Certificates. After the
Distribution Date in March 2012, the Class I-X-1 Certificates will not bear
any
interest. For federal income tax purposes, the Class I-X-1 Certificates will
bear interest at a rate equivalent to the foregoing, expressed as (i) for
any
Distribution Date in or prior to March 2012, the excess, if any, of (x) the
weighted average of the Pass-Through Rates on REMIC II Regular Interests
I-A-1
and I-A-2, weighted on the basis of the Uncertificated Principal Balances
of
such REMIC II Regular Interests immediately preceding the related Distribution
Date, over (y) the excess, if any, of (1) the weighted average of the
Pass-Through Rates on REMIC II Regular Interests I-A-1 and I-A-2, weighted
on
the basis of the Uncertificated Principal Balances of such REMIC II Regular
Interests immediately preceding the related Distribution Date, over (0) 0.000000000000%
per annum, and (ii) for any Distribution Date after March 2012, the excess,
if
any, of (A) the weighted average of the Pass-Through Rates on REMIC II Regular
Interests I-A-1 and I-A-2, weighted on the basis of the Uncertificated Principal
Balances of such REMIC II Regular Interests immediately preceding the related
Distribution Date, over (B) the weighted average of the Pass-Through Rates
on
REMIC II Regular Interests I-A-1 and I-A-2, weighted on the basis of the
Uncertificated Principal Balances of such REMIC II Regular Interests immediately
preceding the related Distribution Date.
(3) As
described in the definition of Notional Amount herein.
(4) On
or
prior to the Distribution Date in March 2014, the Class II-A-1 Certificates
and
Class II-A-2 Certificates will bear interest at a variable Pass-Through Rate
equal to the weighted average of the Net Rates of the Group II Mortgage Loans,
weighted on the basis of the respective Scheduled Principal Balances of each
such Mortgage Loan as of the beginning of the Due Period immediately preceding
the related Distribution Date, minus 0.213717710569%per
annum.
After
the Distribution Date in March 2014, the Class II-A-1 Certificates and Class
II-A-2 Certificates will bear interest at a variable Pass-Through Rate equal
to
the weighted average of the Net Rates of the Group II Mortgage Loans, weighted
on the basis of the respective Scheduled Principal Balances of each such
Mortgage Loan as of the beginning of the Due Period immediately preceding
the
related Distribution Date. During each such period, for federal income tax
purposes the Class II-A-1 Certificates and Class II-A-2 Certificates will
bear
interest at a rate equivalent to the foregoing, calculated using the weighted
average of the Pass-Through Rates on REMIC II Regular Interests II-A-1 and
II-A-2, weighted on the basis of the Uncertificated Principal Balances of
such
REMIC II Regular Interests immediately preceding the related Distribution
Date,
in place of the weighted average of the Net Rates of the Group II Mortgage
Loans. The Pass-Through Rate with respect to the first Interest Accrual Period
is expected to be approximately 5.650%,
per
annum.
(5) On
or
prior to the Distribution Date in March 2014, the Class II-X-1 Certificates
will
bear interest at a fixed Pass-Through Rate equal to 0.213717710569%per
annum on
a
notional balance equal to the aggregate Current Principal Amount of the Class
II-A-1 Certificates and Class II-A-2 Certificates. After the Distribution
Date
in March 2014, the Class II-X-1 Certificates will not bear any interest.
For
federal income tax purposes, the Class II-X-1 Certificates will bear interest
at
a rate approximately equivalent to the foregoing, expressed as (i) for any
Distribution Date in or prior to March 2014, the excess, if any, of (x) the
weighted average of the Pass-Through Rates on REMIC II Regular Interests
II-A-1
and II-A-2, weighted on the basis of the Uncertificated Principal Balances
of
such REMIC II Regular Interests immediately preceding the related Distribution
Date, over (y) the excess, if any, of (1) the weighted average of the
Pass-Through Rates on REMIC II Regular Interests II-A-1 and II-A-2, weighted
on
the basis of the Uncertificated Principal Balances of such REMIC II Regular
Interests immediately preceding the related Distribution Date, over (0) 0.000000000000%
per annum, and (ii) for any Distribution Date after March 2014, the excess,
if
any, of (A) the weighted average of the Pass-Through Rates on REMIC II Regular
Interests II-A-1 and II-A-2, weighted on the basis of the Uncertificated
Principal Balances of such REMIC II Regular Interests immediately preceding
the
related Distribution Date, over (B) the weighted average of the Pass-Through
Rates on REMIC II Regular Interests II-A-1 and II-A-2, weighted on the basis
of
the Uncertificated Principal Balances of such REMIC II Regular Interests
immediately preceding the related Distribution Date.
(6) On
or
prior to the Distribution Date in March
2017 the
Class
III-A-1 Certificates and Class III-A-2 Certificates will bear interest at
a
variable Pass-Through Rate equal to the weighted average of the Net Rates
of the
Group III Mortgage Loans, weighted on the basis of the respective Scheduled
Principal Balances of each such Mortgage Loan as of the beginning of the
Due
Period immediately preceding the related Distribution Date, minus 0.011698957301% per
annum. After the Distribution Date in March 2017 the Class III-A-1 Certificates
and Class III-A-2 Certificates will bear interest at a variable Pass-Through
Rate equal to the weighted average of the Net Rates of the Group III Mortgage
Loans. During each such period, for federal income tax purposes the Class
III-A-1 Certificates and Class III-A-2 Certificates will bear interest at
a rate
equivalent to the foregoing, calculated using the weighted average of the
Pass-Through Rates on REMIC II Regular Interests III-A-1 and III-A-2, weighted
on the basis of the Uncertificated Principal Balances of such REMIC II Regular
Interests immediately preceding the related Distribution Date, in place of
the
weighted average of the Net Rates of the Group III Mortgage Loans. The
Pass-Through Rate with respect to the first Interest Accrual Period is expected
to be approximately 6.00% per annum.
(7) On
or
prior to the Distribution Date in March 2017, the Class III-X-1 Certificates
will bear interest at a fixed Pass-Through Rate equal to 0.011698957301%
per annum on a notional balance equal to the aggregate Current Principal
Amount
of the Class III-A-1 Certificates and Class III-A-2 Certificates. After the
Distribution Date in March 2017, the Class III-X-1 Certificates will not
bear
any interest. For federal income tax purposes, the Class III-X-1 Certificates
will bear interest at a rate equivalent to the foregoing, expressed as (i)
for
any Distribution Date in or prior to March 2017, the excess, if any, of (x)
the
weighted average of the Pass-Through Rates on REMIC II Regular Interests
III-A-1
and III-A-2, weighted on the basis of the Uncertificated Principal Balances
of
such REMIC II Regular Interests immediately preceding the related Distribution
Date, over (y) the excess, if any, of (1) the weighted average of the
Pass-Through Rates on REMIC II Regular Interests III-A-1 and III-A-2, weighted
on the basis of the Uncertificated Principal Balances of such REMIC II Regular
Interests immediately preceding the related Distribution Date, over (0) 0.000000000000%
per annum, and (ii) for any Distribution Date after March 2017, the excess,
if
any, of (A) the weighted average of the Pass-Through Rates on REMIC II Regular
Interests III-A-1 and III-A-2, weighted on the basis of the Uncertificated
Principal Balances of such REMIC II Regular Interests immediately preceding
the
related Distribution Date, over (B) the weighted average of the Pass-Through
Rates on REMIC II Regular Interests III-A-1 and III-A-2, weighted on the
basis
of the Uncertificated Principal Balances of such REMIC II Regular Interests
immediately preceding the related Distribution Date.
(8)
The
Class R-I, Class R-II and Class R-III Certificates will not bear
interest.
(9) The
Class
B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class B-7
Certificates will each bear interest at a variable Pass-Through Rate equal
to
the weighted average of the weighted average of the Net Rates of the Mortgage
Loans in each Loan Group, weighted in proportion to the results of subtracting
from the aggregate Scheduled Principal Balance of the Mortgage Loans of each
Loan Group, the aggregate Current Principal Amount of the related Class or
Classes of Senior Certificates; provided that, for federal income tax purposes
such Certificates will bear interest at a rate equivalent to the foregoing,
expressed as the weighted average of the Pass-Through Rates on REMIC II Regular
Interests X-0, X-0, X-0, X-0, X-0, B-6 and B-7, weighted on the basis of
the
Uncertificated Principal Balances of such REMIC II Regular Interests immediately
preceding the related Distribution Date. The Pass-Through Rate with respect
to
the first Interest Accrual Period is expected to be approximately 5.790%
per
annum.
(d) For
purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the
Distribution Date immediately following the maturity date for the Mortgage
Loan
with the latest maturity date in the Trust Fund has been designated as the
“latest
possible maturity date” for the REMIC I Regular Interests, the REMIC II Regular
Interests and the Certificates (other than the Class R Certificates).
(e) With
respect to each Distribution Date, each Class of Certificates shall accrue
interest during the related Interest Accrual Period. With respect to each
Distribution Date and each such Class of Certificates, interest shall be
calculated, on the basis of a 360-day year comprised of twelve 30-day months,
based upon the respective Pass-Through Rate set forth, or determined as
provided, above and the Current Principal Amount (or Notional Amount in the
case
of the Interest Only Certificates) of such Class applicable to such Distribution
Date.
(f) The
Certificates shall be substantially in the forms set forth in Exhibits X-0,
X-0
and A-3. On original issuance, the Trustee shall sign, countersign and shall
deliver them at the direction of the Depositor.
(g) Each
Class of Book-Entry Certificates will be registered as a single Certificate
of
such Class held by a nominee of the Depository or the DTC Custodian, and
beneficial interests will be held by investors through the book-entry facilities
of the Depository in minimum denominations of, in the case of the Offered
Certificates (other than the Residual Certificates), $100,000 and in each
case
increments of $1.00 in excess thereof, except that one Certificate of each
such
Class may be issued in a different amount so that the sum of the denominations
of all outstanding Certificates of such Class shall equal the Current Principal
Amount of such Class on the Closing Date. On the Closing Date, the Trustee
shall
execute and countersign Physical Certificates all in an aggregate principal
amount that shall equal the Current Principal Amount of such Class on the
Closing Date. The Private Certificates shall be issued in certificated
fully-registered form in minimum dollar denominations of $100,000 and integral
multiples of $1.00 in excess thereof, except that one Private Certificate
of
each Class may be issued in a different amount so that the sum of the
denominations of all outstanding Private Certificates of such Class shall
equal
the Current Principal Amount of such Class on the Closing Date. The Residual
Certificates shall each be issued in certificated fully-registered form,
each,
in the denomination of $50. Each Class of Global Certificates, if any, shall
be
issued in fully registered form in minimum dollar denominations of $100,000
and
integral multiples of $1.00 in excess thereof, except that one Certificate
of
each Class may be in a different denomination so that the sum of the
denominations of all outstanding Certificates of such Class shall equal the
Current Principal Amount of such Class on the Closing Date. On the Closing
Date,
the Trustee shall execute and countersign (i) in the case of each Class of
Offered Certificates, the Certificate in the entire Current Principal Amount
of
the respective Class and (ii) in the case of each Class of Private Certificates,
Individual Certificates all in an aggregate principal amount that shall equal
the Current Principal Amount of each such respective Class on the Closing
Date.
The Certificates referred to in clause (i) and if at any time there are to
be
Global Certificates, the Global Certificates shall be delivered by the Depositor
to the Depository or pursuant to the Depository’s instructions, shall be
delivered by the Depositor on behalf of the Depository to and deposited with
the
DTC Custodian. The Trustee shall sign the Certificates by facsimile or manual
signature and countersign them by manual signature by one or more authorized
signatories, each of whom shall be Responsible Officers of the Trustee or
its
agent.
(h) No
Certificate shall be entitled to any benefit under this Agreement, or be
valid
for any purpose, unless there appears on such Certificate the manually executed
countersignature of the Trustee or its agent, and such countersignature upon
any
Certificate shall be conclusive evidence, and the only evidence, that such
Certificate has been duly executed and delivered hereunder. All Certificates
issued on the Closing Date shall be dated the Closing Date. All Certificates
issued thereafter shall be dated the date of their
countersignature.
(i) The
Closing Date is hereby designated as the “startup” day of each REMIC within the
meaning of Section 860G(a)(9) of the Code.
(j) For
federal income tax purposes, each REMIC shall have a tax year that is a calendar
year and shall report income on an accrual basis.
(k) The
Trustee shall cause each REMIC to timely elect to be treated as a REMIC under
Section 860D of the Code. Any inconsistencies or ambiguities in this Agreement
or in the administration of any Trust established hereby shall be resolved
in a
manner that preserves the validity of such elections.
(l) The
following legend shall be placed on the Residual Certificates, whether upon
original issuance or upon issuance of any other Certificate of any such Class
in
exchange therefor or upon transfer thereof:
THIS
CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF,
AN
EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO
TITLE
I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR
SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE PROPOSED
TRANSFEREE PROVIDES THE TRUSTEE
WITH
AN
OPINION OF COUNSEL ADDRESSED TO THE DEPOSITOR, MASTER SERVICER AND TRUSTEE
AND
ON WHICH THEY MAY RELY THAT IS SATISFACTORY TO THE TRUSTEE THAT THE PURCHASE
OF
CERTIFICATES ON BEHALF OF SUCH PERSON WILL NOT RESULT IN OR CONSTITUTE A
NONEXEMPT PROHIBITED TRANSACTION, IS PERMISSIBLE UNDER APPLICABLE LAW AND
WILL
NOT GIVE RISE TO ANY ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR,
THE
MASTER SERVICER OR THE TRUSTEE.
The
following legend shall be placed upon the Private Certificates, whether upon
original issuance or upon issuance of any other Certificate of any such Class
in
exchange therefor or upon transfer thereof:
THIS
CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF,
AN
EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO
TITLE
I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR
SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE TRANSFEREE
CERTIFIES OR REPRESENTS THAT THE PROPOSED TRANSFER AND HOLDING OF A CERTIFICATE
AND THE SERVICING, MANAGEMENT AND OPERATION OF THE TRUST AND ITS ASSETS:
(I)
WILL NOT RESULT IN ANY PROHIBITED TRANSACTION WHICH IS NOT COVERED UNDER
AN
INDIVIDUAL OR CLASS PROHIBITED TRANSACTION EXEMPTION, INCLUDING, BUT NOT
LIMITED
TO, PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, XXXX 00-00, XXXX
00-0, XXXX 95-60 OR PTCE 96-23 AND (II) WILL NOT GIVE RISE TO ANY ADDITIONAL
OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER OR THE TRUSTEE,
WHICH WILL BE DEEMED REPRESENTED BY AN OWNER OF A BOOK-ENTRY CERTIFICATE
OR A
GLOBAL CERTIFICATE OR UNLESS THE OPINION SPECIFIED IN SECTION 5.07 OF THE
AGREEMENT IS PROVIDED.
Section
5.02 Registration
of Transfer and Exchange of Certificates.
(a) The
Trustee shall maintain at its Corporate Trust Office a Certificate Register
in
which, subject to such reasonable regulations as it may prescribe, the Trustee
shall provide for the registration of Certificates and of transfers and
exchanges of Certificates as herein provided.
(b) Subject
to Subsection 5.01(a) and, in the case of any Global Certificate or Physical
Certificate upon the satisfaction of the conditions set forth below, upon
surrender for registration of transfer of any Certificate at any office or
agency of the Trustee maintained for such purpose, the Trustee shall sign,
countersign and shall deliver, in the name of the designated transferee or
transferees, a new Certificate of a like Class and aggregate Fractional
Undivided Interest, but bearing a different number.
(c) By
acceptance of an Individual Certificate, whether upon original issuance or
subsequent transfer, each holder of such a Certificate acknowledges the
restrictions on the transfer of such Certificate set forth in the Securities
Legend and agrees that it will transfer such a Certificate only as provided
herein. In addition to the provisions of Subsection 5.02(h), the following
restrictions shall apply with respect to the transfer and registration of
transfer of an Individual Certificate to a transferee that takes delivery
in the
form of an Individual Certificate:
(i) The
Trustee shall register the transfer of an Individual Certificate if the
requested transfer is being made to a transferee who has provided the Trustee
with a Rule 144A Certificate or comparable evidence as to its QIB
status.
(ii) The
Trustee shall register the transfer of any Individual Certificate if (x)
the
transferor has advised the Trustee in writing that the Certificate is being
transferred to an Institutional Accredited Investor; and (y) prior to the
transfer the transferee furnishes to the Trustee an Investment Letter (and
the
Trustee shall be fully protected in so doing), provided that, if based upon
an
Opinion of Counsel addressed to the Trustee to the effect that the delivery
of
(x) and (y) above are not sufficient to confirm that the proposed transfer
is
being made pursuant to an exemption from, or in a transaction not subject
to,
the registration requirements of the Securities Act and other applicable
laws,
the Trustee shall as a condition of the registration of any such transfer
require the transferor to furnish such other certifications, legal opinions
or
other information prior to registering the transfer of an Individual Certificate
as shall be set forth in such Opinion of Counsel.
(d) Subject
to Subsection 5.02(h), so long as a Global Certificate of such Class is
outstanding and is held by or on behalf of the Depository, transfers of
beneficial interests in such Global Certificate, or transfers by holders
of
Individual Certificates of such Class to transferees that take delivery in
the
form of beneficial interests in the Global Certificate, may be made only
in
accordance with this Subsection 5.02(d) and in accordance with the rules
of the
Depository:
(i) In
the
case of a beneficial interest in the Global Certificate being transferred
to an
Institutional Accredited Investor, such transferee shall be required to take
delivery in the form of an Individual Certificate or Certificates and the
Trustee shall register such transfer only upon compliance with the provisions
of
Subsection 5.02(c)(ii).
(ii) In
the
case of a beneficial interest in a Class of Global Certificates being
transferred to a transferee that takes delivery in the form of an Individual
Certificate or Certificates of such Class, except as set forth in clause
(i)
above, the Trustee shall register such transfer only upon compliance with
the
provisions of Subsection 5.02(c)(i).
(iii) In
the
case of an Individual Certificate of a Class being transferred to a transferee
that takes delivery in the form of a beneficial interest in a Global Certificate
of such Class, the Trustee shall register such transfer if the transferee
has
provided the Trustee with a Rule 144A Certificate or comparable evidence
as to
its QIB status.
(iv) No
restrictions shall apply with respect to the transfer or registration of
transfer of a beneficial interest in the Global Certificate of a Class to
a
transferee that takes delivery in the form of a beneficial interest in the
Global Certificate of such Class; provided that each such transferee shall
be
deemed to have made such representations and warranties contained in the
Rule
144A Certificate as are sufficient to establish that it is a QIB.
(e) Subject
to Subsection 5.02(h), an exchange of a beneficial interest in a Global
Certificate of a Class for an Individual Certificate or Certificates of such
Class, an exchange of an Individual Certificate or Certificates of a Class
for a
beneficial interest in the Global Certificate of such Class and an exchange
of
an Individual Certificate or Certificates of a Class for another Individual
Certificate or Certificates of such Class (in each case, whether or not such
exchange is made in anticipation of subsequent transfer, and, in the case
of the
Global Certificate of such Class, so long as such Certificate is outstanding
and
is held by or on behalf of the Depository) may be made only in accordance
with
this Subsection 5.02(e) and in accordance with the rules of the
Depository:
(i) A
holder
of a beneficial interest in a Global Certificate of a Class may at any time
exchange such beneficial interest for an Individual Certificate or Certificates
of such Class.
(ii) A
holder
of an Individual Certificate or Certificates of a Class may exchange such
Certificate or Certificates for a beneficial interest in the Global Certificate
of such Class if such holder furnishes to the Trustee a Rule 144A Certificate
or
comparable evidence as to its QIB status.
(iii) A
holder
of an Individual Certificate of a Class may exchange such Certificate for
an
equal aggregate principal amount of Individual Certificates of such Class
in
different authorized denominations without any certification.
(f) (i)Upon
acceptance for exchange or transfer of an Individual Certificate of a Class
for
a beneficial interest in a Global Certificate of such Class as provided herein,
the Trustee shall cancel such Individual Certificate and shall (or shall
request
the Depository to) endorse on the schedule affixed to the applicable Global
Certificate (or on a continuation of such schedule affixed to the Global
Certificate and made a part thereof) or otherwise make in its books and records
an appropriate notation evidencing the date of such exchange or transfer
and an
increase in the certificate balance of the Global Certificate equal to the
certificate balance of such Individual Certificate exchanged or transferred
therefor.
(ii) Upon
acceptance for exchange or transfer of a beneficial interest in a Global
Certificate of a Class for an Individual Certificate of such Class as provided
herein, the Trustee shall (or shall request the Depository to) endorse on
the
schedule affixed to such Global Certificate (or on a continuation of such
schedule affixed to such Global Certificate and made a part thereof) or
otherwise make in its books and records an appropriate notation evidencing
the
date of such exchange or transfer and a decrease in the certificate balance
of
such Global Certificate equal to the certificate balance of such Individual
Certificate issued in exchange therefor or upon transfer thereof.
(g) The
Securities Legend shall be placed on any Individual Certificate issued in
exchange for or upon transfer of another Individual Certificate or of a
beneficial interest in a Global Certificate.
(h) Subject
to the restrictions on transfer and exchange set forth in this Section 5.02,
the
holder of any Individual Certificate may transfer or exchange the same in
whole
or in part (in an initial certificate balance equal to the minimum authorized
denomination set forth in Section 5.01(g) above or any integral multiple
of
$1.00 in excess thereof) by surrendering such Certificate at the Trustee
Office,
or at the office of any transfer agent, together with an executed instrument
of
assignment and transfer satisfactory in form and substance to the Trustee
in the
case of transfer and a written request for exchange in the case of exchange.
The
holder of a beneficial interest in a Global Certificate may, subject to the
rules and procedures of the Depository, cause the Depository (or its nominee)
to
notify the Trustee in writing of a request for transfer or exchange of such
beneficial interest for an Individual Certificate or Certificates. Following
a
proper request for transfer or exchange, the Trustee shall, within five Business
Days of such request made at the Corporate Trust Office, sign, countersign
and
deliver at the Corporate Trust Office, to the transferee (in the case of
transfer) or holder (in the case of exchange) or send by first class mail
at the
risk of the transferee (in the case of transfer) or holder (in the case of
exchange) to such address as the transferee or holder, as applicable, may
request, an Individual Certificate or Certificates, as the case may require,
for
a like aggregate Fractional Undivided Interest and in such authorized
denomination or denominations as may be requested. The presentation for transfer
or exchange of any Individual Certificate shall not be valid unless made
at the
Corporate Trust Office by the registered holder in person, or by a duly
authorized attorney-in-fact.
(i) At
the
option of the Certificateholders, Certificates may be exchanged for other
Certificates of authorized denominations of a like Class and aggregate
Fractional Undivided Interest, upon surrender of the Certificates to be
exchanged at the Corporate Trust Office; provided, however, that no Certificate
may be exchanged for new Certificates unless the original Fractional Undivided
Interest represented by each such new Certificate (i) is at least equal to
the
minimum authorized denomination or (ii) is acceptable to the Depositor as
indicated to the Trustee in writing. Whenever any Certificates are so
surrendered for exchange, the Trustee shall sign, countersign and deliver
the
Certificates which the Certificateholder making the exchange is entitled
to
receive.
(j) If
the
Trustee so requires, every Certificate presented or surrendered for transfer
or
exchange shall be duly endorsed by, or be accompanied by a written instrument
of
transfer, with a signature guarantee, in form satisfactory to the Trustee,
duly
executed by the holder thereof or his or her attorney duly authorized in
writing.
(k) No
service charge shall be made for any transfer or exchange of Certificates,
but
the Trustee may require payment of a sum sufficient to cover any tax or
governmental charge that may be imposed in connection with any transfer or
exchange of Certificates.
(l) The
Trustee shall cancel all Certificates surrendered for transfer or exchange
but
shall retain such Certificates in accordance with its standard retention
policy
or for such further time as is required by the record retention requirements
of
the Securities Exchange Act of 1934, as amended, and thereafter may destroy
such
Certificates.
Section
5.03 Mutilated,
Destroyed, Lost or Stolen Certificates.
(a) If
(i)
any mutilated Certificate is surrendered to the Trustee, or the Trustee receives
evidence to its satisfaction of the destruction, loss or theft of any
Certificate, and (ii) there is delivered to the Trustee such security or
indemnity as it may require to save it harmless, and (iii) the Trustee has
not
received notice that such Certificate has been acquired by a third Person,
the
Trustee shall sign, countersign and deliver, in exchange for or in lieu of
any
such mutilated, destroyed, lost or stolen Certificate, a new Certificate
of like
tenor and Fractional Undivided Interest but in each case bearing a different
number. The mutilated, destroyed, lost or stolen Certificate shall thereupon
be
canceled of record by the Trustee and shall be of no further effect and evidence
no rights.
(b) Upon
the
issuance of any new Certificate under this Section 5.03, the Trustee may
require
the payment of a sum sufficient to cover any tax or other governmental charge
that may be imposed in relation thereto and any other expenses (including
the
fees and expenses of the Trustee ) connected therewith. Any duplicate
Certificate issued pursuant to this Section 5.03 shall constitute complete
and
indefeasible evidence of ownership in the Trust Fund, as if originally issued,
whether or not the lost, stolen or destroyed Certificate shall be found at
any
time.
Section
5.04 Persons
Deemed Owners.
Prior
to
due presentation of a Certificate for registration of transfer, the Depositor
or
the Trustee and any agent of the Depositor or the Trustee may treat the Person
in whose name any Certificate is registered as the owner of such Certificate
for
the purpose of receiving distributions pursuant to Section 6.01 and for all
other purposes whatsoever. Neither the Depositor, the Trustee nor any agent
of
the Depositor or the Trustee shall be affected by notice to the contrary.
No
Certificate shall be deemed duly presented for a transfer effective on any
Record Date unless the Certificate to be transferred is presented no later
than
the close of business on the third Business Day preceding such Record
Date.
Section
5.05 Transfer
Restrictions on Residual Certificates.
(a) No
transfer, sale or other disposition of a Residual Certificate (including
a
beneficial interest therein) may be made unless, prior to the transfer, sale
or
other disposition of a Residual Certificate, (1) the proposed transferee
(including the initial purchasers thereof) delivers to the Trustee and the
Depositor an affidavit and agreement in the form attached hereto as Exhibit
E-1
stating, among other things, that as of the date of such transfer such
transferee is a Permitted Transferee and a United States Person and that
such
transferee is not acquiring such Residual Certificate for the account of
any
Person who is not a Permitted Transferee or a United States Person (a
“Transferee Affidavit”), and (2) the proposed transferor delivers to the Trustee
and the Depositor an affidavit in the form attached hereto as Exhibit E-2
to the
effect that it has no knowledge that the statements made by
the
proposed transferee in
any
such Transferee Affidavit are false (a “Transferor Affidavit”). The Tax Matters
Person shall not consent to a transfer of a Residual Certificate if it has
actual knowledge that any statement made in the Transferee
Affidavit or Transferor Affidavit issued
pursuant to the preceding sentence is not true. Notwithstanding any transfer,
sale or other disposition of a Residual Certificate to any Person who is
not a
Permitted Transferee, such transfer, sale or other disposition shall be deemed
to be of no legal force or effect whatsoever and such Person shall not be
deemed
to be a Holder of a Residual Certificate for any purpose hereunder, including,
but not limited to, the receipt of distributions thereon. If any purported
transfer shall be in violation of the provisions of this Subsection 5.05(a),
then the prior Holder thereof shall, upon discovery that the transfer of
such
Residual Certificate was not in fact permitted by this Subsection 5.05(a),
be
restored to all rights as a Holder thereof retroactive to the date of the
purported transfer. None of the Trustee or the Depositor shall be under any
liability to any Person for any registration or transfer of a Residual
Certificate that is not permitted by this Subsection 5.05(a) or for making
payments due on such Residual Certificate to the purported Holder thereof
or
taking any other action with respect to such purported Holder under the
provisions of this Agreement so long as the related Transferee Affidavit
and
Transferor Affidavit referred to above were received with respect to such
transfer, and the Trustee and the Depositor, as applicable, had no knowledge
that they were untrue. The prior Holder shall be entitled to recover from
any
purported Holder of a Residual Certificate that was in fact not a permitted
transferee under this Subsection 5.05(a) at the time it became a Holder all
payments made on such Residual Certificate. Each Holder of a Residual
Certificate, by acceptance thereof, shall be deemed for all purposes to have
consented to the provisions of this Section 5.05 and to any amendment of
this
Agreement deemed necessary (whether as a result of new legislation or otherwise)
by counsel of the Tax Matters Person, the Trustee or the Depositor to ensure
that the Residual Certificates are not transferred to any Person who is not
a
Permitted Transferee or a United States Person and that any transfer of such
Residual Certificates will not cause the imposition of a tax upon the Trust
or
cause any REMIC to fail to qualify as a REMIC.
(b) The
Residual Certificates (including a beneficial interest therein) may not be
purchased by or transferred to any Person who is not a United States
Person.
(c) By
accepting a Residual Certificate, the purchaser thereof agrees to be a Tax
Matters Person, and appoints the Trustee to act as its agent with respect
to all
matters concerning the tax obligations of the Trust.
Section
5.06 Restrictions
on Transferability of Certificates.
(a) No
offer,
sale, transfer or other disposition (including pledge) of any Certificate
shall
be made by any Holder thereof unless registered under the Securities Act,
or an
exemption from the registration requirements of the Securities Act and any
applicable state securities or “Blue Sky” laws is available and the prospective
transferee (other than the Depositor) of such Certificate signs and delivers
to
the Trustee an Investment Letter, if the transferee is an Institutional
Accredited Investor, in the form set forth as Exhibit F-l hereto, or a Rule
144A
Certificate, if the transferee is a QIB, in the form set forth as Exhibit
F-2
hereto. Notwithstanding the provisions of the immediately preceding sentence,
no
restrictions shall apply with respect to the transfer or registration of
transfer of a beneficial interest in any Certificate that is a Global
Certificate of a Class to a transferee that takes delivery in the form of
a
beneficial interest in the Global Certificate of such Class provided that
each
such transferee shall be deemed to have made such representations and warranties
contained in the Rule 144A Certificate as are sufficient to establish that
it is
a QIB. In the case of a proposed transfer of any Certificate to a transferee
other than a QIB, the Trustee may require an Opinion of Counsel addressed
to the
Trustee that such transaction is exempt from the registration requirements
of
the Securities Act. The cost of such opinion shall not be an expense of the
Trustee or the Trust Fund.
(b) The
Private Certificates shall each bear a Securities Legend.
Section
5.07 ERISA
Restrictions.
(a) Subject
to the provisions of subsection (b), no Residual Certificates or Private
Certificates may be acquired directly or indirectly by, or on behalf of,
an
employee benefit plan or other retirement arrangement which is subject to
Title
I of ERISA or Section 4975 of the Code, unless the proposed transferee provides
either (i) the Trustee, with an Opinion of Counsel addressed to the Depositor,
the Master Servicer and the Trustee (upon which they may rely) which is
satisfactory to the Trustee, which opinion will not be at the expense of
the
Depositor, the Master Servicer or the Trustee, that the purchase of such
Certificates by or on behalf of such Plan is permissible under applicable
law,
will not constitute or result in a nonexempt prohibited transaction under
ERISA
or Section 4975 of the Code and will not subject the Depositor, the Master
Servicer or the Trustee to any obligation in addition to those undertaken
in the
Agreement or (ii) in the case of the Private Certificates, a representation
or
certification to the Trustee (upon which the Trustee is authorized to rely)
to
the effect that the proposed transfer and holding of such a Certificate and
the
servicing, management and operation of the Trust: (I) will not result in
a
prohibited transaction under Section 406 of ERISA or Section 4975 of the
Code
which is not covered under an individual or class prohibited transaction
exemption including but not limited to Department of Labor Prohibited
Transaction Class Exemption (“PTCE”) 84-14 (Class Exemption for Plan Asset
Transactions Determined by Independent Qualified Professional Asset Managers);
PTCE 91-38 (Class Exemption for Certain Transactions Involving Bank Collective
Investment Funds); PTCE 90-1 (Class Exemption for Certain Transactions Involving
Insurance Company Pooled Separate Accounts), PTCE 95-60 (Class Exemption
for
Certain Transactions Involving Insurance Company General Accounts), and PTCE
96-23 (Class Exemption for Plan Asset Transactions Determined by In-House
Asset
Managers and (II) will not subject the Depositor, the Trustee, the Master
Servicer or the Trustee to any obligation in addition to those undertaken
in the
Agreement.
(b) Any
Person acquiring an interest in a Global Certificate which is a Private
Certificate, by acquisition of such Certificate, shall be deemed to have
represented to the Trustee that either: (i) it is not acquiring an interest
in
such Certificate directly or indirectly by, or on behalf of, an employee
benefit
plan or other retirement arrangement which is subject to Title I of ERISA
or
Section 4975 of the Code, or (ii) the transfer and holding of an interest
in
such Certificate to that Person and the subsequent servicing, management
and
operation of the Trust and its assets: (I) will not result in any prohibited
transaction which is not covered under an individual or class prohibited
transaction exemption, including, but not limited to, XXXX 00-00, XXXX 00-00,
XXXX 00-0, XXXX 95-60 or PTCE 96-23 and (II) will not subject the Depositor,
the
Trustee, the Master Servicer or the Trustee to any obligation in addition
to
those undertaken in the Agreement.
(c) Each
beneficial owner of a Class B-1, Class B-2, Class B-3 or Class B-4 Certificate
or any interest therein shall be deemed to have represented, by virtue of
its
acquisition or holding of that certificate or interest therein, that either
(i)
it is not a Plan or investing with “Plan Assets” within the meaning of
Department of Labor Regulation 29 C.F.R. 2510.3-101, as modified by Section
3(42) of ERISA, (ii) it has acquired and is holding such certificate in reliance
on Prohibited Transaction Exemption 90-30, as amended from time to time (the
“Exemption”), and that it understands that there are certain conditions to the
availability of the Exemption, including that the certificate must be rated,
at
the time of purchase, not lower than “BBB-” (or its equivalent) by S&P or
Fitch, and the certificate is so rated or (iii) (1) it is an insurance company,
(2) the source of funds used to acquire or hold the certificate or interest
therein is an “insurance company general account,” as such term is defined in
Prohibited Transaction Class Exemption (“PTCE”) 95-60, and (3) the conditions in
Sections I and III of PTCE 95-60 have been satisfied.
(d) Neither
the Master Servicer nor the Trustee will be required to monitor, determine
or
inquire as to compliance with the transfer restrictions with respect to the
Global Certificates. Any attempted or purported transfer of any Certificate
in
violation of the provisions of Subsections (a) or (b) above shall be void
ab
initio and such Certificate shall be considered to have been held continuously
by the prior permitted Certificateholder. Any transferor of any Certificate
in
violation of such provisions, shall indemnify and hold harmless the Trustee
and
the Master Servicer from and against any and all liabilities, claims, costs
or
expenses incurred by the Trustee or the Master Servicer as a result of such
attempted or purported transfer. The Trustee shall not be liable for transfer
of
any such Global Certificates in or through book-entry facilities of any
Depository or between or among Depository Participants or Certificate Owners
made in violation of the transfer restrictions set forth herein.
Section
5.08 Rule
144A
Information.
For
so
long as any Certificates are outstanding and are “restricted securities” within
the meaning of Rule 144(a)(3) of the Securities Act, (1) the Depositor will
provide or cause to be provided to any holder of such Certificates and any
prospective purchaser thereof designated by such a holder, upon the request
of
such holder or prospective purchaser, the information required to be provided
to
such holder or prospective purchaser by Rule 144A(d)(4) under the Securities
Act; and (2) the Depositor shall update such information from time to time
in
order to prevent such information from becoming false and misleading and
will
take such other actions as are necessary to ensure that the safe harbor
exemption from the registration requirements of the Securities Act under
Rule
144A is and will be available for resales of such Certificates conducted
in
accordance with Rule 144A.
ARTICLE
VI
PAYMENTS
TO CERTIFICATEHOLDERS
Section
6.01 Distributions
on the Certificates.
(a) Interest
and principal (as applicable) on the Certificates (other than the Residual
Certificates) will be distributed monthly on each Distribution Date, commencing
in May 2007, in an amount equal to the Available Funds on deposit in the
Distribution Account for such Distribution Date. In addition, on the
Distribution Date occurring in May 2007, the Class R-I Deposit will be
distributed to the Holders of the Class R-I Certificates, the Class R-II
Deposit
will be distributed to the Holders of the Class R-II Certificates and the
Class
R-III Deposit will be distributed to the Holders of the Class R-III
Certificates. On each Distribution Date, the Available Funds on deposit in
the
Distribution Account shall be distributed as follows:
(i) on
each
Distribution Date, the
Group I
Available Funds
will be
distributed to the Group I Senior Certificates as follows:
first,
to the
Class I-A-1, Class I-A-2 and Class I-X-1 Certificates, on a pro rata basis,
the
Accrued Certificate Interest on such Classes for such Distribution Date.
As
described below, accrued interest on the Class I-A-1, Class I-A-2 and Class
I-X-1 Certificates is subject to reduction in the event of certain Net Interest
Shortfalls allocable thereto;
second,
to the
Class I-A-1, Class I-A-2 and Class I-X-1 Certificates, on a pro rata basis,
any
Accrued Certificate Interest thereon remaining undistributed from previous
Distribution Dates, to the extent of remaining Group I Available Funds;
and
third,
to the
Class I-A-1 Certificates and Class I-A-2 Certificates, on a pro rata basis,
in
reduction of the Current Principal Amount thereof, the Group I Senior Optimal
Principal Amount for such Distribution Date to the extent of remaining Group
I
Available Funds, until the Current Principal Amounts of such Classes have
been
reduced to zero.
(ii) on
each
Distribution Date, the Group II Available Funds will be distributed to the
Group
II Senior Certificates as follows:
first,
to the
Class II-A-1, Class II-A-2, Class II-X-1 Certificates, on a pro rata basis,
the
Accrued Certificate Interest on such Class for such Distribution Date. As
described below, accrued interest on the Class II-A-1, Class II-A-2, Class
II-X-1 Certificates is subject to reduction in the event of certain Net Interest
Shortfalls allocable thereto;
second,
to the
Class II-A-1, Class II-A-2, Class II-X-1 Certificates, on a pro rata basis,
any
Accrued Certificate Interest thereon remaining undistributed from previous
Distribution Dates, to the extent of remaining Group II Available Funds;
and
third,
to the
Class II-A-1 Certificates and Class II-A-2 Certificates, on a pro rata basis,
in
reduction of the Current Principal Amounts thereof, the Group II Senior Optimal
Principal Amount for such Distribution Date to the extent of remaining Group
II
Available Funds, until the Current Principal Amounts of such Classes have
been
reduced to zero.
(iii) on
each
Distribution Date, the Group III Available Funds will be distributed to the
Group III Senior Certificates as follows:
first,
to the
Class III-A-1, Class III-A-2 and Class III-X-1 Certificates, on a pro rata
basis, the Accrued Certificate Interest on such Class for such Distribution
Date. As described below, accrued interest on the Class III-A-1, Class III-A-2
and Class III-X-1 Certificates is subject to reduction in the event of certain
Net Interest Shortfalls allocable thereto;
second,
to the
Class III-A-1, Class III-A-2 and Class III-X-1 Certificates, on a pro rata
basis, any Accrued Certificate Interest thereon remaining undistributed from
previous Distribution Dates, to the extent of remaining Group III Available
Funds; and
third,
to the
Class III-A-1 Certificates and Class III-A-2 Certificates on a pro rata basis,
in reduction of the Current Principal Amount thereof, the Group III Senior
Optimal Principal Amount for such Distribution Date to the extent of remaining
Group III Available Funds, until the Current Principal Amounts of such Classes
have been reduced to zero.
(iv) Except
as
provided in clauses (v) and (vi) below, on each Distribution Date on or prior
to
the Cross-Over Date, an amount equal to the sum of any remaining Group I,
Group
II and Group III Available Funds after the distributions in clauses (i),
(ii)
and (iii) above will be distributed sequentially, in the following order,
to the
Class B-1, Class B-2, Class B-3, Class B-4, Class B-5, Class B-6 and Class
B-7
Certificates, in each case up to an amount equal to and in the following
order:
(A) the Accrued Certificate Interest thereon for such Distribution Date,
(B) any
Accrued Certificate Interest thereon remaining undistributed from previous
Distribution Dates and (C) such Class’s Allocable Share for such Distribution
Date, in each case, to the extent of remaining Group I, Group II and Group
III
Available Funds.
(v) On
each
Distribution Date prior to the Cross-Over Date but after the reduction of
the
Current Principal Amount of all of the Senior Certificates of a Certificate
Group to zero, the remaining Class or Classes of Senior Certificates in the
remaining Certificate Groups will be entitled to receive in reduction of
their
Current Principal Amounts, pro rata based upon their Current Principal Amounts
immediately prior to such Distribution Date, in addition to any Principal
Prepayments related to such remaining Senior Certificates’ respective Loan Group
allocated to such Senior Certificates, 100% of the Principal Prepayments
on any
Mortgage Loan in the Loan Group relating to the Class or Classes of Senior
Certificates of the fully repaid Certificate Group; provided, however, that
if
(A) the weighted average of the Subordinate Percentages on such Distribution
Date equals or exceeds two times the initial weighted average of the Subordinate
Percentages and (B) the aggregate Scheduled Principal Balance of the Mortgage
Loans Delinquent 60 days or more (including for this purpose any such Mortgage
Loans in foreclosure and bankruptcy and Mortgage Loans with respect to which
the
related Mortgaged Property has been acquired by the Trust), averaged over
the
last six months, as a percentage of the aggregate Current Principal Amount
of
the Subordinate Certificates does not exceed 50%, then the additional allocation
of Principal Prepayments to the Senior Certificates in accordance with this
clause (vi) will not be made and 100% of the Principal Prepayments on any
Mortgage Loan in the Loan Group relating to the fully repaid Class or Classes
of
Senior Certificates will be allocated to the Subordinate
Certificates.
(vi) If
on any
Distribution Date on which the aggregate Current Principal Amount of the
Group
I, Group II or Group III Senior Certificates would be greater than the aggregate
Scheduled Principal Balance of the Mortgage Loans in the related Loan Group
and
any Subordinate Certificates are still outstanding, in each case after giving
effect to distributions to be made on such Distribution Date, (A) 100% of
amounts otherwise allocable to the Subordinate Certificates in respect of
principal will be distributed to the Group I, Group II or Group III Senior
Certificates in reduction of the Current Principal Amounts thereof, until
the
aggregate Current Principal Amount of such Class or Classes of Senior
Certificates is an amount equal to the aggregate Scheduled Principal Balance
of
the Mortgage Loans in the related Loan Group, and (B) the Accrued Certificate
Interest otherwise allocable to the Subordinate Certificates on such
Distribution Date will be reduced, if necessary, and distributed to such
Class
or Classes of Senior Certificates in an amount equal to the Accrued Certificate
Interest for such Distribution Date on the excess of (x) the aggregate Current
Principal Amount of such Class or Classes of Senior Certificates over (y)
the
aggregate Scheduled Principal Balance of the Mortgage Loans in the related
Loan
Group. Any such reduction in the Accrued Certificate Interest on the Subordinate
Certificates will be allocated in reverse order of the Subordinate Certificates
numerical designations, commencing with the Class B-6 Certificates.
(b) If,
after
distributions have been made pursuant to priorities first
and
second
of
clauses (a)(i), (ii) and (iii) above on any Distribution Date, the remaining
Group I, Group II or Group III Available Funds are less than the Group I,
Group
II and Group III Senior Optimal Principal Amounts, respectively, the Senior
Optimal Principal Amount for such Loan Group shall be reduced, and such
remaining Available Funds will be distributed on the related Senior
Certificates, on a pro rata basis, on the basis of such reduced
amount.
(c) On
each
Distribution Date, any Available Funds remaining after payment of interest
and
principal to the Classes of Certificates entitled thereto, as described above,
will be distributed to the Class R-III Certificates; provided that if on
any
Distribution Date there are any Group I, Group II and Group III Available
Funds
remaining after payment of interest and principal to a Class or Classes of
Certificates entitled thereto, such amounts will be distributed to the other
Classes of Senior Certificates, pro rata, based upon their Current Principal
Amounts, until all amounts due to all Classes of Senior Certificates have
been
paid in full, before any amounts are distributed to the Class R-III
Certificates.
(d) For
any
Distribution Date, “pro rata” distributions among Classes of Certificates in
respect of Accrued Certificate Interest or unpaid Accrued Certificate Interest
will be made in proportion to the amount of Accrued Certificate Interest
or
unpaid Accrued Certificate Interest, respectively, due on such Classes for
such
Distribution Date. For any Distribution Date, “pro rata” distributions among
Classes of Certificates in respect of principal will be made in proportion
to
the Current Principal Amount of such Classes immediately prior to such
Distribution Date.
(e) No
Accrued Certificate Interest will be payable with respect to any Class of
Certificates after the Distribution Date on which the Current Principal Amount
of such Certificate has been reduced to zero.
(f) If
on any
Distribution Date the Available Funds for the Senior Certificates in any
Certificate Group is less than the Accrued Certificate Interest on the related
Senior Certificates for such Distribution Date prior to reduction for Net
Interest Shortfalls and the interest portion of Realized Losses, the shortfall
will be allocated among the holders of each Class of Senior Certificates
in such
Certificate Group in proportion to the respective amounts of Accrued Certificate
Interest that would have been allocated thereto in the absence of such Net
Interest Shortfalls and/or Realized Losses for such Distribution Date. In
addition, the amount of any interest shortfalls will constitute unpaid Accrued
Certificate Interest and will be distributable to holders of the Certificates
of
the related Classes entitled to such amounts on subsequent Distribution Dates,
to the extent of the applicable Available Funds after current interest
distributions as required herein. Any such amounts so carried forward will
not
bear interest. Shortfalls in interest payments will not be offset by a reduction
in the servicing compensation of the Master Servicer or otherwise, except
to the
extent of applicable Compensating Interest Payments.
(g) The
expenses and fees of the Trust shall be paid by each of the REMICs, to the
extent that such expenses relate to the assets of each of such respective
REMICs, and all other expenses and fees of the Trust shall be paid pro rata
by
each of the REMICs.
Section
6.02 Allocation
of Losses.
(a) On
or
prior to each Determination Date, the Master Servicer shall determine the
amount
of any Realized Loss in respect of each Mortgage Loan that occurred during
the
immediately preceding calendar month, based on information provided by the
Servicer.
(b) With
respect to any Certificates on any Distribution Date, the principal portion
of
each Realized Loss on a Mortgage Loan shall be allocated as
follows:
first,
to the
Class B-7 Certificates until the Current Principal Amount thereof has been
reduced to zero;
second,
to the
Class B-6 Certificates until the Current Principal Amount thereof has been
reduced to zero;
third,
to the
Class B-5 Certificates until the Current Principal Amount thereof has been
reduced to zero;
fourth,
to the
Class B-4 Certificates until the Current Principal Amount thereof has been
reduced to zero;
fifth,
to the
Class B-3 Certificates until the Current Principal Amount thereof has been
reduced to zero;
sixth,
to
the
Class B-2 Certificates until the Current Principal Amount thereof has been
reduced to zero;
seventh,
to the
Class B-1 Certificates until the Current Principal Amount thereof has been
reduced to zero; and
eighth,
if such
loss is on (a) a Group I Mortgage Loan, to the Class I-A-1 Certificates and
Class I-A-2 Certificates until the Current Principal Amount thereof has been
reduced to zero; provided, however, any such Realized Losses otherwise allocable
to the Class I-A-1 Certificates will be allocated to the Class I-A-2
Certificates, until the Current Principal Amount of the Class I-A-2 Certificates
has been reduced to zero, and then to the Class I-A-1 Certificates; (b) a
Group
II Mortgage Loan, to
the
Class II-A-1 Certificates and Class II-A-2 Certificates, until
the
Current Principal Amount thereof has been reduced to zero; provided, however,
any such Realized Losses otherwise allocable to the Class II-A-1 Certificates
will be allocated to the Class II-A-2 Certificates, until the Current Principal
Amount of the Class II-A-2 Certificates has been reduced to zero, and then
to
the Class II-A-1 Certificates; and (c) a Group III Mortgage Loan, to the
Class
III-A-1 Certificates and Class III-A-2 Certificates until the Current Principal
Amount thereof has been reduced to zero; provided, however, any such Realized
Losses otherwise allocable to the Class III-A-1 Certificates will be allocated
to the Class III-A-2 Certificates, until the Current Principal Amount of
the
Class III-A-2 Certificates has been reduced to zero, and then to the Class
III-A-1 Certificates.
(c) Notwithstanding
the foregoing clause (b), no such allocation of any Realized Loss shall be
made
on a Distribution Date to any Class of Certificates to the extent that such
allocation would result in the reduction of the aggregate Current Principal
Amount of all the Certificates (other than the Class R Certificates) as of
such
Distribution Date, after giving effect to all distributions and prior
allocations of Realized Losses on the Mortgage Loans on such date, to an
amount
less than the aggregate Scheduled Principal Balance of all of the Mortgage
Loans
as of the first day of the month of such Distribution Date (such limitation,
the
“Loss Allocation Limitation”).
(d) Any
Realized Losses allocated to a Class of Certificates shall be allocated among
the Certificates of such Class in proportion to their respective Current
Principal Amounts. Any allocation of Realized Losses shall be accomplished
by
reducing the Current Principal Amount of the related Certificates on the
related
Distribution Date.
(e) Realized
Losses shall be allocated on the Distribution Date in the month following
the
month in which such loss was incurred and, in the case of the principal portion
thereof, after giving effect to distributions made on such Distribution
Date.
(f) On
each
Distribution Date, the Trustee shall determine and notify the Trustee of
the
Subordinate Certificate Writedown Amount. Any Subordinate Certificate Writedown
Amount shall effect a corresponding reduction in the Current Principal Amount
of
(i) if prior to the Cross-Over Date, the Current Principal Amounts of the
Subordinate Certificates, in the reverse order of their numerical Class
designations and (ii) from and after the Cross-Over Date, the Senior
Certificates, in accordance with priorities set forth in clause (b) above,
which
reduction shall occur on such Distribution Date after giving effect to
distributions made on such Distribution Date.
(g) Any
Net
Interest Shortfall will be allocated among the Classes of Certificates (other
than the Residual Certificates) in proportion to the respective amounts of
Accrued Certificate Interest that would have been allocated thereto in the
absence of such Net Interest Shortfall for such Distribution Date. The interest
portion of any Realized Losses with respect to the Mortgage Loans occurring
on
or prior to the Cross-Over Date will not be allocated among any Certificates,
but will reduce the amount of Available Funds on the related Distribution
Date.
As a result of the subordination of the Subordinate Certificates in right
of
distribution, such Realized Losses on the Mortgage Loans will be borne by
the
Subordinate Certificates, in inverse order of their numerical Class
designations. Following the Cross-Over Date, the interest portion of Realized
Losses on the Mortgage Loans will be allocated to the Senior Certificates
in the
manner described in the first sentence of this clause (g).
(h) In
addition, in the event that the Master Servicer receives any Subsequent
Recoveries from the Servicer, the Master Servicer shall deposit such funds
into
the Master Servicer Collection Account pursuant to Section 4.03. If, after
taking into account such Subsequent Recoveries, the amount of a Realized
Loss is
reduced, the amount of such Subsequent Recoveries will be applied to increase
the Current Principal Amount of the Class of Subordinate Certificates with
the
highest payment priority to which Realized Losses have been allocated, but
not
by more than the amount of Realized Losses previously allocated to that Class
of
Subordinate Certificates pursuant to this Section 6.02. The amount of any
remaining Subsequent Recoveries will be applied to sequentially increase
the
Current Principal Amount of the Subordinate Certificates, beginning with
the
Class of Subordinate Certificates with the next highest payment priority,
up to
the amount of such Realized Losses previously allocated to such Class of
Certificates pursuant to this Section 6.02. Holders of such Certificates
will
not be entitled to any payment in respect of current interest on the amount
of
such increases for any Interest Accrual Period preceding the Distribution
Date
on which such increase occurs. Any such increases shall be applied to the
Current Principal Amount of each Subordinate Certificate of such Class in
accordance with its respective Fractional Undivided Interest.
Section
6.03 Payments.
(a) On
each
Distribution Date, other than the final Distribution Date, the Trustee shall
distribute to each Certificateholder of record as of the immediately preceding
Record Date the Certificateholder’s pro rata share of its Class (based on the
aggregate Fractional Undivided Interest represented by such Holder’s
Certificates) of all amounts required to be distributed on such Distribution
Date to such Class, based on information provided to the Trustee. The Trustee
shall calculate the amount to be distributed to each Class and, based on
such
amounts, the Trustee shall determine the amount to be distributed to each
Certificateholder. All of the Trustee’s calculations of payments shall be based
solely on information provided to the Trustee by the Master Servicer. The
Trustee shall not be required to confirm, verify or recompute any such
information but shall be entitled to rely conclusively on such
information.
(b) Payment
of the above amounts to each Certificateholder shall be made (i) by check
mailed
to each Certificateholder entitled thereto at the address appearing in the
Certificate Register or (ii) upon receipt by the Trustee on or before the
fifth
Business Day preceding the Record Date of written instructions from a
Certificateholder by wire transfer to a United States dollar account maintained
by the payee at any United States depository institution with appropriate
facilities for receiving such a wire transfer; provided, however, that the
final
payment in respect of each Class of Certificates will be made only upon
presentation and surrender of such respective Certificates at the office
or
agency of the Trustee specified in the notice to Certificateholders of such
final payment.
Section
6.04 Statements
to Certificateholders.
(a) Concurrently
with each distribution to Certificateholders, the Trustee shall make available
to the parties hereto and each Certificateholder via the Trustee’s internet
website as set forth below, the following information, expressed with respect
to
clauses (i) through (vii) in the aggregate and as a Fractional Undivided
Interest representing an initial Current Principal Amount of $1,000, or in
the
case of the Residual Certificates, an initial Current Principal Amount of
$50:
(i) the
Current Principal Amount of each Class of Certificates immediately prior
to such
Distribution Date;
(ii) the
amount of the distribution allocable to principal on each applicable Class
of
Certificates;
(iii) the
aggregate amount of interest accrued at the related Pass-Through Rate with
respect to each Class during the related Interest Accrual Period;
(iv) the
Net
Interest Shortfall and any other adjustments to interest at the related
Pass-Through Rate necessary to account for any difference between interest
accrued and aggregate interest distributed with respect to each Class of
Certificates;
(v) the
amount of the distribution allocable to interest on each Class of
Certificates;
(vi) the
Pass-Through Rates for each Class of Certificates with respect to such
Distribution Date;
(vii) the
Current Principal Amount of each Class of Certificates after such Distribution
Date;
(viii) the
amount of any Monthly Advances, Compensating Interest Payments and outstanding
unreimbursed advances by the Master Servicer or the Servicer included in
such
distribution separately stated for each Loan Group;
(ix) the
aggregate amount of any Realized Losses (listed separately for each category
of
Realized Loss and for each Loan Group) during the related calendar month
and
cumulatively since the Cut-off Date and the amount and source (separately
identified) of any distribution in respect thereof included in such
distribution;
(x) with
respect to each Mortgage Loan which incurred a Realized Loss during the related
Prepayment Period, (i) the loan number, (ii) the Scheduled Principal Balance
of
such Mortgage Loan as of the Cut-off Date, (ii) the Scheduled Principal Balance
of such Mortgage Loan as of the beginning of the related Due Period, (iii)
the
Net Liquidation Proceeds with respect to such Mortgage Loan and (iv) the
amount
of the Realized Loss with respect to such Mortgage Loan;
(xi) with
respect to each Loan Group, the amount of Scheduled Principal and Principal
Prepayments, (including but separately identifying the principal amount of
Principal Prepayments, Insurance Proceeds, the purchase price in connection
with
the purchase of Mortgage Loans, cash deposits in connection with substitutions
of Mortgage Loans and Net Liquidation Proceeds) and the number and principal
balance of Mortgage Loans purchased or substituted for during the relevant
period and cumulatively since the Cut-off Date;
(xii) the
number of Mortgage Loans (excluding REO Property) in each Loan Group remaining
in the Trust Fund as of the end of the related Prepayment Period;
(xiii) information
for each Loan Group and in the aggregate regarding any Mortgage Loan
delinquencies as of the end of the related calendar month, including the
aggregate number and aggregate Outstanding Principal Balance of Mortgage
Loans
using the MBA method of calculation (a) Delinquent 30 to 59 days on a
contractual basis, (b) Delinquent 60 to 89 days on a contractual basis, and
(c)
Delinquent 90 or more days on a contractual basis, in each case as of the
close
of business on the last Business Day of the immediately preceding
month;
(xiv) for
each
Loan Group, the number of Mortgage Loans in the foreclosure process as of
the
end of the related Due Period and the aggregate Outstanding Principal Balance
of
such Mortgage Loans;
(xv) for
each
Loan Group, the number and aggregate Outstanding Principal Balance of all
Mortgage Loans as to which the Mortgaged Property was REO Property as of
the end
of the related Due Period;
(xvi) the
book
value (the sum of (A) the Outstanding Principal Balance of the Mortgage Loan,
(B) accrued interest through the date of foreclosure and (C) foreclosure
expenses) of any REO Property in each Loan Group; provided that, in the event
that such information is not available to the Trustee on the Distribution
Date,
such information shall be furnished promptly after it becomes
available;
(xvii) the
amount of Realized Losses allocated to each Class of Certificates since the
prior Distribution Date and in the aggregate for all prior Distribution Dates;
and
(xviii) the
Average Loss Severity Percentage for each Loan Group; and
(xix) the
then
applicable Group I, Group II and Group III Senior Percentage, Group I, Group
II
and Group III Senior Prepayment Percentage, Group I, Group II and Group III
Subordinate Percentage and Group I, Group II and Group III Subordinate
Prepayment Percentage.
The
information set forth above shall be calculated or reported, as the case
may be,
by the Trustee, based solely on, and to the extent of, information provided
to
the Trustee by the Master Servicer. The Trustee may conclusively rely on
such
information and shall not be required to confirm, verify or recalculate any
such
information.
The
Trustee may make available each month, to any interested party, the monthly
statement to Certificateholders via the Trustee’s website initially located at
“xxx.xxxxxxx.xxx.” Assistance in using the website can be obtained by calling
the Trustee’s customer service desk at (000) 000-0000. Parties that are unable
to use the above distribution option are entitled to have a paper copy mailed
to
them via first class mail by calling the Trustee’s customer service desk and
indicating such. The Trustee shall have the right to change the way such
reports
are distributed in order to make such distribution more convenient and/or
more
accessible to the parties, and the Trustee shall provide timely and adequate
notification to all parties regarding any such change.
(b) By
April
30 of each year beginning in 2008, the Trustee will furnish such report to
each
Holder of the Certificates of record at any time during the prior calendar
year
as to the aggregate of amounts reported pursuant to subclauses (a)(ii) and
(a)(v) above with respect to the Certificates, plus information, upon request,
with respect to the amount of servicing compensation and such other customary
information as the Trustee may determine to be necessary and/or to be required
by the Internal Revenue Service or by a federal or state law or rules or
regulations to enable such Holders to prepare their tax returns for such
calendar year. Such obligations shall be deemed to have been satisfied to
the
extent that substantially comparable information shall be provided by the
Trustee or the Trustee pursuant to the requirements of the Code.
Section
6.05 Monthly
Advances.
The
Master Servicer shall cause the Servicer to remit any Advance required pursuant
to the terms of the Servicing Agreement. The related Servicer shall be obligated
to make any such Advance only to the extent that such advance would not be
a
Nonrecoverable Advance. If the Servicer shall have determined that it has
made a
Nonrecoverable Advance or that a proposed Advance or a lesser portion of
such
Advance would constitute a Nonrecoverable Advance, the Servicer shall deliver
(i) to the Master Servicer for the benefit of the Certificateholders funds
constituting the remaining portion of such Advance, if applicable, and (ii)
to
the Depositor, the Master Servicer, each Rating Agency and the Trustee an
Officer’s Certificate setting forth the basis for such determination.
Subject
to the Master Servicer’s recoverability determination, in the event that the
Servicer fails to make a required Advance, the Master Servicer, as successor
servicer, shall be required to remit the amount of such Advance to the Master
Servicer Collection Account in accordance with Section 4.03. If
the
Master Servicer was required to make an Advance but failed to do so, the
Trustee, upon receiving notice or becoming aware of such failure, and pursuant
to the applicable terms of this Agreement, shall appoint a successor master
servicer who will make such Advance, or the Trustee as successor master servicer
shall be
required to remit the amount of such Advance to the Distribution Account,
unless
the Trustee in its capacity as successor master servicer shall have determined
that such Advance is a Nonrecoverable Advance.
Section
6.06 Compensating
Interest Payments.
The
Master Servicer shall cause the Servicer under the Servicing Agreement to
remit
any required Compensating Interest Payments to the Distribution Account on
the
Remittance Date.
ARTICLE
VII
THE
MASTER SERVICER
Section
7.01 Liabilities
of the Master Servicer.
The
Master Servicer shall be liable in accordance herewith only to the extent
of the
obligations specifically imposed upon and undertaken by it herein.
Section
7.02 Merger
or
Consolidation of the Master Servicer.
(a) The
Master Servicer will keep in full force and effect its existence, rights
and
franchises as a corporation under the laws of the state of its incorporation,
and will obtain and preserve its qualification to do business as a foreign
corporation in each jurisdiction in which such qualification is or shall
be
necessary to protect the validity and enforceability of this Agreement, the
Certificates or any of the Mortgage Loans and to perform its duties under
this
Agreement.
(b) Any
Person into which the Master Servicer may be merged or consolidated, or any
corporation resulting from any merger or consolidation to which the Master
Servicer shall be a party, or any Person succeeding to the business of the
Master Servicer, shall be the successor of the Master Servicer hereunder,
without the execution or filing of any paper or further act on the part of
any
of the parties hereto, anything herein to the contrary
notwithstanding.
Section
7.03 Indemnification
of the Master Servicer.
(a) The
Master Servicer agrees to indemnify the Indemnified Persons for, and to hold
them harmless against, any loss, liability or expense (including reasonable
legal fees and disbursements of counsel) incurred on their part that may
be
sustained in connection with, arising out of, or relating to, any claim or
legal
action (including any pending or threatened claim or legal action) relating
to
this Agreement, the Servicing Agreement, the Assignment Agreements or the
Certificates or the powers of attorney delivered by the Trustee hereunder
(i)
related to the Master Servicer’s failure to perform its duties in compliance
with this Agreement (except as any such loss, liability or expense shall
be
otherwise reimbursable pursuant to this Agreement) or (ii) incurred by reason
of
the Master Servicer’s willful misfeasance, bad faith or gross negligence in the
performance of its duties hereunder or by reason of reckless disregard of
its
obligations and duties hereunder, provided, in each case, that with respect
to
any such claim or legal action (or pending or threatened claim or legal action),
the Trustee shall have given the Master Servicer and the Depositor written
notice thereof promptly after a Responsible Officer of the Trustee shall
have
with respect to such claim or legal action actual knowledge thereof. The
Master
Servicer’s failure to receive any such notice shall not affect the Trustee’s
right to indemnification hereunder, except to the extent the Master Servicer
is
materially prejudiced by such failure to give notice. This indemnity
shall survive the resignation or removal of the Trustee, Master Servicer
or the
Trustee and the termination of this Agreement.
(b) The
Depositor will indemnify any Indemnified Person for any loss, liability or
expense of any Indemnified Person not otherwise covered by the Master Servicer’s
indemnification pursuant to Subsection (a) above.
Section
7.04 Limitations
on Liability of the Master Servicer and Others.
Subject
to the obligation of the Master Servicer to indemnify the Indemnified Persons
pursuant to Section 7.03:
(a) Neither
the Master Servicer nor any of the directors, officers, employees or agents
of
the Master Servicer shall be under any liability to the Indemnified Persons,
the
Depositor, the Trust Fund or the Certificateholders for taking any action
or for
refraining from taking any action in good faith pursuant to this Agreement,
or
for errors in judgment; provided, however, that this provision shall not
protect
the Master Servicer or any such Person against any breach of warranties or
representations made herein or any liability which would otherwise be imposed
by
reason of such Person’s willful misfeasance, bad faith or gross negligence in
the performance of duties or by reason of reckless disregard of obligations
and
duties hereunder.
(b) The
Master Servicer and any director, officer, employee or agent of the Master
Servicer may rely in good faith on any document of any kind prima facie properly
executed and submitted by any Person respecting any matters arising
hereunder.
(c) The
Master Servicer, the Custodian and any director, officer, employee or agent
of
the Master Servicer or the Custodian, shall be indemnified by the Trust and
held
harmless thereby against any loss, liability or expense (including reasonable
legal fees and disbursements of counsel) incurred on their part that may
be
sustained in connection with, arising out of, or related to, any claim or
legal
action (including any pending or threatened claim or legal action) relating
to
this Agreement, the Certificates or the Servicing Agreement (except to the
extent that the Master Servicer or the Trustee, as the case may be, is
indemnified by the Servicer thereunder), other than (i) any such loss, liability
or expense related to the Master Servicer's failure to perform its duties
in
compliance with this Agreement (except as any such loss, liability or expense
shall be otherwise reimbursable pursuant to this Agreement), or to the
Custodian's failure to perform its duties under the Custodial Agreement,
respectively, or (ii) any such loss, liability or expense incurred by reason
of
the Master Servicer's or the Custodian's willful misfeasance, bad faith or
gross
negligence in the performance of duties hereunder or under the Custodial
Agreement, as applicable, or by reason of reckless disregard of obligations
and
duties hereunder or under the Custodial Agreement, as applicable.
(d) The
Master Servicer shall not be under any obligation to appear in, prosecute
or
defend any legal action that is not incidental to its duties under this
Agreement and that in its opinion may involve it in any expense or liability;
provided, however, the Master Servicer may in its discretion, with the consent
of the Trustee (which consent shall not be unreasonably withheld), undertake
any
such action which it may deem necessary or desirable with respect to this
Agreement and the rights and duties of the parties hereto and the interests
of
the Certificateholders hereunder. In such event, the legal expenses and costs
of
such action and any liability resulting therefrom shall be expenses, costs
and
liabilities of the Trust Fund, and the Master Servicer shall be entitled
to be
reimbursed therefor out of the Distribution Account as provided by Section
4.05.
Nothing in this Subsection 7.04(d) shall affect the Master Servicer’s obligation
to supervise, or to take such actions as are necessary to ensure, the servicing
and administration of the Mortgage Loans pursuant to Subsection
3.01(a).
(e) In
taking
or recommending any course of action pursuant to this Agreement, unless
specifically required to do so pursuant to this Agreement, the Master Servicer
shall not be required to investigate or make recommendations concerning
potential liabilities which the Trust might incur as a result of such course
of
action by reason of the condition of the Mortgaged Properties but shall give
notice to the Trustee if it has notice of such potential
liabilities.
(f) The
Master Servicer shall not be liable for any acts or omissions of the Servicer,
except as otherwise expressly provided herein.
Section
7.05 Master
Servicer Not to Resign.
Except
as
provided in Section 7.07, the Master Servicer shall not resign from the
obligations and duties hereby imposed on it except upon a determination that
any
such duties hereunder are no longer permissible under applicable law and
such
impermissibility cannot be cured. Any such determination permitting the
resignation of the Master Servicer shall be evidenced by an Opinion of
Independent Counsel addressed to the Trustee to such effect delivered to
the
Trustee. No such resignation by the Master Servicer shall become effective
until
EMC or the Trustee or a successor to the Master Servicer reasonably satisfactory
to the Trustee shall have assumed the responsibilities and obligations of
the
Master Servicer in accordance with Section 8.02 hereof. The Trustee shall
notify
the Rating Agencies of the resignation of the Master Servicer.
Section
7.06 Successor
Master Servicer.
In
connection with the appointment of any successor master servicer or the
assumption of the duties of the Master Servicer, EMC or the Trustee may make
arrangements for the compensation of such successor master servicer out of
payments on the Mortgage Loans as EMC or the Trustee and such successor master
servicer shall agree. If the successor master servicer does not agree that
such
market value is a fair price, such successor master servicer shall obtain
two
quotations of market value from third parties actively engaged in the servicing
of single-family mortgage loans. Notwithstanding the foregoing, the compensation
payable to a successor master servicer may not exceed the compensation which
the
Master Servicer would have been entitled to retain if the Master Servicer
had
continued to act as Master Servicer hereunder.
Section
7.07 Sale
and
Assignment of Master Servicing.
The
Master Servicer may sell and assign its rights and delegate its duties and
obligations in its entirety as Master Servicer under this Agreement; provided,
however, that: (i) the purchaser or transferee accepting such assignment
and
delegation (a) shall be a Person which shall be qualified to service mortgage
loans for Xxxxxx Xxx or Xxxxxxx Mac; (b) shall have a net worth of not less
than
$15,000,000 (unless otherwise approved by each Rating Agency pursuant to
clause
(ii) below); (c) shall be reasonably satisfactory to the Trustee (as evidenced
in a writing signed by the Trustee); and (d) shall execute and deliver to
the
Trustee an agreement, in form and substance reasonably satisfactory to the
Trustee, which contains an assumption by such Person of the due and punctual
performance and observance of each covenant and condition to be performed
or
observed by it as master servicer under this Agreement, any custodial agreement
from and after the effective date of such agreement; (ii) each Rating Agency
shall be given prior written notice of the identity of the proposed successor
to
the Master Servicer and each Rating Agency’s rating of the Certificates in
effect immediately prior to such assignment, sale and delegation will not
be
downgraded, qualified or withdrawn as a result of such assignment, sale and
delegation, as evidenced by a letter to such effect delivered to the Master
Servicer and the Trustee; and (iii) the Master Servicer assigning and selling
the master servicing shall deliver to the Trustee an Officer’s Certificate and
an Opinion of Independent Counsel addressed to the Trustee, each stating
that
all conditions precedent to such action under this Agreement have been completed
and such action is permitted by and complies with the terms of this Agreement.
No such assignment or delegation shall affect any liability of the Master
Servicer arising prior to the effective date thereof.
ARTICLE
VIII
DEFAULT
Section
8.01 Events
of
Default.
“Event
of
Default,” wherever used herein, means any one of the following events (whatever
the reason for such Event of Default and whether it shall be voluntary or
involuntary or be effected by operation of law or pursuant to any judgment,
decree or order of any court or any order, rule or regulation of any
administrative or governmental body) and only with respect to the defaulting
Master Servicer:
(i) any
failure by the Master Servicer to remit to the Trustee any amounts received
or
collected by the Master Servicer in respect of the Mortgage Loans and required
to be remitted by it (other than any Monthly Advance) pursuant to this
Agreement, which failure shall continue unremedied for one Business Day after
the date on which written notice of such failure shall have been given to
the
Master Servicer by the Trustee or the Depositor, or to the Trustee and the
Master Servicer by the Holders of Certificates evidencing not less than 25%
of
the Voting Rights evidenced by the Certificates; or
(ii) The
Master Servicer fails to observe or perform in any material respect any other
material covenants and agreements set forth in this Agreement to be performed
by
it, which covenants and agreements materially affect the rights of
Certificateholders, and such failure continues unremedied for a period of
60
days after the date on which written notice of such failure, properly requiring
the same to be remedied, shall have been given to the Master Servicer by
the
Trustee or to the Master Servicer and the Trustee by the Holders of Certificates
evidencing Fractional Undivided Interests aggregating not less than 25% of
the
Trust Fund; or
(iii) There
is
entered against the Master Servicer a decree or order by a court or agency
or
supervisory authority having jurisdiction in the premises for the appointment
of
a conservator, receiver or liquidator in any insolvency, readjustment of
debt,
marshaling of assets and liabilities or similar proceedings, or for the winding
up or liquidation of its affairs, and the continuance of any such decree
or
order is unstayed and in effect for a period of 60 consecutive days, or an
involuntary case is commenced against the Master Servicer under any applicable
insolvency or reorganization statute and the petition is not dismissed within
60
days after the commencement of the case; or
(iv) The
Master Servicer consents to the appointment of a conservator or receiver
or
liquidator in any insolvency, readjustment of debt, marshaling of assets
and
liabilities or similar proceedings of or relating to the Master Servicer
or
substantially all of its property; or the Master Servicer admits in writing
its
inability to pay its debts generally as they become due, files a petition
to
take advantage of any applicable insolvency or reorganization statute, makes
an
assignment for the benefit of its creditors, or voluntarily suspends payment
of
its obligations;
(v) The
Master Servicer assigns or delegates its duties or rights under this Agreement
in contravention of the provisions permitting such assignment or delegation
under Sections 7.05 or 7.07; or
(vi) The
Master Servicer fails to deposit, or cause to be deposited, in the Distribution
Account any Monthly Advance required to be made by the Master Servicer (other
than a Nonrecoverable Advance) by the close of business on the Business Day
prior to the related Distribution Date.
In
each
and every such case, so long as such Event of Default with respect to the
Master
Servicer shall not have been remedied, either the Trustee or the Holders
of
Certificates evidencing Fractional Undivided Interests aggregating not less
than
51% of the principal of the Trust Fund, by notice in writing to the Master
Servicer (and to the Trustee if given by such Certificateholders), with a
copy
to the Rating Agencies, and with the consent of EMC, may terminate all of
the
rights and obligations (but not the liabilities) of the Master Servicer under
this Agreement and in and to the Mortgage Loans and/or the REO Property serviced
by the Master Servicer and the proceeds thereof. Upon the receipt by the
Master
Servicer of the written notice, all authority and power of the Master Servicer
under this Agreement, whether with respect to the Certificates, the Mortgage
Loans, REO Property or under any other related agreements (but only to the
extent that such other agreements relate to the Mortgage Loans or related
REO
Property) shall, subject to Section 8.02, automatically and without further
action pass to and be vested in the Trustee in its capacity as successor
master
servicer pursuant to this Section 8.01; and, without limitation, the Trustee
is
hereby authorized and empowered to execute and deliver, on behalf of the
Master
Servicer as attorney-in-fact or otherwise, any and all documents and other
instruments and to do or accomplish all other acts or things necessary or
appropriate to effect the purposes of such notice of termination, whether
to
complete the transfer and endorsement or assignment of the Mortgage Loans
and
related documents, or otherwise. The Master Servicer agrees to cooperate
with
the Trustee in its capacity as successor master servicer (or such other
successor master servicer as may be appointed hereunder) in effecting the
termination of the Master Servicer’s rights and obligations hereunder,
including, without limitation, the transfer to the Trustee in its capacity
as
successor master servicer (or such other successor master servicer as may
be
appointed hereunder) of (i) the property and amounts which are then or should
be
part of the Trust or which thereafter become part of the Trust; and (ii)
originals or copies of all documents of the Master Servicer reasonably requested
by the Trustee in its capacity as successor master servicer (or such other
successor master servicer as may be appointed hereunder) to enable it to
assume
the Master Servicer’s duties thereunder. In addition to any other amounts which
are then, or, notwithstanding the termination of its activities under this
Agreement, may become payable to the Master Servicer under this Agreement,
the
Master Servicer shall be entitled to receive, out of any amount received
on
account of a Mortgage Loan or related REO Property, that portion of such
payments which it would have received as reimbursement under this Agreement
if
notice of termination had not been given. The termination of the rights and
obligations of the Master Servicer shall not affect any obligations incurred
by
the Master Servicer prior to such termination. The Trustee shall promptly
notify
the Trustee in writing of the occurrence of an Event of Default under clauses
(i) or (vi) above.
Notwithstanding
the foregoing, if an Event of Default described in clause (vi) of this Section
8.01 shall occur and the Trustee fails to make such Advance described in
clause
(vi) of Section 8.01, the Trustee upon receiving notice or becoming aware
of
such failure, and pursuant to the applicable terms of this Agreement, shall,
by
notice in writing to the Master Servicer, which may be delivered by telecopy,
immediately terminate all of the rights and obligations of the Master Servicer
thereafter arising under this Agreement, but without prejudice to any rights
it
may have as a Certificateholder or to reimbursement of Monthly Advances and
other advances of its own funds, and the Trustee in its capacity as successor
master servicer (or such other successor master servicer as may be appointed
hereunder) shall act as provided in Section 8.02 to carry out the duties
of the
Master Servicer, including the obligation to make any Monthly Advance the
nonpayment of which was an Event of Default described in clause (vi) of this
Section 8.01. Any such action taken by the Trustee in its capacity as successor
master servicer (or such other successor master servicer as may be appointed
hereunder) must be prior to the distribution on the relevant Distribution
Date.
Section
8.02 Trustee
to Act; Appointment of Successor.
(a) Upon
the
receipt by the Master Servicer of a notice of termination pursuant to Section
8.01 or an Opinion of Independent Counsel pursuant to Section 7.05 to the
effect
that the Master Servicer is legally unable to act or to delegate its duties
to a
Person which is legally able to act, the Trustee shall automatically become
the
successor in all respects to the Master Servicer in its capacity under this
Agreement and the transactions set forth or provided for herein and shall
thereafter have all of the rights and powers of, and be subject to all the
responsibilities, duties, liabilities and limitations on liabilities relating
thereto placed on the Master Servicer by the terms and provisions hereof;
provided, however, that the Trustee in its capacity as successor master servicer
shall have no obligation whatsoever with respect to any liability (other
than
advances deemed recoverable and not previously made) incurred by the Master
Servicer at or prior to the time of termination. As compensation therefor,
but
subject to Section 7.06, the Trustee in its capacity as successor master
servicer shall be entitled to compensation which the Master Servicer would
have
been entitled to retain if the Master Servicer had continued to act hereunder,
except for those amounts due the Master Servicer as reimbursement permitted
under this Agreement for advances previously made or expenses previously
incurred. Notwithstanding the above, the Trustee may, if it shall be unwilling
so to act, or shall, if it is legally unable so to act, appoint or petition
a
court of competent jurisdiction to appoint, any established housing and home
finance institution which is a Xxxxxx Xxx- or Xxxxxxx Mac-approved servicer,
and
with respect to a successor to the Master Servicer only, having a net worth
of
not less than $15,000,000, as the successor to the Master Servicer hereunder
in
the assumption of all or any part of the responsibilities, duties or liabilities
of the Master Servicer hereunder; provided, that the Trustee shall obtain
a
letter from each Rating Agency that the ratings, if any, on each of the
Certificates will not be lowered as a result of the selection of the successor
to the Master Servicer. Pending appointment of a successor to the Master
Servicer hereunder, the Trustee in its capacity as successor master servicer
shall act in such capacity as hereinabove provided. In connection with such
appointment and assumption, the Trustee may make such arrangements for the
compensation of such successor out of payments on the Mortgage Loans as it
and
such successor shall agree; provided, however, that the provisions of Section
7.06 shall apply, the compensation shall not be in excess of that which the
Master Servicer would have been entitled to if the Master Servicer had continued
to act hereunder, and that such successor shall undertake and assume the
obligations of the Trustee to pay compensation to any third Person acting
as an
agent or independent contractor in the performance of master servicing
responsibilities hereunder. The Trustee and such successor shall take such
action, consistent with this Agreement, as shall be necessary to effectuate
any
such succession.
(b) If
the
Trustee shall succeed to any duties of the Master Servicer respecting the
Mortgage Loans as provided herein, it shall do so in a separate capacity
and not
in its capacity as Trustee and, accordingly, the provisions of Article IX
shall
be inapplicable to the Trustee in its duties as the successor to the Master
Servicer in the servicing of the Mortgage Loans (although such provisions
shall
continue to apply to the Trustee in its capacity as Trustee); the provisions
of
Article VII, however, shall apply to it in its capacity as successor master
servicer.
Section
8.03 Notification
to Certificateholders.
Upon
any
termination or appointment of a successor to the Master Servicer, the Trustee
shall give prompt written notice thereof to Certificateholders at their
respective addresses appearing in the Certificate Register and to the Rating
Agencies.
Section
8.04 Waiver
of
Defaults.
The
Trustee shall transmit by mail to all Certificateholders, within 60 days
after
the occurrence of any Event of Default actually known to a Responsible Officer
of the Trustee, unless such Event of Default shall have been cured, notice
of
each such Event of Default. The Holders of Certificates evidencing Fractional
Undivided Interests aggregating not less than 51% of the Trust Fund may,
on
behalf of all Certificateholders, waive any default by the Master Servicer
in
the performance of its obligations hereunder and the consequences thereof,
except a default in the making of or the causing to be made any required
distribution on the Certificates, which default may only be waived by Holders
of
Certificates evidencing Fractional Undivided Interests aggregating 100% of
the
Trust Fund. Upon any such waiver of a past default, such default shall be
deemed
to cease to exist, and any Event of Default arising therefrom shall be deemed
to
have been timely remedied for every purpose of this Agreement. No such waiver
shall extend to any subsequent or other default or impair any right consequent
thereon except to the extent expressly so waived. The Trustee shall give
notice
of any such waiver to the Rating Agencies.
Section
8.05 List
of
Certificateholders.
Upon
written request of three or more Certificateholders of record, for purposes
of
communicating with other Certificateholders with respect to their rights
under
this Agreement, the Trustee will afford such Certificateholders access during
business hours to the most recent list of Certificateholders held by the
Trustee.
ARTICLE
IX
CONCERNING
THE TRUSTEE
Section
9.01 Duties
of
Trustee.
(a) The
Trustee, prior to the occurrence of an Event of Default and after the curing
or
waiver of all Events of Default which may have occurred, and the Trustee
each
undertake to perform such duties and only such duties as are specifically
set
forth in this Agreement as duties of the Trustee, respectively. If an Event
of
Default has occurred and has not been cured or waived, the Trustee shall
exercise such of the rights and powers vested in it by this Agreement, and
subject to Section 8.02(b) use the same degree of care and skill in their
exercise, as a prudent person would exercise under the circumstances in the
conduct of his own affairs.
(b) Upon
receipt of all resolutions, certificates, statements, opinions, reports,
documents, orders or other instruments which are specifically required to
be
furnished to the Trustee pursuant to any provision of this Agreement, the
Trustee, respectively, shall examine them to determine whether they are in
the
form required by this Agreement; provided, however, that the Trustee shall
not
be responsible for the accuracy or content of any resolution, certificate,
statement, opinion, report, document, order or other instrument furnished
hereunder; provided, further, the Trustee shall not be responsible for the
accuracy or verification of any calculation provided to it pursuant to this
Agreement.
(c) On
each
Distribution Date, the Trustee shall make monthly distributions and the final
distribution to the Certificateholders from funds in the Distribution Account
as
provided in Sections 6.01 and 10.01 herein based solely on the report of
the
Trustee.
(d) No
provision of this Agreement shall be construed to relieve the Trustee from
liability for its own negligent action, its own negligent failure to act
or its
own willful misconduct; provided, however, that:
(i) Prior
to
the occurrence of an Event of Default, and after the curing or waiver of
all
such Events of Default which may have occurred, the duties and obligations
of
the Trustee shall be determined solely by the express provisions of this
Agreement, the Trustee shall not be liable except for the performance of
its
duties and obligations as are specifically set forth in this Agreement, no
implied covenants or obligations shall be read into this Agreement against
the
Trustee and, in the absence of bad faith on the part of the Trustee, the
Trustee
may conclusively rely, as to the truth of the statements and the correctness
of
the opinions expressed therein, upon any certificates or opinions furnished
to
the Trustee and conforming to the requirements of this Agreement;
(ii) The
Trustee shall not be liable in its individual capacity for an error of judgment
made in good faith by a Responsible Officer or Responsible Officers of the
Trustee unless it shall be proved that the Trustee was negligent in ascertaining
the pertinent facts;
(iii) The
Trustee shall not be liable with respect to any action taken, suffered or
omitted to be taken by it in good faith in accordance with the directions
of the
Holders of Certificates evidencing Fractional Undivided Interests aggregating
not less than 25% of the Trust Fund, if such action or non-action relates
to the
time, method and place of conducting any proceeding for any remedy available
to
the Trustee or exercising any trust or other power conferred upon the Trustee
under this Agreement;
(iv) The
Trustee shall not be required to take notice or be deemed to have notice
or
knowledge of any default or Event of Default unless a Responsible Officer
of the
Trustee’s Corporate Trust Office shall have actual knowledge thereof. In the
absence of such notice, the Trustee may conclusively assume there is no such
default or Event of Default;
(v) The
Trustee shall not in any way be liable by reason of any insufficiency in
any
Account held by or in the name of Trustee unless it is determined by a court
of
competent jurisdiction that the Trustee’s gross negligence or willful misconduct
was the primary cause of such insufficiency (except to the extent that the
Trustee is obligor and has defaulted thereon);
(vi) Anything
in this Agreement to the contrary notwithstanding, in no event shall the
Trustee
be liable for special, indirect or consequential loss or damage of any kind
whatsoever (including but not limited to lost profits), even if the Trustee
has
been advised of the likelihood of such loss or damage and regardless of the
form
of action;
(vii) Neither
of the Trustee nor the Depositor shall be responsible for the acts or omissions
of the other, it being understood that this Agreement shall not be construed
to
render them partners, joint venturers or agents of one another and
(viii) The
Trustee shall not be required to expend or risk its own funds or otherwise
incur
financial liability in the performance of any of its duties hereunder, or
in the
exercise of any of its rights or powers, if there is reasonable ground for
believing that the repayment of such funds or adequate indemnity against
such
risk or liability is not reasonably assured to it, and none of the provisions
contained in this Agreement shall in any event require the Trustee to perform,
or be responsible for the manner of performance of, any of the obligations
of
the Master Servicer under the Servicing Agreement, except during such time,
if
any, as the Trustee shall be the successor to, and be vested with the rights,
duties, powers and privileges of, the Master Servicer in accordance with
the
terms of this Agreement.
(e) All
funds
received by the Master Servicer and the Trustee and required to be deposited
in
the Distribution Account pursuant to this Agreement will be promptly so
deposited by the Master Servicer and the Trustee.
(f) Except
for those actions that the Trustee is required to take hereunder, the Trustee
shall not have any obligation or liability to take any action or to refrain
from
taking any action hereunder in the absence of written direction as provided
hereunder.
Section
9.02 Certain
Matters Affecting the Trustee.
Except
as
otherwise provided in Section 9.01:
(i) The
Trustee may rely and shall be protected in acting or refraining from acting
in
reliance on any resolution, certificate of the Depositor, the Master Servicer
or
the Servicer, certificate of auditors or any other certificate, statement,
instrument, opinion, report, notice, request, consent, order, appraisal,
bond or
other paper or document believed by it to be genuine and to have been signed
or
presented by the proper party or parties;
(ii) The
Trustee may consult with counsel and any advice of such counsel or any Opinion
of Counsel shall be full and complete authorization and protection with respect
to any action taken or suffered or omitted by it hereunder in good faith
and in
accordance with such advice or Opinion of Counsel:
(iii) The
Trustee shall not be under any obligation to exercise any of the trusts or
powers vested in it by this Agreement, other than its obligation to give
notices
pursuant to this Agreement, or to institute, conduct or defend any litigation
hereunder or in relation hereto at the request, order or direction of any
of the
Certificateholders pursuant to the provisions of this Agreement, unless such
Certificateholders shall have offered to the Trustee reasonable security
or
indemnity against the costs, expenses and liabilities which may be incurred
therein or thereby. Nothing contained herein shall, however, relieve the
Trustee
of the obligation, upon the occurrence of an Event of Default of which a
Responsible Officer of the Trustee has actual knowledge (which has not been
cured or waived), to exercise such of the rights and powers vested in it
by this
Agreement, and to use the same degree of care and skill in their exercise,
as a
prudent person would exercise under the circumstances in the conduct of his
own
affairs;
(iv) Prior
to
the occurrence of an Event of Default hereunder and after the curing or waiver
of all Events of Default which may have occurred, the Trustee shall not be
liable in its individual capacity for any action taken, suffered or omitted
by
it in good faith and believed by it to be authorized or within the discretion
or
rights or powers conferred upon it by this Agreement;
(v) The
Trustee shall not be bound to make any investigation into the facts or matters
stated in any resolution, certificate, statement, instrument, opinion, report,
notice, request, consent, order, approval, bond or other paper or document,
unless requested in writing to do so by Holders of Certificates evidencing
Fractional Undivided Interests aggregating not less than 25% of the Trust
Fund
and provided that the payment within a reasonable time to the Trustee of
the
costs, expenses or liabilities likely to be incurred by it in the making
of such
investigation is, in the opinion of the Trustee reasonably assured to the
Trustee by the security afforded to it by the terms of this Agreement. The
Trustee may require reasonable indemnity against such expense or liability
as a
condition to taking any such action. The reasonable expense of every such
examination shall be paid by the Certificateholders requesting the
investigation;
(vi) The
Trustee may execute any of the trusts or powers hereunder or perform any
duties
hereunder either directly or through Affiliates, agents or attorneys; provided,
however, that the Trustee may not appoint any agent to perform its custodial
functions with respect to the Mortgage Files or Trustee functions under this
Agreement without the express written consent of the Master Servicer, which
consent will not be unreasonably withheld. The Trustee shall not be liable
or
responsible for the misconduct or negligence of any of the Trustee’s agents or
attorneys or a custodian or trustee appointed hereunder by the Trustee with
due
care and, when required, with the consent of the Master Servicer;
(vii) Should
the Trustee deem the nature of any action required on its part, other than
a
payment or transfer under Subsection 4.01(b) or Section 4.02, to be unclear,
the
Trustee may require prior to such action that it be provided by the Depositor
with reasonable further instructions;
(viii) The
right
of the Trustee to perform any discretionary act enumerated in this Agreement
shall not be construed as a duty, and the Trustee shall not be accountable
for
other than its negligence or willful misconduct in the performance of any
such
act;
(ix) The
Trustee shall not be required to give any bond or surety with respect to
the
execution of the trust created hereby or the powers granted hereunder, except
as
provided in Subsection 9.07; and
(x) The
Trustee shall not have any duty to conduct any affirmative investigation
as to
the occurrence of any condition requiring the repurchase of any Mortgage
Loan by
the Seller pursuant to this Agreement or the Mortgage Loan Purchase Agreement,
as applicable, or the eligibility of any Mortgage Loan for purposes of this
Agreement.
Section
9.03 Trustee
Not Liable for Certificates or Mortgage Loans.
The
recitals contained herein and in the Certificates (other than the signature
and
countersignature of the Trustee on the Certificates) shall be taken as the
statements of the Depositor, and neither the Trustee, or the Custodian on
its
behalf shall have any responsibility for their correctness. The Trustee does
not
make any representation as to the validity or sufficiency of the Certificates
(other than the signature and countersignature of the Trustee on the
Certificates) or of any Mortgage Loan except as expressly provided in Sections
2.02 and 2.05 hereof; provided, however, that the foregoing shall not relieve
the Trustee, or the Custodian on its behalf, of the obligation to review
the
Mortgage Files pursuant to Sections 2.02 and 2.04. The signature and
countersignature of the Trustee (or countersignature of its agent) on the
Certificates shall be solely in its capacity as Trustee and shall not constitute
the Certificates an obligation of the Trustee in any other capacity. The
Trustee
shall not be accountable for the use or application by the Depositor of any
of
the Certificates or of the proceeds of such Certificates, or for the use
or
application of any funds paid to the Depositor with respect to the Mortgage
Loans. Subject to the provisions of Section 2.05, the Trustee shall not be
responsible for the legality or validity of this Agreement or any document
or
instrument relating to this Agreement, the validity of the execution of this
Agreement or of any supplement hereto or instrument of further assurance,
or the
validity, priority, perfection or sufficiency of the security for the
Certificates issued hereunder or intended to be issued hereunder. The Trustee
shall not at any time have any responsibility or liability for or with respect
to the legality, validity and enforceability of any Mortgage or any Mortgage
Loan, or the perfection and priority of any Mortgage or the maintenance of
any
such perfection and priority, or for or with respect to the sufficiency of
the
Trust Fund or its ability to generate the payments to be distributed to
Certificateholders, under this Agreement. The Trustee shall not have any
responsibility for filing any financing statement or continuation statement
in
any public office at any time or to otherwise perfect or maintain the perfection
of any security interest or lien granted to it hereunder or to record this
Agreement.
Section
9.04 Trustee
May Own Certificates.
The
Trustee in its individual capacity or in any capacity other than as Trustee
hereunder may become the owner or pledgee of any Certificates with the same
rights it would have if it were not Trustee, as applicable, and may otherwise
deal with the parties hereto.
Section
9.05 Trustee’s
Fees and Expenses.
The
Trustee shall be entitled to the Trustee Fee and investment income on funds
in
the Distribution Account as compensation for its activities under this
Agreement. The fees and expenses of the Trustee shall be paid in accordance
with
a side letter agreement with the Trustee and at the expense of the Trustee.
In
addition, the Trustee will be entitled to recover from the Distribution Account
pursuant to Section 4.05(a)(ii) all reasonable out-of-pocket expenses,
disbursements and advances and the expenses of the Trustee, respectively,
in
connection with any Event of Default, any breach of this Agreement or any
claim
or legal action (including any pending or threatened claim or legal action)
or
incurred or made by the Trustee in the administration of the trusts hereunder
(including the reasonable compensation, expenses and disbursements of its
counsel) except any such expense, disbursement or advance as may arise from
its
negligence or intentional misconduct or which is the responsibility of the
Certificateholders. If funds in the Distribution Account are insufficient
therefor, the Trustee shall recover such expenses from the Depositor and
the
Depositor hereby agrees to pay such expenses, disbursements or advances upon
demand. Such compensation and reimbursement obligation shall not be limited
by
any provision of law in regard to the compensation of a trustee of an express
trust.
Section
9.06 Eligibility
Requirements for Trustee.
The
Trustee and any successor trustee shall during the entire duration of this
Agreement be a state bank or trust company or a national banking association
organized and doing business under the laws of such state or the United States
of America, authorized under such laws to exercise corporate trust powers,
having a combined capital and surplus and undivided profits of at least
$40,000,000 or, in the case of a successor trustee, $50,000,000, subject
to
supervision or examination by federal or state authority and, in the case
of the
Trustee, rated “BBB” or higher by S&P with respect to their long-term rating
and rated “BBB” or higher by S&P and “Baa2” or higher by Xxxxx’x with
respect to any outstanding long-term unsecured unsubordinated debt, and,
in the
case of a successor trustee other than pursuant to Section 9.10, rated in
one of
the two highest long-term debt categories of, or otherwise acceptable to,
each
of the Rating Agencies. If the Trustee publishes reports of condition at
least
annually, pursuant to law or to the requirements of the aforesaid supervising
or
examining authority, then for the purposes of this Section 9.06 the combined
capital and surplus of such corporation shall be deemed to be its total equity
capital (combined capital and surplus) as set forth in its most recent report
of
condition so published. In case at any time the Trustee shall cease to be
eligible in accordance with the provisions of this Section 9.06, the Trustee
shall resign immediately in the manner and with the effect specified in Section
9.08.
Section
9.07 Insurance.
The
Trustee at its own expense, shall at all times maintain and keep in full
force
and effect: (i) fidelity insurance, (ii) theft of documents insurance and
(iii)
forgery insurance (which may be collectively satisfied by a “Financial
Institution Bond” and/or a “Bankers’ Blanket Bond”). All such insurance shall be
in amounts, with standard coverage and subject to deductibles, as are customary
for insurance typically maintained by banks or their affiliates which act
as
custodians for investor-owned mortgage pools. A certificate of an officer
of the
Trustee as to the Trustee’s compliance with this Section 9.07 shall be furnished
to any Certificateholder upon reasonable written request.
Section
9.08 Resignation
and Removal of the Trustee.
(a) The
Trustee may at any time resign and be discharged from the Trust hereby created
by giving written notice thereof to the Depositor and the Master Servicer,
with
a copy to the Rating Agencies. Upon receiving such notice of resignation,
the
Depositor shall promptly appoint a successor trustee, by written instrument,
in
triplicate, one copy of which instrument shall be delivered to each of the
resigning Trustee, the successor trustee. If no successor trustee shall have
been so appointed and have accepted appointment within 30 days after the
giving
of such notice of resignation, the resigning Trustee may petition any court
of
competent jurisdiction for the appointment of a successor trustee.
(b) If
at any
time the Trustee shall cease to be eligible in accordance with the provisions
of
Section 9.06 and shall fail to resign after written request therefor by the
Depositor or if at any time the Trustee shall become incapable of acting,
or
shall be adjudged a bankrupt or insolvent, or a receiver of the Trustee or
of
its property shall be appointed, or any public officer shall take charge
or
control of the Trustee, or of its property or affairs for the purpose of
rehabilitation, conservation or liquidation, then the Depositor shall promptly
remove the Trustee and appoint a successor trustee by written instrument,
in
triplicate, one copy of which instrument shall be delivered to the Trustee
so
removed and to the successor trustee.
(c) The
Holders of Certificates evidencing Fractional Undivided Interests aggregating
not less than 51% of the Trust Fund may at any time remove the Trustee and
appoint a successor trustee by written instrument or instruments, in
quadruplicate, signed by such Holders or their attorneys-in-fact duly
authorized, one complete set of which instruments shall be delivered to the
Depositor and the Trustee (if the Trustee is removed), and the successor
so
appointed. In the event that the Trustee is removed by the Holders of
Certificates in accordance with this Section 9.08(c), the Holders of such
Certificates shall be responsible for paying any compensation payable to
a
successor trustee in excess of the amount paid to the predecessor
Trustee.
(d) No
resignation or removal of the Trustee and appointment of a successor trustee
pursuant to any of the provisions of this Section 9.08 shall become effective
except upon appointment of and acceptance of such appointment by the successor
trustee as provided in Section 9.09.
Section
9.09 Successor
Trustee.
(a) Any
successor trustee appointed as provided in Section 9.08 shall execute,
acknowledge and deliver to the Depositor and to its predecessor Trustee an
instrument accepting such appointment hereunder. The resignation or removal
of
the predecessor Trustee shall then become effective and such successor trustee,
without any further act, deed or conveyance, shall become fully vested with
all
the rights, powers, duties and obligations of its predecessor hereunder,
with
like effect as if originally named as Trustee herein. The predecessor trustee
shall after payment of its outstanding fees and expenses promptly deliver
to the
successor trustee all assets and records of the Trust held by it hereunder,
and
the Depositor and the predecessor Trustee shall execute and deliver such
instruments and do such other things as may reasonably be required for more
fully and certainly vesting and confirming in the successor trustee all such
rights, powers, duties and obligations.
(b) No
successor trustee shall accept appointment as provided in this Section 9.09
unless at the time of such acceptance such successor trustee shall be eligible
under the provisions of Section 9.06.
(c) Upon
acceptance of appointment by a successor trustee as provided in this Section
9.09, the successor trustee shall mail notice of the succession of such trustee
hereunder to all Certificateholders at their addresses as shown in the
Certificate Register and to the Rating Agencies. The Depositor shall cause
such
notice to be mailed at the expense of the Trust Fund.
Section
9.10 Merger
or
Consolidation of Trustee.
Any
state
bank or trust company or national banking association into which the Trustee
may
be merged or converted or with which it may be consolidated or any state
bank or
trust company or national banking association resulting from any merger,
conversion or consolidation to which the shall be a party, or any state bank
or
trust company or national banking association succeeding to all or substantially
all of the corporate trust business of the Trustee shall be the successor
of the
Trustee hereunder, provided such state bank or trust company or national
banking
association shall be eligible under the provisions of Section 9.06. Such
succession shall be valid without the execution or filing of any paper or
any
further act on the part of any of the parties hereto, anything herein to
the
contrary notwithstanding.
Section
9.11 Appointment
of Co-Trustee or Separate Trustee.
(a) Notwithstanding
any other provisions hereof, at any time, for the purpose of meeting any
legal
requirements of any jurisdiction in which any part of the Trust or property
constituting the same may at the time be located, the Depositor and the Trustee
acting jointly shall have the power and shall execute and deliver all
instruments to appoint one or more Persons approved by the Trustee and the
Depositor to act as co-trustee or co-trustees, jointly with the Trustee,
or
separate trustee or separate trustees, of all or any part of the Trust, and
to
vest in such Person or Persons, in such capacity, such title to the Trust,
or
any part thereof, and, subject to the other provisions of this Section 9.11,
such powers, duties, obligations, rights and trusts as the Depositor and
the
Trustee may consider necessary or desirable.
(b) If
the
Depositor shall not have joined in such appointment within 15 days after
the
receipt by it of a written request so to do, the Trustee shall have the power
to
make such appointment without the Depositor.
(c) No
co-trustee or separate trustee hereunder shall be required to meet the terms
of
eligibility as a successor trustee under Section 9.06 hereunder and no notice
to
Certificateholders of the appointment of co-trustee(s) or separate trustee(s)
shall be required under Section 9.08 hereof.
(d) In
the
case of any appointment of a co-trustee or separate trustee pursuant to this
Section 9.11, all rights, powers, duties and obligations conferred or imposed
upon the Trustee and required to be conferred on such co-trustee shall be
conferred or imposed upon and exercised or performed by the Trustee and such
separate trustee or co-trustee jointly, except to the extent that under any
law
of any jurisdiction in which any particular act or acts are to be performed
(whether as Trustee hereunder or as successor to the Master Servicer hereunder),
the Trustee shall be incompetent or unqualified to perform such act or acts,
in
which event such rights, powers, duties and obligations (including the holding
of title to the Trust or any portion thereof in any such jurisdiction) shall
be
exercised and performed by such separate trustee or co-trustee at the direction
of the Trustee.
(e) Any
notice, request or other writing given to the Trustee shall be deemed to
have
been given to each of the then separate trustees and co-trustees, as effectively
as if given to each of them. Every instrument appointing any separate trustee
or
co-trustee shall refer to this Agreement and the conditions of this Article
IX.
Each separate trustee and co-trustee, upon its acceptance of the trusts
conferred, shall be vested with the estates or property specified in its
instrument of appointment, either jointly with the Trustee or separately,
as may
be provided therein, subject to all the provisions of this Agreement,
specifically including every provision of this Agreement relating to the
conduct
of, affecting the liability of, or affording protection to, the Trustee.
Every
such instrument shall be filed with the Trustee.
(f) To
the
extent not prohibited by law, any separate trustee or co-trustee may, at
any
time, request the Trustee, its agent or attorney-in-fact, with full power
and
authority, to do any lawful act under or with respect to this Agreement on
its
behalf and in its name. If any separate trustee or co-trustee shall die,
become
incapable of acting, resign or be removed, all of its estates, properties
rights, remedies and trusts shall vest in and be exercised by the Trustee,
to
the extent permitted by law, without the appointment of a new or successor
trustee.
(g) No
trustee under this Agreement shall be personally liable by reason of any
act or
omission of another trustee under this Agreement. The Depositor and the Trustee
acting jointly may at any time accept the resignation of or remove any separate
trustee or co-trustee.
Section
9.12 Federal
Information Returns and Reports to Certificateholders; REMIC
Administration.
(a) For
federal income tax purposes, the taxable year of each REMIC shall be a calendar
year, and the Trustee shall maintain or cause the maintenance of the books
of
each such REMIC on the accrual method of accounting.
(b) The
Trustee shall prepare and file or cause to be filed with the Internal Revenue
Service, and the Trustee shall sign, federal tax information returns or
elections required to be made hereunder with respect to each REMIC, the Trust
Fund, if applicable, and the Certificates containing such information and
at the
times and in the manner as may be required by the Code or applicable Treasury
regulations and the Trustee shall deliver (or otherwise make available) to
each
Holder of Certificates at any time during the calendar year for which such
returns or reports are made such statements or information at the times and
in
the manner as may be required thereby, including, without limitation, reports
relating to interest, original issue discount and market discount or premium
(using a constant prepayment assumption of 25% CPR). The Trustee will apply
for
an Employee Identification Number from the Internal Revenue Service under
Form
SS-4 or any other acceptable method for all tax entities. In connection with
the
foregoing, the Trustee shall timely prepare and file, and the Trustee shall,
sign Internal Revenue Service Form 8811, which shall provide the name and
address of the person at the Trustee who can be contacted to obtain information
required to be reported to the holders of regular interests in each REMIC
(the
“REMIC Reporting Agent”). The Trustee shall make elections to treat each REMIC
as a REMIC (which elections shall apply to the taxable period ending December
31, 2007 and each calendar year thereafter) in such manner as the Code or
applicable Treasury regulations may prescribe, and as described by the Trustee.
The Trustee shall sign all tax information returns filed pursuant to this
Section and any other returns as may be required by the Code. The Holder
of the
Class R-I Certificate is hereby designated as the “Tax Matters Person” (within
the meaning of Treasury Regulation Section 1.860F-4(d)) for REMIC I, the
Holder
of the Class R-II Certificate is hereby designated as the “Tax Matters Person”
for REMIC II, and the Holder of the Class R-III Certificate is hereby designated
as the “Tax Matters Person” for REMIC III . The Trustee is hereby designated and
appointed as the agent of each such Tax Matters Person. Any Holder of a Residual
Certificate will by acceptance thereof appoint the Trustee as agent and
attorney-in-fact for the purpose of acting as Tax Matters Person for each
REMIC
during such time as the Trustee does not own any such Residual Certificate.
In
the event that the Code or applicable Treasury regulations prohibit the Trustee
from signing tax or information returns or other statements, or the Trustee
from
acting as agent for the Tax Matters Person, the Trustee shall take whatever
action that in its sole good faith judgment is necessary for the proper filing
of such information returns or for the provision of a Tax Matters Person,
including designation of the Holder of a Residual Certificate to sign such
returns or act as Tax Matters Person. Each Holder of a Residual Certificate
shall be bound by this Section.
(c) The
Trustee shall provide upon request and receipt of reasonable compensation,
such
information as required in Section 860D(a)(6)(B) of the Code to the Internal
Revenue Service, to any Person purporting to transfer a Residual Certificate
to
a Person other than a transferee permitted by Section 5.05(b), and to any
regulated investment company, real estate investment trust, common trust
fund,
partnership, trust, estate, organization described in Section 1381 of the
Code,
or nominee holding an interest in a pass-through entity described in Section
860E(e)(6) of the Code, any record holder of which is not a transferee permitted
by Section 5.05(b) (or which is deemed by statute to be an entity with a
disqualified member).
(d) The
Trustee shall prepare and file or cause to be filed, and the Trustee shall
sign
any state income tax returns required under Applicable State Law with respect
to
each REMIC or the Trust Fund.
(e) Notwithstanding
any other provision of this Agreement, the Trustee shall comply with all
federal
withholding requirements respecting payments to Certificateholders of, or
in
respect of, interest or original issue discount on the Mortgage Loans that
the
Trustee reasonably believes are applicable under the Code. The consent of
Certificateholders shall not be required for such withholding. In the event
the
Trustee withholds any amount from payments of, or in respect of, interest
or
original issue discount or advances thereof to any Certificateholder pursuant
to
federal withholding requirements, the Trustee shall, together with its monthly
report to such Certificateholders, indicate such amount withheld.
(f) The
Trustee agree to indemnify the Trust Fund and the Depositor for any taxes
and
costs including, without limitation, any reasonable attorneys fees imposed on or
incurred by the Trust Fund, the Depositor or the Master Servicer, as a result
of
a breach of the Trustee’s covenants and the Trustee’s covenants, respectively,
set forth in this Section 9.12; provided, however, such liability and obligation
to indemnify in this paragraph shall not be joint and several, and neither
the
Trustee nor the Trustee shall be liable or be obligated to indemnify the
Trust
Fund for the failure by the other to perform any duty under this Agreement
or
the breach by the other of any covenant in this Agreement. In the event that
any
liable party hereto fails to honor its obligations under the preceding
sentences, or taxes imposed on the Trust Fund are not otherwise paid, such
taxes
shall be paid first with amounts otherwise to be distributed to the Class
R
Certificates, and second with amounts otherwise to be distributed to the
Holders
of the following other Certificates in the following order of priority:
first,
to
the
Class B-7 Certificates, second, to the Class B-6 Certificates, third, to
the
Class B-5 Certificates, fourth, to the Class B-4 Certificates, fifth, to
the
Class B-3 Certificates, sixth, to the Class B-2 Certificates, seventh, to
the
Class B-1 Certificates, and eighth, to the Class A Certificates (on a pro
rata
basis based on the amounts to be distributed). Notwithstanding anything to
the
contrary contained herein, to the extent that such tax is payable by the
Holder
of any such Certificates, the Trustee is hereby authorized to retain on any
Distribution Date, from the Holders of the Class R Certificates (and, if
necessary, from the Holders of the other relevant Certificates in the priority
specified in the preceding sentence), funds otherwise distributable to such
Holders in an amount sufficient to pay such tax.
The Trustee
shall
include in its monthly statement amounts allocated to the relevant Certificates,
taking into account the priorities described in the second preceding sentence.
The
Trustee shall promptly notify in writing the party liable for any such tax
of
the amount thereof and the due date for the payment thereof.
ARTICLE
X
TERMINATION
Section
10.01 Termination
Upon Repurchase by the Depositor or its Designee or Liquidation of the Mortgage
Loans.
(a) Subject
to Section 10.02, the respective obligations and responsibilities of the
Depositor, the Master Servicer and the Trustee created hereby, other than
the
obligation of the Trustee to make payments to Certificateholders as hereinafter
set forth shall terminate upon:
(i) the
repurchase by or at the direction of the Depositor or its designee of all
of the
Mortgage Loans and all related REO Property remaining in the Trust at a price
(in each case, the “Termination Purchase Price”) equal to the sum of (a) 100% of
the Outstanding Principal Balance of each Mortgage Loan (other than a Mortgage
Loan related to REO Property) as of the date of repurchase, net of the principal
portion of any unreimbursed Monthly Advances made by the purchaser, together
with interest at the applicable Mortgage Interest Rate accrued but unpaid
to,
but not including, the first day of the month of repurchase, (b) the appraised
value of any related REO Property, less the good faith estimate of the Depositor
of liquidation expenses to be incurred in connection with its disposal thereof
(but not more than the Outstanding Principal Balance of the related Mortgage
Loan, together with interest at the applicable Mortgage Interest Rate accrued
on
that balance but unpaid to, but not including, the first day of the month
of
repurchase), such appraisal to be calculated by an appraiser mutually agreed
upon by the Depositor and the Trustee at the expense of the Depositor, (c)
unreimbursed out-of pocket costs of the Master Servicer, including unreimbursed
servicing advances and the principal portion of any unreimbursed Monthly
Advances, made on the Mortgage Loans prior to the exercise of such repurchase
right and (d) any unreimbursed costs and expenses of the Trustee payable
pursuant to Section 9.05; or
(ii) the
later
of the making of the final payment or other liquidation, or any advance with
respect thereto, of the last Mortgage Loan remaining in the Trust Fund or
the
disposition of all property acquired with respect to any Mortgage Loan;
provided, however, that in the event that an advance has been made, but not
yet
recovered, at the time of such termination, the Person having made such advance
shall be entitled to receive, notwithstanding such termination, any payments
received subsequent thereto with respect to which such advance was made;
or
(iii) the
payment to the Certificateholders of all amounts required to be paid to them
pursuant to this Agreement.
(b) In
no
event, however, shall the Trust created hereby continue beyond the earlier
of
(i) the latest possible maturity date specified in Section 5.01(d) and (ii)
the
expiration of 21 years from the death of the last survivor of the descendants
of
Xxxxxx X. Xxxxxxx, the late Ambassador of the United States to the Court
of St.
James’s, living on the date of this Agreement.
(c) The
right
of the Depositor or its designee to repurchase all the assets of the Trust
Fund
as described in Subsection 10.01(a)(i) above is conditioned upon (i) such
purchase occurring after the Distribution Date on which the aggregate Scheduled
Principal Balance of the Mortgage Loans is less than 10% of the sum of the
aggregate Scheduled Principal Balance of the Mortgage Loans as of the Cut-off
Date, or (ii) the Depositor making a determination, based upon an Opinion
of
Counsel addressed to the Depositor and the Trustee, that the REMIC status
of
REMIC I, REMIC II or REMIC III has been lost or that a substantial risk exists
that such REMIC status will be lost for the then-current taxable year. At
any
time thereafter, in the case of (i) or (ii) above, the Depositor may elect
to
terminate REMIC I, REMIC II or REMIC III at any time, and upon such election,
the Depositor or its designee, shall repurchase all the assets of the Trust
Fund
described in Subsection 10.01(a)(i) above and in accordance with Section
10.02.
(d) The
Trustee shall give notice of any termination to the Certificateholders, with
a
copy to the Master Servicer, the Trustee and the Rating Agencies, upon which
the
Certificateholders shall surrender their Certificates to the Trustee for
payment
of the final distribution and cancellation. Such notice shall be given by
letter, mailed not earlier than the l5th day and not later than the 25th
day of
the month next preceding the month of such final distribution, and shall
specify
(i) the Distribution Date upon which final payment of the Certificates will
be
made upon presentation and surrender of the Certificates at the office of
the
Trustee therein designated, (ii) the amount of any such final payment and
(iii)
that the Record Date otherwise applicable to such Distribution Date is not
applicable, payments being made only upon presentation and surrender of the
Certificates at the office of the Trustee therein specified.
(e) If
the
option of the Depositor to repurchase or cause the repurchase of all the
assets
in the Trust Fund as described in Subsection 10.01(a)(i) above, is exercised,
the Depositor and/or its designee shall deliver to the Trustee for deposit
in
the Distribution Account, by the Business Day prior to the applicable
Distribution Date, an amount equal to the Termination Purchase Price. Upon
presentation and surrender of the Certificates by the Certificateholders,
the
Trustee shall distribute to such Certificateholders an amount determined
as
follows: with respect to each Certificate (other than the Class R Certificates),
the outstanding Current Principal Amount, plus with respect to each Certificate
(other than the Class R Certificates), one month’s interest thereon at the
applicable Pass-Through Rate; and with respect to the Class R Certificates,
the
percentage interest evidenced thereby multiplied by the difference, if any,
between the above described repurchase price and the aggregate amount to
be
distributed to the Holders of the Certificates in such Certificate Group
(other
than the Class R Certificates). If the proceeds with respect to the Mortgage
Loans of a Loan Group are not sufficient to pay all of the Senior Certificates
of the related Certificate Group in full, any such deficiency shall be allocated
first, to the Subordinate Certificates, in inverse order of their numerical
designation and then to the Senior Certificates of the related Certificate
Group
on a pro rata basis. Upon deposit of the Termination Purchase Price and
following such final Distribution Date, the Trustee or the Custodian, on
its
behalf, shall release promptly to the Depositor and/or its designee the Mortgage
Files for the remaining Mortgage Loans, and the Accounts with respect thereto
shall terminate, subject to the Trustee ’s obligation to hold any amounts
payable to the Certificateholders in trust without interest pending final
distributions pursuant to Subsection 10.01(g). Any other amounts remaining
in
the Accounts will belong to the Depositor.
(f) Upon
the
presentation and surrender of the Certificates, the Trustee shall distribute
to
the remaining Certificateholders, pursuant to the written direction of the
Trustee and in accordance with their respective interests, all distributable
amounts remaining in the Distribution Account. Upon deposit by the Master
Servicer of such distributable amounts, and following such final Distribution
Date, the Trustee shall release promptly to the Depositor or its designee
the
Mortgage Files for the remaining Mortgage Loans, and the Distribution Account
shall terminate, subject to the Trustee ’s obligation to hold any amounts
payable to the Certificateholders in trust without interest pending final
distributions pursuant to this Subsection 10.01(f).
(g) If
not
all of the Certificateholders shall surrender their Certificates for
cancellation within six months after the time specified in the above-mentioned
written notice, the Trustee shall give a second written notice to the remaining
Certificateholders to surrender their Certificates for cancellation and receive
the final distribution with respect thereto. If within six months after the
second notice, not all the Certificates shall have been surrendered for
cancellation, the Trustee may take appropriate steps, or appoint any agent
to
take appropriate steps, to contact the remaining Certificateholders concerning
surrender of their Certificates, and the cost thereof shall be paid out of
the
funds and other assets which remain subject to this Agreement.
Section
10.02 Additional
Termination Requirements.
(a) If
the
option of the Depositor to repurchase all of the Mortgage Loans under Subsection
10.01(a)(i) above is exercised, the Trust Fund and each REMIC shall be
terminated in accordance with the following additional requirements, unless
the
Trustee has been furnished with an Opinion of Counsel addressed to the Trustee
to the effect that the failure of the Trust to comply with the requirements
of
this Section 10.02 will not (i) result in the imposition of taxes on “prohibited
transactions” as defined in Section 860F of the Code on any REMIC or (ii) cause
any REMIC to fail to qualify as a REMIC at any time that any Certificates
are
outstanding:
(i) within
90
days prior to the final Distribution Date, at the written direction of the
Depositor, the Trustee, as agent for the respective Tax Matters Persons,
shall
adopt a plan of complete liquidation of each REMIC, in the case of a termination
under Subsection 10.01(a)(i), provided to it by the Depositor, which meets
the
requirements of a “qualified liquidation” under Section 860F of the Code and any
regulations thereunder; and
(ii) the
Depositor shall notify the Trustee at the commencement of such 90-day
liquidation period and, at or prior to the time of making of the final payment
on the Certificates, the Trustee shall sell or otherwise dispose of all of
the
remaining assets of the Trust Fund in accordance with the terms
hereof.
(b) By
their
acceptance of the Residual Certificates, the Holders thereof hereby (i) agree
to
adopt such a plan of complete liquidation of the related REMIC upon the written
request of the Depositor, and to take such action in connection therewith
as may
be reasonably requested by the Depositor, and (ii) appoint the Depositor
as
their attorney-in-fact, with full power of substitution, for purposes of
adopting such a plan of complete liquidation. The Trustee shall adopt such
plan
of liquidation by filing the appropriate statement on the final tax return
of
each REMIC. Upon complete liquidation or final distribution of all of the
assets
of the Trust Fund, the Trust Fund and each REMIC shall terminate.
ARTICLE
XI
[RESERVED]
ARTICLE
XII
MISCELLANEOUS
PROVISIONS
Section
12.01 Intent
of
Parties.
The
parties intend that each of REMIC I, REMIC II and REMIC III shall be treated
as
a REMIC for federal income tax purposes and that the provisions of this
Agreement should be construed in furtherance of this intent.
Section
12.02 Amendment.
(a) This
Agreement may be amended from time to time by the Depositor, the Master Servicer
and the Trustee, without notice to or the consent of any of the
Certificateholders, to cure any ambiguity, to correct or supplement any
provisions herein or therein that may be defective or inconsistent with any
other provisions herein or therein, to comply with any changes in the Code,
to
revise any provisions to reflect the obligations of the parties to this
agreement as they relate to Regulation AB or to make any other provisions
with
respect to matters or questions arising under this Agreement which shall
not be
inconsistent with the provisions of this Agreement; provided, however, that
such
action shall not, as evidenced by an Opinion of Independent Counsel, addressed
to the Trustee, adversely affect in any material respect the interests of
any
Certificateholder.
(b) This
Agreement may also be amended from time to time by the Master Servicer, the
Depositor and the Trustee, with the consent of the Holders of Certificates
evidencing Fractional Undivided Interests aggregating not less than 51% of
the
Trust Fund or of the applicable Class or Classes, if such amendment affects
only
such Class or Classes, for the purpose of adding any provisions to or changing
in any manner or eliminating any of the provisions of this Agreement or of
modifying in any manner the rights of the Certificateholders; provided, however,
that no such amendment shall (i) reduce in any manner the amount of, or delay
the timing of, payments received on Mortgage Loans which are required to
be
distributed on any Certificate without the consent of the Holder of such
Certificate, (ii) reduce the aforesaid percentage of Certificates the Holders
of
which are required to consent to any such amendment, without the consent
of the
Holders of all Certificates then outstanding, or (iii) cause any REMIC to
fail
to qualify as a REMIC for federal income tax purposes, as evidenced by an
Opinion of Independent Counsel addressed to the Trustee which shall be provided
to the Trustee other than at the Trustee’s expense. Notwithstanding any other
provision of this Agreement, for purposes of the giving or withholding of
consents pursuant to this Section 12.02(b), Certificates registered in the
name
of or held for the benefit of the Depositor, the Master Servicer, or the
Trustee
or any Affiliate thereof shall be entitled to vote their Fractional Undivided
Interests with respect to matters affecting such Certificates.
(c) Promptly
after the execution of any such amendment, the Trustee shall furnish a copy
of
such amendment or written notification of the substance of such amendment
to
each Certificateholder, with a copy to the Rating Agencies.
(d) In
the
case of an amendment under Subsection 12.02(b) above, it shall not be necessary
for the Certificateholders to approve the particular form of such an amendment.
Rather, it shall be sufficient if the Certificateholders approve the substance
of the amendment. The manner of obtaining such consents and of evidencing
the
authorization of the execution thereof by Certificateholders shall be subject
to
such reasonable regulations as the Trustee may prescribe.
(e) Prior
to
the execution of any amendment to this Agreement, the Trustee shall be entitled
to receive and rely upon an Opinion of Counsel addressed to the Trustee stating
that the execution of such amendment is authorized or permitted by this
Agreement and that all conditions precedent to such amendment have been
satisfied. The Trustee may, but shall not be obligated to, enter into any
such
amendment which affects the Trustee’s or the Trustee’s own respective rights,
duties or immunities under this Agreement.
Section
12.03 Recordation
of Agreement.
To
the
extent permitted by applicable law, this Agreement is subject to recordation
in
all appropriate public offices for real property records in all the counties
or
other comparable jurisdictions in which any or all of the Mortgaged Properties
are situated, and in any other appropriate public recording office or elsewhere.
The Depositor shall effect such recordation, at the expense of the Trust
upon
the request in writing of a Certificateholder, but only if such direction
is
accompanied by an Opinion of Counsel (provided at the expense of the
Certificateholder requesting recordation) to the effect that such recordation
would materially and beneficially affect the interests of the Certificateholders
or is required by law.
Section
12.04 Limitation
on Rights of Certificateholders.
(a) The
death
or incapacity of any Certificateholder shall not terminate this Agreement
or the
Trust, nor entitle such Certificateholder’s legal representatives or heirs to
claim an accounting or to take any action or proceeding in any court for
a
partition or winding up of the Trust, nor otherwise affect the rights,
obligations and liabilities of the parties hereto or any of them.
(b) Except
as
expressly provided in this Agreement, no Certificateholders shall have any
right
to vote or in any manner otherwise control the operation and management of
the
Trust, or the obligations of the parties hereto, nor shall anything herein
set
forth, or contained in the terms of the Certificates, be construed so as
to
establish the Certificateholders from time to time as partners or members
of an
association; nor shall any Certificateholders be under any liability to any
third Person by reason of any action taken by the parties to this Agreement
pursuant to any provision hereof.
(c) No
Certificateholder shall have any right by virtue of any provision of this
Agreement to institute any suit, action or proceeding in equity or at law
upon,
under or with respect to this Agreement against the Depositor, the Trustee,
the
Master Servicer or any successor to any such parties unless (i) such
Certificateholder previously shall have given to the Trustee a written notice
of
a continuing default, as herein provided, (ii) the Holders of Certificates
evidencing Fractional Undivided Interests aggregating not less than 51% of
the
Trust Fund shall have made written request upon the Trustee to institute
such
action, suit or proceeding in its own name as Trustee hereunder and shall
have
offered to the Trustee such reasonable indemnity as it may require against
the
costs and expenses and liabilities to be incurred therein or thereby, and
(iii)
the Trustee, for 60 days after its receipt of such notice, request and offer
of
indemnity, shall have neglected or refused to institute any such action,
suit or
proceeding.
(d) No
one or
more Certificateholders shall have any right by virtue of any provision of
this
Agreement to affect the rights of any other Certificateholders or to obtain
or
seek to obtain priority or preference over any other such Certificateholder,
or
to enforce any right under this Agreement, except in the manner herein provided
and for the equal, ratable and common benefit of all Certificateholders.
For the
protection and enforcement of the provisions of this Section 12.04, each
and
every Certificateholder and the Trustee shall be entitled to such relief
as can
be given either at law or in equity.
Section
12.05 Acts
of
Certificateholders.
(a) Any
request, demand, authorization, direction, notice, consent, waiver or other
action provided by this Agreement to be given or taken by Certificateholders
may
be embodied in and evidenced by one or more instruments of substantially
similar
tenor signed by such Certificateholders in person or by an agent duly appointed
in writing. Except as herein otherwise expressly provided, such action shall
become effective when such instrument or instruments are delivered to the
Trustee and, where it is expressly required, to the Depositor. Proof of
execution of any such instrument or of a writing appointing any such agent
shall
be sufficient for any purpose of this Agreement and conclusive in favor of
the
Trustee and the Depositor, if made in the manner provided in this Section
12.05.
(b) The
fact
and date of the execution by any Person of any such instrument or writing
may be
proved by the affidavit of a witness of such execution or by a certificate
of a
notary public or other officer authorized by law to take acknowledgments
of
deeds, certifying that the individual signing such instrument or writing
acknowledged to him the execution thereof. Where such execution is by a signer
acting in a capacity other than his or her individual capacity, such certificate
or affidavit shall also constitute sufficient proof of his or her authority.
The
fact and date of the execution of any such instrument or writing, or the
authority of the individual executing the same, may also be proved in any
other
manner which the Trustee deems sufficient.
(c) The
ownership of Certificates (notwithstanding any notation of ownership or other
writing on such Certificates, except an endorsement in accordance with Section
5.02 made on a Certificate presented in accordance with Section 5.04) shall
be
proved by the Certificate Register, and neither the Trustee, the Depositor,
the
Master Servicer nor any successor to any such parties shall be affected by
any
notice to the contrary.
(d) Any
request, demand, authorization, direction, notice, consent, waiver or other
action of the holder of any Certificate shall bind every future holder of
the
same Certificate and the holder of every Certificate issued upon the
registration of transfer or exchange thereof, if applicable, or in lieu thereof
with respect to anything done, omitted or suffered to be done by the Trustee,
the Depositor, the Master Servicer or any successor to any such party in
reliance thereon, whether or not notation of such action is made upon such
Certificates.
(e) In
determining whether the Holders of the requisite percentage of Certificates
evidencing Fractional Undivided Interests have given any request, demand,
authorization, direction, notice, consent or waiver hereunder, Certificates
owned by the Trustee, the Depositor, the Master Servicer or any Affiliate
thereof shall be disregarded, except as otherwise provided in Section 12.02(b)
and except that, in determining whether the Trustee shall be protected in
relying upon any such request, demand, authorization, direction, notice,
consent
or waiver, only Certificates which a Responsible Officer of the Trustee actually
knows to be so owned shall be so disregarded. Certificates which have been
pledged in good faith to the Trustee, the Depositor, the Master Servicer
or any
Affiliate thereof may be regarded as outstanding if the pledgor establishes
to
the satisfaction of the Trustee the pledgor’s right to act with respect to such
Certificates and that the pledgor is not an Affiliate of the Trustee, the
Depositor, or the Master Servicer, as the case may be.
Section
12.06 Governing
Law.
THIS
AGREEMENT AND THE CERTIFICATES SHALL BE CONSTRUED IN ACCORDANCE WITH THE
LAWS OF
THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS RULES (OTHER
THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW, WHICH THE PARTIES HERETO
EXPRESSLY RELY UPON IN THE CHOICE OF SUCH LAW AS THE GOVERNING LAW HEREUNDER)
AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS.
Section
12.07 Notices.
All
demands and notices hereunder shall be in writing and shall be deemed given
when
delivered at (including delivery by facsimile) or mailed by registered mail,
return receipt requested, postage prepaid, or by recognized overnight courier,
to (i) in the case of the Depositor, 000 Xxxxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx
00000, Attention: Vice President-Servicing, telecopier number: (000) 000-0000,
or to such other address as may hereafter be furnished to the other parties
hereto in writing; (ii) in the case of the Trustee, at its Corporate Trust
Office, or such other address as may hereafter be furnished to the other
parties
hereto in writing; (iii) in the case of the Seller, EMC Mortgage Corporation,
0000 Xxxx Xxxxx Xxxxx, Xxxxxxxxxx, Xxxxx 00000 (Facsimile: (469-759-4714),
attention: President or General Counsel, (iv) in the case of the Master Servicer
, EMC Mortgage Corporation, 0000 Xxxx Xxxxx Xxxxx, Xxxxxxxxxx, Xxxxx 00000
(Facsimile: (000) 000-0000), attention: Xxxxxxxx Xxxxx or such other address
as
may be hereafter furnished to the other parties hereto by the Master Servicer
in
writing; and (v) in the case of the Rating Agencies, Fitch, Inc., Xxx Xxxxx
Xxxxxx Xxxxx, Xxx Xxxx, XX 00000 and Standard & Poor’s, a division of The
XxXxxx-Xxxx Companies, Inc., 00 Xxxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000, or
such
other address as may hereafter be furnished to the other parties hereto in
writing. Any notice delivered to the Depositor, the Master Servicer or the
Trustee under this Agreement shall be effective only upon receipt. Any notice
required or permitted to be mailed to a Certificateholder, unless otherwise
provided herein, shall be given by first-class mail, postage prepaid, at
the
address of such Certificateholder as shown in the Certificate Register. Any
notice so mailed within the time prescribed in this Agreement shall be
conclusively presumed to have been duly given when mailed, whether or not
the
Certificateholder receives such notice.
Section
12.08 Severability
of Provisions.
If
any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severed from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in
no way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the holders thereof.
Section
12.09 Successors
and Assigns.
The
provisions of this Agreement shall be binding upon and inure to the benefit
of
the respective successors and assigns of the parties hereto.
Section
12.10 Article
and Section Headings.
The
article and section headings herein are for convenience of reference only,
and
shall not limit or otherwise affect the meaning hereof.
Section
12.11 Counterparts.
This
Agreement may be executed in two or more counterparts each of which when
so
executed and delivered shall be an original but all of which together shall
constitute one and the same instrument.
Section
12.12 Notice
to
Rating Agencies.
The
article and section headings herein are for convenience of reference only,
and
shall not limited or otherwise affect the meaning hereof. The Trustee shall
promptly provide notice to each Rating Agency with respect to each of the
following of which a Responsible Officer of the Trustee has actual
knowledge:
1. Any
material change or amendment to this Agreement or the Servicing
Agreement;
2. The
occurrence of any Event of Default that has not been cured;
3. The
resignation or termination of the Master Servicer or the Trustee;
4. The
repurchase or substitution of Mortgage Loans;
5. The
final
payment to Certificateholders; and
6. Any
change in the location of the Distribution Account.
IN
WITNESS WHEREOF, the Depositor, the Trustee and the Master Servicer have
caused
their names to be signed hereto by their respective officers thereunto duly
authorized as of the day and year first above written.
STRUCTURED
ASSET MORTGAGE INVESTMENTS II INC., as Depositor
|
|||||||||||||
By:
|
/s/ Xxxxxx X. Xxxxxxxxx, Xx. | ||||||||||||
Name:
Xxxxxx X. Xxxxxxxxx, Xx.
|
|||||||||||||
Title:
Vice President
|
|||||||||||||
XXXXX
FARGO BANK, N.A., as Trustee
|
|||||||||||||
By:
|
/s/ Xxxxxx X. Xxxxxx | ||||||||||||
Name:
Xxxxxx X. Xxxxxx
|
|||||||||||||
Title:
Vice President
|
|||||||||||||
EMC
MORTGAGE CORPORATION,
as
Master Servicer and Seller
|
|||||||||||||
By:
|
/s/ Xxxxx Xxxx | ||||||||||||
Name:
Xxxxx Xxxx
|
|||||||||||||
Title: Executive
Vice President
|
|||||||||||||
STATE
OF NEW YORK
|
)
|
|
)
ss.:
|
COUNTY
OF NEW YORK
|
)
|
On
the
30th day of April, 2007 before me, a notary public in and for said State,
personally appeared ___________________________, known to me to be a Vice
President of Structured Asset Mortgage Investments II Inc., the corporation
that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporation, and acknowledged to me that such
corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[Notarial
Seal]
STATE
OF TEXAS
|
)
|
|
)
ss.:
|
COUNTY
OF DALLAS
|
)
|
On
the
30th day of April, 2007 before me, a notary public in and for said State,
personally appeared ________________________, known to me to be a EMC Mortgage
Corporation, the entity that executed the within instrument, and also known
to
me to be the person who executed it on behalf of said entity, and acknowledged
to me that such entity executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day
and
year
in this certificate first above written.
Notary
Public
|
[Notarial
Seal]
STATE
OF MARYLAND
|
)
|
|
)
ss.:
|
COUNTY
OF XXXXXX
|
)
|
On
the
30th day of April, 2007 before me, a notary public in and for said State,
personally appeared _____________________________, known to me to be a(n)
_____________________of Xxxxx Fargo Bank, N.A., the entity that executed
the
within instrument, and also known to me to be the person who executed it
on
behalf of said entity, and acknowledged to me that such entity executed the
within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal
the
day and year in this certificate first above written.
Notary
Public
|
[Notarial
Seal]
EXHIBIT
A-1
FORM
OF CLASS A CERTIFICATES AND CLASS X CERTIFICATES
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
(THE “CODE”).
[FOR
THE CLASS [_-A-_]] [THE CURRENT PRINCIPAL AMOUNT OF THIS CERTIFICATE WILL BE
DECREASED BY THE PRINCIPAL PAYMENTS HEREON AND REALIZED LOSSES ALLOCABLE HERETO.
