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Preview Full Doc	2003	Pooling and Servicing Agreement Pooling and Servicing Agreement (1,041K) Doc #163392: Click preview link for longer preview. NEW CENTURY MORTGAGE SECURITIES, INC. Depositor NEW CENTURY MORTGAGE CORPORATION Master Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY Trustee POOLING AND SERVICING AGREEMENT Dated as of October 1, 2003 New Century Home Equity Loan Trust, Series 2003-5 Asset Backed Pass-Through Certificates Series 2003-5 {PAGE} {TABLE} {CAPTION} TABLE OF CONTENTS ARTICLE I DEFINITIONS {S} {C} SECTION 1.01. Defined Terms........................................................................-2- SECTION 1.02. Allocation of Certain Interest Shortfalls...........................................-47- ARTICLE II CONVEYANCE OF MORTGAGE LOANS; ORIGINAL ISSUANCE OF CERTIFICATES SECTION 2.01. Conveyance of the Mortgage Loans....................................................-49- SECTION 2.02. Acceptance of REMIC I by Trustee....................................................-51- SECTION 2.03. Repurchase or Substitution of Mortgage Loans by the Seller..........................-52- SECTION 2.04. Reserved............................................................................-55- SECTION 2.05. Representations, Warranties and Covenants of the....................................-55- SECTION 2.06. Issuance of the REMIC I Regular Interests and the Class R-I Interest............................................................................-57- SECTION 2.07. Conveyance of the REMIC I Regular Interests; Acceptance of REMIC II by the Trustee.............................................................-57- SECTION 2.08. [Reserved]..........................................................................-58- SECTION 2.09. Issuance of Class R Certificates....................................................-58- SECTION 2.10. Conveyance of Delayed Delivery Group I Mortgage Loans...............................-58- ARTICLE III ADMINISTRATION AND SERVICING OF THE MORTGAGE LOANS SECTION 3.01. Master Servicer to Act as ..........................................................-59- SECTION 3.02. Sub-Servicing Agreements Between Master Servicer and Sub- Servicers...........................................................................-61- SECTION 3.03. Successor Sub-Servicers.............................................................-62- SECTION 3.04. Liability of the Master Servicer....................................................-62- SECTION 3.05. No Contractual Relationship Between Sub-Servicers, the Trustee or the Certificateholders...........................................................-63- SECTION 3.06. Assumption or Termination of Sub-Servicing Agreements by the Trustee.............................................................................-63- SECTION 3.07. Collection of Certain Mortgage Loan Payments........................................-64- SECTION 3.08. Sub-Servicing Accounts..............................................................-64- SECTION 3.09. Collection of Taxes, Assessments and Similar Items; Servicing Accounts............................................................................-64- SECTION 3.10. Collection Account and Distribution Account.........................................-65- SECTION 3.11. Withdrawals from the Collection Account and Distribution Account.............................................................................-68- SECTION 3.12. Investment of Funds in the Collection Account and the -i- {PAGE} Distribution Account................................................................-69- SECTION 3.13. [Reserved]..........................................................................-70- SECTION 3.14. Maintenance of Hazard Insurance and Errors and Omissions and Fidelity Coverage...................................................................-71- SECTION 3.15. Enforcement of Due-On-Sale Clauses; Assumption Agreements ...................................................................................-72- SECTION 3.16. Realization Upon Defaulted Mortgage Loans...........................................-73- SECTION 3.17. Trustee to Cooperate; Release of Mortgage Files.....................................