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Document Preview Pooling and Servicing Agreement |
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Title: |
Pooling and Servicing Agreement |
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Entities: |
ACE Securities Corp. Home Equity Loan Trust, Series 2006-SD2; Barclays Bank plc; Freddie Mac; McGraw-Hill Companies Inc.; National Westminster Bank plc; Wells Fargo Bank, NA; Federal National Mortgage Association |
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Date: |
2006 |
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Size: |
Preview shows 34KB of 1184KB total |
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Price: |
$99 |
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ID: |
#2390910 |
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Start of Preview |
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ARTICLE I DEFINITIONS | |
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SECTION 1.01 |
Defined Terms. |
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SECTION 1.02 |
Allocation of Certain Interest Shortfalls.
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ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES
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SECTION 2.01 |
Conveyance of the Mortgage Loans. |
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SECTION 2.02 |
Acceptance of REMIC I by Trustee. |
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SECTION 2.03 |
Repurchase or Substitution of Mortgage Loans. |
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SECTION 2.04 |
Representations and Warranties of the Master Servicer. |
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SECTION 2.05 |
Representations, Warranties and Covenants of Ocwen and Wells Fargo. |
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SECTION 2.06 |
Issuance of the REMIC I Regular Interests and the Class R-I Interest. |
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SECTION 2.07 |
Conveyance of the REMIC I Regular Interests; Acceptance of REMIC I by the Trustee. |
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SECTION 2.08 |
Issuance of the Residual Certificates. |
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SECTION 2.09 |
Establishment of the Trust. |
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SECTION 2.10 |
Purpose and Powers of the Trust. |
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SECTION 2.11 |
Representations and Warranties of the Trustee. |
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ARTICLE III ADMINISTRATION AND SERVICING OF THE OCWEN MORTGAGE LOANS AND WELLS FARGO MORTGAGE LOANS; ACCOUNTS | |
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SECTION 3.01 |
Ocwen and Wells Fargo to Act as a Servicer. |
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SECTION 3.02 |
Sub-Servicing Agreement Between Each Servicer and Sub-Servicers. |
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SECTION 3.03 |
Successor Sub-Servicers. |
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SECTION 3.04 |
No Contractual Relationship Between Sub-Servicer, Subcontractor, Trustee or the Certificateholders. |
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SECTION 3.05 |
Assumption or Termination of Sub-Servicing Agreement by Successor Servicer. |
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SECTION 3.06 |
Collection of Certain Mortgage Loan Payments. |
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SECTION 3.07 |
Collection of Taxes, Assessments and Similar Items; Servicing Accounts. |
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SECTION 3.08 |
Collection Accounts, Simple Interest Excess Sub-Account and Distribution Account. |
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SECTION 3.09 |
Withdrawals from the Collection Accounts and Distribution Account. |
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SECTION 3.10 |
Investment of Funds in the Investment Accounts. |
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SECTION 3.11 |
Maintenance of Hazard Insurance, Errors and Omissions and Fidelity Coverage and Primary Mortgage Insurance. |
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SECTION 3.12 |
Enforcement of Due-on-Sale Clauses; Assumption Agreements. |
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SECTION 3.13 |
Realization Upon Defaulted Mortgage Loans. |
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SECTION 3.14 |
Trustee to Cooperate; Release of Mortgage Files. |
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SECTION 3.15 |
Servicing Compensation. |
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SECTION 3.16 |
Collection Account Statements. |
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SECTION 3.17 |
Annual Statement as to Compliance. |
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SECTION 3.18 |
Assessments of Compliance and Attestation Reports. |
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SECTION 3.19 |
Annual Certification; Additional Information. |
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SECTION 3.20 |
Access to Certain Documentation. |
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SECTION 3.21 |
Title, Management and Disposition of REO Property. |
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SECTION 3.22 |
Obligations of Each Servicer in Respect of Prepayment Interest Shortfalls; Relief Act Interest Shortfalls. |
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SECTION 3.23 |
Obligations of Each Servicer in Respect of Mortgage Rates and Monthly Payments. |
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SECTION 3.24 |
Reserve Fund. |
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SECTION 3.25 |
Advance Facility. |
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SECTION 3.26 |
The Servicers Indemnification Obligation. |
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ARTICLE IV ADMINISTRATION AND MASTER SERVICING OF THE MORTGAGE LOANS BY THE MASTER SERVICER | |
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SECTION 4.01 |
Master Servicer. |
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SECTION 4.02 |
REMIC-Related Covenants. |
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SECTION 4.03 |
Monitoring of the Servicers. |
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SECTION 4.04 |
Fidelity Bond. |
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SECTION 4.05 |
Power to Act; Procedures. |
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SECTION 4.06 |
Due-on-Sale Clauses; Assumption Agreements. |
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End of Preview |
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