ACCORDINGLY, FOLLOWING THE INITIAL ISSUANCE OF THE CERTIFICATES, THE CURRENT
PRINCIPAL AMOUNT OF THIS CERTIFICATE WILL BE DIFFERENT FROM THE DENOMINATION
SHOWN BELOW. ANYONE ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT
PRINCIPAL AMOUNT BY INQUIRY OF THE TRUSTEE NAMED HEREIN.]
UNLESS
THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY
TRUST COMPANY TO THE TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE
OR PAYMENT, AND ANY CERTIFICATE ISSUED WILL BE REGISTERED IN THE NAME OF CEDE
& CO. OR SUCH OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE
DEPOSITORY TRUST COMPANY AND ANY PAYMENT WILL BE MADE TO CEDE & CO., ANY
TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON
IS WRONGFUL SINCE THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.
Certificate
No. 1
|
[Variable]
Pass-Through Rate
|
Class
[_-A-_] [-X-] Senior
|
|
Date
of Pooling and Servicing Agreement
and
Cut-off Date:
April
1, 2007
|
Aggregate
Initial [Current Principal] [Notional] Amount of this Senior Certificate
as of the Cut-off Date: $[_____________]
|
First
Distribution Date:
May
25, 2007
|
Initial
[Current Principal] [Notional] Amount of this Senior Certificate
as of the
Cut-off Date: $[_____________]
|
Master
Servicer:
EMC
Mortgage Corporation
|
CUSIP:
[____________]
|
Assumed
Final Distribution Date:
May
25, 2047
|
|
BEAR
XXXXXXX ARM TRUST 2007-3
MORTGAGE
PASS-THROUGH CERTIFICATE
SERIES
2007-3
evidencing
a fractional undivided interest in the distributions allocable to the Class
[_-[A]-_] [-X-] Certificates with respect to a Trust Fund consisting primarily
of a pool of adjustable rate mortgage loans secured by first liens on
one-to-four family residential properties sold by STRUCTURED ASSET MORTGAGE
INVESTMENTS II INC.
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Structured Asset Mortgage Investments
II Inc., the Master Servicer or the Trustee referred to below or any of their
affiliates or any other person. Neither this Certificate nor the underlying
Mortgage Loans are guaranteed or insured by any governmental entity or by
Structured Asset Mortgage Investments II Inc., the Master Servicer or the
Trustee or any of their affiliates or any other person. None of Structured
Asset
Mortgage Investments II Inc., the Master Servicer or any of their affiliates
will have any obligation with respect to any certificate or other obligation
secured by or payable from payments on the Certificates.
This
certifies that Cede & Co. is the registered owner of the Fractional
Undivided Interest evidenced hereby in the beneficial ownership interest of
Certificates of the same Class as this Certificate in a trust (the “Trust Fund”)
primarily consisting of adjustable rate mortgage loans secured by first liens
on
one- to four- family residential properties (collectively, the “Mortgage Loans”)
sold by Structured Asset Mortgage Investments II Inc. (“XXXX XX”). The Mortgage
Loans were sold by EMC Mortgage Corporation (“EMC”) to XXXX XX. EMC will act as
master servicer of the Mortgage Loans (the “Master Servicer,” which term
includes any successors thereto under the Agreement referred to below). The
Trust Fund was created pursuant to the Pooling and Servicing Agreement dated
as
of the Cut-off Date specified above (the “Agreement”), among XXXX XX, as
depositor (the “Depositor”), EMC, as Master Servicer and seller, and Xxxxx Fargo
Bank, N.A., as trustee (the “Trustee”), a summary of certain of the pertinent
provisions of which is set forth hereafter. To the extent not defined herein,
capitalized terms used herein shall have the meaning ascribed to them in the
Agreement. This Certificate is issued under and is subject to the terms,
provisions and conditions of the Agreement, to which Agreement the Holder of
this Certificate by virtue of its acceptance hereof assents and by which such
Holder is bound.
Interest
on this Certificate will accrue during the month prior to the month in which
a
Distribution Date (as hereinafter defined) occurs on the [Current Principal]
[Notional] Amount hereof at a per annum rate equal to the Pass-Through Rate
as
described in the Agreement. The Trustee will distribute on the 25th day of
each
month, or, if such 25th day is not a Business Day, the immediately following
Business Day (each, a “Distribution Date”), commencing on the First Distribution
Date specified above, to the Person in whose name this Certificate is registered
at the close of business on the last Business Day of the calendar month
preceding the month of such Distribution Date, an amount equal to the product
of
the Fractional Undivided Interest evidenced by this Certificate and the amount
(of interest [and principal], if any) required to be distributed to the Holders
of Certificates of the same Class as this Certificate. The Assumed Final
Distribution Date is the Distribution Date in the month immediately following
the month of the latest scheduled maturity date of any Mortgage Loan and is
not
likely to be the date on which the [Current Principal] [Notional] Amount of
this
Class of Certificates will be reduced to zero.
Distributions
on this Certificate will be made by the Trustee by check mailed to the address
of the Person entitled thereto as such name and address shall appear on the
Certificate Register or, if such Person so requests by notifying the Trustee
in
writing as specified in the Agreement, by wire transfer. Notwithstanding the
above, the final distribution on this Certificate will be made after due notice
by the Trustee of the pendency of such distribution and only upon presentation
and surrender of this Certificate at the office or agency appointed by the
Trustee for that purpose and designated in such notice. The Initial [Current
Principal] [Notional] Amount of this Certificate is set forth above. [The
Current Principal Amount hereof will be reduced to the extent of distributions
allocable to principal hereon and any Realized Losses allocable
hereto.]
This
Certificate is one of a duly authorized issue of Certificates designated as
set
forth on the face hereof (the “Certificates”), issued in nineteen Classes. The
Certificates, in the aggregate, evidence the entire beneficial ownership
interest in the Trust Fund formed pursuant to the Agreement.
The
Certificateholder, by its acceptance of this Certificate, agrees that it will
look solely to the Trust Fund for payment hereunder and that the Trustee is
not
liable to the Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the Agreement, subject
to
any liability under the Agreement.
This
Certificate does not purport to summarize the Agreement and reference is made
to
the Agreement for the interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties and immunities
of the Trustee.
The
Agreement permits, with certain exceptions therein provided, the amendment
thereof and the modification of the rights and obligations of the Depositor,
the
Master Servicer and the Trustee and the rights of the Certificateholders under
the Agreement from time to time by the parties thereto with the consent of
the
Holders of Certificates, evidencing Fractional Undivided Interests aggregating
not less than 51% of the Trust Fund (or in certain cases, Holders of
Certificates of affected Classes evidencing such percentage of the Fractional
Undivided Interests thereof). Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders
of
this Certificate and of any Certificate issued upon the transfer hereof or
in
lieu hereof whether or not notation of such consent is made upon this
Certificate. The Agreement also permits the amendment thereof, in certain
limited circumstances, without the consent of the Holders of any of the
Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Trustee upon surrender
of this Certificate for registration of transfer at the offices or agencies
maintained by the Trustee for such purposes, duly endorsed by, or accompanied
by
a written instrument of transfer in form satisfactory to the Trustee duly
executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Certificates in authorized denominations
representing a like aggregate Fractional Undivided Interest will be issued
to
the designated transferee.
The
Certificates are issuable only as registered Certificates without coupons in
the
Classes and denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, this Certificate
is exchangeable for one or more new Certificates evidencing the same Class
and
in the same aggregate Fractional Undivided Interest, as requested by the Holder
surrendering the same.
No
service charge will be made to the Certificateholders for any such registration
of transfer, but the Trustee may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith. The
Depositor, the Master Servicer, the Trustee and any agent of any of them may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Trustee or any such agent shall be affected by notice to the
contrary.
The
obligations created by the Agreement and the Trust Fund created thereby (other
than the obligations to make payments to Certificateholders with respect to
the
termination of the Agreement) shall terminate upon the earlier of (i) the later
of the (A) final payment or other liquidation (or Advance with respect thereto)
of the last Mortgage Loan remaining in the Trust Fund and (B) disposition of
all
property acquired upon foreclosure or deed in lieu of foreclosure of any
Mortgage Loan and the remittance of all funds due under the Agreement, or (ii)
the optional repurchase by the party named in the Agreement of all the Mortgage
Loans and other assets of the Trust Fund in accordance with the terms of the
Agreement. Such optional repurchase may be made only on or after the
Distribution Date on which the aggregate unpaid principal balance of the
Mortgage Loans is less than the percentage of the aggregate Outstanding
Principal Balance specified in the Agreement of the Mortgage Loans at the
Cut-off Date. The exercise of such right will effect the early retirement of
the
Certificates. In no event, however, will the Trust Fund created by the Agreement
continue beyond the earlier of (i) the expiration of 21 years after the death
of
certain persons identified in the Agreement and (ii) the “latest possible
maturity date” for the Certificates (other than the Class R Certificates)
specified in Section 5.01(d) of the Agreement.
Unless
this Certificate has been countersigned by an authorized signatory of the
Trustee by manual signature, this Certificate shall not be entitled to any
benefit under the Agreement, or be valid for any purpose.
IN
WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
April 30, 2007
|
XXXXX
FARGO BANK, N.A.
Not
in its individual capacity but solely as Trustee
|
||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Class [_-[A]-_] [-X-] Certificates referred to in the
within-mentioned Agreement.
XXXXX
FARGO BANK, N.A.
Authorized
signatory of Xxxxx Fargo Bank N.A., not in its individual capacity
but
solely as Trustee
|
|||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
__________________________________ (Please print or typewrite name and address
including postal zip code of assignee) a Fractional Undivided Interest evidenced
by the within Mortgage Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Trustee to issue a new Certificate of a like denomination
and
Class, to the above named assignee and deliver such Certificate to the following
address:
Dated:
|
||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
funds
to
|
|||||||
for
the account of
|
|||||||
account
number
|
or,
if mailed by check, to
|
||||||
Applicable
statements should be mailed to
|
|||||||
This
information is provided by
|
|||||||
assignee
named above, or
|
|||||||
its
agent.
|
EXHIBIT
A-2
FORM
OF CLASS B CERTIFICATES
THIS
CERTIFICATE IS SUBORDINATED IN RIGHT OF PAYMENT TO THE SENIOR CERTIFICATES
[AND]
[THE CLASS B-1 CERTIFICATES][,] [AND] [THE CLASS B-2 CERTIFICATES][,] [AND]
[THE
CLASS B-3 CERTIFICATES][,] [AND] [THE CLASS B-4 CERTIFICATES][,] [AND] [THE
CLASS B-5 CERTIFICATES] [AND] [THE CLASS B-6 CERTIFICATES] AS DESCRIBED IN
THE
AGREEMENT (AS DEFINED BELOW).
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “REGULAR INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT,” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
(THE “CODE”).
THE
CURRENT PRINCIPAL AMOUNT OF THIS CERTIFICATE WILL BE DECREASED BY THE PRINCIPAL
PAYMENTS HEREON AND ANY REALIZED LOSSES ALLOCABLE HERETO. ACCORDINGLY, FOLLOWING
THE INITIAL ISSUANCE OF THE CERTIFICATES, THE CURRENT PRINCIPAL AMOUNT OF THIS
CERTIFICATE WILL BE DIFFERENT FROM THE DENOMINATION SHOWN BELOW. ANYONE
ACQUIRING THIS CERTIFICATE MAY ASCERTAIN ITS CURRENT PRINCIPAL AMOUNT BY INQUIRY
OF THE TRUSTEE NAMED HEREIN.
[FOR
CLASS B-1, CLASS B-2, CLASS B-3 AND CLASS B-4] [UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY TO
THE
TRUSTEE OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, ANY
CERTIFICATE ISSUED WILL BE REGISTERED IN THE NAME OF CEDE & CO. OR SUCH
OTHER NAME AS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST
COMPANY AND ANY PAYMENT WILL BE MADE TO CEDE & CO. ANY TRANSFER, PLEDGE OR
OTHER USE HEREOF FOR VALUE OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL SINCE
THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST
HEREIN.]
[FOR
CLASS B-1, CLASS B-2, CLASS B-3 AND CLASS B-4] [EACH BENEFICIAL OWNER OF THIS
CERTIFICATE OR ANY INTEREST HEREIN SHALL BE DEEMED TO HAVE MADE THE
REPRESENTATIONS SET FORTH IN SECTION 5.07 OF THE
AGREEMENT.]
[FOR
CLASS B-5, CLASS B-6 AND CLASS B-7] [THIS CERTIFICATE HAS NOT BEEN AND WILL
NOT
BE REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES
ACT”), OR UNDER ANY STATE SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS
CERTIFICATE, AGREES THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED
OR
OTHERWISE TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE 144A UNDER THE SECURITIES ACT
(“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A QUALIFIED
INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A “QIB”), PURCHASING FOR
ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT OF A QIB, WHOM THE HOLDER
HAS INFORMED, IN EACH CASE, THAT THE REOFFER, RESALE, PLEDGE OR OTHER TRANSFER
IS BEING MADE IN RELIANCE ON RULE 144A, (2) PURSUANT TO AN EXEMPTION FROM
REGISTRATION PROVIDED BY RULE 144 UNDER THE SECURITIES ACT (IF AVAILABLE) OR
(3)
IN CERTIFICATED FORM TO AN “INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE
MEANING THEREOF IN RULE 501(A)(1), (2), (3) OR (7) OF REGULATION D UNDER THE
ACT
OR ANY ENTITY IN WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH PARAGRAPHS
PURCHASING NOT FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, SUBJECT
TO
(A) THE RECEIPT BY THE
TRUSTEE OF
A LETTER SUBSTANTIALLY IN THE FORM PROVIDED IN THE AGREEMENT AND (B) THE RECEIPT
BY THE TRUSTEE OF SUCH OTHER EVIDENCE ACCEPTABLE TO THE TRUSTEE THAT SUCH
REOFFER, RESALE, PLEDGE OR TRANSFER IS IN COMPLIANCE WITH THE SECURITIES ACT
AND
OTHER APPLICABLE LAWS OR IN EACH CASE IN ACCORDANCE WITH ALL APPLICABLE
SECURITIES LAWS OF THE UNITED STATES AND ANY OTHER APPLICABLE
JURISDICTION.]
[FOR
CLASS B-5, CLASS B-6 AND CLASS B-7] [THIS CERTIFICATE MAY NOT BE ACQUIRED
DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF, AN EMPLOYEE BENEFIT PLAN OR OTHER
RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO TITLE I OF THE EMPLOYEE RETIREMENT
INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION 4975 OF THE INTERNAL REVENUE
CODE OF 1986, AS AMENDED, UNLESS THE TRANSFEREE CERTIFIES OR REPRESENTS THAT
THE
PROPOSED TRANSFER AND HOLDING OF A CERTIFICATE AND THE SERVICING, MANAGEMENT
AND
OPERATION OF THE TRUST AND ITS ASSETS: (I) WILL NOT RESULT IN ANY PROHIBITED
TRANSACTION WHICH IS NOT COVERED UNDER AN INDIVIDUAL OR CLASS PROHIBITED
TRANSACTION EXEMPTION, INCLUDING, BUT NOT LIMITED TO, PROHIBITED TRANSACTION
CLASS EXEMPTION (“PTCE”) 84-14, XXXX 00-00, XXXX 00-0, XXXX 95-60 OR PTCE 96-23
AND (II) WILL NOT GIVE RISE TO ANY ADDITIONAL OBLIGATIONS ON THE PART OF THE
DEPOSITOR, THE TRUSTEE, OR THE MASTER SERVICER, WHICH WILL BE DEEMED REPRESENTED
BY AN OWNER OF A BOOK-ENTRY CERTIFICATE OR A GLOBAL CERTIFICATE OR UNLESS THE
OPINION SPECIFIED IN SECTION 5.07 OF THE AGREEMENT IS PROVIDED.]
Certificate
No. 1
|
Variable
Pass-Through Rate
|
Class
[B-1][B-2][B-3][B-4][B-5][B-6][B-7] Subordinate
|
|
Date
of Pooling and Servicing Agreement
and
Cut-off Date:
April
1, 2007
|
Aggregate
Initial Current Principal Amount of this Subordinate Certificate
as of the
Cut-off Date: $[_________]
|
First
Distribution Date:
May
25, 2007
|
Initial
Current Principal Amount of this Subordinate Certificate as of the
Cut-off
Date: $[_________]
|
Master
Servicer:
EMC
Mortgage Corporation
|
CUSIP:
[____________]
|
Assumed
Final Distribution Date:
May
25, 2047
|
|
BEAR
XXXXXXX ARM TRUST 2007-3
MORTGAGE
PASS-THROUGH CERTIFICATE
SERIES
2007-3
evidencing
a fractional undivided interest in the distributions allocable to the Class
[B-1][B-2][B-3][B-4][B-5][B-6][B-7] Certificates with respect to a Trust Fund
consisting primarily of a pool of adjustable rate mortgage loans secured by
first liens on one-to-four family residential properties sold by STRUCTURED
ASSET MORTGAGE INVESTMENTS II INC.
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Structured Asset Mortgage Investments
II Inc., the Master Servicer or the Trustee referred to below or any of their
affiliates or any other person. Neither this Certificate nor the underlying
Mortgage Loans are guaranteed or insured by any governmental entity or by
Structured Asset Mortgage Investments II Inc., the Master Servicer or the
Trustee or any of their affiliates or any other person. None of Structured
Asset
Mortgage Investments II Inc., the Master Servicer or any of their affiliates
will have any obligation with respect to any certificate or other obligation
secured by or payable from payments on the Certificates.
This
certifies that [Cede & Co.][ Bear, Xxxxxxx Securities Corp.] is the
registered owner of the Fractional Undivided Interest evidenced hereby in the
beneficial ownership interest of Certificates of the same Class as this
Certificate in a trust (the “Trust Fund”) primarily consisting of adjustable
rate mortgage loans secured by first liens on one- to four- family residential
properties (collectively, the “Mortgage Loans”) sold by Structured Asset
Mortgage Investments II Inc. (“XXXX XX”). The Mortgage Loans were sold by EMC
Mortgage Corporation (“EMC”) to XXXX XX. EMC will act as master servicer of the
Mortgage Loans (the “Master Servicer,” which term includes any successors
thereto under the Agreement referred to below). The Trust Fund was created
pursuant to the Pooling and Servicing Agreement dated as of the Cut-off Date
specified above (the “Agreement”), among XXXX XX, as depositor (the
“Depositor”), EMC, as Master Servicer and seller, and Xxxxx Fargo Bank, N.A., as
trustee (the “Trustee”), a summary of certain of the pertinent provisions of
which is set forth hereafter. To the extent not defined herein, capitalized
terms used herein shall have the meaning ascribed to them in the Agreement.
This
Certificate is issued under and is subject to the terms, provisions and
conditions of the Agreement, to which Agreement the Holder of this Certificate
by virtue of its acceptance hereof assents and by which such Holder is
bound.
Interest
on this Certificate will accrue during the month prior to the month in which
a
Distribution Date (as hereinafter defined) occurs on the Current Principal
Amount hereof at a per annum rate equal to the Pass-Through Rate as described
in
the Agreement. The Trustee will distribute on the 25th day of each month, or,
if
such 25th day is not a Business Day, the immediately following Business Day
(each, a “Distribution Date”), commencing on the First Distribution Date
specified above, to the Person in whose name this Certificate is registered
at
the close of business on the last Business Day of the calendar month preceding
the month of such Distribution Date, an amount equal to the product of the
Fractional Undivided Interest evidenced by this Certificate and the amount
(of
interest and principal, if any) required to be distributed to the Holders of
Certificates of the same Class as this Certificate. The Assumed Final
Distribution Date is the Distribution Date in the month immediately following
the month of the latest scheduled maturity date of any Mortgage Loan and is
not
likely to be the date on which the Current Principal Amount of this Class of
Certificates will be reduced to zero.
Distributions
on this Certificate will be made by the Trustee by check mailed to the address
of the Person entitled thereto as such name and address shall appear on the
Certificate Register or, if such Person so requests by notifying the Trustee
in
writing as specified in the Agreement, by wire transfer. Notwithstanding the
above, the final distribution on this Certificate will be made after due notice
by the Trustee of the pendency of such distribution and only upon presentation
and surrender of this Certificate at the office or agency appointed by the
Trustee for that purpose and designated in such notice. The Initial Current
Principal Amount of this Certificate is set forth above. The Current Principal
Amount hereof will be reduced to the extent of distributions allocable to
principal hereon and any Realized Losses allocable hereto.
[For
Class B-5, Class B-6 and Class B-7] [No transfer of this Class [B-5][B-6][B-7]
Certificate will be made unless such transfer is (i) exempt from the
registration requirements of the Securities act of 1933, as amended, and any
applicable state securities laws or is made in accordance with said Act and
laws
and (ii) made in accordance with Section 5.02 of the Agreement. In the event
that such transfer is to be made the Trustee shall register such transfer if,
(i) made to a transferee who has provided the Trustee with evidence as to its
QIB status; or (ii) (A) the transferor has advised the Trustee in writing that
the Certificate is being transferred to an Institutional Accredited Investor
and
(B) prior to such transfer the transferee furnishes to the Trustee an Investment
Letter; provided that if based upon an Opinion of Counsel to the effect that
(A)
and (B) above are not sufficient to confirm that such transfer is being made
pursuant to an exemption from, or in a transaction not subject to, the
registration requirements of the Securities Act and other applicable laws,
the
Trustee shall as a condition of the registration of any such transfer require
the transferor to furnish such other certifications, legal opinions or other
information prior to registering the transfer of this Certificate as shall
be
set forth in such Opinion of Counsel.]
[For
Class B-1, Class B-2, Class B-3 and Class B-4] [Each beneficial owner of this
Certificate or any interest herein shall be deemed to have made the
representations set forth in Section 5.07 of the Agreement.]
[For
Class B-5, Class B-7 and Class B-7] [This Certificate may not be acquired
directly or indirectly by, or on behalf of, an employee benefit plan or other
retirement arrangement which is subject to Title I of the Employee Retirement
Income Security Act of 1974, as amended, or Section 4975 of the Internal Revenue
Code of 1986, as amended, unless the transferee certifies or represents that
the
proposed transfer and holding of a Certificate and the servicing, management
and
operation of the trust and its assets: (i) will not result in any prohibited
transaction which is not covered under an individual or class prohibited
transaction exemption, including, but not limited to, Prohibited Transaction
Class Exemption (“PTCE”) 84-14, XXXX 00-00, XXXX 00-0, XXXX 95-60 or PTCE 96-23
and (ii) will not give rise to any additional obligations on the part of the
Depositor, the Master Servicer or the Trustee, which will be deemed represented
by an owner of a Book-Entry Certificate or a Global Certificate or unless the
opinion specified in section 5.07 of the Agreement is provided.]
This
Certificate is one of a duly authorized issue of Certificates designated as
set
forth on the face hereof (the “Certificates”), issued in nineteen Classes.
The Certificates, in the aggregate, evidence the entire beneficial ownership
interest in the Trust Fund formed pursuant to the Agreement.
The
Certificateholder, by its acceptance of this Certificate, agrees that it will
look solely to the Trust Fund for payment hereunder and that the Trustee is
not
liable to the Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the Agreement, subject
to
any liability under the Agreement.
This
Certificate does not purport to summarize the Agreement and reference is made
to
the Agreement for the interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties and immunities
of the Trustee.
The
Agreement permits, with certain exceptions therein provided, the amendment
thereof and the modification of the rights and obligations of the Depositor,
the
Master Servicer and the Trustee and the rights of the Certificateholders under
the Agreement from time to time by the parties thereto with the consent of
the
Holders of Certificates, evidencing Fractional Undivided Interests aggregating
not less than 51% of the Trust Fund (or in certain cases, Holders of
Certificates of affected Classes evidencing such percentage of the Fractional
Undivided Interests thereof). Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders
of
this Certificate and of any Certificate issued upon the transfer hereof or
in
lieu hereof whether or not notation of such consent is made upon this
Certificate. The Agreement also permits the amendment thereof, in certain
limited circumstances, without the consent of the Holders of any of the
Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Trustee upon surrender
of this Certificate for registration of transfer at the offices or agencies
maintained by the Trustee for such purposes, duly endorsed by, or accompanied
by
a written instrument of transfer in form satisfactory to the Trustee duly
executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Certificates in authorized denominations
representing a like aggregate Fractional Undivided Interest will be issued
to
the designated transferee.
The
Certificates are issuable only as registered Certificates without coupons in
the
Classes and denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, this Certificate
is exchangeable for one or more new Certificates evidencing the same Class
and
in the same aggregate Fractional Undivided Interest, as requested by the Holder
surrendering the same.
No
service charge will be made to the Certificateholders for any such registration
of transfer, but the Trustee may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith. The
Depositor, the Master Servicer, the Trustee and any agent of any of them may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Trustee or any such agent shall be affected by notice to the
contrary.
The
obligations created by the Agreement and the Trust Fund created thereby (other
than the obligations to make payments to Certificateholders with respect to
the
termination of the Agreement) shall terminate upon the earlier of (i) the later
of the (A) final payment or other liquidation (or Advance with respect thereto)
of the last Mortgage Loan remaining in the Trust Fund and (B) disposition of
all
property acquired upon foreclosure or deed in lieu of foreclosure of any
Mortgage Loan and the remittance of all funds due under the Agreement, or (ii)
the optional repurchase by the party named in the Agreement of all the Mortgage
Loans and other assets of the Trust Fund in accordance with the terms of the
Agreement. Such optional repurchase may be made only on or after the
Distribution Date on which the aggregate unpaid principal balance of the
Mortgage Loans is less than the percentage of the aggregate Outstanding
Principal Balance specified in the Agreement of the Mortgage Loans at the
Cut-off Date. The exercise of such right will effect the early retirement of
the
Certificates. In no event, however, will the Trust Fund created by the Agreement
continue beyond the earlier of (i) the expiration of 21 years after the death
of
certain persons identified in the Agreement and (ii) the “latest possible
maturity date” for the Certificates (other than the Class R Certificates)
specified in Section 5.01(d) of the Agreement.
Unless
this Certificate has been countersigned by an authorized signatory of the
Trustee by manual signature, this Certificate shall not be entitled to any
benefit under the Agreement, or be valid for any purpose.
IN
WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
April 30, 2007
|
XXXXX
FARGO BANK, N.A.
Not
in its individual capacity but solely as Trustee
|
||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Class [B-1][B-2][B-3][B-4][B-5][B-6][B-7] Certificates referred
to in
the within-mentioned Agreement.
XXXXX
FARGO BANK, N.A.
Authorized
signatory of Xxxxx Fargo Bank, N.A., not in its individual capacity
but
solely as Trustee
|
|||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
__________________________________ (Please print or typewrite name and address
including postal zip code of assignee) a Fractional Undivided Interest evidenced
by the within Mortgage Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Trustee to issue a new Certificate of a like denomination
and
Class, to the above named assignee and deliver such Certificate to the following
address:
Dated:
|
||
Signature
by or on behalf of assignor
|
||
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available
|
|||||||
funds
to
|
|||||||
for
the account of
|
|||||||
account
number
|
or,
if mailed by check, to
|
||||||
Applicable
statements should be mailed to
|
|||||||
This
information is provided by
|
|||||||
assignee
named above, or
|
|||||||
its
agent.
|
EXHIBIT
A-3
FORM
OF CLASS R CERTIFICATES
THIS
CERTIFICATE MAY NOT BE HELD BY OR TRANSFERRED TO A NON-UNITED STATES PERSON,
A
PUBLICLY TRADED PARTNERSHIP OR A DISQUALIFIED ORGANIZATION (AS DEFINED
BELOW).
SOLELY
FOR U.S. FEDERAL INCOME TAX PURPOSES, THIS CERTIFICATE IS A “RESIDUAL INTEREST”
IN A “REAL ESTATE MORTGAGE INVESTMENT CONDUIT” AS THOSE TERMS ARE DEFINED,
RESPECTIVELY, IN SECTIONS 860G AND 860D OF THE INTERNAL REVENUE CODE OF 1986
(THE “CODE”).
THIS
CERTIFICATE MAY NOT BE ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF,
AN
EMPLOYEE BENEFIT PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO TITLE
I OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE PROPOSED
TRANSFEREE PROVIDES THE TRUSTEE WITH AN OPINION OF COUNSEL FOR THE BENEFIT
OF
THE DEPOSITOR, THE TRUSTEE AND THE MASTER SERVICER AND ON WHICH THEY MAY RELY
(WHICH SHALL NOT BE AT THE EXPENSE OF THE TRUSTEE) WHICH IS ACCEPTABLE TO THE
TRUSTEE, THAT THE PURCHASE OF THIS CERTIFICATE WILL NOT RESULT IN OR CONSTITUTE
A NONEXEMPT PROHIBITED TRANSACTION, IS PERMISSIBLE UNDER APPLICABLE LAW AND
WILL
NOT GIVE RISE TO ANY ADDITIONAL OBLIGATIONS ON THE PART OF THE SELLER, THE
MASTER SERVICER, ANY SERVICER OR THE TRUSTEE.
ANY
RESALE, TRANSFER OR OTHER DISPOSITION OF THIS CERTIFICATE MAY BE MADE ONLY
IF
THE PROPOSED TRANSFEREE PROVIDES A TRANSFER AFFIDAVIT TO THE DEPOSITOR AND
THE TRUSTEE THAT (1) SUCH TRANSFEREE IS NOT (A) THE UNITED STATES, ANY STATE
OR
POLITICAL SUBDIVISION THEREOF, ANY POSSESSION OF THE UNITED STATES, OR ANY
AGENCY OR INSTRUMENTALITY OF ANY OF THE FOREGOING (OTHER THAN AN INSTRUMENTALITY
WHICH IS A CORPORATION IF ALL OF ITS ACTIVITIES ARE SUBJECT TO TAX AND EXCEPT
FOR XXXXXXX MAC, A MAJORITY OF ITS BOARD OF DIRECTORS IS NOT SELECTED BY SUCH
GOVERNMENTAL UNIT), (B) A FOREIGN GOVERNMENT, ANY INTERNATIONAL ORGANIZATION,
OR
ANY AGENCY OR INSTRUMENTALITY OF EITHER OF THE FOREGOING, (C) ANY ORGANIZATION
(OTHER THAN CERTAIN FARMERS’ COOPERATIVES DESCRIBED IN SECTION 521 OF THE CODE)
WHICH IS EXEMPT FROM THE TAX IMPOSED BY CHAPTER 1 OF THE CODE UNLESS SUCH
ORGANIZATION IS SUBJECT TO THE TAX IMPOSED BY SECTION 511 OF THE CODE (INCLUDING
THE TAX IMPOSED BY SECTION 511 OF THE CODE ON UNRELATED BUSINESS TAXABLE
INCOME), (D) RURAL ELECTRIC AND TELEPHONE COOPERATIVES DESCRIBED IN SECTION
1381(a)(2)(C) OF THE CODE, (E) AN ELECTING LARGE PARTNERSHIP UNDER SECTION
775(a) OF THE CODE (ANY SUCH PERSON DESCRIBED IN THE FOREGOING CLAUSES (A),
(B),
(C), (D) OR (E) BEING HEREIN REFERRED TO AS A “DISQUALIFIED ORGANIZATION”), OR
(F) AN AGENT OF A DISQUALIFIED ORGANIZATION, (2) SUCH TRANSFEREE IS A UNITED
STATES PERSON UNDER SECTION 7701 OF THE CODE, (3) NO PURPOSE OF SUCH TRANSFER
IS
TO IMPEDE THE ASSESSMENT OR COLLECTION OF TAX AND (4) SUCH TRANSFEREE SATISFIES
CERTAIN ADDITIONAL CONDITIONS RELATING TO THE FINANCIAL CONDITION OF THE
PROPOSED TRANSFEREE. NOTWITHSTANDING THE REGISTRATION IN THE CERTIFICATE
REGISTER OR ANY TRANSFER, SALE OR OTHER DISPOSITION OF THIS CERTIFICATE TO
A
DISQUALIFIED ORGANIZATION OR A NON-UNITED STATES PERSON OR AN AGENT OF A
DISQUALIFIED ORGANIZATION OR A NON-UNITED STATES PERSON, SUCH REGISTRATION
SHALL
BE DEEMED TO BE OF NO LEGAL FORCE OR EFFECT WHATSOEVER AND SUCH PERSON SHALL
NOT
BE DEEMED TO BE A CERTIFICATEHOLDER FOR ANY PURPOSE HEREUNDER, INCLUDING, BUT
NOT LIMITED TO, THE RECEIPT OF DISTRIBUTIONS ON THIS CERTIFICATE. EACH HOLDER
OF
THIS CERTIFICATE BY ACCEPTANCE OF THIS CERTIFICATE SHALL BE DEEMED TO HAVE
CONSENTED TO THE PROVISIONS OF THIS PARAGRAPH.
Certificate
No. 1
|
|
Class
[R-I] [R-II] [R-III]
|
|
Date
of Pooling and Servicing Agreement
and
Cut-off Date:
April
1, 2007
|
Aggregate
Initial Current Principal Amount of this Certificate as of the Cut-off
Date:
$___________
|
First
Distribution Date:
May
25, 2007
|
Initial
Current Principal Amount of this Certificate as of the Cut-off Date:
$_________
|
Master
Servicer:
EMC
Mortgage Corporation
|
CUSIP:
[_____________]
|
Assumed
Final Distribution Date:
May
25, 2047
|
|
BEAR
XXXXXXX ARM TRUST 2007-3
MORTGAGE
PASS-THROUGH CERTIFICATE
SERIES
2007-3
evidencing
a fractional undivided interest in the distributions allocable to the Class
[R-I] [R-II] [R-III] Certificates with respect to a Trust Fund consisting
primarily of a pool of adjustable rate mortgage loans secured by first liens
on
one-to-four family residential properties sold by STRUCTURED ASSET MORTGAGE
INVESTMENTS II INC.
This
Certificate is payable solely from the assets of the Trust Fund, and does not
represent an obligation of or interest in Structured Asset Mortgage Investments
II Inc., the Master Servicer or the Trustee referred to below or any of their
affiliates or any other person. Neither this Certificate nor the underlying
Mortgage Loans are guaranteed or insured by any governmental entity or by
Structured Asset Mortgage Investments II Inc., the Master Servicer or the
Trustee or any of their affiliates or any other person. None of Structured
Asset
Mortgage Investments II Inc., the Master Servicer or any of their affiliates
will have any obligation with respect to any certificate or other obligation
secured by or payable from payments on the Certificates.
This
certifies that Bear, Xxxxxxx Securities Corp. is the registered owner of the
Fractional Undivided Interest evidenced hereby in the beneficial ownership
interest of Certificates of the same Class as this Certificate in a trust (the
“Trust Fund”) primarily consisting of adjustable rate mortgage loans secured by
first liens on one- to four- family residential properties (collectively, the
“Mortgage Loans”) sold by Structured Asset Mortgage Investments II Inc. (“XXXX
XX”). The Mortgage Loans were sold by EMC Mortgage Corporation (“EMC”) to XXXX
XX. EMC will act as master servicer of the Mortgage Loans (the “Master
Servicer,” which term includes any successors thereto under the Agreement
referred to below). The Trust Fund was created pursuant to the Pooling and
Servicing Agreement dated as of the Cut-off Date specified above (the
“Agreement”), among XXXX XX, as depositor (the “Depositor”), EMC, as Master
Servicer and seller, and Xxxxx Fargo Bank, N.A., as trustee (the “Trustee”), a
summary of certain of the pertinent provisions of which is set forth hereafter.
To the extent not defined herein, capitalized terms used herein shall have
the
meaning ascribed to them in the Agreement. This Certificate is issued under
and
is subject to the terms, provisions and conditions of the Agreement, to which
Agreement the Holder of this Certificate by virtue of its acceptance hereof
assents and by which such Holder is bound.
The
Trustee will distribute on the 25th day of each month, or, if such 25th day
is
not a Business Day, the immediately following Business Day (each, a
“Distribution Date”), commencing on the First Distribution Date specified above,
to the Person in whose name this Certificate is registered at the close of
business on the last Business Day of the calendar month preceding the month
of
such Distribution Date, an amount equal to the product of the Fractional
Undivided Interest evidenced by this Certificate and the amount (of principal,
if any) required to be distributed to the Holders of Certificates of the same
Class as this Certificate. The Assumed Final Distribution Date is the
Distribution Date in the month immediately following the month of the latest
scheduled maturity date of any Mortgage Loan and is not likely to be the date
on
which the Current Principal Amount of this Class of Certificates will be reduced
to zero.
Distributions
on this Certificate will be made by the Trustee by check mailed to the address
of the Person entitled thereto as such name and address shall appear on the
Certificate Register or, if such Person so requests by notifying the Trustee
in
writing as specified in the Agreement, by wire transfer. Notwithstanding the
above, the final distribution on this Certificate will be made after due notice
by the Trustee of the pendency of such distribution and only upon presentation
and surrender of this Certificate at the office or agency appointed by the
Trustee for that purpose and designated in such notice. The Initial Current
Principal Amount of this Certificate is set forth above. The Current Principal
Amount hereof will be reduced to the extent of distributions allocable to
principal hereon and any Realized Losses allocable hereto.
Each
Holder of this Certificate will be deemed to have agreed to be bound by the
restrictions set forth in the Agreement to the effect that (i) each person
holding or acquiring any Ownership Interest in this Certificate must be a United
States Person and a Permitted Transferee, (ii) the transfer of any Ownership
Interest in this Certificate will be conditioned upon the delivery to the
Depositor and the Trustee of, among other things, an affidavit to the effect
that it is a United States Person and Permitted Transferee, (iii) any attempted
or purported transfer of any Ownership Interest in this Certificate in violation
of such restrictions will be absolutely null and void and will vest no rights
in
the purported transferee, and (iv) if any person other than a United States
Person and a Permitted Transferee acquires any Ownership Interest in this
Certificate in violation of such restrictions, then the Depositor will have
the
right, in its sole discretion and without notice to the Holder of this
Certificate, to sell this Certificate to a purchaser selected by the Depositor,
which purchaser may be the Depositor, or any affiliate of the Depositor, on
such
terms and conditions as the Depositor may choose.
This
certificate may not be acquired directly or indirectly by, or on behalf of,
an
employee benefit plan or other retirement arrangement which is subject to Title
I of the Employee Retirement Income Security Act of 1974, as amended, or Section
4975 of the Internal Revenue Code of 1986, as amended, unless the proposed
transferee provides the Trustee with an opinion of counsel for the benefit
of
the Depositor, Master Servicer and the Trustee and on which they may rely (which
shall not be at the expense of the Trustee) which is acceptable to the Trustee,
that the purchase of this Certificate will not result in or constitute a
nonexempt prohibited transaction, is permissible under applicable law and will
not give rise to any additional obligations on the part of the Seller, the
Master Servicer, any Servicer or the Trustee.
This
Certificate is one of a duly authorized issue of Certificates designated as
set
forth on the face hereof (the “Certificates”), issued in nineteen Classes.
The Certificates, in the aggregate, evidence the entire beneficial ownership
interest in the Trust Fund formed pursuant to the Agreement.
The
Certificateholder, by its acceptance of this Certificate, agrees that it will
look solely to the Trust Fund for payment hereunder and that the Trustee is
not
liable to the Certificateholders for any amount payable under this Certificate
or the Agreement or, except as expressly provided in the Agreement, subject
to
any liability under the Agreement.
This
Certificate does not purport to summarize the Agreement and reference is made
to
the Agreement for the interests, rights and limitations of rights, benefits,
obligations and duties evidenced hereby, and the rights, duties and immunities
of the Trustee.
The
Agreement permits, with certain exceptions therein provided, the amendment
thereof and the modification of the rights and obligations of the Depositor,
the
Master Servicer and the Trustee and the rights of the Certificateholders under
the Agreement from time to time by the parties thereto with the consent of
the
Holders of Certificates, evidencing Fractional Undivided Interests aggregating
not less than 51% of the Trust Fund (or in certain cases, Holders of
Certificates of affected Classes evidencing such percentage of the Fractional
Undivided Interests thereof). Any such consent by the Holder of this Certificate
shall be conclusive and binding on such Holder and upon all future Holders
of
this Certificate and of any Certificate issued upon the transfer hereof or
in
lieu hereof whether or not notation of such consent is made upon this
Certificate. The Agreement also permits the amendment thereof, in certain
limited circumstances, without the consent of the Holders of any of the
Certificates.
As
provided in the Agreement and subject to certain limitations therein set forth,
the transfer of this Certificate is registrable with the Trustee upon surrender
of this Certificate for registration of transfer at the offices or agencies
maintained by the Trustee for such purposes, duly endorsed by, or accompanied
by
a written instrument of transfer in form satisfactory to the Trustee duly
executed by the Holder hereof or such Holder’s attorney duly authorized in
writing, and thereupon one or more new Certificates in authorized denominations
representing a like aggregate Fractional Undivided Interest will be issued
to
the designated transferee.
The
Certificates are issuable only as registered Certificates without coupons in
the
Classes and denominations specified in the Agreement. As provided in the
Agreement and subject to certain limitations therein set forth, this Certificate
is exchangeable for one or more new Certificates evidencing the same Class
and
in the same aggregate Fractional Undivided Interest, as requested by the Holder
surrendering the same.
No
service charge will be made to the Certificateholders for any such registration
of transfer, but the Trustee may require payment of a sum sufficient to cover
any tax or other governmental charge payable in connection therewith. The
Depositor, the Master Servicer, the Trustee and any agent of any of them may
treat the Person in whose name this Certificate is registered as the owner
hereof for all purposes, and none of the Depositor, the Master Servicer, the
Trustee or any such agent shall be affected by notice to the
contrary.
The
obligations created by the Agreement and the Trust Fund created thereby (other
than the obligations to make payments to Certificateholders with respect to
the
termination of the Agreement) shall terminate upon the earlier of (i) the later
of the (A) final payment or other liquidation (or Advance with respect thereto)
of the last Mortgage Loan remaining in the Trust Fund and (B) disposition of
all
property acquired upon foreclosure or deed in lieu of foreclosure of any
Mortgage Loan and the remittance of all funds due under the Agreement, or (ii)
the optional repurchase by the party named in the Agreement of all the Mortgage
Loans and other assets of the Trust Fund in accordance with the terms of the
Agreement. Such optional repurchase may be made only on or after the
Distribution Date on which the aggregate unpaid principal balance of the
Mortgage Loans is less than the percentage of the aggregate Outstanding
Principal Balance specified in the Agreement of the Mortgage Loans at the
Cut-off Date. The exercise of such right will effect the early retirement of
the
Certificates. In no event, however, will the Trust Fund created by the Agreement
continue beyond the earlier of (i) the expiration of 21 years after the death
of
certain persons identified in the Agreement and (ii) the “latest possible
maturity date” for the Certificates (other than the Class R Certificates)
specified in Section 5.01(d) of the Agreement.
Unless
this Certificate has been countersigned by an authorized signatory of the
Trustee by manual signature, this Certificate shall not be entitled to any
benefit under the Agreement, or be valid for any purpose.
IN
WITNESS WHEREOF, the Trustee has caused this Certificate to be duly
executed.
Dated:
April 30, 2007
|
XXXXX
FARGO BANK, N.A.
Not
in its individual capacity but solely as Trustee
|
||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
CERTIFICATE
OF AUTHENTICATION
This
is
one of the Class [R-I] [R-II] [R-III] Certificates referred to in the
within-mentioned Agreement.
XXXXX
FARGO BANK, N.A.
Authorized
signatory of Xxxxx Fargo Bank, N.A., not in its individual capacity
but
solely as Trustee
|
|||||||||||||
By:
|
|||||||||||||
Authorized
Signatory
|
ASSIGNMENT
FOR
VALUE
RECEIVED, the undersigned hereby sell(s), assign(s) and transfer(s) unto
__________________________________ (Please print or typewrite name and address
including postal zip code of assignee) a Fractional Undivided Interest evidenced
by the within Mortgage Pass-Through Certificate and hereby authorizes the
transfer of registration of such interest to assignee on the Certificate
Register of the Trust Fund.
I
(We)
further direct the Trustee to issue a new Certificate of a like denomination
and
Class, to the above named assignee and deliver such Certificate to the following
address:
Dated:
|
|
Signature
by or on behalf of assignor
|
|
Signature
Guaranteed
|
DISTRIBUTION
INSTRUCTIONS
The
assignee should include the following for purposes of distribution:
Distributions
shall be made, by wire transfer or otherwise, in immediately available
|
|||||||
funds
to
|
|||||||
for
the account of
|
|||||||
account
number
|
or,
if mailed by check, to
|
||||||
Applicable
statements should be mailed to
|
|||||||
This
information is provided by
|
|||||||
assignee
named above, or
|
|||||||
its
agent.
|
EXHIBIT
B
MORTGAGE
LOAN SCHEDULE
LOAN_SEQ CITY1 ZIP_CODE 17020574 OCEANSIDE 92057 17020737 XXXX CITY 94014 17020575 SAN XXXX 95123 17020498 LAS VEGAS 89135 17020499 SUNNYVALE 94089 17020820 SANTA XXXXXXX 93110 17020821 PONTE VEDRA BEACH 32082 17020660 ALPHARETTA 30005 17020822 REHOBOTH BEACH 19971 17020661 NIPOMO 93444 17020823 LA CANADA FLINTRIDGE 91011 17020662 PEORIA 85383 17020824 GOLETA 93117 17020663 PEORIA 85383 17020825 CHICAGO 60647 17020664 LAGUNA NIGUEL 92677 17020826 FAIRFAX STATION 22039 17020665 TUSTIN 92782 17020827 PALMDALE 93551 17020828 LONG BEACH 90815 17020667 FULLERTON 92833 17020829 BELLINGHAM 98229 17020668 CAMBRIA 93428 17020669 CORONA 92883 17020830 BOYNTON BEACH 33437 17020831 SAN FRANCISCO 94112 17020670 LA QUINTA 92253 17020832 NAPA 94558 17020833 TORRANCE 90504 17020671 SONOMA 95476 17020834 PASADENA 91107 17020672 SOQUEL 95073 17020835 PASADENA 91104 17020673 LOS ANGELES 91403 17020836 LOS ANGELES 91040 17020674 SANTA XXX 92703 17020837 CAMPBELL 95008 17020675 SCOTTSDALE 85255 17020838 ADAIRSVILLE 30103 17020676 LAS VEGAS 89141 17020839 MANHATTAN BEACH 90266 17020677 SANTA XXX 92707 17020678 ANAHEIM 92804 17020679 PRESCOTT 86305 17020840 TEMECULA 92591 17020841 SOUTH SAN FRANCISCO 94080 17020842 LOS ANGELES 90025 17020680 LONG BEACH 90813 17020843 VENICE 90291 17020681 POMONA 91766 17020844 LOS ANGELES 90025 17020682 FRESNO 93722 17020845 GLENDALE 91203 17020683 SENECA 29672 17020846 LOS ANGELES 91356 17020684 MESA 85207 17020685 RANCHO SANTA XXXXXXXXX 92688 17020848 GLENDALE 91202 17020686 LOS ANGELES 90004 17020849 SCOTTSDALE 85262 17020687 XX XXXXXXXXX XXXX 00000 17020688 SANTA XXXXX 95051 17020689 SUISUN CITY 94585 17020850 OAK PARK 91377 17020657 BRENTWOOD 94513 17020495 MT XXXXXX 98274 17020819 TAHUYA 98588 17020658 PEORIA 85383 17020496 NEW CANAAN 06840 17020659 MISSION VIEJO 92692 17020497 GEORGETOWN 01833 17020492 TUSTIN 92782 17020816 ROSEVILLE 95747 17020655 RANCHO MIRAGE 92270 17020493 WOODBRIDGE 22193 17020817 WEST COVINA 91791 17020656 SANTA XXXXX 95051 17020494 FRANKLIN 37064 17020812 ELLICOTT CITY 21043 17020651 BROOMFIELD 80020 17020813 MESA 85207 17020814 XXXXXX 02186 17020652 BOULDER 80301 17020490 CORONA 92881 17020491 SAN DIEGO 92129 17020815 SANTA XXXX 95401 17020654 SANTA XXXX 95404 17020500 GREENWICH 06831 17020501 XXXXX XXXX XXXXX 00000 17020502 PHOENIX 85018 17020503 CHURCHVILLE 18966 17020504 GIG HARBOR 98332 17020505 HENDERSON 89052 17020506 OXNARD 93030 17020507 GILBERT 85233 17020508 SAN XXXX 95135 17020509 CUPERTINO 95014 17020510 HAYMARKET 20169 17020511 VAIL 81657 17020512 PETALUMA 94954 17020513 SANTA XXXX 95060 17020514 XXXXXXX 20136 17020515 PHOENIX 85045 17020516 BUENA PARK 90621 17020517 LAFAYETTE 80026 17020518 ALEXANDRIA 22309 17020519 KENSINGTON 20895 17020520 SAN XXXX 95126 17020521 SAN XXXX 95128 17020522 MESA 85215 17020523 MANASSAS 20112 17020524 CHANTILLY 20152 17020525 SAN XXXX 95123 17020526 NIPOMO 93444 17020527 SHINGLE SPRINGS 95682 17020528 ALEXANDRIA 22309 17020529 ASHBURN 20147 17020530 ROCHESTER HILLS 48306 17020531 CAMANO ISLAND 98282 17020532 SAN CLEMENTE 92673 17020533 KENMORE 98028 17020534 CHICAGO 60614 17020535 LEXINGTON 02421 17020536 FORT XXXXX 33967 17020537 GREEN BAY 54311 17020538 COLLEYVILLE 76034 17020539 MILLBRAE 94030 17020700 LOS ANGELES 90015 17020701 ANAHEIM 92805 17020702 RANCHO CUCAMONGA 91737 17020540 SANTA XXXXX 95051 17020703 PACIFIC BEACH 98571 17020541 XXXXXXXXXX XXXXX 00000 17020704 PETALUMA 94954 17020542 SAN FRANCISCO 94116 17020705 SAN XXXX 95120 17020543 LENEXA 66220 17020706 SALT LAKE CITY 84109 17020544 BUENA PARK 90621 17020707 ROSEMOUNT 55068 17020545 NORTH BEND 97459 17020708 MARINA DEL REY 90292 17020546 LOS ANGELES 90039 17020547 SAN CLEMENTE 92673 17020385 MEDFIELD 02052 17020548 ORO VALLEY 85755 17020386 SUNNYVALE 94086 17020549 LONGMONT 80503 17020387 HAYMARKET 20169 17020388 SAN DIEGO 92116 17020389 SAN CLEMENTE 92673 17020710 CHELMSFORD 01824 17020711 SAN DIEGO 92106 17020550 FAIRFAX 22031 17020712 BUENA PARK 90620 17020551 NEWMARK 94560 17020713 SIMI VALLEY 93063 17020714 CITY OF XXXXXXXXXX XXXXX 00000 17020552 JERSEY CITY 07302 17020715 LOS ALTOS 94022 17020553 LAGUNA NIGUEL 92677 17020391 DUBLIN 94568 17020392 UPPER MARLBORO 20774 17020554 XXXXX XXXXX 92887 17020716 ANTIOCH 94509 17020717 SOMIS 93066 17020555 ST XXXXXX 84790 17020393 APEX 27539 17020718 LA QUINTA 92253 17020556 SAN XXXXXX 94901 17020394 SUGAR GROVE 60554 17020395 HIGHLANDS RANCH 80126 17020557 LORTON 22079 17020719 DENVER 80206 17020558 LOS ANGELES 90062 17020397 SPRINGDALE 72762 17020559 VALLEJO 94591 17020398 TEMPE 85284 17020399 VISALIA 93291 17020720 PHOENIX 85013 17020721 PHOENIX 85054 17020722 NORTHRIDGE 91326 17020560 SAN FRANCISCO 94132 17020723 RANCHO MIRAGE 92270 17020561 FORSYTH 31029 17020724 SAN CLEMENTE 92673 17020562 SAN CLEMENTE 92672 17020725 SUFFOLK 23435 17020563 GRANADA HILLS 91344 17020726 SAN DIEGO 92130 17020564 SAN BRUNO 94066 17020727 SOUTH LAKE TAHOE 96150 17020565 NORTH WILDWOOD 08260 17020728 FLUSHING 11355 17020566 AUBURN 95602 17020729 NEW YORK 10036 17020567 PARK CITY 84060 17020568 HERCULES 94547 17020569 LAS VEGAS 89141 17020730 TRACY 95376 17020731 XXXXXX XXXXX XXXX 00000 17020732 COS COB 06807 17020570 SAN XXXXXXX AREA 91775 17020733 FREMONT 94536 17020571 CAMARILLO 93010 17020734 MIRAMAR 33029 17020572 SOUTH RIDING 20152 17020735 TAVERNIER 33070 17020573 XXXXXXX 81632 17020736 OAKLAND 94601 17020487 CAMARILLO 93010 17020488 XXXXXXX OAKS 91411 17020489 SAN LEANDRO 94577 17020810 VAN NUYS 91405 17020811 LOS ANGELES 91335 17020650 IRVINE 92620 17020791 COPPELL 75019 17020792 LOS ANGELES 90025 17020793 MURRIETA 92563 17020794 NEW MILFORD 06776 17020795 WASHINGTON 20016 17020796 HUNTINGTON BEACH 92648 17020797 LA MIRADA 90638 17020798 AGOURA 91301 17020799 LONG BEACH 90814 17020790 BRENTWOOD 94513 17020646 THOUSAND OAKS 91362 17020484 LEESBURG 20175 17020808 XXXXXXX XXXXX 00000 17020647 BASKING RIDGE 07920 17020485 CHESAPEAKE 23322 17020809 XX XXXXXXXXX XXXX 00000 17020648 CHULA VISTA 91914 17020486 ROSEVILLE 95661 17020649 HERMOSA BEACH 90254 17020781 CERRITOS 90703 17020782 TORRANCE 90501 17020783 SANTA XXX 92707 17020784 SAN XXXX 95123 17020785 LEESBURG 20176 17020786 SANTA XXXXX 95050 17020787 LITTLE XXXXXXX 02837 17020788 DIAMOND BAR 91765 17020789 ALISO VIEJO 92656 17020612 AREA OF CASTAIC 91384 17020450 SAN XXXX 95126 17020613 LOS ANGELES 90065 17020451 XXXXXXX 81632 17020614 NORTHRIDGE AREA LOS ANGEL 91326 17020452 CORONA 92880 17020615 FRESNO 93704 17020453 WILLIAMSPORT 21795 17020616 FREMONT 94555 17020454 SAVANNAH 31406 17020617 MISSION VIEJO 92694 17020455 RANDOLPH 07869 17020456 SUDBURY 01776 17020618 RANCHO CUCAMONGA 91730 17020619 WINCHESTER 92596 17020457 NORTH ATTLEBORO 02760 17020458 CHICAGO 60605 17020459 TUSTIN 92780 17020620 BOWIE 20721 17020621 ALEXANDRIA 22312 17020622 WALDORF 20603 17020460 SAN XXXX 95116 17020623 REDMOND 98052 17020461 XXXXX SPRING 20860 17020624 SCOTTSDALE 85259 17020462 SCOTTSDALE 85259 17020625 SAN XXXXX 94583 17020463 SUNNYVALE 94089 17020626 CHULA VISTA 91911 17020464 WARRENTON 20187 17020627 KEY WEST 33040 17020465 DUXBURY 02332 17020628 LOS OSOS 93402 17020466 XXXXXXX 83001 17020629 CAMARILLO 93010 17020467 CHICAGO 60657 17020468 GREAT FALLS 22066 17020469 ANNAPOLIS 21401 17020630 SUNNYVALE 94086 17020631 SIMI VALLEY 93065 17020632 FAIRFAX 94930 17020470 IRVINE 92603 17020633 SCOTTSDALE 85260 17020471 OMAHA 68122 17020634 SAN MARCOS 92078 17020472 RANDOLPH 07869 17020635 CHICO 95926 17020473 BRENTWOOD 94513 17020636 SEATTLE 98199 17020474 FAIRFAX 22030 17020637 IRVINE 92620 17020475 ISSAQUAH 98029 17020638 UPPER MARLBORO 20774 17020476 STRATFORD 06615 17020477 LOS ANGELES 90036 17020478 PLEASANTON 94588 17020479 DENVER 80222 17020800 SARATOGA 95070 17020801 SAN XXXXXX 94901 17020640 CASTLE ROCK 80108 17020802 LORTON 22079 17020641 SCOTTSDALE 85262 17020803 VAL VERDE 91384 17020642 THOUSAND OAKS 91362 17020480 CHARLOTTE 28277 17020804 WEST HOLLYWOOD 90046 17020643 EAGLE 83616 17020481 SOUTH RIDING 20152 17020805 AMBLER 19002 17020644 DUBLIN 94568 17020482 LOS ANGELES 90034 17020806 SAN XXXX 95111 17020645 IRVINE 92620 17020483 CAROLINA BEACH 28428 17020807 ANAHEIM 92804 17020436 BUENA PARK 90621 17020437 OAKLEY 94561 17020438 ROCKLIN 95765 17020439 HENDERSON 89044 17020600 GARDENA 90248 17020601 PIEDMONT 94611 17020602 SAN PABLO 94806 17020440 DOWNEY 90241 17020603 LORTON 22079 17020441 GREEN OAKS 60048 17020604 XXXXXX XXXXX XXXX 00000 17020442 FT XXXXX 33908 17020605 RESTON 20190 17020606 HALF MOON BAY 94019 17020444 XXXXXXX 20136 17020607 SCOTTSDALE 85260 17020445 LOS ANGELES 90048 17020608 SAN LEANDRO 94577 17020446 SUNNYVALE 94089 17020609 RANCHO XXXXXXX 95742 17020447 BOYDS 20841 17020448 ROSEVILLE 95747 17020449 XXXXXX 20759 17020610 LOS ANGELES 90019 17020611 BRENTWOOD 94513 17020771 SALINAS 93901 17020772 RIVERSIDE 92504 17020773 HOLLISTER 95023 17020774 ELGIN 60124 17020775 PHOENIX 85028 17020777 CANYON LAKE 92587 17020778 PALM SPRINGS 92262 17020779 PALM SPRINGS 92264 17020780 LONG BEACH 90803 17020400 XXXXXX HILLS 60061 17020401 SEAL BEACH 90740 17020402 CORONA 92880 17020403 OXNARD 93035 17020404 SAN DIEGO 92127 17020405 SEATTLE 98144 17020406 LAGUNA NIGUEL 92677 17020407 ENGLEWOOD CLIFFS 07632 17020408 BAKERSFIELD 93312 17020409 BIRMINGHAM 35226 17020410 RANCHO CUCAMONGA 91730 17020411 SAN XXXX 95133 17020412 LAKE RIDGE 22192 17020413 REDONDO BEACH 90278 17020415 SAN XXXX 95116 17020416 SAN XXXX 95133 17020417 VIENNA 22180 17020418 BROOKVILLE 11545 17020419 NEW YORK 10004 17020420 CAMARILLO 93012 17020421 XXXXXX 75094 17020422 CHEVY CHASE 20815 17020423 MANASSAS 20111 17020424 UNION HALL 24176 17020425 LINCOLN 68526 17020427 MARRIOTTSVILLE 21104 17020428 SPARKS 89436 17020429 BOTHELL 98021 17020430 MANHATTAN BEACH 90266 17020431 XXXXXX 80134 17020432 LAS VEGAS 89149 17020433 ENGLEWOOD 80113 17020434 XXXXXX 02467 17020761 SCOTTSDALE 85259 17020762 LOS ANGELES 90046 17020763 XXXXX XXXXX 37379 17020764 PLAYA VISTA 90094 17020765 OLD LYME 06371 17020766 BOSTON 02115 17020767 BROOKLINE 02445 17020768 HOPKINTON 01748 17020769 WELLESLEY 02481 17020770 GERMANTOWN 20876 17020851 GLENDALE 91207 17020852 SANTA XXXXXX 90404 17020690 NIPOMO 93444 17020853 XXXXX BEACH 93424 17020691 PEORIA 85383 17020854 SALINAS 93905 17020692 SAN DIEGO 92124 17020855 SAN DIEGO 92129 17020693 CHANTILLY 20152 17020856 BURLINGAME 94010 17020694 VIENNA 22180 17020857 GAINESVILLE 20155 17020695 RESTON 20194 17020858 BOCA RATON 33432 17020696 RANCHO CUCAMONGA 91701 17020859 LAFAYETTE 80026 17020697 PITTSBURG 94565 17020698 SYLMAR 91342 17020699 SAN XXXXXX 94070 17020860 DALLAS 75205 17020861 PALM SPRINGS 92262 17020862 PHOENIX 85086 17020740 NARRAGANSETT 02882 17020741 APTOS 95003 17020742 POWAY 92064 17020580 UKIAH 95482 17020743 BRIGANTINE 08203 17020581 BRENTWOOD 94513 17020744 MAPLETON 84664 17020582 CHESTERFIELD 08515 17020745 RICHMOND 94806 17020583 BOWIE 20721 17020746 SIX MILE 29682 17020584 IRVINE 92620 17020747 INDIO 92203 17020585 XXXXXXX 20136 17020748 MANHATTAN BEACH 90266 17020586 RENO 89509 17020749 MENLO PARK 94025 17020587 SANTA XXXX 95404 17020588 SPRING VALLEY 91977 17020589 PLEASANT HILL 94523 17020750 BELLEROSE 11426 17020751 REDONDO BEACH 90277 17020590 BELTSVILLE 20705 17020752 IRVINGTON 10533 17020591 HOLLISTER 95023 17020753 OXNARD 93035 17020592 XX XXXXXX 00000 17020754 ANTIOCH 94531 17020593 POTOMAC 20854 17020755 ESTERO 33928 17020594 SEATTLE 98117 17020756 MONTE SERENO 95030 17020595 CHICAGO 60647 17020757 CARLSBAD 92009 17020596 SAN XXXX 95126 17020758 LITCHFIELD PARK 85340 17020597 CARY 27513 17020759 NAPLES 34109 17020598 UPLAND 91784 17020599 WALPOLE 02032 17020760 PHOENIX 85044 17020738 CORONA 92879 17020576 GLENDALE 91208 17020739 XXXXXX 02459 17020577 CHICAGO 60608 17020578 OCEAN CITY 21842 17020390 GAINESVILLE 20155 17149253 SOMERVILLE 02145 17129133 NEW YORK 10011 17120372 COSTA MESA 92626 17120377 XXXXXX 92065 17120399 HACIENDA HEIGHTS 91745 17129138 COTO DE CAZA 92679 17120386 CAMARILLO 93012 17120389 TORRANCE 90505 17120412 SILVER SPRING 20910 17120421 AUBURN 98092 17120390 TRES PINOS 95075 17120391 OXNARD 93036 17120392 CHULA VISTA 91915 17120393 DANVILLE 94526 17120394 GLENDALE 91206 17120395 SANTA CLARITA 91390 17120397 SANTA XXX 92705 17120398 SAN PABLO 94806 17120385 SANTA XXXX 95404 17120387 CHICAGO 60601 17120388 RENTON 98059 17120384 BAKERSFIELD 93311 17120330 BIRMINGHAM 35213 17120331 BOULDER 80304 17120332 EAST HAMPTON 11937 17120333 CHULA VISTA 91915 17120334 WESTPORT 06880 17120335 LONG BEACH 90807 17120336 CATHARPIN 20143 17120337 PASADENA 91105 17120338 SAN DIEGO 92131 17120339 CHINO HILLS 91709 17120341 THOUSAND OAKS 91320 17120342 TUCSON 85701 17120343 NEWTOWN 06470 17120344 FORT XXXXX 33912 17120346 WOODINVILLE 98077 17120347 KIRKLAND 98033 17120348 CORONA 92880 17120349 JERSEY CITY 07310 17120350 EAST HAMPTON 11937 17120351 LONG BEACH 90808 17120353 DAWSONVILLE 30534 17120354 WOODINVILLE 98077 17120355 SAN FRANCISCO 94117 17120356 CAMARILLO 93012 17120357 GLENDORA 91741 17120358 TULALIP 98271 17120359 DUVALL 98019 00000000 BURBANK 91505 17120361 GRANADA HILLS 91344 17120362 KIRKLAND 98033 17120363 SANTA XXXXXXX 93111 17120364 PACIFIC GROVE 93950 17120365 CONCORD 94518 17120366 ALAMEDA 94501 17120367 SOUTHWEST RANCHES 33331 17120370 XXXXX 22015 17120371 MILPITAS 95035 17120373 XXXX POINT 92629 17120374 WALDORF 20603 17120375 SAN LEANDRO 94578 17120376 SAN XXXX 95118 17120378 SAN XXXX 95136 17120379 KIRKLAND 98033 17120380 MENLO PARK 94025 17120381 SAN XXXX 95128 17120382 LEESBURG 20175 17120383 IRVINE 92620 17120327 WESTON 02493 17120328 CHICAGO 60622 17149240 LAGUNA NIGUEL 92677 17149241 SAN XXXXX 94583 17149242 WEST HOLLYWOOD 90069 17149243 FAIRFIELD 94534 17149244 CLARENDON HILLS 60514 17149245 SAN DIEGO 92127 17149246 TORRANCE 90504 17149247 GLENDALE 91208 17149248 LOS ANGELES 90065 17149249 TRACY 95304 17149250 SAN DIEGO 92127 17149251 COLTON 92324 17149252 MUKILTEO 98275 17149100 BOWIE 20720 17149101 OCEANO 93445 17149102 AMHERST 03031 17129130 DENVER 80220 17129131 XXXXXXX HEIGHTS AREA 91748 17129132 SAN ANTONIO 78258 17129134 BOSTON 02118 17129135 WILLOWBROOK 60527 17129136 CORAL GABLES 33146 17129137 RANCHO CUCAMONGA 91739 17129139 PETALUMA 94952 17129140 ASPEN 81611 17129141 SOLANA BEACH 92075 17129142 FULLERTON 92835 17129144 XXXXXXX 20170 17129145 HUNTINGTON BEACH 92648 17129127 STATEN ISLAND 10312 17129128 ASHBURN 20147 17129129 NOLENSVILLE 37135 17120410 VALLEY CENTER 92082 17120411 FULLERTON 92831 17120413 HANOVER 02339 17120414 WESTBOROUGH 01581 17120415 GARDEN CITY 83714 17120416 UNION CITY 94587 17120417 REDONDO BEACH 90278 17120418 IDAHO FALLS 83406 17120419 SAN XXXX CAPISTRANO 92675 17120420 SAN XXXX 95127 17120422 SEATTLE 98119 17120423 SAN XXXX 95126 17120424 LEXINGTON 02421 17120425 FREMONT 94539 17120426 HENDERSONVILLE 37075 17149077 VICTORIA 55386 17149078 ATLANTA 30309 17149079 GLENVIEW 60025 00000000 BURBANK 91501 17149081 FREMONT 94538 17149082 ARLINGTON 22203 17149083 PROVIDENCE 84332 17149084 JERSEY CITY 07302 17149086 BRISBANE 94005 17149087 BRUSH PRAIRIE 98606 17149088 HARBOR CITY 90710 17149089 XXXXXXX 07648 17149090 LONG BEACH 90803 17149091 INGLEWOOD 90303 17120401 CHULA VISTA 91910 17120402 XXXXXXXXX 60083 17120403 PROSPER 75078 17120404 HERMOSA BEACH 90254 17120405 WOODLAND HILLS 91367 17120406 MUKILTEO 98275 17120407 BLACK DIAMOND 98010 17120408 LOS ANGELES 90028 17120409 GARDEN GROVE 92841 17149092 BLOOMFIELD HILLS 48302 17149093 MUKILTEO 98275 17149094 CARLSBAD 92008 17149095 LONG BEACH 90803 17149096 LEESBURG 20176 17149097 XXXXXXX XXXXX 00000 17149098 LA QUINTA 92253 17149099 PALO ALTO 94301 17120498 SIMI VALLEY 93065 17120455 RANCHO MIRAGE 92270 17120477 LOS ANGELES 90064 17120490 PALO ALTO 94301 17120532 FONTANA 92337 17120544 SAN CLEMENTE 92673 17120540 EL SEGUNDO 90245 17120541 PLACENTIA 92870 17120542 SAN DIEGO 92131 17120543 AMERICAN CANYON 94503 17120545 HENDERSON 89011 17120546 CYPRESS 90630 17120547 CONCORD 94520 17120548 SAN XXXX 95125 17120549 DUARTE 91010 17120550 OXNARD 93035 17120551 ARLINGTON 22207 17120552 THOUSAND OAKS 91360 17120553 SANTA XXXXXXX 93111 17120554 SEASIDE 93955 17120555 CASCADE 59421 17120556 MARYSVILLE 98271 17120557 GOLETA 93117 17120558 LOS ANGELES 90046 17120559 SAN XXXX 95124 17120560 SUNNYVALE 94089 17120561 SANTA XXXXXXX 93108 17120562 SACRAMENTO 95831 17120563 SAN XXXXXX 94901 17120564 CARLSBAD 92011 17120565 LYNNWOOD 98036 17120566 SAN XXXX CAPISTRANO 92675 17120567 COSTA MESA 92626 17120568 SANTA XXXXXXX 93101 17120569 VALLEJO 94591 17120570 SNOQUALMIE 98065 17120571 SILVER SPRING 20901 17120572 FONTANA 92336 17120573 LAS VEGAS 89123 17120574 HENDERSON 89052 17120575 WELLINGTON 33414 17120576 FRANKLIN 37064 17120526 SAN XXXX 95112 17120527 LOS ANGELES 90065 17120528 PEMBROKE PINES 33028 17120529 NORWALK 06851 17120530 OXNARD 93035 17120531 CAMARILLO 93012 17120533 SALINAS 93906 17120534 PENNGROVE 94951 17120535 NAPA 94558 17120536 MOORPARK 93021 17120537 VIRGINIA BEACH 23451 17120538 LOS ANGELES 90049 17120539 LOS ANGELES 90066 17120510 SIMI VALLEY 93063 17120511 OCEANSIDE 92056 17120512 MIAMI 33176 17120513 MIAMI LAKES 33016 17120514 SHERBORN 01770 17120515 XXXXXX 01740 17120516 SANTA XXXXXX 90404 17120517 WEST COVINA 91790 17120518 ROSEMEAD 91770 17120519 XXXXXXXXXX XXXXX 00000 17120520 RICHMOND 01254 17120521 FLOWER MOUND 75022 17120522 COATESVILLE 19320 17120523 WOODLAND HILLS 91367 17120524 MANALAPAN TOWNSHIP 07726 17120525 PARK CITY 84060 17120500 SANTA XXXXXXX 93101 17120501 RESTON 20191 17120502 HENDERSONVILLE 37075 17120503 INGLEWOOD 90303 17120504 NORTH HOLLYWOOD 91601 17120505 DOYLESTOWN 18902 17120506 SAN MARCOS 92078 17120507 XXXXXXX XXXX 00000 17120508 NAPLES 34110 17120509 INGLEWOOD 90305 17149110 GOLDEN BEACH 33160 17149111 LOS ANGELES 90039 17149112 OAKLAND 94618 17149113 ELLICOTT CITY 21043 17149103 DENVER 80202 17149105 HAYMARKET 20169 17149106 WALNUT CREEK 94598 17149107 VENTURA 93003 17149108 WOODLAND HILLS 91364 17149109 WILSONVILLE 97070 17120450 POWAY 92064 17120451 PARKLAND 33076 17120452 CASTLE ROCK 80108 17120453 CLOSTER 07624 17120454 SAN XXXX 95136 17120456 XXXXXX 54016 17120457 HIGHLANDS 28741 17120458 PLEASANTON 94566 17120459 SONOMA 95476 17120460 SAN XXXXX 94582 17120461 BRISBANE 94005 17120462 REDONDO BEACH 90277 17120463 EL DORADO HILLS 95762 17120464 SANTA XXXXXXX 93105 17120465 IRVINE 92618 17120466 GLENDALE 85308 17120467 CARLSBAD 92009 17120468 MIAMI BEACH 33140 17120469 PALM BEACH GARDENS 33418 17120470 LOS ANGELES 90008 17120471 LAS VEGAS 89117 17120472 CRESTED BUTTE 81224 17120473 CORONA 92880 17120474 ASTORIA 11105 17120476 WASHINGTON 20001 17120478 IRVINE 92603 17120479 FONTANA 92336 17120480 SOMIS 93066 17120481 SAN XXXXX 94582 17120482 CHULA VISTA 91913 17120483 LAKEWOOD 90713 17120484 RICHMOND 94804 17120485 SANTA XXXXXXX 93110 17120486 OAKLAND 94605 17120487 CORONA 92883 17120488 LAKE FOREST PARK 98155 17120489 GRANITE BAY 95746 17120491 PALO ALTO 94301 17120492 GAINESVILLE 20155 00000000 GRANTS PASS 97526 17120494 MARINA DEL REY 90292 17120495 PACIFIC PALISADES 90272 17120496 FONTANA 92336 17120499 LAS VEGAS 89144 17120429 AUBURN 36830 17120430 LOS ANGELES (PLAYA VISTA) 90094 17120431 MOORESVILLE 28117 00000000 BURBANK 91501 00000000 BURBANK 91506 17120434 FULLERTON 92833 17120436 LOS ANGELES 90064 17120437 BRENTWOOD 37027 17120438 VALENCIA 91354 17120440 KIRKLAND 98033 17120441 LOS ANGELES 90272 17120442 PARKLAND 33067 17120443 APACHE JUNCTION 85218 17120444 THOUSAND OAKS 91360 17120445 LIVERMORE 94550 17120446 OMAHA 68124 17120447 KIRKLAND 98033 17120448 LONG BEACH 90803 17120449 BRENTWOOD 94513 17181086 FLEMINGTON 08822 17171924 PALM BEACH 33480 17172078 CHAPEL HILL 27517 17175048 MANHATTAN BEACH 90266 17175049 SOMERSET 08873 17171987 SANTA FE 87501 17172020 AREA OF SANTA YNEZ 93460 17203440 XXXXXXX XXXX 00000 17172004 NIPOMO 93444 17172023 NORTHVALE 07647 17172005 EAST BRUNSWICK 08816 17203443 SANTA FE 87506 17203445 CLAREMONT 91711 17203409 WESTWOOD 96137 17172044 ATLANTA 30305 17203427 HERMOSA BEACH 90254 17172008 HOBOKEN 07030 17181117 ESCALON 95320 17172064 CAMARILLO 93010 17203267 BALD HEAD ISLAND 28461 17175071 GEORGETOWN 40324 17172065 LOS ANGELES 90012 17175054 DURHAM 95938 17172048 FLOWERY BRANCH 30542 17172049 ATLANTA 30316 17171951 RALEIGH 27612 17171995 PROSPECT 40059 17203410 LOS ANGELES 90004 17181120 WOODCLIFF LAKE 07677 17172112 WILDWOOD CREST 08260 17172014 LA HABRA 90631 17203451 NORTON 02766 17172051 WILMINGTON 28412 17203255 MONROE 08831 17172053 CHATHAM 07928 17203437 MARIETTA 30066 17172036 RANCHO MIRAGE 92270 17172136 BOYNTON BEACH 33435 17172073 HAYWARD 94544 17172055 RENO 89523 17203294 PORT SAINT LUCIE 34986 17203278 NORWELL 02061 17203359 CHARLESTOWN 02129 17172039 STONE MOUNTAIN 30087 17203396 ATLANTA 30324 17203423 UNIVERSITY PARK 34201 17203388 SAN XXXX 95131 17203364 KULA 96790 17203354 BRENTWOOD 94513 17203317 WINDSOR 95492 17171965 BEND 97701 17203331 NORTHBROOK 60062 17172132 XXXXXXX XXXXX 00000 17172133 ALEXANDRIA 22306 17172127 MUNDELEIN 60060 17172130 BETHESDA 20816 17172104 HAYWARD 94542 17172114 SAN XXXX 95111 17172125 XXXXXXX 81632 17172126 OAKLAND 94619 17171998 RANCHO PALOS VERDES 90275 17172001 BOTHELL 98011 17172002 WEST SACRAMENTO 95691 17172010 SAN XXXX 95133 17172022 SCOTTSDALE 85258 17172033 XXXXXX CITY 94404 17172041 GARDEN GROVE 92840 17172057 ALEXANDRIA 22309 17172061 AUBURN 95602 17172068 SALT LAKE CITY 84108 17172074 HAYWARD 94544 17172084 ANAHEIM 92802 17172086 THOUSAND OAKS 91360 17171926 QUEEN CREEK 85242 17171946 WHITTIER AREA 90604 17171952 XXXXXXXXX RANCH 91381 17171957 BRENTWOOD 94513 17171960 HILTON HEAD ISLAND 29928 17171979 HACIENDA HEIGHTS 91745 17171980 TUSTIN 92782 17171983 BELLFLOWER 90706 17171990 FONTANA 92336 17171992 DAVIS 95616 17171922 PIONEER 95666 17203303 SAN XXXX 95136 17203452 CHARLESTOWN 02129 17203340 BLOOMINGDALE 60108 17203351 CORONA 92882 17203283 HENDERSON 89044 17203252 SNOHOMISH 98296 17203412 FREMONT 94539 17203321 HEALDSBURG 95448 17203385 SAN XXXXX 94582 17203392 LANCASTER 14086 17203401 CAPE CORAL 33904 17203435 FOOTHILL RANCH 92610 17203383 PASO XXXXXX 93446 17203323 OCONOMOWOC 53066 17203449 GARDEN CITY 11530 17203328 LONG BEACH 90815 17203339 NEW MARKET 21774 17203315 SAN MATEO 94403 17203257 ASHBURN 20148 17203295 SAN XXXX 95126 17203290 SAN XXXXX 94582 17203299 GILBERT 85296 17203424 BUENA PARK 90621 17203379 BERLIN 21811 17203256 HENDERSON 89044 17203422 FRESNO 93723 17203253 WASHOUGAL 98671 17203312 SAN XXXX 95128 17203293 ESCONDIDO 92027 17203418 ORLAND PARK 60467 17203314 TUSTIN 92782 17203448 ALDIE 20105 17203384 COSTA MESA 92627 17203281 COLUMBIANA 35051 17203348 MAHOPAC 10541 17203390 EAST PALO ALTO 94303 17203310 HAYWARD 94544 17203363 CHICAGO 60634 17203425 ROCKVILLE 20852 17203373 GREENBURGH 10530 17203266 FREDERICKSBURG 22401 17203358 SAN XXXX 95124 17203429 MIRAMAR 33029 17203371 TARZANA 91356 17203337 KEY WEST 33040 17203421 ESCONDIDO 92025 17203430 LOS ANGELES 90064 17203247 KIRKLAND 98034 17203320 LADERA RANCH 92694 17203405 GLENDALE 91214 17203270 BOYNTON BEACH 33436 17203362 OWASCO 13021 17203361 MIAMI 33018 17203272 ESTERO 33928 17203350 LOS ANGELES 91040 17203403 LINCOLN 95648 17203301 XXXXXXXXXX XXXXX 00000 17203349 ANTIOCH 94509 17203338 SAN DIEGO 92130 17203345 XXXXXXX OAKS 91403 17203307 SAN XXXXX 94582 17203357 LOS ANGELES 90022 17203442 HUNTINGTON BEACH 92646 17203277 LIVERMORE 94551 17203280 VAIL 85641 17203344 BELLE XXXXXX 70037 17203381 WASHINGTON 20009 17203436 SCHAUMBURG 60193 17203333 KAMUELA 96743 17203316 LIBERTYVILLE 60048 17203305 IRVINE 92618 17203292 TUCSON 85715 17203419 EL MONTE 91733 17203433 MILLSBORO 19966 17203438 SANTA XXX 92707 17203284 DANVILLE 94506 17203275 CANYON LAKE 92587 17203411 TORRANCE 90505 17203324 BLUFFTON 29910 17203408 ANAHEIM 92805 17203300 REDMOND 98052 17203273 JACKSONVILLE BEACH 32250 17203446 STAMFORD 06903 17203415 ROSEVILLE 95678 17203389 OAKLEY 94561 17203398 XXXXX INLET 32127 17203274 PARADISE VALLEY 85253 17203318 CORONA 92882 17203391 SEATTLE 98144 17203399 SANTA XXXXX 93455 17203450 XXXXXX HILLS 60061 17203447 MIAMI 33175 17203453 ALDIE 20105 17203428 BASALT 81621 17203313 COTO DE CAZA 92679 17203431 PRESCOTT 86305 17203417 WEST COVINA 91791 17203343 SANTA XXXX 95401 17203360 CHINO HILLS 91709 17203416 ISSAQUAH 98027 17203406 VACAVILLE 95688 17203367 CORONA 92880 17203380 OXNARD 93036 17203286 GLENVIEW 60026 17203330 BROOKLYN 11209 17203249 HAYMARKET 20169 17203342 SAINT LOUIS 63130 17203346 EAST NORTHPORT 11731 17203264 MONUMENT 80132 17203322 OXNARD 93035 17203397 SIMI VALLEY 93063 17203407 XXXX POINT 92629 17203336 PIONEER 95666 17203374 UPLAND 91784 17203329 ROCHESTER HILLS 48309 17203327 CERRITOS 90703 17203369 CORONA 92880 17203335 DUBLIN 94568 17203291 PASADENA 91106 17203289 DANVILLE 94506 17203372 THOUSAND OAKS 91320 17203296 SCOTTSDALE 85260 17203254 BAKERSFIELD 93312 17203444 OKATIE 29909 17203365 VIENNA 22180 17203259 DENVER 80230 17203366 WASHINGTON 20016 17203353 XXXXXXXXXX XXXXX 00000 17203285 LIBERTYVILLE 60048 17203352 HUNTINGTON 11743 17203306 CHICAGO 60647 17203414 SAN XXXX 95130 17203393 UNION CITY 94587 17203382 CHULA VISTA 91915 17203302 UPPER MARLBORO 20774 17203356 NOVATO 94945 17203387 CAMARILLO 93012 17203377 ASHBURN 20148 17203308 GLENDALE 91206 17203276 COLORADO SPRINGS 80921 17203288 XXXXXXXXXX XXXXX 00000 17203378 BEAUMONT 92223 17203376 RIVERSIDE 92508 17203370 DIAMOND BAR 91765 17203248 PINE 80470 17203341 XXXXXXX 93960 17203334 PALM BEACH GARDENS 33410 17203395 HILTON HEAD 29926 17203332 TEMECULA 92592 17203309 RIPON 95366 17203375 XXXXXX 92065 17203279 SAN XXXX 95126 17203386 CORONA 92880 17203311 MOUNTAIN HOUSE 95391 17203420 POTOMAC 20854 17203402 PARADISE VALLEY 85253 17203439 DEPOE BAY 97341 17203297 ORO VALLEY TUCSON 85737 17203282 PLEASANTON 94566 17203368 ANAHEIM 92804 17203394 MINNEAPOLIS 55410 17203400 PALO ALTO 94303 17203355 SAN XXXX 95124 17203404 VIENNA 22180 17203426 XXXXX 84093 17203298 TUSTIN 92782 17203304 SANTA FE 87506 17203434 FOUNTAIN VALLEY 92708 17171962 CASTLE ROCK 80108 17171963 IRVINE 92618 17171966 HUNTINGTON BEACH 92648 17171967 HINGHAM 02043 17171968 EAST LANSING 48823 17171969 BIRMINGHAM 35216 17171970 KELLER 76262 17171971 SONOMA 95476 17171973 BLOOMFIELD HILLS 48304 17171974 PALO ALTO 94303 17171978 EAST MEADOW 11554 17171982 XXXXX XXXXX 92886 17171985 MOUNTAIN VIEW 94043 17171986 STAMFORD 06902 17171988 SAN XXXX 95123 17171989 SCOTTS VALLEY 95066 17171991 EL DORADO HILLS 95762 17171993 SAN XXXX 95135 17171996 MIDDLETON 21769 00000000 BURBANK 91501 17171950 CORONA 92880 17171955 SANTA XXX 92705 17171916 UNION CITY 94587 17171917 POUND RIDGE 10576 17171918 DANVILLE 94506 17171919 ANDOVER 01810 17171920 SCOTTSDALE 85259 17171921 SAN XXXX 95133 17171923 CHICAGO 60657 17171925 PARADISE VALLEY 85253 17171927 SCOTTSDALE 85260 17171933 PENSACOLA 32504 17171935 CHICAGO 60622 17171937 GENEVA 60134 17171939 ROLLING HILLS ESTATES 90274 17171945 MONROE 06468 17171949 PHOENIX 85085 17175070 LONG BEACH 90804 17175072 MOUNTAIN VIEW 94041 17175056 COSTA MESA 92627 17175057 NIPOMO 93444 17175059 GREAT FALLS 22066 17175060 SAN MATEO 94403 17175061 XXXXXXX 20124 17175062 XXXXXXXXXX XXXXX 00000 17175063 ALAMO 94507 17175064 WATSONVILLE 95076 17175065 MANTECA 95337 17175066 LONG BEACH 90803 17175067 CHICAGO 60643 17175068 SAN XXXX 95127 17175069 LAKE FOREST 92630 17175031 PEORIA 85383 17175032 LITTLE ROCK 72223 17175034 VENICE 90291 17175035 PACIFICA 94044 17175036 NAPLES 34113 17175037 KANSAS CITY 64152 17175040 ORO VALLEY 85737 17175041 WALDORF 20603 17175042 LA VERNE 91750 17175043 SCOTTSDALE 85260 17175045 ANNAPOLIS 21401 17175046 CASTLE ROCK 80108 17175047 SALT LAKE CITY 84121 17175050 OCEANSIDE 92057 17175051 ORANGE 92867 17175052 CHINO HILLS 91709 17175053 MIAMI 33157 17175024 EAGLE 83616 17175025 VIRGINIA BEACH 23456 17175026 OAK BROOK 60523 17175027 DANVILLE 94506 17175028 WARRENTON 20187 17175029 BRISTOW 20136 17172120 SAN XXXX 95117 17172121 WILSONVILLE 97070 17172122 THOUSAND OAKS 91320 17172123 HACIENDA HEIGHTS 91745 17172124 NAPLES 34119 17172128 SALINAS 93905 17172129 XXXXXXXXX RANCH 91381 17172131 LAGUNA NIGUEL 92677 17172134 HENDERSON 89015 17172135 LOS ANGELES 90034 17172137 ALEXANDRIA 22305 00000000 MOBILE 36695 17172139 LOS ANGELES 90005 17172100 HERNDON 20171 17172101 EL DORADO HILLS 95762 17172102 OXNARD 93035 17172103 SAN XXXX 95127 17172105 TORRANCE 90503 17172106 BELMONT 94002 17172107 TUCSON 85750 17172108 PARK CITY 84098 17172109 FAIRFIELD 94534 17172110 ESCONDIDO 92025 17172111 ALTADENA 91001 17172113 SAN XXXX XXXXXXXX 95045 17172115 LA QUINTA 92253 17172116 SALINAS 93908 17172117 RIVERSIDE 92508 17172119 VIENNA 22180 17181161 WIMAUMA 33598 17172090 THOUSAND OAKS 91362 17181162 CHURCH HILL 21623 17172091 COLORADO SPRINGS 80908 17172092 WALNUT CREEK 94598 17172093 NEW CANAAN 06840 17172094 SAN XXXXX 94582 17172095 WOODBRIDGE 22191 17172097 ALDIE 20105 17172098 MONTEBELLO 90640 17172099 ALDIE 20105 17181150 XXXXXXX XXXX 00000 17181151 CUPERTINO 95014 17172080 WEST PALM BEACH 33411 17181152 UPPER MARLBORO 20772 17172081 BELLINGHAM 98226 17181153 SAN FRANCISCO 94109 17172082 PETALUMA 94952 17181154 MIRAMAR BEACH 32550 17172083 PORTLAND 97201 17172085 REDMOND 98053 17181158 HARLEYSVILLE 19438 17172087 ALDIE 20105 17181159 CHATSWORTH 91311 17172088 MIAMI BEACH 33140 17172089 REDONDO BEACH 90278 17172060 ORANGE 92869 17181132 CHULA VISTA 91915 17181133 SAN DIEGO 92037 17172062 PORTLAND 97225 17181134 XXXXX 20657 17172063 PLEASANT HILL 94523 17181135 SIMI VALLEY 93063 17181136 SAN XXXX 95121 17172066 SAN CLEMENTE 92673 17181138 GARDEN GROVE 92843 17172067 LA VERNE 91750 17172069 DADEVILLE 36853 17181140 CAMARILLO 93012 17172070 STAMFORD 06902 17172071 MONTEREY 93940 17181143 SEATTLE 98112 17172072 XXXXX XXXXX 92886 17181145 WEST HOLLYWOOD 90069 17181146 SUPERIOR 80027 17172075 GLENDALE 91208 17181147 MONROVIA 91016 17172076 CORONADO 92118 17181148 FREMONT 94538 17172077 SAN DIEGO 92127 17172079 CHICAGO 60614 17181130 WEST SACRAMENTO 95691 17181131 SIMI VALLEY 93065 17181121 HERNDON 20171 17172050 XXXX XXXXX XXXXXXX 00000 17181122 CLARKSTON 48348 17181123 COLFAX 95713 17172052 FRISCO 75034 17181124 LAKE OSWEGO 97035 17181125 PLEASANTON 94566 17172054 GLENDALE 91206 17181126 MITCHELLVILLE 20721 17172056 ANTIOCH 94509 17172059 CHULA VISTA 91910 17172047 SAN FRANCISCO 94158 17181119 CUPERTINO 95014 17172021 CARLSBAD 92009 17172024 SANTA XXXXXX 90405 17172025 NEW YORK 10012 17172026 OMAHA 68132 17172027 WILMINGTON 19803 17172028 LAHAINA 96761 17172029 WHITE BEAR LAKE 55110 17181100 SAN XXXX 95138 17181101 PUYALLUP 98371 17172030 GALVESTON 77554 17181102 LOS ANGELES 90006 17172031 UNION CITY 94587 17172032 MOUNTAIN VIEW 94040 17181104 PEORIA 85383 17181105 NORTHBROOK 60062 17172034 LONGWOOD 32779 17181106 CHULA VISTA 91915 17172035 OCEANSIDE 92057 17181107 SEATTLE 98102 17181108 LOVELAND 80538 17172037 NEW YORK 10007 17181109 DUARTE 91010 17172038 MOSES LAKE 98837 17181110 RANCHO CUCAMONGA 91739 17181111 BRONXVILLE 10708 17172040 WINCHESTER 01890 17181112 SAN XXXXXX 94903 17181113 MAHOPAC 10541 17172042 SAN DIEGO 92102 17181114 SAN DIEGO 92131 17172043 HILTON HEAD ISLAND 29926 17181115 NEW YORK 10010 17181116 SAN DIEGO 92131 17172045 COEUR D ALENE 83814 17172046 XXXXXX XXXXX XXXX 00000 17172017 SEVERN 21144 17172018 OAKTON 22124 17172019 XXXXXXXX 95008 17172000 SOUTH SAN FRANCISCO 94080 17172006 CHANDLER 85248 17172007 POTOMAC 20854 17172009 SAN XXXX XXXXXXXX 95045 17172011 MANHASSET 11030 17172013 OLD ORCHARD BEACH 04064 17172015 BEND 97702 17172016 ANNANDALE 22003 17181088 ROSEVILLE 95747 17181090 LANCASTER 93536 17181092 OVERLAND PARK 66221 17181093 CHULA VISTA 91914 17181094 TEMECULA 92592 17181095 RESTON 20190 17181096 ATWATER 95301 17181097 SAN DIEGO 92131 17181099 LAKE TAPPS 98391 17181082 TEMPLETON 93465 17181083 XXXXXXXXXX XXXXX 00000 17181084 PLAINFIELD 60585 17181085 NORTHBROOK 60062 17172140 LAS VEGAS 89139 17172141 TORRANCE 90505 17172142 CHARLESTON 29412 17175038 POWAY 92064 17175039 BRENTWOOD 94513 17175044 CORONA 92880 17175073 LAKE HAVASU CITY 86404 17181098 SAN XXXXXXX 94580 17181103 LADERA RANCH 92694 17181118 JACKSONVILLE 97530 17181128 SAN DIEGO 92127 17181129 CARLSBAD 92010 17181137 MONROVIA 91016 17181139 CAMARILLO 93010 17181144 HONOLULU 96822 17181149 CHICAGO 60614 17181155 PALO ALTO 94303 17181156 FALLBROOK 92028 17181157 SAN CLEMENTE 92673 17181160 VENTURA 93003 17171928 CATHEDRAL CITY 92234 17171929 SUNNYVALE 94086 17171930 XXXXXXX 83001 17171931 LEESBURG 20175 17171932 BOYNTON BEACH 33437 17171934 WEST UNION 29696 17171936 BOWIE 20720 17171938 HIGHLAND 92346 17171940 PEORIA 85383 17171941 FREMONT 94539 17171942 LINCOLN 95648 17171943 XXXXXX 55340 17171944 HILLSBOROUGH 94010 17171947 TUSTIN 92782 17171948 ROCKLIN 95765 17171953 GILROY 95020 17171954 LAS VEGAS 89131 17171956 TUSTIN 92782 17171958 PAWLEYS ISLAND 29585 17171959 LIVERMORE 94551 17171961 LOS ANGELES 91367 17171964 LAFAYETTE 94549 17171975 SARASOTA 34241 17171976 ANAHEIM 92804 17171977 SEDONA 86336 17171981 COTO DE CAZA 92679 17171984 RANCHO CUCAMONGA 91737 17171994 SAN XXXX 95131 17171997 ELK GROVE 95757 17172003 SIMI VALLEY 93065 17172058 FONTANA 92336 17175030 FONTANA 92336 17175033 SAN FRANCISCO 94107 17175055 ANAHEIM 92802 17181087 XXXX BURNIE 21060 17181089 RIVERTON 84065 17181091 BOISE 83709 17181127 INVER GROVE HEIGHTS 55077 17172118 SAN XXXX 95148 17181142 SALT LAKE CITY 84117 LOAN_SEQ STATE PROPTYPE 17020574 CA Single Family 17020737 CA Single Family 17020575 CA Single Family 17020498 NV PUD 17020499 CA Condominium 17020820 CA Single Family 17020821 FL PUD 17020660 GA PUD 17020822 DE PUD 17020661 CA PUD 17020823 CA Single Family 17020662 AZ PUD 17020824 CA Condominium 17020663 AZ PUD 17020825 IL Single Family 17020664 CA Single Family 17020826 VA PUD 17020665 CA Condominium 17020827 CA PUD 17020828 CA Single Family 17020667 CA Single Family 17020829 WA Single Family 17020668 CA Single Family 17020669 CA PUD 17020830 FL PUD 17020831 CA Single Family 17020670 CA PUD 17020832 CA Condominium 17020833 CA Single Family 17020671 CA Single Family 17020834 CA Single Family 17020672 CA Single Family 17020835 CA Single Family 17020673 CA Single Family 17020836 CA Single Family 17020674 CA Single Family 17020837 CA Single Family 17020675 AZ PUD 17020838 GA Single Family 17020676 NV PUD 17020839 CA Single Family 17020677 CA Single Family 17020678 CA Single Family 17020679 AZ PUD 17020840 CA PUD 17020841 CA Single Family 17020842 CA Condominium 17020680 CA 2-4 Family 17020843 CA Single Family 17020681 CA Single Family 17020844 CA Condominium 17020682 CA Single Family 17020845 CA Single Family 17020683 SC Single Family 17020846 CA Single Family 17020684 AZ PUD 17020685 CA Condominium 17020848 CA Single Family 17020686 CA Condominium 17020849 AZ Single Family 17020687 CA Single Family 17020688 CA Single Family 17020689 CA Single Family 17020850 CA Single Family 17020657 CA Single Family 17020495 WA Single Family 17020819 WA Single Family 17020658 AZ PUD 17020496 CT Single Family 17020659 CA PUD 17020497 MA Single Family 17020492 CA PUD 17020816 CA PUD 17020655 CA PUD 17020493 VA Single Family 17020817 CA Single Family 17020656 CA Single Family 17020494 TN PUD 17020812 MD PUD 17020651 CO PUD 17020813 AZ PUD 17020814 MA Single Family 17020652 CO Single Family 17020490 CA Single Family 17020491 CA PUD 17020815 CA Single Family 17020654 CA Single Family 17020500 CT 2-4 Family 17020501 NC PUD 17020502 AZ Single Family 17020503 PA Single Family 17020504 WA Single Family 17020505 NV PUD 17020506 CA PUD 17020507 AZ Single Family 17020508 CA Single Family 17020509 CA Single Family 17020510 VA PUD 17020511 CO PUD 17020512 CA PUD 17020513 CA PUD 17020514 VA PUD 17020515 AZ PUD 17020516 CA PUD 17020517 CO PUD 17020518 VA Single Family 17020519 MD Single Family 17020520 CA Condominium 17020521 CA PUD 17020522 AZ PUD 17020523 VA PUD 17020524 VA PUD 17020525 CA Single Family 17020526 CA PUD 17020527 CA Single Family 17020528 VA Single Family 17020529 VA PUD 17020530 MI Single Family 17020531 WA Single Family 17020532 CA Condominium 17020533 WA PUD 17020534 IL Condominium 17020535 MA Single Family 17020536 FL PUD 17020537 WI Single Family 17020538 TX Single Family 17020539 CA Single Family 17020700 CA Condominium 17020701 CA Single Family 17020702 CA Single Family 17020540 CA Single Family 17020703 WA PUD 17020541 CA PUD 17020704 CA Single Family 17020542 CA Single Family 17020705 CA Single Family 17020543 KS PUD 17020706 UT Single Family 17020544 CA Condominium 17020707 MN Single Family 17020545 OR Single Family 17020708 CA Condominium 17020546 CA Single Family 17020547 CA PUD 17020385 MA Single Family 17020548 AZ Single Family 17020386 CA PUD 17020549 CO Single Family 17020387 VA PUD 17020388 CA Single Family 17020389 CA PUD 17020710 MA Single Family 17020711 CA Single Family 17020550 VA Single Family 17020712 CA PUD 17020551 CA Single Family 17020713 CA PUD 17020714 CA Single Family 17020552 NJ Condominium 17020715 CA Single Family 17020553 CA PUD 17020391 CA Condominium 17020392 MD PUD 17020554 CA Single Family 17020716 CA Single Family 17020717 CA Single Family 17020555 UT Single Family 17020393 NC PUD 17020718 CA PUD 17020556 CA Single Family 17020394 IL PUD 17020395 CO PUD 17020557 VA Single Family 17020719 CO Single Family 17020558 CA Single Family 17020397 AR Single Family 17020559 CA Single Family 17020398 AZ Single Family 17020399 CA PUD 17020720 AZ Single Family 17020721 AZ PUD 17020722 CA Condominium 17020560 CA Condominium 17020723 CA Single Family 17020561 GA Single Family 17020724 CA PUD 17020562 CA PUD 17020725 VA PUD 17020563 CA Single Family 17020726 CA PUD 17020564 CA Single Family 17020727 CA Single Family 17020565 NJ Condominium 17020728 NY 2-4 Family 17020566 CA Single Family 17020729 NY Condominium 17020567 UT Condominium 17020568 CA PUD 17020569 NV PUD 17020730 CA Single Family 17020731 CA Condominium 17020732 CT Condominium 17020570 CA 2-4 Family 17020733 CA Single Family 17020571 CA Single Family 17020734 FL PUD 17020572 VA PUD 17020735 FL Single Family 17020573 CO PUD 17020736 CA Condominium 17020487 CA PUD 17020488 CA Single Family 17020489 CA Single Family 17020810 CA Single Family 17020811 CA Single Family 17020650 CA Condominium 17020791 TX Single Family 17020792 CA Single Family 17020793 CA Single Family 17020794 CT Single Family 17020795 DC Condominium 17020796 CA PUD 17020797 CA Single Family 17020798 CA PUD 17020799 CA Single Family 17020790 CA PUD 17020646 CA PUD 17020484 VA PUD 17020808 CA Condominium 17020647 NJ Single Family 17020485 VA Single Family 17020809 CA Single Family 17020648 CA PUD 17020486 CA Single Family 17020649 CA Condominium 17020781 CA Single Family 17020782 CA 2-4 Family 17020783 CA Single Family 17020784 CA Single Family 17020785 VA PUD 17020786 CA Single Family 17020787 RI Single Family 17020788 CA Single Family 17020789 CA Single Family 17020612 CA PUD 17020450 CA Condominium 17020613 CA Single Family 17020451 CO Single Family 17020614 CA Condominium 17020452 CA Single Family 17020615 CA Single Family 17020453 MD PUD 17020616 CA Single Family 17020454 GA PUD 17020617 CA PUD 17020455 NJ Single Family 17020456 MA Single Family 17020618 CA PUD 17020619 CA Single Family 17020457 MA Single Family 17020458 IL Condominium 17020459 CA PUD 17020620 MD PUD 17020621 VA Condominium 17020622 MD PUD 17020460 CA PUD 17020623 WA PUD 17020461 MD PUD 17020624 AZ PUD 17020462 AZ PUD 17020625 CA PUD 17020463 CA Condominium 17020626 CA Single Family 17020464 VA PUD 17020627 FL PUD 17020465 MA Single Family 17020628 CA Single Family 17020466 WY PUD 17020629 CA Single Family 17020467 IL PUD 17020468 VA PUD 17020469 MD Single Family 17020630 CA PUD 17020631 CA PUD 17020632 CA PUD 17020470 CA Condominium 17020633 AZ PUD 17020471 NE PUD 17020634 CA PUD 17020472 NJ Single Family 17020635 CA Single Family 17020473 CA Single Family 17020636 WA Single Family 17020474 VA Single Family 17020637 CA Condominium 17020475 WA Single Family 17020638 MD PUD 17020476 CT Single Family 17020477 CA Single Family 17020478 CA Single Family 17020479 CO Single Family 17020800 CA Single Family 17020801 CA Single Family 17020640 CO Single Family 17020802 VA PUD 17020641 AZ PUD 17020803 CA Single Family 17020642 CA Single Family 17020480 NC PUD 17020804 CA Single Family 17020643 ID PUD 17020481 VA PUD 17020805 PA Single Family 17020644 CA Condominium 17020482 CA Single Family 17020806 CA Single Family 17020645 CA Condominium 17020483 NC Condominium 17020807 CA Single Family 17020436 CA Condominium 17020437 CA Single Family 17020438 CA PUD 17020439 NV PUD 17020600 CA PUD 17020601 CA Single Family 17020602 CA Single Family 17020440 CA Single Family 17020603 VA Single Family 17020441 IL Single Family 17020604 CA PUD 17020442 FL PUD 17020605 VA Condominium 17020606 CA PUD 17020444 VA PUD 17020607 AZ Single Family 17020445 CA Condominium 17020608 CA Single Family 17020446 CA Condominium 17020609 CA Single Family 17020447 MD PUD 17020448 CA Single Family 17020449 MD Single Family 17020610 CA Single Family 17020611 CA Single Family 17020771 CA Single Family 17020772 CA Single Family 17020773 CA Single Family 17020774 IL Single Family 17020775 AZ Single Family 17020777 CA PUD 17020778 CA Single Family 17020779 CA Single Family 17020780 CA Condominium 17020400 IL Single Family 17020401 CA PUD 17020402 CA Single Family 17020403 CA Condominium 17020404 CA PUD 17020405 WA Single Family 17020406 CA Condominium 17020407 NJ Single Family 17020408 CA PUD 17020409 AL PUD 17020410 CA PUD 17020411 CA Condominium 17020412 VA Single Family 17020413 CA Condominium 17020415 CA PUD 17020416 CA Condominium 17020417 VA PUD 17020418 NY Single Family 17020419 NY Condominium 17020420 CA PUD 17020421 TX PUD 17020422 MD Single Family 17020423 VA PUD 17020424 VA PUD 17020425 NE PUD 17020427 MD PUD 17020428 NV PUD 17020429 WA PUD 17020430 CA Single Family 17020431 CO PUD 17020432 NV PUD 17020433 CO Single Family 17020434 MA Single Family 17020761 AZ PUD 17020762 CA Single Family 17020763 TN Single Family 17020764 CA Condominium 17020765 CT Single Family 17020766 MA Condominium 17020767 MA 2-4 Family 17020768 MA Single Family 17020769 MA Single Family 17020770 MD PUD 17020851 CA Single Family 17020852 CA 2-4 Family 17020690 CA PUD 17020853 CA PUD 17020691 AZ PUD 17020854 CA Single Family 17020692 CA Single Family 17020855 CA PUD 17020693 VA PUD 17020856 CA Single Family 17020694 VA Single Family 17020857 VA Single Family 17020695 VA PUD 17020858 FL Condominium 17020696 CA Single Family 17020859 CO PUD 17020697 CA Single Family 17020698 CA Single Family 17020699 CA Single Family 17020860 TX Single Family 17020861 CA Single Family 17020862 AZ Single Family 17020740 RI Single Family 17020741 CA Single Family 17020742 CA Single Family 17020580 CA Single Family 17020743 NJ Single Family 17020581 CA Single Family 17020744 UT Single Family 17020582 NJ Single Family 17020745 CA PUD 17020583 MD PUD 17020746 SC Single Family 17020584 CA Condominium 17020747 CA PUD 17020585 VA PUD 17020748 CA Single Family 17020586 NV PUD 17020749 CA Single Family 17020587 CA Single Family 17020588 CA Single Family 17020589 CA Single Family 17020750 NY Single Family 17020751 CA 2-4 Family 17020590 MD PUD 17020752 NY Single Family 17020591 CA Single Family 17020753 CA Condominium 17020592 CA PUD 17020754 CA Single Family 17020593 MD Single Family 17020755 FL PUD 17020594 WA Single Family 17020756 CA Single Family 17020595 IL Condominium 17020757 CA Single Family 17020596 CA Condominium 17020758 AZ PUD 17020597 NC Single Family 17020759 FL Condominium 17020598 CA Single Family 17020599 MA Single Family 17020760 AZ PUD 17020738 CA PUD 17020576 CA Single Family 17020739 MA Condominium 17020577 IL PUD 17020578 MD Condominium 17020390 VA PUD 17149253 MA Condominium 17129133 NY CO-OP 17120372 CA Single Family 17120377 CA Single Family 17120399 CA Single Family 17129138 CA PUD 17120386 CA Condominium 17120389 CA Condominium 17120412 MD Single Family 17120421 WA PUD 17120390 CA Single Family 17120391 CA PUD 17120392 CA PUD 17120393 CA Single Family 17120394 CA Condominium 17120395 CA Single Family 17120397 CA Single Family 17120398 CA Single Family 17120385 CA Single Family 17120387 IL Condominium 17120388 WA PUD 17120384 CA PUD 17120330 AL Single Family 17120331 CO Single Family 17120332 NY Single Family 17120333 CA PUD 17120334 CT Single Family 17120335 CA Single Family 17120336 VA PUD 17120337 CA Single Family 17120338 CA PUD 17120339 CA PUD 17120341 CA PUD 17120342 AZ PUD 17120343 CT Single Family 17120344 FL Single Family 17120346 WA PUD 17120347 WA Single Family 17120348 CA Single Family 17120349 NJ Condominium 17120350 NY Single Family 17120351 CA Single Family 17120353 GA Single Family 17120354 WA Single Family 17120355 CA Condominium 17120356 CA Single Family 17120357 CA Single Family 17120358 WA PUD 17120359 WA Single Family 17120360 CA Single Family 17120361 CA Single Family 17120362 WA Single Family 17120363 CA Single Family 17120364 CA Single Family 17120365 CA Single Family 17120366 CA Single Family 17120367 FL Single Family 17120370 VA Single Family 17120371 CA Single Family 17120373 CA Condominium 17120374 MD PUD 17120375 CA Single Family 17120376 CA Single Family 17120378 CA Condominium 17120379 WA Single Family 17120380 CA Single Family 17120381 CA Single Family 17120382 VA PUD 17120383 CA PUD 17120327 MA Single Family 17120328 IL Single Family 17149240 CA Condominium 17149241 CA Single Family 17149242 CA Condominium 17149243 CA Single Family 17149244 IL Single Family 17149245 CA PUD 17149246 CA Single Family 17149247 CA Single Family 17149248 CA Single Family 17149249 CA Single Family 17149250 CA PUD 17149251 CA Single Family 17149252 WA Single Family 17149100 MD Condominium 17149101 CA Single Family 17149102 NH Single Family 17129130 CO Single Family 17129131 CA Single Family 17129132 TX Single Family 17129134 MA Condominium 17129135 IL Single Family 17129136 FL Single Family 17129137 CA Single Family 17129139 CA Single Family 17129140 CO Condominium 17129141 CA Condominium 17129142 CA Single Family 17129144 VA PUD 17129145 CA PUD 17129127 NY Single Family 17129128 VA PUD 17129129 TN PUD 17120410 CA Single Family 17120411 CA Single Family 17120413 MA Single Family 17120414 MA Single Family 17120415 ID PUD 17120416 CA Single Family 17120417 CA Condominium 17120418 ID Single Family 17120419 CA PUD 17120420 CA Single Family 17120422 WA Single Family 17120423 CA Condominium 17120424 MA Single Family 17120425 CA Single Family 17120426 TN PUD 17149077 MN Single Family 17149078 GA Single Family 17149079 IL Single Family 17149080 CA Condominium 17149081 CA Single Family 17149082 VA Single Family 17149083 UT PUD 17149084 NJ Single Family 17149086 CA Condominium 17149087 WA Single Family 17149088 CA Single Family 17149089 NJ Single Family 17149090 CA PUD 17149091 CA Single Family 17120401 CA Single Family 17120402 IL Single Family 17120403 TX PUD 17120404 CA Single Family 17120405 CA Single Family 17120406 WA PUD 17120407 WA PUD 17120408 CA Condominium 17120409 CA PUD 17149092 MI Single Family 17149093 WA PUD 17149094 CA Single Family 17149095 CA Single Family 17149096 VA PUD 17149097 CA Single Family 17149098 CA PUD 17149099 CA Single Family 17120498 CA Single Family 17120455 CA Condominium 17120477 CA Single Family 17120490 CA 2-4 Family 17120532 CA Single Family 17120544 CA PUD 17120540 CA Condominium 17120541 CA PUD 17120542 CA Single Family 17120543 CA Single Family 17120545 NV PUD 17120546 CA Single Family 17120547 CA Single Family 17120548 CA Single Family 17120549 CA Single Family 17120550 CA PUD 17120551 VA Single Family 17120552 CA PUD 17120553 CA PUD 17120554 CA Single Family 17120555 MT Single Family 17120556 WA Single Family 17120557 CA Single Family 17120558 CA Single Family 17120559 CA Single Family 17120560 CA Condominium 17120561 CA Condominium 17120562 CA Single Family 17120563 CA Single Family 17120564 CA Condominium 17120565 WA Single Family 17120566 CA PUD 17120567 CA Single Family 17120568 CA Condominium 17120569 CA Single Family 17120570 WA PUD 17120571 MD Single Family 17120572 CA Single Family 17120573 NV PUD 17120574 NV PUD 17120575 FL PUD 17120576 TN PUD 17120526 CA Single Family 17120527 CA Single Family 17120528 FL Single Family 17120529 CT Single Family 17120530 CA Single Family 17120531 CA Single Family 17120533 CA Single Family 17120534 CA Single Family 17120535 CA Single Family 17120536 CA PUD 17120537 VA Single Family 17120538 CA Condominium 17120539 CA Condominium 17120510 CA Single Family 17120511 CA PUD 17120512 FL Single Family 17120513 FL PUD 17120514 MA Single Family 17120515 MA Single Family 17120516 CA Condominium 17120517 CA Single Family 17120518 CA Single Family 17120519 CA PUD 17120520 MA Single Family 17120521 TX PUD 17120522 PA PUD 17120523 CA Condominium 17120524 NJ Single Family 17120525 UT Condominium 17120500 CA Condominium 17120501 VA PUD 17120502 TN Single Family 17120503 CA Single Family 17120504 CA Single Family 17120505 PA Single Family 17120506 CA PUD 17120507 CA Single Family 17120508 FL PUD 17120509 CA Single Family 17149110 FL Single Family 17149111 CA 2-4 Family 17149112 CA Single Family 17149113 MD Single Family 17149103 CO Condominium 17149105 VA PUD 17149106 CA Single Family 17149107 CA Single Family 17149108 CA Single Family 17149109 OR PUD 17120450 CA Single Family 17120451 FL PUD 17120452 CO PUD 17120453 NJ Single Family 17120454 CA Condominium 17120456 WI Single Family 17120457 NC PUD 17120458 CA Single Family 17120459 CA Single Family 17120460 CA Single Family 17120461 CA Single Family 17120462 CA Condominium 17120463 CA PUD 17120464 CA Condominium 17120465 CA PUD 17120466 AZ PUD 17120467 CA PUD 17120468 FL Single Family 17120469 FL PUD 17120470 CA Single Family 17120471 NV Single Family 17120472 CO Single Family 17120473 CA Single Family 17120474 NY 2-4 Family 17120476 DC 2-4 Family 17120478 CA PUD 17120479 CA Single Family 17120480 CA Single Family 17120481 CA PUD 17120482 CA PUD 17120483 CA Single Family 17120484 CA Single Family 17120485 CA Single Family 17120486 CA Single Family 17120487 CA Condominium 17120488 WA Single Family 17120489 CA Single Family 17120491 CA 2-4 Family 17120492 VA PUD 17120493 OR Single Family 17120494 CA Condominium 17120495 CA PUD 17120496 CA Single Family 17120499 NV PUD 17120429 AL Single Family 17120430 CA Condominium 17120431 NC PUD 17120432 CA Single Family 17120433 CA Single Family 17120434 CA Condominium 17120436 CA Single Family 17120437 TN Single Family 17120438 CA PUD 17120440 WA Single Family 17120441 CA Condominium 17120442 FL PUD 17120443 AZ PUD 17120444 CA Single Family 17120445 CA Single Family 17120446 NE Single Family 17120447 WA Condominium 17120448 CA Single Family 17120449 CA Single Family 17181086 NJ Single Family 17171924 FL Single Family 17172078 NC PUD 17175048 CA Single Family 17175049 NJ Single Family 17171987 NM Condominium 17172020 CA Single Family 17203440 CA Single Family 17172004 CA PUD 17172023 NJ Single Family 17172005 NJ PUD 17203443 NM PUD 17203445 CA PUD 17203409 CA PUD 17172044 GA Single Family 17203427 CA Single Family 17172008 NJ Condominium 17181117 CA Single Family 17172064 CA Single Family 17203267 NC PUD 17175071 KY Single Family 17172065 CA Condominium 17175054 CA Single Family 17172048 GA Single Family 17172049 GA PUD 17171951 NC PUD 17171995 KY Single Family 17203410 CA Single Family 17181120 NJ Single Family 17172112 NJ Condominium 17172014 CA Single Family 17203451 MA Single Family 17172051 NC PUD 17203255 NJ Single Family 17172053 NJ Single Family 17203437 GA PUD 17172036 CA PUD 17172136 FL PUD 17172073 CA Single Family 17172055 NV PUD 17203294 FL PUD 17203278 MA Single Family 17203359 MA Single Family 17172039 GA PUD 17203396 GA PUD 17203423 FL Single Family 17203388 CA PUD 17203364 HI Single Family 17203354 CA Single Family 17203317 CA Single Family 17171965 OR Single Family 17203331 IL Single Family 17172132 CA PUD 17172133 VA Single Family 17172127 IL Single Family 17172130 MD Single Family 17172104 CA Single Family 17172114 CA Single Family 17172125 CO PUD 17172126 CA PUD 17171998 CA Condominium 17172001 WA Condominium 17172002 CA Single Family 17172010 CA Condominium 17172022 AZ PUD 17172033 CA PUD 17172041 CA Single Family 17172057 VA PUD 17172061 CA Single Family 17172068 UT Single Family 17172074 CA Single Family 17172084 CA Single Family 17172086 CA Condominium 17171926 AZ Single Family 17171946 CA Single Family 17171952 CA Condominium 17171957 CA Single Family 17171960 SC PUD 17171979 CA Single Family 17171980 CA PUD 17171983 CA Single Family 17171990 CA Single Family 17171992 CA Single Family 17171922 CA Single Family 17203303 CA Single Family 17203452 MA Single Family 17203340 IL Single Family 17203351 CA Single Family 17203283 NV PUD 17203252 WA PUD 17203412 CA Single Family 17203321 CA Single Family 17203385 CA Condominium 17203392 NY Single Family 17203401 FL Condominium 17203435 CA PUD 17203383 CA PUD 17203323 WI Single Family 17203449 NY Single Family 17203328 CA Single Family 17203339 MD PUD 17203315 CA Single Family 17203257 VA Single Family 17203295 CA Condominium 17203290 CA Single Family 17203299 AZ PUD 17203424 CA Condominium 17203379 MD PUD 17203256 NV PUD 17203422 CA Single Family 17203253 WA Single Family 17203312 CA Single Family 17203293 CA PUD 17203418 IL Single Family 17203314 CA Condominium 17203448 VA PUD 17203384 CA PUD 17203281 AL Single Family 17203348 NY Single Family 17203390 CA Single Family 17203310 CA Single Family 17203363 IL Single Family 17203425 MD PUD 17203373 NY Single Family 17203266 VA Single Family 17203358 CA Single Family 17203429 FL PUD 17203371 CA Single Family 17203337 FL Single Family 17203421 CA Single Family 17203430 CA Single Family 17203247 WA Single Family 17203320 CA Single Family 17203405 CA Single Family 17203270 FL PUD 17203362 NY Single Family 17203361 FL Single Family 17203272 FL PUD 17203350 CA Single Family 17203403 CA Single Family 17203301 CA PUD 17203349 CA Single Family 17203338 CA Condominium 17203345 CA Single Family 17203307 CA Single Family 17203357 CA Single Family 17203442 CA Single Family 17203277 CA Single Family 17203280 AZ PUD 17203344 LA Single Family 17203381 DC Condominium 17203436 IL Single Family 17203333 HI Condominium 17203316 IL Single Family 17203305 CA Condominium 17203292 AZ PUD 17203419 CA Single Family 17203433 DE Condominium 17203438 CA Single Family 17203284 CA Single Family 17203275 CA PUD 17203411 CA Single Family 17203324 SC PUD 17203408 CA Condominium 17203300 WA PUD 17203273 FL Condominium 17203446 CT Single Family 17203415 CA PUD 17203389 CA Single Family 17203398 FL Single Family 17203274 AZ Single Family 17203318 CA Single Family 17203391 WA Single Family 17203399 CA Single Family 17203450 IL Single Family 17203447 FL Single Family 17203453 VA PUD 17203428 CO PUD 17203313 CA PUD 17203431 AZ PUD 17203417 CA Single Family 17203343 CA Single Family 17203360 CA PUD 17203416 WA PUD 17203406 CA Single Family 17203367 CA Single Family 17203380 CA PUD 17203286 IL PUD 17203330 NY 2-4 Family 17203249 VA PUD 17203342 MO Single Family 17203346 NY Single Family 17203264 CO Single Family 17203322 CA Condominium 17203397 CA Single Family 17203407 CA Single Family 17203336 CA Single Family 17203374 CA PUD 17203329 MI Single Family 17203327 CA Single Family 17203369 CA Single Family 17203335 CA Condominium 17203291 CA Single Family 17203289 CA PUD 17203372 CA Condominium 17203296 AZ Single Family 17203254 CA Single Family 17203444 SC PUD 17203365 VA Single Family 17203259 CO PUD 17203366 DC Single Family 17203353 CA PUD 17203285 IL PUD 17203352 NY Single Family 17203306 IL Single Family 17203414 CA PUD 17203393 CA Single Family 17203382 CA PUD 17203302 MD PUD 17203356 CA Single Family 17203387 CA PUD 17203377 VA Single Family 17203308 CA Single Family 17203276 CO PUD 17203288 CA PUD 17203378 CA Single Family 17203376 CA PUD 17203370 CA Condominium 17203248 CO Single Family 17203341 CA Single Family 17203334 FL PUD 17203395 SC PUD 17203332 CA PUD 17203309 CA PUD 17203375 CA Single Family 17203279 CA Condominium 17203386 CA Single Family 17203311 CA Single Family 17203420 MD PUD 17203402 AZ Single Family 17203439 OR PUD 17203297 AZ Single Family 17203282 CA Single Family 17203368 CA Single Family 17203394 MN Single Family 17203400 CA Single Family 17203355 CA Single Family 17203404 VA PUD 17203426 UT Single Family 17203298 CA Condominium 17203304 NM Single Family 17203434 CA Single Family 17171962 CO PUD 17171963 CA Condominium 17171966 CA Condominium 17171967 MA Single Family 17171968 MI Single Family 17171969 AL Single Family 17171970 TX Single Family 17171971 CA Single Family 17171973 MI Single Family 17171974 CA PUD 17171978 NY Single Family 17171982 CA Single Family 17171985 CA Condominium 17171986 CT Single Family 17171988 CA Single Family 17171989 CA Single Family 17171991 CA Single Family 17171993 CA PUD 17171996 MD PUD 17171999 CA Condominium 17171950 CA Single Family 17171955 CA Single Family 17171916 CA Condominium 17171917 NY Single Family 17171918 CA PUD 17171919 MA Single Family 17171920 AZ PUD 17171921 CA Condominium 17171923 IL Single Family 17171925 AZ Single Family 17171927 AZ PUD 17171933 FL PUD 17171935 IL Single Family 17171937 IL Single Family 17171939 CA Single Family 17171945 CT Single Family 17171949 AZ PUD 17175070 CA Single Family 17175072 CA PUD 17175056 CA PUD 17175057 CA PUD 17175059 VA PUD 17175060 CA Single Family 17175061 VA Single Family 17175062 CA Single Family 17175063 CA Single Family 17175064 CA 2-4 Family 17175065 CA Single Family 17175066 CA Condominium 17175067 IL Single Family 17175068 CA Single Family 17175069 CA Single Family 17175031 