SEQUOIA MORTGAGE TRUST 2011-1 PLAN OF LIQUIDATIONPooling and Servicing Agreement • December 1st, 2015 • Sequoia Residential Funding Inc • Asset-backed securities
Citibank, N.A., as trustee (the “Trustee”) under that certain Amended and Restated Pooling and Servicing Agreement dated as of January 1, 2014 (the “Pooling and Servicing Agreement”), among Sequoia Residential Funding, Inc., as depositor, Citibank, N.A., as securities administrator, Wells Fargo Bank, N.A., as master servicer, and the Trustee, hereby adopts, pursuant to Section 7.03 of the Pooling and Servicing Agreement, a plan of liquidation for each real estate mortgage investment conduit (each, a “REMIC”) formed under the Pooling and Servicing Agreement. Trustee hereby specifies November 25, 2015, as the first day of the 90-day liquidation period. On or within 89 days after November 25, 2015, the Trustee shall sell the mortgage loans and other assets remaining in any REMIC to Redwood Residential Acquisition Corporation, as the designee of Redwood Trust, Inc., for cash at the Clean-Up Call Price and distribute the cash proceeds of such purchase to the holders of the Certificates in a
