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Document Preview Servicing Agreement |
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Title: |
Servicing Agreement |
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Entities: |
Freddie Mac; Impac CMB Trust Series 2004-10 ; McGraw-Hill Companies Inc.; Midland Loan Services, Inc.; Federal National Mortgage Association |
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Date: |
2004 |
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Size: |
Preview shows 5KB of 199KB total |
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Price: |
$83 |
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ID: |
#2110238 |
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Start of Preview |
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IMPAC FUNDING CORPORATION,
as Master Servicer,
IMPAC CMB TRUST SERIES 2004-10,
as Issuer
and
DEUTSCHE BANK NATIONAL TRUST COMPANY,
as Indenture Trustee,
-----------------------------
SERVICING AGREEMENT
Dated as of November 24, 2004
-----------------------------
Mortgage Loans
Impac CMB Trust Series 2004-10
--------------------------------------------------------------------------------
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
----
{S} {C}
ARTICLE I
Definitions................................................................................2
Section 1.01 Definitions............................................................2
Section 1.02 Other Definitional Provisions..........................................2
Section 1.03 Interest Calculations..................................................2
ARTICLE II
Representations and Warranties.............................................................3
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.............................................6
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
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....................................................15
Section 3.09 Access to Certain Documentation and Information Regarding
the Mortgage Loans....................................................15
Section 3.10 Maintenance of Primary Insurance Policies and the Radian
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.........................................21
Section 3.16 Annual Statements of Compliance.......................................22
Section 3.17 Annual Independent Public Accountants' Servicing Report...............23
Section 3.18 Optional Purchase of Defaulted Mortgage Loans.........................23
{/TABLE}
i
{PAGE}
{TABLE}
{S} {C}
Section 3.19 Information Required by the Internal Revenue Service Generally
and Reports of Foreclosures and Abandonments of Mortgaged
Property..............................................................23
Section 3.20 Realization Upon Multifamily Loans....................................24
Section 3.21 Title and Management of REO Properties Related
to Multifamily Loans..................................................26
Section 3.22 Sale of Specially Serviced Mortgage Loans and Related
REO Properties........................................................27
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