AZ Single Family 17175032 AR PUD 17175034 CA Single Family 17175035 CA Single Family 17175036 FL PUD 17175037 MO Single Family 17175040 AZ PUD 17175041 MD PUD 17175042 CA Single Family 17175043 AZ Single Family 17175045 MD Single Family 17175046 CO PUD 17175047 UT PUD 17175050 CA PUD 17175051 CA Condominium 17175052 CA Single Family 17175053 FL PUD 17175024 ID Single Family 17175025 VA Single Family 17175026 IL PUD 17175027 CA PUD 17175028 VA PUD 17175029 VA PUD 17172120 CA Single Family 17172121 OR Single Family 17172122 CA Condominium 17172123 CA Single Family 17172124 FL Single Family 17172128 CA Single Family 17172129 CA PUD 17172131 CA PUD 17172134 NV Single Family 17172135 CA Single Family 17172137 VA Single Family 17172138 AL Single Family 17172139 CA Condominium 17172100 VA PUD 17172101 CA PUD 17172102 CA Condominium 17172103 CA Single Family 17172105 CA 2-4 Family 17172106 CA Single Family 17172107 AZ PUD 17172108 UT Single Family 17172109 CA Single Family 17172110 CA Single Family 17172111 CA Single Family 17172113 CA PUD 17172115 CA PUD 17172116 CA Single Family 17172117 CA PUD 17172119 VA Single Family 17181161 FL PUD 17172090 CA Single Family 17181162 MD Single Family 17172091 CO PUD 17172092 CA Single Family 17172093 CT Single Family 17172094 CA PUD 17172095 VA Single Family 17172097 VA PUD 17172098 CA Single Family 17172099 VA PUD 17181150 CA Single Family 17181151 CA Single Family 17172080 FL PUD 17181152 MD PUD 17172081 WA Single Family 17181153 CA Condominium 17172082 CA Single Family 17181154 FL PUD 17172083 OR Condominium 17172085 WA PUD 17181158 PA Single Family 17172087 VA PUD 17181159 CA Single Family 17172088 FL Single Family 17172089 CA Condominium 17172060 CA PUD 17181132 CA PUD 17181133 CA Single Family 17172062 OR PUD 17181134 MD Single Family 17172063 CA Single Family 17181135 CA Single Family 17181136 CA Single Family 17172066 CA PUD 17181138 CA Single Family 17172067 CA PUD 17172069 AL PUD 17181140 CA PUD 17172070 CT Single Family 17172071 CA Single Family 17181143 WA Single Family 17172072 CA Condominium 17181145 CA Condominium 17181146 CO Single Family 17172075 CA Single Family 17181147 CA PUD 17172076 CA Single Family 17181148 CA Single Family 17172077 CA PUD 17172079 IL Condominium 17181130 CA Single Family 17181131 CA PUD 17181121 VA PUD 17172050 FL PUD 17181122 MI Single Family 17181123 CA Single Family 17172052 TX PUD 17181124 OR Single Family 17181125 CA Single Family 17172054 CA Single Family 17181126 MD PUD 17172056 CA Single Family 17172059 CA Single Family 17172047 CA Condominium 17181119 CA Condominium 17172021 CA PUD 17172024 CA Single Family 17172025 NY Condominium 17172026 NE Single Family 17172027 DE Single Family 17172028 HI Single Family 17172029 MN Single Family 17181100 CA Single Family 17181101 WA Single Family 17172030 TX Condominium 17181102 CA Single Family 17172031 CA Single Family 17172032 CA Single Family 17181104 AZ Single Family 17181105 IL PUD 17172034 FL PUD 17181106 CA PUD 17172035 CA PUD 17181107 WA Condominium 17181108 CO PUD 17172037 NY Condominium 17181109 CA Single Family 17172038 WA Single Family 17181110 CA PUD 17181111 NY Single Family 17172040 MA Single Family 17181112 CA Single Family 17181113 NY Single Family 17172042 CA Single Family 17181114 CA PUD 17172043 SC Single Family 17181115 NY CO-OP 17181116 CA PUD 17172045 ID Single Family 17172046 CA Condominium 17172017 MD PUD 17172018 VA Single Family 17172019 CA Single Family 17172000 CA 2-4 Family 17172006 AZ PUD 17172007 MD PUD 17172009 CA Single Family 17172011 NY Single Family 17172013 ME Condominium 17172015 OR PUD 17172016 VA Single Family 17181088 CA PUD 17181090 CA Single Family 17181092 KS PUD 17181093 CA PUD 17181094 CA PUD 17181095 VA PUD 17181096 CA Single Family 17181097 CA PUD 17181099 WA PUD 17181082 CA Single Family 17181083 CA Single Family 17181084 IL PUD 17181085 IL Condominium 17172140 NV Single Family 17172141 CA Condominium 17172142 SC Condominium 17175038 CA Single Family 17175039 CA Single Family 17175044 CA Single Family 17175073 AZ Single Family 17181098 CA Single Family 17181103 CA Condominium 17181118 OR Single Family 17181128 CA Condominium 17181129 CA PUD 17181137 CA Single Family 17181139 CA Condominium 17181144 HI Single Family 17181149 IL Single Family 17181155 CA Single Family 17181156 CA Single Family 17181157 CA Single Family 17181160 CA Condominium 17171928 CA PUD 17171929 CA PUD 17171930 WY Single Family 17171931 VA PUD 17171932 FL PUD 17171934 SC PUD 17171936 MD PUD 17171938 CA PUD 17171940 AZ PUD 17171941 CA Single Family 17171942 CA PUD 17171943 MN PUD 17171944 CA Single Family 17171947 CA PUD 17171948 CA PUD 17171953 CA PUD 17171954 NV PUD 17171956 CA Condominium 17171958 SC PUD 17171959 CA PUD 17171961 CA Single Family 17171964 CA Single Family 17171975 FL PUD 17171976 CA Single Family 17171977 AZ Single Family 17171981 CA Condominium 17171984 CA Single Family 17171994 CA Single Family 17171997 CA Single Family 17172003 CA PUD 17172058 CA Single Family 17175030 CA PUD 17175033 CA Condominium 17175055 CA Single Family 17181087 MD Single Family 17181089 UT Single Family 17181091 ID PUD 17181127 MN Single Family 17172118 CA Single Family 17181142 UT Single Family LOAN_SEQ CURRENT_GROSS_COUPON SERV_FEE 17020574 6.3750 0.1750 17020737 5.3750 0.1750 17020575 5.7500 0.1750 17020498 6.2500 0.1750 17020499 5.7500 0.1750 17020820 5.6250 0.1750 17020821 5.8750 0.1750 17020660 6.6250 0.1750 17020822 5.7500 0.1750 17020661 5.7500 0.1750 17020823 6.0000 0.1750 17020662 6.1250 0.1750 17020824 5.8750 0.1750 17020663 6.2500 0.1750 17020825 5.7500 0.1750 17020664 6.3750 0.1750 17020826 5.8750 0.1750 17020665 5.7500 0.1750 17020827 6.0000 0.1750 17020828 5.8750 0.1750 17020667 6.0000 0.1750 17020829 5.3750 0.1750 17020668 6.3750 0.1750 17020669 5.8750 0.1750 17020830 5.7500 0.1750 17020831 5.8750 0.1750 17020670 5.8750 0.1750 17020832 6.2500 0.1750 17020833 5.8750 0.1750 17020671 6.0000 0.1750 17020834 5.8750 0.1750 17020672 6.3750 0.1750 17020835 6.2500 0.1750 17020673 5.2500 0.1750 17020836 6.0000 0.1750 17020674 5.8750 0.1750 17020837 6.1250 0.1750 17020675 5.8750 0.1750 17020838 5.5000 0.1750 17020676 6.0000 0.1750 17020839 5.3750 0.1750 17020677 6.6250 0.1750 17020678 6.6250 0.1750 17020679 6.3750 0.1750 17020840 5.8750 0.1750 17020841 5.8750 0.1750 17020842 5.7500 0.1750 17020680 6.8750 0.1750 17020843 5.8750 0.1750 17020681 6.2500 0.1750 17020844 6.0000 0.1750 17020682 6.0000 0.1750 17020845 6.0000 0.1750 17020683 5.6250 0.1750 17020846 5.3750 0.1750 17020684 5.8750 0.1750 17020685 5.8750 0.1750 17020848 6.3750 0.1750 17020686 6.2500 0.1750 17020849 6.2500 0.1750 17020687 6.2500 0.1750 17020688 6.5000 0.1750 17020689 6.0000 0.1750 17020850 5.8750 0.1750 17020657 5.8750 0.1750 17020495 6.0000 0.1750 17020819 6.1250 0.1750 17020658 6.3750 0.1750 17020496 6.0000 0.1750 17020659 6.0000 0.1750 17020497 6.0000 0.1750 17020492 5.7500 0.1750 17020816 5.8750 0.1750 17020655 6.1250 0.1750 17020493 6.2500 0.1750 17020817 5.2500 0.1750 17020656 6.2500 0.1750 17020494 6.1250 0.1750 17020812 6.3750 0.1750 17020651 6.5000 0.1750 17020813 6.1250 0.1750 17020814 5.8750 0.1750 17020652 6.2500 0.1750 17020490 5.5000 0.1750 17020491 5.6250 0.1750 17020815 5.7500 0.1750 17020654 6.3750 0.1750 17020500 6.1250 0.1750 17020501 6.6250 0.1750 17020502 5.7500 0.1750 17020503 5.5000 0.1750 17020504 6.1250 0.1750 17020505 6.2500 0.1750 17020506 5.8750 0.1750 17020507 6.1250 0.1750 17020508 5.8750 0.1750 17020509 6.2500 0.1750 17020510 5.6250 0.1750 17020511 6.1250 0.1750 17020512 6.1250 0.1750 17020513 5.7500 0.1750 17020514 5.0000 0.1750 17020515 6.2500 0.1750 17020516 6.0000 0.1750 17020517 6.1250 0.1750 17020518 6.0000 0.1750 17020519 5.3750 0.1750 17020520 5.7500 0.1750 17020521 5.8750 0.1750 17020522 5.8750 0.1750 17020523 6.1250 0.1750 17020524 6.2500 0.1750 17020525 6.2500 0.1750 17020526 5.6250 0.1750 17020527 5.7500 0.1750 17020528 5.0000 0.1750 17020529 5.3750 0.1750 17020530 6.2500 0.1750 17020531 5.8750 0.1750 17020532 5.7500 0.1750 17020533 5.8750 0.1750 17020534 6.2500 0.1750 17020535 5.7500 0.1750 17020536 6.2500 0.1750 17020537 5.8750 0.1750 17020538 5.2500 0.1750 17020539 6.1250 0.1750 17020700 5.8750 0.1750 17020701 5.2500 0.1750 17020702 6.1250 0.1750 17020540 5.8750 0.1750 17020703 6.3750 0.1750 17020541 5.8750 0.1750 17020704 6.5000 0.1750 17020542 5.7500 0.1750 17020705 5.8750 0.1750 17020543 6.3750 0.1750 17020706 5.8750 0.1750 17020544 5.8750 0.1750 17020707 6.6250 0.1750 17020545 6.0000 0.1750 17020708 6.0000 0.1750 17020546 5.8750 0.1750 17020547 5.2500 0.1750 17020385 6.1250 0.1750 17020548 5.6250 0.1750 17020386 5.2500 0.1750 17020549 6.3750 0.1750 17020387 6.0000 0.1750 17020388 5.3750 0.1750 17020389 4.7500 0.1750 17020710 6.2500 0.1750 17020711 5.7500 0.1750 17020550 5.8750 0.1750 17020712 5.5000 0.1750 17020551 5.8750 0.1750 17020713 6.0000 0.1750 17020714 5.7500 0.1750 17020552 5.1250 0.1750 17020715 5.0000 0.1750 17020553 5.6250 0.1750 17020391 5.5000 0.1750 17020392 5.8750 0.1750 17020554 5.8750 0.1750 17020716 6.5000 0.1750 17020717 5.6250 0.1750 17020555 6.1250 0.1750 17020393 5.6250 0.1750 17020718 4.8750 0.1750 17020556 6.2500 0.1750 17020394 6.5000 0.1750 17020395 6.3750 0.1750 17020557 6.2500 0.1750 17020719 6.1250 0.1750 17020558 5.7500 0.1750 17020397 6.3750 0.1750 17020559 5.7500 0.1750 17020398 5.8750 0.1750 17020399 5.8750 0.1750 17020720 6.3750 0.1750 17020721 6.0000 0.1750 17020722 5.7500 0.1750 17020560 6.3750 0.1750 17020723 6.2500 0.1750 17020561 5.7500 0.1750 17020724 5.8750 0.1750 17020562 5.2500 0.1750 17020725 6.2500 0.1750 17020563 5.7500 0.1750 17020726 5.8750 0.1750 17020564 5.8750 0.1750 17020727 5.8750 0.1750 17020565 6.2500 0.1750 17020728 6.5000 0.1750 17020566 6.3750 0.1750 17020729 5.1250 0.1750 17020567 5.8750 0.1750 17020568 5.6250 0.1750 17020569 5.6250 0.1750 17020730 6.7500 0.1750 17020731 4.7500 0.1750 17020732 6.1250 0.1750 17020570 6.3750 0.1750 17020733 6.0000 0.1750 17020571 6.2500 0.1750 17020734 6.1250 0.1750 17020572 6.6250 0.1750 17020735 6.1250 0.1750 17020573 6.0000 0.1750 17020736 6.1250 0.1750 17020487 5.8750 0.1750 17020488 5.8750 0.1750 17020489 5.7500 0.1750 17020810 6.2500 0.1750 17020811 6.2500 0.1750 17020650 5.5000 0.1750 17020791 5.7500 0.1750 17020792 6.0000 0.1750 17020793 6.0000 0.1750 17020794 5.6250 0.1750 17020795 5.2500 0.1750 17020796 6.1250 0.1750 17020797 5.7500 0.1750 17020798 6.0000 0.1750 17020799 5.7500 0.1750 17020790 6.2500 0.1750 17020646 6.1250 0.1750 17020484 6.0000 0.1750 17020808 6.0000 0.1750 17020647 5.8750 0.1750 17020485 5.8750 0.1750 17020809 5.5000 0.1750 17020648 6.0000 0.1750 17020486 5.6250 0.1750 17020649 5.8750 0.1750 17020781 6.3750 0.1750 17020782 5.7500 0.1750 17020783 6.2500 0.1750 17020784 5.7500 0.1750 17020785 5.3750 0.1750 17020786 5.8750 0.1750 17020787 5.8750 0.1750 17020788 6.1250 0.1750 17020789 5.7500 0.1750 17020612 6.2500 0.1750 17020450 5.2500 0.1750 17020613 6.5000 0.1750 17020451 5.8750 0.1750 17020614 6.1250 0.1750 17020452 5.6250 0.1750 17020615 6.1250 0.1750 17020453 6.3750 0.1750 17020616 5.7500 0.1750 17020454 5.8750 0.1750 17020617 5.1250 0.1750 17020455 6.1250 0.1750 17020456 5.8750 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360 17172047 20370401 360 17181119 20370401 360 17172021 20370401 360 17172024 20370401 360 17172025 20370401 360 17172026 20370401 360 17172027 20370401 360 17172028 20370301 360 17172029 20370401 360 17181100 20370401 360 17181101 20370401 360 17172030 20370401 360 17181102 20370401 360 17172031 20370401 360 17172032 20370401 360 17181104 20370401 360 17181105 20370401 360 17172034 20370401 360 17181106 20370401 360 17172035 20370401 360 17181107 20370401 360 17181108 20370401 360 17172037 20370401 360 17181109 20370401 360 17172038 20370401 360 17181110 20370401 360 17181111 20370401 360 17172040 20370401 360 17181112 20370401 360 17181113 20370401 360 17172042 20370401 360 17181114 20370401 360 17172043 20370401 360 17181115 20370401 360 17181116 20370401 360 17172045 20370401 360 17172046 20370401 360 17172017 20370401 360 17172018 20370401 360 17172019 20370401 360 17172000 20370301 360 17172006 20370401 360 17172007 20370401 360 17172009 20370401 360 17172011 20370401 360 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20070201 2083.33 17020771 20070301 2654.17 17020772 20070301 3620.83 17020773 20070301 3064.79 17020774 20070301 4037.50 17020775 20070301 2123.95 17020777 20070301 3261.56 17020778 20070301 2220.27 17020779 20070301 2805.00 17020780 20070301 2681.25 17020400 20070101 6376.33 17020401 20070101 6076.11 17020402 20070301 2204.78 17020403 20070201 2392.53 17020404 20070101 3178.95 17020405 20070301 2708.33 17020406 20070401 2500.00 17020407 20070301 5208.33 17020408 20070301 3750.00 17020409 20070301 2354.04 17020410 20070301 4813.74 17020411 20070201 2121.17 17020412 20070301 3333.33 17020413 20070301 2398.96 17020415 20070201 2753.93 17020416 20070201 2177.05 17020417 20070301 2345.10 17020418 20070301 10208.33 17020419 20070301 4999.50 17020420 20070301 2518.91 17020421 20070301 2903.33 17020422 20070301 3506.50 17020423 20061201 3834.00 17020424 20070101 4300.83 17020425 20070101 2486.25 17020427 20070201 3453.12 17020428 20070201 2652.54 17020429 20070101 2179.48 17020430 20070201 9244.79 17020431 20070201 3385.42 17020432 20070201 3060.00 17020433 20070101 4999.62 17020434 20070201 9685.00 17020761 20070301 2665.29 17020762 20070301 4583.33 17020763 20070301 602.52 17020764 20070301 4479.17 17020765 20070201 2532.29 17020766 20070201 2776.92 17020767 20070301 2878.65 17020768 20070301 2450.50 17020769 20070301 3000.00 17020770 20070201 2105.66 17020851 20070301 3983.33 17020852 20070301 3588.75 17020690 20070201 3385.42 17020853 20070301 2205.00 17020691 20070201 2587.50 17020854 20070301 3153.50 17020692 20070301 2750.00 17020855 20070301 3237.97 17020693 20070301 2868.66 17020856 20070301 6875.00 17020694 20070201 3472.26 17020857 20070301 3598.44 17020695 20070201 2864.58 17020858 20070301 4895.83 17020696 20070301 2395.81 17020859 20070301 2355.50 17020697 20070301 2246.09 17020698 20070301 3071.25 17020699 20070301 3125.00 17020860 20070301 5145.83 17020861 20070301 4320.00 17020862 20070301 3046.88 17020740 20070301 6499.10 17020741 20070301 3308.33 17020742 20070301 3759.04 17020580 20070201 2325.51 17020743 20070301 2500.00 17020581 20070201 2681.77 17020744 20070301 2679.17 17020582 20070301 2271.50 17020745 20070401 3157.01 17020583 20070301 2496.88 17020746 20070301 2870.83 17020584 20070201 3015.83 17020747 20070301 2269.91 17020585 20070201 2062.50 17020748 20070301 10582.03 17020586 20070301 3175.00 17020749 20070301 3665.63 17020587 20070301 3202.66 17020588 20070201 2453.33 17020589 20070301 3033.33 17020750 20070301 2909.26 17020751 20070301 4895.83 17020590 20070201 3110.78 17020752 20070201 4781.25 17020591 20070201 2002.92 17020753 20070201 2145.57 17020592 20070201 2185.00 17020754 20070301 2176.56 17020593 20070201 2654.16 17020755 20070301 2105.21 17020594 20070301 2807.29 17020756 20070301 3981.25 17020595 20070201 2949.67 17020757 20070301 5103.17 17020596 20070201 2720.61 17020758 20070301 2753.33 17020597 20070201 3417.15 17020759 20070301 2124.79 17020598 20070201 2226.56 17020599 20070301 3645.66 17020760 20070301 3387.92 17020738 20070201 3274.63 17020576 20070201 2937.50 17020739 20070301 2656.25 17020577 20070301 3034.58 17020578 20070201 2833.29 17020390 20060801 2357.36 17149253 20070501 2542.02 17129133 20070301 2487.92 17120372 20070401 2471.50 17120377 20070401 2481.17 17120399 20070401 2563.75 17129138 20070401 4900.00 17120386 20070401 2137.46 17120389 20070401 5634.40 17120412 20070401 2604.48 17120421 20070401 3202.34 17120390 20070401 3052.29 17120391 20070401 2960.00 17120392 20070401 2480.00 17120393 20070401 3611.26 17120394 20070401 2198.53 17120395 20070401 2175.00 17120397 20070401 2770.73 17120398 20070401 2317.71 17120385 20070401 1872.50 17120387 20070401 3286.32 17120388 20070401 2644.96 17120384 20070401 2836.13 17120330 20070301 3066.67 17120331 20070401 6805.24 17120332 20070301 4950.00 17120333 20070301 3272.50 17120334 20070401 5385.42 17120335 20070301 2875.00 17120336 20070301 3801.56 17120337 20070401 5875.00 17120338 20070301 2056.25 17120339 20070401 4983.33 17120341 20070401 4715.00 17120342 20070301 2330.42 17120343 20070401 4287.50 17120344 20070301 3845.00 17120346 20070301 4895.83 17120347 20070301 3769.79 17120348 20070401 2130.62 17120349 20070401 2777.81 17120350 20070401 3554.39 17120351 20070301 2640.00 17120353 20070401 3078.59 17120354 20070401 2232.50 17120355 20070401 3126.05 17120356 20070401 2398.23 17120357 20070401 2198.23 17120358 20070301 2735.83 17120359 20070401 2488.28 17120360 20070401 2500.00 17120361 20070401 2937.50 17120362 20070401 2592.92 17120363 20070401 3320.31 17120364 20070401 2585.58 17120365 20070401 2654.17 17120366 20070401 2228.13 17120367 20070401 2836.67 17120370 20070401 2443.75 17120371 20070401 2706.71 17120373 20070401 3182.29 17120374 20070301 2486.25 17120375 20070401 2679.69 17120376 20070401 3370.25 17120378 20070401 2373.96 17120379 20070401 2368.75 17120380 20070501 3428.00 17120381 20070401 3076.67 17120382 20070401 2520.00 17120383 20070401 3760.00 17120327 20070301 5205.73 17120328 20070201 3023.84 17149240 20070501 2337.50 17149241 20070401 3024.22 17149242 20070401 3000.00 17149243 20070401 2375.00 17149244 20070501 2917.03 17149245 20070501 3760.00 17149246 20070501 2604.17 17149247 20070501 2725.00 17149248 20070501 2562.50 17149249 20070501 3041.67 17149250 20070501 3375.00 17149251 20070501 2717.83 17149252 20070501 3750.00 17149100 20070501 2369.58 17149101 20070501 3133.33 17149102 20070501 3656.57 17129130 20070401 2293.81 17129131 20070401 2660.00 17129132 20070401 2406.30 17129134 20070401 2838.33 17129135 20070301 3645.66 17129136 20070501 3607.50 17129137 20070301 2868.66 17129139 20070401 3214.06 17129140 20070401 5614.58 17129141 20070401 3304.45 17129142 20070401 3000.00 17129144 20070501 2855.42 17129145 20070401 2946.67 17129127 20061001 2283.85 17129128 20070301 3381.44 17129129 20070401 2425.48 17120410 20070401 2424.48 17120411 20070401 2577.08 17120413 20070401 3000.00 17120414 20070401 2609.38 17120415 20070401 3720.83 17120416 20070401 2878.75 17120417 20070401 3899.58 17120418 20070401 2617.42 17120419 20070501 3470.83 17120420 20070401 2260.00 17120422 20070401 2268.23 17120423 20070401 2169.34 17120424 20070401 3333.33 17120425 20070401 3125.85 17120426 20070401 3113.66 17149077 20070401 2036.78 17149078 20070401 2692.71 17149079 20070401 2000.00 17149080 20070401 2592.50 17149081 20070401 2501.04 17149082 20070401 2252.08 17149083 20070401 2407.08 17149084 20070401 2109.38 17149086 20070501 2332.60 17149087 20070101 4084.61 17149088 20070101 3201.55 17149089 20070401 2552.08 17149090 20070401 6447.35 17149091 20070401 2403.49 17120401 20070401 2330.42 17120402 20070401 3607.50 17120403 20070501 2479.71 17120404 20070401 3140.00 17120405 20070401 5145.83 17120406 20070401 3152.92 17120407 20070401 2552.05 17120408 20070401 2931.18 17120409 20070401 2858.29 17149092 20070401 10937.50 17149093 20070501 4593.75 17149094 20070501 5312.50 17149095 20070501 4800.00 17149096 20070501 2263.54 17149097 20070401 5388.33 17149098 20070401 3843.23 17149099 20070501 7343.75 17120498 20070301 3185.16 17120455 20070401 3754.69 17120477 20070401 5810.28 17120490 20070401 4202.73 17120532 20070401 2608.13 17120544 20070401 3333.33 17120540 20070401 2845.83 17120541 20070401 2491.56 17120542 20070401 3220.00 17120543 20070401 2270.83 17120545 20070401 2220.31 17120546 20070401 3354.69 17120547 20070401 2316.25 17120548 20070401 2890.00 17120549 20070401 2597.81 17120550 20070401 5208.33 17120551 20070401 2604.17 17120552 20070401 3916.67 17120553 20070401 3786.46 17120554 20070401 2955.44 17120555 20070401 2521.46 17120556 20070401 2751.67 17120557 20070401 3442.19 17120558 20070401 2390.63 17120559 20070401 2462.33 17120560 20070401 2843.75 17120561 20070401 4000.00 17120562 20070401 2677.50 17120563 20070401 2424.48 17120564 20070401 2373.44 17120565 20070401 2081.21 17120566 20070401 2704.06 17120567 20070401 3033.33 17120568 20070401 3125.00 17120569 20070401 2600.00 17120570 20070401 3612.50 17120571 20070401 2448.00 17120572 20070401 2494.79 17120573 20070401 2500.00 17120574 20070401 2816.67 17120575 20070401 2645.42 17120576 20070401 4270.93 17120526 20070301 2369.79 17120527 20070401 2218.33 17120528 20070401 4782.31 17120529 20070401 3035.62 17120530 20070401 2469.04 17120531 20070401 2205.00 17120533 20070401 2592.92 17120534 20070401 3588.59 17120535 20070401 2909.38 17120536 20070401 3588.74 17120537 20070401 2546.27 17120538 20070401 3596.00 17120539 20070401 2378.54 17120510 20070401 2250.00 17120511 20070301 2608.33 17120512 20070401 6926.01 17120513 20070401 3318.36 17120514 20070401 4262.50 17120515 20070401 3803.75 17120516 20070401 2550.00 17120517 20070301 2115.00 17120518 20070301 2857.50 17120519 20070401 4687.50 17120520 20070401 2968.75 17120521 20070401 4652.92 17120522 20070401 2407.50 17120523 20070301 2749.45 17120524 20070401 3325.50 17120525 20070401 3146.98 17120500 20070401 3558.00 17120501 20070301 2678.32 17120502 20070401 2572.50 17120503 20070301 2350.00 17120504 20070301 2994.79 17120505 20070401 2335.94 17120506 20070301 2728.13 17120507 20070301 4764.00 17120508 20070401 3047.80 17120509 20070401 2392.83 17149110 20070501 2369.79 17149111 20070501 3312.00 17149112 20070501 4760.42 17149113 20070501 4427.08 17149103 20070401 2271.89 17149105 20070501 3288.68 17149106 20070501 2695.00 17149107 20070501 2916.53 17149108 20070401 3062.50 17149109 20070501 2598.02 17120450 20070301 2656.63 17120451 20070301 3843.70 17120452 20070401 2986.18 17120453 20070301 2194.79 17120454 20070401 2580.67 17120456 20070401 2371.05 17120457 20070301 2552.08 17120458 20070401 3184.92 17120459 20070401 3347.50 17120460 20070401 3955.50 17120461 20070401 5411.25 17120462 20070401 3657.26 17120463 20070401 2898.33 17120464 20070301 2737.75 17120465 20070201 4236.46 17120466 20070401 2869.80 17120467 20070401 4967.40 17120468 20070401 3754.61 17120469 20070401 8645.00 17120470 20070401 3683.33 17120471 20070101 3958.33 17120472 20070301 2712.14 17120473 20070301 2947.89 17120474 20070301 3791.67 17120476 20070201 3187.50 17120478 20070401 4166.67 17120479 20070301 2416.30 17120480 20070301 5605.73 17120481 20070401 2258.12 17120482 20070301 2839.58 17120483 20070301 2266.25 17120484 20070301 2056.25 17120485 20070301 4549.70 17120486 20070401 2272.80 17120487 20070401 2115.00 17120488 20070401 2854.17 17120489 20070301 3749.18 17120491 20070401 4720.31 17120492 20070401 1970.83 17120493 20070401 3202.08 17120494 20070301 2957.08 17120495 20070401 3187.50 17120496 20070401 2651.85 17120499 20070401 4540.07 17120429 20070301 3312.08 17120430 20070201 8850.32 17120431 20070401 2226.60 17120432 20070201 3176.88 17120433 20070401 2633.75 17120434 20070401 2665.00 17120436 20070301 3040.34 17120437 20070301 2549.48 17120438 20070201 2639.21 17120440 20070301 4002.10 17120441 20070301 2350.00 17120442 20070301 3317.71 17120443 20070401 4615.77 17120444 20070301 2179.28 17120445 20070301 4895.83 17120446 20070401 5104.17 17120447 20070301 2528.75 17120448 20070301 3838.54 17120449 20070301 3867.54 17181086 20070501 2400.92 17171924 20070401 8410.00 17172078 20070501 3840.00 17175048 20070501 5104.17 17175049 20070501 2343.75 17171987 20070401 2327.28 17172020 20070501 5598.54 17203440 20070501 5757.50 17172004 20070401 3520.00 17172023 20070501 2640.00 17172005 20070401 3250.00 17203443 20070501 6800.00 17203445 20070501 4791.67 17203409 20070501 2414.06 17172044 20070501 3461.59 17203427 20070501 6761.65 17172008 20070501 2389.95 17181117 20070501 4555.47 17172064 20070501 2355.10 17203267 20070301 2447.99 17175071 20070501 3400.00 17172065 20070501 2898.44 17175054 20070501 2447.92 17172048 20070501 3317.71 17172049 20070501 2825.07 17171951 20070401 3111.86 17171995 20070401 2333.33 17203410 20070501 6693.75 17181120 20070501 5920.00 17172112 20070501 2656.25 17172014 20070501 2232.89 17203451 20070501 3304.17 17172051 20070501 2979.17 17203255 20070201 5005.98 17172053 20070501 4969.83 17203437 20070501 1959.46 17172036 20070501 5655.42 17172136 20070501 2429.17 17172073 20070501 2702.50 17172055 20070501 2275.42 17203294 20070501 3332.03 17203278 20070501 2762.50 17203359 20070501 2456.50 17172039 20070501 3793.22 17203396 20070501 2536.04 17203423 20070501 2584.31 17203388 20070501 3076.00 17203364 20070501 5104.17 17203354 20070401 4146.77 17203317 20070501 2291.67 17171965 20070401 3179.69 17203331 20070301 2730.53 17172132 20070501 4415.10 17172133 20070501 2565.00 17172127 20070501 3338.91 17172130 20070501 2738.39 17172104 20070501 2825.00 17172114 20070501 2958.33 17172125 20070501 3916.67 17172126 20070501 2723.33 17171998 20070501 2781.77 17172001 20070401 1383.39 17172002 20070401 2868.29 17172010 20070501 2641.76 17172022 20070501 2407.50 17172033 20070501 2340.63 17172041 20070501 2242.50 17172057 20070401 2300.00 17172061 20070501 2409.17 17172068 20070501 2885.00 17172074 20070501 2648.75 17172084 20070501 2695.83 17172086 20070501 1974.42 17171926 20070401 5866.46 17171946 20070401 2395.83 17171952 20070401 2329.00 17171957 20070501 2629.69 17171960 20070401 2450.00 17171979 20070501 2375.00 17171980 20070401 3458.35 17171983 20070401 2443.75 17171990 20070501 2375.00 17171992 20070501 2892.15 17171922 20070501 2016.67 17203303 20070401 3406.15 17203452 20070501 2760.42 17203340 20070401 2481.77 17203351 20070401 2668.50 17203283 20070501 3399.72 17203252 20070501 3520.83 17203412 20070501 2120.38 17203321 20070501 3843.75 17203385 20070501 1684.98 17203392 20070501 3138.25 17203401 20070501 3104.17 17203435 20070501 2839.06 17203383 20070501 1601.67 17203323 20061201 8515.87 17203449 20070501 2532.71 17203328 20070401 3364.19 17203339 20070201 2487.08 17203315 20070501 2933.58 17203257 20070201 3290.63 17203295 20070501 2225.01 17203290 20070401 3269.38 17203299 20070401 3460.50 17203424 20070501 1952.06 17203379 20070501 2383.33 17203256 20070301 2768.46 17203422 20070501 2697.92 17203253 20070301 2060.42 17203312 20070501 2654.17 17203293 20070501 2109.29 17203418 20070501 3781.25 17203314 20070501 2015.63 17203448 20070501 2334.58 17203384 20070501 2407.09 17203281 20070401 8093.93 17203348 20070301 1980.00 17203390 20070501 2447.92 17203310 20070501 2185.00 17203363 20070401 2841.67 17203425 20070501 2397.50 17203373 20070501 2654.17 17203266 20070201 2363.80 17203358 20070501 2658.15 17203429 20070501 2689.90 17203371 20070501 2868.75 17203337 20070401 2812.50 17203421 20070501 2386.72 17203430 20070501 4551.31 17203247 20070301 3152.21 17203320 20070501 3453.13 17203405 20070501 3385.42 17203270 20070401 1913.33 17203362 20070501 2193.33 17203361 20070401 2387.50 17203272 20070401 2296.88 17203350 20070301 4308.33 17203403 20070501 2686.17 17203301 20070501 2810.68 17203349 20070401 2434.17 17203338 20070401 2407.08 17203345 20070301 3476.08 17203307 20070501 4561.50 17203357 20070401 2220.00 17203442 20070501 4287.50 17203277 20070401 3317.71 17203280 20070401 2177.57 17203344 20070501 2193.33 17203381 20070501 2722.08 17203436 20070501 2730.00 17203333 20070501 3006.67 17203316 20070501 3345.47 17203305 20070501 2484.71 17203292 20070401 3304.05 17203419 20070501 2035.00 17203433 20070501 2395.83 17203438 20070501 2437.50 17203284 20070301 5103.66 17203275 20070401 3019.11 17203411 20070501 3930.33 17203324 20070501 2750.00 17203408 20070501 2333.33 17203300 20070401 2660.00 17203273 20070401 2343.75 17203446 20070501 3352.50 17203415 20070501 2239.45 17203389 20070501 3267.92 17203398 20070501 2273.75 17203274 20070501 5250.00 17203318 20070501 3588.54 17203391 20070501 3415.50 17203399 20070501 2359.50 17203450 20070501 3076.59 17203447 20070501 2130.00 17203453 20070501 2300.00 17203428 20070501 3575.00 17203313 20070501 4173.89 17203431 20070501 3062.50 17203417 20070501 2550.00 17203343 20070301 2604.17 17203360 20070501 2746.50 17203416 20070501 2562.50 17203406 20070501 2260.42 17203367 20070501 2508.73 17203380 20070501 1395.76 17203286 20070501 4046.12 17203330 20070401 3525.00 17203249 20070401 1842.06 17203342 20070201 2208.19 17203346 20070401 2619.27 17203264 20070301 2395.83 17203322 20070501 1943.93 17203397 20070501 2687.81 17203407 20070501 2875.00 17203336 20070401 2984.38 17203374 20070501 2545.83 17203329 20070401 5587.81 17203327 20070501 2769.58 17203369 20070501 1938.69 17203335 20070501 2395.83 17203291 20070401 3851.58 17203289 20070401 4338.98 17203372 20070501 2424.23 17203296 20070501 7500.00 17203254 20070101 2585.38 17203444 20070501 2765.58 17203365 20070501 2316.25 17203259 20070301 2812.50 17203366 20070501 4200.63 17203353 20070501 3317.71 17203285 20070501 3185.00 17203352 20070401 2731.75 17203306 20070501 2182.60 17203414 20070501 5424.47 17203393 20070501 2672.76 17203382 20070501 2374.48 17203302 20070401 3109.29 17203356 20070501 4370.00 17203387 20070501 3569.98 17203377 20070501 2384.29 17203308 20070401 2606.67 17203276 20070401 2454.05 17203288 20070501 2917.86 17203378 20070501 1536.11 17203376 20070501 2185.00 17203370 20070501 2271.67 17203248 20070201 3028.50 17203341 20070301 2571.54 17203334 20070401 2613.75 17203395 20070501 2151.72 17203332 20070501 2440.00 17203309 20070301 3487.50 17203375 20070501 3110.00 17203279 20070501 2199.81 17203386 20070501 2180.00 17203311 20070501 2013.13 17203420 20070501 4995.00 17203402 20070501 4249.99 17203439 20070501 3833.33 17203297 20070401 2932.80 17203282 20070401 3060.00 17203368 20070501 2350.00 17203394 20070501 2434.17 17203400 20070501 2820.00 17203355 20070501 2750.00 17203404 20070501 2801.15 17203426 20070501 3026.08 17203298 20070401 2752.17 17203304 20070501 2264.06 17203434 20070501 2826.56 17171962 20070501 3133.96 17171963 20070501 2432.29 17171966 20070501 2429.58 17171967 20070501 3785.85 17171968 20070501 2802.19 17171969 20070501 3182.29 17171970 20070501 2587.50 17171971 20070501 2550.00 17171973 20070501 2937.50 17171974 20070501 3293.33 17171978 20070501 2721.07 17171982 20070501 3114.58 17171985 20070501 2979.17 17171986 20070501 2604.17 17171988 20070501 2506.88 17171989 20070501 2736.77 17171991 20070501 2516.46 17171993 20070501 3369.31 17171996 20070501 3180.25 17171999 20070501 2350.00 17171950 20070401 2843.02 17171955 20070401 3345.00 17171916 20070401 2285.17 17171917 20070501 5000.00 17171918 20070501 3206.83 17171919 20070501 5223.66 17171920 20070501 2788.67 17171921 20070501 2693.08 17171923 20070501 2640.00 17171925 20070301 5312.23 17171927 20070501 2963.78 17171933 20070401 2017.83 17171935 20070501 4094.88 17171937 20070501 2343.75 17171939 20070501 5000.00 17171945 20070501 2750.00 17171949 20070501 2674.11 17175070 20070501 2687.50 17175072 20070501 2678.67 17175056 20070501 2774.44 17175057 20070501 5115.98 17175059 20070501 4667.09 17175060 20070501 3406.73 17175061 20070501 6288.75 17175062 20070501 3400.00 17175063 20070501 4791.67 17175064 20070501 2898.33 17175065 20070501 2163.96 17175066 20070501 2539.06 17175067 20070501 2948.33 17175068 20070501 2395.83 17175069 20070501 2940.00 17175031 20070401 2975.00 17175032 20070501 2951.67 17175034 20070501 3066.06 17175035 20070501 2759.29 17175036 20070501 2937.50 17175037 20070501 3628.13 17175040 20070501 3287.93 17175041 20070501 2146.82 17175042 20070501 2511.25 17175043 20070501 2656.25 17175045 20070501 2598.96 17175046 20070501 5103.84 17175047 20070501 3854.17 17175050 20070501 2975.69 17175051 20070501 2076.85 17175052 20070501 2340.00 17175053 20070501 3540.00 17175024 20061101 3185.00 17175025 20070501 2750.00 17175026 20070501 3489.75 17175027 20070501 3718.54 17175028 20070301 3468.28 17175029 20070501 1993.70 17172120 20070501 3240.63 17172121 20070501 3625.00 17172122 20070501 2325.00 17172123 20070501 3498.66 17172124 20070501 2812.50 17172128 20070501 2333.33 17172129 20070501 3665.83 17172131 20070501 3953.13 17172134 20070501 2834.69 17172135 20070501 6770.83 17172137 20070501 2434.17 17172138 20070501 2229.82 17172139 20070501 2736.25 17172100 20070501 2138.04 17172101 20070501 2842.00 17172102 20070501 1910.96 17172103 20070501 3056.25 17172105 20070501 3337.50 17172106 20070501 5416.67 17172107 20070501 2693.77 17172108 20070501 2943.79 17172109 20070501 2065.21 17172110 20070501 2751.15 17172111 20070501 2407.43 17172113 20070501 4033.33 17172115 20070501 5000.00 17172116 20070501 3114.58 17172117 20070501 2060.42 17172119 20070501 2750.00 17181161 20070501 2708.33 17172090 20070501 3460.00 17181162 20070401 2244.00 17172091 20070501 2844.55 17172092 20070501 3231.25 17172093 20070501 5117.19 17172094 20070501 2616.33 17172095 20070501 2042.50 17172097 20070501 2137.50 17172098 20070501 2572.92 17172099 20070501 2137.50 17181150 20070501 2687.81 17181151 20070501 2917.86 17172080 20070501 3575.00 17181152 20070501 2517.59 17172081 20070501 2099.63 17181153 20070501 2601.97 17172082 20070501 2643.75 17181154 20070501 2491.67 17172083 20070501 3882.63 17172085 20070501 3450.00 17181158 20070501 2219.06 17172087 20070501 2393.49 17181159 20070501 3033.33 17172088 20070501 2284.38 17172089 20070501 2416.67 17172060 20070501 2895.83 17181132 20070501 2964.18 17181133 20070501 3803.91 17172062 20070501 2760.42 17181134 20070501 2532.89 17172063 20070501 2193.75 17181135 20070501 3361.38 17181136 20070501 2656.25 17172066 20070501 3669.90 17181138 20070501 2592.50 17172067 20070501 4504.17 17172069 20070501 2447.92 17181140 20070501 2429.58 17172070 20070501 2347.55 17172071 20070501 3087.83 17181143 20070501 4287.50 17172072 20070501 3351.56 17181145 20070501 2636.33 17181146 20070501 3186.31 17172075 20070501 3500.00 17181147 20070501 2291.67 17172076 20070501 5073.51 17181148 20070501 2545.83 17172077 20070501 3306.25 17172079 20070501 2060.42 17181130 20070501 3364.67 17181131 20070501 4103.44 17181121 20070501 6355.24 17172050 20070501 2734.25 17181122 20070501 2517.54 17181123 20070501 2487.08 17172052 20070501 2568.33 17181124 20070501 2673.75 17181125 20070501 2925.00 17172054 20070501 3799.17 17181126 20070501 4783.27 17172056 20070501 2645.00 17172059 20070501 3200.00 17172047 20070501 3466.25 17181119 20070501 3928.58 17172021 20070501 4779.60 17172024 20070501 3762.18 17172025 20070501 3915.69 17172026 20070501 3534.10 17172027 20070501 2545.83 17172028 20070401 3639.06 17172029 20070501 3160.94 17181100 20070501 2144.38 17181101 20070501 4019.17 17172030 20070501 2315.25 17181102 20070501 2193.33 17172031 20070501 3296.67 17172032 20070501 5157.88 17181104 20070501 3125.00 17181105 20070501 2409.17 17172034 20070501 2881.88 17181106 20070501 2530.00 17172035 20070501 2368.33 17181107 20070501 2291.67 17181108 20070501 2447.92 17172037 20070501 3270.42 17181109 20070501 2480.63 17172038 20070501 2229.17 17181110 20070501 4821.87 17181111 20070501 4125.00 17172040 20070501 3515.63 17181112 20070501 3552.50 17181113 20070501 1875.00 17172042 20070501 2053.33 17181114 20070501 3951.15 17172043 20070501 3960.83 17181115 20070501 2957.69 17181116 20070501 3500.00 17172045 20070501 2277.71 17172046 20070501 2033.00 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20070501 4188.09 17181149 20070501 5208.33 17181155 20070501 6608.33 17181156 20070501 2604.17 17181157 20070501 2823.33 17181160 20070501 2440.00 17171928 20070401 2449.49 17171929 20070401 3143.15 17171930 20070401 3046.88 17171931 20070401 2893.13 17171932 20070401 3041.48 17171934 20070401 2802.15 17171936 20070401 2749.74 17171938 20070401 2944.08 17171940 20070401 2312.50 17171941 20070401 2622.40 17171942 20070401 7187.50 17171943 20070401 3332.92 17171944 20070401 11718.75 17171947 20070401 3487.50 17171948 20070401 2652.00 17171953 20070401 2203.50 17171954 20070401 2395.83 17171956 20070401 2354.17 17171958 20070401 2669.25 17171959 20070401 3317.71 17171961 20070401 4617.75 17171964 20070401 3333.33 17171975 20070401 2958.33 17171976 20070401 2447.52 17171977 20070401 4489.06 17171981 20070401 3856.67 17171984 20070401 1930.42 17171994 20070401 3082.83 17171997 20070401 2320.00 17172003 20070401 3483.33 17172058 20070401 2153.86 17175030 20070401 2661.77 17175033 20070401 2502.75 17175055 20070401 2686.67 17181087 20070401 3154.50 17181089 20070401 2413.92 17181091 20070401 2996.25 17181127 20070401 3046.88 17172118 20070501 3357.85 17181142 20070501 7813.54 LOAN_SEQ CURRENT_BALANCE LOAN_TO_VALUE 17020574 679999.59 80.00 17020737 439000.00 77.02 17020575 468750.00 69.96 17020498 500000.00 47.62 17020499 583256.60 80.00 17020820 605000.00 63.68 17020821 649924.22 76.20 17020660 444000.00 80.00 17020822 850000.00 68.00 17020661 650000.00 79.71 17020823 575000.00 42.59 17020662 572000.00 80.00 17020824 438820.61 79.28 17020663 612365.98 80.00 17020825 504200.00 72.03 17020664 699599.51 70.00 17020826 751200.00 80.00 17020665 576200.00 80.00 17020827 428000.00 78.53 17020828 487318.04 80.00 17020667 503900.00 80.00 17020829 600000.00 69.04 17020668 641250.00 75.00 17020669 467003.00 80.00 17020830 750000.00 76.38 17020831 672000.00 80.00 17020670 502278.00 80.00 17020832 512999.99 70.27 17020833 504000.00 80.00 17020671 456000.00 80.00 17020834 461300.00 70.00 17020672 584000.00 80.00 17020835 487294.21 75.00 17020673 592943.58 77.78 17020836 531000.00 90.00 17020674 419000.00 76.18 17020837 748000.00 80.00 17020675 500000.00 49.14 17020838 570000.00 78.62 17020676 744840.00 80.00 17020839 596500.00 52.32 17020677 470000.00 73.78 17020678 516000.00 80.00 17020679 500000.00 80.00 17020840 440000.00 80.00 17020841 835000.00 69.58 17020842 608000.00 80.00 17020680 560000.00 79.10 17020843 840000.00 80.00 17020681 504000.00 80.00 17020844 591200.00 80.00 17020682 424000.00 79.25 17020845 560000.00 80.00 17020683 458997.66 80.00 17020846 1000000.00 76.92 17020684 791999.72 68.87 17020685 420680.76 80.00 17020848 1000000.00 80.00 17020686 538710.41 80.00 17020849 1039699.58 80.00 17020687 427500.00 80.00 17020688 564997.29 80.00 17020689 479950.00 79.99 17020850 505000.00 56.11 17020657 720000.00 79.56 17020495 475000.00 28.79 17020819 447500.00 68.85 17020658 437650.00 79.99 17020496 750000.00 21.43 17020659 622400.00 80.00 17020497 559757.69 78.86 17020492 590000.00 69.41 17020816 636000.00 77.56 17020655 500000.00 74.52 17020493 586000.00 62.67 17020817 655500.00 69.00 17020656 536000.00 80.00 17020494 575057.82 73.67 17020812 527900.00 79.98 17020651 431500.00 79.99 17020813 715500.00 76.94 17020814 1000000.00 48.19 17020652 420000.00 80.00 17020490 475000.00 59.90 17020491 599624.10 72.29 17020815 650000.00 54.17 17020654 432000.00 80.00 17020500 547310.27 80.00 17020501 519999.83 79.75 17020502 641973.18 80.00 17020503 620000.00 80.00 17020504 431200.00 66.38 17020505 1000000.00 71.43 17020506 498463.18 78.74 17020507 490700.00 70.00 17020508 505000.00 56.11 17020509 582000.00 80.00 17020510 640000.00 77.11 17020511 1498244.98 75.00 17020512 450000.00 78.26 17020513 468500.00 72.27 17020514 450408.00 80.00 17020515 448000.00 73.44 17020516 494000.00 77.19 17020517 520945.81 67.24 17020518 524800.00 80.00 17020519 582000.00 70.98 17020520 480600.00 80.00 17020521 584000.00 80.00 17020522 422000.00 65.94 17020523 498534.61 57.14 17020524 934249.36 80.00 17020525 472499.76 70.00 17020526 475000.00 79.17 17020527 724999.18 61.70 17020528 570000.00 72.61 17020529 624680.00 80.00 17020530 546600.00 78.09 17020531 471500.00 75.08 17020532 477492.49 74.84 17020533 551999.82 80.00 17020534 512622.82 80.00 17020535 578174.63 54.98 17020536 884812.95 80.00 17020537 875000.00 70.00 17020538 1900000.00 69.09 17020539 840000.00 70.59 17020700 536093.39 71.53 17020701 424000.00 80.00 17020702 536000.00 80.00 17020540 583804.20 55.71 17020703 650000.00 78.08 17020541 608000.00 75.53 17020704 449435.97 75.00 17020542 526096.50 70.29 17020705 460454.45 36.12 17020543 468000.00 80.00 17020706 650000.00 79.79 17020544 479841.00 80.00 17020707 680000.00 80.00 17020545 880000.00 80.00 17020708 1500000.00 57.69 17020546 549865.18 71.43 17020547 1000000.00 74.07 17020385 520000.00 80.00 17020548 468485.53 71.21 17020386 564200.00 79.99 17020549 644000.00 67.79 17020387 760000.00 79.98 17020388 524000.00 80.00 17020389 1195360.00 34.77 17020710 597422.24 90.00 17020711 714425.95 69.08 17020550 999999.47 80.00 17020712 680000.00 75.56 17020551 496000.00 77.50 17020713 576383.46 80.00 17020714 598744.12 80.00 17020552 460000.00 78.62 17020715 915800.00 56.68 17020553 433000.00 45.34 17020391 453881.00 75.00 17020392 494394.60 65.77 17020554 672000.00 80.00 17020716 639839.05 80.00 17020717 949960.05 74.31 17020555 912000.00 74.75 17020393 423975.00 80.00 17020718 764860.00 80.00 17020556 470000.00 62.25 17020394 540000.00 80.00 17020395 540000.00 80.00 17020557 893076.00 80.00 17020719 1400000.00 66.67 17020558 478995.30 80.00 17020397 650000.00 77.38 17020559 664840.58 73.08 17020398 637500.00 75.00 17020399 475000.00 67.38 17020720 455000.00 65.47 17020721 620000.00 80.00 17020722 436000.00 80.00 17020560 427632.54 80.00 17020723 650000.00 76.47 17020561 473200.00 70.00 17020724 725513.95 61.87 17020562 636800.00 80.00 17020725 432000.00 80.00 17020563 426603.35 76.79 17020726 735000.00 77.37 17020564 461000.00 62.30 17020727 619500.00 68.83 17020565 588200.00 80.00 17020728 650000.00 74.29 17020566 479145.67 80.00 17020729 634489.20 80.00 17020567 665946.54 80.00 17020568 956250.00 75.00 17020569 423999.98 80.00 17020730 805007.49 80.00 17020731 458235.00 80.00 17020732 591360.00 80.00 17020570 577500.00 70.00 17020733 600000.00 80.00 17020571 620000.00 80.00 17020734 520310.43 80.00 17020572 514345.00 80.00 17020735 2500000.00 67.57 17020573 804998.86 70.00 17020736 560000.00 80.00 17020487 1296004.27 37.14 17020488 610000.00 77.71 17020489 472000.00 80.00 17020810 535000.00 73.79 17020811 464000.00 80.00 17020650 480000.00 80.00 17020791 645600.00 80.00 17020792 424000.00 80.00 17020793 513600.00 80.00 17020794 670000.00 50.95 17020795 471998.45 80.00 17020796 944000.00 78.67 17020797 536000.00 80.00 17020798 600000.00 80.00 17020799 752500.00 55.74 17020790 602400.00 80.00 17020646 477000.00 55.92 17020484 520000.00 78.79 17020808 535600.00 80.00 17020647 465123.42 80.00 17020485 591700.00 80.00 17020809 496762.98 66.40 17020648 999999.00 73.29 17020486 480000.00 80.00 17020649 777602.26 60.00 17020781 478800.00 80.00 17020782 615500.00 72.41 17020783 504000.00 80.00 17020784 512000.00 80.00 17020785 472800.00 80.00 17020786 605000.00 72.37 17020787 539867.56 62.07 17020788 521000.00 77.19 17020789 559923.37 80.00 17020612 576000.00 80.00 17020450 450320.00 80.00 17020613 736000.00 80.00 17020451 650000.00 72.22 17020614 575308.97 76.93 17020452 485036.04 80.00 17020615 587852.12 72.81 17020453 565934.91 80.00 17020616 583832.75 80.00 17020454 550303.35 80.00 17020617 648000.00 80.00 17020455 450000.00 63.38 17020456 951067.76 32.67 17020618 592494.01 90.00 17020619 457000.00 80.00 17020457 1000000.00 66.67 17020458 544873.21 80.00 17020459 490000.00 77.72 17020620 644384.00 80.00 17020621 433199.73 80.00 17020622 491900.00 79.99 17020460 539010.49 80.00 17020623 718428.47 80.00 17020461 671918.79 52.36 17020624 525000.00 73.94 17020462 625000.00 64.10 17020625 685000.00 79.65 17020463 546185.00 80.00 17020626 548000.00 80.00 17020464 616850.00 79.99 17020627 456000.00 79.30 17020465 594000.00 78.68 17020628 440000.00 80.00 17020466 1349000.00 79.35 17020629 640000.00 73.99 17020467 480950.00 78.84 17020468 597097.30 70.00 17020469 1200000.00 56.60 17020630 563587.00 80.00 17020631 580000.00 74.94 17020632 1032000.00 80.00 17020470 525000.00 77.78 17020633 540240.00 80.00 17020471 600000.00 80.00 17020634 840000.00 80.00 17020472 450400.00 80.00 17020635 630677.14 80.00 17020473 472000.00 80.00 17020636 560000.00 80.00 17020474 566000.00 70.75 17020637 548000.00 80.00 17020475 554168.56 80.00 17020638 760112.00 80.00 17020476 749999.99 78.95 17020477 853000.00 74.17 17020478 458000.00 64.51 17020479 571500.00 57.15 17020800 860000.00 80.00 17020801 1000000.00 71.94 17020640 775000.00 67.39 17020802 547299.13 80.00 17020641 504000.00 80.00 17020803 503818.27 80.00 17020642 458900.02 79.31 17020480 624000.00 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17171970 540000.00 76.06 17171971 480000.00 76.19 17171973 600000.00 80.00 17171974 608000.00 80.00 17171978 460000.00 57.50 17171982 649999.00 69.15 17171985 650000.00 77.84 17171986 500000.00 64.94 17171988 573000.00 73.94 17171989 559000.00 55.90 17171991 514000.00 80.00 17171993 688200.00 57.35 17171996 598636.00 95.00 17171999 480000.00 73.85 17171950 557000.00 79.57 17171955 669000.00 73.92 17171916 535065.00 80.00 17171917 1000000.00 78.43 17171918 715944.00 80.00 17171919 920000.00 80.00 17171920 569600.00 80.00 17171921 487804.00 80.00 17171923 528000.00 80.00 17171925 999950.00 62.50 17171927 605368.00 80.00 17171933 484280.04 76.98 17171935 770800.00 64.23 17171937 450000.00 54.88 17171939 1000000.00 76.92 17171945 550000.00 76.92 17171949 513430.00 79.96 17175070 516000.00 80.00 17175072 524800.00 80.00 17175056 739850.00 78.72 17175057 944489.00 80.00 17175059 920000.00 70.77 17175060 600000.00 43.32 17175061 1341600.00 76.66 17175062 640000.00 80.00 17175063 1000000.00 73.26 17175064 592000.00 77.89 17175065 442000.00 78.93 17175066 487500.00 75.00 17175067 466458.00 72.32 17175068 500000.00 80.00 17175069 588000.00 80.00 17175031 560000.00 69.14 17175032 644000.00 70.00 17175034 540000.00 56.84 17175035 563600.00 62.62 17175036 600000.00 80.00 17175037 696600.00 73.33 17175040 534000.00 64.73 17175041 438500.00 79.99 17175042 492000.00 80.00 17175043 500000.00 80.00 17175045 499000.00 94.33 17175046 999936.00 78.12 17175047 740000.00 80.00 17175050 571333.00 80.00 17175051 524679.00 80.00 17175052 468000.00 80.00 17175053 708000.00 80.00 17175024 588000.00 79.89 17175025 600000.00 80.00 17175026 712800.00 59.40 17175027 713960.00 80.00 17175028 739900.00 79.99 17175029 478488.00 80.00 17172120 610000.00 79.22 17172121 725000.00 79.37 17172122 496000.00 80.00 17172123 546400.00 80.00 17172124 540000.00 67.11 17172128 448000.00 80.00 17172129 664000.00 80.00 17172131 825000.00 75.00 17172134 579000.00 79.32 17172135 1000000.00 64.52 17172137 508000.00 80.00 17172138 445963.00 80.00 17172139 477600.00 80.00 17172100 446200.00 64.67 17172101 487000.00 61.10 17172102 436790.00 80.00 17172103 652000.00 80.00 17172105 640800.00 80.00 17172106 1000000.00 78.80 17172107 461600.00 80.00 17172108 491000.00 59.88 17172109 431000.00 74.18 17172110 539000.00 73.84 17172111 424000.00 80.00 17172113 880000.00 80.00 17172115 1000000.00 79.37 17172116 650000.00 69.89 17172117 430000.00 74.78 17172119 528000.00 80.00 17181161 500000.00 80.00 17172090 692000.00 80.00 17181162 422400.00 80.00 17172091 557300.00 70.63 17172092 660000.00 80.00 17172093 982500.00 75.00 17172094 534400.00 80.00 17172095 456000.00 80.00 17172097 540000.00 80.00 17172098 475000.00 79.17 17172099 540000.00 80.00 17181150 549000.00 68.80 17181151 500000.00 38.83 17172080 780000.00 80.00 17181152 473900.00 80.00 17172081 447920.00 80.00 17181153 452000.00 65.51 17172082 540000.00 80.00 17181154 520000.00 80.00 17172083 639000.00 79.97 17172085 720000.00 77.01 17181158 473400.00 90.00 17172087 459550.00 80.00 17181159 560000.00 80.00 17172088 430000.00 44.79 17172089 464000.00 80.00 17172060 556000.00 69.50 17181132 494400.00 80.00 17181133 811500.00 51.69 17172062 500000.00 70.42 17181134 440000.00 80.00 17172063 540000.00 80.00 17181135 576000.00 80.00 17181136 500000.00 80.00 17172066 719000.00 75.68 17181138 488000.00 77.46 17172067 920000.00 80.00 17172069 500000.00 76.92 17181140 476000.00 80.00 17172070 479500.00 70.00 17172071 522000.00 49.71 17181143 840000.00 80.00 17172072 715000.00 79.44 17181145 575200.00 80.00 17181146 546000.00 68.25 17172075 700000.00 80.00 17181147 500000.00 80.00 17172076 824000.00 80.00 17181148 520000.00 79.39 17172077 690000.00 79.77 17172079 460000.00 80.00 17181130 609450.00 80.00 17181131 838150.00 80.00 17181121 1060000.00 79.40 17172050 450000.00 80.00 17181122 473890.00 75.82 17181123 508000.00 50.21 17172052 536000.00 80.00 17181124 570400.00 80.00 17181125 720000.00 80.00 17172054 776000.00 79.59 17181126 900380.00 80.00 17172056 552000.00 80.00 17172059 640000.00 58.18 17172047 708000.00 80.00 17181119 769680.00 80.00 17172021 955920.00 80.00 17172024 636000.00 72.69 17172025 799800.00 80.00 17172026 640000.00 80.00 17172027 520000.00 79.27 17172028 685000.00 72.11 17172029 595000.00 62.63 17181100 438000.00 62.84 17181101 728000.00 80.00 17172030 453600.00 80.00 17181102 448000.00 80.00 17172031 688000.00 80.00 17172032 896000.00 80.00 17181104 625000.00 60.10 17181105 472000.00 80.00 17172034 522000.00 73.52 17181106 552000.00 76.67 17172035 464000.00 80.00 17181107 440000.00 80.00 17181108 500000.00 51.02 17172037 668000.00 80.00 17181109 486000.00 74.77 17172038 428000.00 80.00 17181110 925799.00 80.00 17181111 900000.00 40.91 17172040 750000.00 75.00 17181112 588000.00 80.00 17181113 450000.00 75.00 17172042 448000.00 80.00 17181114 824588.00 80.00 17172043 776000.00 64.67 17181115 500000.00 33.33 17181116 700000.00 74.47 17172045 420500.00 38.23 17172046 513600.00 80.00 17172017 454759.00 76.43 17172018 564000.00 74.70 17172019 522550.00 73.39 17172000 695200.00 80.00 17172006 540000.00 75.84 17172007 1329000.00 61.81 17172009 650000.00 65.00 17172011 840000.00 80.00 17172013 500000.00 80.00 17172015 459000.00 56.74 17172016 512000.00 80.00 17181088 528500.00 80.00 17181090 488000.00 80.00 17181092 440000.00 76.23 17181093 608000.00 80.00 17181094 606240.00 80.00 17181095 577000.00 66.74 17181096 576000.00 76.80 17181097 489000.00 69.86 17181099 649900.00 42.20 17181082 436000.00 80.00 17181083 486500.00 70.00 17181084 500000.00 62.11 17181085 456000.00 80.00 17172140 426560.00 80.00 17172141 568000.00 80.00 17172142 503522.00 80.00 17175038 620500.00 62.05 17175039 640000.00 80.00 17175044 509272.00 79.28 17175073 618500.00 74.97 17181098 512000.00 80.00 17181103 480000.00 80.00 17181118 676000.00 80.00 17181128 508000.00 80.00 17181129 543500.00 73.45 17181137 650000.00 53.06 17181139 550000.00 66.27 17181144 708000.00 69.41 17181149 999999.00 64.94 17181155 1220000.00 80.00 17181156 500000.00 78.74 17181157 616000.00 80.00 17181160 488000.00 80.00 17171928 479900.00 80.00 17171929 615800.00 79.99 17171930 650000.00 38.55 17171931 694350.00 80.00 17171932 474580.92 64.60 17171934 517320.00 80.00 17171936 527950.00 79.99 17171938 576800.00 80.00 17171940 444000.00 80.00 17171941 475000.00 69.85 17171942 1500000.00 76.92 17171943 799900.00 80.00 17171944 2500000.00 54.95 17171947 744000.00 80.00 17171948 530400.00 80.00 17171953 542400.00 79.99 17171954 460000.00 69.49 17171956 452000.00 79.99 17171958 533850.00 63.55 17171959 650000.00 76.92 17171961 943200.00 80.00 17171964 640000.00 80.00 17171975 568000.00 80.00 17171976 451850.00 70.00 17171977 845000.00 60.36 17171981 712000.00 80.00 17171984 452000.00 80.00 17171994 558400.00 80.00 17171997 464000.00 80.00 17172003 880000.00 80.00 17172058 590772.00 80.00 17175030 580750.00 79.99 17175033 511200.00 80.00 17175055 496000.00 80.00 17181087 560800.00 80.00 17181089 472932.00 80.00 17181091 612000.00 74.18 17181127 585000.00 55.71 17172118 716342.29 73.42 17181142 1666888.00 59.53 LOAN_SEQ MI MERS_ID1 17020574 No MI '100070300004343999 17020737 No MI '100015700071508408 17020575 No MI '100156600000603669 17020498 No MI '100137306120038794 17020499 No MI '100057400003108992 17020820 No MI '100133700019507691 17020821 No MI '100133700019320764 17020660 No MI '100169800000367514 17020822 No MI '100133700016198866 17020661 No MI '100047132260600147 17020823 No MI '100133700019252272 17020662 No MI '100178020060990845 17020824 No MI '100133700019228801 17020663 No MI '100047132260500438 17020825 No MI '100133700019108243 17020664 No MI '100140807005200008 17020826 No MI '100133700018844608 17020665 No MI '100059600058067658 17020827 No MI '100133700019451403 17020828 No MI '100133700017716153 17020667 No MI '100306006120134123 17020829 No MI '100133700019039851 17020668 No MI '100141600000086301 17020669 No MI '100047132261000859 17020830 No MI '100133700019307456 17020831 No MI '100133700018615768 17020670 No MI '100047132261101053 17020832 No MI '100133700019269441 17020833 No MI '100133700017217178 17020671 No MI '100073800000528318 17020834 No MI '100133700018565716 17020672 No MI '100039231513233555 17020835 No MI '100133700018566193 17020673 No MI '100072400305344726 17020836 No MI '100133700019136301 17020674 No MI '100285700000217462 17020837 No MI '100133700019167322 17020675 No MI '100066606041010086 17020838 No MI '100133700019313231 17020676 No MI '100256014000680983 17020839 No MI '100133700019065179 17020677 No MI '100134400610013897 17020678 No MI '100134400030119886 17020679 No MI '100134400030123250 17020840 No MI '100015700068691233 17020841 No MI '100133700016858774 17020842 No MI '100133700019232829 17020680 No MI '100134400030124068 17020843 No MI '100133700019487480 17020681 No MI '100071200000424372 17020844 No MI '100133700019487944 17020682 No MI '100109800000498155 17020845 No MI '100133700019136814 17020683 No MI '100378400000012785 17020846 No MI '100133700019252678 17020684 No MI '100076800000224162 17020685 No MI '100071200000425486 17020848 No MI '100133700019110421 17020686 No MI '100146900008098935 17020849 No MI '100133700019179087 17020687 No MI '100146900008114161 17020688 No MI '100031800630168841 17020689 No MI '100132600000310843 17020850 No MI '100133700018781016 17020657 No MI '100098900061147973 17020495 No MI '100163500319606158 17020819 No MI '100133700019643744 17020658 No MI '100047131461000222 17020496 No MI '100178400022213280 17020659 No MI '100076800000221796 17020497 No MI '100366900070155038 17020492 No MI '100146900008103057 17020816 No MI '100133700019329757 17020655 No MI '100039263120266934 17020493 No MI '100196800050080535 17020817 No MI '100015700076785241 17020656 No MI '100113800000912019 17020494 No MI '100052200003561843 17020812 No MI '100133700019034175 17020651 No MI '100059600090839734 17020813 No MI '100133700019016636 17020814 No MI '100133700018627219 17020652 No MI '100155800000338669 17020490 No MI '100154600000112093 17020491 No MI '100109500400053309 17020815 No MI '100015700076682323 17020654 No MI '100098900061146504 17020500 No MI '100088401473872045 17020501 No MI '100270300000340997 17020502 No MI '100424401473897177 17020503 No MI '100057400003134113 17020504 No MI '100254300000018734 17020505 No MI '100053030010527449 17020506 No MI '100134913100441436 17020507 No MI '100418506120700067 17020508 No MI '100141010601221283 17020509 No MI '100146900008102091 17020510 No MI '100364510010637532 17020511 No MI '100079800614917422 17020512 No MI '100031800620200240 17020513 No MI '100063100081582553 17020514 No MI '100066606121010303 17020515 No MI '100015700076545462 17020516 No MI '100094000000404736 17020517 No MI '100030200000707198 17020518 No MI '100218000000200168 17020519 No MI '100357060002677392 17020520 No MI '100057400002851261 17020521 No MI '100115400061201077 17020522 No MI '100172114745939701 17020523 No MI '100063300020059990 17020524 No MI '100063300009338662 17020525 No MI '100053030010681600 17020526 No MI '100015700076541784 17020527 No MI '100094000000404066 17020528 No MI '100015700076545405 17020529 No MI '100082600000126033 17020530 No MI '100030800600320522 17020531 No MI '100205010000602672 17020532 No MI '100182500061200892 17020533 No MI '100023500000128868 17020534 No MI '100015700076819222 17020535 No MI '100364700000606056 17020536 No MI '100082600000766713 17020537 No MI '100015700076987862 17020538 No MI '100149500055618051 17020539 No MI '100115400061201242 17020700 No MI '100146900009013057 17020701 No MI '100138000530022246 17020702 No MI '100138000530022949 17020540 No MI '100183102000240599 17020703 No MI '100070300004384464 17020541 No MI '100415700000008377 17020704 No MI '100268701485891376 17020542 No MI '100224212345743867 17020705 No MI '100124700070234657 17020543 No MI '100283900000085420 17020706 No MI '100124700070237221 17020544 No MI '100146900008107215 17020707 No MI '100133700016035936 17020545 No MI '100045885010031937 17020708 No MI '100133700019701203 17020546 No MI '100155800000354617 17020547 No MI '100047131161100603 17020385 No MI '100133700017161335 17020548 No MI '100130960000177978 17020386 No MI '100082600000895686 17020549 No MI '100177066200033260 17020387 No MI '100082600000611679 17020388 No MI '100133700019099319 17020389 No MI '100015700066487014 17020710 No MI '100015700073076487 17020711 No MI '100133700018376650 17020550 No MI '100063300009378379 17020712 No MI '100133700018182421 17020551 No MI '100039214587995853 17020713 No MI '100133700017326276 17020714 No MI '100015700074978434 17020552 No MI '100132600000304747 17020715 No MI '100015700073036754 17020553 No MI '100140806353500001 17020391 No MI '100020410001475941 17020392 No MI '100027606010501832 17020554 No MI '100039261409947885 17020716 No MI '100133700017792667 17020717 No MI '100015700074399805 17020555 No MI '100015700076206842 17020393 No MI '100047152160500015 17020718 No MI '100015700074761103 17020556 No MI '100137700000868587 17020394 No MI '100201500022800696 17020395 No MI '100459720060040323 17020557 No MI '100057400002743237 17020719 No MI '100133700017632756 17020558 No MI '100196800030804764 17020397 No MI '100253300000079869 17020559 No MI '100259206120023162 17020398 No MI '100197308010021457 17020399 No MI '100133700019451775 17020720 No MI '100133700018765951 17020721 No MI '100133700018766009 17020722 No MI '100133700017711949 17020560 No MI '100369300061210545 17020723 No MI '100133700018333065 17020561 No MI '100015700076945555 17020724 No MI '100015700077541932 17020562 No MI '100057400003142355 17020725 No MI '100015700075212338 17020563 No MI '100031700003585565 17020726 No MI '100133700017358741 17020564 No MI '100196800030807403 17020727 No MI '100133700017358717 17020565 No MI '100132600000309498 17020728 No MI '100015700074521366 17020566 No MI '100109500400056443 17020729 No MI '100133700017962229 17020567 No MI '100031700003589146 17020568 No MI '100407214767857703 17020569 No MI '100376300032029785 17020730 No MI '100015700073483832 17020731 No MI '100133700017278543 17020732 No MI '100133700018491574 17020570 No MI '100221706120001287 17020733 No MI '100015700075603296 17020571 No MI '100059500700061267 17020734 No MI '100133700018088073 17020572 No MI '100082600000126223 17020735 No MI '100015700076661418 17020573 No MI '100076400000934520 17020736 No MI '100133700017998454 17020487 No MI '100138000340001158 17020488 No MI '100109500400052947 17020489 No MI '100137700000507367 17020810 No MI '100133700019186439 17020811 No MI '100133700019270993 17020650 No MI '100155800000354682 17020791 No MI '100015700077824072 17020792 No MI '100133700017426720 17020793 No MI '100133700018647316 17020794 No MI '100133700019513095 17020795 No MI '100133700019411456 17020796 No MI '100133700019058141 17020797 No MI '100133700018945546 17020798 No MI '100133700019128522 17020799 No MI '100133700018341688 17020790 No MI '100133700017014955 17020646 No MI '100173337340178545 17020484 No MI '100015700075572483 17020808 No MI '100133700018767627 17020647 No MI '100015700076484191 17020485 No MI '100084500000145918 17020809 No MI '100133700018767601 17020648 No MI '100047131360500157 17020486 No MI '100137700000865484 17020649 No MI '100306006120133034 17020781 No MI '100133700019530081 17020782 No MI '100015700077771208 17020783 No MI '100015700076971338 17020784 No MI '100015700074248036 17020785 No MI '100133700018829484 17020786 No MI '100133700018222805 17020787 No MI '100133700019306219 17020788 No MI '100015700076690615 17020789 No MI '100015700076468376 17020612 No MI '100146900008109542 17020450 No MI '100057400002886846 17020613 No MI '100146900008110185 17020451 No MI '100424401470912144 17020614 No MI '100146900008110953 17020452 No MI '100057400003066240 17020615 No MI '100015700076543228 17020453 No MI '100027606072513758 17020616 No MI '100109500400057409 17020454 No MI '100184624161208023 17020617 No MI '100155800000354732 17020455 No MI '100015700076259577 17020456 No MI '100364700000605751 17020618 No MI '100097090612200033 17020619 No MI '100047133661000044 17020457 No MI '100230500010460581 17020458 No MI '100120001000356296 17020459 No MI '100109500400050743 17020620 No MI '100027605051208042 17020621 No MI '100027606011808491 17020622 No MI '100027606071607932 17020460 No MI '100015700072503390 17020623 No MI '100352980000015037 17020461 No MI '100273500612002144 17020624 No MI '100053030010773142 17020462 No MI '100109500400051410 17020625 No MI '100098900061113447 17020463 No MI '100057400002917807 17020626 No MI '100039225402439984 17020464 No MI '100063300009376670 17020627 No MI '100053030010739739 17020465 No MI '100230500010461746 17020628 No MI '100141600000085444 17020466 No MI '100015700076372149 17020629 No MI '100073500011880084 17020467 No MI '100471301000139832 17020468 No MI '100063300009376738 17020469 No MI '100091510100064431 17020630 No MI '100082600001099866 17020631 No MI '100047131161100025 17020632 No MI '100031800110439092 17020470 No MI '100070414061204000 17020633 No MI '100197900001838640 17020471 No MI '100015700076543822 17020634 No MI '100019938910068426 17020472 No MI '100450020040221872 17020635 No MI '100420200000162160 17020473 No MI '100059600056525657 17020636 No MI '100313100061290456 17020474 No MI '100063300020056426 17020637 No MI '100059600086437691 17020475 No MI '100015700076484118 17020638 No MI '100027606080301956 17020476 No MI '100088401472882482 17020477 No MI '100134911100442743 17020478 No MI '100137700000854751 17020479 No MI '100030200000713964 17020800 No MI '100133700018894223 17020801 No MI '100133700018797004 17020640 No MI '100031800440007700 17020802 No MI '100133700018829500 17020641 No MI '100060806120077024 17020803 No MI '100133700019048357 17020642 No MI '100134911100444764 17020480 No MI '100060677002731917 17020804 No MI '100015700076593371 17020643 No MI '100079000000020598 17020481 No MI '100082600000126017 17020805 No MI '100133700019023095 17020644 No MI '100082600001094016 17020482 No MI '100134917100442823 17020806 No MI '100133700018079254 17020645 No MI '100098900061041002 17020483 No MI '100127500000109087 17020807 No MI '100133700018182355 17020436 No MI '100258910060715213 17020437 No MI '100057400003030485 17020438 No MI '100192820060093199 17020439 No MI '100057400002695411 17020600 No MI '100065202900142144 17020601 No MI '100137700000221399 17020602 No MI '100197308010046991 17020440 No MI '100108814686126601 17020603 No MI '100057400003148030 17020441 No MI '100245000026120298 17020604 No MI '100015700076261136 17020442 No MI '100015904000259907 17020605 No MI '100084700000019028 17020606 No MI '100115400061201598 17020444 No MI '100127800005075964 17020607 No MI '100039270980867164 17020445 No MI '100164500001012078 17020608 No MI '100030200025072404 17020446 No MI '100057400002959841 17020609 No MI '100039217396348776 17020447 No MI '100063300020053332 17020448 No MI '100057400003041813 17020449 No MI '100126300000198169 17020610 No MI '100015700076421953 17020611 No MI '100405100000012259 17020771 No MI '100133700018377138 17020772 No MI '100133700019222440 17020773 No MI '100015700076682422 17020774 No MI '100133700019299786 17020775 No MI '100133700019170391 17020777 No MI '100015700069627343 17020778 No MI '100133700018864200 17020779 No MI '100133700018864267 17020780 No MI '100133700019358541 17020400 No MI '100015700066364445 17020401 No MI '100015700067731139 17020402 No MI '100015700074183050 17020403 No MI '100015700070396854 17020404 No MI '100015700070791575 17020405 No MI '100133700019255952 17020406 No MI '100015700073910156 17020407 No MI '100015700076386909 17020408 No MI '100133700017727580 17020409 No MI '100133700018967805 17020410 No MI '100015700070279704 17020411 No MI '100015700071637272 17020412 No MI '100133700019313751 17020413 No MI '100133700018215346 17020415 No MI '100015700071780106 17020416 No MI '100015700071991257 17020417 No MI '100133700018844418 17020418 No MI '100133700018863277 17020419 No MI '100133700019322083 17020420 No MI '100133700018705536 17020421 No MI '100133700017241210 17020422 No MI '100133700019129793 17020423 No MI '100245100000071309 17020424 No MI '100189001000328558 17020425 No MI '100148900000222069 17020427 No MI '100197308010030854 17020428 No MI '100467500006007580 17020429 No MI '100045200000650904 17020430 No MI '100015700076262514 17020431 No MI '100161500610270037 17020432 No MI '100059600072406668 17020433 No MI '100424401463311148 17020434 No MI '100230500010455706 17020761 No MI '100015700077052294 17020762 No MI '100133700019136517 17020763 No MI '100133700018798887 17020764 No MI '100133700019022535 17020765 No MI '100133700018278583 17020766 No MI '100133700019208134 17020767 No MI '100133700018951098 17020768 No MI '100133700019062416 17020769 No MI '100133700019208944 17020770 No MI '100133700018926785 17020851 No MI '100133700019253361 17020852 No MI '100133700018767742 17020690 No MI '100047132261200327 17020853 No MI '100015700074194800 17020691 No MI '100047132260900752 17020854 No MI '100133700019309288 17020692 No MI '100195100000802885 17020855 No MI '100133700019263568 17020693 No MI '100141010601221861 17020856 No MI '100015700076744941 17020694 No MI '100074800270064506 17020857 No MI '100015700077281125 17020695 No MI '100285700000217249 17020858 No MI '100015700077150445 17020696 No MI '100253000000567570 17020859 No MI '100133700019616302 17020697 No MI '100098900061217438 17020698 No MI '100315700000071020 17020699 No MI '100070414061207003 17020860 No MI '100133700019059883 17020861 No MI '100133700018864317 17020862 No MI '100133700019702631 17020740 No MI '100133700017610000 17020741 No MI '100133700019358186 17020742 No MI '100015700076514203 17020580 No MI '100031700003592850 17020743 No MI '100133700018263072 17020581 No MI '100173337340178677 17020744 No MI '100133700018702848 17020582 No MI '100132600000305462 17020745 No MI '100133700018480239 17020583 No MI '100114700000303095 17020746 No MI '100015700074972940 17020584 No MI '100059600087569674 17020747 No MI '100015700074889334 17020585 No MI '100497822061215005 17020748 No MI '100015700077083596 17020586 No MI '100467500006026085 17020749 No MI '100133700018660384 17020587 No MI '100079000000020085 17020588 No MI '100463906120023870 17020589 No MI '100224212345744683 17020750 No MI '100133700018100852 17020751 No MI '100133700017760607 17020590 No MI '100027606121609367 17020752 No MI '100133700018625049 17020591 No MI '100115400061201192 17020753 No MI '100015700074966322 17020592 No MI '100132600000307302 17020754 No MI '100133700017220404 17020593 No MI '100347000000009597 17020755 No MI '100133700018988520 17020594 No MI '100205010000609982 17020756 No MI '100133700016370697 17020595 No MI '100166500004746571 17020757 No MI '100015700076608641 17020596 No MI '100057400003151943 17020758 No MI '100015700072209717 17020597 No MI '100057400002737403 17020759 No MI '100133700017791263 17020598 No MI '100015700076260237 17020599 No MI '100364700000700024 17020760 No MI '100133700019451577 17020738 No MI '100015700075568903 17020576 No MI '100031700003574148 17020739 No MI '100133700018951312 17020577 No MI '100196800030809656 17020578 No MI '100027606062216255 17020390 No MI '100200400000000461 17149253 No MI '100133700020459981 17129133 No MI '100133700018349806 17120372 No MI '100133700018857972 17120377 No MI '100133700019482275 17120399 No MI '100133700019576365 17129138 No MI '100133700019272171 17120386 No MI '100133700020154913 17120389 No MI '100133700019840761 17120412 YES '100015700078684293 17120421 No MI '100015700078231772 17120390 No MI '100133700019958324 17120391 No MI '100015700077978688 17120392 No MI '100133700018785900 17120393 No MI '100133700019337263 17120394 No MI '100133700019988925 17120395 No MI '100015700078461171 17120397 No MI '100133700018165202 17120398 No MI '100133700018041726 17120385 No MI '100015700078632508 17120387 No MI '100133700020359884 17120388 No MI '100015700077175988 17120384 No MI '100015700078518392 17120330 No MI '100236900000067715 17120331 No MI '100015700078015092 17120332 No MI '100133700019181588 17120333 No MI '100015700075628962 17120334 No MI '100133700018520885 17120335 No MI '100133700018455199 17120336 No MI '100133700019449712 17120337 No MI '100133700019183634 17120338 No MI '100133700019481491 17120339 No MI '100133700018768203 17120341 No MI '100133700018290273 17120342 No MI '100133700018658271 17120343 No MI '100133700018970742 17120344 No MI '100133700019471427 17120346 No MI '100133700019101339 17120347 No MI '100015700077145932 17120348 No MI '100015700077334700 17120349 No MI '100133700019334518 17120350 No MI '100133700019240434 17120351 No MI '100133700019029142 17120353 No MI '100133700017470603 17120354 No MI '100015700076347067 17120355 No MI '100133700018727506 17120356 No MI '100133700019542656 17120357 No MI '100133700019575680 17120358 No MI '100015700077175632 17120359 No MI '100015700076347380 17120360 No MI '100133700019854754 17120361 No MI '100015700078024953 17120362 No MI '100133700018826142 17120363 No MI '100133700019038200 17120364 No MI '100015700077269518 17120365 No MI '100133700019921140 17120366 No MI '100133700019788044 17120367 No MI '100015700078025018 17120370 No MI '100133700019492209 17120371 No MI '100133700019866535 17120373 No MI '100133700019906604 17120374 No MI '100133700019573180 17120375 No MI '100133700019779209 17120376 No MI '100133700019787616 17120378 No MI '100015700078208424 17120379 No MI '100015700078107857 17120380 No MI '100133700019439937 17120381 No MI '100133700017976377 17120382 No MI '100133700019726325 17120383 No MI '100133700019953309 17120327 No MI '100366900701554260 17120328 No MI '100130960000175121 17149240 No MI '100015700073910438 17149241 No MI '100137700000870989 17149242 No MI '100015700076158456 17149243 No MI '100031800620203848 17149244 No MI '100133700020359769 17149245 No MI '100133700018786361 17149246 No MI '100133700018215916 17149247 No MI '100015700078551740 17149248 No MI '100133700020150481 17149249 No MI '100133700018041841 17149250 No MI '100133700019387755 17149251 No MI '100133700018933138 17149252 No MI '100015700078984404 17149100 No MI '100133700019749178 17149101 No MI '100015700076983614 17149102 No MI '100133700018740756 17129130 No MI '100095303400508554 17129131 No MI '100039267838287397 17129132 No MI '100050500008794170 17129134 No MI '100015700076546148 17129135 No MI '100133700019298226 17129136 No MI '100015700078324965 17129137 No MI '100015700076822630 17129139 No MI '100133700019707135 17129140 No MI '100133700019473506 17129141 No MI '100015700076969043 17129142 No MI '100133700019526303 17129144 No MI '100133700019816407 17129145 No MI '100133700019906927 17129127 No MI '100186192060500468 17129128 No MI '100082600001083795 17129129 No MI '100066607011013712 17120410 No MI '100133700017931505 17120411 No MI '100133700018328560 17120413 No MI '100133700019959421 17120414 No MI '100133700020092279 17120415 No MI '100133700018737034 17120416 No MI '100133700019453839 17120417 No MI '100133700019029555 17120418 No MI '100015700078527328 17120419 No MI '100133700019906331 17120420 No MI '100133700019714750 17120422 No MI '100133700019980716 17120423 No MI '100133700019538852 17120424 No MI '100133700019543530 17120425 No MI '100133700019714933 17120426 No MI '100015700068354535 17149077 No MI '100059600086617615 17149078 No MI '100180720070206035 17149079 No MI '100059600073202603 17149080 No MI '100122500206120263 17149081 No MI '100071907020127450 17149082 No MI '100364510040703981 17149083 No MI '100015700078318058 17149084 No MI '100306300702079651 17149086 No MI '100133700020055276 17149087 No MI '100039610011027116 17149088 No MI '100039610011162145 17149089 No MI '100133700019568701 17149090 No MI '100015700078399140 17149091 No MI '100133700018076615 17120401 No MI '100015700074375953 17120402 No MI '100133700019981417 17120403 No MI '100133700017241947 17120404 No MI '100133700020095769 17120405 No MI '100133700020026210 17120406 No MI '100133700019656084 17120407 No MI '100133700020049626 17120408 No MI '100133700020267483 17120409 No MI '100133700020267475 17149092 No MI '100133700019234940 17149093 No MI '100133700017507081 17149094 No MI '100133700019539330 17149095 No MI '100015700078385586 17149096 No MI '100133700019800005 17149097 No MI '100133700018931793 17149098 No MI '100015700078204001 17149099 No MI '100015700069414809 17120498 No MI '100133700018485352 17120455 No MI '100015700077389563 17120477 No MI '100133700019488033 17120490 No MI '100133700019120487 17120532 PMI '100015700077715924 17120544 No MI '100015700074978673 17120540 No MI '100015700078188477 17120541 No MI '100133700018768310 17120542 No MI '100133700019481418 17120543 No MI '100133700019124208 17120545 No MI '100015700071560680 17120546 No MI '100133700018165079 17120547 No MI '100015700077786354 17120548 No MI '100133700020018118 17120549 No MI '100133700018015449 17120550 No MI '100133700019734063 17120551 No MI '100133700019898595 17120552 No MI '100015700076853023 17120553 No MI '100133700019038234 17120554 No MI '100015700077860191 17120555 No MI '100015700078312697 17120556 No MI '100133700019975146 17120557 No MI '100133700019734055 17120558 No MI '100133700018931819 17120559 No MI '100015700073592681 17120560 No MI '100133700020018241 17120561 No MI '100133700019488363 17120562 No MI '100133700019864266 17120563 No MI '100133700020051606 17120564 No MI '100015700078171895 17120565 No MI '100133700019656340 17120566 No MI '100133700019337206 17120567 No MI '100133700018858178 17120568 No MI '100133700019734188 17120569 No MI '100133700019717753 17120570 No MI '100133700019974966 17120571 No MI '100133700019829038 17120572 No MI '100133700019533259 17120573 No MI '100015700078352172 17120574 No MI '100015700076229810 17120575 No MI '100133700019963233 17120576 No MI '100133700019990897 17120526 No MI '100133700019312142 17120527 No MI '100133700019842981 17120528 No MI '100015700076563846 17120529 No MI '100133700019429243 17120530 No MI '100133700017135008 17120531 No MI '100133700019127102 17120533 No MI '100133700019550097 17120534 No MI '100133700019388696 17120535 No MI '100133700019767402 17120536 No MI '100015700076818067 17120537 No MI '100133700017570436 17120538 No MI '100133700019842874 17120539 No MI '100133700020067479 17120510 No MI '100015700076818133 17120511 No MI '100133700018785579 17120512 No MI '100133700019339202 17120513 No MI '100015700078070907 17120514 No MI '100133700020092907 17120515 No MI '100133700019850489 17120516 No MI '100133700018566383 17120517 No MI '100015700077706097 17120518 No MI '100133700019675449 17120519 No MI '100133700019272445 17120520 No MI '100015700077844419 17120521 No MI '100133700019374878 17120522 No MI '100133700019568230 17120523 No MI '100133700019562647 17120524 No MI '100133700017189344 17120525 No MI '100133700020126820 17120500 No MI '100133700018704190 17120501 No MI '100015700075643409 17120502 No MI '100133700018648454 17120503 No MI '100015700073657260 17120504 No MI '100133700019530701 17120505 United Guaranty '100133700019072506 17120506 No MI '100015700076966007 17120507 No MI '100133700019395089 17120508 No MI '100015700075395844 17120509 No MI '100133700019386559 17149110 No MI '100133700019750564 17149111 No MI '100015700078035488 17149112 No MI '100133700020227529 17149113 No MI '100133700020242833 17149103 No MI '100259000000059184 17149105 No MI '100133700020226729 17149106 No MI '100133700020056209 17149107 No MI '100015700078855992 17149108 No MI '100133700020067545 17149109 No MI '100133700020063163 17120450 No MI '100015700077026256 17120451 No MI '100252300000997954 17120452 No MI '100424401486317346 17120453 No MI '100186141070100272 17120454 No MI '100115400070101193 17120456 No MI '100199600000143962 17120457 No MI '100072400225314593 17120458 No MI '100399307020009672 17120459 No MI '100071200000428068 17120460 No MI '100072400905100387 17120461 No MI '100072400905100668 17120462 No MI '100015700076190046 17120463 No MI '100133700018779689 17120464 No MI '100133700019109704 17120465 No MI '100015700074444064 17120466 No MI '100015700077461552 17120467 No MI '100015700076968946 17120468 No MI '100015700077592695 17120469 No MI '100133700016937859 17120470 No MI '100133700018566268 17120471 No MI '100133700018264906 17120472 No MI '100133700018654361 17120473 No MI '100133700017807747 17120474 No MI '100133700016669577 17120476 No MI '100133700019174492 17120478 No MI '100133700018786734 17120479 No MI '100133700018966674 17120480 No MI '100133700019041295 17120481 No MI '100015700078023260 17120482 No MI '100133700017644694 17120483 No MI '100133700019530776 17120484 No MI '100133700019567281 17120485 No MI '100133700017820757 17120486 No MI '100015700077394456 17120487 No MI '100133700019924516 17120488 No MI '100133700019655961 17120489 No MI '100015700070620600 17120491 No MI '100133700019120503 17120492 No MI '100133700019008096 17120493 No MI '100133700019590960 17120494 No MI '100133700019232167 17120495 No MI '100133700019843633 17120496 No MI '100015700077812705 17120499 No MI '100133700017982086 17120429 Republic MIC '100015700061223620 17120430 No MI '100015700072965003 17120431 No MI '100015700078120686 17120432 No MI '100140806341800000 17120433 No MI '100134911100442883 17120434 No MI '100140806344100002 17120436 No MI '100133001000572954 17120437 No MI '100134911100444053 17120438 No MI '100478300004283144 17120440 No MI '100276530611150047 17120441 No MI '100072400305344866 17120442 No MI '100100300000211178 17120443 No MI '100015700077613723 17120444 No MI '100134914120444988 17120445 No MI '100137700000868322 17120446 No MI '100125700006384641 17120447 No MI '100276510701170089 17120448 No MI '100358400070100399 17120449 No MI '100140200060801805 17181086 No MI '100039214775163991 17171924 No MI '100249710290606642 17172078 No MI '100133700020842806 17175048 No MI '100133700020852912 17175049 PMI '100015700078461551 17171987 No MI '100015700078421423 17172020 No MI '100133700020063023 17203440 No MI '100015700076940192 17172004 No MI '100047132270100708 17172023 No MI '100133700019143752 17172005 No MI '100061200006353080 17203443 No MI '100015700079186959 17203445 No MI '100133700020839455 17203409 No MI '100015700071615971 17172044 No MI '100133700020476597 17203427 No MI '100015700079239535 17172008 No MI '100133700019334211 17181117 No MI '100133700020324672 17172064 No MI '100133700020496587 17203267 No MI '100127500000111711 17175071 No MI '100133700019993818 17172065 No MI '100133700019936213 17175054 No MI '100071200000435147 17172048 No MI '100133700020296524 17172049 No MI '100133700020173400 17171951 No MI '100164907020068546 17171995 No MI '100318640020007017 17203410 No MI '100133700020030030 17181120 No MI '100133700019736837 17172112 No MI '100133700020620285 17172014 No MI '100133700019702151 17203451 No MI '100133700020844349 17172051 No MI '100015700079205262 17203255 No MI '100015904000281224 17172053 No MI '100133700019198632 17203437 No MI '100015700078226566 17172036 No MI '100133700019366494 17172136 No MI '100015700079042533 17172073 No MI '100133700019093684 17172055 No MI '100301207022033067 17203294 No MI '100015700079023491 17203278 No MI '100444700000011392 17203359 No MI '100015700078249477 17172039 No MI '100133700020181247 17203396 No MI '100133700020912716 17203423 No MI '100015700078997125 17203388 No MI '100015700079395311 17203364 No MI '100133700018839376 17203354 No MI '100133700019778987 17203317 No MI '100268701496741099 17171965 PMI '100290800000330134 17203331 No MI '100133700018679418 17172132 No MI '100133700019694911 17172133 No MI '100133700020728179 17172127 No MI '100133700020570415 17172130 No MI '100133700020217876 17172104 No MI '100133700020488105 17172114 No MI '100133700020624527 17172125 No MI '100015700079036238 17172126 No MI '100133700020487750 17171998 No MI '100146900009024351 17172001 No MI '100015904000674071 17172002 No MI '100047131261100321 17172010 No MI '100015700077192546 17172022 No MI '100133700020663772 17172033 No MI '100133700020191931 17172041 No MI '100133700020382076 17172057 No MI '100015904000675805 17172061 No MI '100073800000554371 17172068 No MI '100133700020547405 17172074 No MI '100133700019093734 17172084 No MI '100015700079508467 17172086 No MI '100133700019943524 17171926 No MI '100053030010822139 17171946 No MI '100036800800339797 17171952 No MI '100059600071685601 17171957 No MI '100196800030865807 17171960 No MI '100229900597020019 17171979 No MI '100053030011123602 17171980 No MI '100059600095025685 17171983 No MI '100109500400064405 17171990 No MI '100146900009021415 17171992 No MI '100308400000103738 17171922 No MI '100224212345740277 17203303 No MI '100115400060700590 17203452 No MI '100133700021009082 17203340 No MI '100133700019758617 17203351 No MI '100133700019524076 17203283 No MI '100057400003191261 17203252 No MI '100133700020275940 17203412 No MI '100133700020543958 17203321 No MI '100187800103043267 17203385 No MI '100015904000843205 17203392 No MI '100133700020438886 17203401 No MI '100015700077350433 17203435 No MI '100133700020756204 17203383 No MI '100015904000580070 17203323 No MI '100015700072871532 17203449 No MI '100015700079588238 17203328 No MI '100133700018215494 17203339 No MI '100015700075959649 17203315 No MI '100115400070203031 17203257 No MI '100063300009378411 17203295 No MI '100057400002998153 17203290 No MI '100059600068020606 17203299 No MI '100194972107114328 17203424 No MI '100133700019250540 17203379 No MI '100015904000674030 17203256 No MI '100053030010712132 17203422 PMI '100133700020574219 17203253 No MI '100224212345742901 17203312 No MI '100463300070201274 17203293 No MI '100059600094218687 17203418 No MI '100015700079732885 17203314 No MI '100059600066463683 17203448 No MI '100133700020529965 17203384 No MI '100047131170200212 17203281 No MI '100236900000092341 17203348 No MI '100015700077757298 17203390 No MI '100133700020192061 17203310 No MI '100137700000884667 17203363 No MI '100133700019890733 17203425 No MI '100133700020488501 17203373 No MI '100133700020172519 17203266 No MI '100050500008581189 17203358 No MI '100133700020315183 17203429 No MI '100015700076632898 17203371 No MI '100133700019294662 17203337 No MI '100015700078443971 17203421 No MI '100015700078250681 17203430 No MI '100015700078879794 17203247 No MI '100276510412150115 17203320 No MI '100155800000363576 17203405 No MI '100133700020398403 17203270 No MI '100059600090472676 17203362 No MI '100133700020152594 17203361 No MI '100015700078080260 17203272 No MI '100196800050096689 17203350 No MI '100133700019523250 17203403 No MI '100133700018488844 17203301 No MI '100194972107118402 17203349 No MI '100133700019863235 17203338 No MI '100015700074882909 17203345 No MI '100133700019379729 17203307 No MI '100059600095999608 17203357 No MI '100015700077978266 17203442 No MI '100133700020771195 17203277 No MI '100137700000508449 17203280 No MI '100039216200011224 17203344 No MI '100015700077364335 17203381 No MI '100293701597706156 17203436 No MI '100133700020632033 17203333 No MI '100133700020032838 17203316 No MI '100049504915393377 17203305 No MI '100208808000017339 17203292 No MI '100039223050621839 17203419 No MI '100015700079317604 17203433 No MI '100133700020914258 17203438 No MI '100133700020588490 17203284 No MI '100045700889802146 17203275 No MI '100053030010942671 17203411 No MI '100133700020885433 17203324 No MI '100015700073799021 17203408 No MI '100133700020456110 17203300 No MI '100352900000033921 17203273 No MI '100039275419954590 17203446 No MI '100133700020472653 17203415 No MI '100133700019822520 17203389 No MI '100133700020132513 17203398 No MI '100133700015157996 17203274 No MI '100424401486193416 17203318 No MI '100108814970232909 17203391 No MI '100133700019216483 17203399 No MI '100133700019772469 17203450 No MI '100015700079607277 17203447 No MI '100015700079566804 17203453 No MI '100133700020799576 17203428 No MI '100133700019097925 17203313 No MI '100095414958343409 17203431 No MI '100133700019789802 17203417 No MI '100133700020455427 17203343 No MI '100015700071888990 17203360 No MI '100133700020315134 17203416 No MI '100133700020528579 17203406 No MI '100133700018920911 17203367 No MI '100133700020223981 17203380 No MI '100015904000705305 17203286 No MI '100015700078420854 17203330 No MI '100133700018100878 17203249 No MI '100082600000139515 17203342 No MI '100133700018801996 17203346 No MI '100133700019143414 17203264 No MI '100183601481720078 17203322 No MI '100047131170200170 17203397 No MI '100133700020382100 17203407 No MI '100015700079234106 17203336 No MI '100133700019447146 17203374 No MI '100047132270200599 17203329 No MI '100133700018471865 17203327 No MI '100015700079745234 17203369 No MI '100133700020024108 17203335 No MI '100133700019291692 17203291 No MI '100053030011058543 17203289 No MI '100059600089097641 17203372 No MI '100133700020067362 17203296 No MI '100290800000330605 17203254 PMI '100098900061040939 17203444 No MI '100015700079027849 17203365 No MI '100133700018424625 17203259 No MI '100537166200032877 17203366 No MI '100133700018424740 17203353 No MI '100015700077900765 17203285 No MI '100141010700221077 17203352 No MI '100133700019060519 17203306 No MI '100245000027020901 17203414 No MI '100133700020235183 17203393 No MI '100133700020381664 17203382 No MI '100047131361000140 17203302 No MI '100027606073016710 17203356 No MI '100133700019971764 17203387 No MI '100133700020190933 17203377 No MI '100062500080920210 17203308 No MI '100045700889827234 17203276 No MI '100143200003013549 17203288 No MI '100185100703120074 17203378 No MI '100015904000644736 17203376 No MI '100146900009025598 17203370 No MI '100133700020694322 17203248 No MI '100015700062923392 17203341 No MI '100015700077083208 17203334 No MI '100133700018719842 17203395 No MI '100015700079923443 17203332 No MI '100133700019446916 17203309 No MI '100190600007389039 17203375 No MI '100093900000167467 17203279 No MI '100057400003168731 17203386 No MI '100306007030152338 17203311 No MI '100059600091912639 17203420 No MI '100133700020242973 17203402 No MI '100133700020550565 17203439 No MI '100133700020806868 17203297 No MI '100039237596560509 17203282 No MI '100137700000879568 17203368 No MI '100015700078783715 17203394 No MI '100015700079082760 17203400 No MI '100133700020177179 17203355 No MI '100133700020315811 17203404 No MI '100133700019332595 17203426 No MI '100133700019199168 17203298 No MI '100059600073481629 17203304 No MI '100015700078112717 17203434 No MI '100133700020755743 17171962 No MI '100161500702060031 17171963 No MI '100208808000016174 17171966 No MI '100424401491989469 17171967 No MI '100444700000009826 17171968 No MI '100015700078680622 17171969 No MI '100236900000086913 17171970 No MI '100015700078805831 17171971 No MI '100115400070200698 17171973 No MI '100229627070003002 17171974 No MI '100473900010040308 17171978 No MI '100280300000056682 17171982 No MI '100245900000057335 17171985 No MI '100115400070101896 17171986 No MI '100291601495472459 17171988 No MI '100063100083032557 17171989 No MI '100140807036200001 17171991 No MI '100057400003230176 17171993 No MI '100072900000842320 17171996 No MI '100027606101607951 17171999 No MI '100146900009025085 17171950 No MI '100165960672075201 17171955 No MI '100138000010026618 17171916 No MI '100015700069814677 17171917 No MI '100133700018764020 17171918 No MI '100015700072503655 17171919 No MI '100015700079241036 17171920 No MI '100133700019672792 17171921 No MI '100015700072707108 17171923 No MI '100113201473144919 17171925 No MI '100039262452505935 17171927 No MI '100197900001847666 17171933 No MI '100424401486278621 17171935 No MI '100120001000371964 17171937 No MI '100113201487440121 17171939 No MI '100254200000024957 17171945 No MI '100230500010497401 17171949 No MI '100140200060410037 17175070 No MI '100133700020452085 17175072 No MI '100133700020686815 17175056 No MI '100047131170200238 17175057 No MI '100047132270200029 17175059 No MI '100015700079432650 17175060 No MI '100015700079153546 17175061 No MI '100133700019096000 17175062 No MI '100015700077900831 17175063 No MI '100133700019291551 17175064 No MI '100133700020477819 17175065 No MI '100133700020251727 17175066 No MI '100015700079269094 17175067 No MI '100133700020632231 17175068 No MI '100133700020477439 17175069 No MI '100133700020323450 17175031 No MI '100053030011061000 17175032 No MI '100253100000108019 17175034 No MI '100032500070202576 17175035 No MI '100039223564324987 17175036 No MI '100076970000325242 17175037 No MI '100326700940277320 17175040 No MI '100039250545971966 17175041 No MI '100027606082516148 17175042 No MI '100055507030087957 17175043 No MI '100197900001849282 17175045 Republic MIC '100133700020403112 17175046 No MI '100133700020145713 17175047 No MI '100015700078624471 17175050 No MI '100015700078369275 17175051 No MI '100133700019250136 17175052 No MI '100133700019706400 17175053 No MI '100015700075381224 17175024 No MI '100163177001491296 17175025 No MI '100133700019384372 17175026 No MI '100015700079418394 17175027 No MI '100015700072503903 17175028 No MI '100063300020072332 17175029 No MI '100066607011014447 17172120 No MI '100133700020386861 17172121 No MI '100133700020444637 17172122 No MI '100133700019943672 17172123 No MI '100133700020435676 17172124 No MI '100133700020662501 17172128 No MI '100133700020478098 17172129 No MI '100015700078969108 17172131 No MI '100015700079153637 17172134 No MI '100133700020633932 17172135 No MI '100133700020456474 17172137 No MI '100133700018424708 17172138 No MI '100133700019882508 17172139 No MI '100133700020722040 17172100 No MI '100133700020650928 17172101 No MI '100015700078364912 17172102 No MI '100015700079282279 17172103 No MI '100133700020053909 17172105 No MI '100133700020541416 17172106 No MI '100133700020477785 17172107 No MI '100015700078226491 17172108 No MI '100133700020544949 17172109 No MI '100015700079250011 17172110 No MI '100133700020591718 17172111 No MI '100133700020402031 17172113 No MI '100133700020560556 17172115 No MI '100133700019936551 17172116 No MI '100133700020622547 17172117 No MI '100133700020455260 17172119 No MI '100133700020243021 17181161 No MI '100015700076821269 17172090 No MI '100133700020494764 17181162 No MI '100050500008677854 17172091 No MI '100015700078661614 17172092 No MI '100015700078552490 17172093 No MI '100133700020463520 17172094 No MI '100133700020386481 17172095 No MI '100133700020479229 17172097 No MI '100133700020242700 17172098 No MI '100133700020494210 17172099 No MI '100133700020243013 17181150 No MI '100133700020686872 17181151 No MI '100133700020784693 17172080 No MI '100015700079153314 17181152 No MI '100133700020451228 17172081 No MI '100015700079153819 17181153 No MI '100015700079239139 17172082 No MI '100015700078579311 17181154 No MI '100133700020706480 17172083 No MI '100015700078752710 17172085 No MI '100133700020214873 17181158 Republic MIC '100015700079588378 17172087 No MI '100133700019973125 17181159 No MI '100133700020776772 17172088 No MI '100015700078651243 17172089 No MI '100015700078507312 17172060 No MI '100071200000434140 17181132 No MI '100047131361000165 17181133 No MI '100072400305351960 17172062 No MI '100133700018593882 17181134 No MI '100133700017620959 17172063 No MI '100133700019454191 17181135 No MI '100015700078528177 17181136 No MI '100133700019093726 17172066 No MI '100015700079004749 17181138 No MI '100015700079276909 17172067 No MI '100133700014295516 17172069 No MI '100015700078475825 17181140 No MI '100133700020545896 17172070 No MI '100015700079280463 17172071 No MI '100133700019526667 17181143 No MI '100133700020275809 17172072 No MI '100015700078453665 17181145 No MI '100133700020398841 17181146 No MI '100133700020666759 17172075 No MI '100133700020422526 17181147 No MI '100015700079297749 17172076 No MI '100133700020188408 17181148 No MI '100133700020487578 17172077 No MI '100133700020441120 17172079 No MI '100015700078700834 17181130 No MI '100047131261000398 17181131 No MI '100047131170100081 17181121 No MI '100133700020867027 17172050 No MI '100133700018888399 17181122 No MI '100133700020208339 17181123 No MI '100015700079335366 17172052 No MI '100133700019943144 17181124 No MI '100015700078495880 17181125 No MI '100015700078749112 17172054 No MI '100015700079130239 17181126 No MI '100027606050504944 17172056 No MI '100098900070215647 17172059 No MI '100073800000560261 17172047 No MI '100133700019807265 17181119 No MI '100015700077192405 17172021 No MI '100015700077364442 17172024 No MI '100133700020361740 17172025 No MI '100133700018350663 17172026 No MI '100015700077007868 17172027 No MI '100133700020256924 17172028 No MI '100133700019670259 17172029 No MI '100133700019957193 17181100 No MI '100039226903683609 17181101 No MI '100331400002210698 17172030 No MI '100015700079272742 17181102 No MI '100070417070221006 17172031 No MI '100133700019897951 17172032 No MI '100133700019198608 17181104 No MI '100039279342191411 17181105 No MI '100133700020382407 17172034 No MI '100133700017500649 17181106 No MI '100133700019203564 17172035 No MI '100015700076798376 17181107 No MI '100133700019025058 17181108 No MI '100133700019624298 17172037 No MI '100133700018160302 17181109 No MI '100133700020030865 17172038 No MI '100133700018672199 17181110 No MI '100015700077904049 17181111 No MI '100133700016968656 17172040 No MI '100133700020412105 17181112 No MI '100133700019124224 17181113 No MI '100133700019430993 17172042 No MI '100015700079059859 17181114 No MI '100015700077487946 17172043 No MI '100015700079204760 17181115 No MI '100133700018350556 17181116 No MI '100133700019876559 17172045 No MI '100133700018952278 17172046 No MI '100133700019250441 17172017 No MI '100133700018975964 17172018 No MI '100133700020408970 17172019 No MI '100133700019924169 17172000 No MI '100073800000555980 17172006 No MI '100015700074313699 17172007 No MI '100133700020745934 17172009 No MI '100133700019347023 17172011 No MI '100133700018792732 17172013 No MI '100015700075713129 17172015 No MI '100133700019805228 17172016 No MI '100133700019721102 17181088 No MI '100059600089804681 17181090 No MI '100161407000119396 17181092 No MI '100079801210800228 17181093 No MI '100015700078530819 17181094 No MI '100057400003229913 17181095 No MI '100157300000075971 17181096 No MI '100417910000002266 17181097 No MI '100039260827891519 17181099 No MI '100053607030056853 17181082 No MI '100133700018920572 17181083 No MI '100463907030034023 17181084 No MI '100104500000126377 17181085 No MI '100166500004771595 17172140 No MI '100133700020634377 17172141 No MI '100133700020722487 17172142 No MI '100015700079027195 17175038 No MI '100140807053300007 17175039 No MI '100072400905101112 17175044 No MI '100133700018697089 17175073 No MI '100133700019695413 17181098 No MI '100072400905100809 17181103 No MI '100146900009019674 17181118 No MI '100015700078149065 17181128 No MI '100071000100464611 17181129 No MI '100072400305349428 17181137 No MI '100133700020467901 17181139 No MI '100015700079028169 17181144 No MI '100133700020577717 17181149 No MI '100133700020718592 17181155 No MI '100015700073655868 17181156 No MI '100133700020852524 17181157 No MI '100133700020699818 17181160 No MI '100133700020609148 17171928 No MI '100109500400060114 17171929 No MI '100082600000895975 17171930 No MI '100283900000106424 17171931 No MI '100063300020065732 17171932 No MI '100207600000008173 17171934 No MI '100085600024877006 17171936 No MI '100059600091323662 17171938 No MI '100015700077776223 17171940 No MI '100470900000010553 17171941 No MI '100039218573255131 17171942 No MI '100463907020032789 17171943 No MI '100059600092008668 17171944 No MI '100071907010126264 17171947 No MI '100059600091997614 17171948 No MI '100256014000694240 17171953 No MI '100071000100458787 17171954 No MI '100082600001025564 17171956 No MI '100059600090918694 17171958 No MI '100146872149053352 17171959 No MI '100137700000507516 17171961 No MI '100134911100448609 17171964 No MI '100115400070201621 17171975 No MI '100059600093704612 17171976 No MI '100039266985122365 17171977 No MI '100039231922494756 17171981 No MI '100070410702150016 17171984 No MI '100146900008112298 17171994 No MI '100067301000298505 17171997 No MI '100019980310000013 17172003 No MI '100047131170100313 17172058 No MI '100015901033261538 17175030 No MI '100059600093692650 17175033 No MI '100509420070220011 17175055 No MI '100183300000372004 17181087 No MI '100164200000123808 17181089 No MI '100062500080819784 17181091 No MI '100053030011123610 17181127 No MI '100285700000229459 17172118 No MI '100133700020560937 17181142 No MI '100133700020647627 LOAN_SEQ MARGIN NEXT_RATE_ADJ_DATE1 17020574 2.250 20120201 17020737 2.250 20120201 17020575 2.250 20120201 17020498 2.250 20120101 17020499 2.250 20120201 17020820 2.250 20120201 17020821 2.250 20120201 17020660 2.250 20120201 17020822 2.250 20120201 17020661 2.250 20120101 17020823 2.250 20120201 17020662 2.250 20120201 17020824 2.250 20120201 17020663 2.250 20120101 17020825 2.250 20120101 17020664 2.250 20120201 17020826 2.250 20120201 17020665 2.250 20120201 17020827 2.250 20120201 17020828 2.250 20120201 17020667 2.250 20120101 17020829 2.250 20120201 17020668 2.250 20120101 17020669 2.250 20120101 17020830 2.250 20120201 17020831 2.250 20120201 17020670 2.250 20120101 17020832 2.250 20120201 17020833 2.250 20120201 17020671 2.250 20120201 17020834 2.250 20120201 17020672 2.250 20120201 17020835 2.250 20120201 17020673 2.250 20120101 17020836 2.750 20120101 17020674 2.250 20120101 17020837 2.250 20120201 17020675 2.250 20120201 17020838 2.250 20120201 17020676 2.250 20120201 17020839 2.250 20120201 17020677 2.750 20120101 17020678 2.750 20120101 17020679 2.750 20120101 17020840 2.250 20120201 17020841 2.250 20120201 17020842 2.250 20120201 17020680 2.750 20120101 17020843 2.250 20120201 17020681 2.250 20120101 17020844 2.250 20120201 17020682 2.250 20120101 17020845 2.250 20120201 17020683 2.250 20120201 17020846 2.250 20120201 17020684 2.250 20120201 17020685 2.250 20120101 17020848 2.250 20120201 17020686 2.250 20120201 17020849 2.250 20120201 17020687 2.250 20120201 17020688 2.250 20120101 17020689 2.250 20120201 17020850 2.250 20120201 17020657 2.250 20120101 17020495 2.250 20120101 17020819 2.250 20120201 17020658 2.250 20120101 17020496 2.250 20120201 17020659 2.250 20120201 17020497 2.250 20120101 17020492 2.250 20120101 17020816 2.250 20120201 17020655 2.250 20120101 17020493 2.250 20120101 17020817 2.250 20120201 17020656 2.250 20120101 17020494 2.250 20120101 17020812 2.250 20120101 17020651 2.250 20120201 17020813 2.250 20120201 17020814 2.250 20120201 17020652 2.250 20120201 17020490 2.250 20120101 17020491 2.250 20120101 17020815 2.250 20120201 17020654 2.250 20120101 17020500 2.250 20120201 17020501 2.250 20120101 17020502 2.250 20120101 17020503 2.250 20120101 17020504 2.250 20120101 17020505 2.250 20120101 17020506 2.250 20120101 17020507 2.250 20120101 17020508 2.250 20120201 17020509 2.250 20120101 17020510 2.250 20120101 17020511 2.250 20120101 17020512 2.250 20120101 17020513 2.250 20120101 17020514 2.250 20120101 17020515 2.250 20120201 17020516 2.250 20120101 17020517 2.250 20120201 17020518 2.250 20120101 17020519 2.250 20120101 17020520 2.250 20120101 17020521 2.250 20120101 17020522 2.250 20120101 17020523 2.250 20120101 17020524 2.250 20120101 17020525 2.250 20120201 17020526 2.250 20120201 17020527 2.250 20120101 17020528 2.250 20120201 17020529 2.250 20120101 17020530 2.250 20120201 17020531 2.250 20120101 17020532 2.250 20120101 17020533 2.250 20120101 17020534 2.250 20120201 17020535 2.250 20120101 17020536 2.250 20120101 17020537 2.250 20120201 17020538 2.250 20120101 17020539 2.250 20120101 17020700 2.250 20120201 17020701 2.250 20120201 17020702 2.250 20120201 17020540 2.250 20120201 17020703 2.250 20120201 17020541 2.250 20120201 17020704 2.250 20120201 17020542 2.250 20120201 17020705 2.250 20120101 17020543 2.250 20120101 17020706 2.250 20120101 17020544 2.250 20120101 17020707 2.250 20120201 17020545 2.250 20120101 17020708 2.250 20120201 17020546 2.250 20120201 17020547 2.250 20120101 17020385 2.250 20120201 17020548 2.250 20120101 17020386 2.250 20120201 17020549 2.250 20120101 17020387 2.250 20120101 17020388 2.250 20120201 17020389 2.250 20120101 17020710 2.750 20111101 17020711 2.250 20120201 17020550 2.250 20120101 17020712 2.250 20120201 17020551 2.250 20120101 17020713 2.250 20111101 17020714 2.250 20120201 17020552 2.250 20120101 17020715 2.250 20111101 17020553 2.250 20120101 17020391 2.250 20120101 17020392 2.250 20120101 17020554 2.250 20120201 17020716 2.250 20120201 17020717 2.250 20111101 17020555 2.250 20120101 17020393 2.250 20120201 17020718 2.250 20120201 17020556 2.250 20120101 17020394 2.250 20120101 17020395 2.250 20111101 17020557 2.250 20120101 17020719 2.250 20111101 17020558 2.250 20120201 17020397 2.250 20111101 17020559 2.250 20120101 17020398 2.250 20111101 17020399 2.250 20120201 17020720 2.250 20120201 17020721 2.250 20120201 17020722 2.250 20120201 17020560 2.250 20120201 17020723 2.250 20120201 17020561 2.250 20120201 17020724 2.250 20120201 17020562 2.250 20120101 17020725 2.250 20120101 17020563 2.250 20120101 17020726 2.250 20120201 17020564 2.250 20120201 17020727 2.250 20120201 17020565 2.250 20120201 17020728 2.250 20120201 17020566 2.250 20120201 17020729 2.250 20120101 17020567 2.250 20120101 17020568 2.250 20120101 17020569 2.250 20120101 17020730 2.250 20120201 17020731 2.250 20120201 17020732 2.250 20120201 17020570 2.250 20120201 17020733 2.250 20120101 17020571 2.250 20120101 17020734 2.250 20111201 17020572 2.250 20120101 17020735 2.250 20120201 17020573 2.250 20120201 17020736 2.250 20120201 17020487 2.250 20120101 17020488 2.250 20120101 17020489 2.250 20120101 17020810 2.250 20120101 17020811 2.250 20120201 17020650 2.250 20120201 17020791 2.250 20120201 17020792 2.250 20120201 17020793 2.250 20120201 17020794 2.250 20120201 17020795 2.250 20120201 17020796 2.250 20120201 17020797 2.250 20120101 17020798 2.250 20120201 17020799 2.250 20120201 17020790 2.250 20120201 17020646 2.250 20120201 17020484 2.250 20120101 17020808 2.250 20120201 17020647 2.250 20120101 17020485 2.250 20120101 17020809 2.250 20120201 17020648 2.250 20120101 17020486 2.250 20120101 17020649 2.250 20120101 17020781 2.250 20120201 17020782 2.250 20120201 17020783 2.250 20120201 17020784 2.250 20120201 17020785 2.250 20120201 17020786 2.250 20120201 17020787 2.250 20120201 17020788 2.250 20120101 17020789 2.250 20120201 17020612 2.250 20120101 17020450 2.250 20120101 17020613 2.250 20120101 17020451 2.250 20120101 17020614 2.250 20120101 17020452 2.250 20120101 17020615 2.250 20120201 17020453 2.250 20120101 17020616 2.250 20120101 17020454 2.250 20120101 17020617 2.250 20120201 17020455 2.250 20120101 17020456 2.250 20120101 17020618 2.875 20120101 17020619 2.250 20120101 17020457 2.250 20120101 17020458 2.250 20120201 17020459 2.250 20120101 17020620 2.250 20120101 17020621 2.250 20120101 17020622 2.250 20120101 17020460 2.250 20120101 17020623 2.250 20120201 17020461 2.250 20120101 17020624 2.250 20120201 17020462 2.250 20120101 17020625 2.250 20120101 17020463 2.250 20120101 17020626 2.250 20120201 17020464 2.250 20120101 17020627 2.250 20120101 17020465 2.250 20120101 17020628 2.250 20120101 17020466 2.250 20120101 17020629 2.250 20111101 17020467 2.250 20120201 17020468 2.250 20120101 17020469 2.250 20120101 17020630 2.250 20120101 17020631 2.250 20120101 17020632 2.250 20120101 17020470 2.250 20120101 17020633 2.250 20120201 17020471 2.250 20120101 17020634 2.250 20120201 17020472 2.250 20120101 17020635 2.250 20120201 17020473 2.250 20120101 17020636 2.250 20120201 17020474 2.250 20120101 17020637 2.250 20120201 17020475 2.250 20120101 17020638 2.250 20120101 17020476 2.250 20120201 17020477 2.250 20120101 17020478 2.250 20120101 17020479 2.250 20120101 17020800 2.250 20120101 17020801 2.250 20120101 17020640 2.250 20120201 17020802 2.250 20120101 17020641 2.250 20120101 17020803 2.250 20120201 17020642 2.250 20120201 17020480 2.250 20120201 17020804 2.250 20120201 17020643 2.250 20120101 17020481 2.250 20120101 17020805 2.250 20120101 17020644 2.250 20120201 17020482 2.250 20120101 17020806 2.250 20120201 17020645 2.250 20120101 17020483 2.250 20120101 17020807 2.250 20120201 17020436 2.250 20111201 17020437 2.250 20120101 