SALE AND SERVICING AGREEMENT among CPS AUTO RECEIVABLES TRUST 2014-C, as Issuer, CPS RECEIVABLES FIVE LLC, as Seller, CONSUMER PORTFOLIO SERVICES, INC., Individually and as Servicer and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Backup Servicer,...Sale and Servicing Agreement • October 28th, 2014 • Consumer Portfolio Services Inc • Finance services • New York
Wells Fargo Bank, National Association, as trustee (the “Trustee”) of the CPS Auto Receivables Trust 2014-C (the “Trust”) under the Sale and Servicing Agreement (the “Sale and Servicing Agreement”), dated as of September 1, 2014, among the Trust, CPS Receivables Five LLC, as Seller, Consumer Portfolio Services, Inc., individually and as Servicer, and Wells Fargo Bank, National Association, as Trustee, Custodian and Backup Servicer, does hereby sell, transfer, assign, and otherwise convey to Consumer Portfolio Services, Inc., without recourse, representation, or warranty, all of the Trustee’s right, title, and interest in and to all of the Receivables (as defined in the Sale and Servicing Agreement) identified in the attached Servicer’s Certificate as “Purchased Receivables,” which are to be repurchased by Consumer Portfolio Services, Inc. pursuant to Section 3.2 or Section 3.4 of the Sale and Servicing Agreement and all security and documents relating thereto.