-76- SECTION 3.18. Servicing Compensation..............................................................-77- SECTION 3.19. Reports to the Trustee and Others; Collection Account Statements ...................................................................................-77- SECTION 3.20. Statement as to Compliance..........................................................-77- SECTION 3.21. Independent Public Accountants' Servicing Report....................................-78- SECTION 3.22. Access to Certain Documentation.....................................................-78- SECTION 3.23. Title, Management and Disposition of REO Property...................................-79- SECTION 3.24. Obligations of the Master Servicer in Respect of Prepayment Interest Shortfalls.................................................................-82- SECTION 3.25. Obligations of the Master Servicer in Respect of Mortgage Rates and Monthly Payments................................................................-82- SECTION 3.26. Advance Facility....................................................................-82- SECTION 3.28 Net WAC Rate Carryover Reserve Account..............................................-83- SECTION 3.29 Reserved............................................................................-85- ARTICLE IV PAYMENTS TO CERTIFICATEHOLDERS SECTION 4.01. Distributions.......................................................................-86- SECTION 4.02. Statements to Certificateholders....................................................-96- SECTION 4.03. Remittance Reports; P&I Advances....................................................-99- SECTION 4.04. Allocation of Realized Losses......................................................-101- SECTION 4.05. Compliance with Withholding Requirements...........................................-103- SECTION 4.06. Derivative Contracts...............................................................-105- ARTICLE V THE CERTIFICATES SECTION 5.01. The Certificate....................................................................-106- SECTION 5.02. Registration of Transfer and Exchange of Certificates..............................-108- SECTION 5.03. Mutilated, Destroyed, Lost or Stolen Certificates..................................-112- SECTION 5.04. Persons Deemed Owners..............................................................-112- SECTION 5.05. Certain Available Information......................................................-113- ARTICLE VI THE DEPOSITOR AND THE MASTER SERVICER -ii- {PAGE} SECTION 6.01. Liability of the Depositor and the ................................................-114- SECTION 6.02. Merger or Consolidation of the Depositor or the ...................................-114- SECTION 6.03. Limitation on Liability of the Depositor, the Master Servicer and Others.............................................................................-114- SECTION 6.04. Limitation on Resignation of the Master Servicer...................................-115- SECTION 6.05. Rights of the Depositor in Respect of the Master Servicer..........................-116- ARTICLE VII DEFAULT SECTION 7.01. Master Servicer Events of Default..................................................-117- SECTION 7.02. Trustee to Act; Appointment of Successor...........................................-119- SECTION 7.03. Notification to Certificateholders.................................................-120- SECTION 7.04. Waiver of Master Servicer Events of Default........................................-120- ARTICLE VIII CONCERNING THE TRUSTEE SECTION 8.01. Duties of Trustee..................................................................-121- SECTION 8.02. Certain Matters Affecting the Trustee..............................................-122- SECTION 8.03. Trustee Not Liable for Certificates or Mortgage Loans..............................-123- SECTION 8.04. Trustee May Own Certificates.......................................................-123- SECTION 8.05. Trustee's Fees and Expenses........................................................-124- SECTION 8.06. Eligibility Requirements for Trustee...............................................