17020438 2.250 20120101 17020439 2.250 20120101 17020600 2.250 20120101 17020601 2.250 20120201 17020602 2.250 20120201 17020440 2.875 20111201 17020603 2.250 20120101 17020441 2.250 20120201 17020604 2.250 20120201 17020442 2.250 20120101 17020605 2.250 20120201 17020606 2.250 20120101 17020444 2.250 20120101 17020607 2.250 20120101 17020445 2.750 20120101 17020608 2.250 20120101 17020446 2.250 20120101 17020609 2.250 20120101 17020447 2.250 20120101 17020448 2.250 20120101 17020449 2.250 20111201 17020610 2.250 20120201 17020611 2.250 20120101 17020771 2.250 20120201 17020772 2.250 20120201 17020773 2.250 20120201 17020774 2.250 20120201 17020775 2.250 20120201 17020777 2.250 20120201 17020778 2.250 20120201 17020779 2.250 20120201 17020780 2.250 20120201 17020400 2.250 20111201 17020401 2.250 20111201 17020402 2.250 20120201 17020403 2.250 20120101 17020404 2.250 20111201 17020405 2.250 20120201 17020406 2.250 20120301 17020407 2.250 20120201 17020408 2.250 20120201 17020409 2.250 20120201 17020410 2.250 20120201 17020411 2.250 20120101 17020412 2.250 20120201 17020413 2.250 20120201 17020415 2.250 20120101 17020416 2.250 20120101 17020417 2.250 20120201 17020418 2.250 20120201 17020419 2.250 20120201 17020420 2.250 20120201 17020421 2.250 20120201 17020422 2.250 20120201 17020423 2.250 20111101 17020424 2.250 20111201 17020425 2.250 20111201 17020427 2.250 20120101 17020428 2.250 20120101 17020429 2.250 20111201 17020430 2.250 20120101 17020431 2.250 20120101 17020432 2.250 20120101 17020433 2.250 20111201 17020434 2.250 20120101 17020761 2.250 20120201 17020762 2.250 20120201 17020763 2.250 20120201 17020764 2.250 20120201 17020765 2.250 20120101 17020766 2.250 20120101 17020767 2.250 20120201 17020768 2.250 20120201 17020769 2.250 20120201 17020770 2.250 20120101 17020851 2.250 20120201 17020852 2.250 20120201 17020690 2.250 20120101 17020853 2.250 20120201 17020691 2.250 20120101 17020854 2.250 20120201 17020692 2.250 20120201 17020855 2.250 20120201 17020693 2.250 20120201 17020856 2.250 20120201 17020694 2.250 20120101 17020857 2.250 20120201 17020695 2.250 20120101 17020858 2.250 20120201 17020696 2.250 20120201 17020859 2.250 20120201 17020697 2.250 20120201 17020698 2.250 20120201 17020699 2.250 20120201 17020860 2.250 20120201 17020861 2.250 20120201 17020862 2.250 20120201 17020740 2.250 20120201 17020741 2.250 20120201 17020742 2.250 20120201 17020580 2.250 20120101 17020743 2.250 20120201 17020581 2.250 20120101 17020744 2.250 20120201 17020582 2.250 20120201 17020745 2.250 20120301 17020583 2.250 20120201 17020746 2.250 20120201 17020584 2.250 20120101 17020747 2.250 20120201 17020585 2.250 20120101 17020748 2.250 20120201 17020586 2.250 20120201 17020749 2.250 20120201 17020587 2.250 20120201 17020588 2.250 20120101 17020589 2.250 20120201 17020750 2.250 20120201 17020751 2.250 20120201 17020590 2.250 20120101 17020752 2.250 20120101 17020591 2.250 20120101 17020753 2.250 20120101 17020592 2.250 20120101 17020754 2.250 20120201 17020593 2.250 20120101 17020755 2.250 20120201 17020594 2.250 20120201 17020756 2.250 20120201 17020595 2.250 20120101 17020757 2.250 20120201 17020596 2.250 20120101 17020758 2.250 20120201 17020597 2.250 20120101 17020759 2.250 20120201 17020598 2.250 20120101 17020599 2.250 20120201 17020760 2.250 20120201 17020738 2.250 20120101 17020576 2.250 20120101 17020739 2.250 20120201 17020577 2.250 20120201 17020578 2.250 20120101 17020390 2.250 20110701 17149253 2.250 20140401 17129133 2.250 20140201 17120372 2.250 20140301 17120377 2.250 20140301 17120399 2.250 20140301 17129138 2.250 20140301 17120386 2.250 20140301 17120389 2.250 20140301 17120412 2.750 20140301 17120421 2.250 20140301 17120390 2.250 20140301 17120391 2.250 20140301 17120392 2.250 20140301 17120393 2.250 20140301 17120394 2.250 20140301 17120395 2.250 20140301 17120397 2.250 20140301 17120398 2.250 20140301 17120385 2.250 20140301 17120387 2.250 20140301 17120388 2.250 20140301 17120384 2.250 20140301 17120330 2.250 20140201 17120331 2.250 20140301 17120332 2.250 20140201 17120333 2.250 20140201 17120334 2.250 20140301 17120335 2.250 20140201 17120336 2.250 20140201 17120337 2.250 20140301 17120338 2.250 20140201 17120339 2.250 20140301 17120341 2.250 20140301 17120342 2.250 20140201 17120343 2.250 20140301 17120344 2.250 20140201 17120346 2.250 20140201 17120347 2.250 20140201 17120348 2.250 20140301 17120349 2.250 20140301 17120350 2.250 20140301 17120351 2.250 20140201 17120353 2.250 20140301 17120354 2.250 20140301 17120355 2.250 20140301 17120356 2.250 20140301 17120357 2.250 20140301 17120358 2.250 20140201 17120359 2.250 20140301 17120360 2.250 20140301 17120361 2.250 20140301 17120362 2.250 20140301 17120363 2.250 20140301 17120364 2.250 20140301 17120365 2.250 20140301 17120366 2.250 20140301 17120367 2.250 20140301 17120370 2.250 20140301 17120371 2.250 20140301 17120373 2.250 20140301 17120374 2.250 20140201 17120375 2.250 20140301 17120376 2.250 20140301 17120378 2.250 20140301 17120379 2.250 20140301 17120380 2.250 20140401 17120381 2.250 20140301 17120382 2.250 20140301 17120383 2.250 20140301 17120327 2.250 20140201 17120328 2.250 20140101 17149240 2.250 20140401 17149241 2.250 20140301 17149242 2.250 20140301 17149243 2.250 20140301 17149244 2.250 20140401 17149245 2.250 20140401 17149246 2.250 20140401 17149247 2.250 20140401 17149248 2.250 20140401 17149249 2.250 20140401 17149250 2.250 20140401 17149251 2.250 20140401 17149252 2.250 20140401 17149100 2.250 20140401 17149101 2.250 20140401 17149102 2.250 20140401 17129130 2.250 20140301 17129131 2.250 20140301 17129132 2.250 20140301 17129134 2.250 20140301 17129135 2.250 20140201 17129136 2.250 20140401 17129137 2.250 20140201 17129139 2.250 20140301 17129140 2.250 20140301 17129141 2.250 20140301 17129142 2.250 20140301 17129144 2.250 20140401 17129145 2.250 20140301 17129127 2.250 20130901 17129128 2.250 20140201 17129129 2.250 20140301 17120410 2.250 20140301 17120411 2.250 20140301 17120413 2.250 20140301 17120414 2.250 20140301 17120415 2.250 20140301 17120416 2.250 20140301 17120417 2.250 20140301 17120418 2.250 20140301 17120419 2.250 20140401 17120420 2.250 20140301 17120422 2.250 20140301 17120423 2.250 20140301 17120424 2.250 20140301 17120425 2.250 20140301 17120426 2.250 20140301 17149077 2.250 20140301 17149078 2.250 20140301 17149079 2.250 20140301 17149080 2.750 20140301 17149081 2.250 20140301 17149082 2.250 20140301 17149083 2.250 20140301 17149084 2.250 20140301 17149086 2.250 20140401 17149087 2.250 20131201 17149088 2.250 20131201 17149089 2.250 20140301 17149090 2.250 20140301 17149091 2.250 20140301 17120401 2.250 20140301 17120402 2.250 20140301 17120403 2.250 20140401 17120404 2.250 20140301 17120405 2.250 20140301 17120406 2.250 20140301 17120407 2.250 20140301 17120408 2.250 20140301 17120409 2.250 20140301 17149092 2.250 20140301 17149093 2.250 20140401 17149094 2.250 20140401 17149095 2.250 20140401 17149096 2.250 20140401 17149097 2.250 20140301 17149098 2.250 20140301 17149099 2.250 20140401 17120498 2.250 20170201 17120455 2.250 20170301 17120477 2.250 20170301 17120490 2.250 20170301 17120532 2.875 20170301 17120544 2.250 20170301 17120540 2.250 20170301 17120541 2.250 20170301 17120542 2.250 20170301 17120543 2.250 20170301 17120545 2.250 20170301 17120546 2.250 20170301 17120547 2.250 20170301 17120548 2.250 20170301 17120549 2.250 20170301 17120550 2.250 20170301 17120551 2.250 20170301 17120552 2.250 20170301 17120553 2.250 20170301 17120554 2.250 20170301 17120555 2.250 20170301 17120556 2.250 20170301 17120557 2.250 20170301 17120558 2.250 20170301 17120559 2.250 20170301 17120560 2.250 20170301 17120561 2.250 20170301 17120562 2.250 20170301 17120563 2.250 20170301 17120564 2.250 20170301 17120565 2.250 20170301 17120566 2.250 20170301 17120567 2.250 20170301 17120568 2.250 20170301 17120569 2.250 20170301 17120570 2.250 20170301 17120571 2.250 20170301 17120572 2.250 20170301 17120573 2.250 20170301 17120574 2.250 20170301 17120575 2.250 20170301 17120576 2.250 20170301 17120526 2.250 20170201 17120527 2.250 20170301 17120528 2.250 20170301 17120529 2.250 20170301 17120530 2.250 20170301 17120531 2.250 20170301 17120533 2.250 20170301 17120534 2.250 20170301 17120535 2.250 20170301 17120536 2.250 20170301 17120537 2.250 20170301 17120538 2.250 20170301 17120539 2.250 20170301 17120510 2.250 20170301 17120511 2.250 20170201 17120512 2.250 20170301 17120513 2.250 20170301 17120514 2.250 20170301 17120515 2.250 20170301 17120516 2.250 20170301 17120517 2.250 20170201 17120518 2.250 20170201 17120519 2.250 20170301 17120520 2.250 20170301 17120521 2.250 20170301 17120522 2.250 20170301 17120523 2.250 20170201 17120524 2.250 20170301 17120525 2.250 20170301 17120500 2.250 20170301 17120501 2.250 20170201 17120502 2.250 20170301 17120503 2.250 20170201 17120504 2.250 20170201 17120505 2.250 20170301 17120506 2.250 20170201 17120507 2.250 20170201 17120508 2.250 20170301 17120509 2.250 20170301 17149110 2.250 20170401 17149111 2.250 20170401 17149112 2.250 20170401 17149113 2.250 20170401 17149103 2.250 20170301 17149105 2.250 20170401 17149106 2.250 20170401 17149107 2.250 20170401 17149108 2.250 20170301 17149109 2.250 20170401 17120450 2.250 20170201 17120451 2.250 20170201 17120452 2.250 20170301 17120453 2.250 20170201 17120454 2.250 20170301 17120456 2.250 20170301 17120457 2.250 20170201 17120458 2.250 20170301 17120459 2.250 20170301 17120460 2.250 20170301 17120461 2.250 20170301 17120462 2.250 20170301 17120463 2.250 20170301 17120464 2.250 20170201 17120465 2.250 20170101 17120466 2.250 20170301 17120467 2.250 20170301 17120468 2.250 20170301 17120469 2.250 20170301 17120470 2.250 20170301 17120471 2.250 20161201 17120472 2.250 20170201 17120473 2.250 20170201 17120474 2.250 20170201 17120476 2.250 20170101 17120478 2.250 20170301 17120479 2.250 20170201 17120480 2.250 20170201 17120481 2.250 20170301 17120482 2.250 20170201 17120483 2.250 20170201 17120484 2.250 20170201 17120485 2.250 20170201 17120486 2.250 20170301 17120487 2.250 20170301 17120488 2.250 20170301 17120489 2.250 20170201 17120491 2.250 20170301 17120492 2.250 20170301 17120493 2.250 20170301 17120494 2.250 20170201 17120495 2.250 20170301 17120496 2.250 20170301 17120499 2.250 20170301 17120429 2.250 20170201 17120430 2.250 20170101 17120431 2.250 20170301 17120432 2.250 20170101 17120433 2.250 20170301 17120434 2.250 20170301 17120436 2.250 20170201 17120437 2.250 20170201 17120438 2.250 20170101 17120440 2.250 20170201 17120441 2.250 20170201 17120442 2.250 20170201 17120443 2.250 20170301 17120444 2.250 20170201 17120445 2.250 20170201 17120446 2.250 20170301 17120447 2.250 20170201 17120448 2.250 20170201 17120449 2.250 20170201 17181086 2.250 20120401 17171924 2.250 20120301 17172078 2.250 20120401 17175048 2.250 20120401 17175049 2.250 20120401 17171987 2.250 20120301 17172020 2.250 20120401 17203440 2.250 20120401 17172004 2.250 20120301 17172023 2.250 20120401 17172005 2.250 20120301 17203443 2.250 20120401 17203445 2.250 20120401 17203409 2.250 20120401 17172044 2.250 20120401 17203427 2.250 20120401 17172008 2.250 20120401 17181117 2.250 20120401 17172064 2.250 20120401 17203267 2.250 20120201 17175071 2.250 20120401 17172065 2.250 20120401 17175054 2.250 20120401 17172048 2.250 20120401 17172049 2.250 20120401 17171951 2.250 20120301 17171995 2.250 20120301 17203410 2.250 20120401 17181120 2.250 20120401 17172112 2.250 20120401 17172014 2.250 20120401 17203451 2.250 20120401 17172051 2.250 20120401 17203255 2.250 20120101 17172053 2.250 20120401 17203437 2.250 20120401 17172036 2.250 20120401 17172136 2.250 20120401 17172073 2.250 20120401 17172055 2.250 20120401 17203294 2.250 20120401 17203278 2.250 20120401 17203359 2.250 20120401 17172039 2.250 20120401 17203396 2.250 20120401 17203423 2.250 20120401 17203388 2.250 20120401 17203364 2.250 20120401 17203354 2.250 20120301 17203317 2.250 20120401 17171965 2.750 20120301 17203331 2.250 20120201 17172132 2.250 20120401 17172133 2.250 20120401 17172127 2.250 20120401 17172130 2.250 20120401 17172104 2.250 20120401 17172114 2.250 20120401 17172125 2.250 20120401 17172126 2.250 20120401 17171998 2.250 20120401 17172001 2.250 20120301 17172002 2.250 20120301 17172010 2.250 20120401 17172022 2.250 20120401 17172033 2.250 20120401 17172041 2.250 20120401 17172057 2.250 20120301 17172061 2.250 20120401 17172068 2.250 20120401 17172074 2.250 20120401 17172084 2.250 20120401 17172086 2.250 20120401 17171926 2.250 20120301 17171946 2.250 20120301 17171952 2.250 20120301 17171957 2.250 20120401 17171960 2.250 20120301 17171979 2.250 20120401 17171980 2.250 20120301 17171983 2.250 20120301 17171990 2.250 20120401 17171992 2.250 20120401 17171922 2.250 20120401 17203303 2.250 20120301 17203452 2.250 20120401 17203340 2.250 20120301 17203351 2.250 20120301 17203283 2.250 20120401 17203252 2.250 20120401 17203412 2.250 20120401 17203321 2.250 20120401 17203385 2.250 20120401 17203392 2.250 20120401 17203401 2.250 20120401 17203435 2.250 20120401 17203383 2.250 20120401 17203323 2.250 20111101 17203449 2.250 20120401 17203328 2.250 20120301 17203339 2.250 20120101 17203315 2.250 20120401 17203257 2.250 20120101 17203295 2.250 20120401 17203290 2.250 20120301 17203299 2.250 20120301 17203424 2.250 20120401 17203379 2.250 20120401 17203256 2.250 20120201 17203422 2.625 20120401 17203253 2.250 20120201 17203312 2.250 20120401 17203293 2.250 20120401 17203418 2.250 20120401 17203314 2.250 20120401 17203448 2.250 20120401 17203384 2.250 20120401 17203281 2.250 20120301 17203348 2.250 20120201 17203390 2.250 20120401 17203310 2.250 20120401 17203363 2.250 20120301 17203425 2.250 20120401 17203373 2.250 20120401 17203266 2.250 20120101 17203358 2.250 20120401 17203429 2.250 20120401 17203371 2.250 20120401 17203337 2.250 20120301 17203421 2.250 20120401 17203430 2.250 20120401 17203247 2.250 20120201 17203320 2.250 20120401 17203405 2.250 20120401 17203270 2.250 20120301 17203362 2.250 20120401 17203361 2.250 20120301 17203272 2.250 20120301 17203350 2.250 20120201 17203403 2.250 20120401 17203301 2.250 20120401 17203349 2.250 20120301 17203338 2.250 20120301 17203345 2.250 20120201 17203307 2.250 20120401 17203357 2.250 20120301 17203442 2.250 20120401 17203277 2.250 20120301 17203280 2.250 20120301 17203344 2.250 20120401 17203381 2.250 20120401 17203436 2.250 20120401 17203333 2.250 20120401 17203316 2.250 20120401 17203305 2.250 20120401 17203292 2.250 20120301 17203419 2.250 20120401 17203433 2.250 20120401 17203438 2.250 20120401 17203284 2.750 20120201 17203275 2.250 20120301 17203411 2.250 20120401 17203324 2.250 20120401 17203408 2.250 20120401 17203300 2.250 20120301 17203273 2.250 20120301 17203446 2.250 20120401 17203415 2.250 20120401 17203389 2.250 20120401 17203398 2.250 20120401 17203274 2.250 20120401 17203318 2.875 20120401 17203391 2.250 20120401 17203399 2.250 20120401 17203450 2.250 20120401 17203447 2.250 20120401 17203453 2.250 20120401 17203428 2.250 20120401 17203313 2.250 20120401 17203431 2.250 20120401 17203417 2.250 20120401 17203343 2.250 20120201 17203360 2.250 20120401 17203416 2.250 20120401 17203406 2.250 20120401 17203367 2.250 20120401 17203380 2.250 20120401 17203286 2.250 20120401 17203330 2.250 20120301 17203249 2.250 20120301 17203342 2.250 20120101 17203346 2.250 20120301 17203264 2.250 20120201 17203322 2.250 20120401 17203397 2.250 20120401 17203407 2.250 20120401 17203336 2.250 20120301 17203374 2.250 20120401 17203329 2.250 20120301 17203327 2.250 20120401 17203369 2.250 20120401 17203335 2.250 20120401 17203291 2.250 20120301 17203289 2.250 20120301 17203372 2.250 20120401 17203296 2.250 20120401 17203254 2.250 20111201 17203444 2.250 20120401 17203365 2.250 20120401 17203259 2.250 20120201 17203366 2.250 20120401 17203353 2.250 20120401 17203285 2.250 20120401 17203352 2.250 20120301 17203306 2.250 20120401 17203414 2.250 20120401 17203393 2.250 20120401 17203382 2.250 20120401 17203302 2.250 20120301 17203356 2.250 20120401 17203387 2.250 20120401 17203377 2.250 20120401 17203308 2.750 20120301 17203276 2.250 20120301 17203288 2.250 20120401 17203378 2.250 20120401 17203376 2.250 20120401 17203370 2.250 20120401 17203248 2.250 20120101 17203341 2.250 20120201 17203334 2.250 20120301 17203395 2.250 20120401 17203332 2.250 20120401 17203309 2.250 20120201 17203375 2.250 20120401 17203279 2.250 20120401 17203386 2.250 20120401 17203311 2.250 20120401 17203420 2.250 20120401 17203402 2.250 20120401 17203439 2.250 20120401 17203297 2.250 20120301 17203282 2.250 20120301 17203368 2.250 20120401 17203394 2.250 20120401 17203400 2.250 20120401 17203355 2.250 20120401 17203404 2.250 20120401 17203426 2.250 20120401 17203298 2.250 20120301 17203304 2.250 20120401 17203434 2.250 20120401 17171962 2.250 20120401 17171963 2.250 20120401 17171966 2.250 20120401 17171967 2.250 20120401 17171968 2.250 20120401 17171969 2.250 20120401 17171970 2.250 20120401 17171971 2.250 20120401 17171973 2.250 20120401 17171974 2.250 20120401 17171978 2.250 20120401 17171982 2.250 20120401 17171985 2.250 20120401 17171986 2.250 20120401 17171988 2.250 20120401 17171989 2.250 20120401 17171991 2.250 20120401 17171993 2.250 20120401 17171996 2.250 20120401 17171999 2.250 20120401 17171950 2.250 20120301 17171955 2.250 20120301 17171916 2.250 20120301 17171917 2.250 20120401 17171918 2.250 20120401 17171919 2.250 20120401 17171920 2.250 20120401 17171921 2.250 20120401 17171923 2.250 20120401 17171925 2.250 20120201 17171927 2.250 20120401 17171933 2.250 20120301 17171935 2.250 20120401 17171937 2.250 20120401 17171939 2.250 20120401 17171945 2.250 20120401 17171949 2.250 20120401 17175070 2.250 20120401 17175072 2.250 20120401 17175056 2.250 20120401 17175057 2.250 20120401 17175059 2.250 20120401 17175060 2.250 20120401 17175061 2.250 20120401 17175062 2.250 20120401 17175063 2.250 20120401 17175064 2.250 20120401 17175065 2.250 20120401 17175066 2.250 20120401 17175067 2.250 20120401 17175068 2.250 20120401 17175069 2.250 20120401 17175031 2.250 20120301 17175032 2.250 20120401 17175034 2.250 20120401 17175035 2.250 20120401 17175036 2.250 20120401 17175037 2.250 20120401 17175040 2.250 20120401 17175041 2.250 20120401 17175042 2.250 20120401 17175043 2.250 20120401 17175045 2.250 20120401 17175046 2.250 20120401 17175047 2.250 20120401 17175050 2.250 20120401 17175051 2.250 20120401 17175052 2.250 20120401 17175053 2.250 20120401 17175024 3.250 20111001 17175025 2.250 20120401 17175026 2.250 20120401 17175027 2.250 20120401 17175028 2.250 20120201 17175029 2.250 20120401 17172120 2.250 20120401 17172121 2.250 20120401 17172122 2.250 20120401 17172123 2.250 20120401 17172124 2.250 20120401 17172128 2.250 20120401 17172129 2.250 20120401 17172131 2.250 20120401 17172134 2.250 20120401 17172135 2.250 20120401 17172137 2.250 20120401 17172138 2.250 20120401 17172139 2.250 20120401 17172100 2.250 20120401 17172101 2.250 20120401 17172102 2.250 20120401 17172103 2.250 20120401 17172105 2.250 20120401 17172106 2.250 20120401 17172107 2.250 20120401 17172108 2.250 20120401 17172109 2.250 20120401 17172110 2.250 20120401 17172111 2.250 20120401 17172113 2.250 20120401 17172115 2.250 20120401 17172116 2.250 20120401 17172117 2.250 20120401 17172119 2.250 20120401 17181161 2.250 20120401 17172090 2.250 20120401 17181162 2.250 20120301 17172091 2.250 20120401 17172092 2.250 20120401 17172093 2.250 20120401 17172094 2.250 20120401 17172095 2.250 20120401 17172097 2.250 20120401 17172098 2.250 20120401 17172099 2.250 20120401 17181150 2.250 20120401 17181151 2.250 20120401 17172080 2.250 20120401 17181152 2.250 20120401 17172081 2.250 20120401 17181153 2.250 20120401 17172082 2.250 20120401 17181154 2.250 20120401 17172083 2.250 20120401 17172085 2.250 20120401 17181158 2.250 20120401 17172087 2.250 20120401 17181159 2.250 20120401 17172088 2.250 20120401 17172089 2.250 20120401 17172060 2.250 20120401 17181132 2.250 20120401 17181133 2.250 20120401 17172062 2.250 20120401 17181134 2.250 20120401 17172063 2.250 20120401 17181135 2.250 20120401 17181136 2.250 20120401 17172066 2.250 20120401 17181138 2.250 20120401 17172067 2.250 20120401 17172069 2.250 20120401 17181140 2.250 20120401 17172070 2.250 20120401 17172071 2.250 20120401 17181143 2.250 20120401 17172072 2.250 20120401 17181145 2.250 20120401 17181146 2.250 20120401 17172075 2.250 20120401 17181147 2.250 20120401 17172076 2.250 20120401 17181148 2.250 20120401 17172077 2.250 20120401 17172079 2.250 20120401 17181130 2.250 20120401 17181131 2.250 20120401 17181121 2.250 20120401 17172050 2.250 20120401 17181122 2.250 20120401 17181123 2.250 20120401 17172052 2.250 20120401 17181124 2.250 20120401 17181125 2.250 20120401 17172054 2.250 20120401 17181126 2.250 20120401 17172056 2.250 20120401 17172059 2.250 20120401 17172047 2.250 20120401 17181119 2.250 20120401 17172021 2.250 20120401 17172024 2.250 20120401 17172025 2.250 20120401 17172026 2.250 20120401 17172027 2.250 20120401 17172028 2.250 20120301 17172029 2.250 20120401 17181100 2.250 20120401 17181101 2.250 20120401 17172030 2.250 20120401 17181102 2.250 20120401 17172031 2.250 20120401 17172032 2.250 20120401 17181104 2.250 20120401 17181105 2.250 20120401 17172034 2.250 20120401 17181106 2.250 20120401 17172035 2.250 20120401 17181107 2.250 20120401 17181108 2.250 20120401 17172037 2.250 20120401 17181109 2.250 20120401 17172038 2.250 20120401 17181110 2.250 20120401 17181111 2.250 20120401 17172040 2.250 20120401 17181112 2.250 20120401 17181113 2.250 20120401 17172042 2.250 20120401 17181114 2.250 20120401 17172043 2.250 20120401 17181115 2.250 20120401 17181116 2.250 20120401 17172045 2.250 20120401 17172046 2.250 20120401 17172017 2.250 20120401 17172018 2.250 20120401 17172019 2.250 20120401 17172000 3.250 20120301 17172006 2.250 20120401 17172007 2.250 20120401 17172009 2.250 20120401 17172011 2.250 20120401 17172013 2.250 20120401 17172015 2.250 20120401 17172016 2.250 20120401 17181088 2.250 20120401 17181090 2.250 20120401 17181092 2.250 20120401 17181093 2.250 20120401 17181094 2.250 20120401 17181095 2.250 20120401 17181096 2.250 20120401 17181097 2.250 20120401 17181099 2.250 20120401 17181082 2.250 20120401 17181083 2.250 20120401 17181084 2.250 20120401 17181085 2.250 20120401 17172140 2.250 20120401 17172141 2.250 20120401 17172142 2.250 20120401 17175038 2.250 20120401 17175039 2.250 20120301 17175044 2.250 20120401 17175073 2.250 20120401 17181098 2.250 20120301 17181103 2.250 20120401 17181118 2.250 20120401 17181128 2.250 20120401 17181129 2.250 20120401 17181137 2.250 20120401 17181139 2.250 20120401 17181144 2.250 20120401 17181149 2.250 20120401 17181155 2.250 20120401 17181156 2.250 20120401 17181157 2.250 20120401 17181160 2.250 20120401 17171928 2.250 20120301 17171929 2.250 20120301 17171930 2.250 20120301 17171931 2.250 20120301 17171932 2.250 20120301 17171934 2.250 20120301 17171936 2.250 20120301 17171938 2.250 20120301 17171940 2.250 20120301 17171941 2.250 20120301 17171942 2.250 20120301 17171943 2.250 20120301 17171944 2.250 20120301 17171947 2.250 20120301 17171948 2.250 20120301 17171953 2.250 20120301 17171954 2.250 20120301 17171956 2.250 20120301 17171958 2.250 20120301 17171959 2.250 20120301 17171961 2.250 20120301 17171964 2.250 20120301 17171975 2.250 20120301 17171976 2.250 20120301 17171977 2.250 20120301 17171981 2.250 20120301 17171984 2.250 20120301 17171994 2.250 20120301 17171997 2.250 20120301 17172003 2.250 20120301 17172058 2.250 20120301 17175030 2.250 20120301 17175033 2.250 20120301 17175055 2.250 20120301 17181087 2.250 20120301 17181089 2.250 20120301 17181091 2.250 20120301 17181127 2.250 20120301 17172118 2.250 20120401 17181142 2.250 20120401 LOAN_SEQ NEXT_PAY_ADJ_DATE1 MAX_RATE 17020574 20120301 11.3750 17020737 20120301 10.3750 17020575 20120301 10.7500 17020498 20120201 11.2500 17020499 20120301 10.7500 17020820 20120301 10.6250 17020821 20120301 10.8750 17020660 20120301 11.6250 17020822 20120301 10.7500 17020661 20120201 10.7500 17020823 20120301 11.0000 17020662 20120301 11.1250 17020824 20120301 10.8750 17020663 20120201 11.2500 17020825 20120201 10.7500 17020664 20120301 11.3750 17020826 20120301 10.8750 17020665 20120301 10.7500 17020827 20120301 11.0000 17020828 20120301 10.8750 17020667 20120201 11.0000 17020829 20120301 10.3750 17020668 20120201 11.3750 17020669 20120201 10.8750 17020830 20120301 10.7500 17020831 20120301 10.8750 17020670 20120201 10.8750 17020832 20120301 11.2500 17020833 20120301 10.8750 17020671 20120301 11.0000 17020834 20120301 10.8750 17020672 20120301 11.3750 17020835 20120301 11.2500 17020673 20120201 10.2500 17020836 20120201 11.0000 17020674 20120201 10.8750 17020837 20120301 11.1250 17020675 20120301 10.8750 17020838 20120301 10.5000 17020676 20120301 11.0000 17020839 20120301 10.3750 17020677 20120201 11.6250 17020678 20120201 11.6250 17020679 20120201 11.3750 17020840 20120301 10.8750 17020841 20120301 10.8750 17020842 20120301 10.7500 17020680 20120201 11.8750 17020843 20120301 10.8750 17020681 20120201 11.2500 17020844 20120301 11.0000 17020682 20120201 11.0000 17020845 20120301 11.0000 17020683 20120301 10.6250 17020846 20120301 10.3750 17020684 20120301 10.8750 17020685 20120201 10.8750 17020848 20120301 11.3750 17020686 20120301 11.2500 17020849 20120301 11.2500 17020687 20120301 11.2500 17020688 20120201 11.5000 17020689 20120301 11.0000 17020850 20120301 10.8750 17020657 20120201 10.8750 17020495 20120201 11.0000 17020819 20120301 11.1250 17020658 20120201 11.3750 17020496 20120301 11.0000 17020659 20120301 11.0000 17020497 20120201 11.0000 17020492 20120201 10.7500 17020816 20120301 10.8750 17020655 20120201 11.1250 17020493 20120201 11.2500 17020817 20120301 10.2500 17020656 20120201 11.2500 17020494 20120201 11.1250 17020812 20120201 11.3750 17020651 20120301 11.5000 17020813 20120301 11.1250 17020814 20120301 10.8750 17020652 20120301 11.2500 17020490 20120201 10.5000 17020491 20120201 10.6250 17020815 20120301 10.7500 17020654 20120201 11.3750 17020500 20120301 11.1250 17020501 20120201 11.6250 17020502 20120201 11.7500 17020503 20120201 10.5000 17020504 20120201 11.1250 17020505 20120201 11.2500 17020506 20120201 10.8750 17020507 20120201 11.1250 17020508 20120301 10.8750 17020509 20120201 11.2500 17020510 20120201 10.6250 17020511 20120201 11.1250 17020512 20120201 11.1250 17020513 20120201 10.7500 17020514 20120201 10.0000 17020515 20120301 11.2500 17020516 20120201 11.0000 17020517 20120301 11.1250 17020518 20120201 11.0000 17020519 20120201 10.3750 17020520 20120201 10.7500 17020521 20120201 11.8750 17020522 20120201 10.8750 17020523 20120201 11.1250 17020524 20120201 11.2500 17020525 20120301 11.2500 17020526 20120301 10.6250 17020527 20120201 10.7500 17020528 20120301 10.0000 17020529 20120201 10.3750 17020530 20120301 11.2500 17020531 20120201 10.8750 17020532 20120201 11.7500 17020533 20120201 10.8750 17020534 20120301 11.2500 17020535 20120201 10.7500 17020536 20120201 11.2500 17020537 20120301 10.8750 17020538 20120201 10.2500 17020539 20120201 11.1250 17020700 20120301 10.8750 17020701 20120301 10.2500 17020702 20120301 11.1250 17020540 20120301 10.8750 17020703 20120301 11.3750 17020541 20120301 10.8750 17020704 20120301 11.5000 17020542 20120301 10.7500 17020705 20120201 10.8750 17020543 20120201 11.3750 17020706 20120201 10.8750 17020544 20120201 10.8750 17020707 20120301 11.6250 17020545 20120201 11.0000 17020708 20120301 11.0000 17020546 20120301 10.8750 17020547 20120201 10.2500 17020385 20120301 11.1250 17020548 20120201 10.6250 17020386 20120301 10.2500 17020549 20120201 11.3750 17020387 20120201 11.0000 17020388 20120301 10.3750 17020389 20120201 9.7500 17020710 20111201 11.2500 17020711 20120301 10.7500 17020550 20120201 10.8750 17020712 20120301 10.5000 17020551 20120201 10.8750 17020713 20111201 11.0000 17020714 20120301 10.7500 17020552 20120201 10.1250 17020715 20111201 10.0000 17020553 20120201 10.6250 17020391 20120201 10.5000 17020392 20120201 10.8750 17020554 20120301 10.8750 17020716 20120301 11.5000 17020717 20111201 10.6250 17020555 20120201 11.1250 17020393 20120301 10.6250 17020718 20120301 9.8750 17020556 20120201 11.2500 17020394 20120201 11.5000 17020395 20111201 11.3750 17020557 20120201 11.2500 17020719 20111201 11.1250 17020558 20120301 10.7500 17020397 20111201 11.3750 17020559 20120201 10.7500 17020398 20111201 10.8750 17020399 20120301 10.8750 17020720 20120301 11.3750 17020721 20120301 11.0000 17020722 20120301 10.7500 17020560 20120301 11.3750 17020723 20120301 11.2500 17020561 20120301 10.7500 17020724 20120301 10.8750 17020562 20120201 10.2500 17020725 20120201 11.2500 17020563 20120201 10.7500 17020726 20120301 10.8750 17020564 20120301 10.8750 17020727 20120301 10.8750 17020565 20120301 11.2500 17020728 20120301 11.5000 17020566 20120301 11.3750 17020729 20120201 10.1250 17020567 20120201 10.8750 17020568 20120201 10.6250 17020569 20120201 10.6250 17020730 20120301 11.7500 17020731 20120301 9.7500 17020732 20120301 11.1250 17020570 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11.3750 17203439 20120501 10.7500 17203297 20120401 11.5000 17203282 20120401 11.3750 17203368 20120501 10.8750 17203394 20120501 10.7500 17203400 20120501 10.8750 17203355 20120501 10.5000 17203404 20120501 10.7500 17203426 20120501 10.2500 17203298 20120401 11.1250 17203304 20120501 10.7500 17203434 20120501 10.6250 17171962 20120501 11.1250 17171963 20120501 11.2500 17171966 20120501 11.1250 17171967 20120501 10.8750 17171968 20120501 11.1250 17171969 20120501 10.8750 17171970 20120501 10.7500 17171971 20120501 11.3750 17171973 20120501 10.8750 17171974 20120501 11.5000 17171978 20120501 10.8750 17171982 20120501 10.7500 17171985 20120501 11.5000 17171986 20120501 11.2500 17171988 20120501 10.2500 17171989 20120501 10.8750 17171991 20120501 10.8750 17171993 20120501 10.8750 17171996 20120501 11.3750 17171999 20120501 10.8750 17171950 20120401 12.1250 17171955 20120401 11.0000 17171916 20120401 10.1250 17171917 20120501 11.0000 17171918 20120501 10.3750 17171919 20120501 10.5000 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20120501 11.2500 17175050 20120501 11.2500 17175051 20120501 9.7500 17175052 20120501 11.0000 17175053 20120501 11.0000 17175024 20111101 12.5000 17175025 20120501 10.5000 17175026 20120501 10.8750 17175027 20120501 11.2500 17175028 20120301 10.6250 17175029 20120501 10.0000 17172120 20120501 11.3750 17172121 20120501 11.0000 17172122 20120501 10.6250 17172123 20120501 11.6250 17172124 20120501 11.2500 17172128 20120501 11.2500 17172129 20120501 11.6250 17172131 20120501 10.7500 17172134 20120501 10.8750 17172135 20120501 13.1250 17172137 20120501 10.7500 17172138 20120501 11.0000 17172139 20120501 11.8750 17172100 20120501 10.7500 17172101 20120501 10.7500 17172102 20120501 10.2500 17172103 20120501 10.6250 17172105 20120501 11.2500 17172106 20120501 11.5000 17172107 20120501 10.7500 17172108 20120501 11.0000 17172109 20120501 10.7500 17172110 20120501 11.1250 17172111 20120501 10.5000 17172113 20120501 10.5000 17172115 20120501 11.0000 17172116 20120501 10.7500 17172117 20120501 10.7500 17172119 20120501 11.2500 17181161 20120501 11.5000 17172090 20120501 11.0000 17181162 20120401 11.3750 17172091 20120501 11.1250 17172092 20120501 10.8750 17172093 20120501 11.2500 17172094 20120501 10.8750 17172095 20120501 10.3750 17172097 20120501 9.7500 17172098 20120501 11.5000 17172099 20120501 9.7500 17181150 20120501 10.8750 17181151 20120501 10.7500 17172080 20120501 10.5000 17181152 20120501 11.3750 17172081 20120501 10.6250 17181153 20120501 10.6250 17172082 20120501 10.8750 17181154 20120501 10.7500 17172083 20120501 11.1250 17172085 20120501 10.7500 17181158 20120501 10.6250 17172087 20120501 11.2500 17181159 20120501 11.5000 17172088 20120501 11.3750 17172089 20120501 11.2500 17172060 20120501 11.2500 17181132 20120501 11.0000 17181133 20120501 10.6250 17172062 20120501 11.6250 17181134 20120501 10.6250 17172063 20120501 9.8750 17181135 20120501 10.7500 17181136 20120501 11.3750 17172066 20120501 11.1250 17181138 20120501 11.3750 17172067 20120501 10.8750 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20120501 11.1250 17181102 20120501 10.8750 17172031 20120501 10.7500 17172032 20120501 10.6250 17181104 20120501 11.0000 17181105 20120501 11.1250 17172034 20120501 11.6250 17181106 20120501 10.5000 17172035 20120501 11.1250 17181107 20120501 11.2500 17181108 20120501 10.8750 17172037 20120501 10.8750 17181109 20120501 11.1250 17172038 20120501 11.2500 17181110 20120501 11.2500 17181111 20120501 10.5000 17172040 20120501 10.6250 17181112 20120501 12.2500 17181113 20120501 10.0000 17172042 20120501 10.5000 17181114 20120501 10.7500 17172043 20120501 11.1250 17181115 20120501 10.8750 17181116 20120501 11.0000 17172045 20120501 11.5000 17172046 20120501 9.7500 17172017 20120501 11.0000 17172018 20120501 10.7500 17172019 20120501 11.2500 17172000 20120401 11.8750 17172006 20120501 10.8750 17172007 20120501 10.6250 17172009 20120501 10.6250 17172011 20120501 10.8750 17172013 20120501 11.6250 17172015 20120501 10.8750 17172016 20120501 10.6250 17181088 20120501 10.8750 17181090 20120501 10.8750 17181092 20120501 11.1250 17181093 20120501 11.5000 17181094 20120501 11.7500 17181095 20120501 10.8750 17181096 20120501 10.5000 17181097 20120501 11.1250 17181099 20120501 10.3750 17181082 20120501 10.8750 17181083 20120501 10.8750 17181084 20120501 11.6250 17181085 20120501 11.1250 17172140 20120501 11.2500 17172141 20120501 11.5000 17172142 20120501 10.8750 17175038 20120501 11.2500 17175039 20120401 11.3750 17175044 20120501 9.7500 17175073 20120501 11.2500 17181098 20120401 11.3750 17181103 20120501 10.8750 17181118 20120501 11.0000 17181128 20120501 10.8750 17181129 20120501 10.8750 17181137 20120501 10.8750 17181139 20120501 10.0000 17181144 20120501 10.8750 17181149 20120501 11.2500 17181155 20120501 11.5000 17181156 20120501 11.2500 17181157 20120501 10.5000 17181160 20120501 11.0000 17171928 20120401 11.1250 17171929 20120401 11.1250 17171930 20120401 10.6250 17171931 20120401 10.0000 17171932 20120401 11.6250 17171934 20120401 11.5000 17171936 20120401 11.2500 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17020820 2.0665 2.0000 17020821 2.0665 2.0000 17020660 2.0665 2.0000 17020822 2.0665 2.0000 17020661 2.0665 2.0000 17020823 2.0665 2.0000 17020662 2.0665 2.0000 17020824 2.0665 2.0000 17020663 2.0665 2.0000 17020825 2.0665 2.0000 17020664 2.0665 2.0000 17020826 2.0665 2.0000 17020665 2.0665 2.0000 17020827 2.0665 2.0000 17020828 2.0665 2.0000 17020667 2.0665 2.0000 17020829 2.0665 2.0000 17020668 2.0665 2.0000 17020669 2.0665 2.0000 17020830 2.0665 2.0000 17020831 2.0665 2.0000 17020670 2.0665 2.0000 17020832 2.0665 2.0000 17020833 2.0665 2.0000 17020671 2.0665 2.0000 17020834 2.0665 2.0000 17020672 2.0665 2.0000 17020835 2.0665 2.0000 17020673 2.0665 2.0000 17020836 2.1765 2.0000 17020674 2.0665 2.0000 17020837 2.0665 2.0000 17020675 2.0665 2.0000 17020838 2.0665 2.0000 17020676 2.0665 2.0000 17020839 2.0665 2.0000 17020677 2.5665 1.0000 17020678 2.5665 1.0000 17020679 2.5665 1.0000 17020840 2.0665 2.0000 17020841 2.0665 2.0000 17020842 2.0665 2.0000 17020680 2.5665 1.0000 17020843 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17171919 2.0665 2.0000 17171920 2.0665 2.0000 17171921 2.0665 2.0000 17171923 2.0665 2.0000 17171925 2.0665 2.0000 17171927 2.0665 2.0000 17171933 2.0665 2.0000 17171935 2.0665 2.0000 17171937 2.0665 2.0000 17171939 2.0665 2.0000 17171945 2.0665 2.0000 17171949 2.0665 2.0000 17175070 2.0665 2.0000 17175072 2.0665 2.0000 17175056 2.0665 2.0000 17175057 2.0665 2.0000 17175059 2.0665 2.0000 17175060 2.0665 2.0000 17175061 2.0665 2.0000 17175062 2.0665 2.0000 17175063 2.0665 2.0000 17175064 2.0665 2.0000 17175065 2.0665 2.0000 17175066 2.0665 2.0000 17175067 2.0665 2.0000 17175068 2.0665 2.0000 17175069 2.0665 2.0000 17175031 2.0665 2.0000 17175032 2.0665 2.0000 17175034 2.0665 2.0000 17175035 2.0665 2.0000 17175036 2.0665 2.0000 17175037 2.0665 2.0000 17175040 2.0665 2.0000 17175041 2.0665 2.0000 17175042 2.0665 2.0000 17175043 2.0665 2.0000 17175045 2.0665 2.0000 17175046 2.0665 2.0000 17175047 2.0665 2.0000 17175050 2.0665 2.0000 17175051 2.0665 2.0000 17175052 2.0665 2.0000 17175053 2.0665 2.0000 17175024 3.0665 2.0000 17175025 2.0665 2.0000 17175026 2.0665 2.0000 17175027 2.0665 2.0000 17175028 2.0665 2.0000 17175029 2.0665 2.0000 17172120 2.0665 2.0000 17172121 2.0665 2.0000 17172122 2.0665 2.0000 17172123 2.0665 2.0000 17172124 2.0665 2.0000 17172128 2.0665 2.0000 17172129 2.0665 2.0000 17172131 2.0665 2.0000 17172134 2.0665 2.0000 17172135 2.0665 2.0000 17172137 2.0665 2.0000 17172138 2.0665 2.0000 17172139 2.0665 2.0000 17172100 2.0665 2.0000 17172101 2.0665 2.0000 17172102 2.0665 2.0000 17172103 2.0665 2.0000 17172105 2.0665 2.0000 17172106 2.0665 2.0000 17172107 2.0665 2.0000 17172108 2.0665 2.0000 17172109 2.0665 2.0000 17172110 2.0665 2.0000 17172111 2.0665 2.0000 17172113 2.0665 2.0000 17172115 2.0665 2.0000 17172116 2.0665 2.0000 17172117 2.0665 2.0000 17172119 2.0665 2.0000 17181161 2.0665 2.0000 17172090 2.0665 2.0000 17181162 2.0665 2.0000 17172091 2.0665 2.0000 17172092 2.0665 2.0000 17172093 2.0665 2.0000 17172094 2.0665 2.0000 17172095 2.0665 2.0000 17172097 2.0665 2.0000 17172098 2.0665 2.0000 17172099 2.0665 2.0000 17181150 2.0665 2.0000 17181151 2.0665 2.0000 17172080 2.0665 2.0000 17181152 2.0665 2.0000 17172081 2.0665 2.0000 17181153 2.0665 2.0000 17172082 2.0665 2.0000 17181154 2.0665 2.0000 17172083 2.0665 2.0000 17172085 2.0665 2.0000 17181158 2.0665 2.0000 17172087 2.0665 2.0000 17181159 2.0665 2.0000 17172088 2.0665 2.0000 17172089 2.0665 2.0000 17172060 2.0665 2.0000 17181132 2.0665 2.0000 17181133 2.0665 2.0000 17172062 2.0665 2.0000 17181134 2.0665 2.0000 17172063 2.0665 2.0000 17181135 2.0665 2.0000 17181136 2.0665 2.0000 17172066 2.0665 2.0000 17181138 2.0665 2.0000 17172067 2.0665 2.0000 17172069 2.0665 2.0000 17181140 2.0665 2.0000 17172070 2.0665 2.0000 17172071 2.0665 2.0000 17181143 2.0665 2.0000 17172072 2.0665 2.0000 17181145 2.0665 2.0000 17181146 2.0665 2.0000 17172075 2.0665 2.0000 17181147 2.0665 2.0000 17172076 2.0665 2.0000 17181148 2.0665 2.0000 17172077 2.0665 2.0000 17172079 2.0665 2.0000 17181130 2.0665 2.0000 17181131 2.0665 2.0000 17181121 2.0665 2.0000 17172050 2.0665 2.0000 17181122 2.0665 2.0000 17181123 2.0665 2.0000 17172052 2.0665 2.0000 17181124 2.0665 2.0000 17181125 2.0665 2.0000 17172054 2.0665 2.0000 17181126 2.0665 2.0000 17172056 2.0665 2.0000 17172059 2.0665 2.0000 17172047 2.0665 2.0000 17181119 2.0665 2.0000 17172021 2.0665 2.0000 17172024 2.0665 2.0000 17172025 2.0665 2.0000 17172026 2.0665 2.0000 17172027 2.0665 2.0000 17172028 2.0665 2.0000 17172029 2.0665 2.0000 17181100 2.0665 2.0000 17181101 2.0665 2.0000 17172030 2.0665 2.0000 17181102 2.0665 2.0000 17172031 2.0665 2.0000 17172032 2.0665 2.0000 17181104 2.0665 2.0000 17181105 2.0665 2.0000 17172034 2.0665 2.0000 17181106 2.0665 2.0000 17172035 2.0665 2.0000 17181107 2.0665 2.0000 17181108 2.0665 2.0000 17172037 2.0665 2.0000 17181109 2.0665 2.0000 17172038 2.0665 2.0000 17181110 2.0665 2.0000 17181111 2.0665 2.0000 17172040 2.0665 2.0000 17181112 2.0665 2.0000 17181113 2.0665 2.0000 17172042 2.0665 2.0000 17181114 2.0665 2.0000 17172043 2.0665 2.0000 17181115 2.0665 2.0000 17181116 2.0665 2.0000 17172045 2.0665 2.0000 17172046 2.0665 2.0000 17172017 2.0665 2.0000 17172018 2.0665 2.0000 17172019 2.0665 2.0000 17172000 3.0665 2.0000 17172006 2.0665 2.0000 17172007 2.0665 2.0000 17172009 2.0665 2.0000 17172011 2.0665 2.0000 17172013 2.0665 2.0000 17172015 2.0665 2.0000 17172016 2.0665 2.0000 17181088 2.0665 2.0000 17181090 2.0665 2.0000 17181092 2.0665 2.0000 17181093 2.0665 2.0000 17181094 2.0665 2.0000 17181095 2.0665 2.0000 17181096 2.0665 2.0000 17181097 2.0665 2.0000 17181099 2.0665 2.0000 17181082 2.0665 2.0000 17181083 2.0665 2.0000 17181084 2.0665 2.0000 17181085 2.0665 2.0000 17172140 2.0665 2.0000 17172141 2.0665 2.0000 17172142 2.0665 2.0000 17175038 2.0665 2.0000 17175039 2.0665 2.0000 17175044 2.0665 2.0000 17175073 2.0665 2.0000 17181098 2.0665 2.0000 17181103 2.0665 2.0000 17181118 2.0665 2.0000 17181128 2.0665 2.0000 17181129 2.0665 2.0000 17181137 2.0665 2.0000 17181139 2.0665 2.0000 17181144 2.0665 2.0000 17181149 2.0665 2.0000 17181155 2.0665 2.0000 17181156 2.0665 2.0000 17181157 2.0665 2.0000 17181160 2.0665 2.0000 17171928 2.0665 2.0000 17171929 2.0665 2.0000 17171930 2.0665 2.0000 17171931 2.0665 2.0000 17171932 2.0665 2.0000 17171934 2.0665 2.0000 17171936 2.0665 2.0000 17171938 2.0665 2.0000 17171940 2.0665 2.0000 17171941 2.0665 2.0000 17171942 2.0665 2.0000 17171943 2.0665 2.0000 17171944 2.0665 2.0000 17171947 2.0665 2.0000 17171948 2.0665 2.0000 17171953 2.0665 2.0000 17171954 2.0665 2.0000 17171956 2.0665 2.0000 17171958 2.0665 2.0000 17171959 2.0665 2.0000 17171961 2.0665 2.0000 17171964 2.0665 2.0000 17171975 2.0665 2.0000 17171976 2.0665 2.0000 17171977 2.0665 2.0000 17171981 2.0665 2.0000 17171984 2.0665 2.0000 17171994 2.0665 1.0000 17171997 2.0665 2.0000 17172003 2.0665 2.0000 17172058 2.0665 2.0000 17175030 2.0665 2.0000 17175033 2.0665 2.0000 17175055 2.0665 2.0000 17181087 2.0665 2.0000 17181089 2.0665 2.0000 17181091 2.0665 2.0000 17181127 2.0665 2.0000 17172118 2.0665 2.0000 17181142 2.0665 2.0000 LOAN_SEQ SUB_GROUP1 NEG_AM 17020574 G01 No 17020737 G01 No 17020575 G01 No 17020498 G01 No 17020499 G01 No 17020820 G01 No 17020821 G01 No 17020660 G01 No 17020822 G01 No 17020661 G01 No 17020823 G01 No 17020662 G01 No 17020824 G01 No 17020663 G01 No 17020825 G01 No 17020664 G01 No 17020826 G01 No 17020665 G01 No 17020827 G01 No 17020828 G01 No 17020667 G01 No 17020829 G01 No 17020668 G01 No 17020669 G01 No 17020830 G01 No 17020831 G01 No 17020670 G01 No 17020832 G01 No 17020833 G01 No 17020671 G01 No 17020834 G01 No 17020672 G01 No 17020835 G01 No 17020673 G01 No 17020836 G01 No 17020674 G01 No 17020837 G01 No 17020675 G01 No 17020838 G01 No 17020676 G01 No 17020839 G01 No 17020677 G01 No 17020678 G01 No 17020679 G01 No 17020840 G01 No 17020841 G01 No 17020842 G01 No 17020680 G01 No 17020843 G01 No 17020681 G01 No 17020844 G01 No 17020682 G01 No 17020845 G01 No 17020683 G01 No 17020846 G01 No 17020684 G01 No 17020685 G01 No 17020848 G01 No 17020686 G01 No 17020849 G01 No 17020687 G01 No 17020688 G01 No 17020689 G01 No 17020850 G01 No 17020657 G01 No 17020495 G01 No 17020819 G01 No 17020658 G01 No 17020496 G01 No 17020659 G01 No 17020497 G01 No 17020492 G01 No 17020816 G01 No 17020655 G01 No 17020493 G01 No 17020817 G01 No 17020656 G01 No 17020494 G01 No 17020812 G01 No 17020651 G01 No 17020813 G01 No 17020814 G01 No 17020652 G01 No 17020490 G01 No 17020491 G01 No 17020815 G01 No 17020654 G01 No 17020500 G01 No 17020501 G01 No 17020502 G01 No 17020503 G01 No 17020504 G01 No 17020505 G01 No 17020506 G01 No 17020507 G01 No 17020508 G01 No 17020509 G01 No 17020510 G01 No 17020511 G01 No 17020512 G01 No 17020513 G01 No 17020514 G01 No 17020515 G01 No 17020516 G01 No 17020517 G01 No 17020518 G01 No 17020519 G01 No 17020520 G01 No 17020521 G01 No 17020522 G01 No 17020523 G01 No 17020524 G01 No 17020525 G01 No 17020526 G01 No 17020527 G01 No 17020528 G01 No 17020529 G01 No 17020530 G01 No 17020531 G01 No 17020532 G01 No 17020533 G01 No 17020534 G01 No 17020535 G01 No 17020536 G01 No 17020537 G01 No 17020538 G01 No 17020539 G01 No 17020700 G01 No 17020701 G01 No 17020702 G01 No 17020540 G01 No 17020703 G01 No 17020541 G01 No 17020704 G01 No 17020542 G01 No 17020705 G01 No 17020543 G01 No 17020706 G01 No 17020544 G01 No 17020707 G01 No 17020545 G01 No 17020708 G01 No 17020546 G01 No 17020547 G01 No 17020385 G01 No 17020548 G01 No 17020386 G01 No 17020549 G01 No 17020387 G01 No 17020388 G01 No 17020389 G01 No 17020710 G01 No 17020711 G01 No 17020550 G01 No 17020712 G01 No 17020551 G01 No 17020713 G01 No 17020714 G01 No 17020552 G01 No 17020715 G01 No 17020553 G01 No 17020391 G01 No 17020392 G01 No 17020554 G01 No 17020716 G01 No 17020717 G01 No 17020555 G01 No 17020393 G01 No 17020718 G01 No 17020556 G01 No 17020394 G01 No 17020395 G01 No 17020557 G01 No 17020719 G01 No 17020558 G01 No 17020397 G01 No 17020559 G01 No 17020398 G01 No 17020399 G01 No 17020720 G01 No 17020721 G01 No 17020722 G01 No 17020560 G01 No 17020723 G01 No 17020561 G01 No 17020724 G01 No 17020562 G01 No 17020725 G01 No 17020563 G01 No 17020726 G01 No 17020564 G01 No 17020727 G01 No 17020565 G01 No 17020728 G01 No 17020566 G01 No 17020729 G01 No 17020567 G01 No 17020568 G01 No 17020569 G01 No 17020730 G01 No 17020731 G01 No 17020732 G01 No 17020570 G01 No 17020733 G01 No 17020571 G01 No 17020734 G01 No 17020572 G01 No 17020735 G01 No 17020573 G01 No 17020736 G01 No 17020487 G01 No 17020488 G01 No 17020489 G01 No 17020810 G01 No 17020811 G01 No 17020650 G01 No 17020791 G01 No 17020792 G01 No 17020793 G01 No 17020794 G01 No 17020795 G01 No 17020796 G01 No 17020797 G01 No 17020798 G01 No 17020799 G01 No 17020790 G01 No 17020646 G01 No 17020484 G01 No 17020808 G01 No 17020647 G01 No 17020485 G01 No 17020809 G01 No 17020648 G01 No 17020486 G01 No 17020649 G01 No 17020781 G01 No 17020782 G01 No 17020783 G01 No 17020784 G01 No 17020785 G01 No 17020786 G01 No 17020787 G01 No 17020788 G01 No 17020789 G01 No 17020612 G01 No 17020450 G01 No 17020613 G01 No 17020451 G01 No 17020614 G01 No 17020452 G01 No 17020615 G01 No 17020453 G01 No 17020616 G01 No 17020454 G01 No 17020617 G01 No 17020455 G01 No 17020456 G01 No 17020618 G01 No 17020619 G01 No 17020457 G01 No 17020458 G01 No 17020459 G01 No 17020620 G01 No 17020621 G01 No 17020622 G01 No 17020460 G01 No 17020623 G01 No 17020461 G01 No 17020624 G01 No 17020462 G01 No 17020625 G01 No 17020463 G01 No 17020626 G01 No 17020464 G01 No 17020627 G01 No 17020465 G01 No 17020628 G01 No 17020466 G01 No 17020629 G01 No 17020467 G01 No 17020468 G01 No 17020469 G01 No 17020630 G01 No 17020631 G01 No 17020632 G01 No 17020470 G01 No 17020633 G01 No 17020471 G01 No 17020634 G01 No 17020472 G01 No 17020635 G01 No 17020473 G01 No 17020636 G01 No 17020474 G01 No 17020637 G01 No 17020475 G01 No 17020638 G01 No 17020476 G01 No 17020477 G01 No 17020478 G01 No 17020479 G01 No 17020800 G01 No 17020801 G01 No 17020640 G01 No 17020802 G01 No 17020641 G01 No 17020803 G01 No 17020642 G01 No 17020480 G01 No 17020804 G01 No 17020643 G01 No 17020481 G01 No 17020805 G01 No 17020644 G01 No 17020482 G01 No 17020806 G01 No 17020645 G01 No 17020483 G01 No 17020807 G01 No 17020436 G01 No 17020437 G01 No 17020438 G01 No 17020439 G01 No 17020600 G01 No 17020601 G01 No 17020602 G01 No 17020440 G01 No 17020603 G01 No 17020441 G01 No 17020604 G01 No 17020442 G01 No 17020605 G01 No 17020606 G01 No 17020444 G01 No 17020607 G01 No 17020445 G01 No 17020608 G01 No 17020446 G01 No 17020609 G01 No 17020447 G01 No 17020448 G01 No 17020449 G01 No 17020610 G01 No 17020611 G01 No 17020771 G01 No 17020772 G01 No 17020773 G01 No 17020774 G01 No 17020775 G01 No 17020777 G01 No 17020778 G01 No 17020779 G01 No 17020780 G01 No 17020400 G01 No 17020401 G01 No 17020402 G01 No 17020403 G01 No 17020404 G01 No 17020405 G01 No 17020406 G01 No 17020407 G01 No 17020408 G01 No 17020409 G01 No 17020410 G01 No 17020411 G01 No 17020412 G01 No 17020413 G01 No 17020415 G01 No 17020416 G01 No 17020417 G01 No 17020418 G01 No 17020419 G01 No 17020420 G01 No 17020421 G01 No 17020422 G01 No 17020423 G01 No 17020424 G01 No 17020425 G01 No 17020427 G01 No 17020428 G01 No 17020429 G01 No 17020430 G01 No 17020431 G01 No 17020432 G01 No 17020433 G01 No 17020434 G01 No 17020761 G01 No 17020762 G01 No 17020763 G01 No 17020764 G01 No 17020765 G01 No 17020766 G01 No 17020767 G01 No 17020768 G01 No 17020769 G01 No 17020770 G01 No 17020851 G01 No 17020852 G01 No 17020690 G01 No 17020853 G01 No 17020691 G01 No 17020854 G01 No 17020692 G01 No 17020855 G01 No 17020693 G01 No 17020856 G01 No 17020694 G01 No 17020857 G01 No 17020695 G01 No 17020858 G01 No 17020696 G01 No 17020859 G01 No 17020697 G01 No 17020698 G01 No 17020699 G01 No 17020860 G01 No 17020861 G01 No 17020862 G01 No 17020740 G01 No 17020741 G01 No 17020742 G01 No 17020580 G01 No 17020743 G01 No 17020581 G01 No 17020744 G01 No 17020582 G01 No 17020745 G01 No 17020583 G01 No 17020746 G01 No 17020584 G01 No 17020747 G01 No 17020585 G01 No 17020748 G01 No 17020586 G01 No 17020749 G01 No 17020587 G01 No 17020588 G01 No 17020589 G01 No 17020750 G01 No 17020751 G01 No 17020590 G01 No 17020752 G01 No 17020591 G01 No 17020753 G01 No 17020592 G01 No 17020754 G01 No 17020593 G01 No 17020755 G01 No 17020594 G01 No 17020756 G01 No 17020595 G01 No 17020757 G01 No 17020596 G01 No 17020758 G01 No 17020597 G01 No 17020759 G01 No 17020598 G01 No 17020599 G01 No 17020760 G01 No 17020738 G01 No 17020576 G01 No 17020739 G01 No 17020577 G01 No 17020578 G01 No 17020390 G01 No 17149253 G02 No 17129133 G02 No 17120372 G02 No 17120377 G02 No 17120399 G02 No 17129138 G02 No 17120386 G02 No 17120389 G02 No 17120412 G02 No 17120421 G02 No 17120390 G02 No 17120391 G02 No 17120392 G02 No 17120393 G02 No 17120394 G02 No 17120395 G02 No 17120397 G02 No 17120398 G02 No 17120385 G02 No 17120387 G02 No 17120388 G02 No 17120384 G02 No 17120330 G02 No 17120331 G02 No 17120332 G02 No 17120333 G02 No 17120334 G02 No 17120335 G02 No 17120336 G02 No 17120337 G02 No 17120338 G02 No 17120339 G02 No 17120341 G02 No 17120342 G02 No 17120343 G02 No 17120344 G02 No 17120346 G02 No 17120347 G02 No 17120348 G02 No 17120349 G02 No 17120350 G02 No 17120351 G02 No 17120353 G02 No 17120354 G02 No 17120355 G02 No 17120356 G02 No 17120357 G02 No 17120358 G02 No 17120359 G02 No 17120360 G02 No 17120361 G02 No 17120362 G02 No 17120363 G02 No 17120364 G02 No 17120365 G02 No 17120366 G02 No 17120367 G02 No 17120370 G02 No 17120371 G02 No 17120373 G02 No 17120374 G02 No 17120375 G02 No 17120376 G02 No 17120378 G02 No 17120379 G02 No 17120380 G02 No 17120381 G02 No 17120382 G02 No 17120383 G02 No 17120327 G02 No 17120328 G02 No 17149240 G02 No 17149241 G02 No 17149242 G02 No 17149243 G02 No 17149244 G02 No 17149245 G02 No 17149246 G02 No 17149247 G02 No 17149248 G02 No 17149249 G02 No 17149250 G02 No 17149251 G02 No 17149252 G02 No 17149100 G02 No 17149101 G02 No 17149102 G02 No 17129130 G02 No 17129131 G02 No 17129132 G02 No 17129134 G02 No 17129135 G02 No 17129136 G02 No 17129137 G02 No 17129139 G02 No 17129140 G02 No 17129141 G02 No 17129142 G02 No 17129144 G02 No 17129145 G02 No 17129127 G02 No 17129128 G02 No 17129129 G02 No 17120410 G02 No 17120411 G02 No 17120413 G02 No 17120414 G02 No 17120415 G02 No 17120416 G02 No 17120417 G02 No 17120418 G02 No 17120419 G02 No 17120420 G02 No 17120422 G02 No 17120423 G02 No 17120424 G02 No 17120425 G02 No 17120426 G02 No 17149077 G02 No 17149078 G02 No 17149079 G02 No 17149080 G02 No 17149081 G02 No 17149082 G02 No 17149083 G02 No 17149084 G02 No 17149086 G02 No 17149087 G02 No 17149088 G02 No 17149089 G02 No 17149090 G02 No 17149091 G02 No 17120401 G02 No 17120402 G02 No 17120403 G02 No 17120404 G02 No 17120405 G02 No 17120406 G02 No 17120407 G02 No 17120408 G02 No 17120409 G02 No 17149092 G02 No 17149093 G02 No 17149094 G02 No 17149095 G02 No 17149096 G02 No 17149097 G02 No 17149098 G02 No 17149099 G02 No 17120498 G03 No 17120455 G03 No 17120477 G03 No 17120490 G03 No 17120532 G03 No 17120544 G03 No 17120540 G03 No 17120541 G03 No 17120542 G03 No 17120543 G03 No 17120545 G03 No 17120546 G03 No 17120547 G03 No 17120548 G03 No 17120549 G03 No 17120550 G03 No 17120551 G03 No 17120552 G03 No 17120553 G03 No 17120554 G03 No 17120555 G03 No 17120556 G03 No 17120557 G03 No 17120558 G03 No 17120559 G03 No 17120560 G03 No 17120561 G03 No 17120562 G03 No 17120563 G03 No 17120564 G03 No 17120565 G03 No 17120566 G03 No 17120567 G03 No 17120568 G03 No 17120569 G03 No 17120570 G03 No 17120571 G03 No 17120572 G03 No 17120573 G03 No 17120574 G03 No 17120575 G03 No 17120576 G03 No 17120526 G03 No 17120527 G03 No 17120528 G03 No 17120529 G03 No 17120530 G03 No 17120531 G03 No 17120533 G03 No 17120534 G03 No 17120535 G03 No 17120536 G03 No 17120537 G03 No 17120538 G03 No 17120539 G03 No 17120510 G03 No 17120511 G03 No 17120512 G03 No 17120513 G03 No 17120514 G03 No 17120515 G03 No 17120516 G03 No 17120517 G03 No 17120518 G03 No 17120519 G03 No 17120520 G03 No 17120521 G03 No 17120522 G03 No 17120523 G03 No 17120524 G03 No 17120525 G03 No 17120500 G03 No 17120501 G03 No 17120502 G03 No 17120503 G03 No 17120504 G03 No 17120505 G03 No 17120506 G03 No 17120507 G03 No 17120508 G03 No 17120509 G03 No 17149110 G03 No 17149111 G03 No 17149112 G03 No 17149113 G03 No 17149103 G03 No 17149105 G03 No 17149106 G03 No 17149107 G03 No 17149108 G03 No 17149109 G03 No 17120450 G03 No 17120451 G03 No 17120452 G03 No 17120453 G03 No 17120454 G03 No 17120456 G03 No 17120457 G03 No 17120458 G03 No 17120459 G03 No 17120460 G03 No 17120461 G03 No 17120462 G03 No 17120463 G03 No 17120464 G03 No 17120465 G03 No 17120466 G03 No 17120467 G03 No 17120468 G03 No 17120469 G03 No 17120470 G03 No 17120471 G03 No 17120472 G03 No 17120473 G03 No 17120474 G03 No 17120476 G03 No 17120478 G03 No 17120479 G03 No 17120480 G03 No 17120481 G03 No 17120482 G03 No 17120483 G03 No 17120484 G03 No 17120485 G03 No 17120486 G03 No 17120487 G03 No 17120488 G03 No 17120489 G03 No 17120491 G03 No 17120492 G03 No 17120493 G03 No 17120494 G03 No 17120495 G03 No 17120496 G03 No 17120499 G03 No 17120429 G03 No 17120430 G03 No 17120431 G03 No 17120432 G03 No 17120433 G03 No 17120434 G03 No 17120436 G03 No 17120437 G03 No 17120438 G03 No 17120440 G03 No 17120441 G03 No 17120442 G03 No 17120443 G03 No 17120444 G03 No 17120445 G03 No 17120446 G03 No 17120447 G03 No 17120448 G03 No 17120449 G03 No 17181086 G01 No 17171924 G01 No 17172078 G01 No 17175048 G01 No 17175049 G01 No 17171987 G01 No 17172020 G01 No 17203440 G01 No 17172004 G01 No 17172023 G01 No 17172005 G01 No 17203443 G01 No 17203445 G01 No 17203409 G01 No 17172044 G01 No 17203427 G01 No 17172008 G01 No 17181117 G01 No 17172064 G01 No 17203267 G01 No 17175071 G01 No 17172065 G01 No 17175054 G01 No 17172048 G01 No 17172049 G01 No 17171951 G01 No 17171995 G01 No 17203410 G01 No 17181120 G01 No 17172112 G01 No 17172014 G01 No 17203451 G01 No 17172051 G01 No 17203255 G01 No 17172053 G01 No 17203437 G01 No 17172036 G01 No 17172136 G01 No 17172073 G01 No 17172055 G01 No 17203294 G01 No 17203278 G01 No 17203359 G01 No 17172039 G01 No 17203396 G01 No 17203423 G01 No 17203388 G01 No 17203364 G01 No 17203354 G01 No 17203317 G01 No 17171965 G01 No 17203331 G01 No 17172132 G01 No 17172133 G01 No 17172127 G01 No 17172130 G01 No 17172104 G01 No 17172114 G01 No 17172125 G01 No 17172126 G01 No 17171998 G01 No 17172001 G01 No 17172002 G01 No 17172010 G01 No 17172022 G01 No 17172033 G01 No 17172041 G01 No 17172057 G01 No 17172061 G01 No 17172068 G01 No 17172074 G01 No 17172084 G01 No 17172086 G01 No 17171926 G01 No 17171946 G01 No 17171952 G01 No 17171957 G01 No 17171960 G01 No 17171979 G01 No 17171980 G01 No 17171983 G01 No 17171990 G01 No 17171992 G01 No 17171922 G01 No 17203303 G01 No 17203452 G01 No 17203340 G01 No 17203351 G01 No 17203283 G01 No 17203252 G01 No 17203412 G01 No 17203321 G01 No 17203385 G01 No 17203392 G01 No 17203401 G01 No 17203435 G01 No 17203383 G01 No 17203323 G01 No 17203449 G01 No 17203328 G01 No 17203339 G01 No 17203315 G01 No 17203257 G01 No 17203295 G01 No 17203290 G01 No 17203299 G01 No 17203424 G01 No 17203379 G01 No 17203256 G01 No 17203422 G01 No 17203253 G01 No 17203312 G01 No 17203293 G01 No 17203418 G01 No 17203314 G01 No 17203448 G01 No 17203384 G01 No 17203281 G01 No 17203348 G01 No 17203390 G01 No 17203310 G01 No 17203363 G01 No 17203425 G01 No 17203373 G01 No 17203266 G01 No 17203358 G01 No 17203429 G01 No 17203371 G01 No 17203337 G01 No 17203421 G01 No 17203430 G01 No 17203247 G01 No 17203320 G01 No 17203405 G01 No 17203270 G01 No 17203362 G01 No 17203361 G01 No 17203272 G01 No 17203350 G01 No 17203403 G01 No 17203301 G01 No 17203349 G01 No 17203338 G01 No 17203345 G01 No 17203307 G01 No 17203357 G01 No 17203442 G01 No 17203277 G01 No 17203280 G01 No 17203344 G01 No 17203381 G01 No 17203436 G01 No 17203333 G01 No 17203316 G01 No 17203305 G01 No 17203292 G01 No 17203419 G01 No 17203433 G01 No 17203438 G01 No 17203284 G01 No 17203275 G01 No 17203411 G01 No 17203324 G01 No 17203408 G01 No 17203300 G01 No 17203273 G01 No 17203446 G01 No 17203415 G01 No 17203389 G01 No 17203398 G01 No 17203274 G01 No 17203318 G01 No 17203391 G01 No 17203399 G01 No 17203450 G01 No 17203447 G01 No 17203453 G01 No 17203428 G01 No 17203313 G01 No 17203431 G01 No 17203417 G01 No 17203343 G01 No 17203360 G01 No 17203416 G01 No 17203406 G01 No 17203367 G01 No 17203380 G01 No 17203286 G01 No 17203330 G01 No 17203249 G01 No 17203342 G01 No 17203346 G01 No 17203264 G01 No 17203322 G01 No 17203397 G01 No 17203407 G01 No 17203336 G01 No 17203374 G01 No 17203329 G01 No 17203327 G01 No 17203369 G01 No 17203335 G01 No 17203291 G01 No 17203289 G01 No 17203372 G01 No 17203296 G01 No 17203254 G01 No 17203444 G01 No 17203365 G01 No 17203259 G01 No 17203366 G01 No 17203353 G01 No 17203285 G01 No 17203352 G01 No 17203306 G01 No 17203414 G01 No 17203393 G01 No 17203382 G01 No 17203302 G01 No 17203356 G01 No 17203387 G01 No 17203377 G01 No 17203308 G01 No 17203276 G01 No 17203288 G01 No 17203378 G01 No 17203376 G01 No 17203370 G01 No 17203248 G01 No 17203341 G01 No 17203334 G01 No 17203395 G01 No 17203332 G01 No 17203309 G01 No 17203375 G01 No 17203279 G01 No 17203386 G01 No 17203311 G01 No 17203420 G01 No 17203402 G01 No 17203439 G01 No 17203297 G01 No 17203282 G01 No 17203368 G01 No 17203394 G01 No 17203400 G01 No 17203355 G01 No 17203404 G01 No 17203426 G01 No 17203298 G01 No 17203304 G01 No 17203434 G01 No 17171962 G01 No 17171963 G01 No 17171966 G01 No 17171967 G01 No 17171968 G01 No 17171969 G01 No 17171970 G01 No 17171971 G01 No 17171973 G01 No 17171974 G01 No 17171978 G01 No 17171982 G01 No 17171985 G01 No 17171986 G01 No 17171988 G01 No 17171989 G01 No 17171991 G01 No 17171993 G01 No 17171996 G01 No 17171999 G01 No 17171950 G01 No 17171955 G01 No 17171916 G01 No 17171917 G01 No 17171918 G01 No 17171919 G01 No 17171920 G01 No 17171921 G01 No 17171923 G01 No 17171925 G01 No 17171927 G01 No 17171933 G01 No 17171935 G01 No 17171937 G01 No 17171939 G01 No 17171945 G01 No 17171949 G01 No 17175070 G01 No 17175072 G01 No 17175056 G01 No 17175057 G01 No 17175059 G01 No 17175060 G01 No 17175061 G01 No 17175062 G01 No 17175063 G01 No 17175064 G01 No 17175065 G01 No 17175066 G01 No 17175067 G01 No 17175068 G01 No 17175069 G01 No 17175031 G01 No 17175032 G01 No 17175034 G01 No 17175035 G01 No 17175036 G01 No 17175037 G01 No 17175040 G01 No 17175041 G01 No 17175042 G01 No 17175043 G01 No 17175045 G01 No 17175046 G01 No 17175047 G01 No 17175050 G01 No 17175051 G01 No 17175052 G01 No 17175053 G01 No 17175024 G01 No 17175025 G01 No 17175026 G01 No 17175027 G01 No 17175028 G01 No 17175029 G01 No 17172120 G01 No 17172121 G01 No 17172122 G01 No 17172123 G01 No 17172124 G01 No 17172128 G01 No 17172129 G01 No 17172131 G01 No 17172134 G01 No 17172135 G01 No 17172137 G01 No 17172138 G01 No 17172139 G01 No 17172100 G01 No 17172101 G01 No 17172102 G01 No 17172103 G01 No 17172105 G01 No 17172106 G01 No 17172107 G01 No 17172108 G01 No 17172109 G01 No 17172110 G01 No 17172111 G01 No 17172113 G01 No 17172115 G01 No 17172116 G01 No 17172117 G01 No 17172119 G01 No 17181161 G01 No 17172090 G01 No 17181162 G01 No 17172091 G01 No 17172092 G01 No 17172093 G01 No 17172094 G01 No 17172095 G01 No 17172097 G01 No 17172098 G01 No 17172099 G01 No 17181150 G01 No 17181151 G01 No 17172080 G01 No 17181152 G01 No 17172081 G01 No 17181153 G01 No 17172082 G01 No 17181154 G01 No 17172083 G01 No 17172085 G01 No 17181158 G01 No 17172087 G01 No 17181159 G01 No 17172088 G01 No 17172089 G01 No 17172060 G01 No 17181132 G01 No 17181133 G01 No 17172062 G01 No 17181134 G01 No 17172063 G01 No 17181135 G01 No 17181136 G01 No 17172066 G01 No 17181138 G01 No 17172067 G01 No 17172069 G01 No 17181140 G01 No 17172070 G01 No 17172071 G01 No 17181143 G01 No 17172072 G01 No 17181145 G01 No 17181146 G01 No 17172075 G01 No 17181147 G01 No 17172076 G01 No 17181148 G01 No 17172077 G01 No 17172079 G01 No 17181130 G01 No 17181131 G01 No 17181121 G01 No 17172050 G01 No 17181122 G01 No 17181123 G01 No 17172052 G01 No 17181124 G01 No 17181125 G01 No 17172054 G01 No 17181126 G01 No 17172056 G01 No 17172059 G01 No 17172047 G01 No 17181119 G01 No 17172021 G01 No 17172024 G01 No 17172025 G01 No 17172026 G01 No 17172027 G01 No 17172028 G01 No 17172029 G01 No 17181100 G01 No 17181101 G01 No 17172030 G01 No 17181102 G01 No 17172031 G01 No 17172032 G01 No 17181104 G01 No 17181105 G01 No 17172034 G01 No 17181106 G01 No 17172035 G01 No 17181107 G01 No 17181108 G01 No 17172037 G01 No 17181109 G01 No 17172038 G01 No 17181110 G01 No 17181111 G01 No 17172040 G01 No 17181112 G01 No 17181113 G01 No 17172042 G01 No 17181114 G01 No 17172043 G01 No 17181115 G01 No 17181116 G01 No 17172045 G01 No 17172046 G01 No 17172017 G01 No 17172018 G01 No 17172019 G01 No 17172000 G01 No 17172006 G01 No 17172007 G01 No 17172009 G01 No 17172011 G01 No 17172013 G01 No 17172015 G01 No 17172016 G01 No 17181088 G01 No 17181090 G01 No 17181092 G01 No 17181093 G01 No 17181094 G01 No 17181095 G01 No 17181096 G01 No 17181097 G01 No 17181099 G01 No 17181082 G01 No 17181083 G01 No 17181084 G01 No 17181085 G01 No 17172140 G01 No 17172141 G01 No 17172142 G01 No 17175038 G01 No 17175039 G01 No 17175044 G01 No 17175073 G01 No 17181098 G01 No 17181103 G01 No 17181118 G01 No 17181128 G01 No 17181129 G01 No 17181137 G01 No 17181139 G01 No 17181144 G01 No 17181149 G01 No 17181155 G01 No 17181156 G01 No 17181157 G01 No 17181160 G01 No 17171928 G01 No 17171929 G01 No 17171930 G01 No 17171931 G01 No 17171932 G01 No 17171934 G01 No 17171936 G01 No 17171938 G01 No 17171940 G01 No 17171941 G01 No 17171942 G01 No 17171943 G01 No 17171944 G01 No 17171947 G01 No 17171948 G01 No 17171953 G01 No 17171954 G01 No 17171956 G01 No 17171958 G01 No 17171959 G01 No 17171961 G01 No 17171964 G01 No 17171975 G01 No 17171976 G01 No 17171977 G01 No 17171981 G01 No 17171984 G01 No 17171994 G01 No 17171997 G01 No 17172003 G01 No 17172058 G01 No 17175030 G01 No 17175033 G01 No 17175055 G01 No 17181087 G01 No 17181089 G01 No 17181091 G01 No 17181127 G01 No 17172118 G01 No 17181142 G01 No LOAN_SEQ PRODUCT AM_TYPE 17020574 5/1LIBOR IO ARMS 17020737 5/1LIBOR IO ARMS 17020575 5/1LIBOR IO ARMS 17020498 5/1LIBOR IO ARMS 17020499 5/1LIBOR ARMS 17020820 5/1LIBOR IO ARMS 17020821 5/1LIBOR IO ARMS 17020660 5/1LIBOR IO ARMS 17020822 5/1LIBOR IO ARMS 17020661 5/1LIBOR IO ARMS 17020823 5/1LIBOR IO ARMS 17020662 5/1LIBOR IO ARMS 17020824 5/1LIBOR IO ARMS 17020663 5/1LIBOR IO ARMS 17020825 5/1LIBOR IO ARMS 17020664 5/1LIBOR IO ARMS 17020826 5/1LIBOR IO ARMS 17020665 5/1LIBOR IO ARMS 17020827 5/1LIBOR IO ARMS 17020828 5/1LIBOR IO ARMS 17020667 5/1LIBOR IO ARMS 17020829 5/1LIBOR IO ARMS 17020668 5/1LIBOR IO ARMS 17020669 5/1LIBOR IO ARMS 17020830 5/1LIBOR IO ARMS 17020831 5/1LIBOR IO ARMS 17020670 5/1LIBOR IO ARMS 17020832 5/1LIBOR IO ARMS 17020833 5/1LIBOR IO ARMS 17020671 5/1LIBOR IO ARMS 17020834 5/1LIBOR IO ARMS 17020672 5/1LIBOR IO ARMS 17020835 5/1LIBOR IO ARMS 17020673 5/1LIBOR ARMS 17020836 5/1LIBOR IO ARMS 17020674 5/1LIBOR IO ARMS 17020837 5/1LIBOR IO ARMS 17020675 5/1LIBOR IO ARMS 17020838 5/1LIBOR IO ARMS 17020676 5/1LIBOR IO ARMS 17020839 5/1LIBOR IO ARMS 17020677 5/6LIBOR IO ARMS 17020678 5/6LIBOR IO ARMS 17020679 5/6LIBOR IO ARMS 17020840 5/1LIBOR IO ARMS 17020841 5/1LIBOR IO ARMS 17020842 5/1LIBOR IO ARMS 17020680 5/6LIBOR IO ARMS 17020843 5/1LIBOR IO ARMS 17020681 5/1LIBOR IO ARMS 17020844 5/1LIBOR IO ARMS 17020682 5/1LIBOR IO ARMS 17020845 5/1LIBOR IO ARMS 17020683 5/1LIBOR IO ARMS 17020846 5/1LIBOR IO ARMS 17020684 5/1LIBOR IO ARMS 17020685 5/1LIBOR ARMS 17020848 5/1LIBOR IO ARMS 17020686 5/1LIBOR IO ARMS 17020849 5/1LIBOR IO ARMS 17020687 5/1LIBOR IO ARMS 17020688 5/1LIBOR IO ARMS 17020689 5/1LIBOR IO ARMS 17020850 5/1LIBOR IO ARMS 17020657 5/1LIBOR IO ARMS 17020495 5/1LIBOR IO ARMS 17020819 5/1LIBOR IO ARMS 17020658 5/1LIBOR IO ARMS 17020496 5/1LIBOR IO ARMS 17020659 5/1LIBOR IO ARMS 17020497 5/1LIBOR IO ARMS 17020492 5/1LIBOR IO ARMS 17020816 5/1LIBOR IO ARMS 17020655 5/1LIBOR IO ARMS 17020493 5/1LIBOR IO ARMS 17020817 5/1LIBOR IO ARMS 17020656 5/1LIBOR IO ARMS 17020494 5/1LIBOR IO ARMS 17020812 5/1LIBOR IO ARMS 17020651 5/1LIBOR IO ARMS 17020813 5/1LIBOR IO ARMS 17020814 5/1LIBOR IO ARMS 17020652 5/1LIBOR IO ARMS 17020490 5/1LIBOR IO ARMS 17020491 5/1LIBOR IO ARMS 17020815 5/1LIBOR IO ARMS 17020654 5/1LIBOR IO ARMS 17020500 5/1LIBOR IO ARMS 17020501 5/1LIBOR IO ARMS 17020502 5/6LIBOR ARMS 17020503 5/1LIBOR IO ARMS 17020504 5/1LIBOR IO ARMS 17020505 5/1LIBOR IO ARMS 17020506 5/1LIBOR ARMS 17020507 5/1LIBOR IO ARMS 17020508 5/1LIBOR IO ARMS 17020509 5/1LIBOR IO ARMS 17020510 5/1LIBOR IO ARMS 17020511 5/1LIBOR IO ARMS 17020512 5/1LIBOR IO ARMS 17020513 5/1LIBOR IO ARMS 17020514 5/1LIBOR IO ARMS 17020515 5/1LIBOR IO ARMS 17020516 5/1LIBOR IO ARMS 17020517 5/1LIBOR ARMS 17020518 5/1LIBOR IO ARMS 17020519 5/1LIBOR IO ARMS 17020520 5/1LIBOR IO ARMS 17020521 5/6LIBOR IO ARMS 17020522 5/1LIBOR IO ARMS 17020523 5/1LIBOR ARMS 17020524 5/1LIBOR IO ARMS 17020525 5/1LIBOR IO ARMS 17020526 5/1LIBOR IO ARMS 17020527 5/1LIBOR IO ARMS 17020528 5/1LIBOR IO ARMS 17020529 5/1LIBOR IO ARMS 17020530 5/1LIBOR IO ARMS 17020531 5/1LIBOR IO ARMS 17020532 5/6LIBOR ARMS 17020533 5/1LIBOR IO ARMS 17020534 5/1LIBOR ARMS 17020535 5/1LIBOR ARMS 17020536 5/1LIBOR ARMS 17020537 5/1LIBOR IO ARMS 17020538 5/1LIBOR IO ARMS 17020539 5/1LIBOR IO ARMS 17020700 5/1LIBOR IO ARMS 17020701 5/1LIBOR IO ARMS 17020702 5/1LIBOR IO ARMS 17020540 5/1LIBOR ARMS 17020703 5/1LIBOR IO ARMS 17020541 5/1LIBOR IO ARMS 17020704 5/1LIBOR IO ARMS 17020542 5/1LIBOR ARMS 17020705 5/1LIBOR IO ARMS 17020543 5/1LIBOR IO ARMS 17020706 5/1LIBOR IO ARMS 17020544 5/1LIBOR IO ARMS 17020707 5/1LIBOR IO ARMS 17020545 5/1LIBOR IO ARMS 17020708 5/1LIBOR IO ARMS 17020546 5/1LIBOR IO ARMS 17020547 5/1LIBOR IO ARMS 17020385 5/1LIBOR IO ARMS 17020548 5/1LIBOR ARMS 17020386 5/1LIBOR IO ARMS 17020549 5/1LIBOR IO ARMS 17020387 5/1LIBOR IO ARMS 17020388 5/1LIBOR IO ARMS 17020389 5/1LIBOR IO ARMS 17020710 5/1LIBOR ARMS 17020711 5/1LIBOR IO ARMS 17020550 5/1LIBOR IO ARMS 17020712 5/1LIBOR IO ARMS 17020551 5/1LIBOR IO ARMS 17020713 5/1LIBOR ARMS 17020714 5/1LIBOR ARMS 17020552 5/1LIBOR IO ARMS 17020715 5/1LIBOR IO ARMS 17020553 5/1LIBOR IO ARMS 17020391 5/1LIBOR IO ARMS 17020392 5/1LIBOR IO ARMS 17020554 5/1LIBOR IO ARMS 17020716 5/1LIBOR IO ARMS 17020717 5/1LIBOR IO ARMS 17020555 5/1LIBOR IO ARMS 17020393 5/1LIBOR IO ARMS 17020718 5/1LIBOR IO ARMS 17020556 5/1LIBOR IO ARMS 17020394 5/1LIBOR IO ARMS 17020395 5/1LIBOR IO ARMS 17020557 5/1LIBOR IO ARMS 17020719 5/1LIBOR IO ARMS 17020558 5/1LIBOR ARMS 17020397 5/1LIBOR IO ARMS 17020559 5/1LIBOR IO ARMS 17020398 5/1LIBOR IO ARMS 17020399 5/1LIBOR IO ARMS 17020720 5/1LIBOR IO ARMS 17020721 5/1LIBOR IO ARMS 17020722 5/1LIBOR IO ARMS 17020560 5/1LIBOR IO ARMS 17020723 5/1LIBOR IO ARMS 17020561 5/1LIBOR IO ARMS 17020724 5/1LIBOR ARMS 17020562 5/1LIBOR IO ARMS 17020725 5/1LIBOR IO ARMS 17020563 5/1LIBOR IO ARMS 17020726 5/1LIBOR IO ARMS 17020564 5/1LIBOR IO ARMS 17020727 5/1LIBOR IO ARMS 17020565 5/1LIBOR IO ARMS 17020728 5/1LIBOR IO ARMS 17020566 5/1LIBOR IO ARMS 17020729 5/1LIBOR ARMS 17020567 5/1LIBOR ARMS 17020568 5/1LIBOR IO ARMS 17020569 5/1LIBOR IO ARMS 17020730 5/1LIBOR ARMS 17020731 5/1LIBOR IO ARMS 17020732 5/1LIBOR IO ARMS 17020570 5/1LIBOR IO ARMS 17020733 5/1LIBOR IO ARMS 17020571 5/1LIBOR IO ARMS 17020734 5/1LIBOR IO ARMS 17020572 5/1LIBOR IO ARMS 17020735 5/1LIBOR IO ARMS 17020573 5/1LIBOR IO ARMS 17020736 5/1LIBOR IO ARMS 17020487 5/6LIBOR ARMS 17020488 5/1LIBOR IO ARMS 17020489 5/1LIBOR IO ARMS 17020810 5/1LIBOR IO ARMS 17020811 5/1LIBOR IO ARMS 17020650 5/6LIBOR IO ARMS 17020791 5/1LIBOR IO ARMS 17020792 5/1LIBOR IO ARMS 17020793 5/1LIBOR IO ARMS 17020794 5/1LIBOR IO ARMS 17020795 5/1LIBOR IO ARMS 17020796 5/1LIBOR IO ARMS 17020797 5/1LIBOR IO ARMS 17020798 5/1LIBOR IO ARMS 17020799 5/1LIBOR IO ARMS 17020790 5/1LIBOR IO ARMS 17020646 5/1LIBOR IO ARMS 17020484 5/1LIBOR IO ARMS 17020808 5/1LIBOR IO ARMS 17020647 5/1LIBOR IO ARMS 17020485 5/1LIBOR IO ARMS 17020809 5/1LIBOR IO ARMS 17020648 5/1LIBOR IO ARMS 17020486 5/6LIBOR IO ARMS 17020649 5/1LIBOR ARMS 17020781 5/1LIBOR IO ARMS 17020782 5/1LIBOR IO ARMS 17020783 5/1LIBOR IO ARMS 17020784 5/1LIBOR IO ARMS 17020785 5/1LIBOR IO ARMS 17020786 5/1LIBOR IO ARMS 17020787 5/1LIBOR IO ARMS 17020788 5/1LIBOR IO ARMS 17020789 5/1LIBOR IO ARMS 17020612 5/1LIBOR IO ARMS 17020450 5/1LIBOR IO ARMS 17020613 5/1LIBOR IO ARMS 17020451 5/1LIBOR IO ARMS 17020614 5/1LIBOR ARMS 17020452 5/1LIBOR ARMS 17020615 5/1LIBOR ARMS 17020453 5/1LIBOR IO ARMS 17020616 5/1LIBOR IO ARMS 17020454 5/1LIBOR ARMS 17020617 5/1LIBOR IO ARMS 17020455 5/1LIBOR IO ARMS 17020456 5/1LIBOR ARMS 17020618 5/6LIBOR ARMS 17020619 5/1LIBOR IO ARMS 17020457 5/1LIBOR IO ARMS 17020458 5/1LIBOR ARMS 17020459 5/1LIBOR IO ARMS 17020620 5/1LIBOR IO ARMS 17020621 5/1LIBOR IO ARMS 17020622 5/1LIBOR IO ARMS 17020460 5/1LIBOR IO ARMS 17020623 5/1LIBOR ARMS 17020461 5/1LIBOR IO ARMS 17020624 5/1LIBOR IO ARMS 17020462 5/1LIBOR IO ARMS 17020625 5/1LIBOR IO ARMS 17020463 5/1LIBOR IO ARMS 17020626 5/1LIBOR IO ARMS 17020464 5/1LIBOR IO ARMS 17020627 5/1LIBOR IO ARMS 17020465 5/1LIBOR IO ARMS 17020628 5/1LIBOR IO ARMS 17020466 5/1LIBOR IO ARMS 17020629 5/1LIBOR IO ARMS 17020467 5/1LIBOR IO ARMS 17020468 5/1LIBOR IO ARMS 17020469 5/1LIBOR IO ARMS 17020630 5/1LIBOR IO ARMS 17020631 5/1LIBOR IO ARMS 17020632 5/1LIBOR IO ARMS 17020470 5/1LIBOR IO ARMS 17020633 5/1LIBOR IO ARMS 17020471 5/1LIBOR IO ARMS 17020634 5/1LIBOR IO ARMS 17020472 5/1LIBOR IO ARMS 17020635 5/1LIBOR ARMS 17020473 5/1LIBOR IO ARMS 17020636 5/6LIBOR IO ARMS 17020474 5/1LIBOR IO ARMS 17020637 5/1LIBOR IO ARMS 17020475 5/1LIBOR ARMS 17020638 5/1LIBOR IO ARMS 17020476 5/1LIBOR IO ARMS 17020477 5/1LIBOR IO ARMS 17020478 5/6LIBOR IO ARMS 17020479 5/1LIBOR IO ARMS 17020800 5/1LIBOR IO ARMS 17020801 5/1LIBOR IO ARMS 17020640 5/1LIBOR IO ARMS 17020802 5/1LIBOR IO ARMS 17020641 5/1LIBOR IO ARMS 17020803 5/1LIBOR IO ARMS 17020642 5/1LIBOR IO ARMS 17020480 5/1LIBOR IO ARMS 17020804 5/1LIBOR IO ARMS 17020643 5/1LIBOR ARMS 17020481 5/1LIBOR IO ARMS 17020805 5/1LIBOR IO ARMS 17020644 5/1LIBOR IO ARMS 17020482 5/1LIBOR IO ARMS 17020806 5/1LIBOR IO ARMS 17020645 5/1LIBOR ARMS 17020483 5/1LIBOR IO ARMS 17020807 5/1LIBOR IO ARMS 17020436 5/1LIBOR IO ARMS 17020437 5/1LIBOR IO ARMS 17020438 5/1LIBOR IO ARMS 17020439 5/1LIBOR ARMS 17020600 5/1LIBOR IO ARMS 17020601 5/1LIBOR IO ARMS 17020602 5/1LIBOR IO ARMS 17020440 5/1LIBOR IO ARMS 17020603 5/1LIBOR IO ARMS 17020441 5/1LIBOR IO ARMS 17020604 5/1LIBOR IO ARMS 17020442 5/1LIBOR IO ARMS 17020605 5/1LIBOR IO ARMS 17020606 5/1LIBOR IO ARMS 17020444 5/1LIBOR IO ARMS 17020607 5/1LIBOR IO ARMS 17020445 5/6LIBOR IO ARMS 17020608 5/1LIBOR IO ARMS 17020446 5/1LIBOR IO ARMS 17020609 5/1LIBOR IO ARMS 17020447 5/1LIBOR IO ARMS 17020448 5/1LIBOR ARMS 17020449 5/1LIBOR IO ARMS 17020610 5/1LIBOR IO ARMS 17020611 5/1LIBOR IO ARMS 17020771 5/1LIBOR IO ARMS 17020772 5/1LIBOR IO ARMS 17020773 5/1LIBOR IO ARMS 17020774 5/1LIBOR IO ARMS 17020775 5/1LIBOR IO ARMS 17020777 5/1LIBOR IO ARMS 17020778 5/1LIBOR IO ARMS 17020779 5/1LIBOR IO ARMS 17020780 5/1LIBOR IO ARMS 17020400 5/1LIBOR IO ARMS 17020401 5/1LIBOR ARMS 17020402 5/1LIBOR IO ARMS 17020403 5/1LIBOR IO ARMS 17020404 5/1LIBOR IO ARMS 17020405 5/1LIBOR IO ARMS 17020406 5/1LIBOR IO ARMS 17020407 5/1LIBOR IO ARMS 17020408 5/1LIBOR IO ARMS 17020409 5/1LIBOR IO ARMS 17020410 5/1LIBOR IO ARMS 17020411 5/1LIBOR IO ARMS 17020412 5/1LIBOR IO ARMS 17020413 5/1LIBOR IO ARMS 17020415 5/1LIBOR IO ARMS 17020416 5/1LIBOR IO ARMS 17020417 5/1LIBOR IO ARMS 17020418 5/1LIBOR IO ARMS 17020419 5/1LIBOR IO ARMS 17020420 5/1LIBOR IO ARMS 17020421 5/1LIBOR IO ARMS 17020422 5/1LIBOR ARMS 17020423 5/1LIBOR IO ARMS 17020424 5/1LIBOR IO ARMS 17020425 5/1LIBOR IO ARMS 17020427 5/1LIBOR IO ARMS 17020428 5/1LIBOR IO ARMS 17020429 5/1LIBOR IO ARMS 17020430 5/1LIBOR IO ARMS 17020431 5/1LIBOR IO ARMS 17020432 5/1LIBOR IO ARMS 17020433 5/1LIBOR IO ARMS 17020434 5/1LIBOR IO ARMS 17020761 5/1LIBOR IO ARMS 17020762 5/1LIBOR IO ARMS 17020763 5/1LIBOR IO ARMS 17020764 5/1LIBOR IO ARMS 17020765 5/1LIBOR IO ARMS 17020766 5/1LIBOR IO ARMS 17020767 5/1LIBOR IO ARMS 17020768 5/1LIBOR IO ARMS 17020769 5/1LIBOR IO ARMS 17020770 5/1LIBOR IO ARMS 17020851 5/1LIBOR IO ARMS 17020852 5/1LIBOR IO ARMS 17020690 5/1LIBOR IO ARMS 17020853 5/1LIBOR IO ARMS 17020691 5/1LIBOR IO ARMS 17020854 5/1LIBOR IO ARMS 17020692 5/1LIBOR IO ARMS 17020855 5/1LIBOR IO ARMS 17020693 5/1LIBOR IO ARMS 17020856 5/1LIBOR IO ARMS 17020694 5/6LIBOR ARMS 17020857 5/1LIBOR IO ARMS 17020695 5/1LIBOR IO ARMS 17020858 5/1LIBOR IO ARMS 17020696 5/1LIBOR IO ARMS 17020859 5/1LIBOR IO ARMS 17020697 5/1LIBOR IO ARMS 17020698 5/1LIBOR IO ARMS 17020699 5/1LIBOR IO ARMS 17020860 5/1LIBOR IO ARMS 17020861 5/1LIBOR IO ARMS 17020862 5/1LIBOR IO ARMS 17020740 5/1LIBOR ARMS 17020741 5/1LIBOR IO ARMS 17020742 5/1LIBOR ARMS 17020580 5/1LIBOR IO ARMS 17020743 5/1LIBOR IO ARMS 17020581 5/1LIBOR IO ARMS 17020744 5/1LIBOR IO ARMS 17020582 5/1LIBOR IO ARMS 17020745 5/1LIBOR IO ARMS 17020583 5/1LIBOR IO ARMS 17020746 5/1LIBOR IO ARMS 17020584 5/1LIBOR IO ARMS 17020747 5/1LIBOR IO ARMS 17020585 5/1LIBOR IO ARMS 17020748 5/1LIBOR IO ARMS 17020586 5/1LIBOR IO ARMS 17020749 5/1LIBOR IO ARMS 17020587 5/1LIBOR IO ARMS 17020588 5/1LIBOR IO ARMS 17020589 5/1LIBOR IO ARMS 17020750 5/1LIBOR ARMS 17020751 5/1LIBOR IO ARMS 17020590 5/1LIBOR IO ARMS 17020752 5/1LIBOR IO ARMS 17020591 5/1LIBOR IO ARMS 17020753 5/1LIBOR IO ARMS 17020592 5/1LIBOR IO ARMS 17020754 5/1LIBOR IO ARMS 17020593 5/1LIBOR IO ARMS 17020755 5/1LIBOR IO ARMS 17020594 5/1LIBOR IO ARMS 17020756 5/1LIBOR IO ARMS 17020595 5/1LIBOR IO ARMS 17020757 5/1LIBOR IO ARMS 17020596 5/1LIBOR ARMS 17020758 5/1LIBOR IO ARMS 17020597 5/1LIBOR ARMS 17020759 5/1LIBOR IO ARMS 17020598 5/1LIBOR IO ARMS 17020599 5/1LIBOR ARMS 17020760 5/1LIBOR IO ARMS 17020738 5/1LIBOR IO ARMS 17020576 5/1LIBOR IO ARMS 17020739 5/1LIBOR IO ARMS 17020577 5/1LIBOR ARMS 17020578 5/1LIBOR IO ARMS 17020390 5/1LIBOR IO ARMS 17149253 7/1LIBOR IO ARMS 17129133 7/1LIBOR IO ARMS 17120372 7/1LIBOR IO ARMS 17120377 7/1LIBOR IO ARMS 17120399 7/1LIBOR IO ARMS 17129138 7/1LIBOR IO ARMS 17120386 7/1LIBOR IO ARMS 17120389 7/1LIBOR ARMS 17120412 7/1LIBOR ARMS 17120421 7/1LIBOR IO ARMS 17120390 7/1LIBOR IO ARMS 17120391 7/1LIBOR IO ARMS 17120392 7/1LIBOR IO ARMS 17120393 7/1LIBOR IO ARMS 17120394 7/1LIBOR IO ARMS 17120395 7/1LIBOR IO ARMS 17120397 7/1LIBOR ARMS 17120398 7/1LIBOR IO ARMS 17120385 7/1LIBOR IO ARMS 17120387 7/1LIBOR IO ARMS 17120388 7/1LIBOR IO ARMS 17120384 7/1LIBOR IO ARMS 17120330 7/1LIBOR IO ARMS 17120331 7/1LIBOR ARMS 17120332 7/1LIBOR IO ARMS 17120333 7/1LIBOR IO ARMS 17120334 7/1LIBOR IO ARMS 17120335 7/1LIBOR IO ARMS 17120336 7/1LIBOR IO ARMS 17120337 7/1LIBOR IO ARMS 17120338 7/1LIBOR IO ARMS 17120339 7/1LIBOR IO ARMS 17120341 7/1LIBOR IO ARMS 17120342 7/1LIBOR IO ARMS 17120343 7/1LIBOR IO ARMS 17120344 7/1LIBOR ARMS 17120346 7/1LIBOR IO ARMS 17120347 7/1LIBOR IO ARMS 17120348 7/1LIBOR IO ARMS 17120349 7/1LIBOR ARMS 17120350 7/1LIBOR IO ARMS 17120351 7/1LIBOR IO ARMS 17120353 7/1LIBOR ARMS 17120354 7/1LIBOR IO ARMS 17120355 7/1LIBOR IO ARMS 17120356 7/1LIBOR IO ARMS 17120357 7/1LIBOR IO ARMS 17120358 7/1LIBOR IO ARMS 17120359 7/1LIBOR IO ARMS 17120360 7/1LIBOR IO ARMS 17120361 7/1LIBOR IO ARMS 17120362 7/1LIBOR IO ARMS 17120363 7/1LIBOR IO ARMS 17120364 7/1LIBOR IO ARMS 17120365 7/1LIBOR IO ARMS 17120366 7/1LIBOR IO ARMS 17120367 7/1LIBOR IO ARMS 17120370 7/1LIBOR IO ARMS 17120371 7/1LIBOR IO ARMS 17120373 7/1LIBOR IO ARMS 17120374 7/1LIBOR IO ARMS 17120375 7/1LIBOR IO ARMS 17120376 7/1LIBOR IO ARMS 17120378 7/1LIBOR IO ARMS 17120379 7/1LIBOR IO ARMS 17120380 7/1LIBOR IO ARMS 17120381 7/1LIBOR IO ARMS 17120382 7/1LIBOR IO ARMS 17120383 7/1LIBOR IO ARMS 17120327 7/1LIBOR IO ARMS 17120328 7/1LIBOR ARMS 17149240 7/1LIBOR IO ARMS 17149241 7/1LIBOR IO ARMS 17149242 7/1LIBOR IO ARMS 17149243 7/1LIBOR IO ARMS 17149244 7/1LIBOR IO ARMS 17149245 7/1LIBOR IO ARMS 17149246 7/1LIBOR IO ARMS 17149247 7/1LIBOR IO ARMS 17149248 7/1LIBOR IO ARMS 17149249 7/1LIBOR IO ARMS 17149250 7/1LIBOR IO ARMS 17149251 7/1LIBOR IO ARMS 17149252 7/1LIBOR IO ARMS 17149100 7/1LIBOR IO ARMS 17149101 7/1LIBOR IO ARMS 17149102 7/1LIBOR ARMS 17129130 7/1LIBOR IO ARMS 17129131 7/1LIBOR IO ARMS 17129132 7/1LIBOR IO ARMS 17129134 7/1LIBOR IO ARMS 17129135 7/1LIBOR ARMS 17129136 7/1LIBOR IO ARMS 17129137 7/1LIBOR IO ARMS 17129139 7/1LIBOR IO ARMS 17129140 7/1LIBOR IO ARMS 17129141 7/1LIBOR ARMS 17129142 7/1LIBOR IO ARMS 17129144 7/1LIBOR IO ARMS 17129145 7/1LIBOR IO ARMS 17129127 7/1LIBOR IO ARMS 17129128 7/1LIBOR IO ARMS 17129129 7/1LIBOR IO ARMS 17120410 7/1LIBOR IO ARMS 17120411 7/1LIBOR IO ARMS 17120413 7/1LIBOR IO ARMS 17120414 7/1LIBOR IO ARMS 17120415 7/1LIBOR IO ARMS 17120416 7/1LIBOR IO ARMS 17120417 7/1LIBOR IO ARMS 17120418 7/1LIBOR IO ARMS 17120419 7/1LIBOR IO ARMS 17120420 7/1LIBOR IO ARMS 17120422 7/1LIBOR IO ARMS 17120423 7/1LIBOR IO ARMS 17120424 7/1LIBOR IO ARMS 17120425 7/1LIBOR IO ARMS 17120426 7/1LIBOR IO ARMS 17149077 7/1LIBOR IO ARMS 17149078 7/1LIBOR IO ARMS 17149079 7/1LIBOR IO ARMS 17149080 7/1LIBOR IO ARMS 17149081 7/1LIBOR IO ARMS 17149082 7/1LIBOR IO ARMS 17149083 7/1LIBOR IO ARMS 17149084 7/1LIBOR IO ARMS 17149086 7/1LIBOR IO ARMS 17149087 7/1LIBOR IO ARMS 17149088 7/1LIBOR ARMS 17149089 7/1LIBOR IO ARMS 17149090 7/1LIBOR ARMS 17149091 7/1LIBOR ARMS 17120401 7/1LIBOR IO ARMS 17120402 7/1LIBOR IO ARMS 17120403 7/1LIBOR IO ARMS 17120404 7/1LIBOR IO ARMS 17120405 7/1LIBOR IO ARMS 17120406 7/1LIBOR IO ARMS 17120407 7/1LIBOR IO ARMS 17120408 7/1LIBOR IO ARMS 17120409 7/1LIBOR IO ARMS 17149092 7/1LIBOR IO ARMS 17149093 7/1LIBOR IO ARMS 17149094 7/1LIBOR IO ARMS 17149095 7/1LIBOR IO ARMS 17149096 7/1LIBOR IO ARMS 17149097 7/1LIBOR IO ARMS 17149098 7/1LIBOR IO ARMS 17149099 7/1LIBOR IO ARMS 17120498 10/1LIBOR IO ARMS 17120455 10/1LIBOR IO ARMS 17120477 10/1LIBOR ARMS 17120490 10/1LIBOR IO ARMS 17120532 10/1LIBOR IO ARMS 17120544 10/1LIBOR IO ARMS 17120540 10/1LIBOR IO ARMS 17120541 10/1LIBOR IO ARMS 17120542 10/1LIBOR IO ARMS 17120543 10/1LIBOR IO ARMS 17120545 10/1LIBOR IO ARMS 17120546 10/1LIBOR IO ARMS 17120547 10/1LIBOR IO ARMS 17120548 10/1LIBOR IO ARMS 17120549 10/1LIBOR IO ARMS 17120550 10/1LIBOR IO ARMS 17120551 10/1LIBOR IO ARMS 17120552 10/1LIBOR IO ARMS 17120553 10/1LIBOR IO ARMS 17120554 10/1LIBOR ARMS 17120555 10/1LIBOR IO ARMS 17120556 10/1LIBOR IO ARMS 17120557 10/1LIBOR IO ARMS 17120558 10/1LIBOR IO ARMS 17120559 10/1LIBOR IO ARMS 17120560 10/1LIBOR IO ARMS 17120561 10/1LIBOR IO ARMS 17120562 10/1LIBOR IO ARMS 17120563 10/1LIBOR IO ARMS 17120564 10/1LIBOR IO ARMS 17120565 10/1LIBOR IO ARMS 17120566 10/1LIBOR IO ARMS 17120567 10/1LIBOR IO ARMS 17120568 10/1LIBOR IO ARMS 17120569 10/1LIBOR IO ARMS 17120570 10/1LIBOR IO ARMS 17120571 10/1LIBOR IO ARMS 17120572 10/1LIBOR IO ARMS 17120573 10/1LIBOR IO ARMS 17120574 10/1LIBOR IO ARMS 17120575 10/1LIBOR IO ARMS 17120576 10/1LIBOR IO ARMS 17120526 10/1LIBOR IO ARMS 17120527 10/1LIBOR IO ARMS 17120528 10/1LIBOR IO ARMS 17120529 10/1LIBOR ARMS 17120530 10/1LIBOR IO ARMS 17120531 10/1LIBOR IO ARMS 17120533 10/1LIBOR IO ARMS 17120534 10/1LIBOR IO ARMS 17120535 10/1LIBOR IO ARMS 17120536 10/1LIBOR ARMS 17120537 10/1LIBOR IO ARMS 17120538 10/1LIBOR IO ARMS 17120539 10/1LIBOR IO ARMS 17120510 10/1LIBOR IO ARMS 17120511 10/1LIBOR IO ARMS 17120512 10/1LIBOR ARMS 17120513 10/1LIBOR ARMS 17120514 10/1LIBOR IO ARMS 17120515 10/1LIBOR IO ARMS 17120516 10/1LIBOR IO ARMS 17120517 10/1LIBOR IO ARMS 17120518 10/1LIBOR IO ARMS 17120519 10/1LIBOR IO ARMS 17120520 10/1LIBOR IO ARMS 17120521 10/1LIBOR IO ARMS 17120522 10/1LIBOR IO ARMS 17120523 10/1LIBOR IO ARMS 17120524 10/1LIBOR IO ARMS 17120525 10/1LIBOR ARMS 17120500 10/1LIBOR IO ARMS 17120501 10/1LIBOR IO ARMS 17120502 10/1LIBOR IO ARMS 17120503 10/1LIBOR IO ARMS 17120504 10/1LIBOR IO ARMS 17120505 10/1LIBOR IO ARMS 17120506 10/1LIBOR IO ARMS 17120507 10/1LIBOR IO ARMS 17120508 10/1LIBOR ARMS 17120509 10/1LIBOR IO ARMS 17149110 10/1LIBOR IO ARMS 17149111 10/1LIBOR IO ARMS 17149112 10/1LIBOR IO ARMS 17149113 10/1LIBOR IO ARMS 17149103 10/1LIBOR IO ARMS 17149105 10/1LIBOR ARMS 17149106 10/1LIBOR IO ARMS 17149107 10/1LIBOR ARMS 17149108 10/1LIBOR IO ARMS 17149109 10/1LIBOR IO ARMS 17120450 10/1LIBOR IO ARMS 17120451 10/1LIBOR IO ARMS 17120452 10/1LIBOR IO ARMS 17120453 10/1LIBOR IO ARMS 17120454 10/1LIBOR IO ARMS 17120456 10/1LIBOR IO ARMS 17120457 10/1LIBOR IO ARMS 17120458 10/1LIBOR IO ARMS 17120459 10/1LIBOR IO ARMS 17120460 10/1LIBOR IO ARMS 17120461 10/1LIBOR IO ARMS 17120462 10/1LIBOR ARMS 17120463 10/1LIBOR IO ARMS 17120464 10/1LIBOR IO ARMS 17120465 10/1LIBOR IO ARMS 17120466 10/1LIBOR ARMS 17120467 10/1LIBOR IO ARMS 17120468 10/1LIBOR IO ARMS 17120469 10/1LIBOR IO ARMS 17120470 10/1LIBOR IO ARMS 17120471 10/1LIBOR IO ARMS 17120472 10/1LIBOR IO ARMS 17120473 10/1LIBOR IO ARMS 17120474 10/1LIBOR IO ARMS 17120476 10/1LIBOR IO ARMS 17120478 10/1LIBOR IO ARMS 17120479 10/1LIBOR IO ARMS 17120480 10/1LIBOR IO ARMS 17120481 10/1LIBOR IO ARMS 17120482 10/1LIBOR IO ARMS 17120483 10/1LIBOR IO ARMS 17120484 10/1LIBOR IO ARMS 17120485 10/1LIBOR IO ARMS 17120486 10/1LIBOR IO ARMS 17120487 10/1LIBOR IO ARMS 17120488 10/1LIBOR IO ARMS 17120489 10/1LIBOR IO ARMS 17120491 10/1LIBOR IO ARMS 17120492 10/1LIBOR IO ARMS 17120493 10/1LIBOR IO ARMS 17120494 10/1LIBOR IO ARMS 17120495 10/1LIBOR IO ARMS 17120496 10/1LIBOR IO ARMS 17120499 10/1LIBOR ARMS 17120429 10/1LIBOR IO ARMS 17120430 10/1LIBOR IO ARMS 17120431 10/1LIBOR IO ARMS 17120432 10/1LIBOR IO ARMS 17120433 10/1LIBOR IO ARMS 17120434 10/1LIBOR IO ARMS 17120436 10/1LIBOR IO ARMS 17120437 10/1LIBOR IO ARMS 17120438 10/1LIBOR IO ARMS 17120440 10/1LIBOR IO ARMS 17120441 10/1LIBOR IO ARMS 17120442 10/1LIBOR IO ARMS 17120443 10/1LIBOR IO ARMS 17120444 10/1LIBOR IO ARMS 17120445 10/1LIBOR IO ARMS 17120446 10/1LIBOR IO ARMS 17120447 10/1LIBOR IO ARMS 17120448 10/1LIBOR IO ARMS 17120449 10/1LIBOR IO ARMS 17181086 5/1LIBOR IO ARMS 17171924 5/1LIBOR IO ARMS 17172078 5/1LIBOR IO ARMS 17175048 5/1LIBOR IO ARMS 17175049 5/1LIBOR IO ARMS 17171987 5/1LIBOR IO ARMS 17172020 5/1LIBOR IO ARMS 17203440 5/1LIBOR IO ARMS 17172004 5/1LIBOR IO ARMS 17172023 5/1LIBOR IO ARMS 17172005 5/1LIBOR IO ARMS 17203443 5/1LIBOR IO ARMS 17203445 5/1LIBOR IO ARMS 17203409 5/1LIBOR IO ARMS 17172044 5/1LIBOR IO ARMS 17203427 5/1LIBOR ARMS 17172008 5/1LIBOR IO ARMS 17181117 5/1LIBOR IO ARMS 17172064 5/1LIBOR IO ARMS 17203267 5/1LIBOR IO ARMS 17175071 5/1LIBOR IO ARMS 17172065 5/1LIBOR IO ARMS 17175054 5/1LIBOR IO ARMS 17172048 5/1LIBOR IO ARMS 17172049 5/1LIBOR ARMS 17171951 5/1LIBOR IO ARMS 17171995 5/1LIBOR IO ARMS 17203410 5/1LIBOR IO ARMS 17181120 5/1LIBOR IO ARMS 17172112 5/1LIBOR IO ARMS 17172014 5/1LIBOR IO ARMS 17203451 5/1LIBOR IO ARMS 17172051 5/1LIBOR IO ARMS 17203255 5/1LIBOR ARMS 17172053 5/1LIBOR ARMS 17203437 5/1LIBOR IO ARMS 17172036 5/1LIBOR IO ARMS 17172136 5/1LIBOR IO ARMS 17172073 5/1LIBOR IO ARMS 17172055 5/1LIBOR IO ARMS 17203294 5/1LIBOR IO ARMS 17203278 5/1LIBOR IO ARMS 17203359 5/1LIBOR IO ARMS 17172039 5/1LIBOR ARMS 17203396 5/1LIBOR IO ARMS 17203423 5/1LIBOR ARMS 17203388 5/1LIBOR ARMS 17203364 5/1LIBOR IO ARMS 17203354 5/1LIBOR IO ARMS 17203317 5/6LIBOR IO ARMS 17171965 5/1LIBOR IO ARMS 17203331 5/1LIBOR ARMS 17172132 5/1LIBOR IO ARMS 17172133 5/1LIBOR IO ARMS 17172127 5/1LIBOR IO ARMS 17172130 5/1LIBOR IO ARMS 17172104 5/1LIBOR IO ARMS 17172114 5/1LIBOR IO ARMS 17172125 5/1LIBOR IO ARMS 17172126 5/1LIBOR IO ARMS 17171998 5/1LIBOR IO ARMS 17172001 5/1LIBOR IO ARMS 17172002 5/1LIBOR IO ARMS 17172010 5/1LIBOR IO ARMS 17172022 5/1LIBOR IO ARMS 17172033 5/1LIBOR IO ARMS 17172041 5/1LIBOR IO ARMS 17172057 5/6LIBOR IO ARMS 17172061 5/1LIBOR IO ARMS 17172068 5/1LIBOR IO ARMS 17172074 5/1LIBOR IO ARMS 17172084 5/1LIBOR IO ARMS 17172086 5/1LIBOR IO ARMS 17171926 5/1LIBOR IO ARMS 17171946 5/1LIBOR IO ARMS 17171952 5/1LIBOR IO ARMS 17171957 5/1LIBOR IO ARMS 17171960 5/1LIBOR IO ARMS 17171979 5/1LIBOR IO ARMS 17171980 5/1LIBOR IO ARMS 17171983 5/1LIBOR IO ARMS 17171990 5/1LIBOR IO ARMS 17171992 5/1LIBOR IO ARMS 17171922 5/1LIBOR IO ARMS 17203303 5/6LIBOR IO ARMS 17203452 5/1LIBOR IO ARMS 17203340 5/1LIBOR IO ARMS 17203351 5/1LIBOR IO ARMS 17203283 5/1LIBOR IO ARMS 17203252 5/1LIBOR IO ARMS 17203412 5/1LIBOR IO ARMS 17203321 5/1LIBOR IO ARMS 17203385 5/1LIBOR IO ARMS 17203392 5/1LIBOR IO ARMS 17203401 5/1LIBOR IO ARMS 17203435 5/1LIBOR IO ARMS 17203383 5/1LIBOR IO ARMS 17203323 5/1LIBOR ARMS 17203449 5/1LIBOR ARMS 17203328 5/1LIBOR IO ARMS 17203339 5/1LIBOR IO ARMS 17203315 5/1LIBOR IO ARMS 17203257 5/1LIBOR IO ARMS 17203295 5/1LIBOR IO ARMS 17203290 5/1LIBOR IO ARMS 17203299 5/1LIBOR ARMS 17203424 5/1LIBOR IO ARMS 17203379 5/1LIBOR IO ARMS 17203256 5/1LIBOR ARMS 17203422 5/1LIBOR IO ARMS 17203253 5/1LIBOR IO ARMS 17203312 5/1LIBOR IO ARMS 17203293 5/1LIBOR IO ARMS 17203418 5/1LIBOR IO ARMS 17203314 5/1LIBOR IO ARMS 17203448 5/1LIBOR IO ARMS 17203384 5/1LIBOR IO ARMS 17203281 5/1LIBOR ARMS 17203348 5/1LIBOR IO ARMS 17203390 5/1LIBOR IO ARMS 17203310 5/1LIBOR IO ARMS 17203363 5/1LIBOR IO ARMS 17203425 5/1LIBOR IO ARMS 17203373 5/1LIBOR IO ARMS 17203266 5/1LIBOR IO ARMS 17203358 5/1LIBOR IO ARMS 17203429 5/1LIBOR IO ARMS 17203371 5/1LIBOR IO ARMS 17203337 5/1LIBOR IO ARMS 17203421 5/1LIBOR IO ARMS 17203430 5/1LIBOR IO ARMS 17203247 5/1LIBOR IO ARMS 17203320 5/1LIBOR IO ARMS 17203405 5/1LIBOR IO ARMS 17203270 5/1LIBOR IO ARMS 17203362 5/1LIBOR IO ARMS 17203361 5/1LIBOR IO ARMS 17203272 5/1LIBOR IO ARMS 17203350 5/1LIBOR IO ARMS 17203403 5/1LIBOR ARMS 17203301 5/1LIBOR IO ARMS 17203349 5/1LIBOR IO ARMS 17203338 5/1LIBOR IO ARMS 17203345 5/1LIBOR IO ARMS 17203307 5/1LIBOR IO ARMS 17203357 5/1LIBOR IO ARMS 17203442 5/1LIBOR IO ARMS 17203277 5/1LIBOR IO ARMS 17203280 5/1LIBOR IO ARMS 17203344 5/1LIBOR IO ARMS 17203381 5/1LIBOR IO ARMS 17203436 5/1LIBOR IO ARMS 17203333 5/1LIBOR IO ARMS 17203316 5/1LIBOR IO ARMS 17203305 5/1LIBOR IO ARMS 17203292 5/1LIBOR IO ARMS 17203419 5/1LIBOR IO ARMS 17203433 5/1LIBOR IO ARMS 17203438 5/1LIBOR IO ARMS 17203284 5/6LIBOR IO ARMS 17203275 5/1LIBOR IO ARMS 17203411 5/1LIBOR IO ARMS 17203324 5/1LIBOR IO ARMS 17203408 5/1LIBOR IO ARMS 17203300 5/1LIBOR IO ARMS 17203273 5/1LIBOR IO ARMS 17203446 5/1LIBOR IO ARMS 17203415 5/1LIBOR IO ARMS 17203389 5/1LIBOR IO ARMS 17203398 5/1LIBOR IO ARMS 17203274 5/6LIBOR IO ARMS 17203318 5/1LIBOR IO ARMS 17203391 5/1LIBOR IO ARMS 17203399 5/1LIBOR IO ARMS 17203450 5/1LIBOR ARMS 17203447 5/1LIBOR IO ARMS 17203453 5/1LIBOR IO ARMS 17203428 5/1LIBOR IO ARMS 17203313 5/1LIBOR ARMS 17203431 5/1LIBOR IO ARMS 17203417 5/1LIBOR IO ARMS 17203343 5/1LIBOR IO ARMS 17203360 5/1LIBOR IO ARMS 17203416 5/1LIBOR IO ARMS 17203406 5/1LIBOR IO ARMS 17203367 5/1LIBOR IO ARMS 17203380 5/1LIBOR IO ARMS 17203286 5/1LIBOR ARMS 17203330 5/1LIBOR IO ARMS 17203249 5/1LIBOR IO ARMS 17203342 5/1LIBOR IO ARMS 17203346 5/1LIBOR IO ARMS 17203264 5/1LIBOR IO ARMS 17203322 5/1LIBOR IO ARMS 17203397 5/1LIBOR IO ARMS 17203407 5/1LIBOR IO ARMS 17203336 5/1LIBOR IO ARMS 17203374 5/1LIBOR IO ARMS 17203329 5/1LIBOR ARMS 17203327 5/1LIBOR IO ARMS 17203369 5/1LIBOR IO ARMS 17203335 5/1LIBOR IO ARMS 17203291 5/1LIBOR ARMS 17203289 5/1LIBOR IO ARMS 17203372 5/1LIBOR IO ARMS 17203296 5/1LIBOR IO ARMS 17203254 5/1LIBOR ARMS 17203444 5/1LIBOR IO ARMS 17203365 5/1LIBOR IO ARMS 17203259 5/1LIBOR IO ARMS 17203366 5/1LIBOR IO ARMS 17203353 5/1LIBOR IO ARMS 17203285 5/1LIBOR IO ARMS 17203352 5/1LIBOR IO ARMS 17203306 5/1LIBOR IO ARMS 17203414 5/1LIBOR ARMS 17203393 5/1LIBOR IO ARMS 17203382 5/1LIBOR IO ARMS 17203302 5/1LIBOR IO ARMS 17203356 5/1LIBOR IO ARMS 17203387 5/1LIBOR IO ARMS 17203377 5/1LIBOR IO ARMS 17203308 5/6LIBOR IO ARMS 17203276 5/1LIBOR ARMS 17203288 5/1LIBOR ARMS 17203378 5/1LIBOR IO ARMS 17203376 5/1LIBOR IO ARMS 17203370 5/1LIBOR IO ARMS 17203248 5/1LIBOR ARMS 17203341 5/1LIBOR IO ARMS 17203334 5/1LIBOR IO ARMS 17203395 5/1LIBOR IO ARMS 17203332 5/1LIBOR IO ARMS 17203309 5/6LIBOR IO ARMS 17203375 5/1LIBOR IO ARMS 17203279 5/1LIBOR IO ARMS 17203386 5/1LIBOR IO ARMS 17203311 5/1LIBOR IO ARMS 17203420 5/1LIBOR IO ARMS 17203402 5/1LIBOR IO ARMS 17203439 5/1LIBOR IO ARMS 17203297 5/1LIBOR ARMS 17203282 5/1LIBOR IO ARMS 17203368 5/1LIBOR IO ARMS 17203394 5/1LIBOR IO ARMS 17203400 5/1LIBOR IO ARMS 17203355 5/1LIBOR IO ARMS 17203404 5/1LIBOR ARMS 17203426 5/1LIBOR ARMS 17203298 5/1LIBOR IO ARMS 17203304 5/1LIBOR IO ARMS 17203434 5/1LIBOR IO ARMS 17171962 5/1LIBOR IO ARMS 17171963 5/1LIBOR IO ARMS 17171966 5/1LIBOR IO ARMS 17171967 5/1LIBOR ARMS 17171968 5/1LIBOR IO ARMS 17171969 5/1LIBOR IO ARMS 17171970 5/1LIBOR IO ARMS 17171971 5/1LIBOR IO ARMS 17171973 5/1LIBOR IO ARMS 17171974 5/1LIBOR IO ARMS 17171978 5/1LIBOR ARMS 17171982 5/1LIBOR IO ARMS 17171985 5/6LIBOR IO ARMS 17171986 5/1LIBOR IO ARMS 17171988 5/1LIBOR IO ARMS 17171989 5/1LIBOR IO ARMS 17171991 5/1LIBOR IO ARMS 17171993 5/1LIBOR IO ARMS 17171996 5/1LIBOR IO ARMS 17171999 5/1LIBOR IO ARMS 17171950 5/6LIBOR IO ARMS 17171955 5/1LIBOR IO ARMS 17171916 5/1LIBOR IO ARMS 17171917 5/1LIBOR IO ARMS 17171918 5/1LIBOR IO ARMS 17171919 5/1LIBOR ARMS 17171920 5/1LIBOR IO ARMS 17171921 5/1LIBOR IO ARMS 17171923 5/1LIBOR IO ARMS 17171925 5/1LIBOR IO ARMS 17171927 5/1LIBOR IO ARMS 17171933 5/1LIBOR IO ARMS 17171935 5/1LIBOR IO ARMS 17171937 5/1LIBOR IO ARMS 17171939 5/1LIBOR IO ARMS 17171945 5/1LIBOR IO ARMS 17171949 5/1LIBOR IO ARMS 17175070 5/1LIBOR IO ARMS 17175072 5/1LIBOR IO ARMS 17175056 5/1LIBOR IO ARMS 17175057 5/1LIBOR IO ARMS 17175059 5/1LIBOR ARMS 17175060 5/1LIBOR ARMS 17175061 5/1LIBOR IO ARMS 17175062 5/1LIBOR IO ARMS 17175063 5/1LIBOR IO ARMS 17175064 5/1LIBOR IO ARMS 17175065 5/1LIBOR IO ARMS 17175066 5/1LIBOR IO ARMS 17175067 5/1LIBOR ARMS 17175068 5/1LIBOR IO ARMS 17175069 5/1LIBOR IO ARMS 17175031 5/1LIBOR IO ARMS 17175032 5/1LIBOR IO ARMS 17175034 5/1LIBOR ARMS 17175035 5/1LIBOR IO ARMS 17175036 5/1LIBOR IO ARMS 17175037 5/1LIBOR IO ARMS 17175040 5/1LIBOR ARMS 17175041 5/1LIBOR IO ARMS 17175042 5/1LIBOR IO ARMS 17175043 5/1LIBOR IO ARMS 17175045 5/1LIBOR IO ARMS 17175046 5/1LIBOR IO ARMS 17175047 5/1LIBOR IO ARMS 17175050 5/1LIBOR IO ARMS 17175051 5/1LIBOR IO ARMS 17175052 5/1LIBOR IO ARMS 17175053 5/1LIBOR IO ARMS 17175024 5/6LIBOR IO ARMS 17175025 5/1LIBOR IO ARMS 17175026 5/1LIBOR IO ARMS 17175027 5/1LIBOR IO ARMS 17175028 5/1LIBOR IO ARMS 17175029 5/1LIBOR IO ARMS 17172120 5/1LIBOR IO ARMS 17172121 5/1LIBOR IO ARMS 17172122 5/1LIBOR IO ARMS 17172123 5/1LIBOR ARMS 17172124 5/1LIBOR IO ARMS 17172128 5/1LIBOR IO ARMS 17172129 5/1LIBOR IO ARMS 17172131 5/1LIBOR IO ARMS 17172134 5/1LIBOR IO ARMS 17172135 5/1LIBOR IO ARMS 17172137 5/1LIBOR IO ARMS 17172138 5/1LIBOR IO ARMS 17172139 5/1LIBOR IO ARMS 17172100 5/1LIBOR IO ARMS 17172101 5/1LIBOR ARMS 17172102 5/1LIBOR IO ARMS 17172103 5/1LIBOR IO ARMS 17172105 5/1LIBOR IO ARMS 17172106 5/1LIBOR IO ARMS 17172107 5/1LIBOR ARMS 17172108 5/1LIBOR ARMS 17172109 5/1LIBOR IO ARMS 17172110 5/1LIBOR IO ARMS 17172111 5/1LIBOR ARMS 17172113 5/1LIBOR IO ARMS 17172115 5/1LIBOR IO ARMS 17172116 5/1LIBOR IO ARMS 17172117 5/1LIBOR IO ARMS 17172119 5/1LIBOR IO ARMS 17181161 5/1LIBOR IO ARMS 17172090 5/1LIBOR IO ARMS 17181162 5/1LIBOR IO ARMS 17172091 5/1LIBOR IO ARMS 17172092 5/1LIBOR IO ARMS 17172093 5/1LIBOR IO ARMS 17172094 5/1LIBOR IO ARMS 17172095 5/1LIBOR IO ARMS 17172097 5/1LIBOR IO ARMS 17172098 5/1LIBOR IO ARMS 17172099 5/1LIBOR IO ARMS 17181150 5/1LIBOR IO ARMS 17181151 5/1LIBOR ARMS 17172080 5/1LIBOR IO ARMS 17181152 5/1LIBOR IO ARMS 17172081 5/1LIBOR IO ARMS 17181153 5/1LIBOR ARMS 17172082 5/1LIBOR IO ARMS 17181154 5/1LIBOR IO ARMS 17172083 5/1LIBOR ARMS 17172085 5/1LIBOR IO ARMS 17181158 5/1LIBOR IO ARMS 17172087 5/1LIBOR IO ARMS 17181159 5/1LIBOR IO ARMS 17172088 5/1LIBOR IO ARMS 17172089 5/1LIBOR IO ARMS 17172060 5/1LIBOR IO ARMS 17181132 5/1LIBOR ARMS 17181133 5/1LIBOR IO ARMS 17172062 5/1LIBOR IO ARMS 17181134 5/1LIBOR ARMS 17172063 5/1LIBOR IO ARMS 17181135 5/1LIBOR ARMS 17181136 5/1LIBOR IO ARMS 17172066 5/1LIBOR IO ARMS 17181138 5/1LIBOR IO ARMS 17172067 5/1LIBOR IO ARMS 17172069 5/1LIBOR IO ARMS 17181140 5/1LIBOR IO ARMS 17172070 5/1LIBOR IO ARMS 17172071 5/1LIBOR ARMS 17181143 5/1LIBOR IO ARMS 17172072 5/1LIBOR IO ARMS 17181145 5/1LIBOR IO ARMS 17181146 5/1LIBOR ARMS 17172075 5/1LIBOR IO ARMS 17181147 5/1LIBOR IO ARMS 17172076 5/1LIBOR ARMS 17181148 5/1LIBOR IO ARMS 17172077 5/1LIBOR IO ARMS 17172079 5/1LIBOR IO ARMS 17181130 5/1LIBOR IO ARMS 17181131 5/1LIBOR IO ARMS 17181121 5/1LIBOR ARMS 17172050 5/1LIBOR ARMS 17181122 5/1LIBOR IO ARMS 17181123 5/1LIBOR IO ARMS 17172052 5/1LIBOR IO ARMS 17181124 5/1LIBOR IO ARMS 17181125 5/1LIBOR IO ARMS 17172054 5/1LIBOR IO ARMS 17181126 5/1LIBOR IO ARMS 17172056 5/1LIBOR IO ARMS 17172059 5/1LIBOR IO ARMS 17172047 5/1LIBOR IO ARMS 17181119 5/1LIBOR IO ARMS 17172021 5/1LIBOR IO ARMS 17172024 5/1LIBOR ARMS 17172025 5/1LIBOR IO ARMS 17172026 5/1LIBOR ARMS 17172027 5/1LIBOR IO ARMS 17172028 5/1LIBOR IO ARMS 17172029 5/1LIBOR IO ARMS 17181100 5/1LIBOR IO ARMS 17181101 5/1LIBOR IO ARMS 17172030 5/1LIBOR IO ARMS 17181102 5/1LIBOR IO ARMS 17172031 5/1LIBOR IO ARMS 17172032 5/1LIBOR ARMS 17181104 5/1LIBOR IO ARMS 17181105 5/1LIBOR IO ARMS 17172034 5/1LIBOR IO ARMS 17181106 5/1LIBOR IO ARMS 17172035 5/1LIBOR IO ARMS 17181107 5/1LIBOR IO ARMS 17181108 5/1LIBOR IO ARMS 17172037 5/1LIBOR IO ARMS 17181109 5/1LIBOR IO ARMS 17172038 5/1LIBOR IO ARMS 17181110 5/1LIBOR IO ARMS 17181111 5/1LIBOR IO ARMS 17172040 5/1LIBOR IO ARMS 17181112 5/1LIBOR IO ARMS 17181113 5/1LIBOR IO ARMS 17172042 5/1LIBOR IO ARMS 17181114 5/1LIBOR IO ARMS 17172043 5/1LIBOR IO ARMS 17181115 5/1LIBOR ARMS 17181116 5/1LIBOR IO ARMS 17172045 5/1LIBOR IO ARMS 17172046 5/1LIBOR IO ARMS 17172017 5/1LIBOR ARMS 17172018 5/1LIBOR ARMS 17172019 5/1LIBOR IO ARMS 17172000 5/1LIBOR IO ARMS 17172006 5/1LIBOR IO ARMS 17172007 5/1LIBOR IO ARMS 17172009 5/1LIBOR IO ARMS 17172011 5/1LIBOR IO ARMS 17172013 5/1LIBOR IO ARMS 17172015 5/1LIBOR IO ARMS 17172016 5/1LIBOR IO ARMS 17181088 5/1LIBOR IO ARMS 17181090 5/1LIBOR IO ARMS 17181092 5/1LIBOR IO ARMS 17181093 5/1LIBOR IO ARMS 17181094 5/1LIBOR IO ARMS 17181095 5/1LIBOR IO ARMS 17181096 5/1LIBOR IO ARMS 17181097 5/1LIBOR IO ARMS 17181099 5/1LIBOR IO ARMS 17181082 5/1LIBOR IO ARMS 17181083 5/1LIBOR IO ARMS 17181084 5/1LIBOR IO ARMS 17181085 5/1LIBOR IO ARMS 17172140 5/1LIBOR IO ARMS 17172141 5/1LIBOR IO ARMS 17172142 5/1LIBOR IO ARMS 17175038 5/1LIBOR IO ARMS 17175039 5/1LIBOR IO ARMS 17175044 5/1LIBOR IO ARMS 17175073 5/1LIBOR IO ARMS 17181098 5/1LIBOR IO ARMS 17181103 5/1LIBOR IO ARMS 17181118 5/1LIBOR IO ARMS 17181128 5/1LIBOR IO ARMS 17181129 5/1LIBOR IO ARMS 17181137 5/1LIBOR IO ARMS 17181139 5/1LIBOR IO ARMS 17181144 5/1LIBOR ARMS 17181149 5/1LIBOR IO ARMS 17181155 5/1LIBOR IO ARMS 17181156 5/1LIBOR IO ARMS 17181157 5/1LIBOR IO ARMS 17181160 5/1LIBOR IO ARMS 17171928 5/1LIBOR IO ARMS 17171929 5/1LIBOR IO ARMS 17171930 5/1LIBOR IO ARMS 17171931 5/1LIBOR IO ARMS 17171932 5/1LIBOR ARMS 17171934 5/1LIBOR IO ARMS 17171936 5/1LIBOR IO ARMS 17171938 5/1LIBOR IO ARMS 17171940 5/1LIBOR IO ARMS 17171941 5/1LIBOR IO ARMS 17171942 5/1LIBOR IO ARMS 17171943 5/1LIBOR IO ARMS 17171944 5/1LIBOR IO ARMS 17171947 5/1LIBOR IO ARMS 17171948 5/1LIBOR IO ARMS 17171953 5/1LIBOR IO ARMS 17171954 5/1LIBOR IO ARMS 17171956 5/1LIBOR IO ARMS 17171958 5/1LIBOR IO ARMS 17171959 5/1LIBOR IO ARMS 17171961 5/1LIBOR IO ARMS 17171964 5/1LIBOR IO ARMS 17171975 5/1LIBOR IO ARMS 17171976 5/1LIBOR IO ARMS 17171977 5/1LIBOR IO ARMS 17171981 5/1LIBOR IO ARMS 17171984 5/1LIBOR IO ARMS 17171994 5/6LIBOR IO ARMS 17171997 5/1LIBOR IO ARMS 17172003 5/1LIBOR IO ARMS 17172058 5/1LIBOR IO ARMS 17175030 5/1LIBOR IO ARMS 17175033 5/1LIBOR IO ARMS 17175055 5/6LIBOR IO ARMS 17181087 5/1LIBOR IO ARMS 17181089 5/1LIBOR IO ARMS 17181091 5/1LIBOR IO ARMS 17181127 5/1LIBOR IO ARMS 17172118 5/1LIBOR IO ARMS 17181142 5/1LIBOR IO ARMS LOAN_SEQ PREPAY PP_DESC 17020574 No_PP 0MPP 17020737 Prepay 60MPP 17020575 No_PP 0MPP 17020498 No_PP 0MPP 17020499 No_PP 0MPP 17020820 Prepay 60MPP 17020821 Prepay 36MPP 17020660 Prepay 60MPP 17020822 No_PP 0MPP 17020661 No_PP 0MPP 17020823 No_PP 0MPP 17020662 Prepay 12MPP 17020824 No_PP 0MPP 17020663 No_PP 0MPP 17020825 No_PP 0MPP 17020664 No_PP 0MPP 17020826 No_PP 0MPP 17020665 No_PP 0MPP 17020827 Prepay 12MPP 17020828 Prepay 12MPP 17020667 No_PP 0MPP 17020829 No_PP 0MPP 17020668 No_PP 0MPP 17020669 No_PP 0MPP 17020830 No_PP 0MPP 17020831 Prepay 12MPP 17020670 No_PP 0MPP 17020832 Prepay 12MPP 17020833 Prepay 12MPP 17020671 No_PP 0MPP 17020834 Prepay 12MPP 17020672 No_PP 0MPP 17020835 Prepay 12MPP 17020673 No_PP 0MPP 17020836 Prepay 12MPP 17020674 No_PP 0MPP 17020837 Prepay 12MPP 17020675 No_PP 0MPP 17020838 No_PP 0MPP 17020676 No_PP 0MPP 17020839 Prepay 60MPP 17020677 Prepay 12MPP 17020678 Prepay 12MPP 17020679 Prepay 12MPP 17020840 Prepay 60MPP 17020841 Prepay 12MPP 17020842 Prepay 12MPP 17020680 No_PP 0MPP 17020843 Prepay 12MPP 17020681 No_PP 0MPP 17020844 Prepay 12MPP 17020682 No_PP 0MPP 17020845 Prepay 12MPP 17020683 No_PP 0MPP 17020846 Prepay 12MPP 17020684 No_PP 0MPP 17020685 No_PP 0MPP 17020848 Prepay 36MPP 17020686 No_PP 0MPP 17020849 Prepay 36MPP 17020687 No_PP 0MPP 17020688 No_PP 0MPP 17020689 No_PP 0MPP 17020850 Prepay 36MPP 17020657 No_PP 0MPP 17020495 No_PP 0MPP 17020819 No_PP 0MPP 17020658 No_PP 0MPP 17020496 No_PP 0MPP 17020659 No_PP 0MPP 17020497 No_PP 0MPP 17020492 No_PP 0MPP 17020816 No_PP 0MPP 17020655 No_PP 0MPP 17020493 No_PP 0MPP 17020817 Prepay 12MPP 17020656 No_PP 0MPP 17020494 No_PP 0MPP 17020812 Prepay 12MPP 17020651 No_PP 0MPP 17020813 No_PP 0MPP 17020814 No_PP 0MPP 17020652 No_PP 0MPP 17020490 No_PP 0MPP 17020491 No_PP 0MPP 17020815 No_PP 0MPP 17020654 No_PP 0MPP 17020500 Prepay 12MPP 17020501 Prepay 36MPP 17020502 No_PP 0MPP 17020503 No_PP 0MPP 17020504 No_PP 0MPP 17020505 No_PP 0MPP 17020506 No_PP 0MPP 17020507 No_PP 0MPP 17020508 No_PP 0MPP 17020509 No_PP 0MPP 17020510 No_PP 0MPP 17020511 No_PP 0MPP 17020512 No_PP 0MPP 17020513 No_PP 0MPP 17020514 No_PP 0MPP 17020515 No_PP 0MPP 17020516 Prepay 12MPP 17020517 No_PP 0MPP 17020518 No_PP 0MPP 17020519 No_PP 0MPP 17020520 No_PP 0MPP 17020521 No_PP 0MPP 17020522 No_PP 0MPP 17020523 No_PP 0MPP 17020524 No_PP 0MPP 17020525 Prepay 36MPP 17020526 No_PP 0MPP 17020527 No_PP 0MPP 17020528 No_PP 0MPP 17020529 No_PP 0MPP 17020530 No_PP 0MPP 17020531 No_PP 0MPP 17020532 No_PP 0MPP 17020533 No_PP 0MPP 17020534 No_PP 0MPP 17020535 No_PP 0MPP 17020536 No_PP 0MPP 17020537 No_PP 0MPP 17020538 No_PP 0MPP 17020539 No_PP 0MPP 17020700 No_PP 0MPP 17020701 Prepay 12MPP 17020702 No_PP 0MPP 17020540 No_PP 0MPP 17020703 No_PP 0MPP 17020541 No_PP 0MPP 17020704 Prepay 12MPP 17020542 No_PP 0MPP 17020705 No_PP 0MPP 17020543 No_PP 0MPP 17020706 No_PP 0MPP 17020544 No_PP 0MPP 17020707 No_PP 0MPP 17020545 No_PP 0MPP 17020708 No_PP 0MPP 17020546 No_PP 0MPP 17020547 No_PP 0MPP 17020385 No_PP 0MPP 17020548 No_PP 0MPP 17020386 No_PP 0MPP 17020549 Prepay 12MPP 17020387 No_PP 0MPP 17020388 Prepay 12MPP 17020389 No_PP 0MPP 17020710 No_PP 0MPP 17020711 No_PP 0MPP 17020550 No_PP 0MPP 17020712 Prepay 12MPP 17020551 No_PP 0MPP 17020713 No_PP 0MPP 17020714 Prepay 36MPP 17020552 No_PP 0MPP 17020715 No_PP 0MPP 17020553 No_PP 0MPP 17020391 No_PP 0MPP 17020392 No_PP 0MPP 17020554 No_PP 0MPP 17020716 No_PP 0MPP 17020717 Prepay 12MPP 17020555 No_PP 0MPP 17020393 No_PP 0MPP 17020718 Prepay 12MPP 17020556 No_PP 0MPP 17020394 No_PP 0MPP 17020395 No_PP 0MPP 17020557 No_PP 0MPP 17020719 No_PP 0MPP 17020558 No_PP 0MPP 17020397 No_PP 0MPP 17020559 No_PP 0MPP 17020398 No_PP 0MPP 17020399 Prepay 36MPP 17020720 No_PP 0MPP 17020721 Prepay 60MPP 17020722 No_PP 0MPP 17020560 No_PP 0MPP 17020723 No_PP 0MPP 17020561 No_PP 0MPP 17020724 Prepay 12MPP 17020562 No_PP 0MPP 17020725 No_PP 0MPP 17020563 No_PP 0MPP 17020726 Prepay 12MPP 17020564 No_PP 0MPP 17020727 Prepay 12MPP 17020565 No_PP 0MPP 17020728 No_PP 0MPP 17020566 No_PP 0MPP 17020729 Prepay 60MPP 17020567 No_PP 0MPP 17020568 Prepay 36MPP 17020569 Prepay 36MPP 17020730 Prepay 36MPP 17020731 No_PP 0MPP 17020732 Prepay 12MPP 17020570 No_PP 0MPP 17020733 No_PP 0MPP 17020571 Prepay 36MPP 17020734 Prepay 12MPP 17020572 No_PP 0MPP 17020735 No_PP 0MPP 17020573 No_PP 0MPP 17020736 Prepay 12MPP 17020487 Prepay 12MPP 17020488 No_PP 0MPP 17020489 No_PP 0MPP 17020810 Prepay 12MPP 17020811 Prepay 12MPP 17020650 No_PP 0MPP 17020791 No_PP 0MPP 17020792 No_PP 0MPP 17020793 Prepay 36MPP 17020794 Prepay 12MPP 17020795 No_PP 0MPP 17020796 No_PP 0MPP 17020797 Prepay 12MPP 17020798 No_PP 0MPP 17020799 No_PP 0MPP 17020790 No_PP 0MPP 17020646 No_PP 0MPP 17020484 No_PP 0MPP 17020808 Prepay 12MPP 17020647 No_PP 0MPP 17020485 No_PP 0MPP 17020809 Prepay 12MPP 17020648 No_PP 0MPP 17020486 No_PP 0MPP 17020649 No_PP 0MPP 17020781 Prepay 12MPP 17020782 No_PP 0MPP 17020783 No_PP 0MPP 17020784 No_PP 0MPP 17020785 No_PP 0MPP 17020786 No_PP 0MPP 17020787 No_PP 0MPP 17020788 Prepay 12MPP 17020789 No_PP 0MPP 17020612 No_PP 0MPP 17020450 No_PP 0MPP 17020613 No_PP 0MPP 17020451 No_PP 0MPP 17020614 No_PP 0MPP 17020452 No_PP 0MPP 17020615 No_PP 0MPP 17020453 No_PP 0MPP 17020616 No_PP 0MPP 17020454 No_PP 0MPP 17020617 No_PP 0MPP 17020455 No_PP 0MPP 17020456 No_PP 0MPP 17020618 Prepay 12MPP 17020619 No_PP 0MPP 17020457 No_PP 0MPP 17020458 No_PP 0MPP 17020459 Prepay 12MPP 17020620 No_PP 0MPP 17020621 No_PP 0MPP 17020622 No_PP 0MPP 17020460 Prepay 12MPP 17020623 No_PP 0MPP 17020461 No_PP 0MPP 17020624 No_PP 0MPP 17020462 No_PP 0MPP 17020625 No_PP 0MPP 17020463 No_PP 0MPP 17020626 No_PP 0MPP 17020464 No_PP 0MPP 17020627 No_PP 0MPP 17020465 No_PP 0MPP 17020628 No_PP 0MPP 17020466 Prepay 36MPP 17020629 No_PP 0MPP 17020467 No_PP 0MPP 17020468 No_PP 0MPP 17020469 No_PP 0MPP 17020630 No_PP 0MPP 17020631 No_PP 0MPP 17020632 No_PP 0MPP 17020470 No_PP 0MPP 17020633 Prepay 12MPP 17020471 No_PP 0MPP 17020634 No_PP 0MPP 17020472 No_PP 0MPP 17020635 No_PP 0MPP 17020473 No_PP 0MPP 17020636 No_PP 0MPP 17020474 No_PP 0MPP 17020637 No_PP 0MPP 17020475 No_PP 0MPP 17020638 No_PP 0MPP 17020476 No_PP 0MPP 17020477 Prepay 60MPP 17020478 No_PP 0MPP 17020479 No_PP 0MPP 17020800 No_PP 0MPP 17020801 No_PP 0MPP 17020640 No_PP 0MPP 17020802 Prepay 12MPP 17020641 No_PP 0MPP 17020803 No_PP 0MPP 17020642 No_PP 0MPP 17020480 No_PP 0MPP 17020804 No_PP 0MPP 17020643 No_PP 0MPP 17020481 No_PP 0MPP 17020805 No_PP 0MPP 17020644 No_PP 0MPP 17020482 No_PP 0MPP 17020806 Prepay 12MPP 17020645 No_PP 0MPP 17020483 No_PP 0MPP 17020807 Prepay 12MPP 17020436 No_PP 0MPP 17020437 No_PP 0MPP 17020438 No_PP 0MPP 17020439 No_PP 0MPP 17020600 No_PP 0MPP 17020601 No_PP 0MPP 17020602 No_PP 0MPP 17020440 No_PP 0MPP 17020603 No_PP 0MPP 17020441 No_PP 0MPP 17020604 No_PP 0MPP 17020442 No_PP 0MPP 17020605 No_PP 0MPP 17020606 No_PP 0MPP 17020444 No_PP 0MPP 17020607 No_PP 0MPP 17020445 No_PP 0MPP 17020608 No_PP 0MPP 17020446 No_PP 0MPP 17020609 No_PP 0MPP 17020447 No_PP 0MPP 17020448 No_PP 0MPP 17020449 No_PP 0MPP 17020610 No_PP 0MPP 17020611 No_PP 0MPP 17020771 Prepay 12MPP 17020772 Prepay 36MPP 17020773 Prepay 12MPP 17020774 No_PP 0MPP 17020775 No_PP 0MPP 17020777 No_PP 0MPP 17020778 Prepay 12MPP 17020779 No_PP 0MPP 17020780 Prepay 12MPP 17020400 No_PP 0MPP 17020401 Prepay 12MPP 17020402 No_PP 0MPP 17020403 No_PP 0MPP 17020404 No_PP 0MPP 17020405 No_PP 0MPP 17020406 Prepay 12MPP 17020407 No_PP 0MPP 17020408 No_PP 0MPP 17020409 No_PP 0MPP 17020410 No_PP 0MPP 17020411 Prepay 12MPP 17020412 No_PP 0MPP 17020413 No_PP 0MPP 17020415 No_PP 0MPP 17020416 No_PP 0MPP 17020417 No_PP 0MPP 17020418 No_PP 0MPP 17020419 Prepay 12MPP 17020420 No_PP 0MPP 17020421 No_PP 0MPP 17020422 No_PP 0MPP 17020423 No_PP 0MPP 17020424 No_PP 0MPP 17020425 No_PP 0MPP 17020427 No_PP 0MPP 17020428 No_PP 0MPP 17020429 No_PP 0MPP 17020430 No_PP 0MPP 17020431 No_PP 0MPP 17020432 No_PP 0MPP 17020433 No_PP 0MPP 17020434 No_PP 0MPP 17020761 No_PP 0MPP 17020762 Prepay 12MPP 17020763 No_PP 0MPP 17020764 No_PP 0MPP 17020765 No_PP 0MPP 17020766 No_PP 0MPP 17020767 No_PP 0MPP 17020768 No_PP 0MPP 17020769 No_PP 0MPP 17020770 No_PP 0MPP 17020851 Prepay 12MPP 17020852 Prepay 12MPP 17020690 No_PP 0MPP 17020853 Prepay 12MPP 17020691 No_PP 0MPP 17020854 Prepay 12MPP 17020692 No_PP 0MPP 17020855 Prepay 12MPP 17020693 No_PP 0MPP 17020856 No_PP 0MPP 17020694 No_PP 0MPP 17020857 Prepay 12MPP 17020695 No_PP 0MPP 17020858 Prepay 60MPP 17020696 Prepay 12MPP 17020859 Prepay 60MPP 17020697 No_PP 0MPP 17020698 No_PP 0MPP 17020699 No_PP 0MPP 17020860 No_PP 0MPP 17020861 Prepay 60MPP 17020862 Prepay 36MPP 17020740 Prepay 12MPP 17020741 Prepay 12MPP 17020742 Prepay 12MPP 17020580 No_PP 0MPP 17020743 No_PP 0MPP 17020581 No_PP 0MPP 17020744 No_PP 0MPP 17020582 No_PP 0MPP 17020745 No_PP 0MPP 17020583 No_PP 0MPP 17020746 No_PP 0MPP 17020584 No_PP 0MPP 17020747 Prepay 12MPP 