Documents, Records and Funds in Possession of the Master Servicer To Be Held for Trustee.
Documents, Records and Funds in Possession of the Servicer to Be Held for the Trustee......................... Section 3.17
Documents, Records and Funds in Possession of Servicer to be Held for the Trustee. All Mortgage Files and funds collected or held by, or under the control of, the Servicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds, including but not limited to, any funds on deposit in the Collection Account, shall be held by the Servicer for and on behalf of the Trustee and shall be and remain the sole and exclusive property of the Trust Fund, subject to the applicable provisions of this Agreement. The Servicer also agrees that it shall not create, incur or subject any Mortgage File or any funds that are deposited in the Collection Account, Certificate Account or in any Escrow Account, or any funds that otherwise are or may become due or payable to the Trustee for the benefit of the Certificateholders, to any claim, lien, security interest, judgment, levy, writ of attachment or other encumbrance, or assert by legal action or otherwise any claim or right of set off against any Mortgage File or any funds collected on, or in connection with, a Mortgage Loan, except, however, that the Servicer shall be entitled to set off against and deduct from any such funds any amounts that are properly due and payable to the Servicer under this Agreement.
Documents, Records and Funds in Possession of the Master Servicer or a Servicer to be Held for the Trustee. Notwithstanding any other provisions of this Agreement, the Master Servicer and each Servicer shall transmit to the Trustee, or the Custodian on its behalf, as required by this Agreement all documents and instruments in respect of a Mortgage Loan coming into the possession of the Master Servicer or the related Servicer from time to time required to be delivered to the Trustee, or the Custodian on its behalf, pursuant to the terms hereof and shall account fully to the Trust Administrator for any funds received by the Master Servicer or such Servicer or which otherwise are collected by the Master Servicer or such Servicer as Liquidation Proceeds or Insurance Proceeds in respect of any Mortgage Loan. All Mortgage Files and funds collected or held by, or under the control of, the Master Servicer or a Servicer in respect of any Mortgage Loans, whether from the collection of principal and interest payments or from Liquidation Proceeds, including but not limited to, any funds on deposit in a Collection Account, shall be held by the Master Servicer or the related Servicer for and on behalf of the Trustee or the Trust Administrator and shall be and remain the sole and exclusive property of the Trustee, subject to the applicable provisions of this Agreement. The Master Servicer and each Servicer also agrees that it shall not create, incur or subject any Mortgage File or any funds that are deposited in the related Collection Account, Certificate Account or any related Escrow Account, or any funds that otherwise are or may become due or payable to the Trustee or the Trust Administrator for the benefit of the Certificateholders, to any claim, lien, security interest, judgment, levy, writ of attachment or other encumbrance, or assert by legal action or otherwise any claim or right of setoff against any Mortgage File or any funds collected on, or in connection with, a Mortgage Loan, except, however, that the Master Servicer or such Servicer shall be entitled to set off against and deduct from any such funds any amounts that are properly due and payable to the Master Servicer or such Servicer under this Agreement.
Documents, Records and Funds in Possession of the Servicer to Be Held for the Securities Administrator for the Benefit of the Trustee........................... Section 3.21
Documents, Records and Funds in Possession of the Master Servicers to Be Held for the Trustee for the Benefit of the Certificateholders...................................... Section 8.10
Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee..............................-59- SECTION 3.09. Standard Hazard Insurance and Flood Insurance Policies.......-60- SECTION 3.10. Presentment of Claims and Collection of Proceeds.............-60- SECTION 3.11. Maintenance of the Primary Mortgage Insurance Policies.......-61- SECTION 3.12. Trustee to Retain Possession of Certain Insurance Policies and Documents................................................-61- SECTION 3.13. Realization Upon Defaulted Mortgage Loans....................-61- SECTION 3.14. Compensation for the Master Servicer.........................-62- SECTION 3.15. REO Property.................................................-62- SECTION 3.16. Annual Officer's Certificate as to Compliance................-63- SECTION 3.17. Annual Independent Accountant's Servicing Report.............-63- SECTION 3.18. Reports Filed with Securities and Exchange Commission........-64- SECTION 3.19. UCC..........................................................-64- SECTION 3.20. Obligation of the Master Servicer in respect of Prepayment Interest Shortfalls..........................................-65- SECTION 3.21. MGIC PMI Policy; Claims Under the MGIC PMI Policy............-65- SECTION 3.22. Protected Accounts...........................................-65- SECTION 3.23. Master Servicer Collection Account...........................-66- SECTION 3.24. Permitted Withdrawals and Transfers from the Master Servicer Collection Account...........................................-67- SECTION 3.25. Distribution Account.........................................-68- SECTION 3.26. Permitted Withdrawals and Transfers from the Distribution Account......................................................-68- SECTION 3.27
Documents, Records and Funds in Possession of the Company to Be Held for Trustee.
Documents, Records and Funds in Possession of Master Servicer To Be Held for Trustee............................................................................. SECTION 4.08. Standard Hazard Insurance and Flood Insurance Policies.............................. SECTION 4.09. Presentment of Claims and Collection of Proceeds.................................... SECTION 4.10. Maintenance of Primary Mortgage Insurance Policies.................................. SECTION 4.11. Trustee to Retain Possession of Certain Insurance Policies and Documents............ SECTION 4.12. Reserved............................................................................ SECTION 4.13. Compensation for the Master Servicer................................................ SECTION 4.14.
Documents, Records and Funds in Possession of the Master Servicer or a Servicer to be Held for the Trustee..............................................................90 SECTION 3.14 Master Servicing Fee and Servicing Fee..................................................90 SECTION 3.15 Access to Certain Documentation.........................................................91 TABLE OF CONTENTS (Continued) Page
