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Title: |
Pooling and Servicing Agreement |
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Date: |
2007 |
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Preview shows 5KB of 1211KB total |
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Price: |
$99 |
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ID: |
#2861023 |
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BANC OF AMERICA FUNDING CORPORATION,
as Depositor,
WELLS FARGO BANK, N.A.,
as Master Servicer and Securities Administrator,
and
U.S. BANK NATIONAL ASSOCIATION,
as Trustee
POOLING AND SERVICING AGREEMENT
Dated April 30, 2007
------------------------------------------
Mortgage Pass-Through Certificates
Series 2007-C
================================================================================
{PAGE}
TABLE OF CONTENTS
{TABLE}
{CAPTION}
Page
----
{S} {C} {C} {C} {C} {C} {C}
ARTICLE I DEFINITIONS......18
Section 1.01 Defined Terms..............................................................................18
Section 1.02 Interest Calculations......................................................................80
ARTICLE II CONVEYANCE OF MORTGAGE LOANS ORIGINAL ISSUANCE OF CERTIFICATES 81
Section 2.01 Conveyance of Mortgage Loans...............................................................81
Section 2.02 Acceptance by the Trustee or Custodian of the Mortgage Loans...............................86
Section 2.03 Representations, Warranties and Covenants of the Master Servicer...........................90
Section 2.04 Representations and Warranties of the Depositor as to the Mortgage Loans...................91
Section 2.05 Designation of Interests in the REMICs.....................................................92
Section 2.06 Designation of Start-up Day................................................................93
Section 2.07 REMIC Certificate Maturity Date............................................................93
Section 2.08 Execution and Delivery of Certificates.....................................................93
Section 2.09 Establishment of the Trust.................................................................94
Section 2.10 Purpose and Powers of the Trust............................................................94
Section 2.11 Rights of the NIMS Insurer.................................................................95
ARTICLE III ADMINISTRATION AND MASTER SERVICING OF MORTGAGE LOANS 95
Section 3.01 Master Servicing of the Mortgage Loans.....................................................95
Section 3.02 Monitoring of Servicers....................................................................96
Section 3.03 Fidelity Bond; Errors and Omissions Insurance..............................................98
Section 3.04 Access to Certain Documentation............................................................98
Section 3.05 Maintenance of Primary Mortgage Insurance Policy; Claims...................................98
Section 3.06 Rights of the Depositor, the Securities Administrator and the Trustee in
Respect of the Master Servicer.............................................................99
Section 3.07 Trustee to Act as Master Servicer..........................................................99
Section 3.08 Servicer Custodial Accounts and Escrow Accounts...........................................100
Section 3.09 Collection of Mortgage Loan Payments; Master Servicer Custodial Account, Certificate
Account and Cap Carryover Reserve Account.................................................100
Section 3.10 Access to Certain Documentation and Information Regarding the Mortgage Loans..............104
Section 3.11 Permitted Withdrawals from the Certificate Account and the Master Servicer Custodial
Account...................................................................................104
Section 3.12 Maintenance of Hazard Insurance and Other Insurance.......................................106
Section 3.13 Presentment of Claims and Collection of Proceeds..........................................106
Section 3.14 Enforcement of Due-On-Sale Clauses; Assumption Agreements.................................107
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