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Document Preview Pooling and Servicing Agreement |
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Title: |
Pooling and Servicing Agreement |
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Entities: |
J.P. Morgan Mortgage Trust 2006-S2; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; U.S. Bank, NA; Wells Fargo Bank, NA; Federal National Mortgage Association |
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Date: |
2006 |
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Size: |
Preview shows 22KB of 512KB total |
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Price: |
$98 |
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ID: |
#2373736 |
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Start of Preview |
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J.P. MORGAN ACCEPTANCE CORPORATION I
Depositor
WELLS FARGO BANK, NATIONAL ASSOCIATION
Master Servicer and Securities Administrator
and
U.S. BANK NATIONAL ASSOCIATION
Trustee
___________________________
POOLING AND SERVICING AGREEMENT
Dated as of June 1, 2006
___________________________
J.P. MORGAN MORTGAGE TRUST 2006-S2
MORTGAGE PASS-THROUGH CERTIFICATES
TABLE OF CONTENTS
Page
|
ARTICLE I |
DEFINITIONS |
8 |
|
SECTION 1.01 |
Definitions. |
8 |
|
SECTION 1.02 |
Calculations Respecting Mortgage Loans. |
49 |
|
ARTICLE II |
DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES |
50 |
|
SECTION 2.01 |
Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans. |
50 |
|
SECTION 2.02 |
Acceptance of Trust Fund by Trustee; Review of Documentation for Trust Fund. |
53 |
|
SECTION 2.03 |
Representations and Warranties of the Depositor. |
54 |
|
SECTION 2.04 |
Representations and Warranties as to the Mortgage Loans. |
56 |
|
SECTION 2.05 |
Discovery of Breach; Repurchase or Substitution of Mortgage Loans; Representations and Warranties of Seller as to the Mortgage Loans. |
56 |
|
SECTION 2.06 |
Grant Clause. |
62 |
|
ARTICLE III |
THE CERTIFICATES |
63 |
|
SECTION 3.01 |
The Certificates. |
63 |
|
SECTION 3.02 |
Registration. |
64 |
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SECTION 3.03 |
Transfer and Exchange of Certificates. |
64 |
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SECTION 3.04 |
Cancellation of Certificates. |
68 |
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SECTION 3.05 |
Replacement of Certificates. |
68 |
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SECTION 3.06 |
Persons Deemed Owners. |
68 |
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SECTION 3.07 |
Temporary Certificates. |
69 |
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SECTION 3.08 |
Appointment of Paying Agent. |
69 |
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SECTION 3.09 |
Book-Entry Certificates. |
70 |
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ARTICLE IV |
ADMINISTRATION OF THE TRUST FUND |
71 |
|
SECTION 4.01 |
Custodial Accounts; Distribution Account. |
71 |
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SECTION 4.02 |
[Reserved]. |
72 |
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SECTION 4.03 |
[Reserved]. |
72 |
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SECTION 4.04 |
Reports to Trustee and Certificateholders. |
72 |
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ARTICLE V |
DISTRIBUTIONS TO HOLDERS OF CERTIFICATES |
75 |
|
SECTION 5.01 |
Distributions Generally. |
75 |
|
SECTION 5.02 |
Distributions from the Distribution Account. |
76 |
|
SECTION 5.03 |
Allocation of Losses. |
84 |
|
SECTION 5.04 |
Advances by Master Servicer. |
86 |
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SECTION 5.05 |
Compensating Interest Payments. |
86 |
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SECTION 5.06 |
Deposit of Uncertificated REMIC Interests. |
86 |
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ARTICLE VI |
CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR; EVENTS OF DEFAULT |
87 |
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SECTION 6.01 |
Duties of Trustee and the Securities Administrator. |
87 |
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SECTION 6.02 |
Certain Matters Affecting the Trustee and the Securities Administrator. |
90 |
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SECTION 6.03 |
Trustee and Securities Administrator Not Liable for Certificates. |
91 |
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SECTION 6.04 |
Trustee and the Securities Administrator May Own Certificates. |
92 |
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SECTION 6.05 |
Eligibility Requirements for Trustee. |
92 |
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SECTION 6.06 |
Resignation and Removal of Trustee and the Securities Administrator. |
92 |
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SECTION 6.07 |
Successor Trustee and Successor Securities Administrator. |
94 |
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SECTION 6.08 |
Merger or Consolidation of Trustee or the Securities Administrator. |
94 |
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SECTION 6.09 |
Appointment of Co-Trustee, Separate Trustee or Custodian. |
95 |
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SECTION 6.10 |
Authenticating Agents. |
96 |
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SECTION 6.11 |
Indemnification of the Trustee, the Master Servicer and the Securities Administrator. |
97 |
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SECTION 6.12 |
Fees and Expenses of Securities Administrator and the Trustee. |
98 |
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SECTION 6.13 |
Collection of Monies. |
98 |
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SECTION 6.14 |
Events of Default; Trustee To Act; Appointment of Successor. |
98 |
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SECTION 6.15 |
Additional Remedies of Trustee Upon Event of Default. |
102 |
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SECTION 6.16 |
Waiver of Defaults. |
102 |
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SECTION 6.17 |
Notification to Holders. |
103 |
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SECTION 6.18 |
Directions by Certificateholders and Duties of Trustee During Event of Default. |
103 |
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SECTION 6.19 |
Action Upon Certain Failures of the Master Servicer and Upon Event of Default. |
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End of Preview |
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