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Title: |
Servicing Agreement |
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Entities: |
Freddie Mac; Impac CMB Trust Series 2005-3, Collateralized Asset - Backed Bonds, Series 2005-3 ; McGraw-Hill Companies Inc.; Wells Fargo Bank, NA; Federal National Mortgage Association |
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Date: |
2005 |
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Size: |
Preview shows 5KB of 172KB total |
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Price: |
$61 |
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ID: |
#2109812 |
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IMPAC FUNDING CORPORATION,
as Master Servicer,
IMPAC CMB TRUST SERIES 2005-3,
as Issuer
and
WELLS FARGO BANK, N.A.,
as Indenture Trustee,
-------------------------
SERVICING AGREEMENT
Dated as of April 6, 2005
-------------------------
Mortgage Loans
Impac CMB Trust Series 2005-3
================================================================================
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
PAGE
----
ARTICLE I
Definitions
{S} {C} {C}
Section 1.01 Definitions..............................................................................2
Section 1.02 Other Definitional Provisions............................................................2
Section 1.03 Interest Calculations....................................................................2
ARTICLE II
Representations and Warranties
Section 2.01 Representations and Warranties Regarding the Master Servicer.............................3
Section 2.02 Existence................................................................................4
Section 2.03 Enforcement of Representations and Warranties............................................4
ARTICLE III
Administration and Servicing of Mortgage Loans
Section 3.01 Master Servicer to Assure Servicing......................................................6
Section 3.02 Subservicing Agreements Between Master Servicer and Subservicers.........................8
Section 3.03 Successor Subservicers...................................................................9
Section 3.04 Liability of the Master Servicer.........................................................9
Section 3.05 Assumption or Termination of Subservicing Agreements by Indenture Trustee................9
Section 3.06 Collection of Mortgage Loan Payments....................................................10
Section 3.07 Withdrawals from the Collection Account.................................................12
Section 3.08 Collection of Taxes Assessments and Similar Items; Servicing Accounts...................14
Section 3.09 Access to Certain Documentation and Information Regarding the Mortgage Loans............15
Section 3.10 Maintenance of Primary Insurance Policies and the PMI Insurer Policy; Collection
Thereunder..............................................................................15
Section 3.11 Maintenance of Hazard Insurance and Fidelity Coverage...................................16
Section 3.12 Due-on-Sale Clauses; Assumption Agreements..............................................18
Section 3.13 Realization Upon Defaulted Mortgage Loans...............................................19
Section 3.14 Indenture Trustee to Cooperate; Release of Mortgage Files...............................20
Section 3.15 Master Servicing Compensation...........................................................22
Section 3.16 Annual Statements of Compliance.........................................................22
Section 3.17 Annual Independent Public Accountants' Servicing Report.................................22
Section 3.18 Optional Purchase of Defaulted Mortgage Loans...........................................23
Section 3.19 Information Required by the Internal Revenue Service Generally and Reports of
Foreclosures and Abandonments of Mortgaged Property.....................................23
{/TABLE}
{PAGE}
{TABLE}
{CAPTION}
ARTICLE IV
Servicing Certificate
{S} {C} {C}
Section 4.01 Remittance Reports......................................................................25
Section 4.02 Reserved................................................................................25
Section 4.03 Reserved................................................................................25
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