POOLING AND SERVICING AGREEMENT Relating to CENTEX HOME EQUITY LOAN TRUST 1998-4 Among CHEC ASSET RECEIVABLE CORPORATION as Depositor, CENTEX CREDIT CORPORATION D/B/A CENTEX HOME EQUITY CORPORATION, as Seller, CENTEX CREDIT CORPORATION D/B/A CENTEX...Pooling and Servicing Agreement • December 22nd, 1998 • Chec Asset Receivables Corp • Asset-backed securities • New York
Policy No. 50740-N With Respect To Centex Home Equity Loan Trust 1998-4 Centex Home Equity Pass-Through Certificates Series 1998-4Financial Guaranty Insurance Agreement • December 22nd, 1998 • Chec Asset Receivables Corp • Asset-backed securities
This letter will confirm the agreement of Centex Credit Corporation d/b/a Centex Home Equity Corporation (the "Company") and Financial Security Assurance Inc. ("Financial Security") that the following nonrefundable payments are to be made at, in connection with, and subject to, the closing of the above-described transaction and in consideration of the issuance by Financial Security of its Financial Guaranty Insurance Policy (the "Policy") in respect thereof. The amounts payable hereunder shall be nonrefundable for any reason whatsoever, including the lack of any payment under the Policy or any other circumstances relating to Centex Home Equity Loan Trust 1998-4 Centex Home Equity Pass-Through Certificates, Series 1998-4 (the "Securities") or provision being made for payments of the Securities prior to maturity.