-124- SECTION 8.07. Resignation and Removal of the Trustee.............................................-125- SECTION 8.08. Successor Trustee..................................................................-125- SECTION 8.09. Merger or Consolidation of Trustee.................................................-126- SECTION 8.10. Appointment of Co-Trustee or Separate Trustee......................................-126- SECTION 8.11. [Reserved].........................................................................-127- SECTION 8.12. Appointment of Office or Agency....................................................-127- SECTION 8.13. Representations and Warranties of the Trustee......................................-127- ARTICLE IX TERMINATION SECTION 9.01 Termination Upon Repurchase or Liquidation of All Mortgage Loans..............................................................................-129- SECTION 9.02 Additional Termination Requirements................................................-130- ARTICLE X REMIC PROVISIONS SECTION 10.01. REMIC Administration.............................................................. -132- SECTION 10.02. Prohibited Transactions and Activities.............................................-134- SECTION 10.03. Master Servicer and Trustee Indemnification........................................-135- -iii- {PAGE} ARTICLE XI MISCELLANEOUS PROVISIONS SECTION 11.01. Amendment.................................................................-136- SECTION 11.02. Recordation of Agreement; Counterparts....................................-137- SECTION 11.03. Limitation on Rights of Certificateholders................................-138- SECTION 11.04. Governing Law.............................................................-138- SECTION 11.05. Notices...................................................................-138- SECTION 11.06. Severability of Provisions................................................-139- SECTION 11.07. Notice to Rating Agencies.................................................-139- SECTION 11.08. Article and Section References............................................-140- SECTION 11.09. Grant of Security Interest................................................-140- SECTION 11.10. Waiver of Jury Trial......................................................-141- {/TABLE} -iv- {PAGE} Exhibits -------- Exhibit A-1 Form of Class A-I-1 Certificate Exhibit A-2 Form of Class A-I-2 Certificate Exhibit A-3 Form of Class A-I-2A Certificate Exhibit A-4 Form of Class A-I-3 Certificate Exhibit A-5 Form of Class A-I-4 Certificate Exhibit A-6 Form of Class A-I-5 Certificate Exhibit A-7 Form of Class A-I-6 Certificate Exhibit A-8 Form of Class A-I-6A Certificate Exhibit A-9 Form of Class A-I-7 Certificate Exhibit A-10 Form of Class A-II Certificate Exhibit A-11 Form of Class M-1 Certificate Exhibit A-12 Form of Class M-2 Certificate Exhibit A-13 Form of Class M-3 Certificate Exhibit A-14 Form of Class M-4 Certificate Exhibit A-15 Form of Class M-5 Certificate Exhibit A-16 Form of Class B Certificate Exhibit A-17 Form of Class CE Certificate Exhibit A-18 Form of Class P Certificate Exhibit A-19 Form of Class R Certificate Exhibit B Copy of Certificate Guaranty Insurance Policy with respect to the Insured Certificates Exhibit C-1 Form of Trustee's Initial Certification Exhibit C-2 Form of Trustee's Final Certification Exhibit D Form of Mortgage Loan Purchase Agreement Exhibit E Request for Release Exhibit F-1 Form of Transferor Representation Letter and Form of Transferee Representation Letter in Connection with Transfer of the Class B Certificates, Class CE Certificates, Class P Certificates or Residual Certificates Pursuant to Rule 144A Under the 1933 Act Exhibit F-2 Form of Transfer Affidavit and Agreement and Form of Transferor Affidavit in Connection with Transfer of Residual Certificates Exhibit G Form of Certification with respect to ERISA and the Code Exhibit H Form of Report Pursuant to Section 4.06 Exhibit I Form of Lost Note Affidavit Exhibit J-1 Form of Certification to Be Provided by the Depositor with Form 10-K Exhibit J-2 Form of Certification to Be Provided to the Depositor by the Trustee Exhibit K [Reserved] Exhibit L Form of Officer's Certificate Regarding Annual Statement