as Indenture TrusteeServicing Agreement • June 9th, 2006 • Home Equity Loan Trust 2006-Hsa3 • Asset-backed securities • New York
This Servicing Agreement, dated as of May 25, 2006, among Residential Funding Corporation (the "Master Servicer"), the Home Equity Loan Trust 2006-HSA3 (the "Issuer"), and JPMorgan Chase Bank, N.A. (the "Indenture Trustee"). W I T N E S S E T H T H A T: WHEREAS, pursuant to the terms of the Purchase Agreement, Residential Funding Corporation (in its capacity as Seller) will sell to the Depositor the Home Equity Loans together with the Related Documents on the Closing Date and thereafter all Additional Balances on the Home Equity Loans created on or after the Cut-off Date (except as set forth herein); WHEREAS, the Depositor will sell the Home Equity Loans and all of its rights under the Purchase Agreement to the Issuer, together with the Related Documents on the Closing Date, and thereafter all Additional Balances on the Home Equity Loans created on or after the Cut-off Date (except as set forth herein); WHEREAS, pursuant to the terms of the Trust Agreement, the Issuer will issue and tr
Indenture TrusteeIndenture • June 9th, 2006 • Home Equity Loan Trust 2006-Hsa3 • Asset-backed securities • New York
This Indenture, dated as of May 25, 2006, between HOME EQUITY LOAN TRUST 2006-HSA3, a Delaware statutory trust, as Issuer (the "Issuer"), and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, as Indenture Trustee (the "Indenture Trustee"), WITNESSETH THAT: Each party hereto agrees as follows for the benefit of the other party and for the equal and ratable benefit of the Holders of the Issuer's Series 2006-HSA3 Home Equity Loan-Backed Term Notes and Home Equity Loan-Backed Variable Funding Notes (together, the "Notes") and the Credit Enhancer. GRANTING CLAUSE The Issuer hereby Grants to the Indenture Trustee at the Closing Date, as trustee for the benefit of the Holders of the Notes, all of the Issuer's right, title and interest in and to the Home Equity Loans and to all accounts, chattel paper, general intangibles, payment intangibles, contract rights, certificates of deposit, deposit accounts, instruments, documents, letters of credit, money, advices of credit, investment property, goods and
EXECUTION COPY RESIDENTIAL FUNDING MORTGAGE SECURITIES II, INC. as Purchaser, and RESIDENTIAL FUNDING CORPORATION as Seller HOME EQUITY LOAN PURCHASE AGREEMENT Dated as of May 25, 2006 Home Equity LoansHome Equity Loan Purchase Agreement • June 9th, 2006 • Home Equity Loan Trust 2006-Hsa3 • Asset-backed securities • New York
This HOME EQUITY LOAN PURCHASE AGREEMENT (this "Agreement"), dated as of May 25, 2006, is made between Residential Funding Corporation (the "Seller") and Residential Funding Mortgage Securities II, Inc. (the "Purchaser"). W I T N E S S E T H : WHEREAS, the Seller owns Cut-off Date Loan Balances and the Related Documents for the adjustable rate, revolving credit loans (the "Home Equity Loans") indicated on the Home Equity Loan schedule, attached as Exhibit 1 hereto (the "Home Equity Loan Schedule"), including rights to (a) any property acquired by foreclosure or deed in lieu of foreclosure or otherwise, and (b) the proceeds of any insurance policies covering the Home Equity Loans; WHEREAS, the parties hereto desire that the Seller sell the Cut-off Date Loan Balances of the Home Equity Loans to the Purchaser pursuant to the terms of this Agreement together with the Related Documents on the Closing Date, and thereafter all Additional Balances created on or after the Cut-off Date; WHEREAS,
