SUBSERVICING AGREEMENTSubservicing Agreement • July 24th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
PEOPLE’S CHOICE HOME LOAN SECURITIES CORP., as Depositor, PEOPLE’S FINANCIAL REALTY MORTGAGE SECURITIES TRUST, SERIES [ ], as Issuer, as Indenture Trustee, [WELLS FARGO BANK, NATIONAL ASSOCIATION], as Master Servicer and Securities Administrator, as...Sale and Servicing Agreement • July 24th, 2006 • Peoples Choice Home Loan Securities Corp • Asset-backed securities • New York
THIS IS A SALE AND SERVICING AGREEMENT, dated as of [ ] (the “Agreement”), among People’s Choice Home Loan Securities Corp., a Delaware corporation, as depositor (the “Depositor”), People’s Financial Realty Mortgage Securities Trust, Series [ ], a Delaware statutory trust, as issuer (the “Issuer”), [ ], a national banking association, not in its individual capacity but solely as indenture trustee (the “Indenture Trustee”), [Wells Fargo Bank, National Association], as master servicer (in such capacity, the “Master Servicer”) and as securities administrator (in such capacity, the “Securities Administrator”), [ ], as servicer (the “Servicer”), People’s Choice Home Loan, Inc., as the designee of People’s Choice Funding, Inc., to perform the duties of the Subservicer pursuant to the Subservicing Agreement (the “Subservicer”), and People’s Choice Funding, Inc., as seller (in such capacity, the “Seller”) and as company (in such capacity, the “Company”). The Servicer engaged the Seller as its
