Home

Intelligence

Services

Subscriptions

News

About Us

Sign In

Click "Add to Cart" button to purchase document. 
Documents are emailed immediately after purchase. 
You can also browse documents by title, category, or company... or click here for help finding documents.

Title:

Pooling and Servicing Agreement

Entities:

ACE Securities Corp. Home Equity Loan Trust, Series 2005-SL1; Barclays Bank plc; Freddie Mac; McGraw-Hill Companies Inc.; National Westminster Bank plc; Wells Fargo Bank, NA; Federal National Mortgage Association

Date:

2005

Size:

Preview shows 37KB of 776KB total

Price:

$99

ID:

#1478491

Start of Preview

ARTICLE I

DEFINITIONS

SECTION 1.01.

Defined Terms.

SECTION 1.02.

Allocation of Certain Interest Shortfalls.

ARTICLE II

CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES

SECTION 2.01.

Conveyance of the Mortgage Loans.

SECTION 2.02.

Acceptance of REMIC I by Trustee.

SECTION 2.03.

Repurchase or Substitution of Mortgage Loans.

SECTION 2.04.

Representations and Warranties of the Master Servicer.

SECTION 2.05.

Representations, Warranties and Covenants of each Servicer.

SECTION 2.06.

Issuance of the REMIC I Regular Interests and the Class R-I Interest.

SECTION 2.07.

Conveyance of the REMIC I Regular Interests; Acceptance of REMIC I and REMIC II by the Trustee.

SECTION 2.08.

Issuance of Residual Certificates.

SECTION 2.09.

Establishment of the Trust.

ARTICLE III

ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS; ACCOUNTS

SECTION 3.01.

The Servicers to Act as Servicers.

SECTION 3.02.

Sub-Servicing Agreements Between a Servicer and Sub-Servicers.

SECTION 3.03.

Successor Sub-Servicers.

SECTION 3.04.

No Contractual Relationship Between Sub-Servicer, Outsourcer, Trustee or the Certificateholders.

SECTION 3.05.

Assumption or Termination of Sub-Servicing Agreement by Successor Servicer.

SECTION 3.06.

Collection of Certain Mortgage Loan Payments.

SECTION 3.07.

Collection of Taxes, Assessments and Similar Items; Servicing Accounts.

SECTION 3.08.

Collection Accounts and Distribution Account.

SECTION 3.09.

Withdrawals from the Collection Accounts and Distribution Account.

SECTION 3.10.

Investment of Funds in the Investment Accounts.

SECTION 3.11.

Maintenance of Hazard Insurance, Errors and Omissions and Fidelity Coverage and Primary Mortgage Insurance.

SECTION 3.12.

Enforcement of Due-on-Sale Clauses; Assumption Agreements

SECTION 3.13.

Realization Upon Defaulted Mortgage Loans.

SECTION 3.14.

Trustee to Cooperate; Release of Mortgage Files.

SECTION 3.15.

Servicing Compensation.

SECTION 3.16.

Collection Account Statements.

SECTION 3.17.

Statement as to Compliance.

SECTION 3.18.

Independent Public Accountants Servicing Report.

SECTION 3.19.

Annual Certification.

SECTION 3.20.

Access to Certain Documentation.

SECTION 3.21.

Title, Management and Disposition of REO Property.

SECTION 3.22.

Obligations of the Servicers in Respect of Prepayment Interest Shortfalls; Relief Act Interest Shortfalls.

SECTION 3.23.

Reserved.

SECTION 3.24.

Reserve Fund.

SECTION 3.25.

Advance Facility.

SECTION 3.26.

The Servicers Indemnification.

ARTICLE IV

ADMINISTRATION AND MASTER SERVICING OF THE MORTGAGE LOANS BY THE MASTER SERVICER

SECTION 4.01.

Master Servicer.

SECTION 4.02.

REMIC-Related Covenants.

SECTION 4.03.

Monitoring of Servicers.

SECTION 4.04.

Fidelity Bond.

SECTION 4.05.

Power to Act; Procedures.

SECTION 4.06.

Due-on-Sale Clauses; Assumption Agreements.

SECTION 4.07.

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.

Reserved.

SECTION 4.11.

End of Preview