|
|
|
|
Document Preview Pooling and Servicing Agreement |
|
|
|
|
|
Click "Add to Cart" button to purchase document. |
|
|
|
|
|
Title: |
Pooling and Servicing Agreement |
|
Entities: |
Abfc 2006-Opt1 Trust; Cede & Co.; Freddie Mac; McGraw-Hill Companies Inc.; Wells Fargo Bank, NA; Federal National Mortgage Association; International Swaps & Derivatives Association, Inc.; Bank of America, NA |
|
Date: |
2006 |
|
Size: |
Preview shows 5KB of 1280KB total |
|
Price: |
$99 |
|
ID: |
#2447464 |
|
|
|
|
|
|
|
Start of Preview |
|
ASSET BACKED FUNDING CORPORATION,
Depositor
OPTION ONE MORTGAGE CORPORATION,
Servicer
and
WELLS FARGO BANK, N.A.,
Trustee
POOLING AND SERVICING AGREEMENT
Dated as of July 1, 2006
ABFC 2006-OPT1 Trust
Asset Backed Funding Corporation Asset-Backed Certificates,
Series 2006-OPT1
================================================================================
{PAGE}
TABLE OF CONTENTS
ARTICLE I
DEFINITIONS
Section 1.01 Defined Terms...............................................
Section 1.02 Accounting..................................................
Section 1.03 Rights of the NIMS Insurer..................................
Section 1.04 Fiscal Year.................................................
ARTICLE II
CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
Section 2.01 Conveyance of Mortgage Loans................................
Section 2.02 Acceptance by Trustee.......................................
Section 2.03 Repurchase or Substitution of Mortgage Loans by
the Originators or the Seller...............................
Section 2.04 Conveyance of the Additional Group 3 Mortgage Loans.........
Section 2.05 Representations, Warranties and Covenants of the
Servicer....................................................
Section 2.06 Representations and Warranties of the Depositor.............
Section 2.07 Issuance of Certificates and the Uncertificated
Regular Interests...........................................
ARTICLE III
ADMINISTRATION AND SERVICING
OF THE TRUST FUND
Section 3.01 Servicer to Act as Servicer.................................
Section 3.02 Collection of Mortgage Loan Payments........................
Section 3.03 Realization Upon Defaulted Mortgage Loans...................
Section 3.04 Collection Account and Distribution Account.................
Section 3.05 Permitted Withdrawals From the Collection Account...........
Section 3.06 Establishment of Escrow Accounts; Deposits in
Escrow Accounts.............................................
Section 3.07 Permitted Withdrawals From Escrow Account...................
Section 3.08 Payment of Taxes, Insurance and Other Charges;
Collections Thereunder......................................
Section 3.09 Transfer of Accounts........................................
Section 3.10 Maintenance of Hazard Insurance.............................
Section 3.11 Maintenance of Mortgage Impairment Insurance Policy.........
Section 3.12 Fidelity Bond, Errors and Omissions Insurance...............
Section 3.13 Title, Management and Disposition of REO Property...........
Section 3.14 Due-on-Sale Clauses; Assumption and Substitution
Agreements..................................................
Section 3.15 Notification of Adjustments.................................
Section 3.16 Subservicing; Enforcement of the Obligations of the
Servicer....................................................
Section 3.17 Trustee to Cooperate; Release of Files......................
Section 3.18 Servicing Compensation......................................
Section 3.19 Annual Statement as to Compliance...........................
Section 3.20 Assessments of Compliance; Attestation Reports..............
Section 3.21 Access to Certain Documentation and Information
Regarding the Mortgage Loans................................
Section 3.22 Duties of Credit Risk Manager...............................
Section 3.23 Obligations of the Servicer in Respect of
Compensating Interest.......................................
|
End of Preview |
Home Intelligence Services Subscriptions News About Us