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Title: |
Pooling and Servicing Agreement |
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Date: |
2007 |
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Preview shows 26KB of 604KB total |
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Price: |
$99 |
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ID: |
#2831479 |
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J.P. MORGAN ACCEPTANCE CORPORATION I
Depositor
J.P. MORGAN MORTGAGE ACQUISITION CORP.
Seller
JPMORGAN CHASE BANK, NATIONAL ASSOCIATION
Servicer
DEUTSCHE BANK NATIONAL TRUST COMPANY
Trustee
and
PENTALPHA SURVEILLANCE LLC
Trust Oversight Manager
_________________________________________
POOLING AND SERVICING AGREEMENT
Dated as of February 1, 2007
_________________________________________
J.P. MORGAN MORTGAGE ACQUISITION TRUST 2007-CH2
ASSET BACKED PASS-THROUGH CERTIFICATES, SERIES 2007-CH2
Table of Contents
Page
ARTICLE I DEFINITIONS
SECTION 1.01.
Defined Terms.
3
SECTION 1.02.
Allocation of Certain Interest Shortfalls.
53
SECTION 1.03.
Designation of Interests in REMIC.
54
SECTION 1.04.
Rights of the NIMS Insurer.
63
ARTICLE II CONVEYANCE OF MORTGAGE LOANS;
ORIGINAL ISSUANCE OF CERTIFICATES
SECTION 2.01.
Conveyance of Mortgage Loans.
64
SECTION 2.02.
Acceptance of REMIC I by the Trustee.
67
SECTION 2.03.
Repurchase or Substitution of Mortgage Loans by the Originator, the
Seller or the Depositor; Payment of Prepayment Premiums in the
Event of Breach.
68
SECTION 2.04.
Representations and Warranties of the Depositor.
72
SECTION 2.05.
Representations, Warranties and Covenants of the Servicer.
74
SECTION 2.06.
Representations and Warranties as to the Mortgage Loans.
77
SECTION 2.07.
Issuance of the R-I Residual Interest.
77
SECTION 2.08.
Conveyance of Uncertificated REMIC Regular Interests; Acceptance
by the Trustee.
78
ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS
SECTION 3.01.
Servicer to Act as Servicer.
78
SECTION 3.02.
Sub-Servicing Agreements Between the Servicer and Sub-Servicers.
80
SECTION 3.03.
Successor Sub-Servicers.
82
SECTION 3.04.
Liability of the Servicer.
83
SECTION 3.05.
No Contractual Relationship Between Sub-Servicers and NIMS
Insurer, Trustee or Certificateholders.
83
SECTION 3.06.
Assumption or Termination of Sub-Servicing Agreements by Trustee.
83
SECTION 3.07.
Collection of Certain Mortgage Loan Payments.
84
SECTION 3.08.
Sub-Servicing Accounts.
85
SECTION 3.09.
Collection of Taxes, Assessments and Similar Items; Servicing
Accounts.
85
SECTION 3.10.
Collection Account and Distribution Account.
86
SECTION 3.11.
Withdrawals from the Collection Account and Distribution Account.
88
SECTION 3.12.
Investment of Funds in the Collection Account, the REO Account and
the Distribution Account.
90
SECTION 3.13.
Superior Liens.
91
SECTION 3.14.
Maintenance of Hazard Insurance and Errors and Omissions and
Fidelity Coverage.
92
SECTION 3.15.
Enforcement of Due-On-Sale Clauses; Assumption Agreements.
93
SECTION 3.16.
Realization Upon Defaulted Mortgage Loans.
95
SECTION 3.17.
Trustee and the Custodian to Cooperate; Release of Mortgage Files.
97
SECTION 3.18.
Servicing Compensation.
98
SECTION 3.19.
[RESERVED].
99
SECTION 3.20.
Statement as to Compliance.
99
SECTION 3.21.
Report on Assessment of Compliance and Attestation.
99
SECTION 3.22.
Access to Certain Documentation.
103
SECTION 3.23.
Title, Management and Disposition of REO Property.
103
SECTION 3.24.
Obligations of the Servicer in Respect of Prepayment Interest
Shortfalls.
107
SECTION 3.25.
Obligations of the Servicer in Respect of Mortgage Rates and Monthly
Payments.
107
SECTION 3.26.
Group 1 Net WAC Reserve Fund.
107
SECTION 3.27.
Group 2 Net WAC Reserve Fund.
108
SECTION 3.28.
Swap Agreement.
109
SECTION 3.29.
Advance Facility.
110
ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS
SECTION 4.01.
Distributions.
112
SECTION 4.02.
Statements to Certificateholders.
123
SECTION 4.03.
Remittance Reports; P&I Advances.
127
SECTION 4.04.
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