SHALL PROVIDE TO THE SUCCESSOR SERVICER, COPIES OF ALL ASSUMPTION STATEMENTS
GENERATED BY THE TRS SERVICER ON THE MORTGAGE LOANS FROM THE RELATED CUT-OFF
DATE TO THE RELATED SERVICING TRANSFER DATE.
(VI)
MORTGAGE PAYMENTS RECEIVED PRIOR TO RELATED
SERVICING TRANSFER DATE.
PRIOR TO THE RELATED SERVICING TRANSFER DATE ALL
PAYMENTS THERETOFORE RECEIVED BY THE TRS SERVICER ON EACH MORTGAGE LOAN SHALL BE
PROPERLY APPLIED BY THE TRS SERVICER TO THE ACCOUNT OF THE PARTICULAR MORTGAGOR.
(VII)
MORTGAGE PAYMENTS RECEIVED AFTER RELATED
SERVICING TRANSFER DATE.
THE AMOUNT OF ANY MONTHLY PAYMENTS RECEIVED BY THE TRS
SERVICER AFTER THE RELATED SERVICING TRANSFER DATE AS WELL AS ANY SUCH PAYMENTS
THERETOFORE RECEIVED BUT NOT CREDITED AS OF SUCH DATE SHALL BE FORWARDED WITHIN
FIVE BUSINESS DAYS OF RECEIPT TO THE SUCCESSOR SERVICER.
THE TRS SERVICER SHALL
NOTIFY THE SUCCESSOR SERVICER OF THE PARTICULARS OF THE PAYMENT, WHICH
NOTIFICATION REQUIREMENT SHALL BE SATISFIED IF THE TRS SERVICER FORWARDS WITH
ITS PAYMENT SUFFICIENT INFORMATION TO PERMIT APPROPRIATE PROCESSING OF THE
PAYMENT BY THE SUCCESSOR SERVICER.
IN ADDITION, THE TRS SERVICER SHALL ENDORSE
TO THE SUCCESSOR SERVICER THE MONTHLY PAYMENTS RECEIVED BY THE TRS SERVICER
AFTER THE SERVICING TRANSFER DATE.
(VIII)
MISAPPLIED PAYMENTS.
MISAPPLIED PAYMENTS SHALL BE
PROCESSED AS FOLLOWS:
(1)
ALL PARTIES SHALL COOPERATE IN CORRECTING
MISAPPLICATION ERRORS;
(2)
THE PARTY RECEIVING NOTICE OF A MISAPPLIED
PAYMENT OCCURRING PRIOR TO THE RELATED SERVICING TRANSFER DATE AND DISCOVERED
AFTER THE RELATED SERVICING TRANSFER DATE SHALL IMMEDIATELY NOTIFY THE OTHER
PARTIES;
(3)
IF A PROVEN MISAPPLIED PAYMENT WHICH
OCCURRED PRIOR TO THE RELATED SERVICING TRANSFER DATE CANNOT BE IDENTIFIED AND
SAID MISAPPLIED PAYMENT HAS RESULTED IN A SHORTAGE IN THE BLOCKED ACCOUNT OR
ESCROW ACCOUNT, THE TRS SERVICER SHALL BE LIABLE FOR THE AMOUNT OF SUCH
SHORTAGE.
THE TRS SERVICER SHALL REIMBURSE THE SUCCESSOR SERVICER FOR THE
AMOUNT OF SUCH SHORTAGE WITHIN THIRTY (30) DAYS AFTER RECEIPT OF WRITTEN DEMAND
THEREFOR FROM THE SUCCESSOR SERVICER;
(IX)
RECONCILIATION.
THE TRS SERVICER SHALL, ON
OR BEFORE THE RELATED SERVICING TRANSFER DATE, RECONCILE PRINCIPAL BALANCES AND
MAKE ANY MONETARY ADJUSTMENTS NECESSARY TO COMPLETE THE RECONCILIATION.
ANY
SUCH MONETARY ADJUSTMENTS WILL BE TRANSFERRED BETWEEN THE TRS SERVICER AND THE
SUCCESSOR SERVICER AS APPROPRIATE.
(X)
IRS FORMS.
THE TRS SERVICER SHALL PREPARE
AND FILE ALL IRS FORMS 1098, 1099 AND OTHER APPLICABLE FORMS AND REPORTS WHICH
ARE REQUIRED TO BE FILED WITH RESPECT TO THE PERIOD PRIOR TO THE RELATED
SERVICING TRANSFER DATE IN RELATION TO THE SERVICING AND OWNERSHIP OF THE
MORTGAGE LOANS.
THE TRS SERVICER SHALL PROVIDE COPIES OF SUCH FORMS TO UBS UPON
REQUEST AND SHALL REIMBURSE UBS FOR ANY COSTS OR PENALTIES INCURRED BY UBS DUE
TO THE TRS SERVICER'S FAILURE TO COMPLY WITH THIS PARAGRAPH.
THE TRS SERVICER
SHALL NOT BE RESPONSIBLE FOR THE PREPARATION OR FILING OF ANY SUCH REPORTS WITH
RESPECT TO ANY PERIOD COMMENCING ON OR AFTER THE RELATED SERVICING TRANSFER
DATE.
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(XI)
MERS DESIGNATED MORTGAGE LOANS.
WITH
RESPECT TO ANY MERS DESIGNATED MORTGAGE LOANS, THE MASTER SERVICER OR SERVICER
WILL MODIFY