17020585 No_PP 0MPP 17020748 No_PP 0MPP 17020586 No_PP 0MPP 17020749 Prepay 12MPP 17020587 No_PP 0MPP 17020588 Prepay 36MPP 17020589 No_PP 0MPP 17020750 Prepay 36MPP 17020751 Prepay 12MPP 17020590 No_PP 0MPP 17020752 Prepay 12MPP 17020591 No_PP 0MPP 17020753 Prepay 12MPP 17020592 No_PP 0MPP 17020754 No_PP 0MPP 17020593 No_PP 0MPP 17020755 Prepay 12MPP 17020594 No_PP 0MPP 17020756 Prepay 12MPP 17020595 No_PP 0MPP 17020757 Prepay 12MPP 17020596 No_PP 0MPP 17020758 Prepay 12MPP 17020597 No_PP 0MPP 17020759 Prepay 12MPP 17020598 Prepay 12MPP 17020599 No_PP 0MPP 17020760 Prepay 60MPP 17020738 No_PP 0MPP 17020576 No_PP 0MPP 17020739 No_PP 0MPP 17020577 No_PP 0MPP 17020578 No_PP 0MPP 17020390 No_PP 0MPP 17149253 No_PP 0MPP 17129133 No_PP 0MPP 17120372 No_PP 0MPP 17120377 No_PP 0MPP 17120399 No_PP 0MPP 17129138 No_PP 0MPP 17120386 Prepay 36MPP 17120389 No_PP 0MPP 17120412 No_PP 0MPP 17120421 No_PP 0MPP 17120390 Prepay 60MPP 17120391 Prepay 12MPP 17120392 Prepay 12MPP 17120393 No_PP 0MPP 17120394 Prepay 12MPP 17120395 No_PP 0MPP 17120397 No_PP 0MPP 17120398 No_PP 0MPP 17120385 No_PP 0MPP 17120387 No_PP 0MPP 17120388 No_PP 0MPP 17120384 No_PP 0MPP 17120330 No_PP 0MPP 17120331 No_PP 0MPP 17120332 No_PP 0MPP 17120333 No_PP 0MPP 17120334 No_PP 0MPP 17120335 Prepay 12MPP 17120336 No_PP 0MPP 17120337 Prepay 12MPP 17120338 Prepay 36MPP 17120339 Prepay 36MPP 17120341 No_PP 0MPP 17120342 Prepay 60MPP 17120343 Prepay 12MPP 17120344 Prepay 12MPP 17120346 No_PP 0MPP 17120347 No_PP 0MPP 17120348 No_PP 0MPP 17120349 No_PP 0MPP 17120350 No_PP 0MPP 17120351 Prepay 12MPP 17120353 Prepay 60MPP 17120354 Prepay 12MPP 17120355 No_PP 0MPP 17120356 Prepay 60MPP 17120357 No_PP 0MPP 17120358 No_PP 0MPP 17120359 No_PP 0MPP 17120360 No_PP 0MPP 17120361 No_PP 0MPP 17120362 No_PP 0MPP 17120363 No_PP 0MPP 17120364 No_PP 0MPP 17120365 No_PP 0MPP 17120366 Prepay 12MPP 17120367 Prepay 60MPP 17120370 No_PP 0MPP 17120371 Prepay 12MPP 17120373 No_PP 0MPP 17120374 No_PP 0MPP 17120375 Prepay 12MPP 17120376 No_PP 0MPP 17120378 No_PP 0MPP 17120379 No_PP 0MPP 17120380 Prepay 12MPP 17120381 Prepay 12MPP 17120382 No_PP 0MPP 17120383 No_PP 0MPP 17120327 Prepay 12MPP 17120328 No_PP 0MPP 17149240 No_PP 0MPP 17149241 No_PP 0MPP 17149242 No_PP 0MPP 17149243 No_PP 0MPP 17149244 No_PP 0MPP 17149245 No_PP 0MPP 17149246 Prepay 12MPP 17149247 Prepay 12MPP 17149248 Prepay 12MPP 17149249 No_PP 0MPP 17149250 Prepay 12MPP 17149251 Prepay 12MPP 17149252 No_PP 0MPP 17149100 Prepay 12MPP 17149101 Prepay 12MPP 17149102 No_PP 0MPP 17129130 No_PP 0MPP 17129131 No_PP 0MPP 17129132 No_PP 0MPP 17129134 No_PP 0MPP 17129135 No_PP 0MPP 17129136 No_PP 0MPP 17129137 No_PP 0MPP 17129139 No_PP 0MPP 17129140 Prepay 12MPP 17129141 No_PP 0MPP 17129142 Prepay 12MPP 17129144 No_PP 0MPP 17129145 Prepay 12MPP 17129127 No_PP 0MPP 17129128 No_PP 0MPP 17129129 No_PP 0MPP 17120410 Prepay 12MPP 17120411 No_PP 0MPP 17120413 No_PP 0MPP 17120414 No_PP 0MPP 17120415 No_PP 0MPP 17120416 Prepay 12MPP 17120417 No_PP 0MPP 17120418 No_PP 0MPP 17120419 No_PP 0MPP 17120420 Prepay 12MPP 17120422 No_PP 0MPP 17120423 No_PP 0MPP 17120424 No_PP 0MPP 17120425 No_PP 0MPP 17120426 No_PP 0MPP 17149077 No_PP 0MPP 17149078 No_PP 0MPP 17149079 No_PP 0MPP 17149080 No_PP 0MPP 17149081 Prepay 12MPP 17149082 No_PP 0MPP 17149083 No_PP 0MPP 17149084 No_PP 0MPP 17149086 Prepay 12MPP 17149087 No_PP 0MPP 17149088 No_PP 0MPP 17149089 Prepay 12MPP 17149090 No_PP 0MPP 17149091 Prepay 12MPP 17120401 Prepay 12MPP 17120402 No_PP 0MPP 17120403 No_PP 0MPP 17120404 No_PP 0MPP 17120405 No_PP 0MPP 17120406 No_PP 0MPP 17120407 No_PP 0MPP 17120408 Prepay 12MPP 17120409 Prepay 12MPP 17149092 No_PP 0MPP 17149093 No_PP 0MPP 17149094 No_PP 0MPP 17149095 No_PP 0MPP 17149096 No_PP 0MPP 17149097 Prepay 12MPP 17149098 Prepay 12MPP 17149099 Prepay 12MPP 17120498 No_PP 0MPP 17120455 No_PP 0MPP 17120477 No_PP 0MPP 17120490 Prepay 12MPP 17120532 No_PP 0MPP 17120544 No_PP 0MPP 17120540 No_PP 0MPP 17120541 Prepay 36MPP 17120542 Prepay 36MPP 17120543 Prepay 36MPP 17120545 No_PP 0MPP 17120546 No_PP 0MPP 17120547 Prepay 60MPP 17120548 Prepay 12MPP 17120549 No_PP 0MPP 17120550 No_PP 0MPP 17120551 No_PP 0MPP 17120552 Prepay 12MPP 17120553 No_PP 0MPP 17120554 No_PP 0MPP 17120555 Prepay 12MPP 17120556 No_PP 0MPP 17120557 No_PP 0MPP 17120558 Prepay 12MPP 17120559 No_PP 0MPP 17120560 Prepay 12MPP 17120561 No_PP 0MPP 17120562 Prepay 12MPP 17120563 No_PP 0MPP 17120564 Prepay 60MPP 17120565 Prepay 12MPP 17120566 No_PP 0MPP 17120567 No_PP 0MPP 17120568 No_PP 0MPP 17120569 No_PP 0MPP 17120570 No_PP 0MPP 17120571 No_PP 0MPP 17120572 No_PP 0MPP 17120573 Prepay 12MPP 17120574 Prepay 12MPP 17120575 Prepay 36MPP 17120576 Prepay 36MPP 17120526 Prepay 36MPP 17120527 Prepay 12MPP 17120528 Prepay 12MPP 17120529 Prepay 36MPP 17120530 Prepay 12MPP 17120531 Prepay 12MPP 17120533 Prepay 12MPP 17120534 No_PP 0MPP 17120535 Prepay 36MPP 17120536 No_PP 0MPP 17120537 Prepay 60MPP 17120538 No_PP 0MPP 17120539 Prepay 12MPP 17120510 No_PP 0MPP 17120511 No_PP 0MPP 17120512 Prepay 60MPP 17120513 No_PP 0MPP 17120514 No_PP 0MPP 17120515 Prepay 12MPP 17120516 Prepay 12MPP 17120517 Prepay 60MPP 17120518 Prepay 36MPP 17120519 No_PP 0MPP 17120520 No_PP 0MPP 17120521 Prepay 36MPP 17120522 No_PP 0MPP 17120523 Prepay 36MPP 17120524 No_PP 0MPP 17120525 Prepay 36MPP 17120500 No_PP 0MPP 17120501 No_PP 0MPP 17120502 Prepay 60MPP 17120503 Prepay 12MPP 17120504 Prepay 12MPP 17120505 No_PP 0MPP 17120506 No_PP 0MPP 17120507 No_PP 0MPP 17120508 Prepay 12MPP 17120509 Prepay 60MPP 17149110 Prepay 60MPP 17149111 No_PP 0MPP 17149112 No_PP 0MPP 17149113 No_PP 0MPP 17149103 Prepay 36MPP 17149105 No_PP 0MPP 17149106 No_PP 0MPP 17149107 Prepay 36MPP 17149108 No_PP 0MPP 17149109 Prepay 60MPP 17120450 No_PP 0MPP 17120451 Prepay 36MPP 17120452 No_PP 0MPP 17120453 No_PP 0MPP 17120454 No_PP 0MPP 17120456 No_PP 0MPP 17120457 No_PP 0MPP 17120458 No_PP 0MPP 17120459 Prepay 12MPP 17120460 No_PP 0MPP 17120461 No_PP 0MPP 17120462 No_PP 0MPP 17120463 Prepay 12MPP 17120464 No_PP 0MPP 17120465 Prepay 12MPP 17120466 Prepay 60MPP 17120467 No_PP 0MPP 17120468 No_PP 0MPP 17120469 No_PP 0MPP 17120470 Prepay 12MPP 17120471 No_PP 0MPP 17120472 Prepay 36MPP 17120473 Prepay 12MPP 17120474 Prepay 12MPP 17120476 No_PP 0MPP 17120478 No_PP 0MPP 17120479 No_PP 0MPP 17120480 Prepay 12MPP 17120481 Prepay 36MPP 17120482 No_PP 0MPP 17120483 Prepay 12MPP 17120484 No_PP 0MPP 17120485 No_PP 0MPP 17120486 No_PP 0MPP 17120487 Prepay 36MPP 17120488 No_PP 0MPP 17120489 Prepay 36MPP 17120491 Prepay 12MPP 17120492 No_PP 0MPP 17120493 No_PP 0MPP 17120494 Prepay 12MPP 17120495 No_PP 0MPP 17120496 Prepay 60MPP 17120499 No_PP 0MPP 17120429 Prepay 36MPP 17120430 No_PP 0MPP 17120431 No_PP 0MPP 17120432 No_PP 0MPP 17120433 No_PP 0MPP 17120434 No_PP 0MPP 17120436 No_PP 0MPP 17120437 No_PP 0MPP 17120438 No_PP 0MPP 17120440 No_PP 0MPP 17120441 No_PP 0MPP 17120442 No_PP 0MPP 17120443 No_PP 0MPP 17120444 Prepay 60MPP 17120445 No_PP 0MPP 17120446 No_PP 0MPP 17120447 No_PP 0MPP 17120448 Prepay 12MPP 17120449 No_PP 0MPP 17181086 No_PP 0MPP 17171924 No_PP 0MPP 17172078 No_PP 0MPP 17175048 No_PP 0MPP 17175049 No_PP 0MPP 17171987 No_PP 0MPP 17172020 No_PP 0MPP 17203440 Prepay 60MPP 17172004 No_PP 0MPP 17172023 No_PP 0MPP 17172005 No_PP 0MPP 17203443 No_PP 0MPP 17203445 No_PP 0MPP 17203409 Prepay 12MPP 17172044 No_PP 0MPP 17203427 Prepay 36MPP 17172008 No_PP 0MPP 17181117 No_PP 0MPP 17172064 Prepay 60MPP 17203267 No_PP 0MPP 17175071 No_PP 0MPP 17172065 No_PP 0MPP 17175054 No_PP 0MPP 17172048 No_PP 0MPP 17172049 No_PP 0MPP 17171951 No_PP 0MPP 17171995 No_PP 0MPP 17203410 No_PP 0MPP 17181120 No_PP 0MPP 17172112 No_PP 0MPP 17172014 Prepay 60MPP 17203451 No_PP 0MPP 17172051 Prepay 12MPP 17203255 No_PP 0MPP 17172053 No_PP 0MPP 17203437 No_PP 0MPP 17172036 Prepay 12MPP 17172136 Prepay 60MPP 17172073 Prepay 12MPP 17172055 No_PP 0MPP 17203294 No_PP 0MPP 17203278 No_PP 0MPP 17203359 Prepay 12MPP 17172039 No_PP 0MPP 17203396 No_PP 0MPP 17203423 Prepay 60MPP 17203388 Prepay 36MPP 17203364 No_PP 0MPP 17203354 Prepay 12MPP 17203317 No_PP 0MPP 17171965 Prepay 60MPP 17203331 No_PP 0MPP 17172132 No_PP 0MPP 17172133 No_PP 0MPP 17172127 No_PP 0MPP 17172130 No_PP 0MPP 17172104 No_PP 0MPP 17172114 Prepay 12MPP 17172125 No_PP 0MPP 17172126 No_PP 0MPP 17171998 No_PP 0MPP 17172001 No_PP 0MPP 17172002 No_PP 0MPP 17172010 No_PP 0MPP 17172022 No_PP 0MPP 17172033 Prepay 12MPP 17172041 Prepay 12MPP 17172057 No_PP 0MPP 17172061 No_PP 0MPP 17172068 No_PP 0MPP 17172074 Prepay 12MPP 17172084 No_PP 0MPP 17172086 No_PP 0MPP 17171926 No_PP 0MPP 17171946 No_PP 0MPP 17171952 No_PP 0MPP 17171957 No_PP 0MPP 17171960 Prepay 36MPP 17171979 Prepay 36MPP 17171980 No_PP 0MPP 17171983 No_PP 0MPP 17171990 No_PP 0MPP 17171992 Prepay 12MPP 17171922 No_PP 0MPP 17203303 No_PP 0MPP 17203452 No_PP 0MPP 17203340 No_PP 0MPP 17203351 No_PP 0MPP 17203283 No_PP 0MPP 17203252 No_PP 0MPP 17203412 Prepay 12MPP 17203321 No_PP 0MPP 17203385 No_PP 0MPP 17203392 No_PP 0MPP 17203401 No_PP 0MPP 17203435 No_PP 0MPP 17203383 No_PP 0MPP 17203323 No_PP 0MPP 17203449 No_PP 0MPP 17203328 No_PP 0MPP 17203339 Prepay 12MPP 17203315 No_PP 0MPP 17203257 No_PP 0MPP 17203295 No_PP 0MPP 17203290 No_PP 0MPP 17203299 No_PP 0MPP 17203424 No_PP 0MPP 17203379 No_PP 0MPP 17203256 No_PP 0MPP 17203422 Prepay 12MPP 17203253 No_PP 0MPP 17203312 Prepay 36MPP 17203293 No_PP 0MPP 17203418 No_PP 0MPP 17203314 No_PP 0MPP 17203448 No_PP 0MPP 17203384 No_PP 0MPP 17203281 No_PP 0MPP 17203348 No_PP 0MPP 17203390 Prepay 12MPP 17203310 No_PP 0MPP 17203363 No_PP 0MPP 17203425 No_PP 0MPP 17203373 No_PP 0MPP 17203266 No_PP 0MPP 17203358 Prepay 60MPP 17203429 No_PP 0MPP 17203371 Prepay 12MPP 17203337 Prepay 36MPP 17203421 Prepay 36MPP 17203430 No_PP 0MPP 17203247 No_PP 0MPP 17203320 No_PP 0MPP 17203405 Prepay 12MPP 17203270 No_PP 0MPP 17203362 Prepay 60MPP 17203361 No_PP 0MPP 17203272 No_PP 0MPP 17203350 Prepay 12MPP 17203403 No_PP 0MPP 17203301 No_PP 0MPP 17203349 No_PP 0MPP 17203338 No_PP 0MPP 17203345 No_PP 0MPP 17203307 No_PP 0MPP 17203357 Prepay 12MPP 17203442 No_PP 0MPP 17203277 No_PP 0MPP 17203280 No_PP 0MPP 17203344 No_PP 0MPP 17203381 No_PP 0MPP 17203436 No_PP 0MPP 17203333 Prepay 12MPP 17203316 No_PP 0MPP 17203305 No_PP 0MPP 17203292 No_PP 0MPP 17203419 No_PP 0MPP 17203433 No_PP 0MPP 17203438 No_PP 0MPP 17203284 No_PP 0MPP 17203275 No_PP 0MPP 17203411 No_PP 0MPP 17203324 No_PP 0MPP 17203408 Prepay 12MPP 17203300 No_PP 0MPP 17203273 No_PP 0MPP 17203446 Prepay 12MPP 17203415 Prepay 12MPP 17203389 No_PP 0MPP 17203398 No_PP 0MPP 17203274 No_PP 0MPP 17203318 Prepay 36MPP 17203391 No_PP 0MPP 17203399 No_PP 0MPP 17203450 No_PP 0MPP 17203447 No_PP 0MPP 17203453 No_PP 0MPP 17203428 No_PP 0MPP 17203313 No_PP 0MPP 17203431 No_PP 0MPP 17203417 No_PP 0MPP 17203343 No_PP 0MPP 17203360 No_PP 0MPP 17203416 No_PP 0MPP 17203406 Prepay 12MPP 17203367 No_PP 0MPP 17203380 No_PP 0MPP 17203286 No_PP 0MPP 17203330 Prepay 12MPP 17203249 No_PP 0MPP 17203342 No_PP 0MPP 17203346 Prepay 12MPP 17203264 No_PP 0MPP 17203322 No_PP 0MPP 17203397 No_PP 0MPP 17203407 Prepay 12MPP 17203336 Prepay 12MPP 17203374 Prepay 12MPP 17203329 Prepay 36MPP 17203327 Prepay 12MPP 17203369 No_PP 0MPP 17203335 Prepay 12MPP 17203291 No_PP 0MPP 17203289 No_PP 0MPP 17203372 No_PP 0MPP 17203296 No_PP 0MPP 17203254 No_PP 0MPP 17203444 No_PP 0MPP 17203365 No_PP 0MPP 17203259 No_PP 0MPP 17203366 No_PP 0MPP 17203353 No_PP 0MPP 17203285 No_PP 0MPP 17203352 No_PP 0MPP 17203306 No_PP 0MPP 17203414 No_PP 0MPP 17203393 No_PP 0MPP 17203382 No_PP 0MPP 17203302 No_PP 0MPP 17203356 Prepay 12MPP 17203387 Prepay 12MPP 17203377 No_PP 0MPP 17203308 No_PP 0MPP 17203276 No_PP 0MPP 17203288 No_PP 0MPP 17203378 No_PP 0MPP 17203376 No_PP 0MPP 17203370 Prepay 60MPP 17203248 No_PP 0MPP 17203341 No_PP 0MPP 17203334 Prepay 12MPP 17203395 Prepay 12MPP 17203332 Prepay 12MPP 17203309 Prepay 36MPP 17203375 No_PP 0MPP 17203279 No_PP 0MPP 17203386 No_PP 0MPP 17203311 No_PP 0MPP 17203420 No_PP 0MPP 17203402 Prepay 12MPP 17203439 No_PP 0MPP 17203297 No_PP 0MPP 17203282 No_PP 0MPP 17203368 Prepay 12MPP 17203394 No_PP 0MPP 17203400 No_PP 0MPP 17203355 No_PP 0MPP 17203404 No_PP 0MPP 17203426 No_PP 0MPP 17203298 No_PP 0MPP 17203304 No_PP 0MPP 17203434 No_PP 0MPP 17171962 No_PP 0MPP 17171963 No_PP 0MPP 17171966 No_PP 0MPP 17171967 No_PP 0MPP 17171968 No_PP 0MPP 17171969 No_PP 0MPP 17171970 No_PP 0MPP 17171971 No_PP 0MPP 17171973 No_PP 0MPP 17171974 Prepay 12MPP 17171978 No_PP 0MPP 17171982 No_PP 0MPP 17171985 No_PP 0MPP 17171986 No_PP 0MPP 17171988 No_PP 0MPP 17171989 No_PP 0MPP 17171991 No_PP 0MPP 17171993 Prepay 12MPP 17171996 No_PP 0MPP 17171999 No_PP 0MPP 17171950 No_PP 0MPP 17171955 Prepay 36MPP 17171916 No_PP 0MPP 17171917 No_PP 0MPP 17171918 No_PP 0MPP 17171919 Prepay 12MPP 17171920 No_PP 0MPP 17171921 No_PP 0MPP 17171923 No_PP 0MPP 17171925 No_PP 0MPP 17171927 Prepay 12MPP 17171933 No_PP 0MPP 17171935 No_PP 0MPP 17171937 No_PP 0MPP 17171939 No_PP 0MPP 17171945 No_PP 0MPP 17171949 No_PP 0MPP 17175070 Prepay 12MPP 17175072 No_PP 0MPP 17175056 No_PP 0MPP 17175057 No_PP 0MPP 17175059 No_PP 0MPP 17175060 Prepay 12MPP 17175061 No_PP 0MPP 17175062 No_PP 0MPP 17175063 Prepay 12MPP 17175064 Prepay 12MPP 17175065 Prepay 12MPP 17175066 No_PP 0MPP 17175067 No_PP 0MPP 17175068 No_PP 0MPP 17175069 No_PP 0MPP 17175031 No_PP 0MPP 17175032 No_PP 0MPP 17175034 No_PP 0MPP 17175035 No_PP 0MPP 17175036 No_PP 0MPP 17175037 No_PP 0MPP 17175040 No_PP 0MPP 17175041 No_PP 0MPP 17175042 Prepay 36MPP 17175043 No_PP 0MPP 17175045 No_PP 0MPP 17175046 Prepay 60MPP 17175047 No_PP 0MPP 17175050 No_PP 0MPP 17175051 No_PP 0MPP 17175052 No_PP 0MPP 17175053 Prepay 12MPP 17175024 Prepay 24MPP 17175025 No_PP 0MPP 17175026 No_PP 0MPP 17175027 No_PP 0MPP 17175028 No_PP 0MPP 17175029 No_PP 0MPP 17172120 No_PP 0MPP 17172121 No_PP 0MPP 17172122 Prepay 60MPP 17172123 No_PP 0MPP 17172124 Prepay 12MPP 17172128 Prepay 12MPP 17172129 Prepay 12MPP 17172131 Prepay 12MPP 17172134 No_PP 0MPP 17172135 No_PP 0MPP 17172137 No_PP 0MPP 17172138 Prepay 36MPP 17172139 Prepay 12MPP 17172100 No_PP 0MPP 17172101 Prepay 12MPP 17172102 No_PP 0MPP 17172103 Prepay 12MPP 17172105 Prepay 36MPP 17172106 Prepay 12MPP 17172107 No_PP 0MPP 17172108 No_PP 0MPP 17172109 Prepay 12MPP 17172110 No_PP 0MPP 17172111 No_PP 0MPP 17172113 Prepay 12MPP 17172115 Prepay 60MPP 17172116 Prepay 12MPP 17172117 No_PP 0MPP 17172119 No_PP 0MPP 17181161 Prepay 12MPP 17172090 Prepay 60MPP 17181162 No_PP 0MPP 17172091 No_PP 0MPP 17172092 Prepay 12MPP 17172093 No_PP 0MPP 17172094 No_PP 0MPP 17172095 No_PP 0MPP 17172097 No_PP 0MPP 17172098 No_PP 0MPP 17172099 No_PP 0MPP 17181150 Prepay 12MPP 17181151 Prepay 12MPP 17172080 Prepay 12MPP 17181152 No_PP 0MPP 17172081 No_PP 0MPP 17181153 No_PP 0MPP 17172082 No_PP 0MPP 17181154 Prepay 60MPP 17172083 Prepay 12MPP 17172085 Prepay 36MPP 17181158 No_PP 0MPP 17172087 No_PP 0MPP 17181159 No_PP 0MPP 17172088 Prepay 60MPP 17172089 Prepay 12MPP 17172060 Prepay 12MPP 17181132 No_PP 0MPP 17181133 No_PP 0MPP 17172062 No_PP 0MPP 17181134 Prepay 36MPP 17172063 Prepay 12MPP 17181135 No_PP 0MPP 17181136 No_PP 0MPP 17172066 Prepay 36MPP 17181138 Prepay 12MPP 17172067 No_PP 0MPP 17172069 Prepay 60MPP 17181140 Prepay 12MPP 17172070 Prepay 36MPP 17172071 No_PP 0MPP 17181143 No_PP 0MPP 17172072 Prepay 12MPP 17181145 Prepay 12MPP 17181146 No_PP 0MPP 17172075 No_PP 0MPP 17181147 No_PP 0MPP 17172076 Prepay 12MPP 17181148 No_PP 0MPP 17172077 Prepay 12MPP 17172079 No_PP 0MPP 17181130 No_PP 0MPP 17181131 No_PP 0MPP 17181121 No_PP 0MPP 17172050 No_PP 0MPP 17181122 No_PP 0MPP 17181123 Prepay 60MPP 17172052 Prepay 60MPP 17181124 No_PP 0MPP 17181125 Prepay 12MPP 17172054 No_PP 0MPP 17181126 No_PP 0MPP 17172056 No_PP 0MPP 17172059 No_PP 0MPP 17172047 Prepay 12MPP 17181119 Prepay 12MPP 17172021 No_PP 0MPP 17172024 Prepay 12MPP 17172025 No_PP 0MPP 17172026 No_PP 0MPP 17172027 No_PP 0MPP 17172028 No_PP 0MPP 17172029 No_PP 0MPP 17181100 No_PP 0MPP 17181101 No_PP 0MPP 17172030 No_PP 0MPP 17181102 Prepay 36MPP 17172031 No_PP 0MPP 17172032 No_PP 0MPP 17181104 No_PP 0MPP 17181105 No_PP 0MPP 17172034 No_PP 0MPP 17181106 Prepay 12MPP 17172035 Prepay 12MPP 17181107 No_PP 0MPP 17181108 No_PP 0MPP 17172037 Prepay 12MPP 17181109 Prepay 12MPP 17172038 No_PP 0MPP 17181110 No_PP 0MPP 17181111 Prepay 12MPP 17172040 No_PP 0MPP 17181112 No_PP 0MPP 17181113 Prepay 60MPP 17172042 Prepay 36MPP 17181114 Prepay 12MPP 17172043 No_PP 0MPP 17181115 No_PP 0MPP 17181116 No_PP 0MPP 17172045 No_PP 0MPP 17172046 No_PP 0MPP 17172017 Prepay 36MPP 17172018 No_PP 0MPP 17172019 Prepay 12MPP 17172000 No_PP 0MPP 17172006 No_PP 0MPP 17172007 Prepay 36MPP 17172009 No_PP 0MPP 17172011 No_PP 0MPP 17172013 No_PP 0MPP 17172015 No_PP 0MPP 17172016 Prepay 60MPP 17181088 No_PP 0MPP 17181090 No_PP 0MPP 17181092 No_PP 0MPP 17181093 No_PP 0MPP 17181094 No_PP 0MPP 17181095 No_PP 0MPP 17181096 Prepay 36MPP 17181097 No_PP 0MPP 17181099 No_PP 0MPP 17181082 Prepay 36MPP 17181083 No_PP 0MPP 17181084 No_PP 0MPP 17181085 No_PP 0MPP 17172140 No_PP 0MPP 17172141 No_PP 0MPP 17172142 No_PP 0MPP 17175038 No_PP 0MPP 17175039 No_PP 0MPP 17175044 No_PP 0MPP 17175073 No_PP 0MPP 17181098 No_PP 0MPP 17181103 No_PP 0MPP 17181118 Prepay 12MPP 17181128 No_PP 0MPP 17181129 No_PP 0MPP 17181137 Prepay 12MPP 17181139 No_PP 0MPP 17181144 No_PP 0MPP 17181149 No_PP 0MPP 17181155 No_PP 0MPP 17181156 No_PP 0MPP 17181157 Prepay 12MPP 17181160 No_PP 0MPP 17171928 No_PP 0MPP 17171929 No_PP 0MPP 17171930 No_PP 0MPP 17171931 No_PP 0MPP 17171932 No_PP 0MPP 17171934 No_PP 0MPP 17171936 No_PP 0MPP 17171938 No_PP 0MPP 17171940 No_PP 0MPP 17171941 No_PP 0MPP 17171942 No_PP 0MPP 17171943 No_PP 0MPP 17171944 No_PP 0MPP 17171947 No_PP 0MPP 17171948 No_PP 0MPP 17171953 No_PP 0MPP 17171954 No_PP 0MPP 17171956 No_PP 0MPP 17171958 No_PP 0MPP 17171959 No_PP 0MPP 17171961 No_PP 0MPP 17171964 No_PP 0MPP 17171975 No_PP 0MPP 17171976 No_PP 0MPP 17171977 No_PP 0MPP 17171981 Prepay 12MPP 17171984 Prepay 12MPP 17171994 No_PP 0MPP 17171997 No_PP 0MPP 17172003 No_PP 0MPP 17172058 No_PP 0MPP 17175030 No_PP 0MPP 17175033 No_PP 0MPP 17175055 No_PP 0MPP 17181087 No_PP 0MPP 17181089 No_PP 0MPP 17181091 Prepay 36MPP 17181127 No_PP 0MPP 17172118 No_PP 0MPP 17181142 Prepay 12MPP LOAN_SEQ PP_TYPE PP_PENALTY_HARDNESS_MTHS 17020574 NO PP 0 17020737 SOFT 0 17020575 NO PP 0 17020498 NO PP 0 17020499 NO PP 0 17020820 SOFT 0 17020821 SOFT 0 17020660 SOFT 0 17020822 NO PP 0 17020661 NO PP 0 17020823 NO PP 0 17020662 HARD 12 17020824 NO PP 0 17020663 NO PP 0 17020825 NO PP 0 17020664 NO PP 0 17020826 NO PP 0 17020665 NO PP 0 17020827 HARD 12 17020828 HARD 12 17020667 NO PP 0 17020829 NO PP 0 17020668 NO PP 0 17020669 NO PP 0 17020830 NO PP 0 17020831 HARD 12 17020670 NO PP 0 17020832 HARD 12 17020833 HARD 12 17020671 NO PP 0 17020834 HARD 12 17020672 NO PP 0 17020835 HARD 12 17020673 NO PP 0 17020836 HARD 12 17020674 NO PP 0 17020837 HARD 12 17020675 NO PP 0 17020838 NO PP 0 17020676 NO PP 0 17020839 SOFT 0 17020677 HARD 12 17020678 HARD 12 17020679 HARD 12 17020840 SOFT 0 17020841 HARD 12 17020842 HARD 12 17020680 NO PP 0 17020843 HARD 12 17020681 NO PP 0 17020844 HARD 12 17020682 NO PP 0 17020845 HARD 12 17020683 NO PP 0 17020846 HARD 12 17020684 NO PP 0 17020685 NO PP 0 17020848 SOFT 0 17020686 NO PP 0 17020849 SOFT 0 17020687 NO PP 0 17020688 NO PP 0 17020689 NO PP 0 17020850 SOFT 0 17020657 NO PP 0 17020495 NO PP 0 17020819 NO PP 0 17020658 NO PP 0 17020496 NO PP 0 17020659 NO PP 0 17020497 NO PP 0 17020492 NO PP 0 17020816 NO PP 0 17020655 NO PP 0 17020493 NO PP 0 17020817 HARD 12 17020656 NO PP 0 17020494 NO PP 0 17020812 HARD 12 17020651 NO PP 0 17020813 NO PP 0 17020814 NO PP 0 17020652 NO PP 0 17020490 NO PP 0 17020491 NO PP 0 17020815 NO PP 0 17020654 NO PP 0 17020500 HARD 12 17020501 SOFT 0 17020502 NO PP 0 17020503 NO PP 0 17020504 NO PP 0 17020505 NO PP 0 17020506 NO PP 0 17020507 NO PP 0 17020508 NO PP 0 17020509 NO PP 0 17020510 NO PP 0 17020511 NO PP 0 17020512 NO PP 0 17020513 NO PP 0 17020514 NO PP 0 17020515 NO PP 0 17020516 HARD 12 17020517 NO PP 0 17020518 NO PP 0 17020519 NO PP 0 17020520 NO PP 0 17020521 NO PP 0 17020522 NO PP 0 17020523 NO PP 0 17020524 NO PP 0 17020525 SOFT 0 17020526 NO PP 0 17020527 NO PP 0 17020528 NO PP 0 17020529 NO PP 0 17020530 NO PP 0 17020531 NO PP 0 17020532 NO PP 0 17020533 NO PP 0 17020534 NO PP 0 17020535 NO PP 0 17020536 NO PP 0 17020537 NO PP 0 17020538 NO PP 0 17020539 NO PP 0 17020700 NO PP 0 17020701 HARD 12 17020702 NO PP 0 17020540 NO PP 0 17020703 NO PP 0 17020541 NO PP 0 17020704 HARD 12 17020542 NO PP 0 17020705 NO PP 0 17020543 NO PP 0 17020706 NO PP 0 17020544 NO PP 0 17020707 NO PP 0 17020545 NO PP 0 17020708 NO PP 0 17020546 NO PP 0 17020547 NO PP 0 17020385 NO PP 0 17020548 NO PP 0 17020386 NO PP 0 17020549 HARD 12 17020387 NO PP 0 17020388 HARD 12 17020389 NO PP 0 17020710 NO PP 0 17020711 NO PP 0 17020550 NO PP 0 17020712 HARD 12 17020551 NO PP 0 17020713 NO PP 0 17020714 SOFT 0 17020552 NO PP 0 17020715 NO PP 0 17020553 NO PP 0 17020391 NO PP 0 17020392 NO PP 0 17020554 NO PP 0 17020716 NO PP 0 17020717 HARD 12 17020555 NO PP 0 17020393 NO PP 0 17020718 HARD 12 17020556 NO PP 0 17020394 NO PP 0 17020395 NO PP 0 17020557 NO PP 0 17020719 NO PP 0 17020558 NO PP 0 17020397 NO PP 0 17020559 NO PP 0 17020398 NO PP 0 17020399 SOFT 0 17020720 NO PP 0 17020721 SOFT 0 17020722 NO PP 0 17020560 NO PP 0 17020723 NO PP 0 17020561 NO PP 0 17020724 HARD 12 17020562 NO PP 0 17020725 NO PP 0 17020563 NO PP 0 17020726 HARD 12 17020564 NO PP 0 17020727 HARD 12 17020565 NO PP 0 17020728 NO PP 0 17020566 NO PP 0 17020729 SOFT 0 17020567 NO PP 0 17020568 HARD 36 17020569 SOFT 0 17020730 SOFT 0 17020731 NO PP 0 17020732 HARD 12 17020570 NO PP 0 17020733 NO PP 0 17020571 HARD 36 17020734 HARD 12 17020572 NO PP 0 17020735 NO PP 0 17020573 NO PP 0 17020736 HARD 12 17020487 HARD 12 17020488 NO PP 0 17020489 NO PP 0 17020810 HARD 12 17020811 HARD 12 17020650 NO PP 0 17020791 NO PP 0 17020792 NO PP 0 17020793 SOFT 0 17020794 HARD 12 17020795 NO PP 0 17020796 NO PP 0 17020797 HARD 12 17020798 NO PP 0 17020799 NO PP 0 17020790 NO PP 0 17020646 NO PP 0 17020484 NO PP 0 17020808 HARD 12 17020647 NO PP 0 17020485 NO PP 0 17020809 HARD 12 17020648 NO PP 0 17020486 NO PP 0 17020649 NO PP 0 17020781 HARD 12 17020782 NO PP 0 17020783 NO PP 0 17020784 NO PP 0 17020785 NO PP 0 17020786 NO PP 0 17020787 NO PP 0 17020788 HARD 12 17020789 NO PP 0 17020612 NO PP 0 17020450 NO PP 0 17020613 NO PP 0 17020451 NO PP 0 17020614 NO PP 0 17020452 NO PP 0 17020615 NO PP 0 17020453 NO PP 0 17020616 NO PP 0 17020454 NO PP 0 17020617 NO PP 0 17020455 NO PP 0 17020456 NO PP 0 17020618 HARD 12 17020619 NO PP 0 17020457 NO PP 0 17020458 NO PP 0 17020459 HARD 12 17020620 NO PP 0 17020621 NO PP 0 17020622 NO PP 0 17020460 HARD 12 17020623 NO PP 0 17020461 NO PP 0 17020624 NO PP 0 17020462 NO PP 0 17020625 NO PP 0 17020463 NO PP 0 17020626 NO PP 0 17020464 NO PP 0 17020627 NO PP 0 17020465 NO PP 0 17020628 NO PP 0 17020466 SOFT 0 17020629 NO PP 0 17020467 NO PP 0 17020468 NO PP 0 17020469 NO PP 0 17020630 NO PP 0 17020631 NO PP 0 17020632 NO PP 0 17020470 NO PP 0 17020633 HARD 12 17020471 NO PP 0 17020634 NO PP 0 17020472 NO PP 0 17020635 NO PP 0 17020473 NO PP 0 17020636 NO PP 0 17020474 NO PP 0 17020637 NO PP 0 17020475 NO PP 0 17020638 NO PP 0 17020476 NO PP 0 17020477 SOFT 0 17020478 NO PP 0 17020479 NO PP 0 17020800 NO PP 0 17020801 NO PP 0 17020640 NO PP 0 17020802 HARD 12 17020641 NO PP 0 17020803 NO PP 0 17020642 NO PP 0 17020480 NO PP 0 17020804 NO PP 0 17020643 NO PP 0 17020481 NO PP 0 17020805 NO PP 0 17020644 NO PP 0 17020482 NO PP 0 17020806 HARD 12 17020645 NO PP 0 17020483 NO PP 0 17020807 HARD 12 17020436 NO PP 0 17020437 NO PP 0 17020438 NO PP 0 17020439 NO PP 0 17020600 NO PP 0 17020601 NO PP 0 17020602 NO PP 0 17020440 NO PP 0 17020603 NO PP 0 17020441 NO PP 0 17020604 NO PP 0 17020442 NO PP 0 17020605 NO PP 0 17020606 NO PP 0 17020444 NO PP 0 17020607 NO PP 0 17020445 NO PP 0 17020608 NO PP 0 17020446 NO PP 0 17020609 NO PP 0 17020447 NO PP 0 17020448 NO PP 0 17020449 NO PP 0 17020610 NO PP 0 17020611 NO PP 0 17020771 HARD 12 17020772 SOFT 0 17020773 HARD 12 17020774 NO PP 0 17020775 NO PP 0 17020777 NO PP 0 17020778 HARD 12 17020779 NO PP 0 17020780 HARD 12 17020400 NO PP 0 17020401 HARD 12 17020402 NO PP 0 17020403 NO PP 0 17020404 NO PP 0 17020405 NO PP 0 17020406 HARD 12 17020407 NO PP 0 17020408 NO PP 0 17020409 NO PP 0 17020410 NO PP 0 17020411 HARD 12 17020412 NO PP 0 17020413 NO PP 0 17020415 NO PP 0 17020416 NO PP 0 17020417 NO PP 0 17020418 NO PP 0 17020419 HARD 12 17020420 NO PP 0 17020421 NO PP 0 17020422 NO PP 0 17020423 NO PP 0 17020424 NO PP 0 17020425 NO PP 0 17020427 NO PP 0 17020428 NO PP 0 17020429 NO PP 0 17020430 NO PP 0 17020431 NO PP 0 17020432 NO PP 0 17020433 NO PP 0 17020434 NO PP 0 17020761 NO PP 0 17020762 HARD 12 17020763 NO PP 0 17020764 NO PP 0 17020765 NO PP 0 17020766 NO PP 0 17020767 NO PP 0 17020768 NO PP 0 17020769 NO PP 0 17020770 NO PP 0 17020851 HARD 12 17020852 HARD 12 17020690 NO PP 0 17020853 HARD 12 17020691 NO PP 0 17020854 HARD 12 17020692 NO PP 0 17020855 HARD 12 17020693 NO PP 0 17020856 NO PP 0 17020694 NO PP 0 17020857 HARD 12 17020695 NO PP 0 17020858 SOFT 0 17020696 HARD 12 17020859 SOFT 0 17020697 NO PP 0 17020698 NO PP 0 17020699 NO PP 0 17020860 NO PP 0 17020861 SOFT 0 17020862 SOFT 0 17020740 HARD 12 17020741 HARD 12 17020742 HARD 12 17020580 NO PP 0 17020743 NO PP 0 17020581 NO PP 0 17020744 NO PP 0 17020582 NO PP 0 17020745 NO PP 0 17020583 NO PP 0 17020746 NO PP 0 17020584 NO PP 0 17020747 HARD 12 17020585 NO PP 0 17020748 NO PP 0 17020586 NO PP 0 17020749 HARD 12 17020587 NO PP 0 17020588 HARD 36 17020589 NO PP 0 17020750 SOFT 0 17020751 HARD 12 17020590 NO PP 0 17020752 HARD 12 17020591 NO PP 0 17020753 HARD 12 17020592 NO PP 0 17020754 NO PP 0 17020593 NO PP 0 17020755 HARD 12 17020594 NO PP 0 17020756 HARD 12 17020595 NO PP 0 17020757 HARD 12 17020596 NO PP 0 17020758 HARD 12 17020597 NO PP 0 17020759 HARD 12 17020598 HARD 12 17020599 NO PP 0 17020760 SOFT 0 17020738 NO PP 0 17020576 NO PP 0 17020739 NO PP 0 17020577 NO PP 0 17020578 NO PP 0 17020390 NO PP 0 17149253 NO PP 0 17129133 NO PP 0 17120372 NO PP 0 17120377 NO PP 0 17120399 NO PP 0 17129138 NO PP 0 17120386 SOFT 0 17120389 NO PP 0 17120412 NO PP 0 17120421 NO PP 0 17120390 SOFT 0 17120391 HARD 12 17120392 HARD 12 17120393 NO PP 0 17120394 HARD 12 17120395 NO PP 0 17120397 NO PP 0 17120398 NO PP 0 17120385 NO PP 0 17120387 NO PP 0 17120388 NO PP 0 17120384 NO PP 0 17120330 NO PP 0 17120331 NO PP 0 17120332 NO PP 0 17120333 NO PP 0 17120334 NO PP 0 17120335 HARD 12 17120336 NO PP 0 17120337 HARD 12 17120338 SOFT 0 17120339 SOFT 0 17120341 NO PP 0 17120342 SOFT 0 17120343 HARD 12 17120344 HARD 12 17120346 NO PP 0 17120347 NO PP 0 17120348 NO PP 0 17120349 NO PP 0 17120350 NO PP 0 17120351 HARD 12 17120353 SOFT 0 17120354 HARD 12 17120355 NO PP 0 17120356 SOFT 0 17120357 NO PP 0 17120358 NO PP 0 17120359 NO PP 0 17120360 NO PP 0 17120361 NO PP 0 17120362 NO PP 0 17120363 NO PP 0 17120364 NO PP 0 17120365 NO PP 0 17120366 HARD 12 17120367 SOFT 0 17120370 NO PP 0 17120371 HARD 12 17120373 NO PP 0 17120374 NO PP 0 17120375 HARD 12 17120376 NO PP 0 17120378 NO PP 0 17120379 NO PP 0 17120380 HARD 12 17120381 HARD 12 17120382 NO PP 0 17120383 NO PP 0 17120327 HARD 12 17120328 NO PP 0 17149240 NO PP 0 17149241 NO PP 0 17149242 NO PP 0 17149243 NO PP 0 17149244 NO PP 0 17149245 NO PP 0 17149246 HARD 12 17149247 HARD 12 17149248 HARD 12 17149249 NO PP 0 17149250 HARD 12 17149251 HARD 12 17149252 NO PP 0 17149100 HARD 12 17149101 HARD 12 17149102 NO PP 0 17129130 NO PP 0 17129131 NO PP 0 17129132 NO PP 0 17129134 NO PP 0 17129135 NO PP 0 17129136 NO PP 0 17129137 NO PP 0 17129139 NO PP 0 17129140 HARD 12 17129141 NO PP 0 17129142 HARD 12 17129144 NO PP 0 17129145 HARD 12 17129127 NO PP 0 17129128 NO PP 0 17129129 NO PP 0 17120410 HARD 12 17120411 NO PP 0 17120413 NO PP 0 17120414 NO PP 0 17120415 NO PP 0 17120416 HARD 12 17120417 NO PP 0 17120418 NO PP 0 17120419 NO PP 0 17120420 HARD 12 17120422 NO PP 0 17120423 NO PP 0 17120424 NO PP 0 17120425 NO PP 0 17120426 NO PP 0 17149077 NO PP 0 17149078 NO PP 0 17149079 NO PP 0 17149080 NO PP 0 17149081 HARD 12 17149082 NO PP 0 17149083 NO PP 0 17149084 NO PP 0 17149086 HARD 12 17149087 NO PP 0 17149088 NO PP 0 17149089 HARD 12 17149090 NO PP 0 17149091 HARD 12 17120401 HARD 12 17120402 NO PP 0 17120403 NO PP 0 17120404 NO PP 0 17120405 NO PP 0 17120406 NO PP 0 17120407 NO PP 0 17120408 HARD 12 17120409 HARD 12 17149092 NO PP 0 17149093 NO PP 0 17149094 NO PP 0 17149095 NO PP 0 17149096 NO PP 0 17149097 HARD 12 17149098 HARD 12 17149099 HARD 12 17120498 NO PP 0 17120455 NO PP 0 17120477 NO PP 0 17120490 HARD 12 17120532 NO PP 0 17120544 NO PP 0 17120540 NO PP 0 17120541 SOFT 0 17120542 SOFT 0 17120543 SOFT 0 17120545 NO PP 0 17120546 NO PP 0 17120547 SOFT 0 17120548 HARD 12 17120549 NO PP 0 17120550 NO PP 0 17120551 NO PP 0 17120552 HARD 12 17120553 NO PP 0 17120554 NO PP 0 17120555 HARD 12 17120556 NO PP 0 17120557 NO PP 0 17120558 HARD 12 17120559 NO PP 0 17120560 HARD 12 17120561 NO PP 0 17120562 HARD 12 17120563 NO PP 0 17120564 SOFT 0 17120565 HARD 12 17120566 NO PP 0 17120567 NO PP 0 17120568 NO PP 0 17120569 NO PP 0 17120570 NO PP 0 17120571 NO PP 0 17120572 NO PP 0 17120573 HARD 12 17120574 HARD 12 17120575 SOFT 0 17120576 SOFT 0 17120526 SOFT 0 17120527 HARD 12 17120528 HARD 12 17120529 SOFT 0 17120530 HARD 12 17120531 HARD 12 17120533 HARD 12 17120534 NO PP 0 17120535 SOFT 0 17120536 NO PP 0 17120537 SOFT 0 17120538 NO PP 0 17120539 HARD 12 17120510 NO PP 0 17120511 NO PP 0 17120512 SOFT 0 17120513 NO PP 0 17120514 NO PP 0 17120515 HARD 12 17120516 HARD 12 17120517 SOFT 0 17120518 SOFT 0 17120519 NO PP 0 17120520 NO PP 0 17120521 SOFT 0 17120522 NO PP 0 17120523 SOFT 0 17120524 NO PP 0 17120525 SOFT 0 17120500 NO PP 0 17120501 NO PP 0 17120502 SOFT 0 17120503 HARD 12 17120504 HARD 12 17120505 NO PP 0 17120506 NO PP 0 17120507 NO PP 0 17120508 HARD 12 17120509 SOFT 0 17149110 SOFT 0 17149111 NO PP 0 17149112 NO PP 0 17149113 NO PP 0 17149103 SOFT 0 17149105 NO PP 0 17149106 NO PP 0 17149107 SOFT 0 17149108 NO PP 0 17149109 SOFT 0 17120450 NO PP 0 17120451 SOFT 0 17120452 NO PP 0 17120453 NO PP 0 17120454 NO PP 0 17120456 NO PP 0 17120457 NO PP 0 17120458 NO PP 0 17120459 HARD 12 17120460 NO PP 0 17120461 NO PP 0 17120462 NO PP 0 17120463 HARD 12 17120464 NO PP 0 17120465 HARD 12 17120466 SOFT 0 17120467 NO PP 0 17120468 NO PP 0 17120469 NO PP 0 17120470 HARD 12 17120471 NO PP 0 17120472 SOFT 0 17120473 HARD 12 17120474 HARD 12 17120476 NO PP 0 17120478 NO PP 0 17120479 NO PP 0 17120480 HARD 12 17120481 SOFT 0 17120482 NO PP 0 17120483 HARD 12 17120484 NO PP 0 17120485 NO PP 0 17120486 NO PP 0 17120487 SOFT 0 17120488 NO PP 0 17120489 SOFT 0 17120491 HARD 12 17120492 NO PP 0 17120493 NO PP 0 17120494 HARD 12 17120495 NO PP 0 17120496 SOFT 0 17120499 NO PP 0 17120429 SOFT 0 17120430 NO PP 0 17120431 NO PP 0 17120432 NO PP 0 17120433 NO PP 0 17120434 NO PP 0 17120436 NO PP 0 17120437 NO PP 0 17120438 NO PP 0 17120440 NO PP 0 17120441 NO PP 0 17120442 NO PP 0 17120443 NO PP 0 17120444 SOFT 0 17120445 NO PP 0 17120446 NO PP 0 17120447 NO PP 0 17120448 HARD 12 17120449 NO PP 0 17181086 NO PP 0 17171924 NO PP 0 17172078 NO PP 0 17175048 NO PP 0 17175049 NO PP 0 17171987 NO PP 0 17172020 NO PP 0 17203440 SOFT 0 17172004 NO PP 0 17172023 NO PP 0 17172005 NO PP 0 17203443 NO PP 0 17203445 NO PP 0 17203409 HARD 12 17172044 NO PP 0 17203427 SOFT 0 17172008 NO PP 0 17181117 NO PP 0 17172064 SOFT 0 17203267 NO PP 0 17175071 NO PP 0 17172065 NO PP 0 17175054 NO PP 0 17172048 NO PP 0 17172049 NO PP 0 17171951 NO PP 0 17171995 NO PP 0 17203410 NO PP 0 17181120 NO PP 0 17172112 NO PP 0 17172014 SOFT 0 17203451 NO PP 0 17172051 HARD 12 17203255 NO PP 0 17172053 NO PP 0 17203437 NO PP 0 17172036 HARD 12 17172136 SOFT 0 17172073 HARD 12 17172055 NO PP 0 17203294 NO PP 0 17203278 NO PP 0 17203359 SOFT 0 17172039 NO PP 0 17203396 NO PP 0 17203423 SOFT 0 17203388 SOFT 0 17203364 NO PP 0 17203354 HARD 12 17203317 NO PP 0 17171965 SOFT 0 17203331 NO PP 0 17172132 NO PP 0 17172133 NO PP 0 17172127 NO PP 0 17172130 NO PP 0 17172104 NO PP 0 17172114 HARD 12 17172125 NO PP 0 17172126 NO PP 0 17171998 NO PP 0 17172001 NO PP 0 17172002 NO PP 0 17172010 NO PP 0 17172022 NO PP 0 17172033 HARD 12 17172041 HARD 12 17172057 NO PP 0 17172061 NO PP 0 17172068 NO PP 0 17172074 HARD 12 17172084 NO PP 0 17172086 NO PP 0 17171926 NO PP 0 17171946 NO PP 0 17171952 NO PP 0 17171957 NO PP 0 17171960 SOFT 0 17171979 SOFT 0 17171980 NO PP 0 17171983 NO PP 0 17171990 NO PP 0 17171992 HARD 12 17171922 NO PP 0 17203303 NO PP 0 17203452 NO PP 0 17203340 NO PP 0 17203351 NO PP 0 17203283 NO PP 0 17203252 NO PP 0 17203412 HARD 12 17203321 NO PP 0 17203385 NO PP 0 17203392 NO PP 0 17203401 NO PP 0 17203435 NO PP 0 17203383 NO PP 0 17203323 NO PP 0 17203449 NO PP 0 17203328 NO PP 0 17203339 HARD 12 17203315 NO PP 0 17203257 NO PP 0 17203295 NO PP 0 17203290 NO PP 0 17203299 NO PP 0 17203424 NO PP 0 17203379 NO PP 0 17203256 NO PP 0 17203422 HARD 12 17203253 NO PP 0 17203312 HARD 36 17203293 NO PP 0 17203418 NO PP 0 17203314 NO PP 0 17203448 NO PP 0 17203384 NO PP 0 17203281 NO PP 0 17203348 NO PP 0 17203390 HARD 12 17203310 NO PP 0 17203363 NO PP 0 17203425 NO PP 0 17203373 NO PP 0 17203266 NO PP 0 17203358 SOFT 0 17203429 NO PP 0 17203371 HARD 12 17203337 SOFT 0 17203421 SOFT 0 17203430 NO PP 0 17203247 NO PP 0 17203320 NO PP 0 17203405 HARD 12 17203270 NO PP 0 17203362 SOFT 0 17203361 NO PP 0 17203272 NO PP 0 17203350 HARD 12 17203403 NO PP 0 17203301 NO PP 0 17203349 NO PP 0 17203338 NO PP 0 17203345 NO PP 0 17203307 NO PP 0 17203357 HARD 12 17203442 NO PP 0 17203277 NO PP 0 17203280 NO PP 0 17203344 NO PP 0 17203381 NO PP 0 17203436 NO PP 0 17203333 HARD 12 17203316 NO PP 0 17203305 NO PP 0 17203292 NO PP 0 17203419 NO PP 0 17203433 NO PP 0 17203438 NO PP 0 17203284 NO PP 0 17203275 NO PP 0 17203411 NO PP 0 17203324 NO PP 0 17203408 HARD 12 17203300 NO PP 0 17203273 NO PP 0 17203446 HARD 12 17203415 HARD 12 17203389 NO PP 0 17203398 NO PP 0 17203274 NO PP 0 17203318 HARD 36 17203391 NO PP 0 17203399 NO PP 0 17203450 NO PP 0 17203447 NO PP 0 17203453 NO PP 0 17203428 NO PP 0 17203313 NO PP 0 17203431 NO PP 0 17203417 NO PP 0 17203343 NO PP 0 17203360 NO PP 0 17203416 NO PP 0 17203406 HARD 12 17203367 NO PP 0 17203380 NO PP 0 17203286 NO PP 0 17203330 HARD 12 17203249 NO PP 0 17203342 NO PP 0 17203346 HARD 12 17203264 NO PP 0 17203322 NO PP 0 17203397 NO PP 0 17203407 HARD 12 17203336 HARD 12 17203374 HARD 12 17203329 SOFT 0 17203327 HARD 12 17203369 NO PP 0 17203335 HARD 12 17203291 NO PP 0 17203289 NO PP 0 17203372 NO PP 0 17203296 NO PP 0 17203254 NO PP 0 17203444 NO PP 0 17203365 NO PP 0 17203259 NO PP 0 17203366 NO PP 0 17203353 NO PP 0 17203285 NO PP 0 17203352 NO PP 0 17203306 NO PP 0 17203414 NO PP 0 17203393 NO PP 0 17203382 NO PP 0 17203302 NO PP 0 17203356 HARD 12 17203387 HARD 12 17203377 NO PP 0 17203308 NO PP 0 17203276 NO PP 0 17203288 NO PP 0 17203378 NO PP 0 17203376 NO PP 0 17203370 SOFT 0 17203248 NO PP 0 17203341 NO PP 0 17203334 HARD 12 17203395 HARD 12 17203332 HARD 12 17203309 HARD 36 17203375 NO PP 0 17203279 NO PP 0 17203386 NO PP 0 17203311 NO PP 0 17203420 NO PP 0 17203402 HARD 12 17203439 NO PP 0 17203297 NO PP 0 17203282 NO PP 0 17203368 HARD 12 17203394 NO PP 0 17203400 NO PP 0 17203355 NO PP 0 17203404 NO PP 0 17203426 NO PP 0 17203298 NO PP 0 17203304 NO PP 0 17203434 NO PP 0 17171962 NO PP 0 17171963 NO PP 0 17171966 NO PP 0 17171967 NO PP 0 17171968 NO PP 0 17171969 NO PP 0 17171970 NO PP 0 17171971 NO PP 0 17171973 NO PP 0 17171974 HARD 12 17171978 NO PP 0 17171982 NO PP 0 17171985 NO PP 0 17171986 NO PP 0 17171988 NO PP 0 17171989 NO PP 0 17171991 NO PP 0 17171993 HARD 12 17171996 NO PP 0 17171999 NO PP 0 17171950 NO PP 0 17171955 SOFT 0 17171916 NO PP 0 17171917 NO PP 0 17171918 NO PP 0 17171919 HARD 12 17171920 NO PP 0 17171921 NO PP 0 17171923 NO PP 0 17171925 NO PP 0 17171927 HARD 12 17171933 NO PP 0 17171935 NO PP 0 17171937 NO PP 0 17171939 NO PP 0 17171945 NO PP 0 17171949 NO PP 0 17175070 HARD 12 17175072 NO PP 0 17175056 NO PP 0 17175057 NO PP 0 17175059 NO PP 0 17175060 HARD 12 17175061 NO PP 0 17175062 NO PP 0 17175063 HARD 12 17175064 HARD 12 17175065 HARD 12 17175066 NO PP 0 17175067 NO PP 0 17175068 NO PP 0 17175069 NO PP 0 17175031 NO PP 0 17175032 NO PP 0 17175034 NO PP 0 17175035 NO PP 0 17175036 NO PP 0 17175037 NO PP 0 17175040 NO PP 0 17175041 NO PP 0 17175042 SOFT 0 17175043 NO PP 0 17175045 NO PP 0 17175046 SOFT 0 17175047 NO PP 0 17175050 NO PP 0 17175051 NO PP 0 17175052 NO PP 0 17175053 HARD 12 17175024 SOFT 0 17175025 NO PP 0 17175026 NO PP 0 17175027 NO PP 0 17175028 NO PP 0 17175029 NO PP 0 17172120 NO PP 0 17172121 NO PP 0 17172122 SOFT 0 17172123 NO PP 0 17172124 HARD 12 17172128 HARD 12 17172129 HARD 12 17172131 HARD 12 17172134 NO PP 0 17172135 NO PP 0 17172137 NO PP 0 17172138 SOFT 0 17172139 HARD 12 17172100 NO PP 0 17172101 HARD 12 17172102 NO PP 0 17172103 HARD 12 17172105 SOFT 0 17172106 HARD 12 17172107 NO PP 0 17172108 NO PP 0 17172109 HARD 12 17172110 NO PP 0 17172111 NO PP 0 17172113 HARD 12 17172115 SOFT 0 17172116 HARD 12 17172117 NO PP 0 17172119 NO PP 0 17181161 HARD 12 17172090 SOFT 0 17181162 NO PP 0 17172091 NO PP 0 17172092 HARD 12 17172093 NO PP 0 17172094 NO PP 0 17172095 NO PP 0 17172097 NO PP 0 17172098 NO PP 0 17172099 NO PP 0 17181150 HARD 12 17181151 HARD 12 17172080 HARD 12 17181152 NO PP 0 17172081 NO PP 0 17181153 NO PP 0 17172082 NO PP 0 17181154 SOFT 0 17172083 HARD 12 17172085 SOFT 0 17181158 NO PP 0 17172087 NO PP 0 17181159 NO PP 0 17172088 SOFT 0 17172089 HARD 12 17172060 HARD 12 17181132 NO PP 0 17181133 NO PP 0 17172062 NO PP 0 17181134 SOFT 0 17172063 HARD 12 17181135 NO PP 0 17181136 NO PP 0 17172066 SOFT 0 17181138 HARD 12 17172067 NO PP 0 17172069 SOFT 0 17181140 HARD 12 17172070 SOFT 0 17172071 NO PP 0 17181143 NO PP 0 17172072 HARD 12 17181145 HARD 12 17181146 NO PP 0 17172075 NO PP 0 17181147 NO PP 0 17172076 HARD 12 17181148 NO PP 0 17172077 HARD 12 17172079 NO PP 0 17181130 NO PP 0 17181131 NO PP 0 17181121 NO PP 0 17172050 NO PP 0 17181122 NO PP 0 17181123 SOFT 0 17172052 SOFT 0 17181124 NO PP 0 17181125 HARD 12 17172054 NO PP 0 17181126 NO PP 0 17172056 NO PP 0 17172059 NO PP 0 17172047 HARD 12 17181119 HARD 12 17172021 NO PP 0 17172024 HARD 12 17172025 NO PP 0 17172026 NO PP 0 17172027 NO PP 0 17172028 NO PP 0 17172029 NO PP 0 17181100 NO PP 0 17181101 NO PP 0 17172030 NO PP 0 17181102 HARD 36 17172031 NO PP 0 17172032 NO PP 0 17181104 NO PP 0 17181105 NO PP 0 17172034 NO PP 0 17181106 HARD 12 17172035 HARD 12 17181107 NO PP 0 17181108 NO PP 0 17172037 HARD 12 17181109 HARD 12 17172038 NO PP 0 17181110 NO PP 0 17181111 HARD 12 17172040 NO PP 0 17181112 NO PP 0 17181113 SOFT 0 17172042 SOFT 0 17181114 HARD 12 17172043 NO PP 0 17181115 NO PP 0 17181116 NO PP 0 17172045 NO PP 0 17172046 NO PP 0 17172017 SOFT 0 17172018 NO PP 0 17172019 HARD 12 17172000 NO PP 0 17172006 NO PP 0 17172007 SOFT 0 17172009 NO PP 0 17172011 NO PP 0 17172013 NO PP 0 17172015 NO PP 0 17172016 SOFT 0 17181088 NO PP 0 17181090 NO PP 0 17181092 NO PP 0 17181093 NO PP 0 17181094 NO PP 0 17181095 NO PP 0 17181096 SOFT 0 17181097 NO PP 0 17181099 NO PP 0 17181082 SOFT 0 17181083 NO PP 0 17181084 NO PP 0 17181085 NO PP 0 17172140 NO PP 0 17172141 NO PP 0 17172142 NO PP 0 17175038 NO PP 0 17175039 NO PP 0 17175044 NO PP 0 17175073 NO PP 0 17181098 NO PP 0 17181103 NO PP 0 17181118 HARD 12 17181128 NO PP 0 17181129 NO PP 0 17181137 HARD 12 17181139 NO PP 0 17181144 NO PP 0 17181149 NO PP 0 17181155 NO PP 0 17181156 NO PP 0 17181157 HARD 12 17181160 NO PP 0 17171928 NO PP 0 17171929 NO PP 0 17171930 NO PP 0 17171931 NO PP 0 17171932 NO PP 0 17171934 NO PP 0 17171936 NO PP 0 17171938 NO PP 0 17171940 NO PP 0 17171941 NO PP 0 17171942 NO PP 0 17171943 NO PP 0 17171944 NO PP 0 17171947 NO PP 0 17171948 NO PP 0 17171953 NO PP 0 17171954 NO PP 0 17171956 NO PP 0 17171958 NO PP 0 17171959 NO PP 0 17171961 NO PP 0 17171964 NO PP 0 17171975 NO PP 0 17171976 NO PP 0 17171977 NO PP 0 17171981 HARD 12 17171984 HARD 12 17171994 NO PP 0 17171997 NO PP 0 17172003 NO PP 0 17172058 NO PP 0 17175030 NO PP 0 17175033 NO PP 0 17175055 NO PP 0 17181087 NO PP 0 17181089 NO PP 0 17181091 SOFT 0 17181127 NO PP 0 17172118 NO PP 0 17181142 HARD 12 LOAN_SEQ LIEN BALLOON 17020574 First Lien No 17020737 First Lien No 17020575 First Lien No 17020498 First Lien No 17020499 First Lien No 17020820 First Lien No 17020821 First Lien No 17020660 First Lien No 17020822 First Lien No 17020661 First Lien No 17020823 First Lien No 17020662 First Lien No 17020824 First Lien No 17020663 First Lien No 17020825 First Lien No 17020664 First Lien No 17020826 First Lien No 17020665 First Lien No 17020827 First Lien No 17020828 First Lien No 17020667 First Lien No 17020829 First Lien No 17020668 First Lien No 17020669 First Lien No 17020830 First Lien No 17020831 First Lien No 17020670 First Lien No 17020832 First Lien No 17020833 First Lien No 17020671 First Lien No 17020834 First Lien No 17020672 First Lien No 17020835 First Lien No 17020673 First Lien No 17020836 First Lien No 17020674 First Lien No 17020837 First Lien No 17020675 First Lien No 17020838 First Lien No 17020676 First Lien No 17020839 First Lien No 17020677 First Lien No 17020678 First Lien No 17020679 First Lien No 17020840 First Lien No 17020841 First Lien No 17020842 First Lien No 17020680 First Lien No 17020843 First Lien No 17020681 First Lien No 17020844 First Lien No 17020682 First Lien No 17020845 First Lien No 17020683 First Lien No 17020846 First Lien No 17020684 First Lien No 17020685 First Lien No 17020848 First Lien No 17020686 First Lien No 17020849 First Lien No 17020687 First Lien No 17020688 First Lien No 17020689 First Lien No 17020850 First Lien No 17020657 First Lien No 17020495 First Lien No 17020819 First Lien No 17020658 First Lien No 17020496 First Lien No 17020659 First Lien No 17020497 First Lien No 17020492 First Lien No 17020816 First Lien No 17020655 First Lien No 17020493 First Lien No 17020817 First Lien No 17020656 First Lien No 17020494 First Lien No 17020812 First Lien No 17020651 First Lien No 17020813 First Lien No 17020814 First Lien No 17020652 First Lien No 17020490 First Lien No 17020491 First Lien No 17020815 First Lien No 17020654 First Lien No 17020500 First Lien No 17020501 First Lien No 17020502 First Lien No 17020503 First Lien No 17020504 First Lien No 17020505 First Lien No 17020506 First Lien No 17020507 First Lien No 17020508 First Lien No 17020509 First Lien No 17020510 First Lien No 17020511 First Lien No 17020512 First Lien No 17020513 First Lien No 17020514 First Lien No 17020515 First Lien No 17020516 First Lien No 17020517 First Lien No 17020518 First Lien No 17020519 First Lien No 17020520 First Lien No 17020521 First Lien No 17020522 First Lien No 17020523 First Lien No 17020524 First Lien No 17020525 First Lien No 17020526 First Lien No 17020527 First Lien No 17020528 First Lien No 17020529 First Lien No 17020530 First Lien No 17020531 First Lien No 17020532 First Lien No 17020533 First Lien No 17020534 First Lien No 17020535 First Lien No 17020536 First Lien No 17020537 First Lien No 17020538 First Lien No 17020539 First Lien No 17020700 First Lien No 17020701 First Lien No 17020702 First Lien No 17020540 First Lien No 17020703 First Lien No 17020541 First Lien No 17020704 First Lien No 17020542 First Lien No 17020705 First Lien No 17020543 First Lien No 17020706 First Lien No 17020544 First Lien No 17020707 First Lien No 17020545 First Lien No 17020708 First Lien No 17020546 First Lien No 17020547 First Lien No 17020385 First Lien No 17020548 First Lien No 17020386 First Lien No 17020549 First Lien No 17020387 First Lien No 17020388 First Lien No 17020389 First Lien No 17020710 First Lien No 17020711 First Lien No 17020550 First Lien No 17020712 First Lien No 17020551 First Lien No 17020713 First Lien No 17020714 First Lien No 17020552 First Lien No 17020715 First Lien No 17020553 First Lien No 17020391 First Lien No 17020392 First Lien No 17020554 First Lien No 17020716 First Lien No 17020717 First Lien No 17020555 First Lien No 17020393 First Lien No 17020718 First Lien No 17020556 First Lien No 17020394 First Lien No 17020395 First Lien No 17020557 First Lien No 17020719 First Lien No 17020558 First Lien No 17020397 First Lien No 17020559 First Lien No 17020398 First Lien No 17020399 First Lien No 17020720 First Lien No 17020721 First Lien No 17020722 First Lien No 17020560 First Lien No 17020723 First Lien No 17020561 First Lien No 17020724 First Lien No 17020562 First Lien No 17020725 First Lien No 17020563 First Lien No 17020726 First Lien No 17020564 First Lien No 17020727 First Lien No 17020565 First Lien No 17020728 First Lien No 17020566 First Lien No 17020729 First Lien No 17020567 First Lien No 17020568 First Lien No 17020569 First Lien No 17020730 First Lien No 17020731 First Lien No 17020732 First Lien No 17020570 First Lien No 17020733 First Lien No 17020571 First Lien No 17020734 First Lien No 17020572 First Lien No 17020735 First Lien No 17020573 First Lien No 17020736 First Lien No 17020487 First Lien No 17020488 First Lien No 17020489 First Lien No 17020810 First Lien No 17020811 First Lien No 17020650 First Lien No 17020791 First Lien No 17020792 First Lien No 17020793 First Lien No 17020794 First Lien No 17020795 First Lien No 17020796 First Lien No 17020797 First Lien No 17020798 First Lien No 17020799 First Lien No 17020790 First Lien No 17020646 First Lien No 17020484 First Lien No 17020808 First Lien No 17020647 First Lien No 17020485 First Lien No 17020809 First Lien No 17020648 First Lien No 17020486 First Lien No 17020649 First Lien No 17020781 First Lien No 17020782 First Lien No 17020783 First Lien No 17020784 First Lien No 17020785 First Lien No 17020786 First Lien No 17020787 First Lien No 17020788 First Lien No 17020789 First Lien No 17020612 First Lien No 17020450 First Lien No 17020613 First Lien No 17020451 First Lien No 17020614 First Lien No 17020452 First Lien No 17020615 First Lien No 17020453 First Lien No 17020616 First Lien No 17020454 First Lien No 17020617 First Lien No 17020455 First Lien No 17020456 First Lien No 17020618 First Lien No 17020619 First Lien No 17020457 First Lien No 17020458 First Lien No 17020459 First Lien No 17020620 First Lien No 17020621 First Lien No 17020622 First Lien No 17020460 First Lien No 17020623 First Lien No 17020461 First Lien No 17020624 First Lien No 17020462 First Lien No 17020625 First Lien No 17020463 First Lien No 17020626 First Lien No 17020464 First Lien No 17020627 First Lien No 17020465 First Lien No 17020628 First Lien No 17020466 First Lien No 17020629 First Lien No 17020467 First Lien No 17020468 First Lien No 17020469 First Lien No 17020630 First Lien No 17020631 First Lien No 17020632 First Lien No 17020470 First Lien No 17020633 First Lien No 17020471 First Lien No 17020634 First Lien No 17020472 First Lien No 17020635 First Lien No 17020473 First Lien No 17020636 First Lien No 17020474 First Lien No 17020637 First Lien No 17020475 First Lien No 17020638 First Lien No 17020476 First Lien No 17020477 First Lien No 17020478 First Lien No 17020479 First Lien No 17020800 First Lien No 17020801 First Lien No 17020640 First Lien No 17020802 First Lien No 17020641 First Lien No 17020803 First Lien No 17020642 First Lien No 17020480 First Lien No 17020804 First Lien No 17020643 First Lien No 17020481 First Lien No 17020805 First Lien No 17020644 First Lien No 17020482 First Lien No 17020806 First Lien No 17020645 First Lien No 17020483 First Lien No 17020807 First Lien No 17020436 First Lien No 17020437 First Lien No 17020438 First Lien No 17020439 First Lien No 17020600 First Lien No 17020601 First Lien No 17020602 First Lien No 17020440 First Lien No 17020603 First Lien No 17020441 First Lien No 17020604 First Lien No 17020442 First Lien No 17020605 First Lien No 17020606 First Lien No 17020444 First Lien No 17020607 First Lien No 17020445 First Lien No 17020608 First Lien No 17020446 First Lien No 17020609 First Lien No 17020447 First Lien No 17020448 First Lien No 17020449 First Lien No 17020610 First Lien No 17020611 First Lien No 17020771 First Lien No 17020772 First Lien No 17020773 First Lien No 17020774 First Lien No 17020775 First Lien No 17020777 First Lien No 17020778 First Lien No 17020779 First Lien No 17020780 First Lien No 17020400 First Lien No 17020401 First Lien No 17020402 First Lien No 17020403 First Lien No 17020404 First Lien No 17020405 First Lien No 17020406 First Lien No 17020407 First Lien No 17020408 First Lien No 17020409 First Lien No 17020410 First Lien No 17020411 First Lien No 17020412 First Lien No 17020413 First Lien No 17020415 First Lien No 17020416 First Lien No 17020417 First Lien No 17020418 First Lien No 17020419 First Lien No 17020420 First Lien No 17020421 First Lien No 17020422 First Lien No 17020423 First Lien No 17020424 First Lien No 17020425 First Lien No 17020427 First Lien No 17020428 First Lien No 17020429 First Lien No 17020430 First Lien No 17020431 First Lien No 17020432 First Lien No 17020433 First Lien No 17020434 First Lien No 17020761 First Lien No 17020762 First Lien No 17020763 First Lien No 17020764 First Lien No 17020765 First Lien No 17020766 First Lien No 17020767 First Lien No 17020768 First Lien No 17020769 First Lien No 17020770 First Lien No 17020851 First Lien No 17020852 First Lien No 17020690 First Lien No 17020853 First Lien No 17020691 First Lien No 17020854 First Lien No 17020692 First Lien No 17020855 First Lien No 17020693 First Lien No 17020856 First Lien No 17020694 First Lien No 17020857 First Lien No 17020695 First Lien No 17020858 First Lien No 17020696 First Lien No 17020859 First Lien No 17020697 First Lien No 17020698 First Lien No 17020699 First Lien No 17020860 First Lien No 17020861 First Lien No 17020862 First Lien No 17020740 First Lien No 17020741 First Lien No 17020742 First Lien No 17020580 First Lien No 17020743 First Lien No 17020581 First Lien No 17020744 First Lien No 17020582 First Lien No 17020745 First Lien No 17020583 First Lien No 17020746 First Lien No 17020584 First Lien No 17020747 First Lien No 17020585 First Lien No 17020748 First Lien No 17020586 First Lien No 17020749 First Lien No 17020587 First Lien No 17020588 First Lien No 17020589 First Lien No 17020750 First Lien No 17020751 First Lien No 17020590 First Lien No 17020752 First Lien No 17020591 First Lien No 17020753 First Lien No 17020592 First Lien No 17020754 First Lien No 17020593 First Lien No 17020755 First Lien No 17020594 First Lien No 17020756 First Lien No 17020595 First Lien No 17020757 First Lien No 17020596 First Lien No 17020758 First Lien No 17020597 First Lien No 17020759 First Lien No 17020598 First Lien No 17020599 First Lien No 17020760 First Lien No 17020738 First Lien No 17020576 First Lien No 17020739 First Lien No 17020577 First Lien No 17020578 First Lien No 17020390 First Lien No 17149253 First Lien No 17129133 First Lien No 17120372 First Lien No 17120377 First Lien No 17120399 First Lien No 17129138 First Lien No 17120386 First Lien No 17120389 First Lien No 17120412 First Lien No 17120421 First Lien No 17120390 First Lien No 17120391 First Lien No 17120392 First Lien No 17120393 First Lien No 17120394 First Lien No 17120395 First Lien No 17120397 First Lien No 17120398 First Lien No 17120385 First Lien No 17120387 First Lien No 17120388 First Lien No 17120384 First Lien No 17120330 First Lien No 17120331 First Lien No 17120332 First Lien No 17120333 First Lien No 17120334 First Lien No 17120335 First Lien No 17120336 First Lien No 17120337 First Lien No 17120338 First Lien No 17120339 First Lien No 17120341 First Lien No 17120342 First Lien No 17120343 First Lien No 17120344 First Lien No 17120346 First Lien No 17120347 First Lien No 17120348 First Lien No 17120349 First Lien No 17120350 First Lien No 17120351 First Lien No 17120353 First Lien No 17120354 First Lien No 17120355 First Lien No 17120356 First Lien No 17120357 First Lien No 17120358 First Lien No 17120359 First Lien No 17120360 First Lien No 17120361 First Lien No 17120362 First Lien No 17120363 First Lien No 17120364 First Lien No 17120365 First Lien No 17120366 First Lien No 17120367 First Lien No 17120370 First Lien No 17120371 First Lien No 17120373 First Lien No 17120374 First Lien No 17120375 First Lien No 17120376 First Lien No 17120378 First Lien No 17120379 First Lien No 17120380 First Lien No 17120381 First Lien No 17120382 First Lien No 17120383 First Lien No 17120327 First Lien No 17120328 First Lien No 17149240 First Lien No 17149241 First Lien No 17149242 First Lien No 17149243 First Lien No 17149244 First Lien No 17149245 First Lien No 17149246 First Lien No 17149247 First Lien No 17149248 First Lien No 17149249 First Lien No 17149250 First Lien No 17149251 First Lien No 17149252 First Lien No 17149100 First Lien No 17149101 First Lien No 17149102 First Lien No 17129130 First Lien No 17129131 First Lien No 17129132 First Lien No 17129134 First Lien No 17129135 First Lien No 17129136 First Lien No 17129137 First Lien No 17129139 First Lien No 17129140 First Lien No 17129141 First Lien No 17129142 First Lien No 17129144 First Lien No 17129145 First Lien No 17129127 First Lien No 17129128 First Lien No 17129129 First Lien No 17120410 First Lien No 17120411 First Lien No 17120413 First Lien No 17120414 First Lien No 17120415 First Lien No 17120416 First Lien No 17120417 First Lien No 17120418 First Lien No 17120419 First Lien No 17120420 First Lien No 17120422 First Lien No 17120423 First Lien No 17120424 First Lien No 17120425 First Lien No 17120426 First Lien No 17149077 First Lien No 17149078 First Lien No 17149079 First Lien No 17149080 First Lien No 17149081 First Lien No 17149082 First Lien No 17149083 First Lien No 17149084 First Lien No 17149086 First Lien No 17149087 First Lien No 17149088 First Lien No 17149089 First Lien No 17149090 First Lien No 17149091 First Lien No 17120401 First Lien No 17120402 First Lien No 17120403 First Lien No 17120404 First Lien No 17120405 First Lien No 17120406 First Lien No 17120407 First Lien No 17120408 First Lien No 17120409 First Lien No 17149092 First Lien No 17149093 First Lien No 17149094 First Lien No 17149095 First Lien No 17149096 First Lien No 17149097 First Lien No 17149098 First Lien No 17149099 First Lien No 17120498 First Lien No 17120455 First Lien No 17120477 First Lien No 17120490 First Lien No 17120532 First Lien No 17120544 First Lien No 17120540 First Lien No 17120541 First Lien No 17120542 First Lien No 17120543 First Lien No 17120545 First Lien No 17120546 First Lien No 17120547 First Lien No 17120548 First Lien No 17120549 First Lien No 17120550 First Lien No 17120551 First Lien No 17120552 First Lien No 17120553 First Lien No 17120554 First Lien No 17120555 First Lien No 17120556 First Lien No 17120557 First Lien No 17120558 First Lien No 17120559 First Lien No 17120560 First Lien No 17120561 First Lien No 17120562 First Lien No 17120563 First Lien No 17120564 First Lien No 17120565 First Lien No 17120566 First Lien No 17120567 First Lien No 17120568 First Lien No 17120569 First Lien No 17120570 First Lien No 17120571 First Lien No 17120572 First Lien No 17120573 First Lien No 17120574 First Lien No 17120575 First Lien No 17120576 First Lien No 17120526 First Lien No 17120527 First Lien No 17120528 First Lien No 17120529 First Lien No 17120530 First Lien No 17120531 First Lien No 17120533 First Lien No 17120534 First Lien No 17120535 First Lien No 17120536 First Lien No 17120537 First Lien No 17120538 First Lien No 17120539 First Lien No 17120510 First Lien No 17120511 First Lien No 17120512 First Lien No 17120513 First Lien No 17120514 First Lien No 17120515 First Lien No 17120516 First Lien No 17120517 First Lien No 17120518 First Lien No 17120519 First Lien No 17120520 First Lien No 17120521 First Lien No 17120522 First Lien No 17120523 First Lien No 17120524 First Lien No 17120525 First Lien No 17120500 First Lien No 17120501 First Lien No 17120502 First Lien No 17120503 First Lien No 17120504 First Lien No 17120505 First Lien No 17120506 First Lien No 17120507 First Lien No 17120508 First Lien No 17120509 First Lien No 17149110 First Lien No 17149111 First Lien No 17149112 First Lien No 17149113 First Lien No 17149103 First Lien No 17149105 First Lien No 17149106 First Lien No 17149107 First Lien No 17149108 First Lien No 17149109 First Lien No 17120450 First Lien No 17120451 First Lien No 17120452 First Lien No 17120453 First Lien No 17120454 First Lien No 17120456 First Lien No 17120457 First Lien No 17120458 First Lien No 17120459 First Lien No 17120460 First Lien No 17120461 First Lien No 17120462 First Lien No 17120463 First Lien No 17120464 First Lien No 17120465 First Lien No 17120466 First Lien No 17120467 First Lien No 17120468 First Lien No 17120469 First Lien No 17120470 First Lien No 17120471 First Lien No 17120472 First Lien No 17120473 First Lien No 17120474 First Lien No 17120476 First Lien No 17120478 First Lien No 17120479 First Lien No 17120480 First Lien No 17120481 First Lien No 17120482 First Lien No 17120483 First Lien No 17120484 First Lien No 17120485 First Lien No 17120486 First Lien No 17120487 First Lien No 17120488 First Lien No 17120489 First Lien No 17120491 First Lien No 17120492 First Lien No 17120493 First Lien No 17120494 First Lien No 17120495 First Lien No 17120496 First Lien No 17120499 First Lien No 17120429 First Lien No 17120430 First Lien No 17120431 First Lien No 17120432 First Lien No 17120433 First Lien No 17120434 First Lien No 17120436 First Lien No 17120437 First Lien No 17120438 First Lien No 17120440 First Lien No 17120441 First Lien No 17120442 First Lien No 17120443 First Lien No 17120444 First Lien No 17120445 First Lien No 17120446 First Lien No 17120447 First Lien No 17120448 First Lien No 17120449 First Lien No 17181086 First Lien No 17171924 First Lien No 17172078 First Lien No 17175048 First Lien No 17175049 First Lien No 17171987 First Lien No 17172020 First Lien No 17203440 First Lien No 17172004 First Lien No 17172023 First Lien No 17172005 First Lien No 17203443 First Lien No 17203445 First Lien No 17203409 First Lien No 17172044 First Lien No 17203427 First Lien No 17172008 First Lien No 17181117 First Lien No 17172064 First Lien No 17203267 First Lien No 17175071 First Lien No 17172065 First Lien No 17175054 First Lien No 17172048 First Lien No 17172049 First Lien No 17171951 First Lien No 17171995 First Lien No 17203410 First Lien No 17181120 First Lien No 17172112 First Lien No 17172014 First Lien No 17203451 First Lien No 17172051 First Lien No 17203255 First Lien No 17172053 First Lien No 17203437 First Lien No 17172036 First Lien No 17172136 First Lien No 17172073 First Lien No 17172055 First Lien No 17203294 First Lien No 17203278 First Lien No 17203359 First Lien No 17172039 First Lien No 17203396 First Lien No 17203423 First Lien No 17203388 First Lien No 17203364 First Lien No 17203354 First Lien No 17203317 First Lien No 17171965 First Lien No 17203331 First Lien No 17172132 First Lien No 17172133 First Lien No 17172127 First Lien No 17172130 First Lien No 17172104 First Lien No 17172114 First Lien No 17172125 First Lien No 17172126 First Lien No 17171998 First Lien No 17172001 First Lien No 17172002 First Lien No 17172010 First Lien No 17172022 First Lien No 17172033 First Lien No 17172041 First Lien No 17172057 First Lien No 17172061 First Lien No 17172068 First Lien No 17172074 First Lien No 17172084 First Lien No 17172086 First Lien No 17171926 First Lien No 17171946 First Lien No 17171952 First Lien No 17171957 First Lien No 17171960 First Lien No 17171979 First Lien No 17171980 First Lien No 17171983 First Lien No 17171990 First Lien No 17171992 First Lien No 17171922 First Lien No 17203303 First Lien No 17203452 First Lien No 17203340 First Lien No 17203351 First Lien No 17203283 First Lien No 17203252 First Lien No 17203412 First Lien No 17203321 First Lien No 17203385 First Lien No 17203392 First Lien No 17203401 First Lien No 17203435 First Lien No 17203383 First Lien No 17203323 First Lien No 17203449 First Lien No 17203328 First Lien No 17203339 First Lien No 17203315 First Lien No 17203257 First Lien No 17203295 First Lien No 17203290 First Lien No 17203299 First Lien No 17203424 First Lien No 17203379 First Lien No 17203256 First Lien No 17203422 First Lien No 17203253 First Lien No 17203312 First Lien No 17203293 First Lien No 17203418 First Lien No 17203314 First Lien No 17203448 First Lien No 17203384 First Lien No 17203281 First Lien No 17203348 First Lien No 17203390 First Lien No 17203310 First Lien No 17203363 First Lien No 17203425 First Lien No 17203373 First Lien No 17203266 First Lien No 17203358 First Lien No 17203429 First Lien No 17203371 First Lien No 17203337 First Lien No 17203421 First Lien No 17203430 First Lien No 17203247 First Lien No 17203320 First Lien No 17203405 First Lien No 17203270 First Lien No 17203362 First Lien No 17203361 First Lien No 17203272 First Lien No 17203350 First Lien No 17203403 First Lien No 17203301 First Lien No 17203349 First Lien No 17203338 First Lien No 17203345 First Lien No 17203307 First Lien No 17203357 First Lien No 17203442 First Lien No 17203277 First Lien No 17203280 First Lien No 17203344 First Lien No 17203381 First Lien No 17203436 First Lien No 17203333 First Lien No 17203316 First Lien No 17203305 First Lien No 17203292 First Lien No 17203419 First Lien No 17203433 First Lien No 17203438 First Lien No 17203284 First Lien No 17203275 First Lien No 17203411 First Lien No 17203324 First Lien No 17203408 First Lien No 17203300 First Lien No 17203273 First Lien No 17203446 First Lien No 17203415 First Lien No 17203389 First Lien No 17203398 First Lien No 17203274 First Lien No 17203318 First Lien No 17203391 First Lien No 17203399 First Lien No 17203450 First Lien No 17203447 First Lien No 17203453 First Lien No 17203428 First Lien No 17203313 First Lien No 17203431 First Lien No 17203417 First Lien No 17203343 First Lien No 17203360 First Lien No 17203416 First Lien No 17203406 First Lien No 17203367 First Lien No 17203380 First Lien No 17203286 First Lien No 17203330 First Lien No 17203249 First Lien No 17203342 First Lien No 17203346 First Lien No 17203264 First Lien No 17203322 First Lien No 17203397 First Lien No 17203407 First Lien No 17203336 First Lien No 17203374 First Lien No 17203329 First Lien No 17203327 First Lien No 17203369 First Lien No 17203335 First Lien No 17203291 First Lien No 17203289 First Lien No 17203372 First Lien No 17203296 First Lien No 17203254 First Lien No 17203444 First Lien No 17203365 First Lien No 17203259 First Lien No 17203366 First Lien No 17203353 First Lien No 17203285 First Lien No 17203352 First Lien No 17203306 First Lien No 17203414 First Lien No 17203393 First Lien No 17203382 First Lien No 17203302 First Lien No 17203356 First Lien No 17203387 First Lien No 17203377 First Lien No 17203308 First Lien No 17203276 First Lien No 17203288 First Lien No 17203378 First Lien No 17203376 First Lien No 17203370 First Lien No 17203248 First Lien No 17203341 First Lien No 17203334 First Lien No 17203395 First Lien No 17203332 First Lien No 17203309 First Lien No 17203375 First Lien No 17203279 First Lien No 17203386 First Lien No 17203311 First Lien No 17203420 First Lien No 17203402 First Lien No 17203439 First Lien No 17203297 First Lien No 17203282 First Lien No 17203368 First Lien No 17203394 First Lien No 17203400 First Lien No 17203355 First Lien No 17203404 First Lien No 17203426 First Lien No 17203298 First Lien No 17203304 First Lien No 17203434 First Lien No 17171962 First Lien No 17171963 First Lien No 17171966 First Lien No 17171967 First Lien No 17171968 First Lien No 17171969 First Lien No 17171970 First Lien No 17171971 First Lien No 17171973 First Lien No 17171974 First Lien No 17171978 First Lien No 17171982 First Lien No 17171985 First Lien No 17171986 First Lien No 17171988 First Lien No 17171989 First Lien No 17171991 First Lien No 17171993 First Lien No 17171996 First Lien No 17171999 First Lien No 17171950 First Lien No 17171955 First Lien No 17171916 First Lien No 17171917 First Lien No 17171918 First Lien No 17171919 First Lien No 17171920 First Lien No 17171921 First Lien No 17171923 First Lien No 17171925 First Lien No 17171927 First Lien No 17171933 First Lien No 17171935 First Lien No 17171937 First Lien No 17171939 First Lien No 17171945 First Lien No 17171949 First Lien No 17175070 First Lien No 17175072 First Lien No 17175056 First Lien No 17175057 First Lien No 17175059 First Lien No 17175060 First Lien No 17175061 First Lien No 17175062 First Lien No 17175063 First Lien No 17175064 First Lien No 17175065 First Lien No 17175066 First Lien No 17175067 First Lien No 17175068 First Lien No 17175069 First Lien No 17175031 First Lien No 17175032 First Lien No 17175034 First Lien No 17175035 First Lien No 17175036 First Lien No 17175037 First Lien No 17175040 First Lien No 17175041 First Lien No 17175042 First Lien No 17175043 First Lien No 17175045 First Lien No 17175046 First Lien No 17175047 First Lien No 17175050 First Lien No 17175051 First Lien No 17175052 First Lien No 17175053 First Lien No 17175024 First Lien No 17175025 First Lien No 17175026 First Lien No 17175027 First Lien No 17175028 First Lien No 17175029 First Lien No 17172120 First Lien No 17172121 First Lien No 17172122 First Lien No 17172123 First Lien No 17172124 First Lien No 17172128 First Lien No 17172129 First Lien No 17172131 First Lien No 17172134 First Lien No 17172135 First Lien No 17172137 First Lien No 17172138 First Lien No 17172139 First Lien No 17172100 First Lien No 17172101 First Lien No 17172102 First Lien No 17172103 First Lien No 17172105 First Lien No 17172106 First Lien No 17172107 First Lien No 17172108 First Lien No 17172109 First Lien No 17172110 First Lien No 17172111 First Lien No 17172113 First Lien No 17172115 First Lien No 17172116 First Lien No 17172117 First Lien No 17172119 First Lien No 17181161 First Lien No 17172090 First Lien No 17181162 First Lien No 17172091 First Lien No 17172092 First Lien No 17172093 First Lien No 17172094 First Lien No 17172095 First Lien No 17172097 First Lien No 17172098 First Lien No 17172099 First Lien No 17181150 First Lien No 17181151 First Lien No 17172080 First Lien No 17181152 First Lien No 17172081 First Lien No 17181153 First Lien No 17172082 First Lien No 17181154 First Lien No 17172083 First Lien No 17172085 First Lien No 17181158 First Lien No 17172087 First Lien No 17181159 First Lien No 17172088 First Lien No 17172089 First Lien No 17172060 First Lien No 17181132 First Lien No 17181133 First Lien No 17172062 First Lien No 17181134 First Lien No 17172063 First Lien No 17181135 First Lien No 17181136 First Lien No 17172066 First Lien No 17181138 First Lien No 17172067 First Lien No 17172069 First Lien No 17181140 First Lien No 17172070 First Lien No 17172071 First Lien No 17181143 First Lien No 17172072 First Lien No 17181145 First Lien No 17181146 First Lien No 17172075 First Lien No 17181147 First Lien No 17172076 First Lien No 17181148 First Lien No 17172077 First Lien No 17172079 First Lien No 17181130 First Lien No 17181131 First Lien No 17181121 First Lien No 17172050 First Lien No 17181122 First Lien No 17181123 First Lien No 17172052 First Lien No 17181124 First Lien No 17181125 First Lien No 17172054 First Lien No 17181126 First Lien No 17172056 First Lien No 17172059 First Lien No 17172047 First Lien No 17181119 First Lien No 17172021 First Lien No 17172024 First Lien No 17172025 First Lien No 17172026 First Lien No 17172027 First Lien No 17172028 First Lien No 17172029 First Lien No 17181100 First Lien No 17181101 First Lien No 17172030 First Lien No 17181102 First Lien No 17172031 First Lien No 17172032 First Lien No 17181104 First Lien No 17181105 First Lien No 17172034 First Lien No 17181106 First Lien No 17172035 First Lien No 17181107 First Lien No 17181108 First Lien No 17172037 First Lien No 17181109 First Lien No 17172038 First Lien No 17181110 First Lien No 17181111 First Lien No 17172040 First Lien No 17181112 First Lien No 17181113 First Lien No 17172042 First Lien No 17181114 First Lien No 17172043 First Lien No 17181115 First Lien No 17181116 First Lien No 17172045 First Lien No 17172046 First Lien No 17172017 First Lien No 17172018 First Lien No 17172019 First Lien No 17172000 First Lien No 17172006 First Lien No 17172007 First Lien No 17172009 First Lien No 17172011 First Lien No 17172013 First Lien No 17172015 First Lien No 17172016 First Lien No 17181088 First Lien No 17181090 First Lien No 17181092 First Lien No 17181093 First Lien No 17181094 First Lien No 17181095 First Lien No 17181096 First Lien No 17181097 First Lien No 17181099 First Lien No 17181082 First Lien No 17181083 First Lien No 17181084 First Lien No 17181085 First Lien No 17172140 First Lien No 17172141 First Lien No 17172142 First Lien No 17175038 First Lien No 17175039 First Lien No 17175044 First Lien No 17175073 First Lien No 17181098 First Lien No 17181103 First Lien No 17181118 First Lien No 17181128 First Lien No 17181129 First Lien No 17181137 First Lien No 17181139 First Lien No 17181144 First Lien No 17181149 First Lien No 17181155 First Lien No 17181156 First Lien No 17181157 First Lien No 17181160 First Lien No 17171928 First Lien No 17171929 First Lien No 17171930 First Lien No 17171931 First Lien No 17171932 First Lien No 17171934 First Lien No 17171936 First Lien No 17171938 First Lien No 17171940 First Lien No 17171941 First Lien No 17171942 First Lien No 17171943 First Lien No 17171944 First Lien No 17171947 First Lien No 17171948 First Lien No 17171953 First Lien No 17171954 First Lien No 17171956 First Lien No 17171958 First Lien No 17171959 First Lien No 17171961 First Lien No 17171964 First Lien No 17171975 First Lien No 17171976 First Lien No 17171977 First Lien No 17171981 First Lien No 17171984 First Lien No 17171994 First Lien No 17171997 First Lien No 17172003 First Lien No 17172058 First Lien No 17175030 First Lien No 17175033 First Lien No 17175055 First Lien No 17181087 First Lien No 17181089 First Lien No 17181091 First Lien No 17181127 First Lien No 17172118 First Lien No 17181142 First Lien No LOAN_SEQ IO_FLAG IO_PERIOD 17020574 Yes 60 17020737 Yes 120 17020575 Yes 120 17020498 Yes 60 17020499 No 0 17020820 Yes 120 17020821 Yes 120 17020660 Yes 60 17020822 Yes 120 17020661 Yes 120 17020823 Yes 120 17020662 Yes 120 17020824 Yes 120 17020663 Yes 120 17020825 Yes 120 17020664 Yes 60 17020826 Yes 120 17020665 Yes 60 17020827 Yes 120 17020828 Yes 120 17020667 Yes 60 17020829 Yes 120 17020668 Yes 60 17020669 Yes 120 17020830 Yes 120 17020831 Yes 120 17020670 Yes 120 17020832 Yes 120 17020833 Yes 120 17020671 Yes 120 17020834 Yes 120 17020672 Yes 60 17020835 Yes 120 17020673 No 0 17020836 Yes 120 17020674 Yes 60 17020837 Yes 120 17020675 Yes 120 17020838 Yes 120 17020676 Yes 60 17020839 Yes 120 17020677 Yes 120 17020678 Yes 120 17020679 Yes 120 17020840 Yes 120 17020841 Yes 120 17020842 Yes 120 17020680 Yes 120 17020843 Yes 120 17020681 Yes 120 17020844 Yes 120 17020682 Yes 60 17020845 Yes 120 17020683 Yes 60 17020846 Yes 120 17020684 Yes 120 17020685 No 0 17020848 Yes 120 17020686 Yes 60 17020849 Yes 120 17020687 Yes 60 17020688 Yes 120 17020689 Yes 60 17020850 Yes 120 17020657 Yes 60 17020495 Yes 60 17020819 Yes 120 17020658 Yes 120 17020496 Yes 60 17020659 Yes 60 17020497 Yes 60 17020492 Yes 60 17020816 Yes 120 17020655 Yes 120 17020493 Yes 60 17020817 Yes 120 17020656 Yes 60 17020494 Yes 60 17020812 Yes 120 17020651 Yes 60 17020813 Yes 120 17020814 Yes 120 17020652 Yes 60 17020490 Yes 120 17020491 Yes 60 17020815 Yes 120 17020654 Yes 60 17020500 Yes 60 17020501 Yes 60 17020502 No 0 17020503 Yes 120 17020504 Yes 60 17020505 Yes 60 17020506 No 0 17020507 Yes 60 17020508 Yes 60 17020509 Yes 60 17020510 Yes 120 17020511 Yes 60 17020512 Yes 60 17020513 Yes 120 17020514 Yes 120 17020515 Yes 60 17020516 Yes 120 17020517 No 0 17020518 Yes 120 17020519 Yes 120 17020520 Yes 60 17020521 Yes 120 17020522 Yes 60 17020523 No 0 17020524 Yes 120 17020525 Yes 60 17020526 Yes 60 17020527 Yes 120 17020528 Yes 60 17020529 Yes 60 17020530 Yes 60 17020531 Yes 60 17020532 No 0 17020533 Yes 60 17020534 No 0 17020535 No 0 17020536 No 0 17020537 Yes 60 17020538 Yes 60 17020539 Yes 120 17020700 Yes 60 17020701 Yes 120 17020702 Yes 120 17020540 No 0 17020703 Yes 60 17020541 Yes 120 17020704 Yes 60 17020542 No 0 17020705 Yes 120 17020543 Yes 60 17020706 Yes 120 17020544 Yes 60 17020707 Yes 120 17020545 Yes 60 17020708 Yes 120 17020546 Yes 120 17020547 Yes 120 17020385 Yes 120 17020548 No 0 17020386 Yes 60 17020549 Yes 120 17020387 Yes 60 17020388 Yes 120 17020389 Yes 120 17020710 No 0 17020711 Yes 120 17020550 Yes 120 17020712 Yes 120 17020551 Yes 60 17020713 No 0 17020714 No 0 17020552 Yes 60 17020715 Yes 120 17020553 Yes 60 17020391 Yes 60 17020392 Yes 60 17020554 Yes 60 17020716 Yes 120 17020717 Yes 120 17020555 Yes 60 17020393 Yes 120 17020718 Yes 120 17020556 Yes 120 17020394 Yes 60 17020395 Yes 120 17020557 Yes 60 17020719 Yes 120 17020558 No 0 17020397 Yes 60 17020559 Yes 120 17020398 Yes 60 17020399 Yes 120 17020720 Yes 120 17020721 Yes 120 17020722 Yes 120 17020560 Yes 120 17020723 Yes 120 17020561 Yes 60 17020724 No 0 17020562 Yes 60 17020725 Yes 120 17020563 Yes 60 17020726 Yes 120 17020564 Yes 60 17020727 Yes 120 17020565 Yes 60 17020728 Yes 120 17020566 Yes 60 17020729 No 0 17020567 No 0 17020568 Yes 60 17020569 Yes 120 17020730 No 0 17020731 Yes 120 17020732 Yes 120 17020570 Yes 120 17020733 Yes 120 17020571 Yes 60 17020734 Yes 120 17020572 Yes 60 17020735 Yes 120 17020573 Yes 60 17020736 Yes 120 17020487 No 0 17020488 Yes 60 17020489 Yes 60 17020810 Yes 120 17020811 Yes 120 17020650 Yes 120 17020791 Yes 120 17020792 Yes 120 17020793 Yes 120 17020794 Yes 120 17020795 Yes 120 17020796 Yes 120 17020797 Yes 120 17020798 Yes 120 17020799 Yes 120 17020790 Yes 120 17020646 Yes 60 17020484 Yes 60 17020808 Yes 120 17020647 Yes 120 17020485 Yes 60 17020809 Yes 120 17020648 Yes 120 17020486 Yes 120 17020649 No 0 17020781 Yes 120 17020782 Yes 120 17020783 Yes 120 17020784 Yes 120 17020785 Yes 120 17020786 Yes 120 17020787 Yes 120 17020788 Yes 120 17020789 Yes 120 17020612 Yes 60 17020450 Yes 60 17020613 Yes 60 17020451 Yes 120 17020614 No 0 17020452 No 0 17020615 No 0 17020453 Yes 60 17020616 Yes 60 17020454 No 0 17020617 Yes 120 17020455 Yes 60 17020456 No 0 17020618 No 0 17020619 Yes 120 17020457 Yes 60 17020458 No 0 17020459 Yes 60 17020620 Yes 60 17020621 Yes 60 17020622 Yes 60 17020460 Yes 120 17020623 No 0 17020461 Yes 60 17020624 Yes 60 17020462 Yes 60 17020625 Yes 60 17020463 Yes 120 17020626 Yes 60 17020464 Yes 120 17020627 Yes 60 17020465 Yes 60 17020628 Yes 60 17020466 Yes 60 17020629 Yes 60 17020467 Yes 120 17020468 Yes 120 17020469 Yes 120 17020630 Yes 60 17020631 Yes 120 17020632 Yes 60 17020470 Yes 120 17020633 Yes 120 17020471 Yes 60 17020634 Yes 60 17020472 Yes 120 17020635 No 0 17020473 Yes 60 17020636 Yes 120 17020474 Yes 120 17020637 Yes 60 17020475 No 0 17020638 Yes 60 17020476 Yes 60 17020477 Yes 120 17020478 Yes 120 17020479 Yes 120 17020800 Yes 120 17020801 Yes 120 17020640 Yes 60 17020802 Yes 120 17020641 Yes 60 17020803 Yes 120 17020642 Yes 120 17020480 Yes 60 17020804 Yes 120 17020643 No 0 17020481 Yes 60 17020805 Yes 120 17020644 Yes 60 17020482 Yes 120 17020806 Yes 120 17020645 No 0 17020483 Yes 60 17020807 Yes 120 17020436 Yes 120 17020437 Yes 60 17020438 Yes 120 17020439 No 0 17020600 Yes 120 17020601 Yes 120 17020602 Yes 60 17020440 Yes 120 17020603 Yes 60 17020441 Yes 60 17020604 Yes 120 17020442 Yes 120 17020605 Yes 120 17020606 Yes 120 17020444 Yes 60 17020607 Yes 60 17020445 Yes 120 17020608 Yes 120 17020446 Yes 60 17020609 Yes 60 17020447 Yes 120 17020448 No 0 17020449 Yes 60 17020610 Yes 60 17020611 Yes 120 17020771 Yes 120 17020772 Yes 120 17020773 Yes 120 17020774 Yes 120 17020775 Yes 120 17020777 Yes 120 17020778 Yes 120 17020779 Yes 120 17020780 Yes 120 17020400 Yes 120 17020401 No 0 17020402 Yes 120 17020403 Yes 120 17020404 Yes 120 17020405 Yes 120 17020406 Yes 120 17020407 Yes 120 17020408 Yes 120 17020409 Yes 120 17020410 Yes 120 17020411 Yes 120 17020412 Yes 120 17020413 Yes 120 17020415 Yes 120 17020416 Yes 120 17020417 Yes 120 17020418 Yes 120 17020419 Yes 120 17020420 Yes 120 17020421 Yes 120 17020422 No 0 17020423 Yes 60 17020424 Yes 60 17020425 Yes 60 17020427 Yes 60 17020428 Yes 60 17020429 Yes 120 17020430 Yes 60 17020431 Yes 120 17020432 Yes 60 17020433 Yes 60 17020434 Yes 120 17020761 Yes 120 17020762 Yes 120 17020763 Yes 120 17020764 Yes 120 17020765 Yes 120 17020766 Yes 120 17020767 Yes 120 17020768 Yes 120 17020769 Yes 120 17020770 Yes 120 17020851 Yes 120 17020852 Yes 120 17020690 Yes 120 17020853 Yes 120 17020691 Yes 120 17020854 Yes 120 17020692 Yes 60 17020855 Yes 120 17020693 Yes 60 17020856 Yes 120 17020694 No 0 17020857 Yes 120 17020695 Yes 60 17020858 Yes 120 17020696 Yes 60 17020859 Yes 120 17020697 Yes 60 17020698 Yes 120 17020699 Yes 60 17020860 Yes 120 17020861 Yes 120 17020862 Yes 120 17020740 No 0 17020741 Yes 120 17020742 No 0 17020580 Yes 120 17020743 Yes 120 17020581 Yes 60 17020744 Yes 120 17020582 Yes 60 17020745 Yes 120 17020583 Yes 120 17020746 Yes 120 17020584 Yes 60 17020747 Yes 120 17020585 Yes 120 17020748 Yes 120 17020586 Yes 60 17020749 Yes 120 17020587 Yes 60 17020588 Yes 120 17020589 Yes 120 17020750 No 0 17020751 Yes 120 17020590 Yes 60 17020752 Yes 120 17020591 Yes 120 17020753 Yes 120 17020592 Yes 60 17020754 Yes 120 17020593 Yes 120 17020755 Yes 120 17020594 Yes 60 17020756 Yes 120 17020595 Yes 60 17020757 Yes 120 17020596 No 0 17020758 Yes 120 17020597 No 0 17020759 Yes 120 17020598 Yes 120 17020599 No 0 17020760 Yes 120 17020738 Yes 120 17020576 Yes 60 17020739 Yes 120 17020577 No 0 17020578 Yes 60 17020390 Yes 60 17149253 Yes 120 17129133 Yes 120 17120372 Yes 120 17120377 Yes 120 17120399 Yes 120 17129138 Yes 120 17120386 Yes 120 17120389 No 0 17120412 No 0 17120421 Yes 120 17120390 Yes 120 17120391 Yes 120 17120392 Yes 120 17120393 Yes 120 17120394 Yes 120 17120395 Yes 120 17120397 No 0 17120398 Yes 120 17120385 Yes 120 17120387 Yes 120 17120388 Yes 120 17120384 Yes 120 17120330 Yes 84 17120331 No 0 17120332 Yes 120 17120333 Yes 120 17120334 Yes 120 17120335 Yes 120 17120336 Yes 120 17120337 Yes 120 17120338 Yes 120 17120339 Yes 120 17120341 Yes 120 17120342 Yes 120 17120343 Yes 120 17120344 No 0 17120346 Yes 120 17120347 Yes 120 17120348 Yes 120 17120349 No 0 17120350 Yes 120 17120351 Yes 120 17120353 No 0 17120354 Yes 120 17120355 Yes 120 17120356 Yes 120 17120357 Yes 120 17120358 Yes 120 17120359 Yes 120 17120360 Yes 120 17120361 Yes 120 17120362 Yes 120 17120363 Yes 120 17120364 Yes 120 17120365 Yes 120 17120366 Yes 120 17120367 Yes 120 17120370 Yes 120 17120371 Yes 120 17120373 Yes 120 17120374 Yes 120 17120375 Yes 120 17120376 Yes 120 17120378 Yes 120 17120379 Yes 120 17120380 Yes 120 17120381 Yes 120 17120382 Yes 120 17120383 Yes 120 17120327 Yes 84 17120328 No 0 17149240 Yes 120 17149241 Yes 120 17149242 Yes 120 17149243 Yes 84 17149244 Yes 120 17149245 Yes 120 17149246 Yes 120 17149247 Yes 120 17149248 Yes 120 17149249 Yes 120 17149250 Yes 120 17149251 Yes 120 17149252 Yes 120 17149100 Yes 120 17149101 Yes 120 17149102 No 0 17129130 Yes 84 17129131 Yes 84 17129132 Yes 84 17129134 Yes 120 17129135 No 0 17129136 Yes 120 17129137 Yes 120 17129139 Yes 120 17129140 Yes 120 17129141 No 0 17129142 Yes 120 17129144 Yes 120 17129145 Yes 120 17129127 Yes 84 17129128 Yes 84 17129129 Yes 120 17120410 Yes 120 17120411 Yes 120 17120413 Yes 120 17120414 Yes 120 17120415 Yes 120 17120416 Yes 120 17120417 Yes 120 17120418 Yes 120 17120419 Yes 120 17120420 Yes 120 17120422 Yes 120 17120423 Yes 120 17120424 Yes 120 17120425 Yes 120 17120426 Yes 120 17149077 Yes 84 17149078 Yes 84 17149079 Yes 84 17149080 Yes 84 17149081 Yes 120 17149082 Yes 120 17149083 Yes 84 17149084 Yes 120 17149086 Yes 120 17149087 Yes 84 17149088 No 0 17149089 Yes 120 17149090 No 0 17149091 No 0 17120401 Yes 120 17120402 Yes 120 17120403 Yes 120 17120404 Yes 120 17120405 Yes 120 17120406 Yes 120 17120407 Yes 120 17120408 Yes 120 17120409 Yes 120 17149092 Yes 120 17149093 Yes 120 17149094 Yes 120 17149095 Yes 120 17149096 Yes 120 17149097 Yes 120 17149098 Yes 120 17149099 Yes 120 17120498 Yes 120 17120455 Yes 120 17120477 No 0 17120490 Yes 120 17120532 Yes 120 17120544 Yes 120 17120540 Yes 120 17120541 Yes 120 17120542 Yes 120 17120543 Yes 120 17120545 Yes 120 17120546 Yes 120 17120547 Yes 120 17120548 Yes 120 17120549 Yes 120 17120550 Yes 120 17120551 Yes 120 17120552 Yes 120 17120553 Yes 120 17120554 No 0 17120555 Yes 120 17120556 Yes 120 17120557 Yes 120 17120558 Yes 120 17120559 Yes 120 17120560 Yes 120 17120561 Yes 120 17120562 Yes 120 17120563 Yes 120 17120564 Yes 120 17120565 Yes 120 17120566 Yes 120 17120567 Yes 120 17120568 Yes 120 17120569 Yes 120 17120570 Yes 120 17120571 Yes 120 17120572 Yes 120 17120573 Yes 120 17120574 Yes 120 17120575 Yes 120 17120576 Yes 120 17120526 Yes 120 17120527 Yes 120 17120528 Yes 120 17120529 No 0 17120530 Yes 120 17120531 Yes 120 17120533 Yes 120 17120534 Yes 120 17120535 Yes 120 17120536 No 0 17120537 Yes 120 17120538 Yes 120 17120539 Yes 120 17120510 Yes 120 17120511 Yes 120 17120512 No 0 17120513 No 0 17120514 Yes 120 17120515 Yes 120 17120516 Yes 120 17120517 Yes 120 17120518 Yes 120 17120519 Yes 120 17120520 Yes 120 17120521 Yes 120 17120522 Yes 120 17120523 Yes 120 17120524 Yes 120 17120525 No 0 17120500 Yes 120 17120501 Yes 120 17120502 Yes 120 17120503 Yes 120 17120504 Yes 120 17120505 Yes 120 17120506 Yes 120 17120507 Yes 120 17120508 No 0 17120509 Yes 120 17149110 Yes 120 17149111 Yes 120 17149112 Yes 120 17149113 Yes 120 17149103 Yes 120 17149105 No 0 17149106 Yes 120 17149107 No 0 17149108 Yes 120 17149109 Yes 120 17120450 Yes 120 17120451 Yes 120 17120452 Yes 120 17120453 Yes 120 17120454 Yes 120 17120456 Yes 120 17120457 Yes 120 17120458 Yes 120 17120459 Yes 120 17120460 Yes 120 17120461 Yes 120 17120462 No 0 17120463 Yes 120 17120464 Yes 120 17120465 Yes 120 17120466 No 0 17120467 Yes 120 17120468 Yes 120 17120469 Yes 120 17120470 Yes 120 17120471 Yes 120 17120472 Yes 120 17120473 Yes 120 17120474 Yes 120 17120476 Yes 120 17120478 Yes 120 17120479 Yes 120 17120480 Yes 120 17120481 Yes 120 17120482 Yes 120 17120483 Yes 120 17120484 Yes 120 17120485 Yes 120 17120486 Yes 120 17120487 Yes 120 17120488 Yes 120 17120489 Yes 120 17120491 Yes 120 17120492 Yes 120 17120493 Yes 120 17120494 Yes 120 17120495 Yes 120 17120496 Yes 120 17120499 No 0 17120429 Yes 120 17120430 Yes 120 17120431 Yes 120 17120432 Yes 120 17120433 Yes 120 17120434 Yes 120 17120436 Yes 120 17120437 Yes 120 17120438 Yes 120 17120440 Yes 120 17120441 Yes 120 17120442 Yes 120 17120443 Yes 120 17120444 Yes 120 17120445 Yes 120 17120446 Yes 120 17120447 Yes 120 17120448 Yes 120 17120449 Yes 120 17181086 Yes 60 17171924 Yes 120 17172078 Yes 120 17175048 Yes 120 17175049 Yes 120 17171987 Yes 60 17172020 Yes 120 17203440 Yes 120 17172004 Yes 120 17172023 Yes 120 17172005 Yes 60 17203443 Yes 120 17203445 Yes 120 17203409 Yes 120 17172044 Yes 120 17203427 No 0 17172008 Yes 120 17181117 Yes 120 17172064 Yes 120 17203267 Yes 120 17175071 Yes 120 17172065 Yes 120 17175054 Yes 120 17172048 Yes 120 17172049 No 0 17171951 Yes 60 17171995 Yes 60 17203410 Yes 120 17181120 Yes 60 17172112 Yes 120 17172014 Yes 60 17203451 Yes 120 17172051 Yes 120 17203255 No 0 17172053 No 0 17203437 Yes 120 17172036 Yes 120 17172136 Yes 60 17172073 Yes 120 17172055 Yes 120 17203294 Yes 60 17203278 Yes 60 17203359 Yes 120 17172039 No 0 17203396 Yes 120 17203423 No 0 17203388 No 0 17203364 Yes 120 17203354 Yes 120 17203317 Yes 120 17171965 Yes 60 17203331 No 0 17172132 Yes 120 17172133 Yes 120 17172127 Yes 120 17172130 Yes 120 17172104 Yes 120 17172114 Yes 120 17172125 Yes 120 17172126 Yes 120 17171998 Yes 60 17172001 Yes 120 17172002 Yes 120 17172010 Yes 120 17172022 Yes 120 17172033 Yes 120 17172041 Yes 120 17172057 Yes 120 17172061 Yes 120 17172068 Yes 120 17172074 Yes 120 17172084 Yes 120 17172086 Yes 120 17171926 Yes 60 17171946 Yes 60 17171952 Yes 60 17171957 Yes 60 17171960 Yes 60 17171979 Yes 60 17171980 Yes 60 17171983 Yes 60 17171990 Yes 60 17171992 Yes 60 17171922 Yes 60 17203303 Yes 120 17203452 Yes 120 17203340 Yes 120 17203351 Yes 120 17203283 Yes 60 17203252 Yes 120 17203412 Yes 120 17203321 Yes 120 17203385 Yes 120 17203392 Yes 120 17203401 Yes 120 17203435 Yes 120 17203383 Yes 120 17203323 No 0 17203449 No 0 17203328 Yes 120 17203339 Yes 120 17203315 Yes 120 17203257 Yes 120 17203295 Yes 120 17203290 Yes 60 17203299 No 0 17203424 Yes 120 17203379 Yes 120 17203256 No 0 17203422 Yes 120 17203253 Yes 120 17203312 Yes 60 17203293 Yes 60 17203418 Yes 120 17203314 Yes 60 17203448 Yes 120 17203384 Yes 120 17203281 No 0 17203348 Yes 120 17203390 Yes 120 17203310 Yes 120 17203363 Yes 120 17203425 Yes 120 17203373 Yes 120 17203266 Yes 60 17203358 Yes 120 17203429 Yes 120 17203371 Yes 120 17203337 Yes 120 17203421 Yes 120 17203430 Yes 120 17203247 Yes 120 17203320 Yes 120 17203405 Yes 120 17203270 Yes 60 17203362 Yes 120 17203361 Yes 120 17203272 Yes 60 17203350 Yes 120 17203403 No 0 17203301 Yes 120 17203349 Yes 120 17203338 Yes 120 17203345 Yes 120 17203307 Yes 60 17203357 Yes 120 17203442 Yes 120 17203277 Yes 120 17203280 Yes 60 17203344 Yes 120 17203381 Yes 60 17203436 Yes 120 17203333 Yes 120 17203316 Yes 120 17203305 Yes 60 17203292 Yes 60 17203419 Yes 120 17203433 Yes 120 17203438 Yes 120 17203284 Yes 120 17203275 Yes 60 17203411 Yes 120 17203324 Yes 120 17203408 Yes 120 17203300 Yes 60 17203273 Yes 60 17203446 Yes 120 17203415 Yes 120 17203389 Yes 120 17203398 Yes 120 17203274 Yes 120 17203318 Yes 60 17203391 Yes 120 17203399 Yes 120 17203450 No 0 17203447 Yes 120 17203453 Yes 120 17203428 Yes 120 17203313 No 0 17203431 Yes 120 17203417 Yes 120 17203343 Yes 120 17203360 Yes 120 17203416 Yes 120 17203406 Yes 120 17203367 Yes 120 17203380 Yes 120 17203286 No 0 17203330 Yes 120 17203249 Yes 120 17203342 Yes 120 17203346 Yes 120 17203264 Yes 120 17203322 Yes 120 17203397 Yes 120 17203407 Yes 120 17203336 Yes 120 17203374 Yes 120 17203329 No 0 17203327 Yes 120 17203369 Yes 120 17203335 Yes 120 17203291 No 0 17203289 Yes 60 17203372 Yes 120 17203296 Yes 60 17203254 No 0 17203444 Yes 120 17203365 Yes 120 17203259 Yes 120 17203366 Yes 120 17203353 Yes 120 17203285 Yes 60 17203352 Yes 120 17203306 Yes 60 17203414 No 0 17203393 Yes 120 17203382 Yes 120 17203302 Yes 60 17203356 Yes 120 17203387 Yes 120 17203377 Yes 60 17203308 Yes 120 17203276 No 0 17203288 No 0 17203378 Yes 120 17203376 Yes 60 17203370 Yes 120 17203248 No 0 17203341 Yes 120 17203334 Yes 120 17203395 Yes 120 17203332 Yes 120 17203309 Yes 120 17203375 Yes 120 17203279 Yes 60 17203386 Yes 60 17203311 Yes 60 17203420 Yes 120 17203402 Yes 120 17203439 Yes 120 17203297 No 0 17203282 Yes 120 17203368 Yes 120 17203394 Yes 120 17203400 Yes 120 17203355 Yes 120 17203404 No 0 17203426 No 0 17203298 Yes 60 17203304 Yes 120 17203434 Yes 120 17171962 Yes 120 17171963 Yes 60 17171966 Yes 60 17171967 No 0 17171968 Yes 120 17171969 Yes 60 17171970 Yes 120 17171971 Yes 120 17171973 Yes 60 17171974 Yes 60 17171978 No 0 17171982 Yes 60 17171985 Yes 120 17171986 Yes 60 17171988 Yes 60 17171989 Yes 60 17171991 Yes 60 17171993 Yes 60 17171996 Yes 60 17171999 Yes 60 17171950 Yes 120 17171955 Yes 120 17171916 Yes 120 17171917 Yes 120 17171918 Yes 120 17171919 No 0 17171920 Yes 120 17171921 Yes 120 17171923 Yes 60 17171925 Yes 60 17171927 Yes 120 17171933 Yes 120 17171935 Yes 60 17171937 Yes 120 17171939 Yes 60 17171945 Yes 120 17171949 Yes 60 17175070 Yes 120 17175072 Yes 120 17175056 Yes 120 17175057 Yes 120 17175059 No 0 17175060 No 0 17175061 Yes 120 17175062 Yes 120 17175063 Yes 120 17175064 Yes 120 17175065 Yes 120 17175066 Yes 120 17175067 No 0 17175068 Yes 120 17175069 Yes 120 17175031 Yes 60 17175032 Yes 60 17175034 No 0 17175035 Yes 60 17175036 Yes 60 17175037 Yes 60 17175040 No 0 17175041 Yes 60 17175042 Yes 60 17175043 Yes 120 17175045 Yes 120 17175046 Yes 120 17175047 Yes 120 17175050 Yes 120 17175051 Yes 120 17175052 Yes 120 17175053 Yes 120 17175024 Yes 120 17175025 Yes 120 17175026 Yes 120 17175027 Yes 120 17175028 Yes 120 17175029 Yes 120 17172120 Yes 120 17172121 Yes 120 17172122 Yes 120 17172123 No 0 17172124 Yes 120 17172128 Yes 120 17172129 Yes 120 17172131 Yes 120 17172134 Yes 120 17172135 Yes 120 17172137 Yes 120 17172138 Yes 120 17172139 Yes 120 17172100 Yes 120 17172101 No 0 17172102 Yes 120 17172103 Yes 120 17172105 Yes 120 17172106 Yes 120 17172107 No 0 17172108 No 0 17172109 Yes 120 17172110 Yes 120 17172111 No 0 17172113 Yes 120 17172115 Yes 120 17172116 Yes 120 17172117 Yes 120 17172119 Yes 120 17181161 Yes 120 17172090 Yes 120 17181162 Yes 60 17172091 Yes 120 17172092 Yes 120 17172093 Yes 120 17172094 Yes 120 17172095 Yes 120 17172097 Yes 120 17172098 Yes 120 17172099 Yes 120 17181150 Yes 120 17181151 No 0 17172080 Yes 120 17181152 Yes 120 17172081 Yes 120 17181153 No 0 17172082 Yes 120 17181154 Yes 120 17172083 No 0 17172085 Yes 120 17181158 Yes 120 17172087 Yes 120 17181159 Yes 120 17172088 Yes 120 17172089 Yes 120 17172060 Yes 120 17181132 No 0 17181133 Yes 60 17172062 Yes 120 17181134 No 0 17172063 Yes 120 17181135 No 0 17181136 Yes 120 17172066 Yes 120 17181138 Yes 120 17172067 Yes 120 17172069 Yes 120 17181140 Yes 120 17172070 Yes 120 17172071 No 0 17181143 Yes 120 17172072 Yes 120 17181145 Yes 120 17181146 No 0 17172075 Yes 120 17181147 Yes 120 17172076 No 0 17181148 Yes 120 17172077 Yes 120 17172079 Yes 120 17181130 Yes 120 17181131 Yes 120 17181121 No 0 17172050 No 0 17181122 Yes 120 17181123 Yes 120 17172052 Yes 120 17181124 Yes 120 17181125 Yes 120 17172054 Yes 120 17181126 Yes 60 17172056 Yes 60 17172059 Yes 120 17172047 Yes 120 17181119 Yes 120 17172021 Yes 120 17172024 No 0 17172025 Yes 120 17172026 No 0 17172027 Yes 120 17172028 Yes 120 17172029 Yes 120 17181100 Yes 60 17181101 Yes 120 17172030 Yes 120 17181102 Yes 60 17172031 Yes 120 17172032 No 0 17181104 Yes 60 17181105 Yes 120 17172034 Yes 120 17181106 Yes 120 17172035 Yes 120 17181107 Yes 120 17181108 Yes 120 17172037 Yes 120 17181109 Yes 120 17172038 Yes 120 17181110 Yes 120 17181111 Yes 120 17172040 Yes 120 17181112 Yes 120 17181113 Yes 120 17172042 Yes 120 17181114 Yes 120 17172043 Yes 120 17181115 No 0 17181116 Yes 120 17172045 Yes 120 17172046 Yes 120 17172017 No 0 17172018 No 0 17172019 Yes 120 17172000 Yes 120 17172006 Yes 120 17172007 Yes 120 17172009 Yes 120 17172011 Yes 120 17172013 Yes 120 17172015 Yes 120 17172016 Yes 120 17181088 Yes 60 17181090 Yes 60 17181092 Yes 120 17181093 Yes 60 17181094 Yes 120 17181095 Yes 60 17181096 Yes 60 17181097 Yes 60 17181099 Yes 60 17181082 Yes 120 17181083 Yes 120 17181084 Yes 60 17181085 Yes 60 17172140 Yes 120 17172141 Yes 120 17172142 Yes 120 17175038 Yes 60 17175039 Yes 60 17175044 Yes 120 17175073 Yes 120 17181098 Yes 60 17181103 Yes 60 17181118 Yes 120 17181128 Yes 120 17181129 Yes 60 17181137 Yes 120 17181139 Yes 120 17181144 No 0 17181149 Yes 120 17181155 Yes 120 17181156 Yes 120 17181157 Yes 120 17181160 Yes 120 17171928 Yes 60 17171929 Yes 60 17171930 Yes 60 17171931 Yes 120 17171932 No 0 17171934 Yes 60 17171936 Yes 60 17171938 Yes 60 17171940 Yes 60 17171941 Yes 60 17171942 Yes 120 17171943 Yes 60 17171944 Yes 120 17171947 Yes 60 17171948 Yes 60 17171953 Yes 120 17171954 Yes 60 17171956 Yes 60 17171958 Yes 60 17171959 Yes 60 17171961 Yes 120 17171964 Yes 120 17171975 Yes 60 17171976 Yes 60 17171977 Yes 60 17171981 Yes 120 17171984 Yes 60 17171994 Yes 120 17171997 Yes 60 17172003 Yes 120 17172058 Yes 120 17175030 Yes 60 17175033 Yes 60 17175055 Yes 120 17181087 Yes 120 17181089 Yes 60 17181091 Yes 60 17181127 Yes 60 17172118 Yes 120 17181142 Yes 120 LOAN_SEQ ORIGINATOR AMORT_TERM1 17020574 COUNTRYWIDE 360 17020737 COUNTRYWIDE 360 17020575 COUNTRYWIDE 360 17020498 COUNTRYWIDE 360 17020499 COUNTRYWIDE 360 17020820 COUNTRYWIDE 360 17020821 COUNTRYWIDE 360 17020660 COUNTRYWIDE 360 17020822 COUNTRYWIDE 360 17020661 COUNTRYWIDE 360 17020823 COUNTRYWIDE 360 17020662 COUNTRYWIDE 360 17020824 COUNTRYWIDE 360 17020663 COUNTRYWIDE 360 17020825 COUNTRYWIDE 360 17020664 COUNTRYWIDE 360 17020826 COUNTRYWIDE 360 17020665 COUNTRYWIDE 360 17020827 COUNTRYWIDE 360 17020828 COUNTRYWIDE 360 17020667 COUNTRYWIDE 360 17020829 COUNTRYWIDE 360 17020668 COUNTRYWIDE 360 17020669 COUNTRYWIDE 360 17020830 COUNTRYWIDE 360 17020831 COUNTRYWIDE 360 17020670 COUNTRYWIDE 360 17020832 COUNTRYWIDE 360 17020833 COUNTRYWIDE 360 17020671 COUNTRYWIDE 360 17020834 COUNTRYWIDE 360 17020672 COUNTRYWIDE 360 17020835 COUNTRYWIDE 360 17020673 COUNTRYWIDE 360 17020836 COUNTRYWIDE 360 17020674 COUNTRYWIDE 360 17020837 COUNTRYWIDE 360 17020675 COUNTRYWIDE 360 17020838 COUNTRYWIDE 360 17020676 COUNTRYWIDE 360 17020839 COUNTRYWIDE 360 17020677 COUNTRYWIDE 360 17020678 COUNTRYWIDE 360 17020679 COUNTRYWIDE 360 17020840 COUNTRYWIDE 360 17020841 COUNTRYWIDE 360 17020842 COUNTRYWIDE 360 17020680 COUNTRYWIDE 360 17020843 COUNTRYWIDE 360 17020681 COUNTRYWIDE 360 17020844 COUNTRYWIDE 360 17020682 COUNTRYWIDE 360 17020845 COUNTRYWIDE 360 17020683 COUNTRYWIDE 360 17020846 COUNTRYWIDE 360 17020684 COUNTRYWIDE 360 17020685 COUNTRYWIDE 360 17020848 COUNTRYWIDE 360 17020686 COUNTRYWIDE 360 17020849 COUNTRYWIDE 360 17020687 COUNTRYWIDE 360 17020688 COUNTRYWIDE 360 17020689 COUNTRYWIDE 360 17020850 COUNTRYWIDE 360 17020657 COUNTRYWIDE 360 17020495 COUNTRYWIDE 360 17020819 COUNTRYWIDE 360 17020658 COUNTRYWIDE 360 17020496 COUNTRYWIDE 360 17020659 COUNTRYWIDE 360 17020497 COUNTRYWIDE 360 17020492 COUNTRYWIDE 360 17020816 COUNTRYWIDE 360 17020655 COUNTRYWIDE 360 17020493 COUNTRYWIDE 360 17020817 COUNTRYWIDE 360 17020656 COUNTRYWIDE 360 17020494 COUNTRYWIDE 360 17020812 COUNTRYWIDE 360 17020651 COUNTRYWIDE 360 17020813 COUNTRYWIDE 360 17020814 COUNTRYWIDE 360 17020652 COUNTRYWIDE 360 17020490 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COUNTRYWIDE 360 17203384 COUNTRYWIDE 360 17203281 COUNTRYWIDE 360 17203348 COUNTRYWIDE 360 17203390 COUNTRYWIDE 360 17203310 COUNTRYWIDE 360 17203363 COUNTRYWIDE 360 17203425 COUNTRYWIDE 360 17203373 COUNTRYWIDE 360 17203266 COUNTRYWIDE 360 17203358 COUNTRYWIDE 360 17203429 COUNTRYWIDE 360 17203371 COUNTRYWIDE 360 17203337 COUNTRYWIDE 360 17203421 COUNTRYWIDE 360 17203430 COUNTRYWIDE 360 17203247 COUNTRYWIDE 360 17203320 COUNTRYWIDE 360 17203405 COUNTRYWIDE 360 17203270 COUNTRYWIDE 360 17203362 COUNTRYWIDE 360 17203361 COUNTRYWIDE 360 17203272 COUNTRYWIDE 360 17203350 COUNTRYWIDE 360 17203403 COUNTRYWIDE 360 17203301 COUNTRYWIDE 360 17203349 COUNTRYWIDE 360 17203338 COUNTRYWIDE 360 17203345 COUNTRYWIDE 360 17203307 COUNTRYWIDE 360 17203357 COUNTRYWIDE 360 17203442 COUNTRYWIDE 360 17203277 COUNTRYWIDE 360 17203280 COUNTRYWIDE 360 17203344 COUNTRYWIDE 360 17203381 COUNTRYWIDE 360 17203436 COUNTRYWIDE 360 17203333 COUNTRYWIDE 360 17203316 COUNTRYWIDE 360 17203305 COUNTRYWIDE 360 17203292 COUNTRYWIDE 360 17203419 COUNTRYWIDE 360 17203433 COUNTRYWIDE 360 17203438 COUNTRYWIDE 360 17203284 COUNTRYWIDE 360 17203275 COUNTRYWIDE 360 17203411 COUNTRYWIDE 360 17203324 COUNTRYWIDE 360 17203408 COUNTRYWIDE 360 17203300 COUNTRYWIDE 360 17203273 COUNTRYWIDE 360 17203446 COUNTRYWIDE 360 17203415 COUNTRYWIDE 360 17203389 COUNTRYWIDE 360 17203398 COUNTRYWIDE 360 17203274 COUNTRYWIDE 360 17203318 COUNTRYWIDE 360 17203391 COUNTRYWIDE 360 17203399 COUNTRYWIDE 360 17203450 COUNTRYWIDE 360 17203447 COUNTRYWIDE 360 17203453 COUNTRYWIDE 360 17203428 COUNTRYWIDE 360 17203313 COUNTRYWIDE 360 17203431 COUNTRYWIDE 360 17203417 COUNTRYWIDE 360 17203343 COUNTRYWIDE 360 17203360 COUNTRYWIDE 360 17203416 COUNTRYWIDE 360 17203406 COUNTRYWIDE 360 17203367 COUNTRYWIDE 360 17203380 COUNTRYWIDE 360 17203286 COUNTRYWIDE 360 17203330 COUNTRYWIDE 360 17203249 COUNTRYWIDE 360 17203342 COUNTRYWIDE 360 17203346 COUNTRYWIDE 360 17203264 COUNTRYWIDE 360 17203322 COUNTRYWIDE 360 17203397 COUNTRYWIDE 360 17203407 COUNTRYWIDE 360 17203336 COUNTRYWIDE 360 17203374 COUNTRYWIDE 360 17203329 COUNTRYWIDE 360 17203327 COUNTRYWIDE 360 17203369 COUNTRYWIDE 360 17203335 COUNTRYWIDE 360 17203291 COUNTRYWIDE 360 17203289 COUNTRYWIDE 360 17203372 COUNTRYWIDE 360 17203296 COUNTRYWIDE 360 17203254 COUNTRYWIDE 360 17203444 COUNTRYWIDE 360 17203365 COUNTRYWIDE 360 17203259 COUNTRYWIDE 360 17203366 COUNTRYWIDE 360 17203353 COUNTRYWIDE 360 17203285 COUNTRYWIDE 360 17203352 COUNTRYWIDE 360 17203306 COUNTRYWIDE 360 17203414 COUNTRYWIDE 360 17203393 COUNTRYWIDE 360 17203382 COUNTRYWIDE 360 17203302 COUNTRYWIDE 360 17203356 COUNTRYWIDE 360 17203387 COUNTRYWIDE 480 17203377 COUNTRYWIDE 360 17203308 COUNTRYWIDE 360 17203276 COUNTRYWIDE 360 17203288 COUNTRYWIDE 360 17203378 COUNTRYWIDE 360 17203376 COUNTRYWIDE 360 17203370 COUNTRYWIDE 360 17203248 COUNTRYWIDE 360 17203341 COUNTRYWIDE 360 17203334 COUNTRYWIDE 360 17203395 COUNTRYWIDE 360 17203332 COUNTRYWIDE 360 17203309 COUNTRYWIDE 360 17203375 COUNTRYWIDE 360 17203279 COUNTRYWIDE 360 17203386 COUNTRYWIDE 360 17203311 COUNTRYWIDE 360 17203420 COUNTRYWIDE 360 17203402 COUNTRYWIDE 360 17203439 COUNTRYWIDE 360 17203297 COUNTRYWIDE 360 17203282 COUNTRYWIDE 360 17203368 COUNTRYWIDE 360 17203394 COUNTRYWIDE 360 17203400 COUNTRYWIDE 360 17203355 COUNTRYWIDE 360 17203404 COUNTRYWIDE 360 17203426 COUNTRYWIDE 360 17203298 COUNTRYWIDE 360 17203304 COUNTRYWIDE 360 17203434 COUNTRYWIDE 360 17171962 COUNTRYWIDE 360 17171963 COUNTRYWIDE 360 17171966 COUNTRYWIDE 360 17171967 COUNTRYWIDE 360 17171968 COUNTRYWIDE 360 17171969 COUNTRYWIDE 360 17171970 COUNTRYWIDE 360 17171971 COUNTRYWIDE 360 17171973 COUNTRYWIDE 360 17171974 COUNTRYWIDE 360 17171978 COUNTRYWIDE 360 17171982 COUNTRYWIDE 360 17171985 COUNTRYWIDE 360 17171986 COUNTRYWIDE 360 17171988 COUNTRYWIDE 360 17171989 COUNTRYWIDE 360 17171991 COUNTRYWIDE 360 17171993 COUNTRYWIDE 360 17171996 COUNTRYWIDE 360 17171999 COUNTRYWIDE 360 17171950 COUNTRYWIDE 360 17171955 COUNTRYWIDE 360 17171916 COUNTRYWIDE 360 17171917 COUNTRYWIDE 360 17171918 COUNTRYWIDE 360 17171919 COUNTRYWIDE 360 17171920 COUNTRYWIDE 360 17171921 COUNTRYWIDE 360 17171923 COUNTRYWIDE 360 17171925 COUNTRYWIDE 360 17171927 COUNTRYWIDE 360 17171933 COUNTRYWIDE 360 17171935 COUNTRYWIDE 480 17171937 COUNTRYWIDE 360 17171939 COUNTRYWIDE 360 17171945 COUNTRYWIDE 360 17171949 COUNTRYWIDE 360 17175070 COUNTRYWIDE 360 17175072 COUNTRYWIDE 360 17175056 COUNTRYWIDE 360 17175057 COUNTRYWIDE 360 17175059 COUNTRYWIDE 480 17175060 COUNTRYWIDE 360 17175061 COUNTRYWIDE 360 17175062 COUNTRYWIDE 360 17175063 COUNTRYWIDE 360 17175064 COUNTRYWIDE 360 17175065 COUNTRYWIDE 360 17175066 COUNTRYWIDE 360 17175067 COUNTRYWIDE 360 17175068 COUNTRYWIDE 360 17175069 COUNTRYWIDE 360 17175031 COUNTRYWIDE 360 17175032 COUNTRYWIDE 360 17175034 COUNTRYWIDE 360 17175035 COUNTRYWIDE 360 17175036 COUNTRYWIDE 360 17175037 COUNTRYWIDE 360 17175040 COUNTRYWIDE 360 17175041 COUNTRYWIDE 360 17175042 COUNTRYWIDE 360 17175043 COUNTRYWIDE 360 17175045 COUNTRYWIDE 360 17175046 COUNTRYWIDE 360 17175047 COUNTRYWIDE 360 17175050 COUNTRYWIDE 360 17175051 COUNTRYWIDE 360 17175052 COUNTRYWIDE 360 17175053 COUNTRYWIDE 360 17175024 COUNTRYWIDE 360 17175025 COUNTRYWIDE 360 17175026 COUNTRYWIDE 360 17175027 COUNTRYWIDE 360 17175028 COUNTRYWIDE 360 17175029 COUNTRYWIDE 360 17172120 COUNTRYWIDE 360 17172121 COUNTRYWIDE 360 17172122 COUNTRYWIDE 360 17172123 COUNTRYWIDE 360 17172124 COUNTRYWIDE 360 17172128 COUNTRYWIDE 360 17172129 COUNTRYWIDE 360 17172131 COUNTRYWIDE 360 17172134 COUNTRYWIDE 360 17172135 COUNTRYWIDE 360 17172137 COUNTRYWIDE 360 17172138 COUNTRYWIDE 360 17172139 COUNTRYWIDE 360 17172100 COUNTRYWIDE 360 17172101 COUNTRYWIDE 360 17172102 COUNTRYWIDE 360 17172103 COUNTRYWIDE 360 17172105 COUNTRYWIDE 360 17172106 COUNTRYWIDE 360 17172107 COUNTRYWIDE 360 17172108 COUNTRYWIDE 360 17172109 COUNTRYWIDE 360 17172110 COUNTRYWIDE 360 17172111 COUNTRYWIDE 360 17172113 COUNTRYWIDE 360 17172115 COUNTRYWIDE 360 17172116 COUNTRYWIDE 360 17172117 COUNTRYWIDE 360 17172119 COUNTRYWIDE 360 17181161 COUNTRYWIDE 360 17172090 COUNTRYWIDE 360 17181162 COUNTRYWIDE 360 17172091 COUNTRYWIDE 360 17172092 COUNTRYWIDE 360 17172093 COUNTRYWIDE 360 17172094 COUNTRYWIDE 360 17172095 COUNTRYWIDE 360 17172097 COUNTRYWIDE 360 17172098 COUNTRYWIDE 360 17172099 COUNTRYWIDE 360 17181150 COUNTRYWIDE 360 17181151 COUNTRYWIDE 360 17172080 COUNTRYWIDE 360 17181152 COUNTRYWIDE 360 17172081 COUNTRYWIDE 360 17181153 COUNTRYWIDE 360 17172082 COUNTRYWIDE 360 17181154 COUNTRYWIDE 360 17172083 COUNTRYWIDE 360 17172085 COUNTRYWIDE 360 17181158 COUNTRYWIDE 360 17172087 COUNTRYWIDE 360 17181159 COUNTRYWIDE 360 17172088 COUNTRYWIDE 360 17172089 COUNTRYWIDE 360 17172060 COUNTRYWIDE 360 17181132 COUNTRYWIDE 360 17181133 COUNTRYWIDE 360 17172062 COUNTRYWIDE 360 17181134 COUNTRYWIDE 360 17172063 COUNTRYWIDE 360 17181135 COUNTRYWIDE 360 17181136 COUNTRYWIDE 360 17172066 COUNTRYWIDE 360 17181138 COUNTRYWIDE 360 17172067 COUNTRYWIDE 360 17172069 COUNTRYWIDE 360 17181140 COUNTRYWIDE 360 17172070 COUNTRYWIDE 360 17172071 COUNTRYWIDE 360 17181143 COUNTRYWIDE 360 17172072 COUNTRYWIDE 360 17181145 COUNTRYWIDE 360 17181146 COUNTRYWIDE 360 17172075 COUNTRYWIDE 360 17181147 COUNTRYWIDE 360 17172076 COUNTRYWIDE 360 17181148 COUNTRYWIDE 360 17172077 COUNTRYWIDE 360 17172079 COUNTRYWIDE 360 17181130 COUNTRYWIDE 360 17181131 COUNTRYWIDE 360 17181121 COUNTRYWIDE 360 17172050 COUNTRYWIDE 360 17181122 COUNTRYWIDE 360 17181123 COUNTRYWIDE 360 17172052 COUNTRYWIDE 360 17181124 COUNTRYWIDE 360 17181125 COUNTRYWIDE 360 17172054 COUNTRYWIDE 360 17181126 COUNTRYWIDE 360 17172056 COUNTRYWIDE 360 17172059 COUNTRYWIDE 360 17172047 COUNTRYWIDE 360 17181119 COUNTRYWIDE 360 17172021 COUNTRYWIDE 360 17172024 COUNTRYWIDE 360 17172025 COUNTRYWIDE 360 17172026 COUNTRYWIDE 360 17172027 COUNTRYWIDE 360 17172028 COUNTRYWIDE 360 17172029 COUNTRYWIDE 360 17181100 COUNTRYWIDE 360 17181101 COUNTRYWIDE 360 17172030 COUNTRYWIDE 360 17181102 COUNTRYWIDE 360 17172031 COUNTRYWIDE 360 17172032 COUNTRYWIDE 360 17181104 COUNTRYWIDE 360 17181105 COUNTRYWIDE 360 17172034 COUNTRYWIDE 360 17181106 COUNTRYWIDE 360 17172035 COUNTRYWIDE 360 17181107 COUNTRYWIDE 360 17181108 COUNTRYWIDE 360 17172037 COUNTRYWIDE 360 17181109 COUNTRYWIDE 360 17172038 COUNTRYWIDE 360 17181110 COUNTRYWIDE 360 17181111 COUNTRYWIDE 360 17172040 COUNTRYWIDE 360 17181112 COUNTRYWIDE 360 17181113 COUNTRYWIDE 360 17172042 COUNTRYWIDE 360 17181114 COUNTRYWIDE 360 17172043 COUNTRYWIDE 360 17181115 COUNTRYWIDE 360 17181116 COUNTRYWIDE 360 17172045 COUNTRYWIDE 360 17172046 COUNTRYWIDE 360 17172017 COUNTRYWIDE 360 17172018 COUNTRYWIDE 360 17172019 COUNTRYWIDE 360 17172000 COUNTRYWIDE 360 17172006 COUNTRYWIDE 360 17172007 COUNTRYWIDE 360 17172009 COUNTRYWIDE 360 17172011 COUNTRYWIDE 360 17172013 COUNTRYWIDE 360 17172015 COUNTRYWIDE 360 17172016 COUNTRYWIDE 360 17181088 COUNTRYWIDE 360 17181090 COUNTRYWIDE 360 17181092 COUNTRYWIDE 360 17181093 COUNTRYWIDE 360 17181094 COUNTRYWIDE 360 17181095 COUNTRYWIDE 360 17181096 COUNTRYWIDE 360 17181097 COUNTRYWIDE 360 17181099 COUNTRYWIDE 360 17181082 COUNTRYWIDE 360 17181083 COUNTRYWIDE 360 17181084 COUNTRYWIDE 360 17181085 COUNTRYWIDE 360 17172140 COUNTRYWIDE 360 17172141 COUNTRYWIDE 360 17172142 COUNTRYWIDE 360 17175038 COUNTRYWIDE 360 17175039 COUNTRYWIDE 360 17175044 COUNTRYWIDE 360 17175073 COUNTRYWIDE 360 17181098 COUNTRYWIDE 360 17181103 COUNTRYWIDE 360 17181118 COUNTRYWIDE 360 17181128 COUNTRYWIDE 360 17181129 COUNTRYWIDE 360 17181137 COUNTRYWIDE 360 17181139 COUNTRYWIDE 360 17181144 COUNTRYWIDE 360 17181149 COUNTRYWIDE 360 17181155 COUNTRYWIDE 360 17181156 COUNTRYWIDE 360 17181157 COUNTRYWIDE 360 17181160 COUNTRYWIDE 360 17171928 COUNTRYWIDE 360 17171929 COUNTRYWIDE 360 17171930 COUNTRYWIDE 360 17171931 COUNTRYWIDE 360 17171932 COUNTRYWIDE 360 17171934 COUNTRYWIDE 360 17171936 COUNTRYWIDE 360 17171938 COUNTRYWIDE 360 17171940 COUNTRYWIDE 360 17171941 COUNTRYWIDE 360 17171942 COUNTRYWIDE 360 17171943 COUNTRYWIDE 360 17171944 COUNTRYWIDE 360 17171947 COUNTRYWIDE 360 17171948 COUNTRYWIDE 360 17171953 COUNTRYWIDE 360 17171954 COUNTRYWIDE 360 17171956 COUNTRYWIDE 360 17171958 COUNTRYWIDE 360 17171959 COUNTRYWIDE 360 17171961 COUNTRYWIDE 360 17171964 COUNTRYWIDE 360 17171975 COUNTRYWIDE 360 17171976 COUNTRYWIDE 360 17171977 COUNTRYWIDE 360 17171981 COUNTRYWIDE 360 17171984 COUNTRYWIDE 360 17171994 COUNTRYWIDE 360 17171997 COUNTRYWIDE 360 17172003 COUNTRYWIDE 360 17172058 COUNTRYWIDE 360 17175030 COUNTRYWIDE 360 17175033 COUNTRYWIDE 360 17175055 COUNTRYWIDE 360 17181087 COUNTRYWIDE 360 17181089 COUNTRYWIDE 360 17181091 COUNTRYWIDE 360 17181127 COUNTRYWIDE 360 17172118 COUNTRYWIDE 360 17181142 COUNTRYWIDE 360
EXHIBIT
C
[RESERVED]
EXHIBIT
D
REQUEST
FOR RELEASE OF DOCUMENTS - TREASURY BANK
To:
|
Treasury
Bank, A Division of Countrywide Bank,
FSB
|
0000
X.