of Compliance Schedule 1 Mortgage Loan Schedule Schedule 2 Prepayment Charge Schedule -v- {PAGE} This Pooling and Servicing Agreement, is dated and effective as of October 1, 2003, among NEW CENTURY MORTGAGE SECURITIES, INC. as Depositor, NEW CENTURY MORTGAGE CORPORATION, as Master Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee. PRELIMINARY STATEMENT: The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the aggregate will evidence the entire beneficial ownership interest in each REMIC (as defined herein) created hereunder. The Trust Fund will consist of a segregated pool of assets comprised of the Mortgage Loans and certain other related assets subject to this Agreement. REMIC I ------- As provided herein, the Trustee will elect to treat the segregated pool of assets consisting of the Mortgage Loans and certain other related assets (other than the Master Servicer Prepayment Charge Payment Amount, the Net WAC Rate Carryover Reserve Account and the Cap Contracts) subject to this Agreement as a REMIC for federal income tax purposes, and such segregated pool of assets will be designated as "REMIC I." The Class R-I Interest will be the sole class of "residual interests" in REMIC I for purposes of the REMIC Provisions (as defined herein). The following table irrevocably sets forth the designation, the REMIC I Remittance Rate, the initial Uncertificated Balance and, solely for purposes of satisfying Treasury regulation section 1.860G- 1(a)(4)(iii), the "latest possible maturity date" for each of the REMIC I Regular Interests (as defined herein). None of the REMIC I Regular Interests will be certificated. -vi- {PAGE} {TABLE} {CAPTION} REMIC I Initial Latest Possible Designation Remittance Rate Uncertificated Balance Maturity Date(1) ----------- --------------- ---------------------- ---------------- {S} {C} {C} {C} I-LTAA Variable(2) $538,999,951.00 November 25, 2033 I-LTA1 Variable(2) $ 2,597,460.00 November 25, 2033 I-LTA2 Variable(2) $ 834,200.00 November 25, 2033 I-LTA2A Variable(2) $ 250,000.00 November 25, 2033 I-LTA3 Variable(2) $ 1,803,500.00 November 25, 2033 I-LTA4 Variable(2) $ 1,199,800.00 November 25, 2033 I-LTA5 Variable(2) $ 249,040.00 November 25, 2033 I-LTA6 Variable(2) $ 511,750.00 November 25, 2033 I-LTA6A Variable(2) $ 400,000.00 November 25, 2033 I-LTA7 Variable(2) $ 871,750.00 November 25, 2033 I-LTM1 Variable(2) $ 533,500.00 November 25, 2033 I-LTM2 Variable(2) $ 401,500.00 November 25, 2033 I-LTM3 Variable(2) $ 165,000.00 November 25, 2033 I-LTM4 Variable(2) $ 82,500.00 November 25, 2033 I-LTM5 Variable(2) $ 82,500.00 November 25, 2033 I-LTB Variable(2) $ 165,000.00 November 25, 2033 I-LTZZ Variable(2) $ 5,554,999.00 November 25, 2033 I-LT1SUB Variable(2) $ 1,524.49 November 25, 2033 I-LT1GRP Variable(2) $ 10,241.99 November 25, 2033 I-LT2SUB Variable(2) $ 12.80 November 25, 2033 I-LT2GRP Variable(2) $ 755.30 November 25, 2033 I-LTXX Variable(2) $549,987,415.43 November 25, 2033 I-LTP Variable(2) $ 100.00 November 25, 2033 {/TABLE} _______________ (1) Solely for purposes of Section 1.860G-1(a)(4)(iii) of the Treasury regulations, the Distribution Date immediately following the maturity date for the Mortgage Loan with the latest maturity date has been designated as the "latest possible maturity date" for each REMIC I Regular Interest. (2) Calculated in accordance with the definition of "REMIC I Remittance Rate" herein. 163392	New Century New Century Mortgage Securities Inc. ( Financial ) As referenced in this Pooling and Servicing Agreement: NEW CENTURY MORTGAGE SECURITIES, – {DOCUMENT} {TYPE}EX-4.1 {SEQUENCE}3 {FILENAME}d179923.txt {DESCRIPTION}POOLING AND SERVICING AGREEMENT {TEXT} NEW CENTURY MORTGAGE SECURITIES, INC. Depositor NEW CENTURY MORTGAGE CORPORATION Master Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY Trustee POOLING AND SERVICING AGREEMENT Dated as of _____________ NEW CENTURY MORTGAGE SECURITIES, – Schedule Schedule 2 Prepayment Charge Schedule -v- {PAGE} This Pooling and Servicing Agreement, is dated and effective as of October 1, 2003, among NEW CENTURY MORTGAGE SECURITIES, INC. as Depositor, NEW CENTURY MORTGAGE CORPORATION, as Master Servicer and DEUTSCHE BANK NATIONAL TRUST COMPANY as Trustee. PRELIMINARY STATEMENT: The Depositor _____________ New Century