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Document Preview Pooling and Servicing Agreement |
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Title: |
Pooling and Servicing Agreement |
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Entities: |
Abfc Asset-Backed Certificates Series 2004-Opt1; Freddie Mac; McGraw-Hill Companies Inc.; Wells Fargo Bank, NA; Federal National Mortgage Association; Bank of America, NA |
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Date: |
2005 |
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Size: |
Preview shows 5KB of 794KB total |
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Price: |
$99 |
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ID: |
#1480212 |
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ASSET BACKED FUNDING CORPORATION,
Depositor
OPTION ONE MORTGAGE CORPORATION,
Master Servicer
and
WELLS FARGO BANK, NATIONAL ASSOCIATION,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of January 1, 2004
ABFC 2004-OPT1 Trust
ABFC Asset-Backed Certificates, Series 2004-OPT1
================================================================================
<PAGE>
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms....................................................
Section 1.02 Accounting.......................................................
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans.....................................
Section 2.02 Acceptance by Trustee............................................
Section 2.03 Repurchase or Substitution of Mortgage Loans by the
Originator or the Seller.........................................
Section 2.04 [Reserved].......................................................
Section 2.05 Representations, Warranties and Covenants of the Master
Servicer.........................................................
Section 2.06 Representations and Warranties of the Depositor..................
Section 2.07 Issuance of Certificates and the Uncertificated Regular
Interests........................................................
ARTICLE III
ADMINISTRATION AND SERVICING
OF THE TRUST FUND
Section 3.01 Master Servicer to Act as Servicer...............................
Section 3.02 Collection of Mortgage Loan Payments.............................
Section 3.03 Realization Upon Defaulted Mortgage Loans........................
Section 3.04 Collection Account, Distribution Account and Reserve
Account..........................................................
Section 3.05 Permitted Withdrawals From the Collection Account................
Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow
Accounts.........................................................
Section 3.07 Permitted Withdrawals From Escrow Account........................
Section 3.08 Payment of Taxes, Insurance and Other Charges;
Collections Thereunder...........................................
Section 3.09 Transfer of Accounts.............................................
Section 3.10 Maintenance of Hazard Insurance..................................
Section 3.11 Maintenance of Mortgage Impairment Insurance Policy..............
Section 3.12 Fidelity Bond, Errors and Omissions Insurance....................
Section 3.13 Title, Management and Disposition of REO Property................
Section 3.14 Due-on-Sale Clauses; Assumption and Substitution
Agreements.......................................................
Section 3.15 Notification of Adjustments......................................
Section 3.16 Optional Purchases of Mortgage Loans by Master Servicer..........
Section 3.17 Trustee to Cooperate; Release of Files...........................
Section 3.18 Servicing Compensation...........................................
Section 3.19 Annual Statement as to Compliance................................
Section 3.20 Annual Independent Certified Public Accountants' Reports.........
Section 3.21 Access to Certain Documentation and Information Regarding
the Mortgage Loans...............................................
Section 3.22 Duties of Credit Risk Manager....................................
Section 3.23 Obligations of the Master Servicer in Respect of
Compensating Interest............................................
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