Xxx Xxxxxxx Xxxxxx
Xxxx
Xxxxxx, Xxxxxxxxxx 00000
Facsimile:
(000) 000-0000
RE:
|
Custodial
Agreement, dated as of
|
April
30,
2007, among XXXX XX,
EMC
Mortgage Corporation, as Seller and Master Servicer
Treasury
Bank, A Division of Countrywide Bank, FSB., as custodian,
and
Xxxxx
Fargo Bank, N.A., as Trustee
In
connection with the administration of the Mortgage Loans held by you pursuant
to
the above-captioned Custodial Agreement, we request the release, and hereby
acknowledge receipt, of the Mortgage File for the Mortgage Loan described below,
for the reason indicated.
Mortgage
Loan Number:
Mortgagor
Name, Address & Zip Code:
Reason
for Requesting Documents (check one):
_____
|
1.
|
Mortgage
Paid in Full and proceeds have been deposited into the Custodial
Account
|
_____
|
2.
|
Foreclosure
|
_____
|
3.
|
Substitution
|
_____
|
4.
|
Other
Liquidation
|
_____
|
5.
|
Nonliquidation Reason:
______________________
|
_____
|
6.
|
California
Mortgage Loan paid in full
|
By:
|
|||||||||
(authorized
signer)
|
|||||||||
Issuer:
|
|||||||||
Address:
|
|||||||||
Date:
|
EXHIBIT
E-1
FORM
OF
TRANSFEREE AFFIDAVIT AND AGREEMENT
PURSUANT
TO SECTION 860E(e)4
Affidavit
pursuant to
Section
860E(e)(4) of
the
Internal Revenue
Code
of 1986, as
amended,
and for other purposes
|
STATE OF NEW YORK | ) |
) ss: | |
COUNTY OF NEW YORK | ) |
The
undersigned is the [Title of Officer] of [_________] (the “Investor”), the
proposed transferee of an ownership interest in the Bear Xxxxxxx Arm Trust
Mortgage Pass-Through Certificates, Series 2007-3, Class [R-I][ R-II][R-III]
Certificates (the “Certificates”) issued pursuant to the Pooling and Servicing
Agreement, dated as of April 1, 2007 (the “Agreement”), among Structured Asset
Mortgage Investments II Inc. as depositor (the “Depositor”), EMC Mortgage
Corporation, as seller and as master servicer, and Xxxxx Fargo Bank, N.A.,
as
trustee (the “Trustee”),
and
makes this affidavit on behalf of the Investor for the benefit of the Depositor
and the Trustee. Capitalized terms used, but not defined herein, shall have
the
meanings ascribed to such terms in the Agreement.
1. The
Investor is, as of the date hereof, and will be, as of the date of the Transfer,
a Permitted Transferee. The Investor is not acquiring its ownership interest
in
the Certificates for the account of a Person other than a Permitted Transferee.
2. The
Investor has been advised and understands that (i) a tax will be imposed on
transfers of the Certificates to Persons that are not Permitted Transferees;
(ii) such tax will be imposed on the transferor, or, if such transfer is
through an agent (which includes a broker, nominee or middleman) for a Person
that is not a Permitted Transferee, on the agent; and (iii) the Person
otherwise liable for the tax shall be relieved of liability for the tax if
a
subsequent transferee furnishes to such Person an affidavit that such subsequent
transferee is a Permitted Transferee, and at the time of transfer, such Person
does not have actual knowledge that the affidavit is false.
3. The
Investor has been advised and understands that a tax will be imposed on a
“pass-through entity” holding the Certificates if at any time during the taxable
year of the pass-through entity a Person that is not a Permitted Transferee
is
the record holder of an interest in such entity. The Investor understands that
such tax will not be imposed for any period with respect to which the record
holder furnishes to the pass-through entity an affidavit that such record holder
is a Permitted Transferee and the pass-through entity does not have actual
knowledge that such affidavit is false. (For this purpose, a “pass-through
entity” includes a regulated investment company, a real estate investment trust
or common trust fund, a partnership, trust or estate, and certain cooperatives
and, except as may be provided in Treasury regulations, Persons holding
interests in pass-through entities as a nominee for another
Person.)
4. The
Investor has reviewed the provisions of Section 5.05 of the Agreement and
understands the legal consequences of the acquisition of an ownership interest
in the Certificates, including, without limitation, the restrictions on
subsequent transfers and the provisions regarding voiding any prohibited
transfers and mandatory sales. The Investor expressly agrees to be bound by,
and
to abide by, such provisions of the Agreement and the restrictions noted on
the
face of the Certificates. The Investor understands and agrees that any breach
of
any of the representations included herein shall render the transfer of the
Certificates to the Investor contemplated hereby null and void. The Investor
consents to any amendment of the Agreement that shall be deemed necessary by
the
Tax Matters Person, the Trustee or the Depositor (upon advice of nationally
recognized counsel) to constitute a reasonable arrangement to ensure that the
Certificates will not be owned directly or indirectly by a Person other than
a
Permitted Transferee.
5. The
Investor agrees not to transfer the Certificates, or cause the transfer of
the
Certificates by a Person for whom the Investor is acting as nominee, trustee
or
agent, in each case unless it has received an affidavit and agreement in
substantially the same form as this affidavit and agreement containing these
same representations and covenants from the subsequent transferee. In connection
with any such transfer by the Investor, the Investor agrees to deliver to the
Trustee and the Depositor an
affidavit
substantially in the form set forth as Exhibit P to the Agreement to the
effect that the Investor has no actual knowledge that the Person to which the
transfer is to be made is not a Permitted Transferee.
6. The
Investor has historically paid its debts as they have come due, intends to
pay
its debts as they come due in the future, and understands that the taxes
associated with holder an ownership interest in the Certificates may exceed
the
cash flow with respect thereto in some or all periods and intends to pay such
taxes as they become due. The Investor does not have the intention, and no
purpose of the transfer of the Certificates to the Investor is, to impede the
assessment or collection of any tax legally required to be paid with respect
to
the Certificates.
7. The
Investor’s U.S. taxpayer identification number is #[__________].
8. The
Investor is a “United States person” within the meaning of Section 7701(a)(30)
of the Code (a “United State Person”).
9. The
Investor is aware that the Certificates may be a “noneconomic residual interest”
within the meaning of Treasury regulations promulgated under Section 860E of
the
Code and that the transferor of a noneconomic residual interest will remain
liable for any taxes due with respect to the income on such residual interest,
unless no significant purpose of the transfer was to impede the assessment
or
collection of tax.
10. The
Investor will not cause income from the Certificates to be attributable to
a
foreign permanent establishment or fixed base, within the meaning of an
applicable income tax treaty, of the Investor or any other United States
Person.
11.
Check
one
of the following:
o
The
transfer of the Certificates complies with U.S. Treasury Regulation Sections
1.860E-1(c)(7) and (8) and, accordingly:
(i)
the
present value of the anticipated tax liabilities associated with holding the
Certificates does not exceed the sum of:
(a) |
the
present value of any consideration given to the Investor to acquire
such
Certificates;
|
(b) |
the
present value of the expected future distributions on such Certificates;
and
|
(c) |
the
present value of the anticipated tax savings associated with holding
such
Certificates as the related REMIC generates losses;
and
|
(ii)
the
transfer of the Certificates will not result in such Certificates being held,
directly or indirectly, by a foreign permanent establishment or fixed base,
within the meaning of an applicable income tax treaty, of the Investor or any
other United States Person.
For
purposes of the calculation in clause (i) above, (x) the Investor is assumed
to
pay tax at the highest rate currently specified in Section 11(b)(1) of the
Code
(but the tax rate in Section 55(b)(1)(B) of the Code may be used in lieu of
the highest rate specified in Section 11(b)(1) of the Code if the Investor
has
been subject to the alternative minimum tax under Section 55 of the Code in
the
preceding two years and will compute its taxable income in the current taxable
year using the alternative minimum tax rate) and (y) present values are computed
using a discount rate equal to the short-term Federal rate prescribed by Section
1274(d) of the Code for the month of the transfer and the compounding period
used by the Investor.
o The
transfer of the Certificates complies with U.S. Treasury Regulation Sections
1.860E-1(c)(5) and (6) and, accordingly:
(i) |
the
Investor is an “eligible corporation,” as defined in U.S. Treasury
Regulation Section 1.860E-1(c)(6)(i), as to which income from the
Certificates will only be taxed in the United
States;
|
(ii) |
at
the time of the transfer, and at the close of the Investor’s two fiscal
years preceding the fiscal year of the transfer, the Investor had
gross
assets for financial reporting purposes (excluding any obligation
of a
“related person” to the Investor within the meaning of U.S. Treasury
Regulation Section 1.860E-1(c)(6)(ii) and any other asset the principal
purpose of which is to permit the Investor to satisfy the condition
of
this clause (ii)) in excess of $100 million and net assets in excess
of
$10 million;
|
(iii) |
the
Investor will transfer the Certificates only to another “eligible
corporation,” as defined in U.S. Treasury Regulation Section
1.860E-1(c)(6)(i), in a transaction in which the requirements of
U.S. Treasury Regulation Sections 1.860E-1(c)(4)(i), (ii) and (iii)
and -1(c)(5) are satisfied and, accordingly, the subsequent transferee
provides a similar affidavit with this box checked;
and
|
(iv) |
the
Investor determined the consideration paid to it to acquire the
Certificates based on reasonable market assumptions (including, but
not
limited to, borrowing and investment rates, prepayment and loss
assumptions, expense and reinvestment assumptions, tax rates and
other
factors specific to the Investor) that it has determined in good
faith and
has concluded that such consideration, together with other assets
of the
Investor, will be sufficient to cover the taxes associated with the
Certificates.
|
o
None
of
the above.
IN
WITNESS WHEREOF, the Investor has caused this instrument to be executed on
its
behalf, pursuant to the authority of its Board of Directors, by its managing
director as of the ___ day of ___________, 2____.
[__________________________]
By:_________________________
Name:
Title:
[Address]
Address
of Investor for
receipt
of tax
information:
[_________]
Personally
appeared before me the above-named ____________, known or proved to me to be
the
same person who executed the foregoing instrument and to be the Managing
Director of the Owner, and acknowledged to me that he executed the same as
his
free act and deed and the free act and deed of the Investor.
Subscribed
and sworn before me this ___ day of ___________, 2____.
________________________
NOTARY
PUBLIC
COUNTY
OF
NEW YORK
STATE
OF
NEW YORK
My
commission expires the
day of
,
______.
[SEAL]
EXHIBIT
E-2
EXHIBIT
P
FORM
OF
TRANSFEROR CERTIFICATE
STATE
OF NEW YORK
|
)
|
|
)
|
ss.:
|
|
COUNTY
OF NEW YORK
|
)
|
The
undersigned is the [Title of Officer] of [Name of Transferor] (the “Owner”), the
proposed transferor of an ownership interest in the Bear Xxxxxxx Arm Trust
Mortgage Pass-Through Certificates, Series 2007-1, Class [R-I][R-II][R-III]
Certificates (the “Certificates”) issued
pursuant to the Pooling and Servicing Agreement, dated as of February 1, 2007
(the “Agreement”), among Structured Asset Mortgage Investments II Inc., as
depositor (the “Depositor”), EMC Mortgage Corporation, as seller and as master
servicer, and Xxxxx Fargo Bank, N.A., as trustee (the “Trustee”),
and
makes this affidavit on behalf of the Investor for the benefit of the
Depositor
and the
Trustee. Capitalized terms used, but not defined herein, shall have the meanings
ascribed to such terms in the
Agreement.
1.
The
Owner
is not transferring the Certificates to impede the assessment or collection
of
any tax.
2.
The
Owner
has no actual knowledge that the proposed transferee of the Certificates: (i)
has insufficient assets to pay any taxes that would be owed by such transferee
as Holder of the Certificates; (ii) may become insolvent or subject to a
bankruptcy proceeding for so long as the Certificates remains outstanding;
and
(iii) is not a Permitted Transferee or a “United States person” within the
meaning of Section 7701(a)(30) of the Code .
3.
The
Owner
understands that the proposed transferee has delivered to the Trustee and the
Depositor a transfer affidavit and agreement in the form attached to the
Agreement as Exhibit E. The Owner does not know or believe that any
representation contained therein is false.
4.
At
the
time of transfer, the Owner has conducted a reasonable investigation of the
financial condition of the proposed transferee as contemplated by Treasury
Regulation Section 1.860E-1(c)(4)(i) and, as a result of that investigation,
the
Owner has determined that the proposed transferee has historically paid its
debts as they became due and has found no significant evidence to indicate
that
the proposed transferee will not continue to pay its debts as they become due
in
the future. The Owner understands that the transfer of the Certificate may
not
be respected for U.S. federal income tax purposes (and the Owner may continue
to
be liable for U.S. federal income taxes associated therewith) unless the Owner
has conducted such an investigation.
IN
WITNESS WHEREOF, the Owner has caused this instrument to be executed on its
behalf, pursuant to authority of its Board of Directors, by its [Title of
Officer] this ____ day of _________, 20__.
[NAME
OF OWNER]
|
||||||||||||
By:
|
||||||||||||
Name:
|
[Name
of Officer]
|
|||||||||||
Title:
|
[Title
of Officer]
|
Personally
appeared before me the above-named [Name of Officer], known or proved to me
to
be the same person who executed the foregoing instrument and to be the [Title
of
Officer] of the Owner, and acknowledged to me that he/she executed the same
as
his/her free act and deed and the free act and deed of the Owner.
Subscribed
and sworn before me this ___ day of _________, 20___.
NOTARY
PUBLIC
COUNTY
OF
STATE
OF
My
commission expires the ___ day of ___________________, 20___.
EXHIBIT
F-1
FORM
OF
INVESTMENT LETTER
[Date]
[SELLER]
Xxxxx
Fargo Bank, N.A.
Xxxxx
Xxxxxx xxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Structured
Asset Mortgage Investments II Inc.
000
Xxxxxxx Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Re:
|
Structured
Asset Mortgage Investments II Inc., Bear Xxxxxxx ARM Trust,
Series
2007-3 Mortgage Pass-Through
Certificates (the “Certificates”),
including
the Class
B-5, Class B-6 and Class B-7 Certificates
(the “Privately
Offered
Certificates”)________________________________________________
|
Dear
Ladies and Gentlemen:
In
connection with our purchase of Privately Offered Certificates, we confirm
that:
(i)
|
we
understand that the Privately Offered Certificates are not being
registered under the Securities Act of 1933, as amended (the “Act”) or any
applicable state securities or “Blue Sky” laws, and are being sold to us
in a transaction that is exempt from the registration requirements
of such
laws;
|
(ii)
|
any
information we desired concerning the Certificates, including the
Privately Offered Certificates, the trust in which the Certificates
represent the entire beneficial ownership interest (the “Trust”) or any
other matter we deemed relevant to our decision to purchase Privately
Offered Certificates has been made available to
us;
|
(iii)
|
we
are able to bear the economic risk of investment in Privately Offered
Certificates; we are an institutional “accredited investor” as defined in
Section 501(a) of Regulation D promulgated under the Act and a
sophisticated institutional
investor;
|
(iv)
|
we
are acquiring Privately Offered Certificates for our own account,
not as
nominee for any other person, and not with a present view to any
distribution or other disposition of the Privately Offered
Certificates;
|
(v)
|
we
agree the Privately Offered Certificates must be held indefinitely
by us
(and may not be sold, pledged, hypothecated or in any way disposed
of)
unless subsequently registered under the Act and any applicable state
securities or “Blue Sky” laws or an exemption from the registration
requirements of the Act and any applicable state securities or “Blue Sky”
laws is available;
|
(vi)
|
we
agree that in the event that at some future time we wish to dispose
of or
exchange any of the Privately Offered Certificates (such disposition
or
exchange not being currently foreseen or contemplated), we will not
transfer or exchange any of the Privately Offered Certificates
unless:
|
(A)
(1)
the sale is to an Eligible Purchaser (as defined below), (2) if required by
the
Pooling and Servicing Agreement (as defined below) a letter to substantially
the
same effect as either this letter or, if the Eligible Purchaser is a Qualified
Institutional Buyer as defined under Rule 144A of the Act, the Rule 144A and
Related Matters Certificate in the form attached to the Pooling and Servicing
Agreement (as defined below) (or such other documentation as may be acceptable
to the Trustee) is executed promptly by the purchaser and delivered to the
addressees hereof and (3) all offers or solicitations in connection with the
sale, whether directly or through any agent acting on our behalf, are limited
only to Eligible Purchasers and are not made by means of any form of general
solicitation or general advertising whatsoever; and
(B) if
the
Privately Offered Certificate is not registered under the Act (as to which
we
acknowledge you have no obligation), the Privately Offered Certificate is sold
in a transaction that does not require registration under the Act and any
applicable state securities or “blue sky” laws and, if Xxxxx Fargo Bank, N.A.
(the “Trustee”) so requests, a satisfactory Opinion of Counsel is furnished to
such effect, which Opinion of Counsel shall be an expense of the transferor
or
the transferee;
(vii)
|
we
agree to be bound by all of the terms (including those relating to
restrictions on transfer) of the Pooling and Servicing, pursuant
to which
the Trust was formed; we have reviewed carefully and understand the
terms
of the Pooling and Servicing
Agreement;
|
(viii)
|
we
either: (i) are not acquiring the Privately Offered Certificate directly
or indirectly by, or on behalf of, an employee benefit plan or other
retirement arrangement which is subject to Title I of the Employee
Retirement Income Security Act of 1974, as amended, or Section 4975
of the
Internal Revenue Code of 1986, as amended, or (ii) are providing
a
representation to the effect that the proposed transfer and holding
of a
Privately Offered Certificate and the servicing, management and operation
of the Trust and its assets: (I) will not result in any prohibited
transaction which is not covered under an individual or class prohibited
transaction exemption, including, but not limited to, Prohibited
Transaction Class Exemption (“PTCE”) 84-14, XXXX 00-00, XXXX 00-0, XXXX
95-60, or PTCE 96-23 and (II) will not give rise to any additional
obligations on the part of the Depositor, the Master Servicer or
the
Trustee or (iii) have attached hereto the opinion specified in Section
5.07 of the Agreement.
|
(ix)
|
We
understand that each of the Privately Offered Certificates bears,
and will
continue to bear, a legend to substantiate the following effect:
“THIS
CERTIFICATE HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE SECURITIES
ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR UNDER ANY STATE
SECURITIES LAWS. THE HOLDER HEREOF, BY PURCHASING THIS CERTIFICATE,
AGREES
THAT THIS CERTIFICATE MAY BE REOFFERED, RESOLD, PLEDGED OR OTHERWISE
TRANSFERRED ONLY IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER
APPLICABLE LAWS AND ONLY (1) PURSUANT TO RULE 144A UNDER THE SECURITIES
ACT (“RULE 144A”) TO A PERSON THAT THE HOLDER REASONABLY BELIEVES IS A
QUALIFIED INSTITUTIONAL BUYER WITHIN THE MEANING OF RULE 144A (A
“QIB”),
PURCHASING FOR ITS OWN ACCOUNT OR A QIB PURCHASING FOR THE ACCOUNT
OF A
QIB, WHOM THE HOLDER HAS INFORMED, IN EACH CASE, THAT THE REOFFER,
RESALE,
PLEDGE OR OTHER TRANSFER IS BEING MADE IN RELIANCE ON RULE 144A,
(2)
PURSUANT TO AN EXEMPTION FROM REGISTRATION PROVIDED BY RULE 144 UNDER
THE
SECURITIES ACT (IF AVAILABLE) OR (3) IN CERTIFICATED FORM TO AN
“INSTITUTIONAL ACCREDITED INVESTOR” WITHIN THE MEANING THEREOF IN RULE
501(a)(1), (2), (3) or (7) OF REGULATION D UNDER THE ACT OR ANY ENTITY
IN
WHICH ALL OF THE EQUITY OWNERS COME WITHIN SUCH PARAGRAPHS PURCHASING
NOT
FOR DISTRIBUTION IN VIOLATION OF THE SECURITIES ACT, SUBJECT TO (A)
THE
RECEIPT BY THE TRUSTEE OF A LETTER SUBSTANTIALLY IN THE FORM PROVIDED
IN
THE AGREEMENT AND (B) THE RECEIPT BY THE TRUSTEE OF SUCH OTHER EVIDENCE
ACCEPTABLE TO THE TRUSTEE THAT SUCH REOFFER, RESALE, PLEDGE OR TRANSFER
IS
IN COMPLIANCE WITH THE SECURITIES ACT AND OTHER APPLICABLE LAWS OR
IN EACH
CASE IN ACCORDANCE WITH ALL APPLICABLE SECURITIES LAWS OF THE UNITED
STATES AND ANY OTHER APPLICABLE JURISDICTION. THIS CERTIFICATE MAY
NOT BE
ACQUIRED DIRECTLY OR INDIRECTLY BY, OR ON BEHALF OF, AN EMPLOYEE
BENEFIT
PLAN OR OTHER RETIREMENT ARRANGEMENT WHICH IS SUBJECT TO TITLE I
OF THE
EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974, AS AMENDED, OR SECTION
4975 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED, UNLESS THE
PROPOSED
TRANSFER AND HOLDING OF A CERTIFICATE AND THE SERVICING, MANAGEMENT
AND
OPERATION OF THE TRUST AND ITS ASSETS: (1) WILL NOT RESULT IN ANY
PROHIBITED TRANSACTION WHICH IS NOT COVERED UNDER AN INDIVIDUAL OR
CLASS
PROHIBITED TRANSACTION EXEMPTION, INCLUDING, BUT NOT LIMITED TO,
PROHIBITED TRANSACTION CLASS EXEMPTION (“PTCE”) 84-14, XXXX 00-00, XXXX
00-0, XXXX 95-60 OR PTCE 96-23 AND (II) WILL NOT GIVE RISE TO ANY
ADDITIONAL OBLIGATIONS ON THE PART OF THE DEPOSITOR, THE MASTER SERVICER
OR THE TRUSTEE, WHICH WILL BE DEEMED REPRESENTED BY AN OWNER OF A
BOOK-ENTRY CERTIFICATE OR A GLOBAL CERTIFICATE OR UNLESS THE OPINION
PROVIDED IN SECTION 5.07 OF THE AGREEMENT IS
PROVIDED.”
|
“Eligible
Purchaser”
means
a
corporation, partnership or other entity which we have reasonable grounds to
believe and do believe (i) can make representations with respect to itself
to
substantially the same effect as the representations set forth herein, and
(ii)
is either a Qualified Institutional Buyer as defined under Rule 144A of the
Act
or an institutional “Accredited Investor” as defined under Rule 501 of the
Act.
Terms
not
otherwise defined herein shall have the meanings assigned to them in the Pooling
and Servicing Agreement, dated as of April 1, 2007, among Structured Asset
Mortgage Investments II Inc., EMC Mortgage Corporation as seller and master
servicer and Xxxxx Fargo Bank, N.A. as Trustee (the “Pooling and Servicing
Agreement”).
If
the
Purchaser proposes that its Certificates be registered in the name of a nominee
on its behalf, the Purchaser has identified such nominee below, and has caused
such nominee to complete the Nominee Acknowledgment at the end of this
letter.
Name
of
Nominee (if any): _________________________________
IN
WITNESS WHEREOF, this document has been executed by the undersigned who is
duly
authorized to do so on behalf of the undersigned Eligible Purchaser on the
___
day of ________, 20___.
Very
truly yours,
|
|||||||||||||
[PURCHASER]
|
|||||||||||||
By:
|
|||||||||||||
(Authorized
Officer)
|
|||||||||||||
[By:
|
|||||||||||||
Attorney-in-fact]
|
Nominee
Acknowledgment
The
undersigned hereby acknowledges and agrees that as to the Certificates being
registered in its name, the sole beneficial owner thereof is and shall be the
Purchaser identified above, for whom the undersigned is acting as
nominee.
[NAME
OF NOMINEE]
|
|||||||||||||
By:
|
|||||||||||||
(Authorized
Officer)
|
|||||||||||||
[By:
|
|||||||||||||
Attorney-in-fact]
|
EXHIBIT
F-2
FORM
OF
RULE 144A AND RELATED MATTERS CERTIFICATE
[SELLER][Date]
Xxxxx
Fargo Bank, N.A.
Xxxxx
Xxxxxx xxx Xxxxxxxxx Xxxxxx
Xxxxxxxxxxx,
Xxxxxxxxx 00000
Structured
Asset Mortgage Investments II Inc.
000
Xxxxxxx Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
Re:
|
Structured
Asset Mortgage Investments II Inc., Bear Xxxxxxx ARM Trust,
Series
2007-3 Mortgage Pass-Through Certificates, Class B-5, Class B-6
and
Class
B-7 Certificates (the “Privately Offered
Certificates”)__________________
|
Dear
Ladies and Gentlemen:
In
connection with our purchase of Privately Offered Certificates, the undersigned
certifies to each of the parties to whom this letter is addressed that it is
a
qualified institutional buyer (as defined in Rule 144A under the Securities
Act
of 1933, as amended (the “Act”)) as follows:
1.
|
It
owned and/or invested on a discretionary basis eligible securities
(excluding affiliate’s securities, bank deposit notes and CD’s, loan
participations, repurchase agreements, securities owned but subject
to a
repurchase agreement and swaps), as described
below:
|
Date:
______________, 20__ (must be on or after the close of its most recent fiscal
year)
Amount:
$
_____________________; and
2.
|
The
dollar amount set forth above is:
|
a.
|
greater
than $100 million and the undersigned is one of the following
entities:
|
(x)
|
[
]
|
an
insurance company as defined in Section 2(13) of the Act1 ;
or
|
|
(y)
|
[
]
|
an
investment company registered under the Investment Company Act or
any
business development company as defined in Section 2(a)(48) of the
Investment Company Act of 1940; or
|
|
(z)
|
[
]
|
a
Small Business Investment Company licensed by the U.S. Small Business
Administration under Section 301(c) or (d) of the Small Business
Investment Act of 1958; or
|
|
(aa)
|
[
]
|
a
plan (i) established and maintained by a state, its political
subdivisions, or any agency or instrumentality of a state or its
political
subdivisions, the laws of which permit the purchase of securities
of this
type, for the benefit of its employees and (ii) the governing investment
guidelines of which permit the purchase of securities of this type;
or
|
|
(bb)
|
[
]
|
a
business development company as defined in Section 202(a)(22) of
the
Investment Advisers Act of 1940; or
|
|
(cc)
|
[
]
|
a
corporation (other than a U.S. bank, savings and loan association
or
equivalent foreign institution), partnership, Massachusetts or similar
business trust, or an organization described in Section 501(c)(3)
of the
Internal Revenue Code; or
|
|
(dd)
|
[
]
|
a
U.S. bank, savings and loan association or equivalent foreign institution,
which has an audited net worth of at least $25 million as demonstrated
in
its latest annual financial statements; or
|
|
(ee)
|
[
]
|
an
investment adviser registered under the Investment Advisers Act;
or
|
b.
|
[
]
|
greater
than $10 million, and the undersigned is a broker-dealer registered
with
the SEC; or
|
c.
|
[
]
|
less
than $10 million, and the undersigned is a broker-dealer registered
with
the SEC and will only purchase Rule 144A securities in transactions
in
which it acts as a riskless principal (as defined in Rule 144A);
or
|
d.
|
[
]
|
less
than $100 million, and the undersigned is an investment company registered
under the Investment Company Act of 1940, which, together with one
or more
registered investment companies having the same or an affiliated
investment adviser, owns at least $100 million of eligible securities;
or
|
e.
|
[
]
|
less
than $100 million, and the undersigned is an entity, all the equity
owners
of which are qualified institutional
buyers.
|
The
undersigned further certifies that it is purchasing a Privately Offered
Certificate for its own account or for the account of others that independently
qualify as “Qualified Institutional Buyers” as defined in Rule 144A. It is aware
that the sale of the Privately Offered Certificates is being made in reliance
on
its continued compliance with Rule 144A. It is aware that the transferor may
rely on the exemption from the provisions of Section 5 of the Act provided
by
Rule 144A. The undersigned understands that the Privately Offered Certificates
may be resold, pledged or transferred only to (i) a person reasonably believed
to be a Qualified Institutional Buyer that purchases for its own account or
for
the account of a Qualified Institutional Buyer to whom notice is given that
the
resale, pledge or transfer is being made in reliance in Rule 144A, or (ii)
an
institutional “accredited investor,” as such term is defined under Rule 501 of
the Act in a transaction that otherwise does not constitute a public
offering.
The
undersigned agrees that if at some future time it wishes to dispose of or
exchange any of the Privately Offered Certificates, it will not transfer or
exchange any of the Privately Offered Certificates to a Qualified Institutional
Buyer without first obtaining a Rule 144A and Related Matters Certificate in
the
form hereof from the transferee and delivering such certificate to the
addressees hereof. Prior to making any transfer of Privately Offered
Certificates, if the proposed Transferee is an institutional “accredited
investor,” the transferor shall obtain from the transferee and deliver to the
addressees hereof an Investment Letter in the form attached to the Pooling
and
Servicing Agreement, dated as of April 1, 2007, among Structured Asset Mortgage
Investments II Inc. as depositor (the “Depositor”), EMC Mortgage Corporation, as
master servicer (the “Master Servicer”) and seller, and Xxxxx Fargo Bank, N.A.,
as trustee (the “Trustee”), pursuant to Certificates were issued.
The
undersigned certifies that it either: (i) is not acquiring the Privately Offered
Certificate directly or indirectly by, or on behalf of, an employee benefit
plan
or other retirement arrangement which is subject to Title I of the Employee
Retirement Income Security Act of 1974, as amended, or Section 4975 of the
Internal Revenue Code of 1986, as amended, or (ii) is providing a representation
or an opinion of counsel to the effect that the proposed transfer and holding
of
a Privately Offered Certificate and the servicing, management and operation
of
the Trust and its assets: (I) will not result in any prohibited transaction
which is not covered under a prohibited transaction exemption, including, but
not limited to, Prohibited Transaction Class Exemption (“PTCE”) 84-14, XXXX
00-00, XXXX 00-0, XXXX 95-60, PTCE 96-23 and (II) will not give rise to any
additional obligations on the part of the Depositor, the Master Servicer or
the
Trustee or (iii) has attached hereto the opinion specified in Section 5.07
of
the Agreement.
If
the
Purchaser proposes that its Certificates be registered in the name of a nominee
on its behalf, the Purchaser has identified such nominee below, and has caused
such nominee to complete the Nominee Acknowledgment at the end of this
letter.
Name
of
Nominee (if any):
IN
WITNESS WHEREOF, this document has been executed by the undersigned who is
duly
authorized to do so on behalf of the undersigned Eligible Purchaser on the
____
day of ___________, 20___.
Very
truly yours,
|
|||||||||||||
[PURCHASER]
|
|||||||||||||
By:
|
|||||||||||||
(Authorized
Officer)
|
|||||||||||||
[By:
|
|||||||||||||
Attorney-in-fact]
|
NOMINEE
ACKNOWLEDGMENT
The
undersigned hereby acknowledges and agrees that as to the Certificates being
registered in its name, the sole beneficial owner thereof is and shall be the
Purchaser identified above, for whom the undersigned is acting as
nominee.
[NAME
OF NOMINEE]
|
|||||||||||||
By:
|
|||||||||||||
(Authorized
Officer)
|
|||||||||||||
[By:
|
|||||||||||||
Attorney-in-fact]
|
1 A
purchase by an insurance company for one or more of its separate accounts,
as
defined by Section 2(a)(37) of the Investment Company Act of 1940, which
are
neither registered nor required to be registered thereunder, shall be deemed
to
be a purchase for the account of such insurance company.
EXHIBIT
G
FORM
OF
TREASURY BANK CUSTODIAL AGREEMENT
THIS
CUSTODIAL AGREEMENT (as amended and supplemented from time to time, the
"Agreement”), dated as of April 30, 2007, by and among XXXXX FARGO BANK, N.A.,
not individually but solely as trustee under the Pooling and Servicing Agreement
defined below (including its successors under the Pooling and Servicing
Agreement defined below, the “Trustee”), STRUCTURED ASSET MORTGAGE INVESTMENTS
II INC., as depositor (together with any successor in interest, the
“Depositor”), EMC MORTGAGE CORPORATION, as seller (in such capacity, “EMC” or
“Seller”) and master servicer (together with any successor in interest or
successor under the Pooling and Servicing Agreement referred to below, the
“Master Servicer”), and TREASURY BANK, A DIVISION OF COUNTRYWIDE BANK, FSB, as
custodian (together with any successor in interest or any successor appointed
hereunder, the "Custodian").
WITNESSETH
THAT:
WHEREAS,
the Depositor, EMC, the Master Servicer and the Trustee have entered into a
Pooling and Servicing Agreement, dated as of April 1, 2007, relating to the
issuance of Bear Xxxxxxx ARM Trust 2007-3, Mortgage Pass-Through Certificates,
Series 2007-3 (as in effect on the date of this agreement, the "Original Pooling
and Servicing Agreement," and as amended and supplemented from time to time,
the
"Pooling and Servicing Agreement”); and
WHEREAS,
the Custodian has agreed to act as agent for the Trustee for the purposes of
receiving and holding certain documents and other instruments relating to the
mortgage loans (herein referred to as the “Mortgage Loans”) listed on Schedule I
hereto (the “Mortgage Loan Schedule”) delivered by (i) the Depositor or the
Master Servicer under the Pooling and Servicing Agreement and (ii) the Servicer
under the Servicing Agreement, all upon the terms and conditions and subject
to
the limitations hereinafter set forth;
NOW,
THEREFORE, in consideration of the premises and the mutual covenants and
agreements hereinafter set forth, the Trustee, the Depositor, the Master
Servicer and the Custodian hereby agree as follows:
ARTICLE
I.
DEFINITIONS
Capitalized
terms used in this Agreement and not defined herein shall have the meanings
assigned in the Original Pooling and Servicing Agreement, unless otherwise
required by the context herein.
ARTICLE
II.
CUSTODY
OF MORTGAGE DOCUMENTS
Section
2.1. Custodian
to Act as Agent: Acceptance of Mortgage Files.
The
Custodian, as the duly appointed agent of the Trustee for these purposes,
acknowledges (subject to any exceptions noted in the Initial Certification
referred to in Section 2.3(a)) receipt of the Mortgage Files relating to the
Mortgage Loans attached hereto (the "Mortgage Files") and declares that it
holds
and will hold such Mortgage Files as agent for the Trustee, in trust, for the
use and benefit of all present and future Certificateholders.
Section
2.2. Recordation
of Assignments.
If any
Mortgage File relating to the Mortgage Loans includes one or more assignments
of
Mortgage to the Trustee in a state which is specifically excluded from the
Opinion of Counsel delivered by the Seller to the Trustee and the Custodian
pursuant to the provisions of Section 2.01 of the Pooling and Servicing
Agreement, each such assignment shall be delivered, at the direction of the
Depositor (in written or electronic format), by the Custodian to the Depositor
for the purpose of recording it in the appropriate public office for real
property records, and the Depositor, at no expense to the Custodian, shall
promptly cause to be recorded in the appropriate public office for real property
records each such assignment of Mortgage and, upon receipt thereof from such
public office, shall return each such assignment of Mortgage to the
Custodian.
Section
2.3. Review
of Mortgage Files.
(a) On
or
prior to the Closing Date, in accordance with Section 2.02 of the Pooling and
Servicing Agreement, the Custodian shall deliver to the Depositor, EMC, the
Master Servicer and the Trustee an Initial Certification in the form annexed
hereto as Exhibit One evidencing receipt (subject to any exceptions noted
therein) of a Mortgage File for each of the Mortgage Loans.
(b) Within
90
days of the Closing Date (or, with respect to any Substitute Mortgage Loans,
within 5 Business Days after the receipt by the Trustee or the Custodian
thereof), the Custodian agrees, for the benefit of Certificateholders, to
review, in accordance with the provisions of Section 2.02 of the Pooling and
Servicing Agreement, each such document relating to the Mortgage Loans, and
shall execute and deliver to the Depositor, EMC, the Master Servicer and the
Trustee an Interim Certification in the form annexed hereto as Exhibit Two
to
the effect that all such documents have been executed and received and that
such
documents relate to the Mortgage Loans identified on the Mortgage Loan Schedule,
except for any exceptions listed on Schedule A attached to such Interim
Certification. The Custodian shall be under no duty or obligation to inspect,
review or examine said documents, instruments, certificates or other papers
to
determine that the same are genuine, enforceable, or appropriate for the
represented purpose or that they have actually been recorded or that they are
other than what they purport to be on their face.
(c) Not
later
than 180 days after the Closing Date (or, with respect to any Substitute
Mortgage Loans, within 5 Business Days after the receipt by the Trustee or
the
Custodian thereof), the Custodian shall review the Mortgage Files relating
to
the Mortgage Loans as provided in Section 2.02 of the Pooling and Servicing
Agreement and execute and deliver to the Depositor, EMC, the Master Servicer
and
the Trustee a Final Certification in the form annexed hereto as Exhibit Three
evidencing the completeness of such Mortgage Files.
(d) In
reviewing the Mortgage Files relating to the Mortgage Loans as provided herein
and in the Pooling and Servicing Agreement, the Custodian shall make no
representation as to and shall not be responsible to verify (i) the validity,
legality, enforceability, due authorization, recordability, sufficiency or
genuineness of any of the documents included in any Mortgage File or (ii) the
collectibility, insurability, effectiveness or suitability of any of the
documents in any Mortgage File.
Upon
receipt of written request from the Trustee, the Custodian shall as soon as
practicable supply the requesting party with a list of all of the documents
missing from the Mortgage Loans then contained in the Mortgage
Files.
Section
2.4. Notification
of Breaches of Representations and Warranties.
Upon
discovery by the Custodian of a breach of any representation or warranty made
by
the Depositor as set forth in the Pooling and Servicing Agreement with respect
to a Mortgage Loan relating to a Mortgage File, the Custodian shall give prompt
written notice to the Depositor, the Master Servicer, the applicable Servicer
and the Trustee.
Section
2.5. Custodian
to Cooperate: Release of Mortgage Files.
Upon
receipt of written notice from the Master Servicer or the Trustee that the
Seller has repurchased a Mortgage Loan pursuant to Article II of the Pooling
and
Servicing Agreement, and that the Repurchase Price therefor has been deposited
in the Distribution Account, and a Request for Release (as defined below),
the
Custodian agrees to promptly release to the Seller the related Mortgage
File.
Upon
the
Custodian's receipt of a request for release (a "Request for Release")
substantially in the form of Exhibit D-2 to the Pooling and Servicing Agreement
signed by an officer of the Servicer involved in, or responsible for, the
administration and servicing of the Mortgage Loans whose name appears on a
list
of servicing officers furnished by the Servicer upon request, as such list
may
from time to time be amended (each, a “Servicing Officer”) stating that it has
received payment in full of a Mortgage Loan or that payment in full will be
escrowed in a manner customary for such purposes, the Custodian agrees to
promptly release to the Servicer the related Mortgage File. The Depositor shall
deliver to the Custodian, and the Custodian agrees to accept, the Mortgage
Note
and other documents constituting the Mortgage File with respect to any
Substitute Mortgage Loan, which documents the Custodian will review to the
extent provided in Article II of the Pooling and Servicing
Agreement.
From
time
to time as is appropriate for the servicing or foreclosure of any Mortgage
Loan,
including, for this purpose, collection under any Primary Mortgage Insurance
Policy, the Servicer shall (or if the Servicer does not, then the Master
Servicer may) deliver to the Custodian a Request for Release signed by a
Servicing Officer requesting that possession of all of the related Mortgage
File
be released to the Servicer and certifying as to the reason for such release
and
that such release will not invalidate any insurance coverage provided in respect
of the related Mortgage Loan under any of the Insurance Policies. Upon receipt
of the foregoing, the Custodian shall deliver such Mortgage File to the
Servicer. All Mortgage Files so released to the Servicer shall be held by it
in
trust for the Trustee for the use and benefit of all present and future
Certificateholders. The Servicer shall cause each Mortgage File or any document
therein so released to be returned to the Custodian when the need therefor
by
the Servicer no longer exists, unless (i) such Mortgage Loan has been liquidated
and the Liquidation Proceeds relating to the related Mortgage Loan have been
deposited in the Distribution Account or (ii) such Mortgage File or such
document has been delivered to an attorney, or to a public trustee or other
public official as required by law, for purposes of initiating or pursuing
legal
action or other proceedings for the foreclosure of the related Mortgaged
Property either judicially or non-judicially, and the Servicer has delivered
to
the Custodian a certificate of a Servicing Officer certifying as to the name
and
address of the Person to which such Mortgage File or such document was delivered
and the purpose or purposes of such delivery.
At
any
time that a Servicer or the Master Servicer is required to deliver to the
Custodian a Request for Release, the Servicer or the Master Servicer shall
deliver two copies of the Request for Release if delivered in hard copy or
the
Servicer or the Master Servicer may furnish such Request for Release
electronically to the Custodian, in which event the Servicing Officer
transmitting the same shall be deemed to have signed such Request for Release.
In connection with any Request for Release of a Mortgage File because of a
repurchase of a Mortgage Loan, the assignment of mortgage and the related
Mortgage Note shall be returned to the Servicer or the Master Servicer, as
applicable, for execution and endorsement, respectively, pursuant to a power
of
attorney from the Trustee and for delivery to the Seller. If the Servicer or
the
Master Servicer does not have a power of attorney from the Trustee to execute
the applicable assignment and to endorse the related Mortgage Note, such Request
for Release shall be accompanied by an assignment of mortgage, without recourse,
executed by the Trustee to the Seller and the related Mortgage Note shall be
endorsed without recourse by the Trustee (if not in blank) and be returned
to
the Servicer or the Master Servicer, as applicable, for delivery to the Seller;
provided, however, that in the case of a Mortgage Loan that is registered on
the
MERS® System, no assignment of mortgage or endorsement of the Mortgage Note by
the Trustee, or by the Servicer or the Master Servicer pursuant to a power
of
attorney from the Trustee, shall be required. In connection with any Request
for
Release of a Mortgage File because of the payment in full of a Mortgage Loan
and
if the Servicer or the Master Servicer does not have a power of attorney from
the Trustee to execute the applicable certificate of satisfaction or similar
instrument, such Request for Release shall be accompanied by a certificate
of
satisfaction or other similar instrument to be executed by or on behalf of
the
Trustee and returned to the Servicer or the Master Servicer, as
applicable.
Section
2.6. Assumption
Agreements.
In the
event that any assumption agreement, substitution of liability agreement or
sale
of servicing agreement is entered into with respect to any Mortgage Loan subject
to this Agreement in accordance with the terms and provisions of the Pooling
and
Servicing Agreement, the Master Servicer, to the extent provided in the
Servicing Agreement, shall cause the Servicer to notify the Custodian that
such
assumption agreement, substitution of liability agreement or sale of servicing
agreement has been completed by forwarding to the Custodian the original of
such
assumption agreement, substitution of liability agreement or sale of servicing
agreement, which shall be added to the related Mortgage File and, for all
purposes, shall be considered a part of such Mortgage File to the same extent
as
all other documents and instruments constituting parts thereof.
ARTICLE
III.
CONCERNING
THE CUSTODIAN
Section
3.1. Custodian
as Bailee and Agent of the Trustee.
With
respect to each Mortgage Note and other documents constituting each Mortgage
File relating to the Mortgage Loans which are delivered to the Custodian, the
Custodian is exclusively the bailee and agent of the Trustee and has no
instructions to hold any Mortgage Note or Mortgage File for the benefit of
any
person other than the Trustee and the Certificateholders and undertakes to
perform such duties and only such duties as are specifically set forth in this
Agreement. Except upon compliance with the provisions of Section 2.5 of this
Agreement with respect to any Mortgage Loan, no Mortgage Note, Mortgage or
Mortgage File shall be delivered by the Custodian to the Depositor, the Seller,
any Servicer or the Master Servicer or otherwise released from the possession
of
the Custodian.
Section
3.2. [Reserved.]
Section
3.3. Custodian
May Own Certificates.
The
Custodian in its individual or any other capacity may become the owner or
pledgee of Certificates with the same rights it would have if it were not
Custodian.
Section
3.4. Custodian's
Fees and Expenses.
The
Depositor covenants and agrees to cause the Seller to pay the Custodian from
time to time, and the Custodian shall be entitled to, reasonable compensation
for all services rendered by it in the exercise and performance of any of the
powers and duties hereunder of the Custodian pursuant to a letter agreement
between the Custodian and the Seller. In addition, the Seller will pay or
reimburse the Custodian upon its request for all reasonable expenses,
disbursements and advances incurred or made by the Custodian in accordance
with
any of the provisions of this Agreement (including the reasonable compensation
and the expenses and disbursements of its counsel and of all persons not
regularly in its employ), except any such expense, disbursement or advance
as
may arise from its negligence or bad faith, or to the extent that such cost
or
expense is indemnified by the Depositor pursuant to the Pooling and Servicing
Agreement.
Section
3.5. Custodian
May Resign; Trustee May Remove Custodian.
The
Custodian may resign from the obligations and duties hereby imposed upon it
as
such obligations and duties relate to its acting as Custodian of the Mortgage
Loans. Upon receiving such notice of resignation, the Trustee shall either
take
custody of the Mortgage Files itself and give prompt notice thereof to the
Depositor, the Master Servicer, the Servicers and the Custodian, or promptly
appoint a successor Custodian by written instrument, in duplicate, one copy
of
which instrument shall be delivered to the resigning Custodian and one copy
to
the successor Custodian. If the Trustee shall not have taken custody of the
Mortgage Files and no successor Custodian shall have been so appointed and
have
accepted appointment within 30 days after the giving of such notice of
resignation, the resigning Custodian may petition any court of competent
jurisdiction for the appointment of a successor Custodian.
The
Trustee may remove the Custodian at any time with the consent of the Master
Servicer. In such event, the Trustee shall appoint, or petition a court of
competent jurisdiction to appoint, a successor Custodian hereunder. Any
successor Custodian shall be a depository institution subject to supervision
or
examination by federal or state authority, shall be able to satisfy the other
requirements contained in Section 3.7 and shall be unaffiliated with any
Servicer or the Depositor.
Any
resignation or removal of the Custodian and appointment of a successor Custodian
pursuant to any of the provisions of this Section 3.5 shall become effective
upon acceptance of appointment by the successor Custodian. The Trustee shall
give prompt notice to the Depositor and the Master Servicer of the appointment
of any successor Custodian. No successor Custodian shall be appointed by the
Trustee without the prior approval of the Depositor and the Master
Servicer.
Section
3.6. Merger
or Consolidation of Custodian.
Any
Person into which the Custodian may be merged or converted or with which it
may
be consolidated, or any Person resulting from any merger, conversion or
consolidation to which the Custodian shall be a party, or any Person succeeding
to the business of the Custodian, shall be the successor of the Custodian
hereunder (provided such Person shall satisfy the requirements set forth in
Section 3.7), without the execution or filing of any paper or any further act
on
the part of any of the parties hereto, anything herein to the contrary
notwithstanding.
Section
3.7. Representations
of the Custodian.
The
Custodian hereby represents, and any successor Custodian hereunder shall
represent, that it is a depository institution subject to supervision or
examination by a federal or state authority, has a combined capital and surplus
of at least $15,000,000 and is qualified to do business in the jurisdictions
in
which it will hold any Mortgage File.
Section
3.8. Duties
and Obligations of the Custodian.
(a) The
Custodian shall be under no duty or obligation to inspect, review or examine
the
Mortgage Files to determine that the contents thereof are appropriate for the
represented purpose or that they have been actually recorded or that they are
other than what they purport to be on their face.
(b) The
Custodian shall not be responsible or liable for, and makes no representation
or
warranty with respect to, the validity, adequacy or perfection or any lien
upon
or security interest in the Mortgage Files.
(c) Any
other
provision of this Agreement to the contrary notwithstanding, the Custodian
shall
have no notice, and shall not be bound by any of the terms and conditions of
any
other document or agreement executed or delivered in connection with, or
intended to control any part of, the transactions anticipated by or referred
to
in this Agreement unless the Custodian is a signatory party to that document
or
agreement.
(d) The
Custodian may rely on and shall be protected in acting in good faith upon any
certificate, instrument, opinion, notice, magnetic tape, letter, telegram or
other document, or any security, delivered to it and in good faith believed
by
it to be genuine and to have been signed by the proper party or parties; but
in
the case of any loan document or other request, instruction, document or
certificate which by any provision hereof is specifically required to be
furnished to the Custodian, the Custodian shall be under a duty to examine
the
same to determine whether or not it conforms prima facie to the requirements
of
this Custodial Agreement.
(e) The
Custodian shall not be liable for any error of judgment, or for any act done
or
step taken or omitted by it, in good faith, or for any mistake of fact or law,
or for anything that it may do or refrain from doing in connection therewith,
except in the case of its negligent performance or omission.
(f) The
Custodian shall have no obligation to verify the receipt of any such documents
the existence of which was not made known to the Custodian by the Mortgage
Files.
(g)
The
Custodian shall not be responsible for delays or failures in performance
resulting from acts beyond its control. Such acts shall include, but not be
limited to, acts of God, strikes, lockouts, riots, acts of war or terrorism,
epidemics, nationalization, expropriation, currency restrictions, governmental
regulations superimposed after the fact, fire, communication line failures,
power failures, earthquakes or other disasters.
ARTICLE
IV.
COMPLIANCE
WITH REGULATION AB
Section 4.1. Intent
of the parties; Reasonableness.
The
parties hereto acknowledge and agree that the purpose of this Article IV is
to
facilitate compliance by the Depositor, the Master Servicer and the Trustee
with
the provisions of Regulation AB and related rules and regulations of the
Commission. The Depositor, the Master Servicer and the Trustee shall not
exercise its right to request delivery of information or other performance
under
these provisions other than in good faith, or for purposes other than compliance
with the Securities Act, the Exchange Act and the rules and regulations of
the
Commission under the Securities Act and the Exchange Act. Each of the parties
hereto acknowledges that interpretations of the requirements of Regulation
AB
may change over time, whether due to interpretive guidance provided by the
Commission or its staff, consensus among participants in the mortgage-backed
securities markets, advice of counsel, or otherwise, and the Custodian agrees
to
comply with requests made by the Depositor, the Master Servicer and the Trustee
in good faith for delivery of information under these provisions on the basis
of
evolving interpretations of Regulation AB to the extent reasonably practicable,
unless otherwise advised in writing by counsel. The Custodian shall cooperate
reasonably with the Depositor, the Master Servicer and the Trustee to deliver
to
the Depositor and the Master Servicer (including any of their respective
assignees or designees), any and all disclosure, statements, reports,
certifications, records and any other information necessary in the reasonable,
good faith determination of the Depositor, the Master Servicer and the Trustee
to permit the Depositor, the Master Servicer and the Trustee to comply with
the
provisions of Regulation AB.
Section
4.2. Additional
Representations and Warranties of the Custodian.
(a) The
Custodian hereby represents and warrants that the information with respect
to
the Custodian set forth in the Prospectus Supplement under the caption
"Description of the Certificates—The Custodians—Treasury Bank" (the "Custodian
Disclosure") does not contain any untrue statement of a material fact or omit
to
state a material fact required to be stated therein or necessary in order to
make the statements therein, in the light of the circumstances under which
they
were made, not misleading.
(b) The
Custodian shall be deemed to represent to the Depositor as of the date hereof
and on each date on which information is provided to the Depositor under Section
4.3 that, except as disclosed in writing to the Depositor prior to such date:
(i) there are no aspects of its financial condition that could have a material
adverse effect on the performance by it of its Custodian obligations under
this
Agreement; (ii) there are no material legal or governmental proceedings pending
(or known to be contemplated) against it that would affect or interfere with
the
performance of its obligations hereunder; and (iii) there are no affiliations,
relationships or transactions relating to the Custodian with respect to the
Depositor or any sponsor, issuing entity, servicer (other than Countrywide
Home
Loan Servicing LP), trustee, originator, significant obligor, enhancement or
support provider or other material transaction party (as such terms are used
in
Regulation AB) relating to the securitization transaction contemplated by the
Pooling and Servicing Agreement, as identified by the Depositor to the Custodian
in writing as of the Closing Date (each, a "Transaction Party") that would
affect or interfere with the performance of its obligations hereunder and have
not been previously disclosed to the Depositor and the Trustee.
(c) If
so
requested by the Depositor on any date following the Closing Date, the Custodian
shall, within five Business Days following such request, confirm in writing
the
accuracy of the representations and warranties set forth in paragraph (1) of
this section or, if any such representation and warranty is not accurate as
of
the date of such confirmation, provide reasonably adequate disclosure of the
pertinent facts, in writing, to the requesting party. Any such request from
the
Depositor shall not be given more than once each calendar quarter, unless the
Depositor shall have a reasonable basis for a determination that any of the
representations and warranties may not be accurate.
Section
4.3. Additional
Information to Be Provided by the Custodian.
For so
long as the Certificates are outstanding, for the purpose of satisfying the
Depositor’s reporting obligation under the Exchange Act with respect to any
class of Certificates, the Custodian shall (a) notify the Depositor, the Trustee
and the Master Servicer in writing of any material litigation or governmental
proceedings pending against the Custodian (including any such proceedings known
to be contemplated by the governmental authorities) that would be material
to
Certificateholders, and (b) provide to the Depositor, Trustee and the Master
Servicer a written description of such proceedings. Any notices and descriptions
required under this Section 4.3 shall be given no later than five Business
Days
prior to the Determination Date following the month in which the Custodian
has
knowledge of the occurrence of the relevant event. As of the date the Depositor,
the Trustee or Master Servicer files each Report on Form 10-D or Form 10-K
with
respect to the Certificates, the Custodian will be deemed to represent that
any
information previously provided under this Section 4.3, if any, is materially
correct and does not have any material omissions unless the Custodian has
provided an update to such information.
Section
4.4. Report
on Assessment of Compliance and Attestation.
On or
before March 15 of each calendar year in which a Form 10-K is required to be
filed with respect to the Trust, the Custodian shall:
(a) deliver
to the Depositor, the Master Servicer and the Trustee a report (in form and
substance reasonably satisfactory to the Depositor) regarding the Custodian’s
assessment of compliance with the Applicable Servicing Criteria as set forth
in
Exhibit Four during the immediately preceding calendar year, as required under
Rules 13a-18 and 15d-18 of the Exchange Act and Item 1122 of Regulation AB.
Such
report shall be addressed to the Depositor and the Trustee and signed by an
authorized officer of the Custodian, and shall address each of the Servicing
Criteria specified on a certification substantially in the form of Exhibit
Four
hereto; and
(b) deliver
to the Depositor, the Master Servicer and the Trustee, a report of a registered
public accounting firm reasonably acceptable to the Master Servicer, the
Depositor and the Trustee that attests to, and reports on, the assessment of
compliance made by the Custodian and delivered pursuant to the preceding
paragraph. Such attestation shall be in accordance with Rules 1-02(a)(3) and
2-02(g) of Regulation S-X under the Securities Act and the Exchange
Act.
Section
4.5. Indemnification;
Remedies.
(a) The
Custodian shall indemnify the Depositor, each affiliate of the Depositor, the
Master Servicer, the Trustee and each broker dealer acting as underwriter,
placement agent or initial purchaser of the Certificates or each Person who
controls any of such parties (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 (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
the
Custodian Disclosure and any information, report, certification, accountants’
attestation or other material provided under this Article IV by or on behalf
of
the Custodian (collectively, the “Custodian Information”), or (B) the omission
or alleged omission to state in the Custodian Information a material fact
required to be stated in the Custodian Information or necessary in order to
make
the statements therein, in the light of the circumstances under which they
were
made, not misleading; or
(ii) any
failure by the Custodian to deliver any information, report, certification,
accountants’ attestation or other material when and as required under this
Article IV; or
(iii) the
negligence, bad faith or willful misconduct of the Custodian in the performance
of its obligations under this Article IV.
(b) In
the
case of any failure of performance described in clause (ii) of Section 4.5(a),
the Custodian shall promptly reimburse the Depositor, the Trustee and the Master
Servicer for all costs reasonably incurred by the Depositor and the Master
Servicer, respectively, in order to obtain the information, report,
certification, accountants’ letter or other material not delivered as required
by the Custodian.
(c) In
no
event shall the Custodian or its directors, officers and employees be liable
for
any special, indirect or consequential damages from any action taken or omitted
to be taken by it or them hereunder or in connection herewith even if advised
of
the possibility of such damages.
If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless any Indemnified Party, then the Custodian 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 Custodian on the other. This
indemnification shall survive the termination of this Agreement or the
termination of the Custodian.
ARTICLE
V.
MISCELLANEOUS
PROVISIONS
Section
5.1. Notices.
All
notices, requests, consents and demands and other communications required under
this Agreement or pursuant to any other instrument or document delivered
hereunder shall be in writing and, unless otherwise specifically provided,
may
be delivered personally, by telegram or telex, or by registered or certified
mail, postage prepaid, return receipt requested, at the addresses specified
on
the signature page hereof (unless changed by the particular party whose address
is stated herein by similar notice in writing), in which case the notice will
be
deemed delivered when received.
Section
5.2. Amendments.
No
modification or amendment of or supplement to this Agreement shall be valid
or
effective unless the same is in writing and signed by all parties hereto, and
neither the Depositor, the Master Servicer nor the Trustee shall enter into
any
amendment hereof except as permitted by the Pooling and Servicing Agreement.
The
Trustee shall give prompt notice to the Custodian of any amendment or supplement
to the Pooling and Servicing Agreement and furnish the Custodian with written
copies thereof.
Section
5.3. GOVERNING
LAW.
THIS
AGREEMENT SHALL BE DEEMED A CONTRACT MADE UNDER THE LAWS OF THE STATE OF NEW
YORK AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH AND GOVERNED BY
THE
LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS RULES
(OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, WHICH SHALL
APPLY HERETO).
Section
5.4. Recordation
of Agreement.
To the
extent permitted by applicable law, this Agreement is subject to recordation
in
all appropriate public offices for real property records in all the counties
or
other comparable jurisdictions in which any or all of the properties subject
to
the Mortgages are situated, and in any other appropriate public recording office
or elsewhere, such recordation to be effected by the Depositor and at the
Trust's expense on direction by the Trustee, but only upon direction accompanied
by an Opinion of Counsel reasonably satisfactory to the Depositor to the effect
that the failure to effect such recordation is likely to materially and
adversely affect the interests of the Certificateholders.
For
the
purpose of facilitating the recordation of this Agreement as herein provided
and
for other purposes, this Agreement may be executed simultaneously in any number
of counterparts, each of which counterparts shall be deemed to be an original,
and such counterparts shall constitute but one and the same
instrument.
Section
5.5. Severability
of Provisions.
If any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be for any reason whatsoever held invalid, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in no
way
affect the validity or enforceability of the other provisions of this Agreement
or of the Certificates or the rights of the holders thereof.
[Signature
page follows]
IN
WITNESS WHEREOF, this Agreement is executed as of the date first above
written.
Address:
0000
Xxx Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
|
XXXXX
FARGO BANK,
N.A.,
as Trustee
By:___________________________________
Name:
Title:
|
Address:
000
Xxxxxxx Xxxxxx
Xxx
Xxxx, Xxx Xxxx 00000
|
STRUCTURED
ASSET MORTGAGE INVESTMENTS II INC.
By:___________________________________
Name:
Title:
|
Address:
0000
Xxxx Xxxxx Xxxxx
Xxxxxxxxxx,
Xxxxx 00000
(214)
626-4889
Attention:
Xxxxxxxx Xxxxx
|
EMC
MORTGAGE CORPORATION, as Master Servicer and Seller
By:___________________________________
Name:
Title:
|
Address:
0000
X. Xxx Xxxxxxx Xxxxxx
Xxxx
Xxxxxx, Xxxxxxxxxx 00000
Attention:
Xxxxxxxx Que
Telephone:
(000) 000-0000
Facsimile:
(000) 000-0000
|
TREASURY
BANK, A DIVISION OF COUNTRYWIDE BANK, FSB, as Custodian
By:___________________________________
Name:
Title:
|
STATE OF MARYLAND | ) |
) ss: | |
COUNTY OF XXXXXX | ) |
On
the
30th
day of
April, 2007 before me, a notary public in and for said State, personally
appeared _____________________, known to me to be a(n) ____________________
of
Xxxxx Fargo Bank, N.A., a national banking association that executed the within
instrument, and also known to me to be the person who executed it on behalf
of
said national banking association, and acknowledged to me that such national
banking association executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
____________________________
Notary
Public
[SEAL]
STATE OF NEW YORK | ) |
) ss: | |
COUNTY OF NEW YORK | ) |
On
the
30th
day of
April, 2007 before me, a notary public in and for said State, personally
appeared _____________________, known to me to be a(n) ____________________
of
Structured Asset Mortgage Investments II Inc., one of the corporations that
executed the within instrument, and also known to me to be the person who
executed it on behalf of said corporation, and acknowledged to me that such
corporation executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
____________________________
Notary
Public
[Notarial
Seal]
STATE OF TEXAS | ) |
) ss: | |
COUNTY OF DALLAS | ) |
On
the
30th
day of
April,
2007
before me, a notary public in and for said State, personally appeared
__________________known to me to be an authorized representative of EMC Mortgage
Corporation, one of the corporations that executed the within instrument, and
also known to me to be the person who executed it on behalf of said national
banking association, and acknowledged to me that such national banking
association executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
____________________________
Notary
Public
[SEAL]
STATE OF CALIFORNIA | ) |
) ss: | |
COUNTY OF ___________ | ) |
On
the
30th
day of
April, 2007 before me, a notary public in and for said State, personally
appeared ______________, known to me to be a __________________ of Treasury
Bank, a division of Countrywide Bank, FSB, one of the corporations that executed
the within instrument, and also known to me to be the person who executed it
on
behalf of said corporation, and acknowledged to me that such corporation
executed the within instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand and affixed my official seal the
day and year in this certificate first above written.
____________________________
Notary
Public
[Notarial
Seal]
SCHEDULE
1
Mortgage
Loans
[Provided
upon Request]
EXHIBIT
ONE
FORM
OF
CUSTODIAN INITIAL CERTIFICATION
April
30,
2007
Xxxxx
Fargo Bank, N.A.
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Structured
Asset Mortgage Investments II Inc.
000
Xxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
With
a
copy to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
Attention:
Bear Xxxxxxx XXX Xxxxx 0000-0, Xxxxxxxx Pass-Through Certificates, Series
2007-3
Re:
Custodial
Agreement, dated as of April 30, 2007, by and among
Xxxxx
Fargo Bank, N.A., Structured Asset Mortgage Investments II
Inc.,
EMC
Mortgage Corporation and Treasury Bank, a division of
Countrywide
Bank, FSB relating to Bear Xxxxxxx ARM Trust 2007-
3,
Mortgage Pass-Through Certificates, Series 2007-3
Ladies
and Gentlemen:
In
accordance with Section 2.3 of the above-captioned Custodial Agreement, and
subject to Section 2.02 of the Pooling and Servicing Agreement, the undersigned,
as Custodian, hereby certifies that it has received a Mortgage File (which
contains an original Mortgage Note or lost note affidavit) to the extent
required in Section 2.01 of the Pooling and Servicing Agreement (other than
with
respect to clause (b)(v) thereof, for which no review has been made) with
respect to each Mortgage Loan listed in the Mortgage Loan Schedule, with any
exceptions listed on Schedule A attached hereto.
Capitalized
words and phrases used herein shall have the respective meanings assigned to
them in the above-captioned Custodial Agreement.
TREASURY
BANK, A DIVISION OF
COUNTRYWIDE
BANK, FSB
By:______________________________________
Name:
Title:
SCHEDULE
A TO EXHIBIT ONE
Exceptions
EXHIBIT
TWO
FORM
OF
CUSTODIAN INTERIM CERTIFICATION
_________
___, 200__
Xxxxx
Fargo Bank, N.A.
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Structured
Asset Mortgage Investments II Inc.
000
Xxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
With
a
copy to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
Attention:
Bear Xxxxxxx XXX Xxxxx 0000-0, Xxxxxxxx Pass-Through Certificates, Series
2007-3
Re:
Custodial
Agreement, dated as of April 30, 2007, by and among
Xxxxx
Fargo Bank, N.A., Structured Asset Mortgage Investments II
Inc.,
EMC
Mortgage Corporation and Treasury Bank, a division of
Countrywide
Bank, FSB relating to Bear Xxxxxxx ARM Trust 2007-
3,
Mortgage Pass-Through Certificates, Series 2007-3
Ladies
and Gentlemen:
In
accordance with Section 2.3 of the above-captioned Custodial Agreement, the
undersigned, as Custodian, hereby certifies that it has received a Mortgage
File
to the extent required pursuant to Section 2.01 of the Pooling and Servicing
Agreement (other than with respect to clause (b)(v) thereof, for which no review
has been made) with respect to each Mortgage Loan listed in the Mortgage Loan
Schedule, and it has reviewed the Mortgage File and the Mortgage Loan Schedule
and has determined that: all required documents have been executed and received
and that such documents related to the Mortgage Loans identified on the Mortgage
Loan Schedule, with any exceptions listed on Schedule A attached
hereto.
Capitalized
words and phrases used herein shall have the respective meanings assigned to
them in the above-captioned Custodial Agreement.
TREASURY
BANK, A DIVISION OF
COUNTRYWIDE
BANK, FSB
By: ___________________________
Name:
Title:
SCHEDULE
A TO EXHIBIT TWO
Exceptions
EXHIBIT
THREE
FORM
OF
CUSTODIAN FINAL CERTIFICATION
__________
____, 200__
Xxxxx
Fargo Bank, N.A.
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Structured
Asset Mortgage Investments II Inc.
000
Xxxx
Xxxxxx
Xxx
Xxxx,
Xxx Xxxx 00000
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
With
a
copy to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000
Attention:
Xxxxxxxx Xxxxx
Email:
xxxxxx@xxxx.xxx
Facsimile:
(000) 000-0000
Attention:
Bear Xxxxxxx XXX Xxxxx 0000-0, Xxxxxxxx Pass-Through Certificates, Series
2007-3
Re:
Custodial
Agreement, dated as of April 30, 2007, by and among
Xxxxx
Fargo Bank, N.A., Structured Asset Mortgage Investments II
Inc.,
EMC
Mortgage Corporation and Treasury Bank, a division of
Countrywide
Bank, FSB relating to Bear Xxxxxxx ARM Trust 2007-
3,
Mortgage Pass-Through Certificates, Series 2007-3
Ladies
and Gentlemen:
In
accordance with Section 2.3 of the above-captioned Custodial Agreement, the
undersigned, as Custodian, hereby certifies that it has received a Mortgage
File
to the extent required pursuant to Section 2.01 of the Pooling and Servicing
Agreement (other than with respect to clause (b)(v) thereof, for which no review
has been made) with respect to each Mortgage Loan listed in the Mortgage Loan
Schedule, and it has reviewed the Mortgage File and the Mortgage Loan Schedule
and has determined that an original of each document related thereto required
to
be recorded has been returned from the related recording office with evidence
of
recording thereon, or a certified copy has been obtained from the related
recording office, with any exceptions listed in Schedule A attached
hereto.
Capitalized
words and phrases used herein shall have the respective meanings assigned to
them in the above-captioned Custodial Agreement.
TREASURY
BANK, A DIVISION OF
COUNTRYWIDE
BANK, FSB
By: __________________________
Name:
Title:
SCHEDULE
A TO EXHIBIT THREE
Exceptions
EXHIBIT
FOUR
SERVICING
CRITERIA TO BE ADDRESSED IN ASSESSMENT OF COMPLIANCE
The
assessment of compliance to be delivered by the Custodian shall address, at
a
minimum, the criteria identified as below as “Applicable Servicing
Criteria”;
Servicing
Criteria
|
Applicable
Servicing
Criteria
|
|
Reference
|
Criteria
|
|
General
Servicing Considerations
|
||
1122(d)(1)(i)
|
Policies
and procedures are instituted to monitor any performance or other
triggers
and events of default in accordance with the transaction
agreements
|
|
1122(d)(1)(ii)
|
If
any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party’s
performance and compliance with such servicing activities
|
|
1122(d)(1)(iii)
|
Any
requirements in the transaction agreements to maintain a back-up
servicer
for the pool assets are maintained.
|
|
1122(d)(1)(iv)
|
A
fidelity bond and errors and omissions policy is in effect on the
party
participating in the servicing function throughout the reporting
period in
the amount of coverage required by and otherwise in accordance with
the
terms of the transaction agreements.
|
|
Cash
Collection and Administration
|
||
1122(d)(2)(i)
|
Payments
on pool assets are deposited into the appropriate custodial bank
accounts
and related bank clearing accounts no more than two business days
following receipt
and identification, or such other number of days specified in the
transaction agreements.
|
|
1122(d)(2)(ii)
|
Disbursements
made via wire transfer on behalf of an obligor or to an investor
are made
only by authorized personnel.
|
|
1122(d)(2)(iii)
|
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 approved as specified in the transaction
agreements.
|
|
1122(d)(2)(iv)
|
The
related accounts for the transaction, such as cash reserve accounts
or
accounts established as a form of overcollateralization, are separately
maintained (e.g., with respect to commingling of cash) as set forth
in the
transaction agreements.
|
|
1122(d)(2)(v)
|
Each
custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes
of
this criterion, “federally insured depository institutions” with respect
to a foreign financial institution means a foreign financial institution
that meets the requirements of Rule 13k-1(b)(1) of the Securities
Exchange
Act.
|
|
1122(d)(2)(vi)
|
Unissued
checks are safeguarded so as to prevent unauthorized
access.
|
|
1122(d)(2)(vii)
|
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 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
reconciliations; and (D) contain explanations for 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.
|
|
Investor
Remittances and Reporting
|
||
1122(d)(3)(i)
|
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 pool assets serviced by the
servicer.
|
|
1122(d)(3)(ii)
|
Amounts
due to investors are allocated and remitted in accordance with timeframes,
distribution priority and other terms set forth in the transaction
agreements.
|
|
1122(d)(3)(iii)
|
Disbursements
made to an investor are posted within two business days to the servicer’s
investor records, or such other number of days specified in the
transaction agreements.
|
|
1122(d)(3)(iv)
|
Amounts
remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank
statements.
|
|
Pool
Asset Administration
|
||
1122(d)(4)(i)
|
Collateral
or security on pool assets is maintained as required by the transaction
agreements or related asset pool documents.
|
√
|
1122(d)(4)(ii)
|
Pool
assets and related documents are safeguarded as required by the
transaction agreements.
|
√
|
1122(d)(4)(iii)
|
Any
additions, removals or substitutions to the asset pool are made,
reviewed
and approved in accordance with any conditions or requirements in
the
transaction agreements
|
|
1122(d)(4)(iv)
|
Payments
on pool assets, including any payoffs, made in accordance with the
related
pool asset documents are posted to the servicer’s obligor records
maintained no more than two business days after receipt, or such
other
number of days specified in the transaction agreements, and allocated
to
principal, interest or other items (e.g., escrow) in accordance with
the
related pool asset documents.
|
|
1122(d)(4)(v)
|
The
servicer’s records regarding the pool assets agree with the servicer’s
records with respect to an obligor’s unpaid principal
balance.
|
1122(d)(4)(vi)
|
Changes
with respect to the terms or status of an obligor’s pool asset (e.g., loan
modifications or re-agings) are made, reviewed and approved by authorized
personnel in accordance with the transaction agreements and related
pool
asset documents.
|
|
1122(d)(4)(vii)
|
Loss
mitigation of recovery actions (e.g., forbearance plans, modifications
and
deed in lieu of foreclosure, foreclosures and repossessions, as
applicable) are initiated, conducted and concluded in accordance
with the
timeframes or other requirements established by the transaction
documents.
|
|
1122(d)(4)(viii)
|
Records
documenting collection efforts are maintained during the period a
pool
asset is delinquent in accordance with the transaction agreements.,
Such
records are maintained in at least a monthly basis, or such other
period
specified in the transaction agreements, and describe the entity’s
activities in monitoring delinquent pool assets including, for example,
phone calls, letters and payment rescheduling plans in cases where
delinquency is deemed temporary (e.g., illness or
unemployment).
|
|
1122(d)(4)(ix)
|
Adjustments
to interest rates or rates of return for pool assets with variable
rates
are computed based on the related pool asset documents.
|
|
1122(d)(4)(x)
|
Regarding
any funds held in trust for an obligor (such as escrow accounts);
(A) such
funds are analyzed, in accordance with the obligor’s pool asset documents,
on at least an annual basis, or such other period specified in the
transaction agreements; (B) interest on such funds is paid, or credited,
to obligors in accordance with applicable pool asset documents and
state
laws; and (C) such funds are returned to the obligor within 3- calendar
days of full repayment of the related pool asset, or such other number
of
days specified in the transaction agreements.
|
|
1122(d)(4)(xi)
|
Payments
made on behalf of an obligor (such as tax ore insurance payments)
are made
on or before the related penalty or expiration dates, as indicated
on the
appropriate bills or notices for such payments, provided that such
support
has been received by the service at least 30 calendar days prior
to these
dates, or such other number of days specified in the transaction
agreements.
|
|
1122(d)(4)(xii)
|
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, unless the late payment was due to the obligor’s error or
omission.
|
|
1122(d)(4)(xiii)
|
Disbursements
made on behalf of an obligor are posted within two business days
to the
obligor’s records maintained by the servicer, or such other number of days
specified in the transaction agreements.
|
|
1122(d)(4)(xiv)
|
Delinquencies,
charge-offs and uncollectible funds are recognized and recorded in
accordance with the transaction agreements.
|
|
1122(d)(4)(xv)
|
Any
external enhancement or other support, identified in item 1114(a)(1)
through (3) or item 1115 of Regulation AB, is maintained as set forth
in
the transaction agreements.
|
EXHIBIT
H
COUNTRYWIDE
SERVICING AGREEMENT
EMC
Mortgage
Corporation,
Purchaser |
and
Countrywide
Home Loans, Inc.,
Company |
SELLER’S
WARRANTIES AND SERVICING AGREEMENT
Dated
as
of September 1, 2002
Residential
Adjustable Rate Mortgage Loans
TABLE
OF
CONTENTS
ARTICLE
I
DEFINITIONS
ARTICLE
II
CONVEYANCE
OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES;
|
|
BOOKS
AND RECORDS; DELIVERY OF DOCUMENTS
|
|
Section
2.01
|
Conveyance
of Mortgage Loans; Possession of Mortgage Files; Maintenance
of Servicing
Files.
|
Section
2.02
|
Books
and Records; Transfers of Mortgage Loans.
|
Section
2.03
|
Delivery
of Documents.
|
ARTICLE
III
|
|
REPRESENTATIONS
AND WARRANTIES;
|
|
REMEDIES
AND BREACH
|
|
Section
3.01
|
Company
Representations and Warranties.
|
Section
3.02
|
Representations
and Warranties Regarding Individual Mortgage Loans.
|
Section
3.03
|
Remedies
for Breach of Representations and Warranties.
|
Section
3.04
|
Indemnification.
|
Section
3.05
|
Repurchase
Upon Conversion.
|
Section
3.06
|
Restrictions
and Requirements Applicable in the Event that
a Mortgage Loan is Acquired by a REMIC
|
Section
3.07
|
Review
of Mortgage Loans
|
ARTICLE
IV
|
|
ADMINISTRATION
AND SERVICING OF MORTGAGE LOANS
|
|
Section
4.01
|
Company
to Act as Servicer.
|
Section
4.02
|
Liquidation
of Mortgage Loans.
|
Section
4.03
|
Collection
of Mortgage Loan Payments.
|
Section
4.04
|
Establishment
of and Deposits to Custodial Account.
|
Section
4.05
|
Permitted
Withdrawals From Custodial Account.
|
Section
4.06
|
Establishment
of and Deposits to Escrow Account.
|
Section
4.07
|
Permitted
Withdrawals From Escrow Account.
|
Section
4.08
|
Payment
of Taxes, Insurance and Other Charges.
|
Section
4.09
|
Protection
of Accounts.
|
Section
4.10
|
Maintenance
of Hazard Insurance.
|
Section
4.11
|
Maintenance
of Mortgage Impairment Insurance.
|
Section
4.12
|
Maintenance
of Fidelity Bond and Errors and Omissions Insurance.
|
Section
4.13
|
Inspections.
|
Section
4.14
|
Restoration
of Mortgaged Property.
|
Section
4.15
|
Maintenance
of PMI and LPMI Policy; Claims.
|
Section
4.16
|
Title,
Management and Disposition of REO Property.
|
Section
4.17
|
Real
Estate Owned Reports.
|
Section
4.18
|
Liquidation
Reports.
|
Section
4.19
|
Reports
of Foreclosures and Abandonments of Mortgaged Property.
|
Section
4.20
|
Notification
of Adjustments.
|
ARTICLE
V
|
|
PAYMENTS
TO PURCHASER
|
|
Section
5.01
|
Remittances.
|
Section
5.02
|
Statements
to Purchaser.
|
Section
5.03
|
Monthly
Advances by Company.
|
ARTICLE
VI
|
|
GENERAL
SERVICING PROCEDURES
|
|
Section
6.01
|
Transfers
of Mortgaged Property.
|
Section
6.02
|
Satisfaction
of Mortgages and Release of Mortgage Files.
|
Section
6.03
|
Servicing
Compensation.
|
Section
6.04
|
Annual
Statement as to Compliance.
|
Section
6.05
|
Annual
Independent Public Accountants’ Servicing Report.
|
Section
6.06
|
Right
to Examine Company Records.
|
ARTICLE
VII
|
|
AGENCY
TRANSFER; PASS-THROUGH TRANSFER
|
|
Section
7.01
|
Removal
of Mortgage Loans from Inclusion Under this Agreement Upon an
Agency
Transfer, or a Pass-Through Transfer on One or More Reconstitution
Dates.
|
Section
7.02
|
Purchaser’s
Repurchase and Indemnification Obligations.
|
ARTICLE
VIII
|
|
COMPANY
TO COOPERATE
|
|
Section
8.01
|
Provision
of Information.
|
Section
8.02
|
Financial
Statements; Servicing Facility.
|
ARTICLE
IX
|
|
THE
COMPANY
|
|
Section
9.01
|
Indemnification;
Third Party Claims.
|
Section
9.02
|
Merger
or Consolidation of the Company.
|
Section
9.03
|
Limitation
on Liability of Company and Others.
|
Section
9.04
|
Limitation
on Resignation and Assignment by Company.
|
ARTICLE
X
|
|
DEFAULT
|
|
Section
10.01
|
Events
of Default.
|
Section
10.02
|
Waiver
of Defaults.
|
ARTICLE
XI
|
|
TERMINATION
|
|
Section
11.01
|
Termination.
|
Section
11.02
|
Termination
Without Cause.
|
ARTICLE
XII
|
|
MISCELLANEOUS
PROVISIONS
|
|
Section
12.01
|
Successor
to Company.
|
Section
12.02
|
Amendment.
|
Section
12.03
|
Governing
Law.
|
Section
12.04
|
Duration
of Agreement.
|
Section
12.05
|
Notices.
|
Section
12.06
|
Severability
of Provisions.
|
Section
12.07
|
Relationship
of Parties.
|
Section
12.08
|
Execution;
Successors and Assigns.
|
Section
12.09
|
Recordation
of Assignments of Mortgage.
|
Section
12.10
|
Assignment
by Purchaser.
|
Section
12.11
|
No
Personal Solicitation.
|
EXHIBITS
EXHIBIT
A
|
MORTGAGE
LOAN SCHEDULE
|
EXHIBIT
B
|
CONTENTS
OF EACH MORTGAGE FILE
|
EXHIBIT
C
|
MORTGAGE
LOAN DOCUMENTS
|
EXHIBIT
D-1
|
FORM
OF CUSTODIAL ACCOUNT CERTIFICATION
|
EXHIBIT
D-2
|
FORM
OF CUSTODIAL ACCOUNT LETTER AGREEMENT
|
EXHIBIT
E-1
|
FORM
OF ESCROW ACCOUNT CERTIFICATION
|
EXHIBIT
E-2
|
FORM
OF ESCROW ACCOUNT LETTER AGREEMENT
|
EXHIBIT
F
|
FORM
OF MONTHLY REMITTANCE ADVICE
|
EXHIBIT
G
|
FORM
OF ASSIGNMENT AND ASSUMPTION
|
EXHIBIT
H
|
UNDERWRITING
GUIDELINES
|
This
is a
Seller’s Warranties and Servicing Agreement for residential adjustable rate
first lien mortgage loans, dated and effective as of September 1, 2002, and
is
executed between EMC Mortgage Corporation, as purchaser (the “Purchaser”),
and
Countrywide Home Loans, Inc., as seller and servicer (the “Company”).
W I T N E S S E T H:
WHEREAS,
from time to time the Purchaser has agreed to purchase from the Company and
from
time to time the Company has agreed to sell to the Purchaser certain Mortgage
Loans (excluding the right to service the Mortgage Loans which the Company
expressly retains);
WHEREAS,
each of the Mortgage Loans is secured by a mortgage, deed of trust or other
security instrument creating a first lien on a residential dwelling located
in
the jurisdiction indicated on the related Mortgage Loan Schedule, which is
annexed hereto as Exhibit
A;
WHEREAS,
the Company has agreed to service, from time to time, certain of the Mortgage
Loans acquired by the Purchaser in accordance with the terms and provisions
of
this Agreement; and
WHEREAS,
the Purchaser and the Company wish to prescribe the manner of purchase of
the
Mortgage Loans and the management, servicing and control of the Mortgage
Loans
which from time to time are subject to this Agreement.
NOW,
THEREFORE, in consideration of the mutual agreements hereinafter set forth,
and
for other good and valuable consideration, the receipt and adequacy of which
is
hereby acknowledged, the Purchaser and the Company agree as
follows:
ARTICLE
I
DEFINITIONS
Whenever
used herein, the following words and phrases, unless the context otherwise
requires, shall have the following meanings:
Accepted
Servicing Practices:
With
respect to any Mortgage Loan, those mortgage servicing practices of prudent
mortgage lending institutions which service mortgage loans of the same type
as
such Mortgage Loan in the jurisdiction where the related Mortgaged Property
is
located.
Agency
Transfer:
The
sale or transfer by Purchaser of some or all of the Mortgage Loans to Xxxxxx
Xxx
under its Cash Purchase Program or its MBS Swap Program (Special Servicing
Option) or to Xxxxxxx Mac under its Xxxxxxx Xxx Xxxx Program or Gold PC Program,
retaining the Company as “servicer thereunder”.
Agreement:
This
Seller’s Warranties and Servicing Agreement and all amendments hereof and
supplements hereto.
ALTA:
The
American Land Title Association or any successor thereto.
Appraised
Value:
The
value set forth in an appraisal made in connection with the origination of
the
related Mortgage Loan as the value of the Mortgaged Property.
Approved
Flood Certification Provider:
Any
provider acceptable to Xxxxxx Xxx and Xxxxxxx Mac.
Assignment
and Conveyance:
An
Assignment and Conveyance in the form of Exhibit
6
to the
Mortgage Loan Purchase Agreement dated as of the date hereof, by and between
the
Seller and the Purchaser.
Assignment
of Mortgage:
An
assignment of the Mortgage, notice of transfer or equivalent instrument in
recordable form, sufficient under the laws of the jurisdiction wherein the
related Mortgaged Property is located to reflect the sale of the Mortgage
to the
Purchaser.
BIF:
The
Bank Insurance Fund, or any successor thereto.
Business
Day:
Any day
other than (i) a Saturday or Sunday, or (ii) a day on which banking and savings
and loan institutions in the State of New York or California are authorized
or
obligated by law or executive order to be closed.
Closing
Date:
The
date set forth on the related Confirmation on which the Purchaser from time
to
time shall purchase and the Company from time to time shall sell, the Mortgage
Loans listed on the related Mortgage Loan Schedule.
Code:
The
Internal Revenue Code of 1986, as it may be amended from time to time or
any
successor statute thereto, and applicable U.S. Department of the Treasury
regulations issued pursuant thereto.
Company:
Countrywide Home Loans, Inc., or its successor in interest or assigns, or
any
successor to the Company under this Agreement appointed as herein
provided.
Condemnation
Proceeds:
All
awards or settlements in respect of a Mortgaged Property, whether permanent
or
temporary, partial or entire, by exercise of the power of eminent domain
or
condemnation, to the extent not required to be released to a Mortgagor in
accordance with the terms of the related Mortgage Loan Documents.
Confirmation:
The
trade confirmation letter between the parties hereto which relates to the
Mortgage Loans on the related Closing Date.
Convertible
Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the Mortgagor is permitted to convert the Mortgage Loan
to a
fixed-rate mortgage loan at any time between the first anniversary and the
fifth
anniversary of the origination of the mortgage loan.
Custodial
Account:
The
separate account or accounts created and maintained pursuant to Section
4.04.
Custodial
Agreement:
That
certain Custodial Agreement, dated as of November 23,1999 by and between
the
Purchaser and Xxxxx Fargo Bank Minnesota, N.A.
Custodian:
The
Custodian under the Custodial Agreement, or its successor in interest or
assigns
or any successor to the Custodian under the Custodial Agreement as provided
therein.
Cut-off
Date:
The
date set forth on the related Confirmation.
Deleted
Mortgage Loan:
A
Mortgage Loan which is repurchased by the Company in accordance with the
terms
of this Agreement and which is, in the case of a substitution pursuant to
Section 3.03, replaced or to be replaced with a Qualified Substitute Mortgage
Loan.
Determination
Date:
The
15th
day (or
if such 15th
day is
not a Business Day, the Business Day immediately preceding such 15th
day) of
the month of the related Remittance Date.
Disqualified
Organization:
An
organization defined as such in Section 860E(e) of the Code.
Due
Date:
The day
of the month on which the Monthly Payment is due on a Mortgage Loan, exclusive
of any days of grace. With respect to the Mortgage Loans for which payment
from
the Mortgagor is due on a day other than the first day of the month, such
Mortgage Loans will be treated as if the Monthly Payment is due on the first
day
of the month of such Due Date.
Due
Period:
With
respect to each Remittance Date, the prior calendar month.
Eligible
Investments:
Any one
or more of the obligations and securities listed below which investment provides
for a date of maturity not later than the Determination Date in each
month:
(i) direct
obligations of, and obligations fully guaranteed by, the United States of
America, or any agency or instrumentality of the United States of America
the
obligations of which are backed by the full faith and credit of the United
States of America; and
(ii) federal
funds, demand and time deposits in, certificates of deposits of, or bankers’
acceptances issued by, any depository institution or trust company incorporated
or organized under the laws of the United States of America or any state
thereof
and subject to supervision and examination by federal and/or state banking
authorities, so long as at the time of such investment or contractual commitment
providing for such investment the commercial paper or other short-term debt
obligations of such depository institution or trust company (or, in the case
of
a depository institution or trust company which is the principal subsidiary
of a
holding company, the commercial paper or other short-term debt obligations
of
such holding company) are rated “P-1” by Xxxxx’x Investors Service, Inc. and the
long-term debt obligations of such holding company) are rated “P-1” by Xxxxx’x
Investors Service, Inc. and the long-term debt obligations of such depository
institution or trust company (or, in the case of a depository institution
or
trust company which is the principal subsidiary of a holding company, the
long-term debt obligations of such holding company) are rated at least “Aa” by
Xxxxx’x Investors Service, Inc.;
(iii) investments
and securities otherwise acceptable to Xxxxxx Mae and Xxxxxxx Mac.
provided,
however,
that no
such instrument shall be an Eligible Investment if such instrument evidences
either (i) a right to receive only interest payments with respect to the
obligations underlying such instrument, or (ii) both principal and interest
payments derived from obligations underlying such instrument and the principal
and interest payments with respect to such instrument provide a yield to
maturity of greater than 120% of the yield to maturity at par of such underlying
obligations.
Errors
and Omissions Insurance Policy:
An
errors and omissions insurance policy to be maintained by the Company pursuant
to Section 4.12.
Escrow
Account:
The
separate account or accounts created and maintained pursuant to Section
4.06.
Escrow
Payments:
With
respect to any Mortgage Loan, the amounts constituting ground rents, taxes,
assessments, water rates, sewer rents, municipal charges, mortgage insurance
premiums, fire and hazard insurance premiums, condominium charges, and any
other
payments required to be escrowed by the Mortgagor with the mortgagee pursuant
to
the Mortgage or any other related document.
Event
of Default:
Any one
of the conditions or circumstances enumerated in Section 10.01.
Xxxxxx
Mae:
The
Federal National Mortgage Association, or any successor thereto.
Xxxxxx
Xxx Guides:
The
Xxxxxx Xxx Xxxxxxx’ Guide and the Xxxxxx Xxx Servicers’ Guide and all amendments
or additions thereto.
FDIC:
The
Federal Deposit Insurance Corporation, or any successor thereto.
Fidelity
Bond:
A
fidelity bond to be maintained by the Company pursuant to Section
4.12.
First
Remittance Date:
As
stated in the related Mortgage Loan Purchase Agreement.
5/1
ARM Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the interest rate on such Mortgage Loan is fixed for the
first
five (5) years of the term of the related Mortgage Loan and which thereafter
is
converted to a Treasury Rate Mortgage Loan or a LIBOR Mortgage Loan except
that
the Periodic Rate Cap does not apply to the initial Interest Rate Adjustment
Date for the related Mortgage Loan.
Xxxxxxx
Mac:
The
Federal Home Loan Mortgage Corporation, or any successor thereto.
GEMICO:
General
Electric Mortgage Insurance Corporation or any successor thereto.
Gross
Margin:
With
respect to each Mortgage Loan, the fixed percentage amount set forth on the
related Mortgage Note, which amount is added to the Index in accordance with
the
terms of the related Mortgage Note to determine on each Interest Rate Adjustment
Date, the Mortgage Interest Rate for such Mortgage Loan.
Index:
With
respect to any individual Treasury Rate Mortgage Loan, and with respect to
any
individual 10/1 ARM Mortgage Loan, 5/1 ARM Mortgage Loan or 3/1 ARM Mortgage
Loan commencing from and after the 120th Monthly Payment, sixtieth Monthly
Payment, or the thirty-sixth Monthly Payment thereof, respectively, Index
shall
mean a rate per annum equal to the weekly average yield on U.S. Treasury
securities adjusted to a constant maturity of one year as published by the
Federal Reserve Board in statistical release No. H 15 (519) or any similar
publication as available 45 days prior to the Interest Rate Adjustment Date.
With respect to any individual LIBOR Mortgage Loan, Index shall mean a rate
per
annum equal to the average of interbank offered rates for twelve month U.S.
dollar denominated deposits in the London market as determined as set forth
in
the related Mortgage Note. With respect to any individual CD Mortgage Loan,
Index shall mean a rate per annum equal to the weekly average yield on
certificates of deposit adjusted to a constant maturity of six months as
published by the Federal Reserve Board in statistical release No. H 15 (519)
or
similar publication as available 45 days prior to the Interest Rate Adjustment
Date.
Initial
Rate Cap:
With
respect to each Mortgage Loan and the initial Interest Rate Adjustment Date
therefor, a number of percentage points per annum that is set forth in the
related Mortgage Loan Schedule and in the related Mortgage Note, which is
the
maximum amount by which the Mortgage Interest Rate for such Mortgage Loan
may
increase or decrease from the Mortgage Interest Rate in effect immediately
prior
to such Interest Rate Adjustment Date.
Insurance
Proceeds:
With
respect to each Mortgage Loan, proceeds of insurance policies insuring the
Mortgage Loan or the related Mortgaged Property.
Interest
Rate Adjustment Date:
The
date on which an adjustment to the Mortgage Interest Rate on a Mortgage Note
becomes effective.
LIBOR
Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the interest rate on such Mortgage Loan is adjusted annually
based upon the rate per annum equal to the average of interbank offered rates
for twelve month U.S. dollar denominated deposits in the London market as
published in The Wall Street Journal.
Lifetime
Mortgage Interest Rate Cap:
With respect to each Mortgage Loan, the absolute maximum Mortgage Interest
Rate
payable, above which the Mortgage Interest Rate cannot be adjusted. The Mortgage
Interest Rate during the term of a Mortgage Loan shall not at any time exceed
the Mortgage Interest Rate at the time of origination of such Mortgage Loan
by
more than 5% per
Liquidation
Proceeds:
Cash
received in connection with the liquidation of a defaulted Mortgage Loan,
whether through the sale or assignment of such Mortgage Loan, trustee’s sale,
foreclosure sale or otherwise, or the sale of the related Mortgaged Property
if
the Mortgaged Property is acquired in satisfaction of the Mortgage
Loan.
Loan-to-Value
Ratio or LTV:
With
respect to any Mortgage Loan, the ratio of the Stated Principal Balance of
the
Mortgage Loan as of the related Cut-off Date (unless otherwise indicated)
to the
lesser of (a) the Appraised Value of the Mortgaged Property and (b) if the
Mortgage Loan was made to finance the acquisition of the related Mortgaged
Property, the purchase price of the Mortgaged Property, expressed as a
percentage.
LPMI
Loan: A
Mortgage Loan with a LPMI Policy.
LPMI
Policy: A
policy
of primary mortgage guaranty insurance issued by another Qualified Insurer
pursuant to which the related premium is to be paid by the Servicer of the
related Mortgage Loan from payments of interest made by the Mortgagor in
an
amount as is set forth in the related Confirmation and related Mortgage Loan
Schedule.
LPMI
Fee:
With
respect to each LPMI Loan, the portion of the Mortgage Interest Rate as set
forth on the related Mortgage Loan Schedule (which shall be payable solely
from
the interest portion of Monthly Payments, Insurance Proceeds, Condemnation
Proceeds or Liquidation Proceeds), which, during such period prior to the
required cancellation of the LPMI Policy, shall be used to pay the premium
due
on the related LPMI Policy.
MERS:
Mortgage Electronic Registration Systems, Inc., a corporation organized and
existing under the laws of the State of Delaware, or any successor
thereto.
MERS
Mortgage Loan:
Any
Mortgage Loan registered with MERS on the MERS System.
MERS
System:
The
system of recording transfers of mortgages electronically maintained by
MERS.
MIN:
The
Mortgage Identification Number for any MERS Mortgage Loan.
Monthly
Advance:
The
portion of Monthly Payment delinquent with respect to each Mortgage Loan
at the
close of business on the Determination Date required to be advanced by the
Company pursuant to Section 5.03 on the Business Day immediately preceding
the
Remittance Date of the related month.
Monthly
Payment:
The
scheduled monthly payment of principal and interest on a Mortgage
Loan.
Mortgage:
The
mortgage, deed of trust or other instrument securing a Mortgage Note, which
creates a first lien on an unsubordinated estate in fee simple in real property
securing the Mortgage Note.
Mortgage
File:
The
items pertaining to a particular Mortgage Loan referred to in Exhibit
B
annexed
hereto, and any additional documents required to be added to the Mortgage
File
pursuant to this Agreement.
Mortgage
Impairment Insurance Policy:
A
mortgage impairment or blanket hazard insurance policy as described in Section
4.11.
Mortgage
Interest Rate:
The
annual rate at which Interest accrues on any Mortgage Loan as adjusted from
time
to time in accordance with the provisions of the related Mortgage Note and
in
compliance with the related Initial Rate Cap, Lifetime Mortgage Interest
Rate
Cap and Periodic Rate Cap, if any, of the related Mortgage Note.
Mortgage
Loan:
An individual Convertible
or Non-Convertible, Treasury Rate, LIBOR, 5/1 ARM, or 3/1 ARM Mortgage Loan
which is the subject of this Agreement, each Mortgage Loan originally sold
and
subject to this Agreement being identified on the Mortgage Loan Schedule,
which
Mortgage Loan includes without limitation the Mortgage File, the Monthly
Payments, Principal Prepayments, Liquidation Proceeds, condemnation proceeds,
Insurance Proceeds, REO disposition proceeds, and all other rights, benefits,
proceeds and obligations arising from or in connection with such Mortgage
Loan.
Mortgage
Loan Documents:
The
documents listed in Exhibit
C
hereto.
Mortgage
Loan Package:
A pool
of Mortgage Loans sold to the Purchaser by the Company on a Closing Date.
Mortgage
Loan Remittance Rate:
With
respect to each Mortgage Loan, the annual rate of interest remitted to the
Purchaser, which shall be equal to the Mortgage Interest Rate minus (i) the
Servicing Fee Rate and (ii) with respect to LPMI Loans, the LPMI
Fee.
Mortgage
Loan Schedule:
With
respect to each Mortgage Loan Package, a schedule of Mortgage Loans annexed
hereto as Annex A, such schedule setting forth the following information
with
respect to each Mortgage Loan: (1) the Company’s Mortgage Loan identifying
number; (2) the Mortgagor’s name; (3) the street address of the Mortgaged
Property including the city, state and zip code; (4) a code indicating whether
the Mortgaged Property is owner-occupied a second home, or an investment
property; (5) the number and type of residential units constituting the
Mortgaged Property; (6) the original months to maturity; (7) the Loan-to-Value
Ratio at origination; (8) the Mortgage Interest Rate as of the Cut-off Date;
(9)
the date on which the initial Monthly Payment was due on the Mortgage Loan;
(10)
the stated maturity date; (11) the amount of the Monthly Payment as of the
Cut-off Date; (12) the last payment date on which a payment was actually
applied
to the outstanding principal balance; (13) the original principal amount
of the
Mortgage Loan; (14) the principal balance of the Mortgage Loan as of the
close
of business on the Cut-off Date, after deduction of payments of principal
due on
or before the Cut-off Date whether or not collected; (15) a code indicating
the
purpose of the loan (i.e., purchase, rate and term refinance, equity take-out
refinance); (16) a code indicating the documentation style (i.e. full,
alternative or reduced); (17) the Interest Rate Adjustment Date; (18) the
Gross
Margin; (19) the lifetime maximum Mortgage Interest Rate under the terms
of the
Mortgage Note; (20) the date the Mortgage Loan was originated; (21) the Periodic
Rate Cap; (22) a code indicating the company providing private mortgage
insurance; (23) a code indicating if the Mortgage Loan is convertible; (24)
the
Servicing Fee Rate; (25) the LPMI Fee, if any; and (26) the Initial Rate
Cap.
With respect to the Mortgage Loans in the aggregate, the Mortgage Loan Schedule
shall set forth the following information, as of the Cut-off Date: (1) the
number of Mortgage Loans; (2) the current aggregate outstanding principal
balance of the Mortgage Loans; (3) the weighted average Mortgage Interest
Rate
of the Mortgage Loans; and (4) the weighted average maturity of the Mortgage
Loans. The Mortgage Loan Schedule may consist of multiple reports that
collectively set forth all of the required information.
Mortgage
Note:
The
note or other evidence of the indebtedness of a Mortgagor secured by a
Mortgage.
Mortgaged
Property:
The
real property securing repayment of the debt evidenced by a Mortgage
Note.
Mortgagor:
The
obligor on a Mortgage Note.
Non-Convertible
Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which does
not
contain a provision whereby the Mortgagor may convert the Mortgage Loan to
a
fixed-rate mortgage loan.
Officer’s
Certificate:
A
certificate signed by the Chairman of the Board or the Vice Chairman of the
Board or the President or a Vice President or an assistant Vice President
and by
the Treasurer or the Secretary or one of the Assistant Treasurers or Assistant
Secretaries of the Company, and delivered to the Purchaser as required by
this
Agreement.
Opinion
of Counsel:
A
written opinion of counsel, who may be an employee of the Company, reasonably
acceptable to the Purchaser, provided that any Opinion of Counsel relating
to
compliance with the REMIC Provisions, must be an opinion of counsel who (i)
is
in fact independent of the Company and any master servicer of the Mortgage
Loans, (ii) does not have any material direct or indirect financial interest
in
the Company or any master servicer of the Mortgage Loans or in an affiliate
of
either and (iii) is not connected with the Company or any master servicer
of the
Mortgage Loans as an officer, employee, director or person performing similar
functions.
Pass-Through
Transfer:
The
sale or transfer of some or all of the Mortgage Loans to a trust to be formed
as
part of a publicly-issued and/or privately placed, rated or unrated, mortgage
pass-through transaction, retaining the Company as “servicer” (with or without a
master servicer) thereunder.
Periodic
Rate Cap:
With respect to each Mortgage Loan, the provision of each Mortgage Note which
provides for an absolute maximum amount by which the Mortgage Interest Rate
therein may increase or decrease on an Interest Rate Adjustment Date above
the
Mortgage Interest Rate previously in effect, equal to the rate set forth
on the
Mortgage Loan Schedule per adjustment.
Person:
Any
individual, corporation, partnership, joint venture, association, joint-stock
company, trust, unincorporated organization, government or any agency or
political subdivision thereof.
PMI:
PMI
Mortgage Insurance Co., or any successor thereto.
PMI
Policy:
A
policy of primary mortgage guaranty insurance issued by a Qualified Insurer,
as
required by this Agreement with respect to certain Mortgage Loans.
Pool
Insurer:
Any of
GEMICO, PMI or UGI.
Prepayment
Interest Shortfall Amount:
With
respect to any Mortgage Loan that was subject to a Principal Prepayment in
full
or in part during any Due Period, which Principal Prepayment was applied
to such
Mortgage Loan prior to such Mortgage Loan’s Due Date in such Due Period, the
amount of interest (net the related Servicing Fee) that would have accrued
on
the amount of such Principal Prepayment during the period commencing on the
date
as of which such Principal Prepayment was applied to such Mortgage Loan and
ending on the day immediately preceding such Due Date, inclusive.
Prime
Rate:
The
prime rate announced to be in effect from time to time, as published as the
average rate in the “Money Rates” section of The Wall Street Journal.
Principal
Prepayment:
Any
payment or other recovery of principal on a Mortgage Loan which is received
in
advance of its scheduled Due Date, including any prepayment penalty or premium
thereon and which is not accompanied by an amount of interest representing
scheduled interest due on any date or dates in any month or months subsequent
to
the month of prepayment.
Principal
Prepayment Period:
The
month preceding the month in which the related Remittance Date
occurs.
Purchaser:
EMC
Mortgage Corporation or its successor in interest or any successor to the
Purchaser under this Agreement as herein provided.
Qualified
Depository:
A
depository the accounts of which are insured by the FDIC through the BIF
or the
SAIF or the debt obligations of which are rated AA (or the equivalent rating
category) or better by national recognized statistical rating
organization.
Qualified
Insurer:
A
mortgage guaranty insurance company duly authorized and licensed where required
by law to transact mortgage guaranty insurance business and approved as an
insurer by Xxxxxx Xxx or Xxxxxxx Mac.
Qualified
Substitute Mortgage Loan:
A
mortgage loan eligible to be substituted by the Company for a Deleted Mortgage
Loan which must, on the date of such substitution, (i) have an outstanding
principal balance, after deduction of all scheduled payments due in the month
of
substitution (or in the case of a substitution of more than one mortgage
loan
for a Deleted Mortgage Loan, an aggregate principal balance), not in excess
of
the Stated Principal Balance of the Deleted Mortgage Loan; (ii) have a Mortgage
Loan Remittance Rate not less than and not more than 2% greater than the
Mortgage Loan Remittance Rate of the Deleted Mortgage Loan; (iii) have a
remaining term to maturity not greater than and not more than one year less
than
that of the Deleted Mortgage Loan; (iv) have a Gross Margin not less than
that
of the Deleted Mortgage Loan; (v) comply with each representation and warranty
set forth in Sections 3.01 and 3.02; (v) use the same Index for determining
the
Mortgage Interest Rate as the Deleted Mortgage Loan; (vi) have the same
provision with respect to convertibility as the Deleted Mortgage Loan; and
(viii) be a REMIC Eligible Mortgage Loan.
Rating
Agency:
Any of
Fitch, Xxxxx’x or Standard & Poor’s or their respective successors designed
by the Purchaser.
Reconstitution
Agreements:
The
agreement or agreements entered into by the Purchaser, the Company, Xxxxxx
Mae
or Xxxxxxx Mac or certain third parties on the Reconstitution Date(s) with
respect to any or all of the Mortgage Loans serviced hereunder, in connection
with a Pass-Through Transfer or an Agency Transfer as set forth in Section
7.01,
including, but not limited to, (i) a Xxxxxx Mae Mortgage Selling and Servicing
Contract, a Pool Purchase Contract, and any and all servicing agreements
and
tri-party agreements reasonably required by Xxxxxx Xxx with respect to a
Xxxxxx
Mae Transfer, (ii) a Purchase Contract and all purchase documents associated
therewith as set forth in the Xxxxxxx Xxx Xxxxxxx’ & Servicers’ Guide, and
any and all servicing agreements and tri-party agreements reasonably required
by
Xxxxxxx Mac with respect to a Xxxxxxx Mac Transfer, and (iii) a Pooling and
Servicing Agreement and/or a subservicing/master servicing agreement and
related
custodial/trust agreement and related documents with respect to a Pass-Through
Transfer. Such agreement or agreements shall prescribe the rights and
obligations of the Company in servicing the related Mortgage Loans and shall
provide for servicing compensation to the Company (calculated on a weighted
average basis for all the related Mortgage Loans as of the Reconstitution
Date),
net of any guarantee fees due Xxxxxx Mae or Xxxxxxx Mac, if applicable, at
least
equal to the Servicing Fee due the Company in accordance with this Agreement
or
the servicing fee required pursuant to the Reconstitution Agreement. The
form of
relevant Reconstitution Agreement to be entered into by the Purchaser and/or
master servicer or trustee and the Company with respect to Pass-Through
Transfers shall be reasonably satisfactory in form and substance to the
Purchaser and the Company, shall not material increase the Company’s obligations
or diminish the Company’s rights hereunder and the representations and
warranties and servicing provisions contained therein shall be substantially
similar to those contained in this Agreement, unless otherwise mutually agreed
by the parties.
Reconstitution
Date:
The
date or dates on which any or all of the Mortgage Loans serviced under this
Agreement shall be removed from this Agreement and reconstituted as part
of an
Agency Transfer or a Pass-Through Transfer pursuant to Section 7.01 hereof.
On
such date or dates, the Mortgage Loans transferred shall cease to be covered
by
this Agreement and the Company’s servicing responsibilities shall cease under
this Agreement with respect to the related transferred Mortgage
Loans.
Record
Date:
The
close of business of the last Business Day of the month preceding the month
of
the related Remittance Date.
REMIC:
A “real
estate mortgage investment conduit” within the meaning of Section 860D of the
Code.
REMIC
Documents:
The
document or documents creating and governing the administration of a
REMIC.
REMIC
Eligible Mortgage Loan:
A
Mortgage Loan held by a REMIC which satisfies and/or complies with all
applicable REMIC Provisions.
REMIC
Provisions:
Provisions of the federal income tax law relating to a REMIC, which appear
at
Section 860A through 86OG of Subchapter M of Chapter 1, Subtitle A of the
Code,
and related provisions, and regulations, rulings or pronouncements promulgated
thereunder, as the foregoing may be in effect from time to time.
Remittance
Date:
The
18th day (or if such 18th day is not a Business Day, the first Business Day
immediately following) of any month, beginning with the First Remittance
Date.
REO
Disposition:
The
final sale by the Company of any REO Property.
REO
Disposition Proceeds:
All
amounts received with respect to an REO Disposition pursuant to Section 4.16.
REO
Property:
A
Mortgaged Property acquired by the Company on behalf of the Purchasers through
foreclosure or by deed in lieu of foreclosure, as described in Section
4.16.
Repurchase
Price:
With
respect to any Mortgage Loan, a price equal to (i) the Stated Principal Balance
of the Mortgage Loan plus (ii) interest on such Stated Principal Balance
at the
Mortgage Loan Remittance Rate from the date on which interest has last been
paid
and distributed to the Purchaser to the date of repurchase, less amounts
received or advanced in respect of such repurchased Mortgage Loan which are
being held in the Custodial Account for distribution in the month of
repurchase.
SAIF:
The
Savings Association Insurance Fund, or any successor thereto.
Securities
Act of 1933 or the 1933 Act:
The
Securities Act of 1933, as amended.
Servicing
Advances:
All
customary, reasonable and necessary “out of pocket” costs and expenses other
than Monthly Advances (including reasonable attorneys’ fees and disbursements)
incurred in the performance by the Company of its servicing obligations,
including, but not limited to, the cost of (a) the preservation, restoration
and
protection of the Mortgaged Property, (b) any enforcement or judicial
proceedings, including without limitation, foreclosures, (c) the management
and
liquidation of any REO Property and (d) compliance with the obligations under
Section 4.08.
Servicing
Fee:
With
respect to each Mortgage Loan, the amount of the annual fee the Purchaser
shall
pay to the Company, which shall, for a period of one full month, be equal
to
one-twelfth of the product of (a) the Servicing Fee Rate and (b) the outstanding
principal balance of such Mortgage Loan. Such fee shall be payable monthly,
computed on the basis of the same principal amount and period respecting
which
any related interest payment on a Mortgage Loan is computed. The obligation
of
the Purchaser to pay the Servicing Fee is limited to, and the Servicing Fee
is
payable solely from, the interest portion (including recoveries with respect
to
interest from Liquidation Proceeds, to the extent permitted by Section 4.05)
of
such Monthly Payment collected by the Company, or as otherwise provided under
Section 4.05.
Servicing
Fee Rate:
0.25%
per annum with respect to the period prior to the initial Interest Adjustment
Date and, for the 5/1 7/1 and 10/1 ARM Loans 0.375% thereafter.
Servicing
File:
With
respect to each Mortgage Loan, the file retained by the Company consisting
of
originals of all documents in the Mortgage File which are not delivered to
the
Custodian and copies of the Mortgage Loan Documents listed in Exhibit
B
the
originals of which are delivered to the Custodian pursuant to Section
2.01.
Servicing
Officer:
Any
officer of the Company involved in or responsible for, the administration
and
servicing of the Mortgage Loans whose name appears on a list of servicing
officers furnished by the Company to the Purchaser upon request, as such
list
may from time to time be amended.
7/1
ARM Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the interest rate on such Mortgage Loan is fixed for the
first
seven (7) years of the term of the related Mortgage Loan and which thereafter
is
converted to a Treasury Rate Mortgage Loan or a LIBOR Mortgage Loan except
that
the Periodic Rate Cap does not apply to the initial Interest Rate Adjustment
Date for the related Mortgage Loan.
Stated
Principal Balance:
As to
each Mortgage Loan, (i) the principal balance of the Mortgage Loan at the
related Cut-off Date after giving effect to payments of principal due on
or
before such date, whether or not received, minus (ii) all amounts previously
distributed to the Purchaser with respect to the related Mortgage Loan
representing payments or recoveries of principal or advances in lieu
thereof.
Subservicer:
Any
Subservicer which is subservicing the Mortgage Loans pursuant to a Subservicing
Agreement. Any subservicer shall meet the qualifications set forth in Section
4.01.
Subservicing
Agreement:
An
agreement between the Company and a Subservicer for the servicing of the
Mortgage Loans.
10/1
ARM Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the interest rate on such Mortgage Loan is fixed for the
first
ten (10) years of the term of the related Mortgage Loan and which thereafter
is
converted to a Treasury Rate Mortgage Loan or a LIBOR Mortgage Loan except
that
the Periodic Rate Cap does not apply to the initial Interest Rate Adjustment
Date for the related Mortgage Loan.
3/1
ARM Mortgage Loan:
Any individual Mortgage Loan purchased pursuant to this Agreement which contains
a provision whereby the interest rate on such Mortgage Loan is fixed for
the
first three (3) years of the term of the related Mortgage Loan and which
thereafter is converted to a Treasury Rate Mortgage Loan or a LIBOR Mortgage
Loan.
Treasury
Rate Mortgage Loan:
Any
individual Mortgage Loan purchased pursuant to this Agreement which contains
a
provision whereby the interest rate on such Mortgage Loan is adjusted based
upon
the weekly average yield on U.S. Treasury securities.
Underwriting
Guidelines:
The
underwriting guidelines of the Company with respect to mortgage loans similar
to
the Mortgage Loans, attached hereto as Exhibit
H.
UGI:
United
Guaranty Residential Insurance Company or any successor thereto.
ARTICLE
II
CONVEYANCE
OF MORTGAGE LOANS; POSSESSION OF MORTGAGE FILES;
BOOKS
AND RECORDS; DELIVERY OF DOCUMENTS
Section 2.01 |
Conveyance
of Mortgage Loans; Possession of Mortgage Files; Maintenance of
Servicing
Files.
|
The
Company, on each Closing Date, does hereby sell, transfer, assign, set over
and
convey to the Purchaser, without recourse, but subject to the terms of this
Agreement, all the right, title and interest of the Company in and to the
Mortgage Loans in the related Mortgage Loan Package, excluding the right
to
service the Mortgage Loans which the Company expressly retains. Pursuant
to
Section 2.03, the Company has delivered the Mortgage Loan Documents for each
Mortgage Loan in the Mortgage Loan Package to the Custodian.
The
contents of each Mortgage File not delivered to the Custodian are and shall
be
held in trust by the Company for the benefit of the Purchaser as the owner
thereof. The Company shall maintain a Servicing File consisting of a copy
of the
contents of each Mortgage File and the originals of the documents in each
Mortgage File not delivered to the Custodian. The possession of each Servicing
File by the Company is at the will of the Purchaser for the sole purpose
of
servicing the related Mortgage Loan, and such retention and possession by
the
Company is in a custodial capacity only. Upon the sale of the Mortgage Loans
the
ownership of each Mortgage Note, the related Mortgage and the related Mortgage
File and Servicing File shall vest immediately in the Purchaser, and the
ownership of all records and documents with respect to the related Mortgage
Loan
prepared by or which come into the possession of the Company shall vest
immediately in the Purchaser and shall be retained and maintained by the
Company, in trust, at the will of the Purchaser and only in such custodial
capacity. Each Servicing File shall be segregated from the other books and
records of the Company and shall be marked appropriately to reflect clearly
the
sale of the related Mortgage Loan to the Purchaser. The Company shall release
its custody of the contents of any Servicing File only in accordance with
written instructions from the Purchaser, unless such release is required
as
incidental to the Company’s servicing of the Mortgage Loans or is in connection
with a repurchase of any Mortgage Loan pursuant to Section 3.03, 3.05, 3.07,
or
6.02.
Section 2.02 |
Books
and Records; Transfers of Mortgage Loans.
|
From
and
after the sale of the Mortgage Loans to the Purchaser all rights arising
out of
the Mortgage Loans in a Mortgage Loan Package including but not limited to
all
funds received on or in connection with the Mortgage Loan, shall be received
and
held by the Company in trust for the benefit of the Purchaser as owner of
the
Mortgage Loans, and the Company shall retain record title to the related
Mortgages for the sole purpose of facilitating the servicing and the supervision
of the servicing of the Mortgage Loans.
The
sale
of each Mortgage Loan in a Mortgage Loan Package shall be reflected on the
Company’s balance sheet and other financial statements as a sale of assets by
the Company. The Company shall be responsible for maintaining, and shall
maintain, a complete set of books and records for each Mortgage Loan which
shall
be marked clearly to reflect the ownership of each Mortgage Loan by the
Purchaser. In particular, the Company shall maintain in its possession,
available for inspection by the Purchaser, or its designee and shall deliver
to
the Purchaser upon demand, evidence of compliance with all federal, state
and
local laws, rules and regulations, and requirements of Xxxxxx Xxx or Xxxxxxx
Mac, including but not limited to documentation as to the method used in
determining the applicability of the provisions of the Flood Disaster Protection
Act of 1973, as amended, to the Mortgaged Property, documentation evidencing
insurance coverage and eligibility of any condominium project for approval
by
Xxxxxx Mae and periodic inspection reports as required by Section 4.13. To
the
extent that original documents are not required for purposes of realization
of
Liquidation Proceeds or Insurance Proceeds, documents maintained by the Company
may be in the form of microfilm or microfiche or such other reliable means
of
recreating original documents, including but not limited to, optical imagery
techniques so long as the Company complies with the requirements of the Xxxxxx
Xxx Selling and Servicing Guide, as amended from time to time.
The
Company shall maintain with respect to each Mortgage Loan and shall make
available for inspection by any Purchaser or its designee the related Servicing
File during the time the Purchaser retains ownership of a Mortgage Loan and
thereafter in accordance with applicable laws and regulations.
The
Company shall keep at its servicing office books and records in which, subject
to such reasonable regulations as it may prescribe, the Company shall note
transfers of Mortgage Loans. No transfer of a Mortgage Loan may be made unless
such transfer is in compliance with the terms hereof. For the purposes of
this
Agreement, the Company shall be under no obligation to deal with any person
with
respect to this agreement or the Mortgage Loans unless the books and records
show such person as the owner of the Mortgage Loan. The Purchaser may, subject
to the terms of this Agreement, sell and transfer one or more of the Mortgage
Loans, provided,
however,
that
(i) the transferee will not be deemed to be a Purchaser hereunder binding
upon
the Company unless such transferee shall agree in writing to be bound by
the
terms of this Agreement and an original counterpart of the instrument of
transfer and an assignment and assumption of this Agreement in the form of
Exhibit
G
hereto
executed by the transferee shall have been delivered to the Company, and
(ii)
with respect to each Mortgage Loan Package, in no event shall there be more
than
five Persons at any given time having the status of “Purchaser” hereunder. The
Purchaser also shall advise the Company of the transfer. Upon receipt of
notice
of the transfer, the Company shall xxxx its books and records to reflect
the
ownership of the Mortgage Loans of such assignee, and shall release the previous
Purchaser from its obligations hereunder with respect to the Mortgage Loans
sold
or transferred. Purchaser shall not to transfer to any assignee any pool
of
Mortgage Loans with a aggregate outstanding principal balance of less than
$10,000,000 without the consent of the Company; provided, however, if the
Company fails to consent to the transfer of a pool of Mortgage Loans as
contemplated in this sentence, Purchaser shall have the right to purchase
the
servicing rights associated with such Mortgage Loans at a price to mutually
agreed to by Purchaser and Company, exercising good faith.
Section 2.03 |
Delivery
of Documents.
|
On
or
before the date which is agreed upon by the Purchaser and the Company in
the
related Confirmation, the Company shall deliver and release to the Custodian
those Mortgage Loan Documents as required by this Agreement with respect
to each
Mortgage Loan in the related Mortgage Loan Package a list of which is attached
to the related Assignment and Conveyance.
On
or
prior to the related Closing Date, the Custodian shall certify its receipt
of
all such Mortgage Loan Documents required to be delivered pursuant to the
Custodial Agreement, as evidenced by the Initial Certification of the Custodian
in the form annexed to the Custodial Agreement. The Company shall be responsible
for maintaining the Custodial Agreement for the benefit of the Purchaser.
Purchaser shall pay all fees and expenses of the Custodian.
The
Company shall forward to the Custodian original documents evidencing an
assumption, modification, consolidation or extension of any Mortgage Loan
entered into in accordance with Section 4.01 or 6.01 within one week of their
execution, provided, however, that the Company shall provide the Custodian
with
a certified true copy of any such document submitted for recordation within
one
week of its execution, and shall provide the original of any document submitted
for recordation or a copy of such document certified by the appropriate public
recording office to be a true and complete copy of the original within 180
days
of its submission for recordation.
In
the
event an Officer’s Certificate of the Company is delivered to the Custodian
because of a delay caused by the public recording office in returning any
recorded document, the Company shall deliver to the Custodian, within 180
days
of the related Closing Date, an Officer’s Certificate which shall (i) identify
the recorded document, (ii) state that the recorded document has not been
delivered to the Custodian due solely to a delay caused by the public recording
office, (iii) state the amount of time generally required by the applicable
recording office to record and return a document submitted for recordation,
and
(iv) specify the date the applicable recorded document will be delivered
to the
Custodian. The Company shall be required to deliver to the Custodian the
applicable recorded document by the date specified in (iv) above. An extension
of the date specified in (iv) above may be requested from the Purchaser,
which
consent shall not be unreasonably withheld.
On
or
prior to the date which is three Business Days prior to the related Closing
Date, the Company shall deliver to the Purchaser the related Mortgage Loan
Schedule.
ARTICLE
III
REPRESENTATIONS
AND WARRANTIES;
REMEDIES
AND BREACH
Section 3.01 |
Company
Representations and Warranties.
|
The
Company represents and warrants to the Purchaser that as of each Closing
Date:
(a) Due
Organization and Authority.
The
Company is a corporation duly organized, validly existing and in good standing
under the laws of the State of New York and has all licenses necessary to
carry
on its business as now being conducted and is licensed, qualified and in
good
standing in each state where a Mortgaged Property is located if the laws
of such
state require licensing or qualification in order to conduct business of
the
type conducted by the Company, and in any event the Company is in compliance
with the laws of any such state to the extent necessary to ensure the
enforceability of the related Mortgage Loan and the servicing of such Mortgage
Loan in accordance with the terms of this Agreement; the Company has the
full
corporate power and authority to execute and deliver this Agreement and to
perform in accordance herewith; the execution, delivery and performance of
this
Agreement (including all instruments of transfer to be delivered pursuant
to
this Agreement) by the Company and the consummation of the transactions
contemplated hereby have been duly and validly authorized; this Agreement
evidences the valid, binding and enforceable obligation of the Company; and
all
requisite corporate action has been taken by the Company to make this Agreement
valid and binding upon the Company in accordance with its terms;
(b) Ordinary
Course of Business.
The
consummation of the transactions contemplated by this Agreement are in the
ordinary course of business of the Company, and the transfer, assignment
and
conveyance of the Mortgage Notes and the Mortgages by the Company pursuant
to
this Agreement are not subject to the bulk transfer or any similar statutory
provisions in effect in any applicable jurisdiction;
(c) No
Conflicts.
Neither
the execution and delivery of this Agreement, the acquisition of the Mortgage
Loans by the Company, the sale of the Mortgage Loans to the Purchaser or
the
transactions contemplated hereby, nor the fulfillment of or compliance with
the
terms and conditions of this Agreement, will conflict with or result in a
breach
of any of the terms, conditions or provisions of the Company’s charter or
by-laws or any legal restriction or any agreement or instrument to which
the
Company is now a party or by which it is bound, or constitute a default or
result in an acceleration under any of the foregoing, or result in the violation
of any law, rule, regulation, order, judgment or decree to which the Company
or
its property is subject, or impair the ability of the Purchaser to realize
on
the Mortgage Loans, or impair the value of the Mortgage Loans;
(d) Ability
to Service.
The
Company is an approved seller/servicer of conventional residential mortgage
loans for Xxxxxx Xxx or Xxxxxxx Mac, with the facilities, procedures, and
experienced personnel necessary for the sound servicing of mortgage loans
of the
same type as the Mortgage Loans. The Company is in good standing to sell
mortgage loans to and service mortgage loans for Xxxxxx Mae or Xxxxxxx Mac,
and
no event has occurred, including but not limited to a change in insurance
coverage, which would make the Company unable to comply with Xxxxxx Mae or
Xxxxxxx Mac eligibility requirements or which would require notification
to
either Xxxxxx Mae or Xxxxxxx Mac;
(e) Reasonable
Servicing Fee.
The
Company acknowledges and agrees that the Servicing Fee, as calculated at
the
Servicing Fee Rate, represents reasonable compensation for performing such
services and that the entire Servicing Fee shall be treated by the Company,
for
accounting and tax purposes, as compensation for the servicing and
administration of the Mortgage Loans pursuant to this Agreement.
(f) Ability
to Perform.
The
Company does not believe, nor does it have any reason or cause to believe,
that
it cannot perform each and every covenant contained in this Agreement. The
Company is solvent and the sale of the Mortgage Loans is not undertaken to
hinder, delay or defraud any of the Company’s creditors;
(g) No
Litigation Pending.