Mortgage Securities, – entitled "New Century Mortgage Corporation, as Master Servicer for Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of New Century Mortgage Securities, Inc., New Century Home Equity Loan Trust, Series 2003-5, Asset Backed Pass-Through Certificates." The Collection Account must be an Eligible _____________ New Century Mortgage Securities, – Section 3.16(c) shall not be included in either the numerator or the denominator for purposes of calculating the Delinquency Percentage. "Depositor": New Century Mortgage Securities, Inc., a Delaware corporation, or its successor in interest. "Depository": The Depository Trust Company, or any successor Depository hereafter named. The nominee _____________ New Century Mortgage Securities, – to Section 3.10(b), which shall be entitled "Deutsche Bank National Trust Company, as Trustee, in trust for the registered holders of New Century Mortgage Securities, Inc., New Century Home Equity Loan Trust, Series 2003-5, Asset Backed Pass-Through Certificates." The Distribution Account must be an Eligible _____________ dt 90422 ; Bear, Stearns Bear, Stearns & Co. Inc. As referenced in this Pooling and Servicing Agreement: Bear, Stearns & Co. – of the definition of Group II Principal Distribution Amount. "Indemnification Agreement": The Indemnification Agreement, dated October 17, 2003, between the Certificate Insurer and Bear, Stearns & Co. Inc. "Indenture": An indenture relating to the issuance of notes backed by all or a portion of the Class CE Certificates, the _____________ Bear, Stearns & Co. – s Exemption": An individual exemption issued by the United States Department of Labor, as Prohibited Transaction Exemption ("PTE"), 90-30, as amended, to Bear, Stearns & Co. Inc., for specific offerings in which Bear, Stearns & Co. Inc. or any person directly or indirectly, through one or more intermediaries, controlling, _____________ Bear, Stearns & Co. – States Department of Labor, as Prohibited Transaction Exemption ("PTE"), 90-30, as amended, to Bear, Stearns & Co. Inc., for specific offerings in which Bear, Stearns & Co. Inc. or any person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Bear, Stearns & _____________ Bear, Stearns & Co. – Bear, Stearns & Co. Inc. or any person directly or indirectly, through one or more intermediaries, controlling, controlled by or under common control with Bear, Stearns & Co. Inc. is an underwriter, placement agent or a manager or co-manager of the underwriting syndicate or selling group where the trust _____________ Bear, Stearns & Co. – If within one year after the final notice any such Certificates shall not have been surrendered for cancellation, the Trustee shall pay to Bear, Stearns & Co. Inc., in accordance with its wiring instructions, all such amounts, -98- {PAGE} and all rights of non-tendering Certificateholders in or to _____________ dt 106742 ; Citibank Citibank, NA As referenced in this Pooling and Servicing Agreement: Citibank, N.A. – Corporation, a Wisconsin-domiciled stock insurance corporation or its successors in interest. "Certificate Insurer Account": An account of the Certificate Insurer maintained at Citibank, N.A. (ABA No. 021-000089), Account No. 40609486, Attention: Pamela Dottin, (212) 208-3308, or such other account as may be designated by _____________ Citibank, N.A. – mean for any Distribution Date, the lesser of (i) the greater of (a) the rate of interest, as it is publicly announced by Citibank, N.A. at its principal office in New York, New York as its prime rate (any change in such prime rate of interest to _____________ Citibank, N.A. – as its prime rate (any change in such prime rate of interest to be effective on the date such change is announced by Citibank, N.A. ) plus 2% and (b) the then applicable highest rate of interest on the Insured Certificates and (ii) the maximum rate permissible under _____________ dt 146033 ;	McGraw-Hill Companies McGraw-Hill Companies Inc. ( Printing & Publishing ) As referenced in this Pooling and Servicing Agreement: McGraw-Hill Companies, Inc – of such officer's knowledge of and familiarity with the particular subject. "S&P": Standard & Poor's Ratings Services, a division of the McGraw-Hill Companies, Inc ., or its successor in interest. "Seller": NC