BUSINESS DAYS AFTER RECEIPT OF
NOTICE FROM AN INVESTOR OF ANY DEFAULT UNDER, OR OF THE TERMINATION OF, ANY
PURCHASE COMMITMENT RELATING TO ANY PLEDGED MORTGAGE, ELIGIBLE MORTGAGE POOL OR
PLEDGED SECURITY.
(E)
PROMPTLY COMPLY IN ALL RESPECTS WITH THE TERMS AND CONDITIONS OF
ALL PURCHASE COMMITMENTS, AND ALL EXTENSIONS, RENEWALS AND MODIFICATIONS OR
SUBSTITUTIONS THEREOF OR THERETO.
THE COMPANY WILL CAUSE TO BE DELIVERED TO THE
INVESTOR THE PLEDGED MORTGAGES AND PLEDGED SECURITIES TO BE SOLD UNDER EACH
PURCHASE COMMITMENT NOT LATER THAN THE EXPIRATION THEREOF.
(F)
MAINTAIN, AT ITS PRINCIPAL OFFICE OR IN A REGIONAL OFFICE
APPROVED BY THE LENDER, OR IN THE OFFICE OF A COMPUTER SERVICE BUREAU ENGAGED BY
THE COMPANY AND APPROVED BY THE LENDER, AND, UPON REQUEST, SHALL MAKE AVAILABLE
TO THE LENDER THE ORIGINALS, OR COPIES IN ANY CASE WHERE THE ORIGINALS HAVE BEEN
DELIVERED TO THE LENDER OR TO AN INVESTOR, OF ITS MORTGAGE NOTES AND MORTGAGES
INCLUDED IN COLLATERAL, MORTGAGE-BACKED SECURITIES DELIVERED TO THE LENDER AS
PLEDGED SECURITIES, PURCHASE COMMITMENTS, AND ALL RELATED MORTGAGE LOAN
DOCUMENTS AND INSTRUMENTS, AND ALL FILES, SURVEYS, CERTIFICATES, CORRESPONDENCE,
APPRAISALS, COMPUTER PROGRAMS, TAPES, DISCS, CARDS, ACCOUNTING RECORDS AND OTHER
INFORMATION AND DATA RELATING TO THE COLLATERAL.
6.13
CURE OF DEFECTS IN LOAN DOCUMENTS.
PROMPTLY CURE AND CAUSE TO BE
PROMPTLY CURED ANY DEFECTS IN THE CREATION, ISSUANCE, EXECUTION AND DELIVERY OF
THIS AGREEMENT AND THE OTHER LOAN DOCUMENTS; AND UPON REQUEST OF THE LENDER AND
AT THE COMPANY'S EXPENSE, THE COMPANY WILL PROMPTLY EXECUTE AND DELIVER, AND
CAUSE TO BE EXECUTED AND DELIVERED, TO THE LENDER OR ITS DESIGNEE, ALL SUCH
ADDITIONAL DOCUMENTS, AGREEMENTS AND/OR INSTRUMENTS IN COMPLIANCE WITH OR IN
ACCOMPLISHMENT OF THE COVENANTS AND AGREEMENTS OF THIS AGREEMENT AND THE OTHER
LOAN DOCUMENTS, AND/OR TO CREATE, PERFECT, PRESERVE, EXTEND AND/OR MAINTAIN ANY
AND ALL LIENS CREATED PURSUANT HERETO OR PURSUANT TO ANY OTHER LOAN DOCUMENT AS
VALID AND PERFECTED LIENS (OF A PRIORITY AS SET FORTH IN THIS AGREEMENT) IN
FAVOR OF THE LENDER TO SECURE THE OBLIGATIONS, ALL AS REASONABLY REQUESTED FROM
TIME TO TIME BY THE LENDER.
7.
NEGATIVE COVENANTS.
The Company hereby covenants and agrees with the Lender that, so long as the
Commitment is outstanding or there remain any Obligations of the Company to be
paid or performed under this Agreement or any other Loan Document, the Company
shall not, either directly or indirectly, without the prior written consent of
the Lender:
36
7.1
CONTINGENT LIABILITIES.
ASSUME, INCUR, CREATE, GUARANTEE,
ENDORSE, OR OTHERWISE BECOME OR BE LIABLE FOR THE OBLIGATION OF ANY PERSON OTHER
THAN THE COMPANY EXCEPT BY ENDORSEMENT OF NEGOTIABLE INSTRUMENTS FOR DEPOSIT OR
COLLECTION IN THE ORDINARY COURSE OF BUSINESS AND EXCLUDING THE SALE OF MORTGAGE
LOANS WITH RECOURSE IN THE ORDINARY COURSE OF THE COMPANY'S BUSINESS.
7.2
PLEDGE OF SERVICING CONTRACTS/MORTGAGE LOANS.
EXCEPT FOR MORTGAGE
LOANS PLEDGED TO LENDERS DESCRIBED ON EXHIBIT "B HERETO, PLEDGE OR GRANT A
SECURITY INTEREST IN ANY EXISTING OR FUTURE MORTGAGE LOANS OR SERVICING RIGHTS
ACQUIRED BY THE COMPANY OTHER