There
is no action, suit, proceeding or investigation pending or to the best of
the
Company’s knowledge threatened against the Company which, either in any one
instance or in the aggregate, may result in any material adverse change in
the
business, operations, financial condition, properties or assets of the Company,
or in any material impairment of the right or ability of the Company to carry
on
its business substantially as now conducted, or in any material liability
on the
part of the Company, or which would draw into question the validity of this
Agreement or the Mortgage Loans or of any action taken or to be taken in
connection with the obligations of the Company contemplated herein, or which
would be likely to impair materially the ability of the Company to perform
under
the terms of this Agreement;
(h) No
Consent Required.
No
consent, approval, authorization or order of any court or governmental agency
or
body is required for the execution, delivery and performance by the Company
of
or compliance by the Company with this Agreement or the sale of the Mortgage
Loans as evidenced by the consummation of the transactions contemplated by
this
Agreement, or if required, such approval has been obtained prior to the related
Closing Date;
(i) Selection
Process.
The
Mortgage Loans were selected from among the adjustable rate one- to four-family
mortgage loans in the Company’s portfolio at the related Closing Date as to
which the representations and warranties set forth in Section 3.02 could
be made
and such selection was not made in a manner so as to affect adversely the
interests of the Purchaser;
(j) Pool
Characteristics.
With
respect to each Mortgage Loan Package, the Mortgage Loan characteristics
set
forth on Exhibit 2 to the related Assignment and Conveyance are true and
complete.
(k) No
Untrue Information.
Neither
this Agreement nor any statement, report or other document furnished or to
be
furnished pursuant to this Agreement or in connection with the transactions
contemplated hereby contains any untrue statement of fact or omits to state
a
fact necessary to make the statements contained therein not
misleading;
(l) Sale
Treatment.
The
Company has determined that the disposition of the Mortgage Loans pursuant
to
this Agreement will be afforded sale treatment for accounting and tax
purposes;
(m) Financial
Statements.
There
has been no change in the business, operations, financial condition, properties
or assets of the Company since the date of the Company’s most recent financial
statements that would have a material adverse effect on its ability to perform
its obligations under this Agreement;
(n) No
Brokers’ Fees.
The
Company has not dealt with any broker, investment banker, agent or other
person
that may be entitled to any commission or compensation in connection with
the
sale of the Mortgage Loans;
(o) Origination.
The
Company’s decision to originate any mortgage loan or to deny any mortgage loan
application is an independent decision based upon Company’s Underwriting
Guidelines, and is in no way made as a result of Purchaser’s decision to
purchase, or not to purchase, or the price Purchaser may offer to pay for,
any
such mortgage loan, if originated; and
(p) MERS.
The
Company is a member of MERS in good standing, and will comply in all material
respects with the rules and procedures of MERS in connection with the servicing
of the MERS Mortgage Loans for as long as such Mortgage Loans are registered
with MERS;
Section 3.02 |
Representations
and Warranties Regarding Individual Mortgage Loans.
|
As
to
each Mortgage Loan, the Company hereby represents and warrants to the Purchaser
that as of the related Closing Date:
(a) Mortgage
Loans as Described.
The
information set forth in each Mortgage Loan Schedule is complete, true and
correct in all material respects;
(b) Payments
Current.
All
payments required to be made up to the related Closing Date for the Mortgage
Loan under the terms of the Mortgage Note have been made and credited. No
payment required under the Mortgage Loan has been more than 30 days delinquent
at any time in the twelve months prior to the related Closing Date. The first
Monthly Payment shall be made with respect to the Mortgage Loan on its Due
Date
or within the grace period, all in accordance with the terms of the related
Mortgage Note;
(c) No
Outstanding Charges.
There
are no defaults in complying with the terms of the Mortgages, and all taxes,
governmental assessments, insurance premiums, water, sewer and municipal
charges, leasehold payments or ground rents which previously became due and
owing have been paid, or an escrow of funds has been established in an amount
sufficient to pay for every such item which remains unpaid and which has
been
assessed but is not yet due and payable. The Company has not advanced funds,
or
induced, solicited or knowingly received any advance of funds by a party
other
than the Mortgagor, directly or indirectly, for the payment of any amount
required under the Mortgage Loan, except for interest accruing from the date
of
the Mortgage Note or date of disbursement of the Mortgage Loan proceeds,
whichever is greater, to the day which precedes by one month the Due Date
of the
first installment of principal and interest;
(d) Original
Terms Unmodified.
The
terms of the Mortgage Note and Mortgage have not been impaired, waived, altered
or modified in any respect, except by a written instrument which has been
recorded, if necessary to protect the interests of the Purchaser and which
has
been delivered to the Custodian. The substance of any such waiver, alteration
or
modification has been approved by the issuer of any related PMI Policy and
the
title insurer, to the extent required by the policy, and its terms are reflected
on the related Mortgage Loan Schedule. No Mortgagor has been released, in
whole
or in part, except in connection with an assumption agreement approved by
the
issuer of any related PMI Policy and the title insurer, to the extent required
by the policy, and which assumption agreement is part of the Mortgage Loan
File
delivered to the Custodian and the terms of which are reflected in the related
Mortgage Loan Schedule;
(e) No
Defenses.
The
Mortgage Loan is not subject to any right of rescission, set-off, counterclaim
or defense, including without limitation the defense of usury, nor will the
operation of any of the terms of the Mortgage Note or the Mortgage, or the
exercise of any right thereunder, render either the Mortgage Note or the
Mortgage unenforceable, in whole or in part, or subject to any right of
rescission, set-off, counterclaim or defense, including without limitation
the
defense of usury, and no such right of rescission, set-off, counterclaim
or
defense has been asserted with respect thereto, and no Mortgagor was a debtor
in
any state or federal bankruptcy or insolvency proceeding at the time the
Mortgage Loan was originated;
(f) Hazard
Insurance.
Pursuant to the terms of the Mortgage, all buildings or other improvements
upon
the Mortgaged Property are insured by a generally acceptable insurer against
loss by fire, hazards of extended coverage and such other hazards as are
customary in the area where the Mortgaged Property is located pursuant to
insurance policies conforming to the requirements of Section 4.10. If upon
origination of the Mortgage Loan, the Mortgaged Property was in an area
identified in the Federal Register by the Federal Emergency Management Agency
as
having special flood hazards (and such flood insurance has been made available)
a flood insurance policy meeting the requirements of the current guidelines
of
the Federal Flood Insurance Administration is in effect which policy conforms
to
the requirements of Section 4.10. All individual insurance policies contain
a
standard mortgagee clause naming the Company and its successors and assigns
as
mortgagee, and all premiums thereon have been paid. The Mortgage obligates
the
Mortgagor thereunder to maintain the hazard insurance policy at the Mortgagor’s
cost and expense, and on the Mortgagor’s failure to do so, authorizes the holder
of the Mortgage to obtain and maintain such insurance at such Mortgagor’s cost
and expense, and to seek reimbursement therefor from the Mortgagor. Where
required by state law or regulation, the Mortgagor has been given an opportunity
to choose the carrier of the required hazard insurance, provided the policy
is
not a “master” or “blanket” hazard insurance policy covering the common
facilities of a planned unit development. The hazard insurance policy is
the
valid and binding obligation of the insurer, is in full force and effect,
and
will be in full force and effect and inure to the benefit of the Purchaser
upon
the consummation of the transactions contemplated by this Agreement. The
Company
has not engaged in, and has no knowledge of the Mortgagor’s or any Subservicer’s
having engaged in, any act or omission which would impair the coverage of
any
such policy, the benefits of the endorsement provided for herein, or the
validity and binding effect of either, including without limitation, no unlawful
fee, unlawful commission, unlawful kickback or other unlawful compensation
or
value of any kind has been or will be received, retained or realized by any
attorney, firm or other person or entity, and no such unlawful items have
been
received, retained or realized by the Company;
(g) Compliance
with Applicable Laws.
Any and
all requirements of any federal, state or local law including, without
limitation, usury, truth-in-lending, real estate settlement procedures, consumer
credit protection, equal credit opportunity or disclosure laws applicable
to the
Mortgage Loan have been complied with, and the Company shall maintain in
its
possession, available for the Purchaser’s inspection, and shall deliver to the
Purchaser upon demand, evidence of compliance with all such
requirements;
(h) No
Satisfaction of Mortgage.
The
Mortgage has not been satisfied, canceled, subordinated or rescinded, in
whole
or in part, and the Mortgaged Property has not been released from the lien
of
the Mortgage, in whole or in part, nor has any instrument been executed that
would effect any such release, cancellation, subordination or rescission.
The
Company has not waived the performance by the Mortgagor of any action, if
the
Mortgagor’s failure to perform such action would cause the Mortgage Loan to be
in default, nor has the Company waived any default resulting from any action
or
inaction by the Mortgagor;
(i) Location
and Type of Mortgaged Property.
The
Mortgaged Property is a fee simple property located in the state identified
in
the related Mortgage Loan Schedule and consists of a parcel of real property
with a detached single family residence erected thereon, or an individual
condominium unit in a low-rise condominium project, or an individual unit
in a
planned unit development, provided, however, that any condominium project
or
planned unit development shall conform with the Company’s Underwriting
Guidelines regarding such dwellings, and no residence or dwelling is a mobile
home or a manufactured dwelling. No portion of the Mortgaged Property is
used
for commercial purposes;
(j) Valid
First Lien.
The
Mortgage is a valid, subsisting, enforceable and perfected first lien on
the
Mortgaged Property, including all buildings and improvements on the Mortgaged
Property, and all additions, alterations and replacements made at any time
with
respect to the foregoing. The lien of the Mortgage is subject only
to:
(1) the
lien
of current real property taxes and assessments not yet due and
payable;
(2) covenants,
conditions and restrictions, rights of way, easements and other matters of
the
public record as of the date of recording acceptable to mortgage lending
institutions generally and specifically referred to in the lender’s title
insurance policy delivered to the originator of the Mortgage Loan and (i)
referred to or to otherwise considered in the appraisal made for the originator
of the Mortgage Loan or (ii) which do not adversely affect the Appraised
Value
of the Mortgaged Property set forth in such appraisal; and
(3) other
matters to which like properties are commonly subject which do not materially
interfere with the benefits of the security intended to be provided by the
mortgage or the use, enjoyment, value or marketability of the related Mortgaged
Property.
Any
security agreement, chattel mortgage or equivalent document related to and
delivered in connection with the Mortgage Loan establishes and creates a
valid,
subsisting and enforceable first lien and first priority security interest
on
the property described therein and the Company has full right to sell and
assign
the same to the Purchaser. The Mortgaged Property was not, as of the date
of
origination of the Mortgage Loan, subject to a mortgage, deed of trust, deed
to
secured debt or other security instrument creating a lien subordinate to
the
lien of the Mortgage;
(k) Validity
of Mortgage Documents.
The
Mortgage Note and the Mortgage are genuine, and each is the legal, valid
and
binding obligation of the maker thereof enforceable in accordance with its
terms. All parties to the Mortgage Note and the Mortgage and any other related
agreement had legal capacity to enter into the Mortgage Loan and to execute
and
deliver the Mortgage Note and the Mortgage and any other related agreement,
and
the Mortgage Note and the Mortgage have been duly and properly executed by
such
parties. No fraud was committed by the Company, or to the Company's knowledge
by
any other person including the Mortgagor, in connection with the origination
or
servicing of the Mortgage Loan. The Company has reviewed all of the documents
constituting the Servicing File and has made such inquiries as it deems
necessary to make and confirm the accuracy of the representations set forth
herein;
(l) Full
Disbursement of Proceeds.
The
Mortgage Loan has been closed and the proceeds of the Mortgage Loan have
been
fully disbursed and there is no requirement for future advances thereunder,
and
any and all requirements as to completion of any on-site or off-site improvement
and as to disbursements of any escrow funds therefor have been complied with.
All costs, fees and expenses incurred in making or closing the Mortgage Loan
and
the recording of the Mortgage were paid, and the Mortgagor is not entitled
to
any refund of any amounts paid or due under the Mortgage Note or
Mortgage;
(m) Ownership.
The
Company is the sole owner of record and holder of the Mortgage Loan. The
Mortgage Loan is not assigned or pledged, and the Company has good and
marketable title thereto, and has full right to transfer and sell the Mortgage
Loan therein to the Purchaser free and clear of any encumbrance, equity,
participation interest, lien, pledge, charge, claim or security interest,
and
has full right and authority subject to no interest or participation of,
or
agreement with, any other party, to sell and assign each Mortgage Loan pursuant
to this Agreement;
(n) Doing
Business.
All
parties which have had any interest in the Mortgage Loan, whether as mortgagee,
assignee, pledgee or otherwise, are (or, during the period in which they
held
and disposed of such interest, were) (1) in compliance with any and all
applicable licensing requirements of the laws of the state wherein the Mortgaged
Property is located, and (2) organized under the laws of such state, or (3)
qualified to do business in such state, or (4) federal savings and loan
associations or national banks having principal offices in such state, or
(5)
not doing business in such state;
(o) LTV,
PMI Policy.
Any
Mortgage Loan with an LTV over 80% has a PMI Policy insuring, as to payment
defaults, the excess LTV over 71% (or such other percentage as stated in
the
related Confirmation) of the Appraised Value until the LTV of such Mortgage
Loan
is reduced to 80%. All provisions of such PMI Policy have been and are being
complied with, such policy is in full force and effect, and all premiums
due
thereunder have been paid. No action, inaction, or event has occurred and
no
state of facts exists that has, or will result in the exclusion from, denial
of,
or defense to coverage. Any Mortgage Loan subject to a PMI Policy obligates
the
Mortgagor thereunder to maintain the PMI Policy and to pay all premiums and
charges in connection therewith; provided, that, with respect to LPMI Loans,
the
Company is obligated thereunder to maintain the LPMI Policy and to pay all
premiums and charges in connection therewith. The Mortgage Interest Rate
for the
Mortgage Loan as set forth on the Mortgage Loan Schedule is net of any insurance
premium excluded any premium for the LPMI Policy;
(p) Title
Insurance.
The
Mortgage Loan is covered by either (i) an attorney’s opinion of title and
abstract of title the form and substance of which is acceptable to mortgage
lending institutions making mortgage loans in the area where the Mortgaged
Property is located or (ii) an ALTA lender’s title insurance policy or other
generally acceptable form of policy of insurance acceptable to Xxxxxx Xxx
or
Xxxxxxx Mac, issued by a title insurer acceptable to Xxxxxx Mae or Xxxxxxx
Mac
and qualified to do business in the jurisdiction where the Mortgaged Property
is
located, insuring the Company, its successors and assigns, as to the first
priority lien of the Mortgage in the original principal amount of the Mortgage
Loan (or to the extent that a Mortgage Note provides for negative amortization,
the maximum amount of negative amortization in accordance with the Mortgage),
and against any loss by reason of the invalidity or unenforceability of the
lien
resulting from the provisions of the Mortgage providing for adjustment in
the
Mortgage Interest Rate and Monthly Payment, subject only to the exceptions
contained in clauses (1), (2) and (3) of paragraph (j) of this Section 3.02.
Where required by state law or regulation, the Mortgagor has been given the
opportunity to choose the carrier of the required mortgage title insurance.
Additionally, such lender’s title insurance policy affirmatively insures ingress
and egress, and against encroachments by or upon the Mortgaged Property or
any
interest therein. The Company is the sole insured of such lender’s title
insurance policy, and such lender’s title insurance policy is in full force and
effect and will be in force and effect upon the consummation of the transactions
contemplated by this Agreement. No claims have been made under such lender’s
title insurance policy, and no prior holder of the Mortgage, including the
Company, has done, by act or omission, anything which would impair the coverage
of such lender’s title insurance policy including without limitation, no
unlawful fee, commission, kickback or other unlawful compensation or value
of
any kind has been or will be received, retained or realized by any attorney,
firm or other person or entity, and no such unlawful items have been received,
retained or realized by the Company;
(q) No
Defaults.
There
is no default, breach, violation or event of acceleration existing under
the
Mortgage or the Mortgage Note and no event which, with the passage of time
or
with notice and the expiration of any grace or cure period, would constitute
a
default, breach, violation or event of acceleration, and neither the Company
nor
its predecessors have waived any default, breach, violation or event of
acceleration;
(r) No
Mechanics’ Liens.
There
are no mechanics’ or similar liens or claims which have been filed for work,
labor or material (and no rights are outstanding that under the law could
give
rise to such liens) affecting the related Mortgaged Property which are or
may be
liens prior to, or equal or coordinate with, the lien of the related
Mortgage;
(s) Location
of Improvements; No Encroachments.
All
improvements which were considered in determining the Appraised Value of
the
Mortgaged Property lay wholly within the boundaries and building restriction
lines of the Mortgaged Property and no improvements on adjoining properties
encroach upon the Mortgaged Property. No improvement located on or being
part of
the Mortgaged Property is in violation of any applicable zoning law or
regulation;
(t) Origination;
Payment Terms.
The
Mortgage Loan was originated by either i) the Company, which is a FNMA-approved,
FHLMC-approved and HUD-approved mortgage banker, or ii) an entity that is
a
FNMA-approved, FHLMC-approved and HUD-approved mortgage banker, or a savings
and
loan association, a savings bank, a commercial bank or similar banking
institution which is supervised and examined by a Federal or state authority.
The interest rate on the related Mortgage Note is adjusted annually in the
case
of Treasury Rate Mortgage Loans and LIBOR Mortgage Loans on each Interest
Rate
Adjustment Date to equal the Index plus the Gross Margin, subject to the
Initial
Rate Cap, Periodic Rate Cap and the Lifetime Mortgage Interest Rate Cap as
set
forth in the Mortgage Note. The Mortgage Interest Rate for a 5/1 ARM Mortgage
Loan and a 3/1 ARM Mortgage Loan is adjusted annually commencing from and
after
the sixtieth Monthly Payment and the thirty-sixth Monthly Payment, respectively,
in the same manner as a Treasury Rate Mortgage Loan and LIBOR Mortgage Loan,
provided, however, that the Periodic Rate Cap does not apply to the initial
Interest Rate Adjustment Date for such 5/1 ARM Mortgage Loan (the Initial
Rate
Cap does apply). The Mortgage Note is payable each month in monthly installments
of principal and interest, with interest in arrears, and requires Monthly
Payments sufficient to amortize the original principal balance of the Mortgage
Loan over a term of no more than 30 years. Each Convertible Mortgage Loan
contains a provision whereby the Mortgagor is permitted to convert the Mortgage
Loan to a fixed-rate mortgage loan at any time between the first and fifth
anniversary of the origination of the Mortgage Loan. No Mortgage Loan has
a
provision for negative amortization;
(u) Customary
Provisions.
The
Mortgage contains customary and enforceable provisions such as to render
the
rights and remedies of the holder thereof adequate for the realization against
the Mortgaged Property of the benefits of the security provided thereby,
including, (i) in the case of a Mortgage designated as a deed of trust, by
trustee’s sale, and (ii) otherwise by judicial foreclosure. Upon default by a
Mortgagor on a Mortgage Loan and foreclosure on, or trustee’s sale of, the
Mortgaged Property pursuant to the proper procedures, the holder of the Mortgage
Loan will be able to deliver good and merchantable title to the Mortgaged
Property. There is no homestead or other exemption available to a Mortgagor
which would interfere with the right to sell the Mortgaged Property at a
trustee’s sale or the right to foreclose the Mortgage;
(v) Conformance
with Underwriting Guidelines.
The
Mortgage Loan was underwritten in accordance with the Company’s Underwriting
Guidelines in effect at the time the Mortgage Loan was originated.;
(w) Occupancy
of the Mortgaged Property.
As of
the related Closing Date the Mortgaged Property is lawfully occupied under
applicable law. All inspections, licenses and certificates required to be
made
or issued with respect to all occupied portions of the Mortgaged Property
and,
with respect to the use and occupancy of the same, including but not limited
to
certificates of occupancy and fire underwriting certificates, have been made
or
obtained from the appropriate authorities. The Mortgagor represented at the
time
of origination of the Mortgage Loan that the Mortgagor would occupy the
Mortgaged Property as the Mortgagor’s primary residence;
(x) No
Additional Collateral.
The
Mortgage Note is not and has not been secured by any collateral except the
lien
of the corresponding Mortgage and the security interest of any applicable
security agreement or chattel mortgage referred to in (j) above;
(y) Deeds
of Trust.
In the
event the Mortgage constitutes a deed of trust, a trustee, duly qualified
under
applicable law to serve as such, has been properly designated and currently
so
serves and is named in the Mortgage, and no fees or expenses are or will
become
payable by the Purchasers to the trustee under the deed of trust, except
in
connection with a trustee’s sale after default by the Mortgagor;
(z) Acceptable
Investment.
The
Company has no knowledge of any circumstances or conditions with respect
to the
Mortgage, the Mortgaged Property, the Mortgagor or the Mortgagor’s credit
standing that can reasonably be expected to cause private institutional
investors to regard the Mortgage Loan as an unacceptable investment, cause
the
Mortgage Loan to become delinquent, or adversely affect the value or
marketability of the Mortgage Loan;
(aa) Delivery
of Mortgage Documents.
The
Mortgage Note, the Mortgage, the Assignment of Mortgage and any other documents
required to be delivered for the Mortgage Loan by the Company under this
Agreement as set forth in Exhibit
C
attached
hereto have been delivered to the Custodian. The Company is in possession
of a
complete, true and accurate Mortgage File in compliance with Exhibit
B,
except
for such documents the originals of which have been delivered to the
Custodian;
(bb) Condominiums/Planned
Unit Developments.
If the
Mortgaged Property is a condominium unit or a planned unit development (other
than a de minimus planned unit development) such condominium or planned unit
development project meets Company’s Underwriting Guidelines with respect to such
condominium or planned unit development;
(cc) Transfer
of Mortgage Loans.
The
Assignment of Mortgage is in recordable form and is acceptable for recording
under the laws of the jurisdiction in which the Mortgaged Property is
located;
(dd) Due
on
Sale.
The
Mortgage contains an enforceable provision for the acceleration of the payment
of the unpaid principal balance of the Mortgage Loan in the event that the
Mortgaged Property is sold or transferred without the prior written consent
of
the Mortgagor thereunder;
(ee) No
Buydown Provisions; No Graduated Payments or Contingent
Interests.
The
Mortgage Loan does not contain provisions pursuant to which Monthly Payments
are
paid or partially paid with funds deposited in any separate account established
by the Company, the Mortgagor or anyone on behalf of the Mortgagor, or paid
by
any source other than the Mortgagor nor does it contain any other similar
provisions currently in effect which may constitute a “buydown” provision. The
Mortgage Loan is not a graduated payment mortgage loan and the Mortgage Loan
does not have a shared appreciation or other contingent interest
feature;
(ff) Consolidation
of Future Advances.
Any
future advances made prior to the related Cut-off Date have been consolidated
with the outstanding principal amount secured by the Mortgage, and the secured
principal amount, as consolidated, bears a single interest rate and single
repayment term. The lien of the Mortgage securing the consolidated principal
amount is expressly insured as having first lien priority by a title insurance
policy, an endorsement to the policy insuring the mortgagee’s consolidated
interest or by other title evidence acceptable to Xxxxxx Xxx and Xxxxxxx
Mac.
The consolidated principal amount does not exceed the original principal
amount
of the Mortgage Loan;
(gg) Mortgaged
Property Undamaged.
There
is no proceeding pending or, to the best of the Company’s knowledge, threatened
for the total or partial condemnation of the Mortgaged Property. The Mortgaged
Property is undamaged by waste, fire, earthquake or earth movement, windstorm,
flood, tornado or other casualty so as to affect adversely the value of the
Mortgaged Property as security for the Mortgage Loan or the use for which
the
premises were intended; and
(hh) Collection
Practices; Escrow Deposits.
The
origination, servicing and collection practices used with respect to the
Mortgage Loan have been in accordance with Accepted Servicing Practices,
and
have been in all respects in compliance with all applicable laws and
regulations. With respect to escrow deposits and Escrow Payments, all such
payments are in the possession of the Company and there exist no deficiencies
in
connection therewith for which customary arrangements for repayment thereof
have
not been made. All Escrow Payments have been collected in full compliance
with
state and federal law. An escrow of funds is not prohibited by applicable
law
and has been established in an amount sufficient to pay for every item which
remains unpaid and which has been assessed but is not yet due and payable.
No
escrow deposits or Escrow Payments or other charges or payments due the Company
have been capitalized under the Mortgage or the Mortgage Note. All
Mortgage Interest Rate adjustments have been made in strict compliance with
state and federal law and the terms of the related Mortgage Note. Any interest
required to be paid pursuant to state and local law has been properly paid
and
credited;
(ii) Appraisal.
The
Mortgage File contains an appraisal of the related Mortgage Property signed
prior to the approval of the Mortgage Loan application by a qualified appraiser,
duly appointed by the Company, who had no interest, direct or indirect in
the
Mortgaged Property or in any loan made on the security thereof; and whose
compensation is not affected by the approval or disapproval of the Mortgage
Loan, and the appraisal and appraiser both satisfy the requirements of Xxxxxx
Xxx, Xxxxxxx Mac or Title XI of the Federal Institutions Reform, Recovery,
and Enforcement Act of 1989 and the regulations promulgated thereunder, all
as
in effect on the date the Mortgage Loan was originated;
(jj) Soldiers’
and Sailors’ Relief Act.
The
Mortgagor has not notified the Company, and the Company has no knowledge
of any
relief requested or allowed to the Mortgagor under the Soldiers’ and Sailors’
Civil Relief Act of 1940;
(kk) Environmental
Matters.
The
Mortgaged Property is free from any and all toxic or hazardous substances
and
there exists no violation of any local, state or federal environmental law,
rule
or regulation. To the best of the Company’s knowledge, there is no pending
action or proceeding directly involving any Mortgaged Property of which the
Company is aware in which compliance with any environmental law, rule or
regulation is an issue; and to the best of the Company’s knowledge, nothing
further remains to be done to satisfy in full all requirements of each such
law,
rule or regulation consisting a prerequisite to use and enjoyment of said
property;
(ll) No
Construction Loans.
No
Mortgage Loan was made in connection with (i) the construction or rehabilitation
of a Mortgaged Property or (ii) facilitating the trade-in or exchange of
a
Mortgaged Property;
(mm) Insurance.
The
Company has caused or will cause to be performed any and all acts required
to
preserve the rights and remedies of the Purchaser in any insurance policies
applicable to the Mortgage Loans including, without limitation, any necessary
notifications of insurers, assignments of policies or interests therein,
and
establishments of coinsured, joint loss payee and mortgagee rights in favor
of
the Purchaser; No action, inaction, or event has occurred and no state of
fact
exists or has existed that has resulted or will result in the exclusion from,
denial of, or defense to coverage under any applicable pool insurance policy,
special hazard insurance policy, PMI Policy or bankruptcy bond, irrespective
of
the cause of such failure of coverage. In connection with the placement of
any
such insurance, no commission, fee, or other compensation has been or will
be
received by the Company or any designee of the Company or any corporation
in
which the Company or any officer, director, or employee had a financial interest
at the time of placement of such insurance;
(nn) Regarding
the Mortgagor.
The
Mortgagor is one or more natural persons and/or trustees for an Illinois
land
trust or a trustee under a “living trust” and such “living trust” is in
compliance with Xxxxxx Xxx guidelines for such trusts.
(oo) Predatory
Lending Regulations; High Cost Loans.
None of
the Mortgage Loans are classified as (a) “high cost” loans under the Home
Ownership and Equity Protection Act of 1994 or (b) “high cost,” “threshold,” or
“predatory” loans under any other applicable state, federal or local
law.
(pp) Simple
Interest Mortgage Loans.
None of
the Mortgage Loans are simple interest Mortgage Loans.
(qq) Single
Premium Credit Life Insurance.
None of
the proceeds of the Mortgage Loan were used to finance single-premium credit
life insurance policies.
(rr) Tax
Service Contract
The
Company has obtained a life of loan, transferable real estate Tax Service
Contract on each Mortgage Loan and such contract is assignable without penalty,
premium or cost to the Purchaser;
(ss) Flood
Certification Contract.
The
Company has obtained a life of loan, transferable flood certification contract
with a Approved Flood Certification Provider for each Mortgage Loan and such
contract is assignable without penalty, premium or cost to the
Purchaser;
(tt) FICO
Scores.
Each
Mortgage Loan has a non-zero FICO score;
(uu) Prepayment
Fee.
With
respect to each Mortgage Loan that has a prepayment fee feature, each such
prepayment fee is enforceable and will be enforced by the Company, and each
prepayment penalty in permitted pursuant to federal, state and local law.
No
Mortgage Loan will impose a prepayment penalty for a term in excess of five
years from the date such Mortgage Loan was originated. Except as otherwise
set
forth in the related Mortgage Loan Schedule, with respect to each Mortgage
Loan
that contains a prepayment fee, such prepayment fee is at least equal to
the
lesser of (A) the maximum amount permitted under applicable law and (B) six
months interest at the related Mortgage Interest Rate on the amount prepaid
in
excess of 20% of the original principal balance of such Mortgage Loan;
and
(vv) Recordation.
Each
original Mortgage was recorded and, except for those Mortgage Loans subject
to
the MERS identification system, all subsequent assignments of the original
Mortgage (other than the assignment to the Purchaser) have been recorded
in the
appropriate jurisdictions wherein such recordation is necessary to perfect
the
lien thereof as against creditors of the Company, or is in the process of
being
recorded;
(ww) Leaseholds.If
the
Mortgaged Property is subject to a ground lease or any other type of leasehold
interest, the ground lease or other leasehold interest exceeds the remaining
term of the related Mortgage Loan.
Section 3.03 |
Remedies
for Breach of Representations and Warranties.
|
It
is
understood and agreed that the representations and warranties set forth in
Sections 3.01 and 3.02 shall survive the sale of the Mortgage Loans to the
Purchaser and the delivery of the Mortgage Loan Documents to the Custodian
and
shall inure to the benefit of the Purchaser, notwithstanding any restrictive
or
qualified endorsement on any Mortgage Note or Assignment of Mortgage or the
examination or failure to examine any Mortgage File. Upon discovery by either
the Company or the Purchaser of a breach of any of the foregoing representations
and warranties which materially and adversely affects the value of the Mortgage
Loans or the interest of the Purchaser, or which materially and adversely
affects the interests of Purchaser in the related Mortgage Loan in the case
of a
representation and warranty relating to a particular Mortgage Loan (in the
case
of any of the foregoing, a “Breach”),
the
party discovering such Breach shall give prompt written notice to the other.
With
respect to those representations and warranties which are made to the best
of
the Company’s knowledge, if it is discovered by the Company or the Purchaser
that the substance of such representation and warranty is inaccurate and
such
inaccuracy materially and adversely affects the value of the related Mortgage
Loan or the interest of the Purchaser (or which materially and adversely
affects
the value of a Mortgage Loan or the interests of the Purchaser in the related
Mortgage Loan in the case of a representation and warranty relating to a
particular Mortgage Loan), notwithstanding the Company’s lack of knowledge with
respect to the substance of such representation and warranty, such inaccuracy
shall be deemed a breach of the applicable representation and
warranty.
Within
60
days of the earlier of either discovery by or notice to the Company of any
Breach of a representation or warranty, the Company shall use its best efforts
promptly to cure such Breach in all material respects and, if such Breach
cannot
be cured, the Company shall, at the Purchaser’s option and subject to Section
3.06, repurchase such Mortgage Loan at the Repurchase Price. In the event
that a
Breach shall involve any representation or warranty set forth in Section
3.01,
and such Breach cannot be cured within 60 days of the earlier of either
discovery by or notice to the Company of such Breach, all of the Mortgage
Loans
shall, at the Purchaser’s option and subject to Section 3.06, be repurchased by
the Company at the Repurchase Price. However, if the Breach shall involve
a
representation or warranty set forth in Section 3.02 and the Company discovers
or receives notice of any such Breach within 120 days of the related Closing
Date, the Company shall, at the Purchaser’s option and provided that the Company
has a Qualified Substitute Mortgage Loan, rather than repurchase the Mortgage
Loan as provided above, remove such Mortgage Loan (a “Deleted
Mortgage Loan”)
and
substitute in its place a Qualified Substitute Mortgage Loan or Loans, provided
that any such substitution shall be effected not later than 120 days after
the
related Closing Date. If the Company has no Qualified Substitute Mortgage
Loan,
it shall repurchase the deficient Mortgage Loan. Any repurchase of a Mortgage
Loan or Loans pursuant to the foregoing provisions of this Section 3.03 shall
be
accomplished by deposit in the Custodial Account of the amount of the Repurchase
Price for distribution to Purchaser on the next scheduled Remittance Date,
after
deducting therefrom any amount received in respect of such repurchased Mortgage
Loan or Loans and being held in the Custodial Account for future
distribution.
At
the
time of repurchase or substitution, the Purchaser and the Company shall arrange
for the reassignment of the Deleted Mortgage Loan to the Company and the
delivery to the Company of any documents held by the Custodian relating to
the
Deleted Mortgage Loan. In the event of a repurchase or substitution, the
Company
shall, simultaneously with such reassignment, give written notice to the
Purchaser that such repurchase or substitution has taken place, amend the
related Mortgage Loan Schedule to reflect the withdrawal of the Deleted Mortgage
Loan from this Agreement, and, in the case of substitution, identify a Qualified
Substitute Mortgage Loan and amend the related Mortgage Loan Schedule to
reflect
the addition of such Qualified Substitute Mortgage Loan to this Agreement.
In
connection with any such substitution, the Company shall be deemed to have
made
as to such Qualified Substitute Mortgage Loan the representations and warranties
set forth in this Agreement except that all such representations and warranties
set forth in this Agreement shall be deemed made as of the date of such
substitution. The Company shall effect such substitution by delivering to
the
Custodian for such Qualified Substitute Mortgage Loan the documents required
by
Section 2.03, with the Mortgage Note endorsed as required by Section 2.03.
No
substitution will be made in any calendar month after the Determination Date
for
such month. The Company shall deposit in the Custodial Account the Monthly
Payment less the Servicing Fee due on such Qualified Substitute Mortgage
Loan or
Loans in the month following the date of such substitution. Monthly Payments
due
with respect to Qualified Substitute Mortgage Loans in the month of substitution
shall be retained by the Company. For the month of substitution, distributions
to Purchaser shall include the Monthly Payment due on any Deleted Mortgage
Loan
in the month of substitution, and the Company shall thereafter be entitled
to
retain all amounts subsequently received by the Company in respect of such
Deleted Mortgage Loan.
For
any
month in which the Company substitutes a Qualified Substitute Mortgage Loan
for
a Deleted Mortgage Loan, the Company shall determine the amount (if any)
by
which the aggregate principal balance of all Qualified Substitute Mortgage
Loans
as of the date of substitution is less than the aggregate Stated Principal
Balance of all Deleted Mortgage Loans (after application of scheduled principal
payments due in the month of substitution). The amount of such shortfall
shall
be distributed by the Company in the month of substitution pursuant to Section
5.01. Accordingly, on the date of such substitution, the Company shall deposit
from its own funds into the Custodial Account an amount equal to the amount
of
such shortfall.
Any
cause
of action against the Company relating to or arising out of the Breach of
any
representations and warranties made in Sections 3.01 and 3.02 shall accrue
as to
any Mortgage Loan upon (i) discovery of such Breach by the Purchaser or notice
thereof by the Company to the Purchaser, (ii) failure by the Company to cure
such Breach or repurchase such Mortgage Loan as specified above, and (iii)
demand upon the Company by the Purchaser for compliance with this
Agreement.
Section 3.04 |
Indemnification.
|
The
Company agrees to indemnify the Purchaser and hold it harmless from and against
any and all claims, losses, damages, penalties, fines, forfeitures, legal
fees
and related costs, judgments, and any other costs, fees and expenses that
the
Purchaser may sustain in any way related any assertion based on, grounded
upon
resulting from a Breach of any of the Company’s representations and warranties
contained herein. In addition to the obligations of the Company set forth
in
this Section 3.04, the Purchaser may pursue any and all remedies otherwise
available at law or in equity, including, but not limited to, the right to
seek
damages. The provisions of this Section 3.04 shall survive termination of
this
Agreement.
It
is
understood and agreed that the obligations of the Company set forth in Sections
3.03 and 3.04 to cure, substitute for or repurchase a defective Mortgage
Loan
and to indemnify the Purchaser constitute the sole remedies of the Purchaser
respecting a Breach of the foregoing representations and
warranties.
Section 3.05 |
Repurchase
Upon Conversion.
|
In
the
event the Mortgagor under any Convertible Mortgage Loan elects to convert
said
Mortgage Loan to a fixed rate mortgage loan, as provided in the related Mortgage
Note, then the Company shall repurchase the related Mortgage Loan in the
month
the conversion takes place and in the manner prescribed in Section 3.04 at
the
Repurchase Price.
Section 3.06 |
Restrictions
and Requirements Applicable in the
Event
|
that
a
Mortgage Loan is Acquired by a REMIC
In
the
event that any Mortgage Loan is held by a REMIC, notwithstanding any contrary
provision of this Agreement, the following provisions shall be applicable
to
such Mortgage Loan:
(A) |
Repurchase
of Mortgage Loans.
|
With
respect to any Mortgage Loan that is not in default or as to which no default
is
imminent, no repurchase or substitution pursuant to Subsection 3.03, 3.05,
3.07
or 7.02 shall be made, unless, if so required by the applicable REMIC Documents
the Company has obtained an Opinion of Counsel to the effect that such
repurchase will not (i) result in the imposition of taxes on “prohibited
transactions” of such REMIC (as defined in Section 860F of the Code) or
otherwise subject the REMIC to tax, or (ii) cause the REMIC to fail to qualify
as a REMIC at any time.
(B) |
General
Servicing Obligations.
|
The
Company shall sell any REO Property within two years after its acquisition
by
the REMIC unless (i) the Company applies for an extension of such two-year
period from the Internal Revenue Service pursuant to the REMIC Provisions
and
Code Section 856(e)(3), in which event such REO Property shall be sold within
the applicable extension period, or (ii) the Company obtains for the Purchaser
an Opinion of Counsel, addressed to the Purchaser and the Company, to the
effect
that the holding by the REMIC of such REO Property subsequent to such two
year
period will not result in the imposition of taxes on “prohibited transactions”
as defined in Section 860F of the Code or cause the REMIC to fail to qualify
as
a REMIC under the REMIC Provisions or comparable provisions of relevant state
laws at any time. The Company shall manage, conserve, protect and operate
each
REO Property for the Purchaser solely for the purpose of its prompt disposition
and sale in a manner which does not cause such REO Property to fail to qualify
as “foreclosure property” within the meaning of Section 860G(a)(8) or result in
the receipt by the REMIC of any “income from non-permitted assets” within the
meaning of Section 860F(a)(2)(B) of the Code or any “net income from foreclosure
property” which is subject to taxation under Section 860G(a)(1) of the Code.
Pursuant to its efforts to sell such REO Property, the Company shall either
itself or through an agent selected by the Company protect and conserve such
REO
Property in the same manner and to such extent as is customary in the locality
where such REO Property is located and may, incident to its conservation
and
protection of the interests of the Purchaser, rent the same, or any part
thereof, as the Company deems to be in the best interest of the Company and
the
Purchaser for the period prior to the sale of such REO Property; provided,
however, that any rent received or accrued with respect to such REO Property
qualifies as “rents from real property” as defined in Section 856(d) of the
Code.
(C) |
Additional
Covenants.
|
In
addition to the provision set forth in this Section 3.06, if a REMIC election
is
made with respect to the arrangement under which any of the Mortgage Loans
or
REO Properties are held, then, with respect to such Mortgage Loans and/or
REO
Properties, and notwithstanding the terms of this Agreement, the Company
shall
not take any action, cause the REMIC to take any action or fail to take (or
fail
to cause to be taken) any action that, under the REMIC Provisions, if taken
or
not taken, as the case may be, could (i) endanger the status of the REMIC
as a
REMIC or (ii) result in the imposition of a tax upon the REMIC (including
but
not limited to the tax on “prohibited transactions” as defined in Section
860F(a)(2) of the Code and the tax on “contributions” to a REMIC set forth in
Section 860G(d) of the Code) unless the Company has received an Opinion of
Counsel (at the expense of the party seeking to take such action) to the
effect
that the contemplated action will not endanger such REMIC status or result
in
the imposition of any such tax.
If
a
REMIC election is made with respect to the arrangement under which any Mortgage
Loans or REO Properties are held, the Company shall amend this Agreement
such
that it will meet all Rating Agency requirements.
Section 3.07 |
Review
of Mortgage Loans
|
From
the
related Closing Date until the date 15 days after the related Closing Date,
the
Purchaser shall have the right to review the Mortgage Files and obtain BPOs
and
other property evaluations on the Mortgaged Properties relating to the Mortgage
Loans purchased on the related Closing Date, with the results of such BPO
or
property evaluation reviews to be communicated to the Company for a period
up to
15 days after the related Closing Date. In addition, the Purchaser shall
have
the right to reject any Mortgage Loan which in the Purchaser’s sole
determination (i) fails to conform to the Underwriting Guidelines, (ii) the
value of the Mortgaged Property pursuant to any BPO or property evaluation
varies by more than plus or minus 15% from the lesser of (A) the original
appraised value of the Mortgage Property or (B) the purchase price of the
Mortgaged Property as of the date of origination (a “Value
Issue”),
(iii)
the Mortgage Loan is underwritten without verification of the Borrower’s income
and assets and there is no credit report and credit score or (iv) the Purchaser
deems the Mortgage Loan not to be an acceptable credit risk. The Company
shall
repurchase the rejected Mortgage Loan in the manner prescribed in Section
3.03
upon receipt of notice from the Purchaser of the rejection of such Mortgage
Loan; provided, that, in the event that the Purchaser rejects a Mortgage
Loan
due to a Value Issue, the Company may submit to the Purchaser an additional
property evaluation for purposes of demonstrating that the Mortgage Loan
does
not have a Value Issue. If the Purchaser and the Company fail to resolve
such
Value Issue within two weeks of the Purchaser presenting such Value Issue
to the
Company, then Company shall have the right to promptly (a) substitute such
Mortgage Loan with a Qualified Substitute Mortgage Loan meeting all the terms
hereof, or (b) repurchase such Mortgage Loan in the manner prescribed in
Section
3.03. Any rejected Mortgage Loan shall be removed from the terms of this
Agreement. The Company shall make available all files required by Purchaser
in
order to complete its review, including capturing all CRA/HMDA required data
fields. Any review performed by the Purchaser prior to the related Closing
Date
does not limit the Purchaser’s rights or the Company’s obligations under this
section. To the extent that the Purchaser’s review discloses that the Mortgage
Loans do not conform to the Underwriting Guidelines or the terms set forth
in
the Purchaser Price and Terms Letter, the Purchaser may in its sole discretion
increase its due diligence review and obtain additional BPO’s or other property
evaluations. The additional review may be for any reason including but not
limited to credit quality, property valuations, and data integrity.
ARTICLE
IV
ADMINISTRATION
AND SERVICING OF MORTGAGE LOANS
Section 4.01 |
Company
to Act as Servicer.
|
The
Company shall service and administer the Mortgage Loans and shall have full
power and authority, acting alone, to do any and all things in connection
with
such servicing and administration which the Company may deem necessary or
desirable, consistent with the terms of this Agreement and with Accepted
Servicing Practices.
Consistent
with the terms of this Agreement, the Company may waive, modify or vary any
term
of any Mortgage Loan or consent to the postponement of strict compliance
with
any such term or in any manner grant indulgence to any Mortgagor if in the
Company’s reasonable and prudent determination such waiver, modification,
postponement or indulgence is not materially adverse to the Purchasers,
provided, however, that the Company shall not make any future advances with
respect to a Mortgage Loan and (unless the Mortgagor is in default with respect
to the Mortgage Loan or such default is, in the judgment of the Company,
imminent and the Company has obtained the prior written consent of the
Purchaser) the Company shall not permit any modification of any material
term of
any Mortgage Loan including any modifications that would change the Mortgage
Interest Rate change the Index, Lifetime Mortgage Interest Rate Cap, Initial
Rate Cap or Gross Margin of any Mortgage Loan, defer or forgive the payment
of
principal or interest, reduce or increase the outstanding principal balance
(except for actual payments of principal) or change the final maturity date
on
such Mortgage Loan. In the event of any such modification which permits the
deferral of interest or principal payments on any Mortgage Loan, the Company
shall, on the Business Day immediately preceding the Remittance Date in any
month in which any such principal or interest payment has been deferred,
deposit
in the Custodial Account from its own funds, in accordance with Section 5.03,
the difference between (a) such month’s principal and one month’s interest at
the Mortgage Loan Remittance Rate on the unpaid principal balance of such
Mortgage Loan and (b) the amount paid by the Mortgagor. The Company shall
be
entitled to reimbursement for such advances to the same extent as for all
other
advances made pursuant to Section 5.03. Without limiting the generality of
the
foregoing, the Company shall continue, and is hereby authorized and empowered,
to execute and deliver on behalf of itself and the Purchasers, all instruments
of satisfaction or cancellation, or of partial or full release, discharge
and
all other comparable instruments, with respect to the Mortgage Loans and
with
respect to the Mortgaged Properties. If reasonably required by the Company,
the
Purchaser shall furnish the Company with any powers of attorney and other
documents necessary or appropriate to enable the Company to carry out its
servicing and administrative duties under this Agreement.
In
servicing and administering the Mortgage Loans, the Company shall employ
procedures (including collection procedures) and exercise the same care that
it
customarily employs and exercises in servicing and administering mortgage
loans
for its own account, giving due consideration to Accepted Servicing Practices
where such practices do not conflict with the requirements of this Agreement,
and the Purchaser’s reliance on the Company.
The
Mortgage Loans may be subserviced by the Subservicer on behalf of the Company
provided that the Subservicer is a Xxxxxx Xxx-approved lender or a Xxxxxxx
Mac
seller/servicer in good standing, and no event has occurred, including but
not
limited to a change in insurance coverage, which would make it unable to
comply
with the eligibility requirements for lenders imposed by Xxxxxx Xxx or for
seller/servicers imposed by Xxxxxxx Mac, or which would require notification
to
Xxxxxx Xxx or Xxxxxxx Mac. The Company may perform any of its servicing
responsibilities hereunder or may cause the Subservicer to perform any such
servicing responsibilities on its behalf, but the use by the Company of the
Subservicer shall not release the Company from any of its obligations hereunder
and the Company shall remain responsible hereunder for all acts and omissions
of
the Subservicer as fully as if such acts and omissions were those of the
Company. The Company shall pay all fees and expenses of the Subservicer from
its
own funds, and the Subservicer’s fee shall not exceed the Servicing
Fee.
At
the
cost and expense of the Company, without any right of reimbursement from
the
Custodial Account, the Company shall be entitled to terminate the rights
and
responsibilities of the Subservicer and arrange for any servicing
responsibilities to be performed by a successor Subservicer meeting the
requirements in the preceding paragraph, provided, however, that nothing
contained herein shall be deemed to prevent or prohibit the Company, at the
Company’s option, from electing to service the related Mortgage Loans itself. In
the event that the Company’s responsibilities and duties under this Agreement
are terminated pursuant to Section 9.04, 10.01 or 11.02, and if requested
to do
so by the Purchaser, the Company shall at its own cost and expense terminate
the
rights and responsibilities of the Subservicer as soon as is reasonably
possible. The Company shall pay all fees, expenses or penalties necessary
in
order to terminate the rights and responsibilities of the Subservicer from
the
Company’s own funds without reimbursement from the Purchaser.
Notwithstanding
any of the provisions of this Agreement relating to agreements or arrangements
between the Company and the Subservicer or any reference herein to actions
taken
through the Subservicer or otherwise, the Company shall not be relieved of
its
obligations to the Purchaser and shall be obligated to the same extent and
under
the same terms and conditions as if it alone were servicing and administering
the Mortgage Loans. The Company shall be entitled to enter into an agreement
with the Subservicer for indemnification of the Company by the Subservicer
and
nothing contained in this Agreement shall be deemed to limit or modify such
indemnification.
Any
Subservicing Agreement and any other transactions or services relating to
the
Mortgage Loans involving the Subservicer shall be deemed to be between the
Subservicer and Company alone, and the Purchaser shall have no obligations,
duties or liabilities with respect to the Subservicer including no obligation,
duty or liability of Purchaser to pay the Subservicer’s fees and expenses. For
purposes of distributions and advances by the Company pursuant to this
Agreement, the Company shall be deemed to have received a payment on a Mortgage
Loan when the Subservicer has received such payment.
Section 4.02 |
Liquidation
of Mortgage Loans.
|
In
the
event that any payment due under any Mortgage Loan and not postponed pursuant
to
Section 4.01 is not paid when the same becomes due and payable, or in the
event
the Mortgagor fails to perform any other covenant or obligation under the
Mortgage Loan and such failure continues beyond any applicable grace period,
the
Company shall take such action as (1) the Company would take under similar
circumstances with respect to a similar mortgage loan held for its own account
for investment, (2) shall be consistent with Accepted Servicing Practices,
(3)
the Company shall determine prudently to be in the best interest of Purchaser,
and (4) is consistent with any related PMI Policy. In the event that any
payment
due under any Mortgage Loan is not postponed pursuant to Section 4.01 and
remains delinquent for a period of 90 days or any other default continues
for a
period of 90 days beyond the expiration of any grace or cure period, the
Company
shall commence foreclosure proceedings, provided that, prior to commencing
foreclosure proceedings, the Company shall notify the Purchaser in writing
of
the Company’s intention to do so, and the Company shall not commence foreclosure
proceedings if the Purchaser objects to such action within 10 Business Days
of
receiving such notice. In the event the Purchaser objects to such foreclosure
action, the Company shall not be required to make Monthly Advances with respect
to such Mortgage Loan, pursuant to Section 5.03, and the Company’s obligation to
make such Monthly Advances shall terminate on the 90th day referred to above.
In
such connection, the Company shall from its own funds make all necessary
and
proper Servicing Advances, provided, however, that the Company shall not
be
required to expend its own funds in connection with any foreclosure or towards
the restoration or preservation of any Mortgaged Property, unless it shall
determine (a) that such preservation, restoration and/or foreclosure will
increase the proceeds of liquidation of the Mortgage Loan to Purchaser after
reimbursement to itself for such expenses and (b) that such expenses will
be
recoverable by it either through Liquidation Proceeds (respecting which it
shall
have priority for purposes of withdrawals from the Custodial Account pursuant
to
Section 4.05) or through Insurance Proceeds (respecting which it shall have
similar priority).
Notwithstanding
anything to the contrary contained herein, in connection with a foreclosure
or
acceptance of a deed in lieu of foreclosure, in the event the Company has
reasonable cause to believe that a Mortgaged Property is contaminated by
hazardous or toxic substances or wastes, or if the Purchaser otherwise requests
an environmental inspection or review of such Mortgaged Property to be conducted
by a qualified inspector. Upon completion of the inspection, the Company
shall
promptly provide the Purchaser with a written report of the environmental
inspection.
After
reviewing the environmental inspection report, the Purchaser shall determine
how
the Company shall proceed with respect to the Mortgaged Property. In the
event
(a) the environmental inspection report indicates that the Mortgaged
Property is contaminated by hazardous or toxic substances or wastes and
(b) the Purchaser directs the Company to proceed with foreclosure or
acceptance of a deed in lieu of foreclosure, the Company shall be reimbursed
for
all costs associated with such foreclosure or acceptance of a deed in lieu
of
foreclosure and any related environmental clean up costs, as applicable,
from
the related Liquidation Proceeds, or if the Liquidation Proceeds are
insufficient to fully reimburse the Company, the Company shall be entitled
to be
reimbursed from amounts in the Custodial Account pursuant to Section 4.05
hereof. In the event the Purchaser directs the Company not to proceed with
foreclosure or acceptance of a deed in lieu of foreclosure, the Company shall
be
reimbursed for all Servicing Advances made with respect to the related Mortgaged
Property from the Custodial Account pursuant to Section 4.05
hereof.
Section 4.03 |
Collection
of Mortgage Loan Payments.
|
Continuously
from the date hereof until the principal and interest on all Mortgage Loans
are
paid in full, the Company shall proceed diligently to collect all payments
due
under each of the Mortgage Loans when the same shall become due and payable
and
shall take special care in ascertaining and estimating Escrow Payments and
all
other charges that will become due and payable with respect to the Mortgage
Loan
and the Mortgaged Property, to the end that the installments payable by the
Mortgagors will be sufficient to pay such charges as and when they become
due
and payable.
Section 4.04 |
Establishment
of and Deposits to Custodial Account.
|
The
Company shall segregate and hold all funds collected and received pursuant
to a
Mortgage Loan separate and apart from any of its own funds and general assets
and shall establish and maintain one or more Custodial Accounts, in the form
of
time deposit or demand accounts, titled “Countrywide Home Loans, Inc. in trust
for EMC Mortgage Corporation, as purchaser of Residential Adjustable Rate
Mortgage Loans and various Mortgagors”. The Custodial Account shall be
established with a Qualified Depository acceptable to the Purchaser. Any
funds
deposited in the Custodial Account shall at all times be fully insured to
the
full extent permitted under applicable law. Funds deposited in the Custodial
Account may be drawn on by the Company in accordance with Section 4.05. The
creation of any Custodial Account shall be evidenced by a certification in
the
form of Exhibit
D-1
hereto,
in the case of an account established with the Company, or by a letter agreement
in the form of Exhibit
D-2
hereto,
in the case of an account held by a depository other than the Company. A
copy of
such certification or letter agreement shall be furnished to the Purchaser
and,
upon request, to any subsequent Purchaser.
The
Company shall deposit in the Custodial Account within two Business Days of
receipt, and retain therein, the following collections received by the Company
and payments made by the Company after the related Cut-off Date, (other than
payments of principal and interest due on or before the related Cut-off Date,
or
received by the Company prior to the related Cut-off Date but allocable to
a
period subsequent thereto or with respect to each LPMI Loan, in the amount
of
the LPMI Fee):
(i) all
payments on account of principal on the Mortgage Loans, including all Principal
Prepayments;
(ii) all
payments on account of interest on the Mortgage Loans adjusted to the Mortgage
Loan Remittance Rate;
(iii) all
Liquidation Proceeds;
(iv) all
Insurance Proceeds including amounts required to be deposited pursuant to
Section 4.10, Section 4.11, Section 4.14 and Section 4.15;
(v) all
Condemnation Proceeds which are not applied to the restoration or repair
of the
Mortgaged Property or released to the Mortgagor in accordance with Section
4.14;
(vi) any
amount required to be deposited in the Custodial Account pursuant to Section
4.01, 4.09, 5.03, 6.01 or 6.02;
(vii) any
amounts payable in connection with the repurchase of any Mortgage Loan pursuant
to Section 3.03, 3.05 or 3.07 and all amounts required to be deposited by
the
Company in connection with a shortfall in principal amount of any Qualified
Substitute Mortgage Loan pursuant to Section 3.03;
(viii) with
respect to each Principal Prepayment in full or in part, the Prepayment Interest
Shortfall Amount, if any, for the month of distribution. Such deposit shall
be
made from the Company’s own funds, without reimbursement therefor up to a
maximum amount per month of the Servicing Fee actually received for such
month
for the Mortgage Loans;
(ix) any
amounts required to be deposited by the Company pursuant to Section 4.11
in
connection with the deductible clause in any blanket hazard insurance policy;
and
(x) any
amounts received with respect to or related to any REO Property and all REO
Disposition Proceeds pursuant to Section 4.16.
The
foregoing requirements for deposit into the Custodial Account shall be
exclusive, it being understood and agreed that, without limiting the generality
of the foregoing, payments in the nature of late payment charges and assumption
fees, to the extent permitted by Section 6.01, need not be deposited by the
Company into the Custodial Account. Any interest paid on funds deposited
in the
Custodial Account by the depository institution shall accrue to the benefit
of
the Company and the Company shall be entitled to retain and withdraw such
interest from the Custodial Account pursuant to Section 4.05.
Section 4.05 |
Permitted
Withdrawals From Custodial Account.
|
The
Company shall, from time to time, withdraw funds from the Custodial Account
for
the following purposes:
(i) to
make
payments to the Purchaser in the amounts and in the manner provided for in
Section 5.01;
(ii) to
reimburse itself for Monthly Advances of the Company’s funds made pursuant to
Section 5.03, the Company’s right to reimburse itself pursuant to this subclause
(ii) being limited to amounts received on the related Mortgage Loan which
represent late payments of principal and/or interest respecting which any
such
advance was made, it being understood that, in the case of any such
reimbursement, the Company’s right thereto shall be prior to the rights of
Purchaser, except that, where the Company is required to repurchase a Mortgage
Loan pursuant to Section 3.03, 3.05, 3.07 or 6.02, the Company’s right to such
reimbursement shall be subsequent to the payment to the Purchaser of the
Repurchase Price pursuant to such sections and all other amounts required
to be
paid to the Purchaser with respect to such Mortgage Loan;
(iii) to
reimburse itself for unreimbursed Servicing Advances, and for any unpaid
Servicing Fees, the Company’s right to reimburse itself pursuant to this
subclause (iii) with respect to any Mortgage Loan being limited to related
Liquidation Proceeds, Condemnation Proceeds, Insurance Proceeds and such
other
amounts as may be collected by the Company from the Mortgagor or otherwise
relating to the Mortgage Loan, it being understood that, in the case of any
such
reimbursement, the Company’s right thereto shall be prior to the rights of
Purchaser except where the Company is required to repurchase a Mortgage Loan
pursuant to Section 3.03, 3.05, 3.07 or 6.02, in which case the Company’s right
to such reimbursement shall be subsequent to the payment to the Purchasers
of
the Repurchase Price pursuant to such sections and all other amounts required
to
be paid to the Purchasers with respect to such Mortgage Loan;
(iv) to
pay
itself interest on funds deposited in the Custodial Account;
(v) to
reimburse itself for expenses incurred and reimbursable to it pursuant to
Section 9.01;
(vi) to
pay
any amount required to be paid pursuant to Section 4.16 related to any REO
Property, it being understood that in the case of any such expenditure or
withdrawal related to a particular REO Property, the amount of such expenditure
or withdrawal from the Custodial Account shall be limited to amounts on deposit
in the Custodial Account with respect to the related REO Property;
(vii) to
clear
and terminate the Custodial Account upon the termination of this Agreement;
and
(viii) to
withdraw funds deposited in error.
In
the
event that the Custodial Account is interest bearing, on each Remittance
Date,
the Company shall withdraw all funds from the Custodial Account except for
those
amounts which, pursuant to Section 5.01, the Company is not obligated to
remit
on such Remittance Date. The Company may use such withdrawn funds only for
the
purposes described in this Section 4.05.
Section 4.06 |
Establishment
of and Deposits to Escrow Account.
|
The
Company shall segregate and hold all funds collected and received pursuant
to a
Mortgage Loan constituting Escrow Payments separate and apart from any of
its
own funds and general assets and shall establish and maintain one or more
Escrow
Accounts, in the form of time deposit or demand accounts, titled, “Countrywide
Home Loans, Inc., in trust for the EMC Mortgage Corporation, as purchaser
of
Residential Adjustable Rate Mortgage Loans and various Mortgagors”. The Escrow
Accounts shall be established with a Qualified Depository, in a manner which
shall provide maximum available insurance thereunder. Funds deposited in
the
Escrow Account may be drawn on by the Company in accordance with Section
4.07.
The creation of any Escrow Account shall be evidenced by a certification
in the
form of Exhibit
E-1
hereto,
in the case of an account established with the Company, or by a letter agreement
in the form of Exhibit
E-2
hereto,
in the case of an account held by a depository other than the Company. A
copy of
such certification shall be furnished to the Purchaser and, upon request,
to any
subsequent Purchaser.
The
Company shall deposit in the Escrow Account or Accounts within two Business
Days
of receipt, and retain therein:
(i) all
Escrow Payments collected on account of the Mortgage Loans, for the purpose
of
effecting timely payment of any such items as required under the terms of
this
Agreement; and
(ii) all
amounts representing Insurance Proceeds or Condemnation Proceeds which are
to be
applied to the restoration or repair of any Mortgaged Property.
The
Company shall make withdrawals from the Escrow Account only to effect such
payments as are required under this Agreement, as set forth in Section 4.07.
The
Company shall be entitled to retain any interest paid on funds deposited
in the
Escrow Account by the depository institution, other than interest on escrowed
funds required by law to be paid to the Mortgagor. To the extent required
by
law, the Company shall pay interest on escrowed funds to the Mortgagor
notwithstanding that the Escrow Account may be non-interest bearing or that
interest paid thereon is insufficient for such purposes.
Section 4.07 |
Permitted
Withdrawals From Escrow Account.
|
Withdrawals
from the Escrow Account or Accounts may be made by the Company
only:
(i) to
effect
timely payments of ground rents, taxes, assessments, water rates, mortgage
insurance premiums, condominium charges, fire and hazard insurance premiums
or
other items constituting Escrow Payments for the related Mortgage;
(ii) to
reimburse the Company for any Servicing Advances made by the Company pursuant
to
Section 4.08 with respect to a related Mortgage Loan, but only from amounts
received on the related Mortgage Loan which represent late collections of
Escrow
Payments thereunder;
(iii) to
refund
to any Mortgagor any funds found to be in excess of the amounts required
under
the terms of the related Mortgage Loan;
(iv) for
transfer to the Custodial Account and application to reduce the principal
balance of the Mortgage Loan in accordance with the terms of the related
Mortgage and Mortgage Note;
(v) for
application to restoration or repair of the Mortgaged Property in accordance
with the procedures outlined in Section 4.14;
(vi) to
pay to
the Company, or any Mortgagor to the extent required by law, any interest
paid
on the funds deposited in the Escrow Account;
(vii) to
clear
and terminate the Escrow Account on the termination of this Agreement;
and
(viii) to
withdraw funds deposited in error.
Section 4.08 |
Payment
of Taxes, Insurance and Other Charges.
|
With
respect to each Mortgage Loan, the Company shall maintain accurate records
reflecting the status of ground rents, taxes, assessments, water rates, sewer
rents, and other charges which are or may become a lien upon the Mortgaged
Property and the status of PMI Policy premiums and fire and hazard insurance
coverage and shall obtain, from time to time, all bills for the payment of
such
charges (including renewal premiums) and shall effect payment thereof prior
to
the applicable penalty or termination date, employing for such purpose deposits
of the Mortgagor in the Escrow Account which shall have been estimated and
accumulated by the Company in amounts sufficient for such purposes, as allowed
under the terms of the Mortgage. To the extent that a Mortgage does not provide
for Escrow Payments, the Company shall determine that any such payments are
made
by the Mortgagor at the time they first become due. The Company assumes full
responsibility for the timely payment of all such bills and shall effect
timely
payment of all such charges irrespective of each Mortgagor’s faithful
performance in the payment of same or the making of the Escrow Payments,
and the
Company shall make advances from its own funds to effect such
payments.
Section 4.09 |
Protection
of Accounts.
|
The
Company may transfer the Custodial Account or the Escrow Account to a different
Qualified Depository from time to time. Upon any such transfer, the Company
shall promptly notify the Purchaser and deliver to the Purchaser a Custodial
Account Certification or Escrow Account Certification (as applicable) in
the
form of Exhibit D-1 or E-1 to this agreement.
The
Company shall bear any expenses, losses or damages sustained by the Purchaser
because the Custodial Account and/or the Escrow Account are not demand deposit
accounts.
Amounts
on deposit in the Custodial Account and the Escrow Account may at the option
of
the Company be invested in Eligible Investments; provided that in the event
that
amounts on deposit in the Custodial Account or the Escrow Account exceed
the
amount fully insured by the FDIC (the “Insured
Amount”)
the
Company shall be obligated to invest the excess amount over the Insured Amount
in Eligible Investments on the same Business Day as such excess amount becomes
present in the Custodial Account or the Escrow Account. Any such Eligible
Investment shall mature no later than the Determination Date next following
the
date of such Eligible Investment, provided, however, that if such Eligible
Investment is an obligation of a Qualified Depository (other than the Company)
that maintains the Custodial Account or the Escrow Account, then such Eligible
Investment may mature on such Remittance Date. Any such Eligible Investment
shall be made in the name of the Company in trust for the benefit of the
Purchaser. All income on or gain realized from any such Eligible Investment
shall be for the benefit of the Company and may be withdrawn at any time
by the
Company. Any losses incurred in respect of any such investment shall be
deposited in the Custodial Account or the Escrow Account, by the Company
out of
its own funds immediately as realized.
Section 4.10 |
Maintenance
of Hazard Insurance.
|
The
Company shall cause to be maintained for each Mortgage Loan hazard insurance
such that all buildings upon the Mortgaged Property are insured by a generally
acceptable insurer rated A:VI or better in the current Best’s Key Rating Guide
(“Best’s”)
against loss by fire, hazards of extended coverage and such other hazards
as are
customary in the area where the Mortgaged Property is located, in an amount
which is at least equal to the lesser of (i) the replacement value of the
improvements securing such Mortgage Loan and (ii) the greater of (a) the
outstanding principal balance of the Mortgage Loan and (b) an amount such
that
the proceeds thereof shall be sufficient to prevent the Mortgagor or the
loss
payee from becoming a co-insurer.
If
a
Mortgaged Property is located in an area identified in the Federal Register
by
the Flood Emergency Management Agency as having special flood hazards (and
such
flood insurance has been made available) a flood insurance policy meeting
the
requirements of the current guidelines of the Federal Insurance Administration
is in effect with a generally acceptable insurance carrier rated A:VI or
better
in Best’s in an amount representing coverage equal to the lesser of (i) the
minimum amount required, under the terms of coverage, to compensate for any
damage or loss on a replacement cost basis (or the unpaid balance of the
mortgage if replacement cost coverage is not available for the type of building
insured) and (ii) the maximum amount of insurance which is available under
the
Flood Disaster Protection Act of 1973, as amended. If at any time during
the
term of the Mortgage Loan, the Company determines in accordance with applicable
law and pursuant to the Xxxxxx Xxx Guides that a Mortgaged Property is located
in a special flood hazard area and is not covered by flood insurance or is
covered in an amount less than the amount required by the Flood Disaster
Protection Act of 1973, as amended, the Company shall notify the related
Mortgagor that the Mortgagor must obtain such flood insurance coverage, and
if
said Mortgagor fails to obtain the required flood insurance coverage within
forty-five (45) days after such notification, the Company shall immediately
force place the required flood insurance on the Mortgagor’s behalf.
If
a
Mortgage is secured by a unit in a condominium project, the Company shall
verify
that the coverage required of the owner’s association, including hazard, flood,
liability, and fidelity coverage, is being maintained in accordance with
then
current Xxxxxx Mae requirements, and secure from the owner’s association its
agreement to notify the Company promptly of any change in the insurance coverage
or of any condemnation or casualty loss that may have a material effect on
the
value of the Mortgaged Property as security.
The
Company shall cause to be maintained on each Mortgaged Property earthquake
or
such other or additional insurance as may be required pursuant to such
applicable laws and regulations as shall at any time be in force and as shall
require such additional insurance, or pursuant to the requirements of any
private mortgage guaranty insurer, or as may be required to conform with
Accepted Servicing Practices.
In
the
event that any Purchaser or the Company shall determine that the Mortgaged
Property should be insured against loss or damage by hazards and risks not
covered by the insurance required to be maintained by the Mortgagor pursuant
to
the terms of the Mortgage, the Company shall communicate and consult with
the
Mortgagor with respect to the need for such insurance and bring to the
Mortgagor’s attention the desirability of protection of the Mortgaged
Property.
All
policies required hereunder shall name the Company as loss payee and shall
be
endorsed with standard or union mortgagee clauses, without contribution,
which
shall provide for at least 30 days prior written notice of any cancellation,
reduction in amount or material change in coverage.
The
Company shall not interfere with the Mortgagor’s freedom of choice in selecting
either his insurance carrier or agent, provided, however, that the Company
shall
not accept any such insurance policies from insurance companies unless such
companies are rated A:VI or better in Best’s and are licensed to do business in
the jurisdiction in which the Mortgaged Property is located. The Company
shall
determine that such policies provide sufficient risk coverage and amounts,
that
they insure the property owner, and that they properly describe the property
address. The Company shall furnish to the Mortgagor a formal notice of
expiration of any such insurance in sufficient time for the Mortgagor to
arrange
for renewal coverage by the expiration date.
Pursuant
to Section 4.04, any amounts collected by the Company under any such policies
(other than amounts to be deposited in the Escrow Account and applied to
the
restoration or repair of the related Mortgaged Property, or property acquired
in
liquidation of the Mortgage Loan, or to be released to the Mortgagor, in
accordance with the Company’s normal servicing procedures as specified in
Section 4.14) shall be deposited in the Custodial Account subject to withdrawal
pursuant to Section 4.05.
Section 4.11 |
Maintenance
of Mortgage Impairment Insurance.
|
In
the
event that the Company shall obtain and maintain a blanket policy insuring
against losses arising from fire and hazards covered under extended coverage
on
all of the Mortgage Loans, then, to the extent such policy provides coverage
in
an amount equal to the amount required pursuant to Section 4.10 and otherwise
complies with all other requirements of Section 4.10, it shall conclusively
be
deemed to have satisfied its obligations as set forth in Section 4.10. Any
amounts collected by the Company under any such policy relating to a Mortgage
Loan shall be deposited in the Custodial Account subject to withdrawal pursuant
to Section 4.05. Such policy may contain a deductible clause, in which case,
in
the event that there shall not have been maintained on the related Mortgaged
Property a policy complying with Section 4.10, and there shall have been
a loss
which would have been covered by such policy, the Company shall deposit in
the
Custodial Account at the time of such loss the amount not otherwise payable
under the blanket policy because of such deductible clause, such amount to
deposited from the Company’s funds, without reimbursement therefor. Upon request
of any Purchaser, the Company shall cause to be delivered to such Purchaser
a
certified true copy of such policy and a statement from the insurer thereunder
that such policy shall in no event be terminated or materially modified without
30 days’ prior written notice to such Purchaser.
Section 4.12 |
Maintenance
of Fidelity Bond and Errors and Omissions Insurance.
|
The
Company shall maintain with responsible companies, at its own expense, a
blanket
Fidelity Bond and an Errors and Omissions Insurance Policy, with broad coverage
on all officers, employees or other persons acting in any capacity requiring
such persons to handle funds, money, documents or papers relating to the
Mortgage Loans (“Company
Employees”).
Any
such Fidelity Bond and Errors and Omissions Insurance Policy shall be in
the
form of the Mortgage Banker’s Blanket Bond and shall protect and insure the
Company against losses, including forgery, theft, embezzle-ment, fraud, errors
and omissions and negligent acts of such Company Employees. Such Fidelity
Bond
and Errors and Omissions Insurance Policy also shall protect and insure the
Company against losses in connection with the release or satisfaction of
a
Mortgage Loan without having obtained payment in full of the indebtedness
secured thereby. No provision of this Section 4.12 requiring such Fidelity
Bond
and Errors and Omissions Insurance Policy shall diminish or relieve the Company
from its duties and obligations as set forth in this Agreement. The minimum
coverage under any such bond and insurance policy shall be acceptable to
Xxxxxx
Xxx or Xxxxxxx Mac. Upon the request of any Purchaser, the Company shall
cause
to be delivered to such Purchaser a certified true copy of such fidelity
bond
and insurance policy and a statement from the surety and the insurer that
such
fidelity bond and insurance policy shall in no event be terminated or materially
modified without 30 days’ prior written notice to the Purchaser.
Section 4.13 |
Inspections.
|
The
Company shall inspect the Mortgaged Property as often as deemed necessary
by the
Company to assure itself that the value of the Mortgaged Property is being
preserved. In addition, if any Mortgage Loan is more than 60 days delinquent,
the Company immediately shall inspect the Mortgaged Property and shall conduct
subsequent inspections in accordance with Accepted Servicing Practices or
as may
be required by the primary mortgage guaranty insurer. The Company shall keep
a
written report of each such inspection.
Section 4.14 |
Restoration
of Mortgaged Property.
|
The
Company need not obtain the approval of the Purchaser prior to releasing
any
Insurance Proceeds or Condemnation Proceeds to the Mortgagor to be applied
to
the restoration or repair of the Mortgaged Property if such release is in
accordance with Accepted Servicing Practices. At a minimum, the Company shall
comply with the following conditions in connection with any such release
of
Insurance Proceeds or Condemnation Proceeds:
(i) the
Company shall receive satisfactory independent verification of completion
of
repairs and issuance of any required approvals with respect thereto;
(ii) the
Company shall take all steps necessary to preserve the priority of the lien
of
the Mortgage, including, but not limited to requiring waivers with respect
to
mechanics’ and materialmen’s liens;
(iii) the
Company shall verify that the Mortgage Loan is not in default; and
(iv) pending
repairs or restoration, the Company shall place the Insurance Proceeds or
Condemnation Proceeds in the Custodial Account.
If
the
Purchaser is named as an additional loss payee, the Company is hereby empowered
to endorse any loss draft issued in respect of such a claim in the name of
the
Purchaser.
Section 4.15 |
Maintenance
of PMI and LPMI Policy; Claims.
|
(a)
With
respect to each Mortgage Loan with a LTV in excess of 95%, the Company
shall:
(i)
with
respect to Mortgage Loans which are not LPMI Loans, in accordance with state
and
federal laws and without any cost to the Purchaser, maintain or cause the
Mortgagor to maintain in full force and effect a PMI Policy with a minimum
of
35% coverage insuring that portion of the Mortgage Loan in excess of 68%
(or
such other percentage as stated in the related Acknowledgment Agreement)
of
value, and shall pay or shall cause the Mortgagor to pay the premium thereon
on
a timely basis, until the LTV of such Mortgage Loan is reduced to 80%. In
the
event that such PMI Policy shall be terminated, the Company shall obtain
from
another Qualified Insurer a comparable replacement policy, with a total coverage
equal to the remaining coverage of such terminated PMI Policy, at substantially
the same fee level. If the insurer shall cease to be a Qualified Insurer,
the
Company shall determine whether recoveries under the PMI Policy are jeopardized
for reasons related to the financial condition of such insurer, it being
understood that the Company shall in no event have any responsibility or
liability for any failure to recover under the PMI Policy for such reason.
If
the Company determines that recoveries are so jeopardized, it shall notify
the
Purchaser and the Mortgagor, if required, and obtain from another Qualified
Insurer a replacement insurance policy. The Company shall not take any action
which would result in noncoverage under any applicable PMI Policy of any
loss
which, but for the actions of the Company would have been covered thereunder.
In
connection with any assumption or substitution agreement entered into or
to be
entered into pursuant to Section 4.01, the Company shall promptly notify
the
insurer under the related PMI Policy, if any, of such assumption or substitution
of liability in accordance with the terms of such PMI Policy and shall take
all
actions which may be required by such insurer as a condition to the continuation
of coverage under such PMI Policy. If such PMI Policy is terminated as a
result
of such assumption or substitution of liability, the Company shall obtain
a
replacement PMI Policy as provided above.
(ii)
with
respect to LPMI Loans, maintain in full force and effect an LPMI Policy insuring
that portion of the Mortgage Loan with a minimum of 35% coverage insuring
that
portion of the Mortgage Loan in excess of 68% (or such other percentage as
stated in the related Acknowledgment Agreement) of value, and from time to
time,
withdraw the LPMI Fee with respect to such LPMI Loan from the Custodial Account
in order to pay the premium thereon on a timely basis, until the LTV of such
Mortgage Loan is reduced to 80%. In the event that the interest payments
made
with respect to any LPMI Loan are less than the LPMI Fee, the Company shall
advance from its own funds the amount of any such shortfall in the LPMI Fee,
in
payment of the premium on the related LPMI Policy. Any such advance shall
be a
Servicing Advance subject to reimbursement pursuant to the provisions on
Section
2.05. In the event that such LPMI Policy shall be terminated, the Company
shall
obtain from another Qualified Insurer a comparable replacement policy, with
a
total coverage equal to the remaining coverage of such terminated LPMI Policy,
at substantially the same fee level. If the insurer shall cease to be a
Qualified Insurer, the Company shall determine whether recoveries under the
LPMI
Policy are jeopardized for reasons related to the financial condition of
such
insurer, it being understood that the Company shall in no event have any
responsibility or liability for any failure to recover under the LPMI Policy
for
such reason. If the Company determines that recoveries are so jeopardized,
it
shall notify the Purchaser and the Mortgagor, if required, and obtain from
another Qualified Insurer a replacement insurance policy. The Company shall
not
take any action which would result in noncoverage under any applicable LPMI
Policy of any loss which, but for the actions of the Company would have been
covered thereunder. In connection with any assumption or substitution agreement
entered into or to be entered into pursuant to Section 6.01, the Company
shall
promptly notify the insurer under the related LPMI Policy, if any, of such
assumption or substitution of liability in accordance with the terms of such
LPMI Policy and shall take all actions which may be required by such insurer
as
a condition to the continuation of coverage under such PMI Policy. If such
LPMI
Policy is terminated as a result of such assumption or substitution of
liability, the Company shall obtain a replacement LPMI Policy as provided
above.
(b) In
connection with its activities as servicer, the Company agrees to prepare
and
present, on behalf of itself and the Purchaser, claims to the insurer under
any
PMI Policy or LPMI Policy in a timely fashion in accordance with the terms
of
such PMI Policy or LPMI Policy and, in this regard, to take such action as
shall
be necessary to permit recovery under any PMI Policy or LPMI Policy respecting
a
defaulted Mortgage Loan. Pursuant to Section 4.04, any amounts collected
by the
Company under any PMI Policy or LPMI Policy shall be deposited in the Custodial
Account, subject to withdrawal pursuant to Section 4.05.
(c) Purchaser,
in its sole discretion, at any time, may (i) either obtain an additional
PMI
Policy on any Mortgage Loan which already has a PMI Policy in place, or (ii)
obtain a PMI Policy for any Mortgage Loan which does not already have a PMI
Policy in place. In any event, the Company agrees to administer such PMI
Policies in accordance with the Agreement or any Reconstitution
Agreement.
Section 4.16 |
Title,
Management and Disposition of REO Property.
|
In
the
event that title to any Mortgaged Property is acquired in foreclosure or
by deed
in lieu of foreclosure, the deed or certificate of sale shall be taken in
the
name of the Purchaser, or in the event the Purchaser is not authorized or
permitted to hold title to real property in the state where the REO Property
is
located, or would be adversely affected under the “doing business” or tax laws
of such state by so holding title, the deed or certificate of sale shall
be
taken in the name of such Person or Persons as shall be consistent with an
Opinion of Counsel obtained by the Company from any attorney duly licensed
to
practice law in the state where the REO Property is located. The Person or
Persons holding such title other than the Purchaser shall acknowledge in
writing
that such title is being held as nominee for the Purchaser.
The
Company shall manage, conserve, protect and operate each REO Property for
the
Purchaser solely for the purpose of its prompt disposition and sale. The
Company, either itself or through an agent selected by the Company, shall
manage, conserve, protect and operate the REO Property in the same manner
that
it manages, conserves, protects and operates other foreclosed property for
its
own account, and in the same manner that similar property in the same locality
as the REO Property is managed. The Company shall attempt to sell the same
(and
may temporarily rent the same for a period not greater than one year, except
as
otherwise provided below) on such terms and conditions as the Company deems
to
be in the best interest of the Purchaser.
The
Company shall use its best efforts to dispose of the REO Property as soon
as
possible and shall sell such REO Property in any event within one year after
title has been taken to such REO Property, unless (i) (A) a REMIC election
has
not been made with respect to the arrangement under which the Mortgage Loans
and
the REO Property are held, and (ii) the Company determines, and gives an
appropriate notice to the Purchaser to such effect, that a longer period
is
necessary for the orderly liquidation of such REO Property. If a period longer
than one year is permitted under the foregoing sentence and is necessary
to sell
any REO Property the Company shall report monthly to the Purchaser as to
the
progress being made in selling such REO Property.
The
Company shall also maintain on each REO Property fire and hazard insurance
with
extended coverage in amount which is at least equal to the maximum insurable
value of the improvements which are a part of such property, liability insurance
and, to the extent required and available under the Flood Disaster Protection
Act of 1973, as amended, flood insurance in the amount required above.
The
disposition of REO Property shall be carried out by the Company at such price,
and upon such terms and conditions, as the Company deems to be in the best
interests of the Purchaser. The proceeds of sale of the REO Property shall
be
promptly deposited in the Custodial Account. As soon as practical thereafter
the
expenses of such sale shall be paid and the Company shall reimburse itself
for
any related unreimbursed Servicing Advances, unpaid Servicing Fees and
unreimbursed advances made pursuant to Section 5.03, and on the Remittance
Date
immediately following the Principal Prepayment Period in which such sale
proceeds are received the net cash proceeds of such sale remaining in the
Custodial Account shall be distributed to the Purchaser.
The
Company shall withdraw the Custodial Account funds necessary for the proper
operation, management and maintenance of the REO Property, including the
cost of
maintaining any hazard insurance pursuant to Section 4.10 and the fees of
any
managing agent of the Company, a Subservicer, or the Company itself. The
REO
management fee shall be an amount that is reasonable and customary in the
area
where the Mortgaged Property is located. The Company shall make monthly
distributions on each Remittance Date to the Purchasers of the net cash flow
from the REO Property (which shall equal the revenues from such REO Property
net
of the expenses described in this Section 4.16 and of any reserves reasonably
required from time to time to be maintained to satisfy anticipated liabilities
for such expenses).
Section 4.17 |
Real
Estate Owned Reports.
|
Together
with the statement furnished pursuant to Section 5.02, the Company shall
furnish
to the Purchaser on or before the Remittance Date each month a statement
with
respect to any REO Property covering the operation of such REO Property for
the
previous month and the Company’s efforts in connection with the sale of such REO
Property and any rental of such REO Property incidental to the sale thereof
for
the previous month. That statement shall be accompanied by such other
information as the Purchaser shall reasonably request.
Section 4.18 |
Liquidation
Reports.
|
Upon
the
foreclosure sale of any Mortgaged Property or the acquisition thereof by
the
Purchaser pursuant to a deed in lieu of foreclosure, the Company shall submit
to
the Purchaser a liquidation report with respect to such Mortgaged
Property.
Section 4.19 |
Reports
of Foreclosures and Abandonments of Mortgaged Property.
|
Following
the foreclosure sale or abandonment of any Mortgaged Property, the Company
shall
report such foreclosure or abandonment as required pursuant to Section 6050J
of
the Code.
Section 4.20 |
Notification
of Adjustments.
|
With
respect to each Mortgage Loan, the Company shall adjust the Mortgage Interest
Rate on the related Interest Rate Adjustment Date and shall adjust the Monthly
Payment on the related Payment Adjustment Date in compliance with the
requirements of applicable law and the related Mortgage and Mortgage Note.
If,
pursuant to the terms of the Mortgage Note, another index is selected for
determining the Mortgage Interest Rate, the same index will be used with
respect
to each Mortgage Note which requires a new index to be selected, provided
that
such selection does not conflict with the terms of the related Mortgage Note.
The Company shall execute and deliver any and all necessary notices required
under applicable law and the terms of the related Mortgage Note and Mortgage
regarding the Mortgage Interest Rate and the Monthly Payment adjustments.
The
Company shall promptly upon written request thereof, deliver to the Purchaser
such notifications and any additional applicable data regarding such adjustments
and the methods used to calculate and implement such adjustments. Upon the
discovery by the Company, or the Purchaser that the Company has failed to
adjust
a Mortgage Interest Rate or a Monthly Payment pursuant to the terms of the
related Mortgage Note and Mortgage, the Company shall immediately deposit
in the
Custodial Account from its own funds the amount of any interest loss caused
the
Purchaser thereby.
ARTICLE
V
PAYMENTS
TO PURCHASER
Section 5.01 |
Remittances.
|
On
each
Remittance Date the Company shall remit by wire transfer of immediately
available funds to the Purchaser (a) all amounts deposited in the Custodial
Account as of the close of business on the Determination Date (net of charges
against or withdrawals from the Custodial Account pursuant to Section 4.05),
plus (b) all amounts, if any, which the Company is obligated to distribute
pursuant to Section 5.03, minus (c) any amounts attributable to Principal
Prepayments received after the applicable Principal Prepayment Period which
amounts shall be remitted on the following Remittance Date, together with
any
additional interest required to be deposited in the Custodial Account in
connection with such Principal Prepayment in accordance with Section 4.04(viii),
and minus (d) any amounts attributable to Monthly Payments collected but
due on
a Due Date or Dates subsequent to the first day of the month of the Remittance
Date, which amounts shall be remitted on the Remittance Date next succeeding
the
Due Period for such amounts.
With
respect to any remittance received by the Purchaser after the second Business
Day following the Business Day on which such payment was due, the Company
shall
pay to the Purchaser interest on any such late payment at an annual rate
equal
to the Prime Rate, adjusted as of the date of each change, plus three percentage
points, but in no event greater than the maximum amount permitted by applicable
law. Such interest shall be deposited in the Custodial Account by the Company
on
the date such late payment is made and shall cover the period commencing
with
the day following such second Business Day and ending with the Business Day
on
which such payment is made, both inclusive. Such interest shall be remitted
along with the distribution payable on the next succeeding Remittance Date.
The
payment by the Company of any such interest shall not be deemed an extension
of
time for payment or a waiver of any Event of Default by the
Company.
Section 5.02 |
Statements
to Purchaser.
|
Not
later
than the 10th
day of
each calendar month, the Company shall furnish to the Purchaser a Monthly
Remittance Advice, with a trial balance report attached thereto, in the form
of
Exhibit
F
annexed
hereto electronic medium mutually acceptable to the parties as to the preceding
calendar month and the Due Period in the month of remittance
In
addition, not more than 60 days after the end of each calendar year, the
Company
shall furnish to each Person who was a Purchaser at any time during such
calendar year an annual statement in accordance with the requirements of
applicable federal income tax law as to the aggregate of remittances for
the
applicable portion of such year. Nothing in this Section 5.02 shall be deemed
to
require the Company to prepare any federal income tax return on Internal
Revenue
Service Form 1066, U.S. Real Estate Mortgage Investment Conduit Income Tax
Return, including Schedule Q thereto, Quarterly Notice to Residual Interest
Holders of REMIC Taxable Income or Net Loss Allocation, or any successor
forms,
to be filed on behalf of any REMIC under the REMIC Provisions.
Section 5.03 |
Monthly
Advances by Company.
|
On
the
Business Day immediately preceding each Remittance Date, either (a) the Company
shall deposit in the Custodial Account from its own funds or (b) if funds
are on
deposit in the Custodial Account which are not required to be remitted on
the
related Remittance Date, the Company may make an appropriate entry in its
records that such funds shall be applied toward the related Monthly Advance
(provided, that any funds so applied shall be replaced by the Company no
later
than the Business Day immediately preceding the next Remittance Date), in
each
case, in an aggregate amount equal to all Monthly Payments (with interest
adjusted to the Mortgage Loan Remittance Rate) which were due on the Mortgage
Loans during the applicable Due Period and which were delinquent at the close
of
business on the immediately preceding Determination Date or which were deferred
pursuant to Section 4.01. The Company’s obligation to make such Monthly Advances
as to any Mortgage Loan will continue through the last Monthly Payment due
prior
to the payment in full of the Mortgage Loan, or through the last Remittance
Date
prior to the Remittance Date for the distribution of all Liquidation Proceeds
and other payments or recoveries (including Insurance Proceeds and Condemnation
Proceeds) with respect to the Mortgage Loan.
In
no
event shall the Company be obligated to make an advance under this section
5.03
if at the time of such advance it deems such advance to be non-recoverable.
The
Company shall promptly deliver an officer’s certificate to the Purchaser upon
determining that any advance is non-recoverable. In the event that upon
liquidation of the Mortgage Loan, the Liquidation Proceeds are insufficient
to
reimburse the Company for any Monthly Advances, the Company shall notify
the
related Purchaser of such shortfall by registered mail with sufficient
supporting documentation and shall have the right to deduct such shortfall
from
the next remittance to be paid to the related Purchaser.
ARTICLE
VI
GENERAL
SERVICING PROCEDURES
Section
6.01 Transfers
of Mortgaged Property.
The
Company shall use its best efforts to enforce any “due-on-sale” provision
contained in any Mortgage or Mortgage Note and to deny assumption by the
person
to whom the Mortgaged Property has been or is about to be sold whether by
absolute conveyance or by contract of sale, and whether or not the Mortgagor
remains liable on the Mortgage and the Mortgage Note. When the Mortgaged
Property has been conveyed by the Mortgagor, the Company shall, to the extent
it
has knowledge of such conveyance, exercise its rights to accelerate the maturity
of such Mortgage Loan under the “due-on-sale” clause applicable thereto,
provided, however, that the Company shall not exercise such rights if prohibited
by law from doing so or if the exercise of such rights would impair or threaten
to impair any recovery under the related PMI or LPMI Policy, if
any.
If
the
Company reasonably believes it is unable under applicable law to enforce
such
“due-on-sale” clause, the Company shall enter into (i) an assumption and
modification agreement with the person to whom such property has been conveyed,
pursuant to which such person becomes liable under the Mortgage Note and
the
original Mortgagor remains liable thereon or (ii) in the event the Company
is
unable under applicable law to require that the original Mortgagor remain
liable
under the Mortgage Note and the Company has the prior consent of the primary
mortgage guaranty insurer, a substitution of liability agreement with the
purchaser of the Mortgaged Property pursuant to which the original Mortgagor
is
released from liability and the purchaser of the Mortgaged Property is
substituted as Mortgagor and becomes liable under the Mortgage Note. If an
assumption fee is collected by the Company for entering into an assumption
agreement, a portion of such fee, up to an amount equal to one percent (1.0%)
of
the outstanding principal balance of the related Mortgage Loan, will be retained
by the Company as additional servicing compensation, and any portion thereof
in
excess one percent (1.0%) shall be deposited in the Custodial Account for
the
benefit of the Purchaser. In connection with any such assumption or substitution
of liability, neither the Mortgage Interest Rate borne by the related Mortgage
Note, the term of the Mortgage Loan, the Index, the Lifetime Mortgage Interest
Rate Cap, the Initial Rate Cap or the Gross Margin of any Mortgage Loan,
nor the
outstanding principal amount of the Mortgage Loan shall be changed.
To
the
extent that any Mortgage Loan is assumable, the Company shall inquire diligently
into the creditworthiness of the proposed transferee, and shall use the
underwriting criteria for approving the credit of the proposed transferee
which
are used by Xxxxxx Xxx with respect to underwriting mortgage loans of the
same
type as the Mortgage Loans. If the credit of the proposed transferee does
not
meet such underwriting criteria, the Company diligently shall, to the extent
permitted by the Mortgage or the Mortgage Note and by applicable law, accelerate
the maturity of the Mortgage Loan.
Section 6.02 |
Satisfaction
of Mortgages and Release of Mortgage Files.
|
Upon
the
payment in full of any Mortgage Loan, or the receipt by the Company of a
notification that payment in full will be escrowed in a manner customary
for
such purposes, the Company shall notify the Purchaser in the Monthly Remittance
Advice as provided in Section 5.02, and may request the release of any Mortgage
Loan Documents. In connection with any such prepayment in full, the Company
shall comply with all applicable laws regarding satisfaction, release or
reconveyance with respect to the Mortgage.
If
the
Company satisfies or releases a Mortgage without first having obtained payment
in full of the indebtedness secured by the Mortgage or should the Company
otherwise prejudice any rights the Purchaser may have under the mortgage
instruments, upon written demand of the Purchaser, the Company shall repurchase
the related Mortgage Loan at the Repurchase Price by deposit thereof in the
Custodial Account within 2 Business Days of receipt of such demand by the
Purchaser. The Company shall maintain the Fidelity Bond and Errors and Omissions
Insurance Policy as provided for in Section 4.12 insuring the Company against
any loss it may sustain with respect to any Mortgage Loan not satisfied in
accordance with the procedures set forth herein.
Section 6.03 |
Servicing
Compensation.
|
As
compensation for its services hereunder, the Company shall be entitled to
withdraw from the Custodial Account or to retain from interest payments on
the
Mortgage Loans the amount of its Servicing Fee. The Servicing Fee shall be
payable monthly and shall be computed on the basis of the same unpaid principal
balance and for the period respecting which any related interest payment
on a
Mortgage Loan is computed. The Servicing Fee shall be payable only at the
time
of and with respect to those Mortgage Loans for which payment is in fact
made of
the entire amount of the Monthly Payment. The obligation of the Purchaser
to pay
the Servicing Fee is limited to, and payable solely from, the interest portion
of such Monthly Payments collected by the Company.
Additional
servicing compensation in the form of assumption fees, to the extent provided
in
Section 6.01, and late payment charges and Prepayment Penalties, shall be
retained by the Company to the extent not required to be deposited in the
Custodial Account. The Company shall be required to pay all expenses incurred
by
it in connection with its servicing activities hereunder and shall not be
entitled to reimbursement thereof except as specifically provided for herein.
Notwithstanding anything in this Agreement to the contrary, in the event
of a
Principal Prepayment in full, the Company shall not waive, and shall not
permit
the waiver of, any Prepayment Penalty or portion thereof required by the
terms
of the related Mortgage Note unless (i) the Company determines that such
waiver
would maximize recovery of Liquidations Proceeds for such Mortgage Loan,
taking
into account the value of such Prepayment Penalty, or (ii) (A) the
enforeceability therefore is limited (1) by bankruptcy, insolvency, moratorium,
receivership, or other similar law relating to creditors’ rights generally or
(2) due to acceleration in connection with a foreclosure or other involuntary
payment or (B) the enforceability is otherwise limited or prohibited by
applicable law.
Section 6.04 |
Annual
Statement as to Compliance.
|
The
Company shall deliver to the Purchaser, on or before May 31 each year beginning
May 31, 2003, an Officer’s Certificate, stating that (i) a review of the
activities of the Company during the preceding calendar year and of performance
under this Agreement has been made under such officer’s supervision, and (ii)
the Company has complied fully with the provisions of Article II and Article
IV,
and (iii) to the best of such officer’s knowledge, based on such review, the
Company 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 Company to cure such
default.
Section 6.05 |
Annual
Independent Public Accountants’ Servicing Report.
|
On
or
before May 31st of each year beginning May 31, 2003, the Company, at its
expense, shall cause a firm of independent public accountants which is a
member
of the American Institute of Certified Public Accountants to furnish a statement
to each Purchaser to the effect that such firm has examined certain documents
and records relating to the servicing of the Mortgage Loans and this Agreement
and that such firm is of the opinion that the provisions of Article II and
Article IV have been complied with, and that, on the basis of such examination
conducted substantially in compliance with the Single Attestation Program
for
Mortgage Bankers, nothing has come to their attention which would indicate
that
such servicing has not been conducted in compliance therewith, except for
(i)
such exceptions as such firm shall believe to be immaterial, and (ii) such
other
exceptions as shall be set forth in such statement.
Section 6.06 |
Right
to Examine Company Records.
|
The
Purchaser shall have the right to examine and audit any and all of the books,
records, or other information of the Company, whether held by the Company
or by
another on its behalf, with respect to or concerning this Agreement or the
Mortgage Loans, during business hours or at such other times as may be
reasonable under applicable circumstances, upon reasonable advance
notice.
ARTICLE
VII
AGENCY
TRANSFER; PASS-THROUGH TRANSFER
Section 7.01 |
Removal
of Mortgage Loans from Inclusion Under this Agreement Upon an Agency
Transfer, or a Pass-Through Transfer on One or More Reconstitution
Dates.
|
The
Purchaser and the Company agree that with respect to any Pass-Through Transfer,
Whole Loan Transfer or Agency Transfers, as applicable, the Company shall
cooperate with the Purchaser in effecting such transfers and shall negotiate
in
good faith and execute any Reconstitution Agreement required to effectuate
the
foregoing; provided that, such Reconstitution Agreement shall not materially
increase the Company’s obligations or liabilities hereunder, nor diminish any of
the Company’s rights, and provide to any master servicer or the trustee, as
applicable, and/or the Purchaser any and all publicly available information
and
appropriate verification of information which may be reasonably available
to the
Company, whether through letters of its auditors and counsel or otherwise,
as
the Purchaser, trustee or a master servicer shall reasonable request as to
the
related Mortgage Loans. Purchaser shall reimburse Company for any and all
costs
or expenses incurred by Company (i) in obtaining “accountant comfort letters”
with respect to information supplied in response to Purchaser requests, (ii)
in
connection with any due diligence performed in connection with a Pass-Through
or
Whole Loan Transfer or (iii) making the Mortgage Loan Documents or Servicing
Files available to parties participating in a Pass-Through or Whole Loan
Transfer, including without limitation, shipping costs. Such information
may be
included in any disclosure document prepared in connection with the Pass-Through
Transfer, Whole Loan Transfer or Agency Transfer, as applicable; provided,
however, that Company shall indemnify the Purchaser against any liability
arising from any material omissions or misstatements in any information supplied
by the Company and included in a disclosure document; and provided, further,
that the Purchaser shall indemnify the Company against any liability arising
from any information included in a disclosure document that was not supplied
by
the Company. The Company shall execute any Reconstitution Agreements required
within a reasonable period of time after receipt of such agreements which
time
shall be sufficient for the Company and the Company’s counsel to review such
agreements. Company shall use its Best Efforts to complete such review within
ten (10) Business Days after mutual agreement as to the terms thereof, but
such
time shall not exceed fifteen (15) Business Days after mutual agreement as
to
the terms thereof.
The
Company shall not be required to restate any representations and warranties
as
of the date of any Pass-Through
Transfer, Whole Loan Transfer or Agency Transfers other than the representations
and warranties set forth in Section 3.01 (provided, that the Company shall
not
be required to restate the representation and warranty set forth in Section
3.01(j)).
In
the
event of any Agency Transfer, Pass-Through or Whole Loan Transfer, the Company
shall have no obligation to pay any custodial fees charged by the
Agency.
Section 7.02 |
Purchaser’s
Repurchase and Indemnification Obligations.
|
Upon
receipt by the Company of notice from Xxxxxx Mae, Xxxxxxx Mac or the trustee
of
a breach of any Purchaser representation or warranty contained in any
Reconstitution Agreement or a request by Xxxxxx Mae, Xxxxxxx Mac or the trustee,
as the case may be, for the repurchase of any Mortgage Loan transferred to
Xxxxxx Mae or Xxxxxxx Mac pursuant to an Agency Transfer or to a trustee
pursuant to a Pass-Through Transfer, the Company shall promptly notify the
Purchaser of same and shall, at the direction of the Purchaser, use its best
efforts to cure and correct any such breach and to satisfy the requests or
concerns of Xxxxxx Mae, Xxxxxxx Mac, or the trustee related to such deficiencies
of the related Mortgage Loans transferred to Xxxxxx Mae, Xxxxxxx Mac, or
the
trustee.
The
Purchaser shall repurchase from the Company any Mortgage Loan transferred
to
Xxxxxx Mae or Xxxxxxx Mac pursuant to an Agency Transfer or to a trustee
pursuant to a Pass-Through Transfer with respect to which the Company has
been
required by Xxxxxx Mae, Xxxxxxx Mac, or the trustee to repurchase due to
a
breach of a representation or warranty made by the Purchaser with respect
to the
Mortgage Loans, or the servicing thereof prior to the transfer date to Xxxxxx
Mae, Xxxxxxx Mac, or the trustee in any Reconstitution Agreement and not
due to
a breach of the Company’s representations or obligations thereunder or pursuant
to this Agreement. The repurchase price to be paid by the Purchaser to the
Company shall equal that repurchase price paid by the Company to Xxxxxx Mae,
Xxxxxxx Mac, or the third party purchaser plus all reasonable costs and expenses
borne by the Company in connection with the cure of said breach of a
representation or warranty made by the Purchaser and in connection with the
repurchase of such Mortgage Loan from Xxxxxx Mae, Xxxxxxx Mac, or the trustee,
including, but not limited to, reasonable and necessary attorneys’
fees.
At
the
time of repurchase, the Custodian and the Company shall arrange for the
reassignment of the repurchased Mortgage Loan to the Purchaser according
to the
Purchaser’s instructions and the delivery to the Custodian of any documents held
by Xxxxxx Mae, Xxxxxxx Mac, or the trustee with respect to the repurchased
Mortgage Loan pursuant to the related Reconstitution Agreement. In the event
of
a repurchase, the Company shall, simultaneously with such reassignment, give
written notice to the Purchaser that such repurchase has taken place, and
amend
the related Mortgage Loan Schedule to reflect the addition of the repurchased
Mortgage Loan to this Agreement. In connection with any such addition, the
Company and the Purchaser shall be deemed to have made as to such repurchased
Mortgage Loan the representations and warranties set forth in this
Agreement.
ARTICLE
VIII
COMPANY
TO COOPERATE
Section 8.01 |
Provision
of Information.
|
During
the term of this Agreement and provided such request will cause the Company
to
violate any applicable law or statute, the Company shall furnish to the
Purchaser such periodic, special, or other reports or information and copies
or
originals of any documents contained in the Servicing File for each Mortgage
Loan, whether or not provided for herein, as shall be necessary, reasonable,
or
appropriate with respect to the Purchaser, any regulatory requirement pertaining
to the Purchaser or the purposes of this Agreement. All such reports, documents
or information shall be provided by and in accordance with all reasonable
instructions and directions which the Purchaser may give. Purchaser shall
pay
any costs related to any special reports.
The
Company shall execute and deliver all such instruments and take all such
action
as the Purchaser may reasonably request from time to time, in order to
effectuate the purposes and to carry out the terms of this
Agreement.
Section 8.02 |
Financial
Statements; Servicing Facility.
|
In
connection with marketing the Mortgage Loans, the Purchaser may make available
to a prospective Purchaser a Consolidated Statement of Operations of the
Company
for the most recently completed five fiscal years for which such a statement
is
available, as well as a Consolidated Statement of Condition at the end of
the
last two fiscal years covered by such Consolidated Statement of Operations.
The
Company also shall make available any comparable interim statements to the
extent any such statements have been prepared by or on behalf of the Company
(and are available upon request to members or stockholders of the Company
or to
the public at large). If it has not already done so, the Company shall furnish
promptly to the Purchaser copies of the statement specified above. Unless
requested the Purchaser, the Company shall not be required to deliver any
documents which are publicly available on XXXXX.
The
Company also shall make available to Purchaser or prospective Purchaser a
knowledgeable financial or accounting officer for the purpose of answering
questions respecting recent developments affecting the Company or the financial
statements of the Company, and to permit any prospective Purchaser to inspect
the Company’s servicing facilities or those of any Subservicer for the purpose
of satisfying such prospective Purchaser that the Company and any Subservicer
have the ability to service the Mortgage Loans as provided in this
Agreement.
ARTICLE
IX
THE
COMPANY
Section 9.01 |
Indemnification;
Third Party Claims.
|
The
Company shall indemnify the Purchaser and hold it harmless against any and
all
claims, losses, damages, penalties, fines, and forfeitures, including, but
not
limited to reasonable and necessary legal fees and related costs, judgments,
and
any other costs, fees and expenses that the Purchaser may sustain in any
way
related to the failure of the Company to (a) perform its duties and service
the
Mortgage Loans in strict compliance with the terms of this Agreement or any
Reconstitution Agreement entered into pursuant to Section 7.01, and/or (b)
comply with applicable law. The Company immediately shall notify the Purchaser
if a claim is made by a third party with respect to this Agreement or any
Reconstitution Agreement or the Mortgage Loans, shall promptly notify Xxxxxx
Xxx, Xxxxxxx Mac, or the trustee with respect to any claim made by a third
party
with respect to any Reconstitution Agreement, assume (with the prior written
consent of the Purchaser) the defense of any such claim and pay all expenses
in
connection therewith, including counsel fees, and promptly pay, discharge
and
satisfy any judgment or decree in the amount of $5,000 or less, which may
be
entered against it or the Purchaser in respect of such claim. The Company
shall
follow any written instructions received from the Purchaser in connection
with
such claim. The Purchaser promptly shall reimburse the Company for all amounts
advanced by it pursuant to the preceding sentence except when the claim is
in
any way related to the Company’s indemnification pursuant to Section 3.03, or
the failure of the Company to (a) service and administer the Mortgage Loans
in
strict compliance with the terms of this Agreement or any Reconstitution
Agreement, and/or (b) comply with applicable law.
Section 9.02 |
Merger
or Consolidation of the Company.
|
The
Company shall keep in full effect its existence, rights and franchises as
a
corporation, and shall obtain and preserve its qualification to do business
as a
foreign corporation in each jurisdiction in which such qualification is or
shall
be necessary to protect the validity and enforceability of this Agreement
or any
of the Mortgage Loans and to perform its duties under this
Agreement.
Any
person into which the Company may be merged or consolidated, or any corporation
resulting from any merger, conversion or consolidation to which the Company
shall be a party, or any Person succeeding to the business of the Company,
shall
be the successor of the Company hereunder, without the execution or filing
of
any paper or any further act on the part of any of the parties hereto, anything
herein to the contrary notwithstanding, provided, however, that the successor
or
surviving Person shall be an institution (i) having a net worth of not less
than
$25,000,000, (ii) whose deposits are insured by the FDIC through the BIF
or the
SAIF, and (iii) which is a Xxxxxx Mae-approved company in good
standing.
Section 9.03 |
Limitation
on Liability of Company and Others.
|
Neither
the Company nor any of the directors, officers, employees or agents of the
Company shall be under any liability to the Purchaser for any action taken
or
for refraining from the taking of any action in good faith pursuant to this
Agreement, or for errors in judgment, provided, however, that this provision
shall not protect the Company or any such person against any Breach of
warranties or representations made herein, or failure to perform its obligations
in strict compliance with any standard of care set forth in this Agreement,
or
any liability which would otherwise be imposed by reason of any breach of
the
terms and conditions of this Agreement. The Company and any director, officer,
employee or agent of the Company may rely in good faith on any document of
any
kind prima facie properly executed and submitted by any Person respecting
any
matters arising hereunder. The Company shall not be under any obligation
to
appear in, prosecute or defend any legal action which is not incidental to
its
duties to service the Mortgage Loans in accordance with this Agreement and
which
in its opinion may involve it in any expense or liability, provided, however,
that the Company may, with the consent of the Purchaser, undertake any such
action which it may deem necessary or desirable in respect to this Agreement
and
the rights and duties of the parties hereto. In such event, the Company shall
be
entitled to reimbursement from the Purchaser of the reasonable legal expenses
and costs of such action.
Section 9.04 |
Limitation
on Resignation and Assignment by Company.
|
The
Purchaser has entered into this Agreement with the Company and subsequent
Purchasers will purchase the Mortgage Loans in reliance upon the independent
status of the Company, and the representations as to the adequacy of its
servicing facilities, plant, personnel, records and procedures, its integrity,
reputation and financial standing, and the continuance thereof. Therefore,
the
Company shall neither assign this Agreement or the servicing hereunder or
delegate its rights or duties hereunder or any portion hereof (to other than
a
Subservicer) or sell or otherwise dispose of all or substantially all of
its
property or assets without the prior written consent of the Purchaser, which
consent shall be granted or withheld in the sole discretion of the Purchaser;
provided, however, that the Company may assign its right and obligations
hereunder to any entity that is directly or indirectly owned or controlled
by
the Company and the Company guarantees the performance by such entity of
all
obligations hereunder.
The
Company shall not resign from the obligations and duties hereby imposed on
it
except by mutual consent of the Company and the Purchaser or upon the
determination that its duties hereunder are no longer permissible under
applicable law and such incapacity cannot be cured by the Company. Any such
determination permitting the resignation of the Company shall be evidenced
by an
Opinion of Counsel to such effect delivered to the Purchaser which Opinion
of
Counsel shall be in form and substance acceptable to the Purchaser. No such
resignation shall become effective until a successor shall have assumed the
Company’s responsibilities and obligations hereunder in the manner provided in
Section 12.01.
Without
in any way limiting the generality of this Section 9.04, in the event that
the
Company either shall assign this Agreement or the servicing responsibilities
hereunder or delegate its duties hereunder or any portion thereof (to other
than
a Subservicer) or sell or otherwise dispose of all or substantially all of
its
property or assets, without the prior written consent of the Purchaser, then
the
Purchaser shall have the right to terminate this Agreement upon notice given
as
set forth in Section 10.01, without any payment of any penalty or damages
and
without any liability whatsoever to the Company or any third party.
ARTICLE
X
DEFAULT
Section 10.01 |
Events
of Default.
|
Each
of
the following shall constitute an Event of Default on the part of the
Company:
(i) any
failure by the Company to remit to the Purchaser any payment required to
be made
under the terms of this Agreement which continues unremedied for a period
of
three days after the date upon which written notice of such failure, requiring
the same to be remedied, shall have been given to the Company by the Purchaser;
or
(ii) failure
by the Company duly to observe or perform in any material respect any other
of
the covenants or agreements on the part of the Company set forth in this
Agreement which continues unremedied for a period of 30 days after the date
on
which written notice of such failure, requiring the same to be remedied,
shall
have been given to the Company by the Purchaser; or
(iii) failure
by the Company to maintain its license to do business in any jurisdiction
where
the Mortgage Property is located if such license is necessary for the Company
to
legally service the related Mortgage Loan; or
(iv) a
decree
or order of a court or agency or supervisory authority having jurisdiction
for
the appointment of a conservator or receiver or liquidator in any insolvency,
readjustment of debt, including bankruptcy, marshaling of assets and liabilities
or similar proceedings, or for the winding-up or liquidation of its affairs,
shall have been entered against the Company and such decree or order shall
have
remained in force undischarged or unstayed for a period of 60 days;
or
(v) the
Company shall consent to the appointment of a conservator or receiver or
liquidator in any insolvency, readjustment of debt, marshaling of assets
and
liabilities or similar proceedings of or relating to the Company or of or
relating to all or substantially all of its property; or
(vi) the
Company shall admit in writing its inability to pay its debts generally as
they
become due, file a petition to take advantage of any applicable insolvency,
bankruptcy or reorganization statute, make an assignment for the benefit
of its
creditors, voluntarily suspend payment of its obligations or cease its normal
business operations for three Business Days; or
(vii) the
Company ceases to meet the qualifications of a Xxxxxx Xxx lender or servicer;
or
(viii) the
Company fails to maintain a minimum net worth of $25,000,000; or
(ix) the
Company attempts to assign its right to servicing compensation hereunder
or the
Company attempts, without the consent of the Purchaser, to sell or otherwise
dispose of all or substantially all of its property or assets or to assign
this
Agreement or the servicing responsibilities hereunder or to delegate its
duties
hereunder or any portion thereof (to other than a Subservicer) in violation
of
Section 9.04.
In
each
and every such case, so long as an Event of Default shall not have been
remedied, in addition to whatsoever rights the Purchaser may have at law
or
equity to damages, including injunctive relief and specific performance,
the
Purchaser, by notice in writing to the Company, may terminate all the rights
and
obligations of the Company under this Agreement and in and to the Mortgage
Loans
and the proceeds thereof.
Upon
receipt by the Company of such written notice, all authority and power of
the
Company under this Agreement, whether with respect to the Mortgage Loans
or
otherwise, shall pass to and be vested in the successor appointed pursuant
to
Section 12.01. Upon written request from any Purchaser, the Company shall
prepare, execute and deliver to the successor entity designated by the Purchaser
any and all documents and other instruments, place in such successor’s
possession all Mortgage Files, and do or cause to be done all other acts
or
things necessary or appropriate to effect the purposes of such notice of
termination, including but not limited to the transfer and endorsement or
assignment of the Mortgage Loans and related documents, at the Company’s sole
expense. The Company shall cooperate with the Purchaser and such successor
in
effecting the termination of the Company’s responsibilities and rights
hereunder, including without limitation, the transfer to such successor for
administration by it of all cash amounts which shall at the time be credited
by
the Company to the Custodial Account or Escrow Account or thereafter received
with respect to the Mortgage Loans.
Section 10.02 |
Waiver
of Defaults.
|
By
a
written notice, the Purchaser may waive any default by the Company in the
performance of its obligations hereunder and its consequences. Upon any waiver
of a past default, such default shall cease to exist, and any Event of Default
arising therefrom shall be deemed to have been remedied for every purpose
of
this Agreement. No such waiver shall extend to any subsequent or other default
or impair any right consequent thereon except to the extent expressly so
waived.
ARTICLE
XI
TERMINATION
Section 11.01 |
Termination.
|
This
Agreement shall terminate upon either: (i) the later of the final payment
or
other liquidation (or any advance with respect thereto) of the last Mortgage
Loan or the disposition of any REO Property with respect to the last Mortgage
Loan and the remittance of all funds due hereunder; or (ii) mutual consent
of
the Company and the Purchaser in writing.
Section 11.02 |
Termination
Without Cause.
|
The
Purchaser may terminate, at its sole option, any rights the Company may have
hereunder, without cause, as provided in this Section 11.02. Any such notice
of
termination shall be in writing and delivered to the Company by registered
mail
as provided in Section 12.05.
In
the
event the Purchaser terminates the Company without cause with respect to
some or
all of the Mortgage Loans, the Purchaser shall be required to pay to the
Company
a Termination Fee in an amount equal to 2.0% of the outstanding principal
balance of the terminated Mortgage Loans as of the date of such
termination.
ARTICLE
XII
MISCELLANEOUS
PROVISIONS
Section 12.01 |
Successor
to Company.
|
Prior
to
termination of the Company’s responsibilities and duties under this Agreement
pursuant to Sections 9.04, 10.01, 11.01 (ii) or pursuant to Section 11.02
after
the 90 day period has expired, the Purchaser shall, (i) succeed to and assume
all of the Company’s responsibilities, rights, duties and obligations under this
Agreement, or (ii) appoint a successor having the characteristics set forth
in
clauses (i) through (iii) of Section 9.02 and which shall succeed to all
rights
and assume all of the responsibilities, duties and liabilities of the Company
under this Agreement prior to the termination of Company’s responsibilities,
duties and liabilities under this Agreement. In connection with such appointment
and assumption, the Purchaser may make such arrangements for the compensation
of
such successor out of payments on Mortgage Loans as it and such successor
shall
agree. In the event that the Company’s duties, responsibilities and liabilities
under this Agreement should be terminated pursuant to the aforementioned
sections, the Company shall discharge such duties and responsibilities during
the period from the date it acquires knowledge of such termination until
the
effective date thereof with the same degree of diligence and prudence which
it
is obligated to exercise under this Agreement, and shall take no action
whatsoever that might impair or prejudice the rights or financial condition
of
its successor. The resignation or removal of the Company pursuant to the
aforementioned sections shall not become effective until a successor shall
be
appointed pursuant to this Section 12.01 and shall in no event relieve the
Company of the representations and warranties made pursuant to Sections 3.01
and
3.02 and the remedies available to the Purchaser under Sections 3.03, 3.04,
3.05
and 3.07, it being understood and agreed that the provisions of such Sections
3.01, 3.02, 3.03, 3.04, 3.05 and 3.07 shall be applicable to the Company
notwithstanding any such sale, assignment, resignation or termination of
the
Company, or the termination of this Agreement.
Any
successor appointed as provided herein shall execute, acknowledge and deliver
to
the Company and to the Purchaser an instrument accepting such appointment,
wherein the successor shall make the representations and warranties set forth
in
Section 3.01, except for subsections (f), (h), (i) and (k) thereof, whereupon
such successor shall become fully vested with all the rights, powers, duties,
responsibilities, obligations and liabilities of the Company, with like effect
as if originally named as a party to this Agreement. Any termination or
resignation of the Company or termination of this Agreement pursuant to Section
9.04, 10.01, 11.01 or 11.02 shall not affect any claims that any Purchaser
may
have against the Company arising out of the Company’s actions or failure to act
prior to any such termination or resignation.
The
Company shall deliver promptly to the successor servicer the Funds in the
Custodial Account and Escrow Account and all Mortgage Files and related
documents and statements held by it hereunder and the Company shall account
for
all funds and shall execute and deliver such instruments and do such other
things as may reasonably be required to more fully and definitively vest
in the
successor all such rights, powers, duties, responsibilities, obligations
and
liabilities of the Company.
Upon
a
successor’s acceptance of appointment as such, the Company shall notify by mail
the Purchaser of such appointment in accordance with the procedures set forth
in
Section 12.05.
Section 12.02 |
Amendment.
|
This
Agreement may be amended from time to time by the Company and the Purchaser
by
written agreement signed by the Company and the Purchaser.
Section 12.03 |
Governing
Law.
|
This
Agreement shall be construed in accordance with the laws of the State of
New
York and the obligations, rights and remedies of the parties hereunder shall
be
determined in accordance with such laws.
Section 12.04 |
Duration
of Agreement.
|
This
Agreement shall continue in existence and effect until terminated as herein
provided. This Agreement shall continue notwithstanding transfers of the
Mortgage Loans by the Purchaser.
Section 12.05 |
Notices.
|
All
demands, notices and communications hereunder shall be in writing and shall
be
deemed to have been duly given if personally delivered at or mailed by
registered mail, postage prepaid, addressed as follows:
(i) if
to the
Company:
Countrywide
Home Loans, Inc.,
0000
Xxxx
Xxxxxxx
Xxxxxxxxx,
XX 00000
Attention:
Xxxxx Xxxxxxx
or
such
other address as may hereafter be furnished to the Purchaser in writing by
the
Company;
(ii) if
to
Purchaser:
EMC
Mortgage Corporation
Mac
Xxxxxx Xxxxx XX
000
Xxxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxxxx,
Xxxxx 00000-0000
Attention:
Xxxxxx Xxxxx
Section 12.06 |
Severability
of Provisions.
|
If
any
one or more of the covenants, agreements, provisions or terms of this Agreement
shall be held invalid for any reason whatsoever, then such covenants,
agreements, provisions or terms shall be deemed severable from the remaining
covenants, agreements, provisions or terms of this Agreement and shall in
no way
affect the validity or enforceability of the other provisions of this
Agreement.
Section 12.07 |
Relationship
of Parties.
|
Nothing
herein contained shall be deemed or construed to create a partnership or
joint
venture between the parties hereto and the services of the Company shall
be
rendered as an independent contractor and not as agent for the
Purchaser.
Section 12.08 |
Execution;
Successors and Assigns.
|
This
Agreement may be executed in one or more counterparts and by the different
parties hereto on separate counterparts, each of which, when so executed,
shall
be deemed to be an original; such counterparts, together, shall constitute
one
and the same agreement. Subject to Section 8.04, this Agreement shall inure
to
the benefit of and be binding upon the Company and the Purchaser and their
respective successors and assigns.
Section 12.09 |
Recordation
of Assignments of Mortgage.
|
To
the
extent permitted by applicable law, each of the Assignments of Mortgage is
subject to recordation in all appropriate public offices for real property
records in all the counties or other comparable jurisdictions in which any
or
all of the Mortgaged Properties are situated, and in any other appropriate
public recording office or elsewhere, such recordation to be effected at
the
Company’s expense in the event recordation is either necessary under applicable
law or requested by the Purchaser at its sole option accordance with Section
14
of the Purchase Agreement.
Section 12.10 |
Assignment
by Purchaser.
|
The
Purchaser shall have the right, without the consent of the Company but subject
to the limit set forth in Section 2.02 hereof, to assign, in whole or in
part,
its interest under this Agreement with respect to some or all of the Mortgage
Loans, and designate any person to exercise any rights of the Purchaser
hereunder, by executing an Assignment and Assumption Agreement substantially
in
the form of Exhibit
G
hereto.
Upon such assignment of rights and assumption of obligations, the assignee
or
designee shall accede to the rights and obligations hereunder of the Purchaser
with respect to such Mortgage Loans and the Purchaser as assignor shall be
released from all obligations hereunder with respect to such Mortgage Loans
from
and after the date of such assignment and assumption. All references to the
Purchaser in this Agreement shall be deemed to include its assignee or
designee.
Section 12.11 |
No
Personal Solicitation.
|
From
and
after the related Closing Date, the Company hereby agrees that it will not
take
any action or permit or cause any action to be taken by any of its agents
or
affiliates, or by any independent contractors or independent mortgage brokerage
companies on the Company’s behalf, to personally, by telephone or mail, solicit
the Mortgagor under any Mortgage Loan for the purpose of refinancing such
Mortgage Loan; provided, that the Company may solicit any Mortgagor for whom
the
Company has received a request for verification of mortgage, a request for
demand for payoff, a mortgagor initiated written or verbal communication
indicating a desire to prepay the related Mortgage Loan, or the mortgagor
initiates a title search, provided further, it is understood and agreed that
promotions undertaken by the Company or any of its affiliates which (i) concern
optional insurance products or other additional projects, (ii) are directed
to
the general public at large, including, without limitation, mass mailings
based
on commercially acquired mailing lists, newspaper, radio and television
advertisements, (iii) are directed to mortgagors who have a specific type
of
mortgage (i.e., balloon Mortgage Loans, LIBOR Mortgage Loans, etc.) or (iv)
directed to those mortgagors whose mortgages fall within specific interest
rate
ranges shall not constitute solicitation under this Section 12.11 nor is
the
Company prohibited from responding to unsolicited requests or inquiries made
by
a Mortgagor or an agent of a Mortgagor. Notwithstanding the foregoing, the
following solicitations, if undertaken by the Company or any affiliate of
the
Company, shall not be prohibited under this Section 12.11: (i) solicitations
that are directed to the general public at large, including, without limitation,
mass mailings based on commercially acquired mailing lists and newspaper,
radio,
television and other mass media advertisements; (ii) borrower messages included
on, and statement inserts provided with, the monthly statements sent to
Mortgagors; provided, however, that similar messages and inserts are sent
to the
borrowers of other mortgage loans serviced by the Company.
IN
WITNESS WHEREOF,
the
Company and the Purchaser have caused their names to be signed hereto by
their
respective officers thereunto duly authorized as of the day and year first
above
written.
EMC MORTGAGE CORPORATION | ||
|
|
|
By: | ||
Name: |
Xxxxxx
Xxxxx
|
|
Title: | President |
COUNTRYWIDE HOME LOANS, INC. | ||
|
|
|
By: | ||
Name: |
|
|
Title:
|
|
|
|
STATE OF NEW YORK | ) |
) ss.: | |
COUNTY OF __________ | ) |
On
the __
day of ________, 200_ before me, a Notary Public in and for said State,
personally appeared ________, known to me to be Vice President of EMC Mortgage
Corporation, the federal savings association that executed the within instrument
and also known to me to be the person who executed it on behalf of said
corporation, and acknowledged to me that such corporation executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand affixed my office seal the day
and
year in this certificate first above written.
Notary Public | ||
My Commission expires |
STATE OF | ) |
) ss.: | |
COUNTY OF __________ | ) |
On
the __
day of _______, 200_ before me, a Notary Public in and for said State,
personally appeared __________, known to me to be ______________ of Countrywide
Home Loans, Inc. the corporation that executed the within instrument and
also
known to me to be the person who executed it on behalf of said corporation,
and
acknowledged to me that such corporation executed the within
instrument.
IN
WITNESS WHEREOF, I have hereunto set my hand affixed my office seal the day
and
year in this certificate first above written.
Notary Public | ||
My Commission expires |
EXHIBIT
A
MORTGAGE
LOAN SCHEDULE
EXHIBIT
B
CONTENTS
OF EACH MORTGAGE FILE
With
respect to each Mortgage Loan, the Mortgage File shall include each of the
following items, which shall be available for inspection by the Purchaser
and
any prospective Purchaser, and which shall be retained by the Company in
the
Servicing File or delivered to the Custodian pursuant to Section 2.01 and
2.03
of the Seller’s Warranties and Servicing Agreement to which this Exhibit is
attached (the “Agreement”):
1.
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The
original Mortgage Note bearing all intervening endorsements,
endorsed “Pay
to the order of _________ without recourse” and signed in the name of the
Company by an authorized officer (in the event that the Mortgage
Loan was
acquired by the Company in a merger, the signature must be in
the
following form: “Countrywide Home Loans, Inc., successor by merger to
[name of predecessor]”; and in the event that the Mortgage Loan was
acquired or originated by the Company while doing business under
another
name, the signature must be in the following form: “Countrywide Home
Loans, Inc., formerly known as [previous name]”).
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2.
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The
original of any guarantee executed in connection with the Mortgage
Note
(if any).
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3.
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The
original Mortgage, with evidence of recording thereon. If in
connection
with any Mortgage Loan, the Company cannot deliver or cause to
be
delivered the original Mortgage with evidence of recording thereon
on or
prior to the related Closing Date because of a delay caused by
the public
recording office where such Mortgage has been delivered for recordation
or
because such Mortgage has been lost or because such public recording
office retains the original recorded Mortgage, the Company shall
deliver
or cause to be delivered to the Custodian, a photocopy of such
Mortgage,
together with (i) in the case of a delay caused by the public
recording
office, an Officer’s Certificate of the Company stating that such Mortgage
has been dispatched to the appropriate public recording office
for
recordation and that the original recorded Mortgage or a copy
of such
Mortgage certified by such public recording office to be a true
and
complete copy of the original recorded Mortgage will be promptly
delivered
to the Custodian upon receipt thereof by the Company; or (ii)
in the case
of a Mortgage where a public recording office retains the original
recorded Mortgage or in the case where a Mortgage is lost after
recordation in a public recording office, a copy of such Mortgage
certified by such public recording office or by the title insurance
company that issued the title policy to be a true and complete
copy of the
original recorded Mortgage.
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4.
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The
originals of all assumption, modification, consolidation or extension
agreements, with evidence of recording thereon.
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5.
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The
original Assignment of Mortgage for each Mortgage Loan, in form
and
substance acceptable for recording, delivered in blank. If the
Mortgage
Loan was acquired by the Company in a merger, the Assignment
of Mortgage
must be made by “Countrywide Home Loans, Inc., successor by merger to
[name of predecessor].” If the Mortgage Loan was acquired or originated by
the Company while doing business under another name, the Assignment
of
Mortgage must be by “Countrywide Home Loans, Inc., formerly known as
[previous name].”
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6.
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Originals
of all intervening assignments of the Mortgage with evidence
of recording
thereon, or if any such intervening assignment has not been returned
from
the applicable recording office or has been lost or if such public
recording office retains the original recorded assignments of
mortgage,
the Company shall deliver or cause to be delivered to the Custodian,
a
photocopy of such intervening assignment, together with (i) in
the case of
a delay caused by the public recording office, an Officer’s Certificate of
the Company stating that such intervening assignment of mortgage
has been
dispatched to the appropriate public recording office for recordation
and
that such original recorded intervening assignment of mortgage
or a copy
of such intervening assignment of mortgage certified by the appropriate
public recording office or by the title insurance company that
issued the
title policy to be a true and complete copy of the original recorded
intervening assignment of mortgage will be promptly delivered
to the
Custodian upon receipt thereof by the Company; or (ii) in the
case of an
intervening assignment where a public recording office retains
the
original recorded intervening assignment or in the case where
an
intervening assignment is lost after recordation in a public
recording
office, a copy of such intervening assignment certified by such
public
recording office to be a true and complete copy of the original
recorded
intervening assignment.
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7.
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The
original mortgagee policy of title insurance or attorney’s opinion of
title and abstract of title.
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8.
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Any
security agreement, chattel mortgage or equivalent executed in
connection
with the Mortgage.
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9.
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The
original hazard insurance policy and, if required by law, flood
insurance
policy, in accordance with Section 4.10 of the
Agreement.
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10.
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Residential
loan application.
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11.
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Mortgage
Loan closing statement.
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12.
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Verification
of employment and income.
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13.
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Verification
of acceptable evidence of source and amount of
downpayment.
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14.
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Credit
report on the Mortgagor.
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15.
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Residential
appraisal report.
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16.
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Photograph
of the Mortgaged Property.
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17.
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Survey
of the Mortgaged Property.
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18.
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Copy
of each instrument necessary to complete identification of any
exception
set forth in the exception schedule in the title policy, i.e.,
map or
plat, restrictions, easements, sewer agreements, home association
declarations, etc.
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19.
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All
required disclosure statements.
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20.
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If
available, termite report, structural engineer’s report, water potability
and septic certification.
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21.
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Sales
contract.
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22.
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Tax
receipts, insurance premium receipts, ledger sheets, payment
history from
date of origination, insurance claim files, correspondence, current
and
historical computerized data files, and all other processing,
underwriting
and closing papers and records which are customarily contained
in a
mortgage loan file and which are required to document the Mortgage
Loan or
to service the Mortgage Loan.
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In
the
event an Officer’s Certificate of the Company is delivered to the Custodian
because of a delay caused by the public recording office in returning any
recorded document, the Company shall deliver to the Custodian, within 180
days
of the related Closing Date, an Officer’s Certificate which shall (i) identify
the recorded document, (ii) state that the recorded document has not been
delivered to the Custodian due solely to a delay caused by the public recording
office, (iii) state the amount of time generally required by the applicable
recording office to record and return a document submitted for recordation,
and
(iv) specify the date the applicable recorded document will be delivered
to the
Custodian. The Company shall be required to deliver to the Custodian the
applicable recorded document by the date specified in (iv) above. An extension
of the date specified in (iv) above may be requested from the Purchaser,
which
consent shall not be unreasonably withheld.
EXHIBIT
C
MORTGAGE
LOAN DOCUMENTS
The
Mortgage Loan Documents for each Mortgage Loan shall include each of the
following items, which shall be delivered to the Custodian pursuant to Section
2.01 of the Seller’s Warranties and Servicing Agreement to which this Exhibit is
annexed (the “Agreement”):
(a) the
original Mortgage Note bearing all intervening endorsements, endorsed “Pay to
the order of ___________, without recourse” and signed in the name of the
Company by an authorized officer. To the extent that there is no room on
the
face of the Mortgage Note for endorsements, the endorsement may be contained
on
an allonge, if state law so allows. If the Mortgage Loan was acquired by
the
Company in a merger, the endorsement must be by “Countrywide Home Loans, Inc.,
successor by merger to [name of predecessor].” If the Mortgage Loan was acquired
or originated by the Company while doing business under another name, the
endorsement must be by “Countrywide Home Loans, Inc., formerly known as
[previous name]”;
(b) the
original of any guarantee executed in connection with the Mortgage
Note;
(c) the
original Mortgage with evidence of recording thereon, and the original recorded
power of attorney, if the Mortgage was executed pursuant to a power of attorney,
with evidence of recording thereon;
(d) the
originals of all assumption, modification, consolidation or extension
agreements, with evidence of recording thereon;
(e) the
original Assignment of Mortgage for each Mortgage Loan, in form and substance
acceptable for recording, delivered in blank, or the original Assignment
of
Mortgage in recordable form into MERS. If the Mortgage Loan was acquired
by the
Company in a merger, the Assignment of Mortgage must be made by “Countrywide
Home Loans, Inc., successor by merger to [name of predecessor].” If the Mortgage
Loan was acquired or originated by the Company while doing business under
another name, the Assignment of Mortgage must be by “Countrywide Home Loans,
Inc., formerly known as [previous name];”
(f) the
originals of all intervening assignments of mortgage with evidence of recording
thereon, including warehousing assignments, if any;
(g) the
original mortgagee title insurance policy;
(h) such
other documents as the Purchaser may require.
EXHIBIT
D-1
CUSTODIAL
ACCOUNT CERTIFICATION
_____________________,
200_
Countrywide
Home Loans, Inc. hereby certifies that it has established the account described
below as a Custodial Account pursuant to Section 4.04 of the Seller’s Warranties
and Servicing Agreement, dated as of September 1, 2002, Residential Adjustable
Rate Mortgage Loans.
Title
of
Account: Countrywide
Home Loans, Inc. in trust for the Purchaser
Account
Number: _______________
Address
of office or branch
of
the
Company at
which
Account is maintained:
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Countrywide
Home Loans, Inc.
Company
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By: | ||
Name:
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Title:
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EXHIBIT
D-2
CUSTODIAL
ACCOUNT LETTER AGREEMENT
_________________,
200_
To: | ||
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(the “Depository”) |
As
Company under the Seller’s Warranties and Servicing Agreement, dated as of
September 1, 2002, Residential Adjustable Rate Mortgage Loans (the “Agreement”),
we hereby authorize and request you to establish an account, as a Custodial
Account pursuant to Section 4.04 of the Agreement, to be designated as
“[Servicer] in trust for the Purchaser - Residential Adjustable Rate Mortgage
Loans.” All deposits in the account shall be subject to withdrawal therefrom by
order signed by the Company. You may refuse any deposit which would result
in
violation of the requirement that the account be fully insured as described
below. This letter is submitted to you in duplicate. Please execute and return
one original to us.
[COUNTRYWIDE
HOME LOANS, INC.]
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By: | ||
Name:
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Title:
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Date:
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The
undersigned, as Depository, hereby certifies that the above described account
has been established under Account Number __________, at the office of the
Depository indicated above, and agrees to honor withdrawals on such account
as
provided above. The full amount deposited at any time in the account will
be
insured by the Federal Deposit Insurance Corporation through the Bank Insurance
Fund (“BIF”) or the Savings Association Insurance Fund (“SAIF”).
Depository
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By: | ||
Name:
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Title:
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Date:
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EXHIBIT
E-1
ESCROW
ACCOUNT CERTIFICATION
__________________,
200_
Countrywide
Home Loans, Inc. hereby certifies that it has established the account described
below as an Escrow Account pursuant to Section 4.06 of the Seller’s Warranties
and Servicing Agreement, dated as of September 1, 2002, Residential Adjustable
Rate Mortgage Loans.
Title
of
Account: “Countrywide
Home Loans, Inc. in trust for the Purchaser and various
Mortgagors.”
Account
Number: _______________
Address
of office or branch
of
the
Company at
which
Account is maintained:
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[COUNTRYWIDE
HOME LOANS, INC.]
