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Document Preview Servicing Agreement |
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Title: |
Servicing Agreement |
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Entities: |
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Date: |
2007 |
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Size: |
Preview shows 79KB of 225KB total |
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Price: |
$73 |
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ID: |
#3117156 |
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Start of Preview |
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ARTICLE I. DEFINITIONS | ||
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ARTICLE II. SELLER?S ENGAGEMENT OF SERVICER TO PERFORM SERVICING RESPONSIBILITIES | ||
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Section 2.01 |
Contract for Servicing; Possession of Servicing Files. |
13 |
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Section 2.02 |
Books and Records. |
14 |
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ARTICLE III. SERVICING OF THE MORTGAGE LOANS | ||
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Section 3.01 |
Servicer to Service. |
15 |
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Section 3.02 |
Collection of Mortgage Loan Payments. |
17 |
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Section 3.03 |
Establishment of and Deposits to Custodial Account. |
17 |
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Section 3.04 |
Permitted Withdrawals From Custodial Account. |
18 |
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Section 3.05 |
Establishment of and Deposits to Escrow Account. |
19 |
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Section 3.06 |
Permitted Withdrawals From Escrow Account. |
20 |
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Section 3.07 |
Maintenance of PMI Policy and/or LPMI Policy; Claims. |
21 |
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Section 3.08 |
Fidelity Bond and Errors and Omissions Insurance. |
22 |
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Section 3.09 |
Notification of Adjustments. |
22 |
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Section 3.10 |
Completion and Recordation of Assignments of Mortgage. |
23 |
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Section 3.11 |
Protection of Accounts. |
23 |
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Section 3.12 |
Payment of Taxes, Insurance and Other Charges. |
23 |
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Section 3.13 |
Maintenance of Hazard Insurance. |
24 |
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Section 3.14 |
Maintenance of Mortgage Blanket Insurance. |
25 |
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Section 3.15 |
Restoration of Mortgaged Property. |
25 |
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Section 3.16 |
Title, Management and Disposition of REO Property. |
25 |
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Section 3.17 |
Real Estate Owned Reports. |
28 |
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Section 3.18 |
MERS. |
28 |
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Section 3.19 |
Waiver of Prepayment Penalty Amounts. |
29 |
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Section 3.20 |
Safeguarding Customer Information. |
29 |
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ARTICLE IV. PAYMENTS TO MASTER SERVICER | ||
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Section 4.01 |
Remittances. |
30 |
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Section 4.02 |
Statements to Master Servicer. |
30 |
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Section 4.03 |
Monthly Advances by Servicer. |
32 |
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ARTICLE V. GENERAL SERVICING PROCEDURES | ||
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Section 5.01 |
Servicing Compensation. |
32 |
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Section 5.02 |
Report on Attestation of Compliance with Applicable Servicing Criteria. |
33 |
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Section 5.03 |
Annual Officer?s Certificate. |
33 |
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Section 5.04 |
Report on Assessment of Compliance with Applicable Servicing Criteria. |
34 |
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Section 5.05 |
Transfers of Mortgaged Property. |
35 |
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ARTICLE VI. REPRESENTATIONS, WARRANTIES AND AGREEMENTS | ||
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Section 6.01 |
Representations, Warranties and Agreements of the Servicer. |
36 |
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Section 6.02 |
Remedies for Breach of Representations and Warranties of the Servicer. |
38 |
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Section 6.03 |
Additional Indemnification by the Servicer; Third Party Claims. |
38 |
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Section 6.04 |
Indemnification with Respect to Certain Taxes and Loss of REMIC Status. |
39 |
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Section 6.05 |
Reporting Requirements of the Commission and Indemnification. |
40 |
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ARTICLE VII. THE SERVICER | ||
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Section 7.01 |
Merger or Consolidation of the Servicer. |
41 |
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Section 7.02 |
Limitation on Liability of the Servicer and Others. |
41 |
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Section 7.03 |
Limitation on Resignation and Assignment by the Servicer. |
42 |
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Section 7.04 |
Subservicing Agreements and Successor Subservicer. |
43 |
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ARTICLE VIII. TERMINATION | ||
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Section 8.01 |
Termination for Cause. |
44 |
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Section 8.02 |
Termination Without Cause. |
46 |
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ARTICLE IX. MISCELLANEOUS PROVISIONS | ||
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Section 9.01 |
Successor to the Servicer. |
47 |
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Section 9.02 |
Costs. |
49 |
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Section 9.03 |
Notices. |
49 |
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Section 9.04 |
Severability Clause. |
50 |
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Section 9.05 |
No Personal Solicitation. |
51 |
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Section 9.06 |
Counterparts. |
51 |
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Section 9.07 |
Place of Delivery and Governing Law. |
52 |
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Section 9.08 |
Further Agreements. |
52 |
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Section 9.09 |
Intention of the Parties. |
52 |
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Section 9.10 |
Successors and Assigns; Assignment of Servicing Agreement. |
52 |
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Section 9.11 |
Assignment by the Seller. |
52 |
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Section 9.12 |
Waivers. |
53 |
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Section 9.13 |
Exhibits. |
53 |
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Section 9.14 |
General Interpretive Principles. |
53 |
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Section 9.15 |
Intended Third Party Beneficiaries. |
53 |
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Section 9.16 |
Reproduction of Documents. |
54 |
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Section 9.17 |
Protection of Confidential Information. |
54 |
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Section 9.18 |
Amendment. |
54 |
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EXHIBIT A |
Mortgage Loan Schedule |
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EXHIBIT B |
Custodial Account Certification |
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EXHIBIT C |
Escrow Account Certification |
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EXHIBIT D-1 |
Master Servicer Data Field Requirements (Standard Layout) |
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EXHIBIT D-2 |
Standard Layout for Monthly Defaulted Loan Report |
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EXHIBIT D-3 |
Form of Loan Loss Report |
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EXHIBIT E |
Form of Certification to be Provided to the Depositor, the Master Servicer and the Trustee by the Servicer |
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EXHIBIT F |
Assignment and Assumption Agreement |
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EXHIBIT G |
Fannie Mae Guide No. 95-19 |
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EXHIBIT H |
Servicing Criteria to be Addressed in Report on Assessment of Compliance |
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EXHIBIT I |
Transaction Parties |
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EXHIBIT J |
Form of Annual Officer?s Certificate |
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EXHIBIT K |
Schedule of Adjustable Rate Mortgage Loans Subject to Adjustment |
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End of Preview |
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