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Title: |
Pooling and Servicing Agreement |
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Date: |
2007 |
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Preview shows 5KB of 4024KB total |
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$99 |
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ID: |
#2861000 |
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BANC OF AMERICA FUNDING CORPORATION,
as Depositor,
WELLS FARGO BANK, N.A.,
as a Master Servicer and Securities Administrator,
WASHINGTON MUTUAL MORTGAGE SECURITIES CORP.,
as a Master Servicer,
and
U.S. BANK NATIONAL
ASSOCIATION,
as Trustee
POOLING AND SERVICING AGREEMENT
Dated April 30, 2007
------------------------
Mortgage Pass-Through Certificates
Series 2007-3
================================================================================
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
{S} {C} {C} {C} {C} {C} {C}
ARTICLE I DEFINITIONS 26
Section 1.01 Defined Terms..............................................................................26
Section 1.02 Interest Calculations.....................................................................125
ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES 125
Section 2.01 Conveyance of Mortgage Loans..............................................................125
Section 2.02 Acceptance by the Trustee or Custodian of the Mortgage Loans..............................131
Section 2.03 Representations, Warranties and Covenants of the Master Servicers.........................136
Section 2.04 Representations and Warranties of the Depositor as to the Mortgage Loans..................138
Section 2.05 Designation of Interests in the REMICs....................................................140
Section 2.06 Designation of Start-up Day...............................................................140
Section 2.07 REMIC Certificate Maturity Date...........................................................140
Section 2.08 Execution and Delivery of Certificates....................................................140
Section 2.09 Establishment of the Trust................................................................141
Section 2.10 Purpose and Powers of the Trust...........................................................141
Section 2.11 Rights of the NIMS Insurer................................................................142
ARTICLE III ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS 142
Section 3.01 Master Servicing of the Mortgage Loans....................................................142
Section 3.02 Monitoring of Servicers...................................................................145
Section 3.03 Fidelity Bond; Errors and Omissions Insurance.............................................147
Section 3.04 Access to Certain Documentation...........................................................147
Section 3.05 Maintenance of Primary Mortgage Insurance Policy; Claims..................................148
Section 3.06 Rights of the Depositor, the Securities Administrator and the Trustee in Respect of the
Master Servicers........................................................................149
Section 3.07 Trustee to Act as Master Servicer.........................................................149
Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................150
Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Accounts, Certificate
Account and Cap Carryover Reserve Account...............................................151
Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans..............156
Section 3.11 Permitted Withdrawals from the Certificate Account, the Master Servicer Custodial
Accounts and the Servicer Custodial Accounts............................................156
Section 3.12 Maintenance of Hazard Insurance and Other Insurance.......................................159
Section 3.13 Presentment of Claims and Collection of Proceeds..........................................160
Section 3.14 Enforcement of Due-On-Sale Clauses; Assumption Agreements.................................160
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