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By: | ||
Name:
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Title:
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EXHIBIT
E-2
ESCROW
ACCOUNT LETTER AGREEMENT
___________________,
200_
To: | ||
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(the “Depository”) |
As
Company under the Seller’s Warranties and Servicing Agreement, dated as of
September 1, 2002 Residential Adjustable Rate Mortgage Loans (the “Agreement”),
we hereby authorize and request you to establish an account, as an Escrow
Account pursuant to Section 4.07 of the Agreement, to be designated as
“[Servicer], in trust for the Purchaser - Residential Adjustable Rate Mortgage
Loans.” All deposits in the account shall be subject to withdrawal therefrom by
order signed by the Company. You may refuse any deposit which would result
in
violation of the requirement that the account be fully insured as described
below. This letter is submitted to you in duplicate. Please execute and return
one original to us.
[COUNTRYWIDE
HOME LOANS, INC.]
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By: | ||
Name:
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Title:
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Date:
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The
undersigned, as Depository, hereby certifies that the above described account
has been established under Account Number ______, at the office of the
Depository indicated above, and agrees to honor withdrawals on such account
as
provided above. The full amount deposited at any time in the account will
be
insured by the Federal Deposit Insurance Corporation through the Bank Insurance
Fund (“BIF”) or the Savings Association Insurance Fund (“SAIF”).
Depository
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By: | ||
Name:
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Title:
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Date:
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EXHIBIT F
MONTHLY
REMITTANCE ADVICE
EXHIBIT
G
ASSIGNMENT
AND ASSUMPTION
_________________,
200_
ASSIGNMENT
AND ASSUMPTION, dated __________, between __________________________________,
a
___________________ corporation having an office at __________________
(“Assignor”) and _________________________________, a __________________
corporation having an office at __________________ (“Assignee”):
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:
1. The
Assignor hereby grants, transfers and assigns to Assignee all of the right,
title and interest of Assignor, as purchaser, in, to and under that certain
Seller’s Warranties and Servicing Agreement, Residential Adjustable Rate
Mortgage Loans (the “Seller’s Warranties and Servicing Agreement”), dated as of
September 1, 2002, by and between EMC Mortgage Corporation (the “Purchaser”),
and Countrywide Home Loans, Inc. (the “Company”), and the Mortgage Loans
delivered thereunder by the Company to the Assignor.
2. The
Assignor warrants and represents to, and covenants with, the Assignee
that:
a. The
Assignor is the lawful owner of the Mortgage Loans with the full right
to
transfer the Mortgage Loans free from any and all claims and encumbrances
whatsoever;
b. The
Assignor has not received notice of, and has no knowledge of, any offsets,
counterclaims or other defenses available to the Company with respect to
the
Seller’s Warranties and Servicing Agreement or the Mortgage Loans;
c. The
Assignor has not waived or agreed to any waiver under, or agreed to any
amendment or other modification of, the Seller’s Warranties and Servicing
Agreement, the Custodial Agreement or the Mortgage Loans, including without
limitation the transfer of the servicing obligations under the Seller’s
Warranties and Servicing Agreement. The Assignor has no knowledge of, and
has
not received notice of, any waivers under or amendments or other modifications
of, or assignments of rights or obligations under, the Seller’s Warranties and
Servicing Agreement or the Mortgage Loans; and
d. Neither
the Assignor nor anyone acting on its behalf has offered, transferred,
pledged,
sold or otherwise disposed of the Mortgage Loans, any interest in the Mortgage
Loans or any other similar security to, or solicited any offer to buy or
accept
a transfer, pledge or other disposition of the Mortgage Loans, any interest
in
the Mortgage Loans or any other similar security from, or otherwise approached
or negotiated with respect to the Mortgage Loans, any interest in the Mortgage
Loans or any other similar security with, any person in any manner, or
made any
general solicitation by means of general advertising or in any other manner,
or
taken any other action which would constitute a distribution of the Mortgage
Loans under the Securities Act of 1933 (the “33 Act”) or which would render the
disposition of the Mortgage Loans a violation of Section 5 of the 33 Act
or
require registration pursuant thereto.
3. The
Assignee warrants and represents to, and covenants with, the Assignor and
the
Company that:
a. The
Assignee agrees to be bound, as Purchaser, by all of the terms, covenants
and
conditions of the Seller’s Warranties and Servicing Agreement, the Mortgage
Loans and the Custodial Agreement, and from and after the date hereof,
the
Assignee assumes for the benefit of each of the Company and the Assignor
all of
the Assignor’s obligations as Purchaser thereunder;
b. The
Assignee understands that the Mortgage Loans have not been registered under
the
33 Act or the securities laws of any state;
c. The
purchase price being paid by the Assignee for the Mortgage Loans are in
excess
of $250,000 and will be paid by cash remittance of the full purchase price
within 60 days of the sale;
d. The
Assignee is acquiring the Mortgage Loans for investment for its own account
only
and not for any other person. In this connection, neither the Assignee
nor any
Person authorized to act therefor has offered the Mortgage Loans by means
of any
general advertising or general solicitation within the meaning of Rule
502(c) of
U.S. Securities and Exchange Commission Regulation D, promulgated under
the 1933
Act;
e. The
Assignee considers itself a substantial, sophisticated institutional investor
having such knowledge and experience in financial and business matters
that it
is capable of evaluating the merits and risks of investment in the Mortgage
Loans;
f. The
Assignee has been furnished with all informa¬tion regarding the Mortgage Loans
that it has requested from the Assignor or the Company;
g. Neither
the Assignee nor anyone acting on its behalf has offered, transferred,
pledged,
sold or otherwise disposed of the Mortgage Loans, any interest in the Mortgage
Loans or any other similar security to, or solicited any offer to buy or
accept
a transfer, pledge or other disposition of the Mortgage Loans, any interest
in
the Mortgage Loans or any other similar security from, or otherwise approached
or negotiated with respect to the Mortgage Loans, any interest in the Mortgage
Loans or any other similar security with, any person in any manner which
would
constitute a distribution of the Mortgage Loans under the 33 Act or which
would
render the disposition of the Mortgage Loans a violation of Section 5 of
the 33
Act or require registration pursuant thereto, nor will it act, nor has
it
authorized or will it authorize any person to act, in such manner with
respect
to the Mortgage Loans; and
h. Either:
(1) the Assignee is not an employee benefit plan (“Plan”) within the meaning of
section 3(3) of the Employee Retirement Income Security Act of 1974, as
amended
(“ERISA”) or a plan (also “Plan”) within the meaning of section 4975(e)(1) of
the Internal Revenue Code of 1986 (“Code”), and the Assignee is not directly or
indirectly purchasing the Mortgage Loans on behalf of, investment manager
of, as
named fiduciary of, as Trustee of, or with assets of, a Plan; or (2) the
Assignee’s purchase of the Mortgage Loans will not result in a prohibited
transaction under section 406 of ERISA or section 4975 of the Code.
i. The
Assignee’s address for purposes of all notices and correspondence related to the
Mortgage Loans and the Seller’s Warranties and Servicing Agreement
is:
Attention: |
The
Assignee’s wire transfer instructions for purposes of all remittances and
payments related to the Mortgage Loans and the Seller’s Warranties and Servicing
Agreement are:
IN
WITNESS WHEREOF, the parties have caused this Assignment and Assumption to
be
executed by their duly authorized officers as of the date first above
written.
Assignor
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Assignee
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By:
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By:
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Its:
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Its:
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EXHIBIT
H
UNDERWRITING
GUIDELINES
EXHIBIT
I
ACKNOWLEDGMENT
AGREEMENT
On
this
____ day of ____________, 200_, EMC Mortgage Corporation, (the “Purchaser”) as
the Purchaser under that certain Seller’s Warranties and Servicing Agreement
dated as of September 1, 2002, (the “Agreement”), does hereby contract with
Countrywide Home Loans Inc. (the “Company”) as Company under the Agreement, for
the servicing responsibilities related to the Mortgage Loans listed on the
related Mortgage Loan Schedule attached hereto. The Company hereby accepts
the
servicing responsibilities transferred hereby and on the date hereof assumes
all
servicing responsibilities related to the Mortgage Loans identified on the
related Mortgage Loan Schedule all in accordance with the Agreement. The
contents of each Servicing File required to be delivered to service the Mortgage
Loans pursuant to the Agreement have been or shall be delivered to the Company
by the Purchaser in accordance with the terms of the Agreement.
With
respect to the Mortgage Loans made subject to the Agreement hereby, the related
Closing Date shall be ___________________.
All
other
terms and conditions of this transaction shall be governed by the
Agreement.
Capitalized
terms used herein and not otherwise defined shall have the meanings set forth
in
the Agreement.
This
Acknowledgment 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.
IN
WITNESS WHEREOF, the Purchaser and the Company have caused their names to
be
signed hereto by their respective officers thereunto duly authorized as of
the
day and year first above written.
PURCHASER:
EMC
MORTGAGE CORPORATION
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By: | ||
Name:
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Title: |
SELLER:
COUNTRYWIDE
HOME LOANS, INC.
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By: | ||
Name:
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Title: |
AMENDMENT
NUMBER ONE
to
the
SELLER’S
WARRANTIES AND SERVICING AGREEMENT
dated
as
of September 1, 2002
by
and
between
COUNTRYWIDE
HOME LOANS, INC.
Company,
and
EMC
MORTGAGE CORPORATION
Purchaser
This
AMENDMENT NUMBER
ONE is
made this 1st
day of
January, 2003, by and between COUNTRYWIDE HOME LOANS, INC.,
having
an
address at 0000 Xxxx Xxxxxxx, Xxxxxxxxx, Xxxxxxxxxx 00000 (the “Company”) and
EMC MORTGAGE CORPORATION, having an address at Mac Xxxxxx Xxxxx XX, 000
Xxxxxx
Xxxxx Xxxxx, Xxxxx 000, Xxxxxx, Xxxxx 00000-0000 (the “Purchaser”), to the
Seller’s Warranties and Servicing Agreement, dated as of September 1, 2002, by
and between the Company and the Purchaser (the “Agreement”).
RECITALS
WHEREAS,
the Company and the Purchaser have agreed to amend the Agreement as set
forth
herein.
NOW
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged, and for the mutual covenants herein contained,
the parties hereto hereby agree as follows:
SECTION
1. Amendments.
Effective as of January 1, 2003, the Agreement is hereby modified by making
the
following additions, deletions or modifications:
A) |
All
references to “Residential Adjustable Rate Mortgage Loans” are hereby
deleted in their entirety and replaced with “Residential Fixed and
Adjustable Rate Mortgage Loans” in the following sections: (i) the cover
page, (ii) Section 4.04, (iii) Section 4.06, (iv) Exhibit D-1,
(v) Exhibit
D-2, (vi) Exhibit E-1, (vii) Exhibit E-2, and (viii) Exhibit
G.
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B) |
The
references to “adjustable rate” are hereby deleted and replaced with
“fixed and adjustable rate” in the following sections: (i) the
introductory sentence of the Agreement, and (ii) Section 3.01(i).
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C) |
The
definition of “Convertible Mortgage Loan” is hereby deleted in its
entirety.
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D) |
The
definition of “5/1 ARM Mortgage Loan” is hereby deleted in its
entirety.
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E) |
The
definition of “Gross Margin” is hereby modified by deleting it in its
entirety and replacing it with the
following:
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Gross
Margin:
With
respect to each adjustable rate Mortgage Loan, the fixed percentage amount
set
forth on the related Mortgage Note, which amount is added to the Index
in
accordance with the terms of the related Mortgage Note to determine on
each
Interest Rate Adjustment Date, the Mortgage Interest Rate for such Mortgage
Loan.
F) |
The
definition of “Index” is hereby modified by deleting it in its entirety
and replacing it with the
following:
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Index:
With
respect to any adjustable rate Mortgage Loan, the index identified on the
related Mortgage Loan Schedule and set forth in the related Mortgage Note
for
the purpose of calculating the Mortgage Interest Rate thereon.
G) |
The
definition of “Initial Rate Cap” is hereby modified by deleting it in its
entirety and replacing it with the
following:
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Initial
Rate Cap:
With
respect to each adjustable rate Mortgage Loan and the initial Interest
Rate
Adjustment Date therefor, a number of percentage points per annum that
is set
forth in the related Mortgage Loan Schedule and in the related Mortgage
Note,
which is the maximum amount by which the Mortgage Interest Rate for such
adjustable rate Mortgage Loan may increase or decrease from the Mortgage
Interest Rate in effect immediately prior to such Interest Rate Adjustment
Date.
H) |
The
definition of “LIBOR Mortgage Loan” is hereby deleted in its
entirety.
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I) |
The
definition of “Lifetime Mortgage Interest Rate Cap” is hereby modified by
deleting it in its entirety and replacing it with the
following:
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Lifetime
Mortgage Interest Rate Cap:
With respect to each adjustable rate Mortgage Loan, the absolute maximum
Mortgage Interest Rate payable, above which the Mortgage Interest Rate
cannot be
adjusted.
J) |
The
definition of “Mortgage Interest Rate” is hereby modified by deleting it
in its entirety and replacing it with the
following:
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Mortgage
Interest Rate:
The
annual rate at which Interest accrues on any Mortgage Loan, and with respect
to
adjustable rate Mortgage Loans, the annual rate at which Interest accrues
as
adjusted from time to time in accordance with the provisions of the related
Mortgage Note and in compliance with the related Initial Rate Cap, Lifetime
Mortgage Interest Rate Cap and Periodic Rate Cap, if any, of the related
Mortgage Note.
K) |
The
definition of “Mortgage Loan” is hereby modified by deleting it in its
entirety and replacing it with the
following:
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Mortgage
Loan:
An
individual fixed or adjustable rate Mortgage
Loan which is the subject of this Agreement, each Mortgage Loan originally
sold
and subject to this Agreement being identified on the Mortgage Loan Schedule,
which Mortgage Loan includes without limitation the Mortgage File, the
Monthly
Payments, Principal Prepayments, Liquidation Proceeds, condemnation proceeds,
Insurance Proceeds, REO disposition proceeds, and all other rights, benefits,
proceeds and obligations arising from or in connection with such Mortgage
Loan.
L) |
The
definition of “Non-Convertible Mortgage Loan” is hereby deleted in its
entirety.
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M) |
The
definition of “Servicing Fee Rate” is hereby modified by deleting it in
its entirety and replacing it with the
following:
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Servicing
Fee Rate:
(i)
0.25% per annum with respect to fixed rate Mortgage Loans and certain adjustable
rate Mortgage Loans as specified on the Mortgage Loan Schedule, (ii) 0.375%
per
annum with respect to certain adjustable rate Mortgage Loans as specified
on the
Mortgage Loan Schedule, and (iii) 0.25% with respect to certain adjustable
rate
Mortgage Loans for the period prior to the initial Interest Rate Adjustment
Date
and 0.375% for the period following the initial Interest Rate Adjustment
Date as
specified in the Mortgage Loan Schedule.
N) |
The
definition of “7/1 ARM Mortgage Loan” is hereby deleted in its
entirety.
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O) |
The
definition of “10/1 ARM Mortgage Loan” is hereby deleted in its
entirety.
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P) |
The
definition of “3/1 ARM Mortgage Loan” is hereby deleted in its
entirety.
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Q) |
The
definition of “Treasury Rate Mortgage Loan” is hereby deleted in its
entirety.
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R) |
Section
3.01(c) is hereby modified by deleting the subpart in its entirety
and
replacing it with the following:
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(c) |
No
Conflicts; No Default.
Neither the execution and delivery of this Agreement, the acquisition
of
the Mortgage Loans by the Company, the sale of the Mortgage Loans
to the
Purchaser or the transactions contemplated hereby, nor the fulfillment
of
or compliance with the terms and conditions of this Agreement,
will
conflict with or result in a breach of any of the terms, conditions
or
provisions of the Company’s charter or by-laws or any legal restriction or
any agreement or instrument to which the Company is now a party
or by
which it is bound, or constitute a default or result in an acceleration
under any of the foregoing, or result in the violation of any
law, rule,
regulation, order, judgment or decree to which the Company or
its property
is subject, or impair the ability of the Purchaser to realize
on the
Mortgage Loans, or impair the value of the Mortgage Loans. The
Company is
not in default, and has received no notice of default, under
this
Agreement;
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S) |
Section
3.01(d) is hereby modified by deleting the subpart in its entirety
and
replacing it with the following:
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(d) |
Ability
to Service.
The Company is an approved seller/servicer of conventional residential
mortgage loans for the United States Department of Housing and
Urban
Development (“HUD”), Xxxxxx Xxx, Xxxxxxx Mac, or any successor thereto,
with the facilities, procedures, and experienced personnel necessary
for
the sound servicing of mortgage loans of the same type as the
Mortgage
Loans. The Company is in good standing to sell mortgage loans
to and
service mortgage loans for HUD, Xxxxxx Mae or Xxxxxxx Mac, and
no event
has occurred, including but not limited to a change in insurance
coverage,
which would make the Company unable to comply with HUD, Xxxxxx
Mae or
Xxxxxxx Mac eligibility requirements or which would require notification
to either HUD, Xxxxxx Mae or Xxxxxxx
Mac;
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T) The
following shall be inserted as the last sentence of Section
3.02(f):
“To
the
best of Company’s knowledge, the Mortgaged Property is free of material
damage;”
U) |
The
first sentence of Section 3.02(k) is hereby modified by deleting
the
sentence in its entirety and replacing it with the
following:
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(k) |
Validity
of Mortgage Documents.
The Mortgage Note and the Mortgage are genuine, on forms generally
acceptable to Xxxxxx Mae and Xxxxxxx Mac, and each is the legal,
valid and
binding obligation of the maker thereof enforceable in accordance
with its
terms.
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V) |
The
following shall be inserted as the last sentence of Section
3.02(m):
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“Upon
recordation of the Mortgage Note, Purchaser or its designee will be the
owner of
record of the Mortgage and the indebtedness evidenced by the Mortgage Note.
Upon
the sale of the Mortgage Loans, Purchaser will own such Mortgage Loans
free and
clear of any encumbrance, equity, participation interest, pledge, change,
claim
or security interest.”
W) |
Section
3.02(t) is hereby modified by deleting the subpart in its entirety
and
replacing it with the following:
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(t) |
Origination;
Payment Terms.
The Mortgage Loan was originated by either i) the Company,
which is a
FNMA-approved, FHLMC-approved and HUD-approved mortgage banker,
or ii) an
entity that is a FNMA-approved, FHLMC-approved and HUD-approved
mortgage
banker, or a savings and loan association, a savings bank,
a commercial
bank or similar banking institution which is supervised and
examined by a
Federal or state authority. The Mortgage Interest Rate for
an adjustable
rate Mortgage Loan is adjusted as set forth in the related
Mortgage Note.
The Mortgage Note is payable each month in monthly installments
of
principal and interest, with interest in arrears, and requires
Monthly
Payments sufficient to amortize the original principal balance
of the
Mortgage Loan over a term of no more than 30 years. Each convertible
Mortgage Loan contains a provision whereby the Mortgagor is
permitted to
convert the Mortgage Loan to a fixed-rate mortgage loan. No
Mortgage Loan
has a provision for negative
amortization;
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X) |
Section
3.05 is hereby modified
by deleting the section in its entirety and replacing it with
the
following:
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Section
3.05 Repurchase
Upon Conversion.
In
the
event the Mortgagor under any convertible Mortgage Loan elects to convert
said
Mortgage Loan to a fixed rate mortgage loan, as provided in the related
Mortgage
Note, then the Company shall repurchase the related Mortgage Loan in the
month
the conversion takes place and in the manner prescribed in Section 3.04
at the
Repurchase Price.
Y) |
The
following shall be inserted as the last sentence of Section
9.01:
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“All
indemnification provisions of this Agreement, including but not limited
to those
set forth in this Section 9.01, shall survive the termination of this
Agreement.”
SECTION
2. Defined
Terms.
Any
terms capitalized but not otherwise defined herein shall have the respective
meanings set forth in the Agreement.
SECTION
3. Governing
Law.
THIS
AMENDMENT NUMBER ONE SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF
THE STATE
OF NEW YORK (INCLUDING SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS
LAW)
AND THE OBLIGATIONS, RIGHTS, AND REMEDIES OF THE PARTIES HEREUNDER SHALL
BE
DETERMINED IN ACCORDANCE WITH SUCH LAWS WITHOUT REGARD TO CONFLICT OF LAWS
DOCTRINE APPLIED IN SUCH STATE (OTHER THAN SECTION 5-1401 OF THE NEW YORK
GENERAL OBLIGATIONS LAW).
SECTION
4. Counterparts.
This
Amendment Number One may be executed by each of the parties hereto on any
number
of separate counterparts, each of which shall be an original and all of
which
taken together shall constitute one and the same instrument.
SECTION
5. Limited
Effect.
Except
as amended hereby, the Agreement shall continue in full force and effect
in
accordance with its terms. Reference to this Amendment Number One need
not be
made in the Agreement or any other instrument or document executed in connection
therewith, or in any certificate, letter or communication issued or made
pursuant to, or with respect to, the Agreement, any reference in any of
such
items to the Agreement being sufficient to refer to the Agreement as amended
hereby.
[SIGNATURE
PAGE FOLLOWS]
IN
WITNESS WHEREOF, the Company and the Purchaser have caused this Amendment
Number
One to be executed and delivered by their duly authorized officers as of
the day
and year first above written.
COUNTRYWIDE
HOME LOANS, INC.
(Company)
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By:
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Name:
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Title:
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EMC
MORTGAGE CORPORATION
(Purchaser)
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By:
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Name:
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Title:
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This
AMENDMENT No. 2 (the “Amendment”) is made this 1st
day of
September, 2004, by and between EMC Mortgage Corporation (the “Purchaser”) and
Countrywide Home Loans, Inc. (the “Company”), to the Seller’s Warranties and
Servicing Agreement dated as of September 1, 2002 (the “SWS Agreement”), by and
between the Purchaser and the Company.
WHEREAS,
the Purchaser and the Company desire to amend the SWS Agreement as set
forth
herein.
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged, the parties hereto hereby agrees as
follows:
SECTION
1. Defined
Terms.
Unless
otherwise amended by the terms of this Amendment, terms used in this Amendment
shall have the meanings assigned in the SWS Agreement.
SECTION
2. Amendment.
Effective as of September 1, 2004 the SWS Agreement is hereby amended as
follows:
(a) The
following definition of Qualified Depository is modified by adding the
word
“fully” to it and now reads as follows:
Qualified
Depository:
A
depository the accounts of which are fully insured by the FDIC through
BIF or
SAIF or the debt obligations of which are rated AA (or the equivalent rating
category) or better by a national recognized statistical rating
organization.
(b) The
following definition is added to Article I of the SWS Agreement:
Master
Servicer:
Xxxxx
Fargo Bank, National Association, or its successors in interest.
(c) The
definition of Business Day is deleted in its entirety and replaced with
the
following:
Business
Day:
Any day
other than: (i) a Saturday or Sunday, or (ii) a legal holiday in the States
of
New York, California, Texas, Maryland or Minnesota, or (iii) a day on which
banks in the States of New York, California, Texas, Maryland or Minnesota
are
authorized or obligated by law or executive order to be closed.
(d) Clause
(d) of Section 3.01 of the SWS Agreement is deleted in its entirety and
replaced
with the following:
(d) Ability
to Service.
The
Company is an approved servicer of conventional residential mortgage loans
for
Xxxxxx Xxx or Xxxxxxx Mac, with the facilities, procedures, and experienced
personnel necessary for the sound servicing of mortgage loans of the same
type
as the Mortgage Loans. The Company is in good standing to service mortgage
loans
for Xxxxxx Mae or Xxxxxxx Mac, and no event has occurred, including but
not
limited to a change in insurance coverage, which would make the Company
unable
to comply with Xxxxxx Mae or Xxxxxxx Mac eligibility requirements or which
would
require notification to either Xxxxxx Mae or Xxxxxxx Mac;
(e) Section
3.02(oo) of the SWS Agreement is hereby deleted in its entirety and replaced
with the following:
(oo)
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No
HOEPA or “High Cost” Loans.
No Mortgage Loan is classified as a “high cost” mortgage loan under the
Home Ownership and Equity Protection Act of 1994, as amended,
nor is any
Mortgage Loan a “high cost home,” “covered,” “high risk home” or
“predatory” loan under any applicable state, federal or local law (or a
similarly classified loan using different terminology under a
law imposing
heightened regulatory scrutiny or additional legal liability
for
residential mortgage loans having high interest rates, points
and/or fees)
or any other statute or regulation providing assignee liability
to holders
of such mortgage loans.
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(f)
The
following representations and warranties are added to Section 3.02 of the
SWS
Agreement:
(xx)
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No
Mortgage Loan originated on or after October 1, 2002 through
March 6, 2003
is secured by Mortgaged Property located in the State of
Georgia;
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(yy)
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No
Mortgage Loan originated on or after March 7, 2003 is a “high cost home
loan” as defined under the Georgia Fair Lending
Act;
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(zz)
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With
respect to each Mortgage Loan, accurate and complete information
regarding
the borrower credit files related to such Mortgage Loan has been
furnished
on a monthly basis to credit reporting agencies in compliance
with the
provisions of the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq., and
the applicable implementing
regulations.
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(g) The
following shall be added as the second sentence of the third paragraph
of
Section 4.01 of the SWS Agreement:
In
addition, the Company shall furnish information regarding the borrower
credit
files related to such Mortgage Loan to credit reporting agencies in compliance
with the provisions of the Fair Credit Reporting Act, 15 U.S.C. § 1681 et seq.,
and the applicable implementing regulations, on a monthly basis.
(h) Section
6.04 of the SWS Agreement is deleted in its entirety and replaced with
the
following:
Section
6.04 Annual
Statement as to Compliance.
The
Company will deliver to the Master Servicer on or before March 15 of each
year,
beginning with March 15, 2005 an Officer’s Certificate in a form acceptable for
filing with the Securities and Exchange Commission as an exhibit to a Form
10-K
stating that (i) a review of the activities of the Company during the preceding
calendar year and of performance under this Agreement has been made under
such
officer’s supervision, (ii) the Company has fully complied with the servicing
provisions of this Agreement and (iii) to the best of such officer’s knowledge,
based on such review, the Company has fulfilled all of 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. (“Annual Statement of
Compliance”)
(i) Section
6.05 of the SWS Agreement is deleted in its entirety and replaced with
the
following:
Section
6.05 Annual
Independent Certified Public Accountants’ Servicing Report.
On
or
before March 15 of each year, beginning with March 15, 2005, the Company
at its
expense shall cause a firm of independent public accountants which is a
member
of the American Institute of Certified Public Accountants to furnish a
statement
to the Master Servicer in a form acceptable for filing with the Securities
and
Exchange Commission as an exhibit to a Form 10-K to the effect that such
firm
has examined certain documents and records relating to the servicing of
mortgage
loans by the Company generally that include a sampling of the Mortgage
Loans,
the provisions of Article II and Article IV of this Agreement have been
complied
with and, on the basis of such an examination conducted substantially in
accordance with the Uniform Single Attestation Program for Mortgage Bankers,
such servicing has been conducted in compliance with this Agreement, except
for
(i) such exceptions as such firm shall believe to be immaterial, and (ii)
such
other exceptions as shall be set forth in such statement. (“Annual Independent
Public Accountant’s Servicing Report”)
(j) The
following is added as Section 6.07 of the SWS Agreement:
Section
6.07 Annual
Certification.
(a) For
so
long as (1) the Mortgage Loans are being master serviced by the Master
Servicer
and (2) the Master Servicer is required by Section 302 of the Xxxxxxxx-Xxxxx
Act
of 2002 to provide an annual certification, by March 15th of each year,
beginning with March 15, 2005 (or if not a Business Day, the immediately
preceding Business Day), an officer of the Company 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:
(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 last day of the period
covered by such statements or reports;
(ii) Based
on
my knowledge, the servicing information required to be provided to the
Master
Servicer by the Company under this Servicing Agreement has been provided
to the
Master Servicer;
(iii) I
am
responsible for reviewing the activities performed by the Company under
the
Servicing Agreement and based upon my knowledge and the review required
by this
Servicing Agreement, and except as disclosed in the Annual Statement of
Compliance or the Annual Independent Public Accountant’s Servicing Report
submitted to the Master Servicer, the Servicer has, as of the last day
of the
period covered by the Annual Statement of Compliance, fulfilled its obligations
under this Servicing Agreement; and
(iv) I
have
disclosed to the Master Servicer all significant deficiencies relating
to the
Company’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.
(b) The
Company shall indemnify and hold harmless the Master Servicer and its officers,
directors, agents and affiliates from and against any losses, damages,
penalties, fines, forfeitures, reasonable legal fees and related costs,
judgments and other costs and expenses arising out of or based upon a breach
by
the Company or any of its officers, directors, agents or affiliates of
its
obligations under this Section 6.07 or the negligence, bad faith or willful
misconduct of the Company in connection therewith. If the indemnification
provided for herein is unavailable in whole or in part for any reason,
then the
Company agrees that it shall contribute to the amount paid or payable by
the
Master Servicer as a result of the losses, claims, damages or liabilities
of the
Master Servicer in such proportion as is appropriate to reflect the relative
fault of the Company, in connection with a breach of the Company’s obligations
under this Section 6.07 or the Company’s negligence, bad faith or willful
misconduct in connection therewith.
(k) Section
10.01 is hereby modified by adding the word “or” at the end of clause (ix)
thereof and inserting the following as clause (x):
(x) failure
by the Company to duly perform, within the required time period, its obligations
under Section 6.04, 6.05 or 6.07 which failure continues unremedied for
a period
of ten (10) days after the date on which written notice of such failure,
requiring the same to be remedied, shall have been given to the Company
by any
party to this Servicing Agreement or by any master servicer responsible
for
master servicing the Mortgage Loans pursuant to a securitization of such
Mortgage Loans.
(l) Section
12.03 of the SWS Agreement is deleted in its entirety and replaced with
the
following:
Section
12.03 Governing
Law.
This
Agreement shall be governed by and construed in accordance with the laws
of the
State of New York without giving effect to principles of conflicts of laws
and
except to the extent preempted by Federal law and the obligations, rights
and
remedies of the parties hereunder shall be determined in accordance with
such
laws.
SECTION
3. Effect
of Amendment.
Upon
execution of this Amendment, the SWS Agreement shall be, and be deemed
to be,
modified and amended in accordance herewith and the respective rights,
limitations, obligations, duties, liabilities and immunities of the Purchaser
and the Company shall hereafter be determined, exercised and enforced subject
in
all respects to such modifications and amendments, and all the terms and
conditions of this Amendment shall be deemed to be part of the terms and
conditions of the SWS Agreement for any and all purposes. Except as modified
and
expressly amended by this Amendment, the SWS Agreement is in all respects
ratified and confirmed, and all the terms, provisions and conditions thereof
shall be and remain in full force and effect.
SECTION
4. Binding
Effect.
The
provisions of this Amendment shall be binding upon and inure to the benefit
of
the respective successors and assigns of the parties hereto, and all such
provisions shall inure to the benefit of the Purchaser and the
Company.
SECTION
5. Severability
of Provisions.
If any
one or more of the provisions or terms of this Amendment shall be for any
reason
whatsoever held invalid, then such provisions or terms shall be deemed
severable
from the remaining provisions or terms of this Amendment and shall in no
way
affect the validity or enforceability of the other provisions or terms
of this
Amendment.
SECTION
6. Section
Headings.
The
section headings herein are for convenience of reference only, and shall
not
limit or otherwise affect the meaning hereof.
SECTION
7. Execution
in Counterparts. This
Amendment may be executed by the parties hereto in several counterparts,
each of
which shall be executed by the parties hereto and be deemed an original
and all
of which shall constitute together by one and the same agreement.
SECTION
8. Governing
Law. THIS
AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW
YORK, WITHOUT REFERENCE TO CONFLICT OF LAW PRINCIPLES, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.
IN
WITNESS WHEREOF, the parties have caused this Amendment to the SWS Agreement
to
be executed by their respective officers thereunto duly authorized as of
the day
and year first above written.
EMC MORTGAGE CORPORATION | ||
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By: | ||
Name: |
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Title: |
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COUNTRYWIDE HOME LOANS, INC. | ||
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By: | ||
Name: |
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Title: |
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This
AMENDMENT No. 3 (the “Amendment”) is made this 1st
day of
May, 2005, by and between EMC Mortgage Corporation (the “Purchaser”) and
Countrywide Home Loans, Inc. (the “Company”), to the Seller’s Warranties and
Servicing Agreement dated as of September 1, 2002 (the “SWS Agreement”), by and
between the Purchaser and the Company.
WHEREAS,
the Purchaser and the Company desire to amend the SWS Agreement as set
forth
herein.
NOW,
THEREFORE, for good and valuable consideration, the receipt and sufficiency
of
which are hereby acknowledged, the parties hereto hereby agrees as
follows:
SECTION
1. Defined
Terms.
Unless
otherwise amended by the terms of this Amendment, terms used in this Amendment
shall have the meanings assigned in the SWS Agreement.
SECTION
2. Amendment.
Effective as of May 1, 2005 the SWS Agreement is hereby amended as
follows:
(a)
The
following representation and warranty is added to Section 3.02 of the SWS
Agreement:
(aaa)
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Any
Mortgage Loan with a Mortgaged Property in the State of Illinois
complies
with the Illinois Interest Act.
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SECTION
3. Effect
of Amendment.
Upon
execution of this Amendment, the SWS Agreement shall be, and be deemed
to be,
modified and amended in accordance herewith and the respective rights,
limitations, obligations, duties, liabilities and immunities of the Purchaser
and the Company shall hereafter be determined, exercised and enforced subject
in
all respects to such modifications and amendments, and all the terms and
conditions of this Amendment shall be deemed to be part of the terms and
conditions of the SWS Agreement for any and all purposes. Except as modified
and
expressly amended by this Amendment, the SWS Agreement is in all respects
ratified and confirmed, and all the terms, provisions and conditions thereof
shall be and remain in full force and effect.
SECTION
4. Binding
Effect.
The
provisions of this Amendment shall be binding upon and inure to the benefit
of
the respective successors and assigns of the parties hereto, and all such
provisions shall inure to the benefit of the Purchaser and the
Company.
SECTION
5. Severability
of Provisions.
If any
one or more of the provisions or terms of this Amendment shall be for any
reason
whatsoever held invalid, then such provisions or terms shall be deemed
severable
from the remaining provisions or terms of this Amendment and shall in no
way
affect the validity or enforceability of the other provisions or terms
of this
Amendment.
SECTION
6. Section
Headings.
The
section headings herein are for convenience of reference only, and shall
not
limit or otherwise affect the meaning hereof.
SECTION
7. Execution
in Counterparts. This
Amendment may be executed by the parties hereto in several counterparts,
each of
which shall be executed by the parties hereto and be deemed an original
and all
of which shall constitute together by one and the same agreement.
SECTION
8. Governing
Law. THIS
AGREEMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF
NEW
YORK, WITHOUT REFERENCE TO CONFLICT OF LAW PRINCIPLES, AND THE OBLIGATIONS,
RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE
WITH THE LAWS OF THE STATE OF NEW YORK.
IN
WITNESS WHEREOF, the parties have caused this Amendment to the SWS Agreement
to
be executed by their respective officers thereunto duly authorized as of
the day
and year first above written.
EMC MORTGAGE CORPORATION | ||
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By: | ||
Name: |
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Title: |
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COUNTRYWIDE HOME LOANS, INC. | ||
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By: | ||
Name: |
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Title: |
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EXECUTION
VERSION
AMENDMENT
REG AB
TO
THE
MASTER MORTGAGE LOAN PURCHASEAND SERVICING AGREEMENT
This
is
Amendment Reg AB (“Amendment
Reg AB”),
dated
as of January 1, 2006, by and between EMC Mortgage Corporation (the
“Purchaser”), and
Countrywide Home Loans, Inc. (the “Company”)
to
that certain Seller’s Warranties and Servicing Agreement dated as of September
1, 2002 by and between the Company and the Purchaser (as amended, modified
or
supplemented, the “Existing
Agreement”).
W
I T N E
S S E T H
WHEREAS,
the Company and the Purchaser have agreed, subject to the terms and conditions
of this Amendment Reg AB that the Existing Agreement be amended to reflect
agreed upon revisions to the terms of the Existing Agreement.
Accordingly,
the Company and the Purchaser hereby agree, in consideration of the mutual
premises and mutual obligations set forth herein, that the Existing Agreement
is
hereby amended as follows:
1. Capitalized
terms used herein but not otherwise defined shall have the meanings set
forth in
the Existing Agreement. The Existing Agreement is hereby amended by adding
the
following definitions in their proper alphabetical order:
Commission:
The
United States Securities and Exchange Commission.
Company
Information:
As
defined in Section 2(g)(i)(A)(1).
Depositor:
The
depositor, as such term is defined in Regulation AB, with respect to any
Securitization Transaction.
Exchange
Act:
The
Securities Exchange Act of 1934, as amended.
Master
Servicer:
With
respect to any Securitization Transaction, the “master servicer,” if any,
identified in the related transaction documents.
Qualified
Correspondent:
Any
Person from which the Company purchased Mortgage Loans, provided that the
following conditions are satisfied: (i) such Mortgage Loans were either
(x)
originated pursuant to an agreement between the Company and such Person
that
contemplated that such Person would underwrite mortgage loans from time
to time,
for sale to the Company, in accordance with underwriting guidelines designated
by the Company (“Designated Guidelines”) or guidelines that do not vary
materially from such Designated Guidelines or (y) individually re-underwritten
by the Company to the Designated Guidelines at the time such Mortgage Loans
were
acquired by the Company; (ii) either (x) the Designated Guidelines were,
at the
time such Mortgage Loans were originated, used by the Company in origination
of
mortgage loans of the same type as the Mortgage Loans for the Company’s own
account or (y) the Designated Guidelines were, at the time such Mortgage
Loans
were underwritten, designated by the Company on a consistent basis for
use by
lenders in originating mortgage loans to be purchased by the Company; and
(iii)
the Company employed, at the time such Mortgage Loans were acquired by
the
Company, pre-purchase or post-purchase quality assurance procedures (which
may
involve, among other things, review of a sample of mortgage loans purchased
during a particular time period or through particular channels) designed
to
ensure that either Persons from which it purchased mortgage loans properly
applied the underwriting criteria designated by the Company or the Mortgage
Loans purchased by the Company substantially comply with the Designated
Guidelines.
Reconstitution:
Any
Securitization Transaction or Whole Loan Transfer.
Reconstitution
Agreement:
An
agreement or agreements entered into by the Company and the Purchaser and/or
certain third parties in connection with a Reconstitution with respect
to any or
all of the Mortgage Loans serviced under the Agreement.
Regulation
AB:
Subpart
229.1100 - Asset Backed Securities (Regulation AB), 17 C.F.R.
§§229.1100-229.1123, as such may be amended from time to time, and subject
to
such clarification and interpretation as have been provided by the Commission
in
the adopting release (Asset-Backed
Securities, Securities Act Release No. 33-8518, 70 Fed. Reg. 1,506, 1,531
(Jan.
7, 2005)) or by the staff of the Commission, or as may be provided by the
Commission or its staff from time to time.
Securities
Act:
The Securities Act of 1933, as amended.
Securitization
Transaction:
Any
transaction subject to Regulation AB involving either (1) a sale or other
transfer of some or all of the Mortgage Loans directly or indirectly to
an
issuing entity in connection with an issuance of publicly offered, rated
or
unrated mortgage-backed securities or (2) an issuance of publicly offered,
rated
or unrated securities, the payments on which are determined primarily by
reference to one or more portfolios of residential mortgage loans consisting,
in
whole or in part, of some or all of the Mortgage Loans.
Servicer:
As
defined in Section 2(c)(iii).
Servicing
Criteria:
The
“servicing criteria” set forth in Item 1122(d) of Regulation AB, as such may be
amended from time to time.
Static
Pool Information:
Static
pool information as described in Item 1105 of Regulation AB.
Subcontractor:
Any
vendor, subcontractor or other Person that is not responsible for the overall
servicing (as “servicing” is commonly understood by participants in the
mortgage-backed securities market) of Mortgage Loans but performs one or
more
discrete functions identified in Item 1122(d) of Regulation AB with respect
to
Mortgage Loans under the direction or authority of the Company or a
Subservicer.
Subservicer:
Any
Person that services Mortgage Loans on behalf of the Company or any Subservicer
and is responsible for the performance (whether directly or through Subservicers
or Subcontractors) of a substantial portion of the material servicing functions
required to be performed by the Company under this Agreement or any
Reconstitution Agreement that are identified in Item 1122(d) of Regulation
AB;
provided, however, that the term “Subservicer” shall not include any master
servicer other than the Company, or any special servicer engaged at the
request
of a Depositor, Purchaser or investor in a Securitization Transaction,
nor any
“back-up servicer” or trustee performing servicing functions on behalf of a
Securitization Transaction engaged at the request of a Depositor, Purchaser,
or
investor in a Securitization Transaction.
Third-Party
Originator:
Each
Person, other than a Qualified Correspondent, that originated Mortgage
Loans
acquired by the Company.
Whole
Loan Transfer:
Any
sale or transfer of some or all of the Mortgage Loans, other than a
Securitization Transaction.
2. The
Purchaser and the Company agree that the Existing Agreement is hereby amended
by
adding the following provisions:
(a) Intent
of the Parties; Reasonableness.
The
Purchaser and the Company acknowledge and agree that the purpose of Article
2 of
this Agreement is to facilitate compliance by the Purchaser and any Depositor
with the provisions of Regulation AB and related rules and regulations
of the
Commission. Neither the Purchaser nor any Depositor shall exercise its
right to
request delivery of information or other performance under these provisions
other than in good faith, or for purposes other than compliance with the
Securities Act, the Exchange Act and the rules and regulations of the Commission
thereunder. Although Regulation AB is applicable by its terms only to offerings
of asset-backed securities that are registered under the Securities Act,
the
parties acknowledges that investors in privately offered securities may
require
that the Purchaser or any Depositor provide comparable disclosure in
unregistered offerings. The parties agree over time to negotiate in good
faith
with respect to the provision of comparable disclosure in private offerings.
The
Company acknowledges that interpretations of the requirements of Regulation
AB
may change over time, whether due to interpretive guidance provided by
the
Commission or its staff. The Company agrees to negotiate in good faith
with the
Purchaser or any Depositor with regard to any reasonable requests for delivery
of information under these provisions on the basis of evolving interpretations
of Regulation AB. In connection
with any Securitization Transaction, the Company shall cooperate fully
with the
Purchaser to deliver to the Purchaser (including any of its assignees or
designees) and any Depositor, any and all statements, reports, certifications,
records and any other information necessary to permit the Purchaser or
such
Depositor to comply with the provisions of Regulation AB, together with
such
disclosures relating to the Company, and any parties or items identified
in
writing by the Purchaser, including, any Subservicer, any Third-Party Originator
and the Mortgage Loans, or the servicing of the Mortgage Loans necessary
in
order to effect such compliance, in the Purchaser’s or Depositor’s reasonable
determination.
The
Purchaser agrees that it will cooperate with the Company and provide sufficient
and timely notice of any information requirements pertaining to a Securitization
Transaction. The Purchaser will make all reasonable efforts to limit requests
for information, reports or any other materials to items the Purchaser
reasonably believes is required for compliance with Regulation AB, and
shall not
request information which is not required for such compliance.
(b) Additional
Representations and Warranties of the Company.
(i) The
Company shall be deemed to represent to the Purchaser and to any Depositor,
as
of the date on which information is first provided to the Purchaser or
any
Depositor under Section 2(c) that, except as disclosed in writing to the
Purchaser or such Depositor prior to such date: (i)
the Company is not aware and has not received notice that any default,
early
amortization or other performance triggering event has occurred as to any
other
securitization due to any act or failure to act of the Company; (ii)
the
Company has not been terminated as servicer in a residential mortgage loan
securitization, either due to a servicing default or to application of
a
servicing performance test or trigger; (iii) no
material noncompliance
with the applicable servicing criteria with respect to other securitizations
of
residential mortgage loans involving the Company as servicer
has been disclosed or reported by the Company; (iv) no material
changes to the Company’s policies or procedures with respect to the servicing
function it will perform under this Agreement and any Reconstitution Agreement
for mortgage loans of a type similar to the Mortgage Loans
have occurred during the three-year period immediately preceding the related
Securitization Transaction; (v) there are no aspects of the Company’s financial
condition that could have a material adverse effect on the performance
by
the
Company of its servicing obligations under this Agreement or any Reconstitution
Agreement;
(vi) there are no material
legal or governmental proceedings pending (or known to be contemplated)
against
the Company, any Subservicer or any Third-Party Originator;
and (vii) there are no affiliations, relationships or transactions relating
to
the Company, any Subservicer or any Third-Party Originator with respect
to any
Securitization Transaction and any party thereto identified by the related
Depositor of a type described in Item 1119 of Regulation AB.
(ii) If
so requested by the Purchaser or any Depositor on any date following
the
date
on which information is first provided to the Purchaser or any Depositor
under
Section 2(c),
the Company shall, within five Business Days following such request, confirm
in
writing the accuracy of the representations and warranties set forth in
paragraph (i) of this Section or, if any such representation and warranty
is not
accurate as of the date of such request, provide reasonably adequate disclosure
of the pertinent facts, in writing, to the requesting party.
(c) Information
to Be Provided by the Company.
In
connection with any Securitization Transaction the Company shall (1) within
five
Business Days following request by the Purchaser or any Depositor, provide
to
the Purchaser and such Depositor (or, as applicable, cause each Third-Party
Originator and each Subservicer to provide), in writing reasonably required
for
compliance with Regulation AB, the information and materials specified
in
paragraphs (i), (ii), (iii) and (vi) of this Section 2(c), and (2) as promptly
as practicable following notice to or discovery by the Company, provide
to the
Purchaser and any Depositor (as required by Regulation AB) the information
specified in paragraph (iv) of this Section.
(i) If
so
requested by the Purchaser or any Depositor, the Company shall provide
such
information regarding (x) the Company, as originator of the Mortgage Loans
(including as an acquirer of Mortgage Loans from a Qualified Correspondent,
if
applicable), or (y) as applicable, each Third-Party Originator, and (z)
as
applicable, each Subservicer, as is requested for the purpose of compliance
with
Items 1103(a)(1), 1105 (subject to paragraph (b) below), 1110, 1117 and
1119 of
Regulation AB. Such information shall include, at a minimum:
(A) the
originator’s form of organization;
(B) to
the
extent material, a description of the originator’s origination program and how
long the originator has been engaged in originating residential mortgage
loans,
which description shall include a discussion of the originator’s experience in
originating mortgage loans of a similar type as the Mortgage Loans; if
material,
information regarding the size and composition of the originator’s origination
portfolio; and information that may be material to an analysis of the
performance of the Mortgage Loans, including the originators’ credit-granting or
underwriting criteria for mortgage loans of similar type(s) as the Mortgage
Loans and such other information as the Purchaser or any Depositor may
reasonably request for the purpose of compliance with Item 1110(b)(2) of
Regulation AB;
(C) a
brief
description of any material legal or governmental proceedings pending (or
known
to be contemplated by a governmental authority) against the Company, each
Third-Party Originator, if applicable, and each Subservicer; and
(D) a
description of any affiliation or relationship between the Company, each
Third-Party Originator, if applicable, each Subservicer and any of the
following
parties to a Securitization Transaction, as such parties are identified
to the
Company by the Purchaser or any Depositor in writing or in the related
Reconstitution Agreement within five Business Days in advance of such
Securitization Transaction:
(1)
|
the
sponsor;
|
|
(2)
|
the
depositor;
|
|
(3)
|
the
issuing entity;
|
|
(4)
|
any
servicer;
|
|
(5)
|
any
trustee;
|
|
(6)
|
any
originator;
|
|
(7)
|
any
significant obligor;
|
|
(8)
|
any
enhancement or support provider; and
|
|
(9)
|
any
other material transaction party.
|
(ii) If
so
requested by the Purchaser or any Depositor, and required by Regulation
AB or as
otherwise agreed upon by the Company, the Purchaser and/or the Depositor,
the
Company shall provide (or, as applicable, cause each Third-Party Originator
to
provide) Static Pool Information with respect to the mortgage loans (of
a
similar type as the Mortgage Loans, as reasonably identified by the Purchaser
as
provided below) originated by (a) the Company, if the Company is an originator
of Mortgage Loans (including as an acquirer of Mortgage Loans from a Qualified
Correspondent, if applicable), and/or (b) as applicable, each Third-Party
Originator. Such Static Pool Information shall be prepared by the Company
(or,
if applicable, the Third-Party Originator) on the basis of its reasonable,
good
faith interpretation of the requirements of Item 1105(a)(1)-(3) of Regulation
AB. To the extent that there is reasonably available to the Company (or
Third-Party Originator, as applicable) Static Pool Information with respect
to
more than one mortgage loan type, the Purchaser or any Depositor shall
be
entitled to specify whether some or all of such information shall be provided
pursuant to this paragraph. The content of such Static Pool Information
may be
in the form customarily provided by the Company, and need not be customized
for
the Purchaser or any Depositor. Such Static Pool Information for each vintage
origination year or prior securitized pool, as applicable, shall be presented
in
increments no less frequently than quarterly over the life of the mortgage
loans
included in the vintage origination year or prior securitized pool. The
most
recent periodic increment must be as of a date no later than 135 days prior
to
the date of the prospectus or other offering document in which the Static
Pool
Information is to be included or incorporated by reference. The Static
Pool
Information shall be provided in an electronic format that provides a permanent
record of the information provided, such as a portable document format
(pdf)
file, or other such electronic format.
Promptly
following notice or discovery of a material error (as determined in Company’s
sole discretion), in Static Pool Information provided pursuant to the
immediately preceding paragraph (including an omission to include therein
information required to be provided pursuant to such paragraph), the Company
shall provide corrected Static Pool Information to the Purchaser or any
Depositor, as applicable, in the same format in which Static Pool Information
was previously provided to such party by the Company.
If
so
requested by the Purchaser or any Depositor, the Company shall provide
(or, as
applicable, cause each Third-Party Originator to provide), at the expense
of the
requesting party (to the extent of any additional incremental expense associated
with delivery pursuant to this Agreement), agreed-upon procedures letters
of
certified public accountants pertaining
to Static Pool Information relating to prior securitized pools for
securitizations closed on or after January 1, 2006 or, in the case of Static
Pool Information with respect to the Company’s or, if applicable, Third-Party
Originator’s originations or purchases, to calendar months commencing January 1,
2006,
as the
Purchaser or such Depositor shall reasonably request. Such statements and
letters shall be addressed to and be for the benefit of such parties as
the
Purchaser or such Depositor shall designate, which shall be limited to
any
Sponsor, any Depositor, any broker dealer acting as underwriter, placement
agent
or initial purchaser with respect to a Securitization Transaction or any
other
party that is reasonably and customarily entitled to receive such statements
and
letters in a Securitization Transaction. Any such statement or letter may
take
the form of a standard, generally applicable document accompanied by a
reliance
letter authorizing reliance by the addressees designated by the Purchaser
or
such Depositor.
(iii) If
reasonably requested by the Purchaser or any Depositor, the Company shall
provide such information regarding the Company, as servicer of the Mortgage
Loans, and each Subservicer (each of the Company and each Subservicer,
for
purposes of this paragraph, a “Servicer”), as is reasonably requested for the
purpose of compliance with Item 1108 of Regulation AB. Such information
shall
include, at a minimum:
(A) the
Servicer’s form of organization;
(B) a
description of how long the Servicer has been servicing residential mortgage
loans; a general discussion of the Servicer’s experience in servicing assets of
any type as well as a more detailed discussion of the Servicer’s experience in,
and procedures for, the servicing function it will perform under this Agreement
and any Reconstitution Agreements; information regarding the size, composition
and growth of the Servicer’s portfolio of residential mortgage loans of a type
similar to the Mortgage Loans and information on factors related to the
Servicer
that may be material, in the reasonable determination of the Purchaser
or any
Depositor, to any analysis of the servicing of the Mortgage Loans or the
related
asset-backed securities, as applicable, including, without
limitation:
(1) whether
any prior securitizations of mortgage loans of a type similar to the Mortgage
Loans involving the Servicer have defaulted or experienced an early amortization
or other performance triggering event because of servicing during the three-year
period immediately preceding the related Securitization
Transaction;
(2) the
extent of outsourcing the Servicer utilizes;
(3) whether
there has been previous disclosure of material noncompliance with the applicable
servicing criteria with respect to other securitizations of residential
mortgage
loans involving the Servicer as a servicer during the three-year period
immediately preceding the related Securitization Transaction;
(4) whether
the Servicer has been terminated as servicer in a residential mortgage
loan
securitization, either due to a servicing default or to application of
a
servicing performance test or trigger; and
(5) such
other information as the Purchaser or any Depositor may reasonably request
for
the purpose of compliance with Item 1108(b)(2) of Regulation AB;
(C) a
description of any material changes during the three-year period immediately
preceding the related Securitization Transaction to the Servicer’s policies or
procedures with respect to the servicing function it will perform under
this
Agreement and any Reconstitution Agreements for mortgage loans of a type
similar
to the Mortgage Loans;
(D) information
regarding the Servicer’s financial condition, to the extent that there is a
material risk that an adverse financial event or circumstance involving
the
Servicer could have a material adverse effect on the performance by the
Company
of its servicing obligations under this Agreement or any Reconstitution
Agreement;
(E) information
regarding advances made by the Servicer on the Mortgage Loans and the Servicer’s
overall servicing portfolio of residential mortgage loans for the three-year
period immediately preceding the related Securitization Transaction, which
may
be limited to a statement by an authorized officer of the Servicer to the
effect
that the Servicer has made all advances required to be made on residential
mortgage loans serviced by it during such period, or, if such statement
would
not be accurate, information regarding the percentage and type of advances
not
made as required, and the reasons for such failure to advance;
(F) a
description of the Servicer’s processes and procedures designed to address any
special or unique factors involved in servicing loans of a similar type
as the
Mortgage Loans;
(G) a
description of the Servicer’s processes for handling delinquencies, losses,
bankruptcies and recoveries, such as through liquidation of mortgaged
properties, sale of defaulted mortgage loans or workouts; and
(H) information
as to how the Servicer defines or determines delinquencies and charge-offs,
including the effect of any grace period, re-aging, restructuring, partial
payments considered current or other practices with respect to delinquency
and
loss experience.
(iv) For
the
purpose of satisfying its reporting obligation under the Exchange Act with
respect to any class of asset-backed securities, the Company shall (or
shall
cause each Subservicer and, if applicable, any Third-Party Originator to)
(a)
provide notice within two (2) Business Days to the Purchaser, any Master
Servicer and any Depositor in writing of (1) any merger, consolidation
or sale
of substantially all of the assets of the Company, (2) 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 the Agreement or any Reconstitution Agreement
that qualifies as an “entry into a material definitive agreement” under Item
1.01 of the form 8-K, and (b) provide prompt notice to the Purchaser, the
Master
Servicer and the Depositor of (1) any Event of Default under the terms
of the
Agreement or any Reconstitution Agreement to the extent not known by such
Purchaser, Master Servicer or Depositor, and (2) any material litigation
or
governmental proceedings involving the Company, any Subservicer or any
Third
Party Originator.
(v) To
the
extent the Purchaser or any Depositor does not itself have an affiliation
or
relationship required to be disclosed under Item 1119 of Regulation AB
that
develops following the closing date of a Securitization Transaction, the
Company
shall provide to the Purchaser and any Depositor a description of any such
affiliation or relationship involving the Company, any Subservicer or any
Third-Party Originator no later than 15 calendar days prior to the date
the
Depositor is required to file its Form 10-K disclosing such affiliation
or
relationship. For purposes of the foregoing, the Company (1) shall be entitled
to assume that the parties to the Securitization Transaction with whom
affiliations or relations must be disclosed are the same as on the closing
date
if it provides a written request (which may be by e-mail) to the Depositor
or
Master Servicer, as applicable, requesting such confirmation and either
obtains
such confirmation or receives no response within three (3) Business Days,
(2)
shall not be obligated to disclose any affiliations or relationships that
may
develop after the closing date for the Securitization Transaction with
any
parties not identified to the Company pursuant to clause (D) of paragraph
(i) of
this Section 2(c), and (3) shall be entitled to rely upon any written
identification of parties provided by the Depositor, the Purchaser or any
master
servicer.
(v) As
a
condition to the succession to the Company or any Subservicer as servicer
or
subservicer under this Agreement or any applicable Reconstitution Agreement
related thereto by any Person (i) into which the Company or such Subservicer
may
be merged or consolidated, or (ii) which may be appointed as a successor
to the
Company or any Subservicer, the Company shall provide to the Purchaser,
any
Master Servicer, and any Depositor, at least 15 calendar days prior to
the
effective date of such succession or appointment, (x) written notice to
the
Purchaser and any Depositor of such succession or appointment and (y) in
writing, all information reasonably requested by the Purchaser or any Depositor
in order to comply with its reporting obligation under Item 6.02 of Form
8-K
with respect to any class of asset-backed securities.
(vi) 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, the Company shall, to the extent
the
Company 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):
(a) any
material modifications, extensions or waivers of Mortgage Loan terms, fees,
penalties or payments during the distribution period or that have cumulatively
become material over time (Item 1121(a)(11) of Regulation AB);
(b) material
breaches of Mortgage Loan representations or warranties or transaction
covenants
under the Existing Agreement, as amended herein (Item 1121(a)(12) of Regulation
AB): and
(c) information
regarding any Mortgage Loan 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).
(vii) In
addition to such information as the Company, as servicer, is obligated
to
provide pursuant to other provisions of this Agreement, if reasonably requested
by the Purchaser or any Depositor, the Company shall provide such information
which is available to the Company, regarding the servicing of the Mortgage
Loans
as is reasonably required to facilitate preparation of distribution reports
in
accordance with Item 1121 of Regulation AB.
(d) Servicer
Compliance Statement.
On
or
before March 5 of each calendar year, commencing in 2007, the Company shall
deliver to the Purchaser and any Depositor a statement of compliance addressed
to the Purchaser and such Depositor and signed by an authorized officer
of the
Company, to the effect that (i) a review of the Company’s servicing activities
during the immediately preceding calendar year (or applicable portion thereof)
and of its performance under the servicing provisions of this Agreement
and any
applicable Reconstitution Agreement during such period has been made under
such
officer’s supervision, and (ii) to the best of such officers’ knowledge, based
on such review, the Company has fulfilled all of its servicing obligations
under
this Agreement and any applicable Reconstitution Agreement in all material
respects throughout such calendar year (or applicable portion thereof)
or, if
there has been a failure to fulfill any such obligation in any material
respect,
specifically identifying each such failure known to such officer and the
nature
and the status thereof.
(e) Report
on Assessment of Compliance and Attestation.
(i) On
or
before March 5 of each calendar year, commencing in 2007, the Company
shall:
(A) deliver
to the Purchaser and any Depositor a report regarding the Company’s assessment
of compliance with the Servicing Criteria during the immediately preceding
calendar year, as required under Rules 13a-18 and 15d-18 of the Exchange
Act and
Item 1122 of Regulation AB. Such report shall be addressed to the Purchaser
and
such Depositor and signed by an authorized officer of the Company, and
shall
address each of the applicable Servicing Criteria specified on a certification
substantially in the form of Exhibit A hereto (wherein “investor” shall mean the
Master Servicer) delivered to the Purchaser concurrently with the execution
of
this Agreement;
(B) deliver
to the Purchaser and any Depositor a report of a registered public accounting
firm that attests to, and reports on, the assessment of compliance made
by the
Company and delivered pursuant to the preceding paragraph. Such attestation
shall be in accordance with Rules 1-02(a)(3) and 2-02(g) of Regulation
S-X under
the Securities Act and the Exchange Act;
(C) if
required by Regulation AB, cause each Subservicer and each Subcontractor
determined by the Company pursuant to Section 2(f)(ii) to be “participating in
the servicing function” within the meaning of Item 1122 of Regulation AB (each,
a “Participating Entity”), to deliver to the Purchaser and any Depositor an
assessment of compliance and accountants’ attestation as and when provided in
paragraphs (A) and (B) of this Section 2(e)(i); and
(D) deliver
or, if required by Regulation AB, cause each Subservicer and Subcontractor
described in Section 2(e)(i)(C) above to deliver to the Purchaser, Depositor
or
any other Person 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 the appropriate officer of the Company, in the
form
attached hereto as Exhibit B; provided that such certification delivered
by the
Company may not be filed as an exhibit to, or included in, any filing with
the
Commission.
The
Company acknowledges that the party identified in clause (i)(D) above may
rely
on the certification provided by the Company pursuant to such clause in
signing
a Sarbanes Certification and filing such with the Commission. Neither the
Purchaser nor any Depositor will request deliver of a certification under
clause
(D) above unless the Purchaser, Depositor or any other Person is required
under
the Exchange Act to file an annual report on Form 10-K with respect to
an
issuing entity whose asset pool includes Mortgage Loans.
(ii) Each
assessment of compliance provided by a Subservicer pursuant to Section
2(e)(i)(A) shall address each of the applicable Servicing Criteria specified
on
a certification substantially in the form of Exhibit A hereto delivered
to the
Purchaser concurrently with the execution of this Agreement or, in the
case of a
Subservicer subsequently appointed as such, on or prior to the date of
such
appointment. An assessment of compliance provided by a Participating Entity
pursuant to Section 2(e)(i)(C) need not address any elements of the Servicing
Criteria other than those specified by the Company pursuant to Section
2(f).
(iii) If
reasonably requested by the Purchaser or any Depositor, the Company shall
provide to the Purchaser, any Master Servicer or any Depositor, evidence
of the
authorization of the person signing any certification or statement pursuant
to
Section 2(d) or 2(e) of this Agreement.
(f) Use
of
Subservicers and Subcontractors.
The
Company shall not hire or otherwise utilize the services of any Subservicer
to
fulfill any of the obligations of the Company as servicer under this Agreement
or any related Reconstitution Agreement unless the Company complies with
the
provisions of paragraph (i) of this Subsection (f). The Company shall not
hire
or otherwise utilize the services of any Subcontractor, and shall not permit
any
Subservicer to hire or otherwise utilize the services of any Subcontractor,
to
fulfill any of the obligations of the Company as servicer under this Agreement
or any related Reconstitution Agreement unless the Company complies with
the
provisions of paragraph (ii) of this Subsection (f).
(i) It
shall
not be necessary for the Company to seek the consent of the Purchaser or
any
Depositor to the utilization of any Subservicer. If required by Regulation
AB,
the Company shall cause any Subservicer used by the Company (or by any
Subservicer) for the benefit of the Purchaser and any Depositor to comply
with
the provisions of this Section and with Sections 2(b), 2(c)(iii), 2(c)(v),
2(d),
and 2(e) of this Agreement , and to provide the information required with
respect to such Subservicer under Section 2(c)(iv) of this Agreement. The
Company shall be responsible for obtaining from each Subservicer and delivering
to the Purchaser and any Depositor any servicer compliance statement required
to
be delivered by such Subservicer under Section 2(d), any assessment of
compliance and attestation required to be delivered by such Subservicer
under
Section 2(e) and any certification required to be delivered to the Person
that
will be responsible for signing the Sarbanes Certification under Section
2(e) as
and when required to be delivered.
(ii) It
shall
not be necessary for the Company to seek the consent of the Purchaser or
any
Depositor to the utilization of any Subcontractor. If required by Regulation
AB,
the Company shall promptly upon request provide to the Purchaser and any
Depositor (or any designee of the Depositor, such as a master servicer
or
administrator) a written description of the role and function of each
Subcontractor utilized by the Company or any Subservicer, specifying (A)
the
identity of each such Subcontractor, (B) which (if any) of such Subcontractors
are Participating Entities, and (C) which elements of the Servicing Criteria
will be addressed in assessments of compliance provided by each Participating
Entity identified pursuant to clause (B) of this paragraph.
The
Company shall cause any such Participating Entity used by the Company (or
by any
Subservicer) for the benefit of the Purchaser and any Depositor to comply
with
the provisions of Section 2(e) of this Agreement. The Company shall be
responsible for obtaining from each Participating Entity and delivering
to the
Purchaser and any Depositor any assessment of compliance and attestation
and
certificate required to be delivered by such Participating Entity under
Section
2(e), in each case as and when required to be delivered.
(g) Indemnification;
Remedies.
(i) The
Company
shall
indemnify the Purchaser and each of the following parties participating
in a Securitization Transaction: each
sponsor and issuing entity; each Person responsible for the 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 Person who controls any of such parties
(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 and employees of each
of the
foregoing and of the Depositor, 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:
(A)(1) any
untrue statement of a material fact contained or alleged to be contained
in
any
written information, written report, certification or other material
provided
under
this Amendment Reg AB
by or on
behalf of the Company,
or provided under this Amendment Reg AB by or on behalf of any Subservicer,
Participating Entity or, if applicable, Third-Party Originator (collectively,
the “Company Information”),
or (2)
the omission or alleged omission to state in the Company Information a
material
fact required to be stated in the Company 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 (2) of this paragraph shall be construed solely by reference to
the
Company Information and not to any other information communicated in connection
with a sale or purchase of securities, without regard to whether the Company
Information or any portion thereof is presented together with or separately
from
such other information;
(B) any
failure by the Company, any Subservicer, any Participating Entity or any
Third-Party
Originator to deliver any information, report, certification, accountants’
letter or other material when and as required under this Amendment Reg
AB,
including any failure by the Company to identify pursuant to Section 2(f)(ii)
any Participating Entity; or
(C) any
breach by the Company of a representation or warranty set forth in Section
2(b)(i) or in a writing furnished pursuant to Section 2(b)(ii) 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
Company of a representation or warranty in a writing furnished pursuant
to
Section 2(b)(ii) to the extent made as of a date subsequent to such closing
date.
In
the
case of any failure of performance described in clause (i)(B) of this Section,
the Company shall promptly reimburse the Purchaser, any Depositor, as
applicable, and each Person responsible for the 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 Company, any
Subservicer, any Participating Entity or any Third-Party
Originator.
(ii) (A) Any
failure by the Company, any Subservicer, any Participating Entity or any
Third-Party
Originator to deliver any information, report, certification, accountants’
letter or other material when and as required under this Amendment Reg
AB ,
which continues unremedied for three Business Days after receipt by the
Company
and the applicable Subservicer, Subcontractor, or Third-Party Originator
of
written notice of such failure from the Purchaser or Depositor shall, except
as
provided in clause (B) of this paragraph, constitute an Event of Default
with
respect to the Company 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 Company
as
servicer under this Agreement and/or any applicable Reconstitution Agreement
related thereto without payment (notwithstanding anything in this Agreement
or
any applicable Reconstitution Agreement related thereto to the contrary)
of any
compensation to the Company (and if the Company is servicing any of the
Mortgage
Loans in a Securitization Transaction, appoint a successor servicer reasonably
acceptable to any Master Servicer for such Securitization Transaction);
provided,
however
it is
understood that the Company shall retain any rights pursuant to which it
may be
entitled to receive reimbursement for unreimbursed Monthly Advances and
Servicing Advances made by the Company under this Agreement and/or any
applicable Reconstitution Agreement. Notwithstanding anything to the contrary
set forth herein, 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 Company as servicer,
such provision shall be given effect.
(B) Any
failure by the Company, any Subservicer or any Participating Entity to
deliver any information, report, certification or accountants’ letter required
under Regulation AB when and as required under Section 2(d) or 2(e), including
any failure by the Company to identify a Participating Entity, 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 Company 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 Company 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 Company; provided, however
it is
understood that the Company shall retain any rights pursuant to which it
may be
entitled to receive reimbursement for unreimbursed Monthly Advances and
Servicing Advances made by the Company under this Agreement and/or any
applicable Reconstitution Agreement. Notwithstanding anything to the contrary
set forth herein, 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 Company as servicer,
such provision shall be given effect.
(C) The
Company shall promptly reimburse the Purchaser (or any affected 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
Company 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 Company, 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.
(iii) The
Purchaser agrees to indemnify and hold harmless the Company, any Subservicer,
any Participating Entity, and, if applicable, any Third-Party Originator,
each
Person who controls any of such parties (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 and employees of each
of the
foregoing 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
any
untrue statement or alleged untrue statement of any material fact contained
in
any filing with the Commission with respect to a Securitization Transaction
or
the omission or alleged omission to state in any filing with the Commission
with
respect to a Securitization Transaction
a
material fact required to be stated or necessary to be stated in order
to make
the statements therein, in the light of the circumstances under which they
were
made, not misleading,
in each
case to the extent, but only to the extent, that such untrue statement,
alleged
untrue statement, omission, or alleged omission relates to any filing with
the
Commission with respect to a Securitization Transaction other than the
Company
Information.
(iv) If
the
indemnification provided for herein is unavailable or insufficient to hold
harmless the indemnified party, then the indemnifying party 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 uncured 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 indemnifying party on the
other.
(v) This
indemnification shall survive the termination of this Amendment Reg AB
or the
termination of any party to this Amendment Reg AB.
3. Notwithstanding
any other provision of this Amendment Reg AB, the Company shall seek the
consent
of the Purchaser for the utilization of all Subservicers and Participating
Entities, when required by and in accordance with the terms of the Existing
Agreement.
4. The
Existing Agreement is hereby amended by adding the Exhibits attached hereto
as
Exhibit A and Exhibit B to the end thereto. References in this Amendment
Reg AB
to “this Agreement” or words of similar import (including indirect references to
the Agreement) shall be deemed to be references to the Existing Agreement
as
amended by this Amendment Reg AB. Except as expressly amended and modified
by
this Amendment Reg AB, the Agreement shall continue to be, and shall remain,
in
full force and effect in accordance with its terms. In the event of a conflict
between this Amendment Reg AB and any other document or agreement, including
without limitation the Existing Agreement, this Amendment Reg AB shall
control.
5. All
notification pursuant to Section 2(c)(iv) should be sent to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000-0000
Attention:
Conduit Seller Approval Dept.
Facsimile:
(000) 000-0000
Email:
xxxxxxxxxxxxxx@xxxx.xxx
With
a
copy to:
Bear,
Xxxxxxx & Co. Inc.
000
Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx,
Xxxx, XX 00000
Attention:
Global Credit Administration
Facsimile:
(000) 000-0000
All
notification pursuant to Section 2(c)(iv)(4) should be sent to:
EMC
Mortgage Corporation
Two
Mac
Xxxxxx Xxxxx
000
Xxxxxx Xxxxx Xxxxx, Xxxxx 000
Xxxxxx,
XX 00000
Attention:
Associate General Counsel for Loan Administration
Facsimile:
(000) 000-0000
With
copies to:
Bear,
Xxxxxxx & Co. Inc.
000
Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx,
Xxxx, XX 00000
Attention:
Global Credit Administration
Facsimile:
(000) 000-0000
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000-0000
Attention:
Conduit Seller Approval Dept.
Facsimile:
(000) 000-0000
Email:
xxxxxxxxxxxxxx@xxxx.xxx
All
notifications to any Master Servicer, to the extent such “Master Servicer” is
Xxxxx Fargo, should be sent to:
UPS/FedEx
Delivery:
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
XX 00000
Attention:
Corporate Trust Group, [Insert Deal Name]
USPS
Delivery:
X.X.
Xxx
00
Xxxxxxxx,
XX 00000
Attention:
Corporate Trust Group, [Insert Deal Name]
6. This
Amendment Reg AB shall be governed by and construed in accordance with
the laws
of the State of New York without reference to its conflict of laws provisions
(other than Section 5-1401 of the General Obligation Law), and the obligations,
rights and remedies of the parties hereunder shall be determined accordance
with
such laws.
7. This
Amendment Reg AB may be executed in one or more counterparts and by different
parties hereto on separate counterparts, each of which, when so executed,
shall
constitute one and the same agreement. This Amendment Reg AB will become
effective as of the date first mentioned above. This
Amendment Reg AB shall bind and inure to the benefit of and be enforceable
by
the Company and the Purchaser and the respective permitted successors and
assigns of the Company and the successors and assigns of the
Purchaser.
[Signature
Page Follows]
IN
WITNESS WHEREOF, the parties have caused their names to be signed hereto
by
their respective officers thereunto duly authorized as of the day and year
first
above written.
EMC
MORTGAGE CORPORATION
Purchaser
|
|
By:
|
|
Name:
|
|
Title:
|
|
COUNTRYWIDE
HOME LOANS, INC.
Company
|
|
By:
|
|
Name:
|
|
Title:
|
EXHIBIT
A
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 applicable criteria identified below as
“Applicable Servicing Criteria”:
Servicing
Criteria
|
Applicable
Servicing Criteria
|
|
Reference
|
Criteria
|
|
|
General
Servicing Considerations
|
|
1122(d)(1)(i)
|
Policies
and procedures are instituted to monitor any performance or other
triggers
and events of default in accordance with the transaction
agreements.
|
X
|
1122(d)(1)(ii)
|
If
any material servicing activities are outsourced to third parties,
policies and procedures are instituted to monitor the third party’s
performance and compliance with such servicing activities.
|
X
|
1122(d)(1)(iii)
|
Any
requirements in the transaction agreements to maintain a back-up
servicer
for the mortgage loans are maintained.
|
|
1122(d)(1)(iv)
|
A
fidelity bond and errors and omissions policy is in effect on
the party
participating in the servicing function throughout the reporting
period in
the amount of coverage required by and otherwise in accordance
with the
terms of the transaction agreements.
|
X
|
|
Cash
Collection and Administration
|
|
1122(d)(2)(i)
|
Payments
on mortgage loans are deposited into the appropriate custodial
bank
accounts and related bank clearing accounts no more than two
business days
following receipt, or such other number of days specified in
the
transaction agreements.
|
X
|
1122(d)(2)(ii)
|
Disbursements
made via wire transfer on behalf of an obligor or to an investor
are made
only by authorized personnel.
|
X
|
1122(d)(2)(iii)
|
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 approved as specified in the transaction
agreements.
|
X
|
1122(d)(2)(iv)
|
The
related accounts for the transaction, such as cash reserve accounts
or
accounts established as a form of overcollateralization, are
separately
maintained (e.g., with respect to commingling of cash) as set
forth in the
transaction agreements.
|
X
|
1122(d)(2)(v)
|
Each
custodial account is maintained at a federally insured depository
institution as set forth in the transaction agreements. For purposes
of
this criterion, “federally insured depository institution” with respect to
a foreign financial institution means a foreign financial institution
that
meets the requirements of Rule 13k-1(b)(1) of the Securities
Exchange
Act.
|
X
|
1122(d)(2)(vi)
|
Unissued
checks are safeguarded so as to prevent unauthorized
access.
|
X
|
1122(d)(2)(vii)
|
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 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 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.
|
X
|
|
Investor
Remittances and Reporting
|
|
1122(d)(3)(i)
|
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.
|
X
|
1122(d)(3)(ii)
|
Amounts
due to investors are allocated and remitted in accordance with
timeframes,
distribution priority and other terms set forth in the transaction
agreements.
|
X
|
1122(d)(3)(iii)
|
Disbursements
made to an investor are posted within two business days to the
Servicer’s
investor records, or such other number of days specified in the
transaction agreements.
|
X
|
1122(d)(3)(iv)
|
Amounts
remitted to investors per the investor reports agree with cancelled
checks, or other form of payment, or custodial bank
statements.
|
X
|
|
Pool
Asset Administration
|
|
1122(d)(4)(i)
|
Collateral
or security on mortgage loans is maintained as required by the
transaction
agreements or related mortgage loan documents.
|
X
|
1122(d)(4)(ii)
|
Mortgage
loan and related documents are safeguarded as required by the
transaction
agreements
|
X
|
1122(d)(4)(iii)
|
Any
additions, removals or substitutions to the asset pool are made,
reviewed
and approved in accordance with any conditions or requirements
in the
transaction agreements.
|
X
|
1122(d)(4)(iv)
|
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
other number of days specified in the transaction agreements,
and
allocated to principal, interest or other items (e.g., escrow)
in
accordance with the related mortgage loan documents.
|
X
|
1122(d)(4)(v)
|
The
Servicer’s records regarding the mortgage loans agree with the Servicer’s
records with respect to an obligor’s unpaid principal
balance.
|
X
|
1122(d)(4)(vi)
|
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
authorized personnel in accordance with the transaction agreements
and
related pool asset documents.
|
X
|
1122(d)(4)(vii)
|
Loss
mitigation or recovery actions (e.g., forbearance plans, modifications
and
deeds in lieu of foreclosure, foreclosures and repossessions,
as
applicable) are initiated, conducted and concluded in accordance
with the
timeframes or other requirements established by the transaction
agreements.
|
X
|
1122(d)(4)(viii)
|
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, or such other
period
specified in the transaction agreements, and describe the entity’s
activities in monitoring delinquent mortgage loans including,
for example,
phone calls, letters and payment rescheduling plans in cases
where
delinquency is deemed temporary (e.g., illness or
unemployment).
|
X
|
1122(d)(4)(ix)
|
Adjustments
to interest rates or rates of return for mortgage loans with
variable
rates are computed based on the related mortgage loan
documents.
|
X
|
1122(d)(4)(x)
|
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 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 the related mortgage
loans,
or such other number of days specified in the transaction
agreements.
|
X
|
1122(d)(4)(xi)
|
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
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 other number of days specified in the transaction
agreements.
|
X
|
1122(d)(4)(xii)
|
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, unless the late payment was due to the obligor’s error or
omission.
|
X
|
1122(d)(4)(xiii)
|
Disbursements
made on behalf of an obligor are posted within two business days
to the
obligor’s records maintained by the servicer, or such other number of
days
specified in the transaction agreements.
|
X
|
1122(d)(4)(xiv)
|
Delinquencies,
charge-offs and uncollectible accounts are recognized and recorded
in
accordance with the transaction agreements.
|
X
|
1122(d)(4)(xv)
|
Any
external enhancement or other support, identified in Item 1114(a)(1)
through (3) or Item 1115 of Regulation AB, is maintained as set
forth in
the transaction agreements.
|
[NAME
OF COMPANY] [NAME OF SUBSERVICER]
|
|
Date:
|
|
By:
|
|
Name:
|
|
Title:
|
EXHIBIT
B
FORM
OF
ANNUAL CERTIFICATION
Re: |
The
[ ] agreement dated as of [ ],
200[ ] (the “Agreement”), among [IDENTIFY
PARTIES]
|
I,
________________________________, the _______________________ of Countrywide
Home Loans, Inc., certify to [the Purchaser], [the Depositor], [Master
Servicer], [Securities Administrator] or [Trustee], and its 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 (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] or [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] or [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; and
[Intentionally
Left Blank]
(5) The
Compliance Statement required to be delivered by the Company pursuant to
this
Agreement, and the Servicing Assessment and Attestation Report required
to be
provided by the Company and by each Subservicer and Participating Entity
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.
Date:
|
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By:
|
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Name:
|
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Title:
|
EXHIBIT
I
FORM
OF
COUNTRYWIDE ASSIGNMENT AGREEMENT
ASSIGNMENT,
ASSUMPTION AND RECOGNITION AGREEMENT
This
Assignment, Assumption and Recognition Agreement (the “Agreement”) is made and
entered into as of
April
30, 2007 (the “Effective Date”), among EMC Mortgage Corporation, having an
address at 0000
Xxxx
Xxxxx Xxxxx, Xxxxxxxxxx, Xxxxx 00000
(the
“Assignor”), Xxxxx Fargo Bank, N.A., not individually but solely as Trustee for
the holders of Bear
Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3,
having
an address at 0000
Xxx
Xxxxxxxxx Xxxx, Xxxxxxxx, Xxxxxxxx 00000
(the “Assignee”) and Countrywide Home Loans Servicing LP, having an address at
000 Xxxxxxxxxxx Xxx, Xxxx Xxxxxx, Xxxxxxxxxx 00000 (the “Company”).
WHEREAS,
the Assignor has acquired certain mortgage loans set forth on Attachment
1
(the
“Mortgage Loans”) from Countrywide Home Loans, Inc. (the “Seller”) pursuant to
that certain Seller’s Warranties and Servicing Agreement, dated as of September
1, 2002, as amended by Amendment No. 1, dated January 1, 2003, Amendment
No. 2,
dated September 1, 2004 and as amended by Amendment Reg AB to the Master
Mortgage Loan Purchase and Servicing Agreement, dated as of January 1, 2006,
by
and between the Assignor and Countrywide Home Loans, Inc. (the “SWS Agreement”);
and
WHEREAS,
the Seller has assigned its rights and obligations under the SWS Agreement
to
the Company and the Company is currently servicing the Mortgage Loans for
the
benefit of the Assignor in accordance with the terms and conditions of the
SWS
Agreement.
For
and
in consideration of the mutual promises and agreements contained herein,
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:
1. Defined
terms used in this Agreement and not otherwise defined herein shall have
the
meaning set forth in the SWS
Agreement.
2. The
Company recognizes the Assignor as owner of the Mortgage Loans and acknowledges
that it is currently servicing the Mortgage Loans for the benefit of the
Assignor. From and after the date hereof, the Company agrees that it will
service the Mortgage Loans pursuant to the terms of the SWS Agreement (as
modified herein) which terms are incorporated herein by reference.
3. The
Assignor hereby grants, transfers and assigns to the Assignee all of the
right,
title, interest and obligations of the Assignor, as purchaser, in, to and
under
(a) the Mortgage Loans and (b) the SWS Agreement with respect to the Mortgage
Loans.
4. The
Assignor specifically reserves and does not assign to the Assignee hereunder
any
and all right, title and interest in, to and under any and all obligations
of
the Assignor with respect to any mortgage loans subject to the SWS Agreement
which are not Mortgage Loans and are not the subject of this
Agreement.
5. The
Assignor warrants and represents to, and covenants with, the Assignee that
as of
the date hereof:
(a) |
Attached
hereto as Attachment
2
is
a true and accurate copy of the servicing provisions of the SWS
Agreement
(Articles IV, V, and VI), which is in full force and effect as
of the date
hereof and the provisions of which have not been waived, amended
or
modified in any material respect, nor has any notice of termination
been
given thereunder;
|
(b) |
The
Assignor is the lawful owner of the Mortgage Loans with full right
to
transfer the Mortgage Loans and any and all of its interests, rights
and
obligations under the SWS Agreement as they relate to the Mortgage
Loans,
free and clear from any and all claims and encumbrances; and upon
the
transfer of the Mortgage Loans to the Assignee as contemplated
herein, the
Assignee shall have good title to each and every Mortgage Loan,
as well as
any and all of the Assignor’s interests, rights and obligations under the
SWS Agreement, except as otherwise set forth herein, as they relate
to the
Mortgage Loans, free and clear of any and all liens, claims and
encumbrances;
|
(c) |
There
are no known offsets, counterclaims or other defenses available
to the
Company with respect to the Mortgage Loans or the SWS
Agreement;
|
(d) |
The
Assignor has no knowledge of, and has not received notice of, any
waivers
under, or any modification of, any Mortgage
Loan;
|
(e) |
The
Assignor is duly organized, validly existing and in good standing
under
the laws of the jurisdiction of its incorporation, and has all
requisite
power and authority to acquire, own and sell the Mortgage
Loans;
|
(f) |
The
Assignor has full corporate power and authority to execute, deliver
and
perform its obligations under this Agreement, and to consummate
the
transactions set forth herein. The consummation of the transactions
contemplated by this Agreement is in the ordinary course of the
Assignor’s
business and will not conflict with, or result in a breach of,
any of the
terms, conditions or provisions of the Assignor’s charter or by-laws or
any legal restriction, or any material agreement or instrument
to which
the Assignor 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 Assignor or its property is subject. The execution, delivery
and
performance by the Assignor of this Agreement and the consummation
by it
of the transactions contemplated hereby, have been duly authorized
by all
necessary corporate action on the part of the Assignor. This Agreement
has
been duly executed and delivered by the Assignor and, upon the
due
authorization, execution and delivery by the Assignee and the Company,
will constitute the valid and legally binding obligation of the
Assignor
enforceable against the Assignor 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;
|
(g) |
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 Assignor in connection with the execution, delivery
or
performance by the Assignor of this Agreement, or the consummation
by it
of the transactions contemplated hereby. Neither the Assignor nor
anyone
acting on its behalf has offered, transferred, pledged, sold or
otherwise
disposed of the Mortgage Loans or any interest in the Mortgage
Loans, or
solicited any offer to buy or accept a transfer, pledge or other
disposition of the Mortgage Loans, or any interest in the Mortgage
Loans
or otherwise approached or negotiated with respect to the Mortgage
Loans,
or any interest in the Mortgage Loans with any Person in any manner,
or
made any general solicitation by means of general advertising or
in any
other manner, or taken any other action which would constitute
a
distribution of the Mortgage Loans under the Securities Act of
1933, as
amended (the “1933 Act”)
or
which would render the disposition of the Mortgage Loans a violation
of
Section 5 of the 1933 Act or require registration pursuant thereto;
and
|
(h) |
The
Assignor has received from the Company, and has delivered to the
Assignee,
all documents required to be delivered to the Assignor by the Company
prior to the date hereof pursuant to the SWS Agreement with respect
to the
Mortgage Loans and has not received, and has not requested from
the
Company, any additional documents.
|
6. The
Assignee
warrants and represents to, and covenants with, the Assignor and the Company
as
of the date hereof:
(a) |
The
Assignee
is duly organized, validly existing and in good standing under
the laws of
the jurisdiction of its organization and has all requisite power
and
authority to hold the Mortgage Loans as trustee on behalf of the
holders
of Bear Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates,
Series
2007-3;
|
(b) |
The
Assignee has full corporate power and authority to execute and
deliver
this Agreement, and to consummate the transactions set forth herein.
The
consummation of the transactions contemplated by this Agreement
is in the
ordinary course of the Assignee’s business and will not conflict with, or
result in a breach of, any of the terms, conditions or provisions
of the
Assignee’s charter or by-laws or any legal restriction, or any material
agreement or instrument to which the Assignee 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 Assignee or its property
is
subject. The execution, delivery and performance by the Assignee
of this
Agreement and the consummation by it of the transactions contemplated
hereby, have been duly authorized by all necessary corporate action
on the
part of the Assignee. This Agreement has been duly executed and
delivered
by the Assignee and, upon the due authorization, execution and
delivery by
the Assignor and the Company, will constitute the valid and legally
binding obligation of the Assignee enforceable against the Assignee
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 Assignee in connection with the execution, delivery
or
performance by the Assignee of this Agreement, or the consummation
by it
of the transactions contemplated hereby;
and
|
(d) |
The
Assignee assumes for the benefit of each of the Assignor and the
Company
all of the Assignor’s rights and obligations as “Purchaser” thereunder but
solely with respect to such Mortgage Loans; provided however, that
the
Assignee is assuming such obligations solely in its capacity as
trustee
for Bear Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates,
Series
2007-3 and not individually, and any recourse against the Assignee
in
respect of such obligations shall be limited solely to the assets
it may
hold as trustee of Bear Xxxxxxx ARM Trust, Mortgage Pass-Through
Certificates, Series 2007-3.
|
7. The
Company warrants
and represents to, and covenants with, the Assignor and the Assignee as of
the
date hereof:
(a) |
The
SWS Agreement is in
full force and effect as of the date hereof and the provisions
of which
have not been waived, amended or modified in any material respect,
except
as contemplated herein, nor has any notice of termination been
given
thereunder;
|
(b) |
The
Company is duly organized, validly existing and in good standing
under the
laws of the jurisdiction of its formation, and has all requisite
power and
authority to service the Mortgage Loans and otherwise to perform
its
obligations under the SWS
Agreement;
|
(c) |
The
Company has full power and authority to execute, deliver and perform
its
obligations under this Agreement, and to consummate the transactions
set
forth herein. The consummation of the transactions contemplated
by 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 formation documents 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 and the consummation by it of the transactions
contemplated hereby, have been duly authorized by all necessary
action on
the 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 and the Assignee, 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;
|
(d) |
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, or the consummation
by it of
the transactions contemplated
hereby;
|
(e) |
The
Company shall establish a Custodial Account and an Escrow Account
under
the SWS Agreement in favor of the Assignee with respect to the
Mortgage
Loans separate from the Custodial Account and Escrow Account previously
established in favor of the Assignor;
and
|
8. The
Company hereby restates the representations and warranties set forth in Section
2(b) of the Amendment Reg AB as of the date hereof.
Each
such
notice/update required to be sent to the Assignor as set forth in the Amendment
Reg AB shall be sent to the Assignor by e-mail to xxxXXxxxxxxxxxxxxx@xxxx.xxx.
Additionally, all such notifications should be sent to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
Xxxxx 00000-0000
Attention:
Xxxxxxxx Xxxxx
Facsimile:
(000) 000-0000
Email:
xxxxxx@xxxx.xxx
With
a
copy to:
Bear,
Xxxxxxx & Co. Inc.
000
Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx,
Xxxx, XX 00000
Attention:
Global Credit Administration
Facsimile:
(000) 000-0000
Notifications
pursuant to (i)(b)(2) above should be sent to:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
Xxxxx 00000-0000
Attention:
General Counsel
Facsimile:
(000) 000-0000
With
copies to:
Bear,
Xxxxxxx & Co. Inc.
000
Xxxxxxx Xxxxxx, 0xx Xxxxx
Xxx,
Xxxx, XX 00000
Attention:
Global Credit Administration
Facsimile:
(000) 000-0000
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
XX 00000-0000
Attention:
Xxxxxxxx Xxxxx
Facsimile:
(000) 000-0000
Email:
xxxxxx@xxxx.xxx
9. The
Assignor hereby agrees to indemnify and hold the Assignee (and its successors
and assigns) harmless against any and all claims, losses, penalties, fines,
forfeitures, legal fees and related costs, judgments, and any other costs,
fees
and expenses that the Assignee (and its successors and assigns) may sustain
in
any way related to any breach of the representations or warranties of the
Assignor set forth in this Agreement or the breach of any covenant or condition
contained herein.
Recognition
of the
Assignee
10. From
and
after the date hereof, the Company shall recognize the Assignee as owner
of the
Mortgage Loans, and acknowledges that the Mortgage Loans will be part of
a
REMIC, and will service the Mortgage Loans in accordance with the SWS
Agreement. It is the intention of the Assignor, the Company and the Assignee
that this Agreement shall be binding upon and for the benefit of the respective
permitted successors and assigns of the parties hereto. 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 SWS Agreement which amendment,
modification, waiver or other alteration would in any way affect the Mortgage
Loans without the prior written consent of the Assignee, which shall not
be
unreasonably withheld.
The
Company
shall prepare for and deliver to the Assignee and the Master Servicer (and
the
securities administrator, if any) a statement with respect to each mortgaged
property acquired through foreclosure or deed-in-lieu of foreclosure in
connection with a defaulted Assigned Loan (“REO Property”) that has been rented
showing the aggregate rental income received and all expenses incurred in
connection with the management and maintenance of such REO Property at such
times as is necessary to enable the Assignee (or the securities administrator,
if any) to comply with the reporting requirements of the REMIC provisions
of the
Code. The net monthly rental income, if any, from such REO Property shall
be
deposited in the related collection account no later than the close of business
on each determination date. The Company shall perform, or caused to be
performed, the tax reporting and withholding related to foreclosures,
abandonments and cancellation of indebtedness income as specified by Sections
1445, 6050J and 6050P of the Code by preparing and filing such tax and
information returns, as may be required. In the event that the Bear Xxxxxxx
ARM
Trust, Mortgage Pass-Through Certificates, Series 2007-3 acquires any REO
Property as aforesaid or otherwise in connection with a default or default
becoming reasonably foreseeable on an Assigned Loan, the Company shall cause
such REO Property to be disposed prior to three years after its acquisition
by
the Bear Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3
or, at the expense of the Bear Xxxxxxx ARM Trust, Mortgage Pass-Through
Certificates, Series 2007-3, request more than 60 days prior to the day on
which
such three-year period would otherwise expire, an extension of the three-year
grace period unless the Assignee (or the securities administrator, if any)
shall
have been supplied with an opinion of counsel addressed to the Assignee (and
the
securities administrator, if any) rendered by nationally recognized tax counsel
specializing in such matters (such opinion not to be an expense of the Trustee
or the Securities Administrator) to the effect that the holding by the Bear
Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3 of such
REO
Property subsequent to such three-year period will not result in the imposition
of taxes on “prohibited transactions” of any REMIC as defined in Section 860F of
the Code or cause any REMIC to fail to qualify as a REMIC, in which case
the
Bear Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3
may
continue to hold such REO Property (subject to any conditions contained in
such
opinion of counsel). Notwithstanding any other provision of the Servicing
Agreement, no REO Property acquired by the Bear Xxxxxxx ARM Trust, Mortgage
Pass-Through Certificates, Series 2007-3 shall be rented (or allowed to continue
to be rented) or otherwise used for the production of income by or on behalf
of
the Bear Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3
in
such a manner or pursuant to any terms that would (i) cause such REO Property
to
fail to qualify as “foreclosure property” within the meaning of Section
860G(a)(8) of the Code or (ii) subject any REMIC to the imposition of any
federal, state or local income taxes on the income earned from such REO Property
under Section 860G(c) of the Code or otherwise, unless the Company has agreed
to
indemnify and hold harmless the Bear Xxxxxxx ARM Trust, Mortgage Pass-Through
Certificates, Series 2007-3 with respect to the imposition of any such
taxes.
11. Notwithstanding
any term hereof to the contrary, the execution and delivery of this Agreement
by
the Assignee is solely in its capacity as trustee for Bear
Xxxxxxx ARM Trust, Mortgage Pass-Through Certificates, Series 2007-3 and
not
individually, and any recourse against the Assignee in respect of any
obligations it may have under or pursuant to the terms of this Agreement
shall
be limited solely to the assets it may hold as trustee of Bear Xxxxxxx ARM
Trust, Mortgage Pass-Through Certificates, Series 2007-3.
Modification
of the SWS Agreement:
12. The
Company and the Assignor hereby amend the SWS Agreement as follows:
(a) Section
6.04, 6.05 and 6.07 and clause (x) of Section 10.01, all as added by Amendment
No. 2 to the Servicing Agreement are deleted in their entirety.
(b) Section
2(d) of the SWS Agreement as added by Amendment Reg AB to
the
Master Mortgage Loan Purchase and Servicing Agreement is hereby amended by
adding the following paragraph to the end of the section:
In
the
event the Company or any subservicer or subcontractor engaged by it is
terminated, assigns its rights and obligations under, or resigns pursuant
to the
terms of this Agreement, or any other applicable agreement in the case of
a
subservicer or subcontractor, as the case may be, such party shall provide
an
Annual Statement of Compliance pursuant to this Section 2(d) or to the related
section of such other applicable agreement, as the case may be, as to the
performance of its obligations with respect to the period of time it was
subject
to this Agreement or any other applicable agreement, as the case may be,
notwithstanding any such termination, assignment or
resignation.
(c) Section
2(e) of the SWS Agreement as added by Amendment Reg AB to
the
Master Mortgage Loan Purchase and Servicing Agreement is hereby amended by
adding the following paragraph to the end of the section:
In
the
event the Servicer or any subservicer or subcontractor engaged by it is
terminated, assigns its rights and obligations under, or resigns pursuant
to,
the terms of this Agreement, or any other applicable agreement in the case
of a
subservicer or subcontractor, as the case may be, such party shall provide
an
Assessment of Compliance and cause to be provided an Attestation Report pursuant
to this Section 2(e) or to the related section of such other applicable
agreement, as the case may be, notwithstanding any such termination, assignment
or resignation.
(d) The
definition of Remittance Date is deleted in its entirety and replaced with
the
following:
Remittance
Date: The 18th day (or if such 18th day is not a Business Day, the first
Business Day immediately preceding) of any month, beginning with the First
Remittance Date.
(e) The
definition of Master Servicer is deleted in its entirety and replaced with
the
following:
Master
Servicer:
EMC
Mortgage Corporation, or
its
successors in interest.
(f) The
definition
of
Servicing Fee Rate is deleted in its entirety and replaced with the
following:
Servicing
Fee
Rate:
A per
annum rate equal to 0.25%.
(g) The
definition of Principal Prepayment is deleted in its entirety and replaced
with
the following:
Principal
Prepayment:
Any
payment or other recovery of principal on a Mortgage Loan in full or partial
which is received in advance of its scheduled Due Date and which is not
accompanied by an amount of interest representing scheduled interest due
on any
date or dates in any month or months subsequent to the month of prepayment.
Partial principal Prepayments shall be applied in accordance with the terms
of
the related Mortgage Note.
(h) Section
4.01 of the SWS Agreement is hereby amended by changing the first sentence
of
the second paragraph to the following:
Consistent
with the terms of this Agreement and the related Term Sheet, the
Company
may
waive, modify or vary any term of any Mortgage Loan or consent to the
postponement of any such term or in any manner grant indulgence to any Mortgagor
if in the Company's reasonable and prudent determination such waiver,
modification, postponement or indulgence is not materially adverse to the
Purchaser, provided, however, that unless the Company has obtained the prior
written consent of the Purchaser, the Company shall not permit any modification
with respect to any Mortgage Loan that would change the Mortgage Interest
Rate,
defer for more than ninety days or forgive any payment of principal or interest,
reduce or increase the outstanding principal balance (except for actual payments
of principal) or change the final maturity date on such Mortgage
Loan.
(i) The
first
sentence of Section 5.02 of the SWS Agreement is hereby deleted and replaced
with the following:
Not
later
than the 5th
business
day of each calendar month, the Company shall provide a monthly report
substantially in the form of Exhibit
I
and
Exhibit
J,
with
respect to remittances, Exhibit
K,
with
respect to realized losses and gains, Exhibit
L,
with
respect to defaulted mortgage loans, Exhibit
M,
with
respect to modified mortgage loans, Exhibit
N,
with
respect to claims submitted and Exhibit
O,
with
respect to loss severity, with each such report.
(j) Exhibit
F
to the SWS Agreement is hereby deleted in its entirety and replaced with
the
reporting exhibits attached hereto as Attachment
3
in
formats mutually agreeable to the Company and the Master Servicer.
Notwithstanding the foregoing, the Company is not required to report data
relating to prepayment charges or penalties.
(k) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
I,
a copy of which is annexed hereto as Attachment 4, or such other format as
mutually agreed upon between the Company and the Assignor for a period of
seventy
(70) days
from
the Effective Date.
(l) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
J,
a copy of which is annexed hereto as Attachment
5,
or such
other format as mutually agreed upon between the Company and the Assignor
for a
period of seventy (70) days from the Effective Date.
(m) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
K,
a copy of which is annexed hereto as Attachment
6.
(n) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
L,
a copy of which is annexed hereto as Attachment
7,
or such
other format as mutually agreed upon between the Company and the Assignor
for a
period of seventy (70) days from the Effective Date.
(o) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
M,
a copy of which is annexed hereto as Attachment
8.
(p) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
N,
a copy of which is annexed hereto as Attachment
9.
(q) The
SWS
Agreement is hereby amended as of the date hereof by inserting a new Exhibit
O,
a copy of which is annexed hereto as Attachment
10.
13. The
Company hereby acknowledges that EMC
Mortgage Corporation (the “Master Servicer”) has been appointed as the master
servicer of the Mortgage Loans pursuant to the pooling and servicing
agreement for the Bear Xxxxxxx ARM Trust, Mortgage Pass-Through
Certificates, Series 2007-3, and therefore has the right to enforce on behalf
of
the Assignee all obligations of the Company under the SWS Agreement.
Such right will include, without limitation, the right to terminate the Servicer
under the SWS Agreement upon the occurrence of an event of default thereunder,
the right to receive all remittances required to be made by the Company under
the SWS Agreement, the right to receive all monthly reports and other data
required to be delivered by the Company under the SWS Agreement, the right
to
examine the books and records of the Company and the right to exercise certain
rights of consent and approval relating to actions taken by the Company;
provided, however, all parties hereto agree that such enforcement of a right
shall only be exercised by one party. Notwithstanding the foregoing, it is
understood that the Company shall not be obligated to defend and indemnify
and
hold harmless the Master Servicer, the Assignor and the Assignee against
any
losses, damages, penalties, fines, forfeiture, judgments and any related
costs
including, without limitation, reasonable and necessary legal fees, resulting
from (i) actions or inactions of the Company which were taken or omitted
upon
the instruction or direction of the Master Servicer or Assignee, as applicable,
or (ii) the failure of the Assignee or the Assignee’s designee, as applicable,
to perform the obligations of “Purchaser” under the SWS Agreement, as modified
by the Agreement.
The
Company shall make all distributions under the SWS Agreement to the Master
Servicer by wire transfer of immediately available funds to:
EMC
Master Servicing Remittances
Bank:
Chase Bank of Texas
Branch:
Irving, Texas
Account
Name: EMC Mortgage Corporation
ABA
#
000000000
ACCOUNT
#
000000709377717
Reference:
M/S Remittance [date]
Remit
for [name of Servicer].
Attention:
LSBO Group-MS
and
the
Company shall deliver all reports required to be delivered under the SWS
Agreement to the Master Servicer at:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
Xxxxx 00000
Attention:
Xxxxxxxx Xxxxx
Facsimile:
(000)
000-0000
Email:
xxxxxx@xxxx.xxx
14. Notices:
The
Assignor’s address for purposes of all notices and correspondence related to the
Mortgage Loans and this Agreement is:
EMC
Mortgage Corporation
0000
Xxxx
Xxxxx Xxxxx
Xxxxxxxxxx,
Xxxxx 00000
Attention:
Xxxxxxxx Xxxxx
Facsimile:
(000)
000-0000
Email:
xxxxxx@xxxx.xxx
The
Assignee’s address for purposes of all notices and correspondence related to the
Mortgage Loans and this Agreement is:
Xxxxx
Fargo Bank,
N.A.
as
Trustee
0000
Xxx
Xxxxxxxxx Xxxx
Xxxxxxxx,
Xxxxxxxx 00000
Attention:
Corporate Trust Services, BSARM 2007-3
Telecopier
No.: (000) 000-0000
The
Company’s address for purposes of all notices and correspondence related to the
Mortgage Loans and this Agreement is:
Countrywide
Home Loans Servicing LP
000
Xxxxxxxxxxx Xxx
Xxxx
Xxxxxx, Xxxxxxxxxx 00000
Attention:
Xxxx
Xxxxxxxx, Xxxxxx Xxxx, Xxxx Xxxxxx and Xxxx Xx
Miscellaneous:
15. Each
party will pay any commissions it has incurred and the Assignor shall pay
the
fees of its attorneys and the reasonable fees of the attorneys of the Assignee
and the Company in connection with the negotiations for, documenting of and
closing of the transactions contemplated by this Agreement.
16. This
Agreement shall be construed in accordance with the laws of the State of
New
York, without regard to conflicts of law principles
(other
than Section 5-1401 of the New York Obligations Law), and the obligations,
rights and remedies of the parties hereunder shall be determined in accordance
with such laws.
17. 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.
18. This
Agreement shall inure to the benefit of the permitted successors and assigns
of
the parties hereto. Any entity into which the Assignor, the Assignee, or
the
Company may be merged or consolidated shall, without the requirement for
any
further writing, be deemed the Assignor, the Assignee, or the Company,
respectively, hereunder.
19. This
Agreement shall survive the conveyance of the Mortgage Loans, the assignment
of
the SWS Agreement to the extent of the Mortgage Loans by the Assignor to
the
Assignee and the termination of the SWS Agreement.
20. 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.
21. In
the
event that any provision of this Agreement conflicts with any provision of
the
SWS Agreement with respect to the Mortgage Loans, the terms of this Agreement
shall control.
IN
WITNESS WHEREOF, the parties have caused this Agreement to be executed by
their
duly authorized officers as of the date first above written.
EMC
MORTGAGE CORPORATION
|
|
Assignor
|
|
By:
|
|
Name:
|
|
Title:
|
|
XXXXX
FARGO BANK, N.A.,
not individually but solely as trustee for the holders of Bear
Xxxxxxx ARM
Trust, Mortgage Pass-Through Certificates, Series
2007-3
|
|
By:
|
|
Name:
|
|
Title:
|
|
|
|
COUNTRYWIDE
HOME LOANS SERVICING LP
By:
Countrywide GP, Inc., its General Partner
|
|
By:
|
|
Name:
|
|
Title:
|
Acknowledged
and Agreed:
|
|
EMC
MORTGAGE CORPORATION
|
|
Master
Servicer
|
|
By:
|
|
Name:
|
|
Title:
|
BSARM
2007-3 COUNTRYWIDE AAR
Attachment
1
Mortgage
Loans
[Provided
Upon Request]
Attachment
2
Articles
IV, V, and VI of the SWS Agreement.
[Provided
Upon Request]
Attachment
3
EXHIBIT
F
to the SWS Agreement
Standard
File Layout - Master Servicing
|
||||
Column
Name
|
Description
|
Decimal
|
Format
Comment
|
Max
Size
|
SER_INVESTOR_NBR
|
A
value assigned by the Servicer to define a group of loans.
|
|
Text
up to 10 digits
|
20
|
LOAN_NBR
|
A
unique identifier assigned to each loan by the investor.
|
|
Text
up to 10 digits
|
10
|
SERVICER_LOAN_NBR
|
A
unique number assigned to a loan by the Servicer. This may be
different
than the LOAN_NBR.
|
|
Text
up to 10 digits
|
10
|
BORROWER_NAME
|
The
borrower name as received in the file. It is not separated by
first and
last name.
|
|
Maximum
length of 30 (Last, First)
|
30
|
SCHED_PAY_AMT
|
Scheduled
monthly principal and scheduled interest payment that a borrower
is
expected to pay, P&I constant.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NOTE_INT_RATE
|
The
loan interest rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
NET_INT_RATE
|
The
loan gross interest rate less the service fee rate as reported
by the
Servicer.
|
4
|
Max
length of 6
|
6
|
SERV_FEE_RATE
|
The
servicer's fee rate for a loan as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
SERV_FEE_AMT
|
The
servicer's fee amount for a loan as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NEW_PAY_AMT
|
The
new loan payment amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NEW_LOAN_RATE
|
The
new loan rate as reported by the Servicer.
|
4
|
Max
length of 6
|
6
|
ARM_INDEX_RATE
|
The
index the Servicer is using to calculate a forecasted
rate.
|
4
|
Max
length of 6
|
6
|
ACTL_BEG_PRIN_BAL
|
The
borrower's actual principal balance at the beginning of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_END_PRIN_BAL
|
The
borrower's actual principal balance at the end of the processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
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.
|
|
MM/DD/YYYY
|
10
|
SERV_CURT_AMT_1
|
The
first curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_1
|
The
curtailment date associated with the first curtailment amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_
AMT_1
|
The
curtailment interest on the first curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_AMT_2
|
The
second curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_2
|
The
curtailment date associated with the second curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_
AMT_2
|
The
curtailment interest on the second curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_AMT_3
|
The
third curtailment amount to be applied.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SERV_CURT_DATE_3
|
The
curtailment date associated with the third curtailment
amount.
|
|
MM/DD/YYYY
|
10
|
CURT_ADJ_AMT_3
|
The
curtailment interest on the third curtailment amount, if
applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PIF_AMT
|
The
loan "paid in full" amount as reported by the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PIF_DATE
|
The
paid in full date as reported by the Servicer.
|
|
MM/DD/YYYY
|
10
|
ACTION_CODE
|
The
standard FNMA numeric code used to indicate the default/delinquent
status
of a particular loan.
|
|
Action
Code Key: 15=Bankruptcy, 00xXxxxxxxxxxx, , 00xXXX, 63=Substitution,
65=Repurchase,70=REO
|
2
|
INT_ADJ_AMT
|
The
amount of the interest adjustment as reported by the
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SOLDIER_SAILOR_ADJ_AMT
|
The
Soldier and Sailor Adjustment amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
NON_ADV_LOAN_AMT
|
The
Non Recoverable Loan Amount, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
LOAN_LOSS_AMT
|
The
amount the Servicer is passing as a loss, if applicable.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_BEG_PRIN_BAL
|
The
scheduled outstanding principal amount due at the beginning of
the cycle
date to be passed through to investors.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_END_PRIN_BAL
|
The
scheduled principal balance due to investors at the end of a
processing
cycle.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_PRIN_AMT
|
The
scheduled principal amount as reported by the Servicer for the
current
cycle -- only applicable for Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
SCHED_NET_INT
|
The
scheduled gross interest amount less the service fee amount for
the
current cycle as reported by the Servicer -- only applicable
for
Scheduled/Scheduled Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_PRIN_AMT
|
The
actual principal amount collected by the Servicer for the current
reporting cycle -- only applicable for Actual/Actual
Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
ACTL_NET_INT
|
The
actual gross interest amount less the service fee amount for
the current
reporting cycle as reported by the Servicer -- only applicable
for
Actual/Actual Loans.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PREPAY_PENALTY_
AMT
|
The
penalty amount received when a borrower prepays on his loan as
reported by
the Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
PREPAY_PENALTY_
WAIVED
|
The
prepayment penalty amount for the loan waived by the
servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
|
|
|
|
|
MOD_DATE
|
The
Effective Payment Date of the Modification for the loan.
|
|
MM/DD/YYYY
|
10
|
MOD_TYPE
|
The
Modification Type.
|
|
Varchar
- value can be alpha or numeric
|
30
|
DELINQ_P&I_ADVANCE_AMT
|
The
current outstanding principal and interest advances made by
Servicer.
|
2
|
No
commas(,) or dollar signs ($)
|
11
|
Attachment
4
EXHIBIT
I
to the SWS Agreement
The
Company shall provide the Master Servicer with this Exhibit in the format
below
or such other format as mutually agreed upon between the Company and the
Master
Servicer seventy (70) days from the Effective Date.
Remittance
Overview Report:
Provides loan level detail regarding the remittance that will be submitted
to
EMC Master Servicing and contains the following data fields in the order
below:
Field
|
Field
Description
|
|
Deal
Name
|
VARCHAR
(15)
|
|
Master
Servicer Loan Number
|
NUMERIC
(9,0)
|
|
Current
Investor Category
|
VARCHAR
(5)
|
|
Original
Investor Category
|
VARCHAR
(5)
|
|
Servicer
Loan Number
|
VARCHAR
(15)
|
|
Cutoff
Date
|
DATE
(MM/DD/YYYY)
|
|
Loan
Next Due Date
|
DATE
(MM/DD/YYYY)
|
|
Gross
Interest Rate
|
NUMERIC
(7,7)
|
|
Net
Interest Rate
|
NUMERIC
(7,7)
|
|
Pending
Interest Rate
|
NUMERIC
(7,7)
|
|
Servicing
Fee Rate
|
NUMERIC
(7,7)
|
|
MI
Rate
|
NUMERIC
(7,7)
|
|
Scheduled
P&I Amount (P & I Constant)
|
NUMERIC
(12,2)
|
|
ARM
Index
|
NUMERIC
(7,7)
|
|
Pending
ARM Index
|
NUMERIC
(7,7)
|
|
Beginning
Scheduled Principal Balance
|
NUMERIC
(12,2)
|
|
Actual
Principal Remitted
|
NUMERIC
(12,2)
|
|
Actual
Principal Curtailment Remitted
|
NUMERIC
(12,2)
|
|
Curtailment
Adjustment Remitted
|
NUMERIC
(12,2)
|
|
Liquidation
Principal Remitted
|
NUMERIC
(12,2)
|
|
Principal
Not Advanced (stop advance loans only)
|
NUMERIC
(12,2)
|
|
Scheduled
Gross Interest
|
NUMERIC
(12,2)
|
|
Actual
Interest Remitted
|
NUMERIC
(12,2)
|
|
Scheduled
Service Fee Amount
|
NUMERIC
(12,2)
|
|
Soldiers
and Sailors Variance
|
NUMERIC
(12,2)
|
|
Net
Interest Not Advanced
|
NUMERIC
(12,2)
|
|
Prepayment
Penalty Remitted
|
NUMERIC
(12,2)
|
|
PMI
Premium Remitted
|
NUMERIC
(12,2)
|
|
Additional
Fees Remitted
|
NUMERIC
(12,2)
|
|
Ending
Scheduled Balance
|
NUMERIC
(12,2)
|
|
Actual
Amount Remitted Total (each loan)
|
NUMERIC
(12,2)
|
|
Beginning
Actual Balance
|
NUMERIC
(12,2)
|
|
Actual
Principal Collected
|
NUMERIC
(12,2)
|
|
Actual
Curtailments Collected
|
NUMERIC
(12,2)
|
|
Curtailment
Adjustment Collected
|
NUMERIC
(12,2)
|
|
Gross
Interest Collected
|
NUMERIC
(12,2)
|
|
Net
Interest Collected
|
NUMERIC
(12,2)
|
|
Service
Fee Collected
|
NUMERIC
(12,2)
|
|
Actual
Ending Principal Balance
|
NUMERIC
(12,2)
|
|
Liquidation
Date
|
DATE
(MM/DD/YYYY)
|
|
Liquidation
Type
|
VARCHAR
(1)
|
|
Gross
Liquidation Proceeds
|
NUMERIC
(12,2)
|
|
Liquidation
Expenses
|
NUMERIC
(12,2)
|
|
Principal
and Interest Advanced Balance
|
NUMERIC
(12,2)
|
|
Delinquent
Service Fee
|
NUMERIC
(12,2)
|
|
Calculated
Loss to Trust
|
NUMERIC
(12,2)
|
|
Net
Interest Remitted
|
NUMERIC
(12,2)
|
|
Collected
Interest Not Remitted
|
NUMERIC
(12,2)
|
|
Ending
Advance Balance
|
NUMERIC
(12,2)
|
|
Soldiers
and Sailors Flag
|
VARCHAR
(1)
|
|
Soldiers
and Sailors Old Rate
|
NUMERIC
(7,7)
|
|
Soldiers
and Sailors Old P & I
|
NUMERIC
(12,2)
|
|
Modified
Date
|
DATE
(MM/DD/YYYY)
|
|
Stop
Advance Flag
|
||
Stop
Advance Date
|
DATE
(MM/DD/YYYY)
|
|
BPO
Value
|
NUMERIC
(12,2)
|
|
Cash
Flow Group
|
VARCHAR
(2)
|
|
MSP
Principal Balance
|
NUMERIC
(12,2)
|
|
Debt
Forgiven / Charged Off
|
NUMERIC
(12,2)
|
|
Mortgagor
PITI Payment
|
NUMERIC
(12,2)
|
|
Bankruptcy
Status
|
VARCHAR
(2)
|
|
Foreclosure
Status
|
VARCHAR
(2)
|
|
Modification
Status
|
||
Interest
Only Loan
|
VARCHAR
(2)
|
|
Escrowed
Loan
|
VARCHAR
(2)
|
|
Monthly
Escrow Deposit
|
NUMERIC
(12,2)
|
|
Escrow
Balance
|
NUMERIC
(12,2)
|
|
Escrow
Advance Balance
|
NUMERIC
(12,2)
|
|
Restricted
Escrow Balance
|
NUMERIC
(12,2)
|
|
Mortgagor
Recoverable Corporate Expense Balance
|
NUMERIC
(12,2)
|
|
Non-Recoverable
Corporate Expense Balance
|
NUMERIC
(12,2)
|
|
HUD
235 Loan Status
|
VARCHAR
(2)
|
|
HUD
235 Balance
|
NUMERIC
(12,2)
|
|
Late
Charge Balance
|
NUMERIC
(12,2)
|
|
Buydown
Loan Status
|
VARCHAR
(2)
|
|
Monthly
Buydown Amount
|
NUMERIC
(12,2)
|
|
Monthly
Buydown Funds Balance
|
NUMERIC
(12,2)
|
|
Prepayment
Penalty Amount Waived
|
NUMERIC
(12,2)
|
|
Prepayment
Penalty Waived Reason Code
|
VARCHAR
(3)
|
|
Material
Breach Status
|
VARCHAR
(3)
|
|
Material
Breach Code
|
VARCHAR
(3)
|
|
Prefunding
Date
|
DATE
(MM/DD/YYYY)
|
|
3rd
Party Recoverable Expenses
|
NUMERIC
(12,2)
|
Attachment
5
EXHIBIT
J
to the SWS Agreement
The
Company shall provide the Master Servicer with this Exhibit in the format
below
or such other format as mutually agreed upon between the Company and the
Master
Servicer for a period of seventy (70) days from the Effective Date.
Remittance
Summary Report:
Provides summary data at a deal (investor/category) level regarding the
remittance that will be submitted to EMC Master Servicing and contains the
following data fields in the order below:
Field
|
Field
Description
|
|
Deal
|
VARCHAR
(15)
|
|
Investor
|
VARCHAR
(5)
|
|
Category
|
VARCHAR
(5)
|
|
Principal
Remitted
|
NUMERIC
(15,2)
|
|
Curtailments
Remitted
|
NUMERIC
(15,2)
|
|
Curtailment
Adjustments Remitted
|
NUMERIC
(15,2)
|
|
Liquidation
Proceeds Remitted
|
NUMERIC
(15,2)
|
|
Principal
Not Advanced (stop advance loans only)
|
NUMERIC
(15,2)
|
|
Principal
Amounts Called/Collapsed
|
NUMERIC
(15,2)
|
|
Total
Principal Remitted
|
NUMERIC
(15,2)
|
|
Interest
Remitted
|
NUMERIC
(15,2)
|
|
PMI
Premiums Remitted
|
NUMERIC
(15,2)
|
|
Soldiers
and Sailors Difference
|
NUMERIC
(15,2)
|
|
Net
Interest Not Advanced
|
NUMERIC
(15,2)
|
|
Non
Comp Interest Remitted
|
NUMERIC
(15,2)
|
|
Prepayment
Penalties Remitted
|
NUMERIC
(15,2)
|
|
Total
Interest Remitted
|
NUMERIC
(15,2)
|
|
Arrearage
Amount Remitted
|
NUMERIC
(15,2)
|
|
Aggregate
Loss to Trust
Total
Manual Adjustments
|
NUMERIC
(15,2)
|
|
Debt
Forgiven/ Charged Off
|
NUMERIC
(15,2)
|
|
Additional
Fees Collected
|
NUMERIC
(15,2)
|
|
Total
Remittance
|
NUMERIC
(15,2)
|
Attachment
6
EXHIBIT
K
to the SWS Agreement
EMC
Master Servicing Calculation of Gain/Loss on Delinquent Loan
Worksheet
Date: ___________________
Prepared
By
|
Phone
Number
|
Email
Address
|
Servicer
Loan Number
|
Servicer
Address
|
EMC
Loan Number
|
Borrower
Name
|
Property
Address
|
Liquidation
Type
|
REO
|
Third
Party
|
Short
Sale
|
Charge
off
|
Deed
In Lieu
|
Has
this loan been previously modified?
|
Yes
|
No
|
Has
this loan been crammed down in a bankruptcy?
|
Yes
|
No
|
If
“Yes”,
provide
amount _______________________________
Liquidation
and
Acquisition Expenses:
Amounts
requiring Amortization Schedule for backup:
Actual
Unpaid Principal Balance of Mortgage Loan
|
|
Interest
Accrued at Net Rate Less Servicing Fees
|
|
Accrued
Servicing Fees
|
Amounts
requiring
Additional backup:
Attorney’s
Fees
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
Attorney’s
Costs
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
Taxes
|
Payment
history showing disbursements
|
|
Property
Maintenance
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
Property
Inspection
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
PMI/Hazard
Insurance Premiums
|
Payment
history showing disbursements
|
|
Utility
Expenses
|
Payment
history showing disbursements
|
|
Appraisal/BPO
Expenses
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
XXX
Xxxx
|
Payment
history showing disbursements
|
|
Cash
For Keys
|
Corporate
advance history defining amounts paid, reimbursed, payee and
reason
codes
|
|
Miscellaneous
(itemized)
|
Requires
Itemization and supporting detail
|
|
Total
Expenses
|
----------------------------------------
|
Credits
to
Loan:
Escrow
Balance/Advance
|
Payment
history showing disbursements and ending balance
|
|
Rental
Receipts
|
Payment
history showing application of funds to loan
|
|
Hazard
Claim Proceeds
|
Payment
history showing credit to account
|
|
PMI
Funds
|
EOB
document
|
|
Government
Insurance Funds (Part A Funds)
|
EOB
document
|
|
REO
Proceeds
|
HUD
1 Settlement Statement
|
|
Government
Insurance Funds (Part B Funds)
|
EOB
document
|
|
Pool
Insurance Proceeds
|
Payment
history showing credit to account
|
|
Other
Credits (itemized)
|
Payment
history showing credit to account
|
|
Total
Credits
|
----------------------------------------
|
Total
Realized Loss (or Amount of
Gain)
$________________
NOTE:
Do not combine or net remit items. All expenses and credits should be documented
individually. Claim packages are due by the fifth business day of the month
following receipt of liquidation proceeds. Late claims may result in delayed
claim payment. The Servicer is responsible to remit all funds pending loss
approval and /or resolution of any disputed items.
Attachment
7
EXHIBIT
L
to the SWS Agreement
The
Company shall provide the Master Servicer with this Exhibit in the format
below
or such other format as mutually agreed upon between the Company and the
Master
Servicer for a period of seventy (70) days from the Effective
Date.
Default
Overview Report:
Provides loan level detail regarding the defaulted loans that are being serviced
and reported to EMC Master Servicing. The report contains the following data
fields in the order below:
Field
|
Field
Description
|
|
Servicer
loan number
|
VARCHAR
(15)
|
|
SBO
loan number
|
VARCHAR
(9)
|
|
Zip
Code
|
VARCHAR
(5)
|
|
Original
loan amount
|
NUMERIC
(12,2)
|
|
Original
value amount
|
NUMERIC
(12,2)
|
|
Origination
date
|
DATE
(MM/DD/YYYY)
|
|
Loan
type
|
VARCHAR
(2)
|
|
Actual
due date
|
DATE
(MM/DD/YYYY)
|
|
Current
loan amount
|
NUMERIC
(12,2)
|
|
Corporate
expense balance
|
NUMERIC
(12,2)
|
|
Escrow
balance/advance balance
|
NUMERIC
(12,2)
|
|
Suspense
balance
|
NUMERIC
(12,2)
|
|
Restricted
escrow balance
|
NUMERIC
(12,2)
|
|
Current
Value date
|
DATE
(MM/DD/YYYY)
|
|
Current
value amount
|
NUMERIC
(12,2)
|
|
Current
value source
|
VARCHAR
(15)
|
|
VA
LGC/ FHA Case number
|
VARCHAR
(15)
|
|
%
of MI coverage
|
NUMERIC
(7,7)
|
|
MI
certificate number
|
VARCHAR
(15)
|
|
LPMI
Cost
|
NUMERIC
(7,7)
|
|
Occupancy
status
|
VARCHAR
(1)
|
|
First
vacancy date
|
DATE
(MM/DD/YYYY)
|
|
Property
condition
|
VARCHAR
(2)
|
|
Property
type
|
VARCHAR
(2)
|
|
Delinquency
flag
|
VARCHAR
(2)
|
|
Reason
for default
|
VARCHAR
(2)
|
|
FNMA
action code
|
VARCHAR
(3)
|
|
FNMA
delinquency reason code
|
VARCHAR
(3)
|
|
Loss
mit flag
|
VARCHAR
(2)
|
|
Loss
mit type
|
VARCHAR
(2)
|
|
Loss
mit approval date
|
DATE
(MM/DD/YYYY)
|
|
Loss
mit removal date
|
DATE
(MM/DD/YYYY)
|
|
Repay
first due date
|
DATE
(MM/DD/YYYY)
|
|
Repay
next due date
|
DATE
(MM/DD/YYYY)
|
|
Repay
plan broken/reinstated/closed date
|
DATE
(MM/DD/YYYY)
|
|
Repay
plan created date
|
DATE
(MM/DD/YYYY)
|
|
Foreclosure
flag
|
VARCHAR
(2)
|
|
Foreclosure
attorney referral date
|
DATE
(MM/DD/YYYY)
|
|
Actual
first legal date
|
DATE
(MM/DD/YYYY)
|
|
Date
FC sale scheduled
|
DATE
(MM/DD/YYYY)
|
|
Foreclosure
actual sale date
|
DATE
(MM/DD/YYYY)
|
|
Actual
redemption end date
|
DATE
(MM/DD/YYYY)
|
|
Actual
eviction complete date
|
DATE
(MM/DD/YYYY)
|
|
Actual
eviction start date
|
DATE
(MM/DD/YYYY)
|
|
Bankruptcy
flag
|
VARCHAR
(2)
|
|
Actual
bankruptcy start date
|
DATE
(MM/DD/YYYY)
|
|
Bankruptcy
chapter
|
VARCHAR
(2)
|
|
Bankruptcy
Case Number
|
VARCHAR
(15)
|
|
Post
petition due date
|
DATE
(MM/DD/YYYY)
|
|
Actual
discharge date
|
DATE
(MM/DD/YYYY)
|
|
Date
relief/dismissal granted
|
DATE
(MM/DD/YYYY)
|
|
Actual
MI claim filed date
|
DATE
(MM/DD/YYYY)
|
|
Actual
MI claim amount filed
|
NUMERIC
(12,2)
|
|
MI
claim amount paid
|
NUMERIC
(12,2)
|
|
MI
claim funds received date
|
DATE
(MM/DD/YYYY)
|
|
Title
approval letter received date
|
DATE
(MM/DD/YYYY)
|
|
Title
package HUD/VA date
|
DATE
(MM/DD/YYYY)
|
|
FHA
27011A transmitted date
|
DATE
(MM/DD/YYYY)
|
|
FHA
Part A funds received date
|
DATE
(MM/DD/YYYY)
|
|
FHA
27011 B transmitted date
|
DATE
(MM/DD/YYYY)
|
|
FHA
Part B funds received date
|
DATE
(MM/DD/YYYY)
|
|
VA
XXX submitted date
|
DATE
(MM/DD/YYYY)
|
|
VA
first funds received amount
|
NUMERIC
(12,2)
|
|
VA
first funds received date
|
DATE
(MM/DD/YYYY)
|
|
VA
claim funds received date
|
DATE
(MM/DD/YYYY)
|
|
VA
claim submitted date
|
DATE
(MM/DD/YYYY)
|
|
VA
claims funds received amount
|
NUMERIC
(12,2)
|
|
REO
flag
|
VARCHAR
(2)
|
|
REO
repaired value
|
NUMERIC
(12,2)
|
|
REO
value (as is)
|
NUMERIC
(12,2)
|
|
REO
value date
|
DATE
(MM/DD/YYYY)
|
|
REO
value source
|
VARCHAR
(15)
|
|
REO
original list date
|
DATE
(MM/DD/YYYY)
|
|
REO
original list price
|
NUMERIC
(12,2)
|
|
REO
list price adjustment amount
|
NUMERIC
(12,2)
|
|
REO
list price adjustment date
|
DATE
(MM/DD/YYYY)
|
|
Date
REO offer received
|
DATE
(MM/DD/YYYY)
|
|
Date
REO offer accepted
|
DATE
(MM/DD/YYYY)
|
|
REO
scheduled close date
|
DATE
(MM/DD/YYYY)
|
|
REO
actual closing date
|
DATE
(MM/DD/YYYY)
|
|
REO
sales price
|
NUMERIC
(12,2)
|
|
REO
net sales proceeds
|
NUMERIC
(12,2)
|
|
Estimated
loss
|
NUMERIC
(12,2)
|
Attachment
8
EXHIBIT
M
to the SWS Agreement
Modified
Loans Report: Provides
loan level data regarding all loans that the Servicer has modified with the
first modified payment due within thirty days following the end of the reporting
cycle. The report contains the following data fields in the order below:
Field
Description
|
Field
Description
|
|
Loan
|
VARCHAR
(15)
|
|
Investor
|
VARCHAR
(5)
|
|
Original
Category
|
VARCHAR
(5)
|
|
Current
Category
|
VARCHAR
(5)
|
|
Stop
Adv Flag
|
VARCHAR
(3)
|
|
Modified
Due Date
|
DATE
(MM/DD/YYYY)
|
|
Mod
Loan Curtailment
|
NUMERIC
(15,2)
|
|
Mod
Loan Xxxx Adjustment
|
NUMERIC
(15,2)
|
|
Principal
Advanced Capped
|
NUMERIC
(15,2)
|
|
Net
Interest Advanced Capped
|
NUMERIC
(15,2)
|
|
Service
Fee Advanced Capped
|
NUMERIC
(15,2)
|
|
Third
Party Bal Capped
|
NUMERIC
(15,2)
|
|
Amount
of Other Capped
|
NUMERIC
(15,2)
|
|
Borrower
Interest Contribution
|
NUMERIC
(15,2)
|
|
Borrower
Fee Code Arrearage Contribution
|
NUMERIC
(15,2)
|
|
Borrower
Principal Contribution
|
NUMERIC
(15,2)
|
|
Amt
Forgiven
|
NUMERIC
(15,2)
|
|
Beg
Delq Prin Bal
|
NUMERIC
(15,2)
|
|
Beg
Delq Int Bal
|
NUMERIC
(15,2)
|
|
Beg
Pre Prin Bal
|
NUMERIC
(15,2)
|
|
Beg
Pre Int Bal
|
NUMERIC
(15,2)
|
|
Excess
Int Adjust
|
NUMERIC
(15,2)
|
|
Excess
Interest on Mod
|
NUMERIC
(15,2)
|
Attachment
9
EXHIBIT
N
to the SWS Agreement
Claims
Submitted Report:
Provides loan level detail regarding claims submitted by the servicer’s investor
number that will be submitted to EMC Master Servicing and contains the following
data fields in the order below:
Field
|
Field
Description
|
|
Servicer
Investor Number
|
VARCHAR
(5)
|
|
Servicer
Investor Category
|
VARCHAR
(5)
|
|
Loan
Number
|
VARCHAR
(15)
|
|
Mortgage
Group
|
VARCHAR
(1)
|
|
Liquidation
Type
|
VARCHAR
(1)
|
|
Escrow
Balance or Advance Balance
|
NUMERIC
(12,2)
|
|
Corporate
Expense Balance
|
NUMERIC
(12,2)
|
|
Restricted
Escrow Balance
|
NUMERIC
(12,2)
|
|
Replacement
Reserve Balance
|
NUMERIC
(12,2)
|
|
Suspense
Balance
|
NUMERIC
(12,2)
|
|
Third
Party Expense Balance
|
NUMERIC
(12,2)
|
|
Charge
Off Amount
|
NUMERIC
(12,2)
|
|
Side
Note Collections
|
NUMERIC
(12,2)
|
|
Claim
Amount Submitted
|
NUMERIC
(12,2)
|
Attachment
10
EXHIBIT
O
to the SWS Agreement
Loss
Severity Summary Report:
Provides summary data at the deal level regarding loss severity that will
be
submitted to EMC Master Servicing and contains the following data fields
in the
order below:
Field
|
Field
Description
|
|
Month
End
|
DATE
(MM/DD/YYYY)
|
|
Deal
Name
|
VARCHAR
(15)
|
|
Servicer
Investor Number
|
VARCHAR
(5)
|
|
Servicer
Investor Category
|
VARCHAR
(5)
|
|
Mortgage
Group
|
VARCHAR
(1)
|
|
Loan
Number
|
VARCHAR
(15)
|
|
Liquidation
Type
|
VARCHAR
(1)
|
|
Loan
Due Date
|
DATE
(MM/DD/YYYY)
|
|
PIF
Date
|
DATE
(MM/DD/YYYY)
|
|
Gross
Interest Rate
|
NUMERIC
(7,7)
|
|
Net
Interest Rate
|
NUMERIC
(7,7)
|
|
Service
Fee Rate
|
NUMERIC
(7,7)
|
|
P
& I Constant
|
NUMERIC
(12,2)
|
|
Scheduled
Beginning Balance
|
NUMERIC
(12,2)
|
|
Arrearage
Balance
|
NUMERIC
(12,2)
|
|
Total
Legal and Other Expenses
|
NUMERIC
(12,2)
|
|
Scheduled
Advanced Interest
|
NUMERIC
(12,2)
|
|
Scheduled
Liquidated Amount
|
NUMERIC
(12,2)
|
|
Gross
Liquidation Proceeds
|
NUMERIC
(12,2)
|
|
P
& I Advance Balance
|
NUMERIC
(12,2)
|
|
Delinquent
Service Fee
|
NUMERIC
(12,2)
|
|
Net
Liquidation Proceeds
|
NUMERIC
(12,2)
|
|
Scheduled
Net Interest
|
NUMERIC
(12,2)
|
|
Net
Liquidated Funds Remitted
|
NUMERIC
(12,2)
|
|
Total
Loss (Gain) Amount
|
NUMERIC
(12,2)
|
|
Total
Loss (Gain) to Trust
|
NUMERIC
(12,2)
|
|
Total
Loss (Gain) to Servicer
|
NUMERIC
(12,2)
|
|
Total
Loss Severity %
|
NUMERIC
(7,7)
|
|
Total
Loss Severity % to Trust
|
NUMERIC
(7,7)
|
|
Total
Liquidated Remitted
|
NUMERIC
(12,2)
|
|
Claim
on Trust Loss
|
NUMERIC
(12,2)
|
|
Claim
on Servicer Loss
|
NUMERIC
(12,2)
|
|
Total
Claim Amount
|
NUMERIC
(12,2)
|
Attachment
11
EXHIBIT
P
to the SWS Agreement
EMC
MASTER SERVICING ASSET AUTHORITY LEVELS
All
asset management decisions and claim submissions for both standard
and
delegated authority levels require the servicer to comply with
all agency
(ie: FNMA, FHLMC, HUD and VA) and insuring company requirements.
|
||||
TASK
|
STANDARD AUTHORITY LEVEL
|
DELEGATED AUTHORITY LEVEL
|
||
APPROVAL
NEEDED?
|
APPROVAL
NEEDED IF….
|