|
|
|
|
Document Preview Pooling and Servicing Agreement |
|
|
|
|
|
Click "Add to Cart" button to purchase document. |
|
|
|
|
|
Title: |
Pooling and Servicing Agreement |
|
Entities: |
Abfc 2005-AQ1 Trust; Freddie Mac; McGraw-Hill Companies Inc.; Federal National Mortgage Association; Bank of America, NA |
|
Date: |
2005 |
|
Size: |
Preview shows 5KB of 867KB total |
|
Price: |
$92 |
|
ID: |
#1480312 |
|
|
|
|
|
|
|
Start of Preview |
|
ASSET BACKED FUNDING CORPORATION,
DEPOSITOR
AMERIQUEST MORTGAGE COMPANY,
SERVICER
AND
DEUTSCHE BANK NATIONAL TRUST COMPANY,
TRUSTEE
POOLING AND SERVICING AGREEMENT
DATED AS OF JUNE 1, 2005
ABFC 2005-AQ1 TRUST
ASSET-BACKED CERTIFICATES, SERIES 2005-AQ1
================================================================================
TABLE OF CONTENTS
<TABLE>
Page
----
ARTICLE I DEFINITIONS 5
Section 1.01 Defined Terms.....................................................................5
Section 1.02 Accounting.......................................................................47
Section 1.03 Rights of the NIMS Insurer.......................................................47
ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES 48
Section 2.01 Conveyance of Mortgage Loans.....................................................48
Section 2.02 Acceptance by Trustee............................................................50
Section 2.03 Repurchase of Mortgage Loans by the Originator or the Seller.....................52
Section 2.04 Execution of Yield Maintenance Agreement.........................................55
Section 2.05 Representations, Warranties and Covenants of the Servicer........................55
Section 2.06 Representations and Warranties of the Depositor..................................57
Section 2.07 Issuance of Certificates and the Uncertificated Regular Interests................59
ARTICLE III ADMINISTRATION AND SERVICING OF THE TRUST FUND 60
Section 3.01 Servicer to Act as Servicer......................................................60
Section 3.02 Collection of Mortgage Loan Payments.............................................62
Section 3.03 Realization Upon Defaulted Mortgage Loans........................................62
Section 3.04 Collection Accounts, Distribution Account and Reserve Accounts...................63
Section 3.05 Permitted Withdrawals From the Collection Accounts...............................67
Section 3.06 Establishment of Escrow Accounts; Deposits in Escrow Accounts....................68
Section 3.07 Permitted Withdrawals From Escrow Account........................................69
Section 3.08 Payment of Taxes, Insurance and Other Charges; Collections Thereunder............70
Section 3.09 Transfer of Accounts.............................................................70
Section 3.10 Maintenance of Hazard Insurance..................................................70
Section 3.11 Maintenance of Mortgage Impairment Insurance Policy..............................71
Section 3.12 Fidelity Bond, Errors and Omissions Insurance....................................72
Section 3.13 Title, Management and Disposition of REO Property................................72
Section 3.14 Due-on-Sale Clauses; Assumption and Substitution Agreements......................75
Section 3.15 [Reserved].......................................................................76
Section 3.16 Optional Purchases of Mortgage Loans by Servicer.................................76
Section 3.17 Trustee to Cooperate; Release of Files...........................................76
Section 3.18 Servicing Compensation...........................................................78
Section 3.19 Annual Statement as to Compliance................................................78
Section 3.20 Annual Independent Certified Public Accountants' Reports.........................79
Section 3.21 Access to Certain Documentation and Information Regarding the Mortgage Loans.....79
Section 3.22 [Reserved].......................................................................80
|
End of Preview |
Home Intelligence Services Subscriptions News About Us