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Title: |
Pooling and Servicing Agreement |
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Entities: |
Citizens Bank of Pennsylvania; J.P. Morgan Mortgage Trust 2006-S3; J.P. Morgan Securities Inc.; JPMorgan Chase Bank; McGraw-Hill Companies Inc.; NetBank, Inc.; U.S. Bank, NA; Wells Fargo Bank, NA; Federal National Mortgage Association; International Swaps & Derivatives Association, Inc. |
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Date: |
2006 |
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Size: |
Preview shows 25KB of 590KB total |
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Price: |
$99 |
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ID: |
#2406941 |
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Start of Preview |
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EXECUTION VERSION
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 July 1, 2006
___________________________
J.P. MORGAN MORTGAGE TRUST 2006-S3
MORTGAGE PASS-THROUGH CERTIFICATES
TABLE OF CONTENTS
Page
ARTICLE I DEFINITIONS
13
SECTION 1.01
Definitions.
13
SECTION 1.02
Calculations Respecting Mortgage Loans.
61
ARTICLE II DECLARATION OF TRUST; ISSUANCE OF CERTIFICATES
61
SECTION 2.01
Creation and Declaration of Trust Fund; Conveyance of Mortgage Loans.
61
SECTION 2.02
Acceptance of Trust Fund by Trustee; Review of Documentation for Trust Fund.
65
SECTION 2.03
Representations and Warranties of the Depositor.
66
SECTION 2.04
Representations and Warranties as to the Mortgage Loans.
68
SECTION 2.05
Discovery of Breach; Repurchase or Substitution of Mortgage Loans; Representations
and Warranties of Seller as to the Mortgage Loans.
68
SECTION 2.06
Grant Clause.
73
ARTICLE III THE CERTIFICATES
74
SECTION 3.01
The Certificates.
74
SECTION 3.02
Registration.
75
SECTION 3.03
Transfer and Exchange of Certificates.
75
SECTION 3.04
Cancellation of Certificates.
79
SECTION 3.05
Replacement of Certificates.
79
SECTION 3.06
Persons Deemed Owners.
79
SECTION 3.07
Temporary Certificates.
79
SECTION 3.08
Appointment of Paying Agent.
80
SECTION 3.09
Book-Entry Certificates.
80
ARTICLE IV ADMINISTRATION OF THE TRUST FUND
82
SECTION 4.01
Custodial Accounts; Distribution Account.
82
SECTION 4.02
[Reserved].
83
SECTION 4.03
[Reserved].
83
SECTION 4.04
Reports to Trustee and Certificateholders.
83
SECTION 4.05
Reserve Fund; Yield Maintenance Agreements.
86
ARTICLE V DISTRIBUTIONS TO HOLDERS OF CERTIFICATES
87
SECTION 5.01
Distributions Generally.
87
SECTION 5.02
Distributions from the Distribution Account.
87
SECTION 5.03
Allocation of Losses.
98
SECTION 5.04
Advances by Master Servicer.
101
SECTION 5.05
Compensating Interest Payments.
101
SECTION 5.06
Deposit of Uncertificated REMIC Interests.
101
ARTICLE VI CONCERNING THE TRUSTEE AND THE SECURITIES ADMINISTRATOR;
EVENTS OF DEFAULT
101
SECTION 6.01
Duties of Trustee and the Securities Administrator.
101
SECTION 6.02
Certain Matters Affecting the Trustee and the Securities Administrator.
105
SECTION 6.03
Trustee and Securities Administrator Not Liable for Certificates.
106
SECTION 6.04
Trustee and the Securities Administrator May Own Certificates.
107
SECTION 6.05
Eligibility Requirements for Trustee.
107
SECTION 6.06
Resignation and Removal of Trustee and the Securities Administrator.
107
SECTION 6.07
Successor Trustee and Successor Securities Administrator.
108
SECTION 6.08
Merger or Consolidation of Trustee or the Securities Administrator.
109
SECTION 6.09
Appointment of Co-Trustee, Separate Trustee or Custodian.
109
SECTION 6.10
Authenticating Agents.
111
SECTION 6.11
Indemnification of the Trustee, the Master Servicer and the Securities Administrator.
112
SECTION 6.12
Fees and Expenses of Securities Administrator and the Trustee.
112
SECTION 6.13
Collection of Monies.
113
SECTION 6.14
Events of Default; Trustee To Act; Appointment of Successor.
113
SECTION 6.15
Additional Remedies of Trustee Upon Event of Default.
117
SECTION 6.16
Waiver of Defaults.
117
SECTION 6.17
Notification to Holders.
117
SECTION 6.18
Directions by Certificateholders and Duties of Trustee During Event of Default.
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