Capital Corporation, or its successor in interest, in its capacity as seller under the Mortgage _____________ McGraw-Hill Companies, Inc – Moody's Investors Service, 99 Church Street, New York, New York 10007 and to Standard & Poor's Ratings Services, a division of the McGraw-Hill Companies, Inc ., 55 Water Street, New York, New York 10007 or such other addresses as the Rating Agencies may designate in writing to the _____________ dt 310973 ; Fannie Mae Federal National Mortgage Association ( Associations ) As referenced in this Pooling and Servicing Agreement: Federal National Mortgage Association – Seller is unable to pay such costs). "Fannie Mae": Fannie Mae, formally known as the Federal National Mortgage Association , or any successor thereto. "FDIC": Federal Deposit Insurance Corporation or any successor thereto. "Final _____________ dt 80477 ; More...
Preview Full Doc	2006	Pooling and Servicing Agreement Pooling and Servicing Agreement (656K) Doc #1092783: Click preview link for longer preview. <DESCRIPTION>POOLING AND SERVICING AGREEMENT <TEXT> ================================================================================ NEW CENTURY MORTGAGE SECURITIES, INC. Depositor [_______________________________] Servicer and [_______________________________] Trustee POOLING AND SERVICING AGREEMENT Dated as of [___________] ------------------------ . . . 1092783	New Century New Century Mortgage Securities Inc. ( Financial ) As referenced in this Pooling and Servicing Agreement: NEW CENTURY MORTGAGE SECURITIES, INC – EX-4.1 4 d417649.txt POOLING AND SERVICING AGREEMENT ================================================================================ NEW CENTURY MORTGAGE SECURITIES, INC . Depositor [_______________________________] Servicer and [_______________________________] Trustee POOLING AND SERVICING AGREEMENT Dated as of [___________] ---------------------------------------- New Century Home Equity Loan Trust, Series 200_-_ Asset Backed Pass-Through Certificates ================================================================================ _____________ NEW CENTURY MORTGAGE SECURITIES, INC – N \Form of Swap Administration Agreement Schedule 1 Mortgage Loan Schedule Schedule 2 Prepayment Charge Schedule This Pooling and Servicing Agreement, is dated and effective as of [______________], among NEW CENTURY MORTGAGE SECURITIES, INC . as Depositor, [________________], as Servicer and [_______________] as Trustee. PRELIMINARY STATEMENT: The Depositor intends to sell pass-through certificates to be issued hereunder in multiple classes, which in the _____________ New Century Mortgage Securities, Inc – Servicer pursuant to Section 3.10(a), which shall be entitled "[_______________] as sub-servicer for [_______________], as Servicer for [_______________], as Trustee, in trust for the registered holders of New Century Mortgage Securities, Inc ., New Century Home Equity Loan Trust, Series 200_-__, Asset Backed Pass-Through Certificates." The Collection Account must be an Eligible Account. "Commission": The Securities and Exchange Commission. "Corporate _____________ New Century Mortgage Securities, Inc – Properties and (iv) Mortgage Loans discharged due to bankruptcy by (b) the aggregate Stated Principal Balance of the Mortgage Loans as of the last day of such calendar month. "Depositor": New Century Mortgage Securities, Inc ., a Delaware corporation, or its successor in interest. "Depository": The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository, for purposes of registering _____________ NEW CENTURY MORTGAGE SECURITIES INC – and the Trustee have caused their names to be signed hereto by their respective officers thereunto duly authorized, in each case as of the day and year first above written. NEW CENTURY MORTGAGE SECURITIES INC ., as Depositor By: ________________________________________________ Name: Title: [_____________________________], as Servicer By: ________________________________________________ Name: Title: [_____________________________], as Trustee By:_________________________________________________ Name: Title: By:_________________________________________________ Name: Title: STATE OF ) ) ss.: COUNTY _____________ dt 1328083 ; McGraw-Hill Companies McGraw-Hill Companies Inc. ( Printing & Publishing ) As referenced in this Pooling and Servicing Agreement: McGraw-Hill Companies, Inc – months divided by 3 (or 1 or 2, in the case of the first or second Distribution Dates, respectively). "S&P": Standard & Poor's Ratings Services, a division of the McGraw-Hill Companies, Inc ., or its successor in interest. "Seller": [________________], or its successor in interest, in its capacity as seller under the Mortgage Loan Purchase Agreement. "Senior Interest Distribution Amount": With respect _____________ McGraw-Hill Companies, Inc – prepaid, or by express delivery service to Moody's Investors Service, 99 Church Street, New York, New York 10007 and to Standard & Poor's Ratings Services, a division of the McGraw-Hill Companies, Inc ., 55 Water Street, New York, New York 10007 or such other addresses as the Rating Agencies may designate in writing to the parties hereto. SECTION 11.08. Article and _____________ dt 1517195 ; Fannie Mae Federal National Mortgage Association ( Associations ) As referenced in this Pooling and Servicing Agreement: Fannie Mae – any Mortgage Notes delivered in blank under Section 2.01 or recording the Assignments pursuant to Section 2.01 (to the extent the Seller is unable to pay such costs). "Fannie Mae ": Fannie Mae, formally known as the Federal National Mortgage Association, or any successor thereto. "FDIC": Federal Deposit Insurance Corporation or any successor thereto. "Final Recovery Determination": With respect to _____________ Fannie Mae – Notes delivered in blank under Section 2.01 or recording the Assignments pursuant to Section 2.01 (to the extent the Seller is unable to pay such costs). "Fannie Mae": Fannie Mae , formally known as the Federal National Mortgage Association, or any successor thereto. "FDIC": Federal Deposit Insurance Corporation or any successor thereto. "Final Recovery Determination": With respect to any defaulted _____________ Federal National Mortgage Association – 2.01 or recording the Assignments pursuant to Section 2.01 (to the extent the Seller is unable to pay such costs). "Fannie Mae": Fannie Mae, formally known as the Federal National Mortgage Association , or any successor thereto. "FDIC": Federal Deposit Insurance Corporation or any successor thereto. "Final Recovery Determination": With respect to any defaulted Mortgage Loan or any REO Property (other than _____________ Fannie Mae – i) an attached, detached or semi-detached one-family dwelling, (ii) an attached, detached or semi-detached two-to four-family dwelling, (iii) a one-family dwelling unit in a Fannie Mae eligible condominium project, or (iv) an attached, detached or semi-detached one-family dwelling in a planned unit development, none of which is a co-operative or mobile home ( _____________ Fannie Mae – determined by an appraisal made for the Originator of the Mortgage Loan at the time of origination of the Mortgage Loan by an appraiser who met the minimum requirements of Fannie Mae and Freddie Mac and (b) the value thereof as determined by a review appraisal conducted by the related Originator in accordance with such Originator's underwriting guidelines, and (ii) _____________ dt 1438567 ;	ISDA International Swaps & Derivatives Association, Inc. ( Associations ) As referenced in this Pooling and Servicing Agreement: ISDA – any Mezzanine Certificates and any Class CE-1 Certificates, the aggregate Accrued Certificate Interest on the Certificates of such Class for such Distribution Date. "Interest Rate Swap Agreement": The 1992 ISDA Master Agreement (Multicurrency-Cross Border) dated as of [_______________] (together with the schedule thereto, the "Master Agreement") between [_______________] and the Supplemental Interest Trust Trustee, and a confirmation of _____________ dt 1603702 ; Cede Cede & Co. ( Financial ) As referenced in this Pooling and Servicing Agreement: Cede & Co. – The Depository Trust Company, or any successor Depository hereafter named. The nominee of the initial Depository, for purposes of registering those Certificates that are to be Book-Entry Certificates, is Cede & Co. The Depository shall at all times be a "clearing corporation" as defined in Section 8-102(3) of the Uniform Commercial Code of the State of New York and _____________ dt 1629557 ; More...