You are on page 1of 16

ADMINISTRATIVEAGENTAGREEMENT

Between

WASHINGTONMUTUALBANK
(Servicer)

and

WASHINGTONMUTUALMORTGAGESECURITIESCORP.

(AdministrativeAgent)

DatedasofFebruary1,2005

ResidentialFirstLienMortgageLoans

DOCSSF1:813872.6


ADMINISTRATIVEAGENTAGREEMENT

(WashingtonMutualBankWashingtonMutualMortgageSecuritiesCorp.)

ThisAdministrativeAgentAgreement(theAdministrativeAgentAgreement),ismade
betweenWashingtonMutualBank,formerlyknownasWashingtonMutualBank,FA,inits
capacityasservicer(theServicer),andWashingtonMutualMortgageSecuritiesCorp.,andits
successorsandassigns,initscapacityasAdministrativeAgent(theAdministrativeAgent),
st
effectiveasofthe1 dayofFebruary,2005.

PRELIMINARYSTATEMENT

WHEREAS,theServicerservicescertainMortgageLoanspursuanttooneormore
PoolingAgreements;
WHEREAS,theServicerdesirestoretaintheAdministrativeAgenttoperformcertain
serviceswithrespecttotheMortgageLoans,andtheAdministrativeAgentdesirestobeso
retained;
NOWTHEREFORE,inconsiderationofthemutualcovenantshereincontainedand
othergoodandvaluableconsideration,thereceiptandsufficiencyofwhicharehereby
acknowledged,theServicerandtheAdministrativeAgentagreeasfollows:

ARTICLEI
DEFINITIONS

Wheneverusedherein,thefollowingwordsandphrases,unlessthecontext
otherwiserequires,shallhavethefollowingmeanings:
1.1 AdministrativeAgentFee:ThefeepayablebytheServicertotheAdministrative
AgentinconsiderationoftheAdministrativeAgentperformingtheServiceswithrespecttothe
MortgageLoans.
1.2 Agreement:ThisAdministrativeAgentAgreementandallamendmentshereof
andsupplementshereto.
1.3 Certificate Account:Thecertificateaccount(orotherequivalentaccount)
establishedandmaintainedwiththeapplicableTrusteepursuanttoeachapplicablePooling
Agreement.
1.4 CustodialAccountforP&I:Thecustodialaccountforprincipalandinterest
establishedandmaintainedbytheServicerpursuanttoeachapplicablePoolingAgreement.
1.5 Investment Account:Theinvestmentaccount(orinvestmentaccounts)
establishedandmaintainedbytheServicerpursuanttothePoolingAgreements.
1.6 Loss Certification:AcertificationprovidedbytheServicertotheAdministrative
AgentdetailingliquidationproceedsintheformattachedasExhibitC.
DOCSSF1:813872.6


1.7 Mortgage

Loan:AmortgageloanlistedontheMortgageLoanSchedule.

1.8 MortgageLoanSchedule:Aschedule,deliveredbytheServicertothe
AdministrativeAgentfromtimetotime,ofmortgageloansservicedbytheServicerpursuanttoa
PoolingAgreementandwithrespecttowhichmortgageloanstheAdministrativeAgentisto
performitsservicespursuanttothisAgreement.
1.9 Pooling Agreement:WithrespecttoanyMortgageLoan,theapplicablepooling
andservicingagreementorotherlikedocument,pursuanttowhichtheServicerservicessuch
MortgageLoan.
1.10 Securities:WithrespecttoanyPoolingAgreement,thecertificatesorother
securitiesissuedundersuchPoolingAgreement.
1.11 Services:ThefunctionsdescribedunderAdministrativeAgentRequirementsin
ExhibitAattachedhereto.
WithrespecttoeachMortgageLoan,anycapitalizedtermusedhereinbutnotdefined
hereinshallhavethemeaningascribedtheretointherelatedPoolingAgreement.

ARTICLEII
SERVICESTOBEPERFORMEDBYADMINISTRATIVEAGENT

2.1
CoveredServices. TheAdministrativeAgentagreestoperformthe
ServiceswithrespecttotheMortgageLoans.TheAdministrativeAgentagreestoperformthe
ServiceswithrespecttoeachMortgageLoaninaccordancewithallofthetermsandconditions
oftheapplicablePoolingAgreement.Subjectonlytoapplicablelaw,andthetermsofthis
Agreement,theapplicablePoolingAgreement,andtherespectiveMortgageLoans,the
AdministrativeAgentshallhavefullpowerandauthority,actingalone,todoorcausetobedone
anyandallthingsinconnectionwiththeServiceswhichitmaydeemnecessaryordesirable.
TheAdministrativeAgentshallhavenoobligationtoperformanyservicesotherthanthe
Services.TheServiceragreestoperformthefunctionsdescribedunderServicerRequirements
inExhibitAattachedhereto.
2.2
AdministrativeAgent'sCompensation .TheAdministrativeAgentshallbe
entitledtotheAdministrativeAgentFee,payablebytheServicerorretainedbythe
AdministrativeAgent,asapplicable,intheamountandinthemannersetforthinExhibitB
attachedhereto.
2.3
AnnualCertificateastoCompliance .OnorbeforeMarch15,2006,andonor
beforeMarch15ofeachyearthereafter,theAdministrativeAgentshallprovidetotheServicera
certificateofanofficeroftheAdministrativeAgentrelatingtotheAdministrativeAgent's
performanceofitsdutieshereunder,whichofficer'scertificateshallbeinformandsubstance
withrespecttotheServicessubstantiallythesameasrequiredoftheServicerunderthe
applicablePoolingAgreement.

DOCSSF1:813872.6


2.4
AnnualIndependentPublicAccountants'ServicingReport.TheAdministrative
Agentshallengageafirmofindependentpublicaccountants(whichmayalsorenderother
servicestotheAdministrativeAgentandisamemberoftheAmericanInstituteofCertified
PublicAccountants)toprepare,andshalldelivertotheServiceronorbeforeMarch15,2006,
andonorbeforeMarch15ofeachyearthereafter,areportcoveringtheAdministrativeAgent's
activitieshereunder,whichreportshallbeinformandsubstancewithrespecttotheServices
substantiallythesameasrequiredoftheServicerundertheapplicablePoolingAgreement.

ARTICLEIII
REPRESENTATIONSANDWARRANTIES

3.1Representations
and WarrantiesoftheServicer.TheServicerrepresentsand
warrantsthefollowingasofthedateofthisAgreement:

(a)
QualificationtodoBusiness.TheServicerisqualifiedtodo
businessinalljurisdictionsinwhichapropertysecuringaMortgageLoanislocatedand
wheresuchqualificationisrequired.

(b)
AuthorityandCapacity.TheServicerhasallrequisitecorporate
power,authorityandcapacitytoenterintothisAgreementandtoperformtheobligations
requiredofithereunder.ThisAgreement(assumingthedueauthorizationandexecution
ofthisAgreementbytheAdministrativeAgent)constitutesavalidandlegallybinding
agreementoftheServicerenforceableinaccordancewithitsterms,exceptassuch
enforceabilitymaybelimitedbybankruptcy,insolvency,moratorium,reorganizationand
similarlaws,andbyequitableprinciples.Noconsent,approval,authorizationororderof
orregistrationorfilingwith,ornoticeto,anygovernmentalauthorityorcourtisrequired
understateorfederallawpriortotheexecution,deliveryandperformanceofor
compliancebytheServicerwiththisAgreementortheconsummationbytheServicerof
anyothertransactioncontemplatedhereby.
(c)
NoConflict.NeithertheexecutionanddeliveryofthisAgreement
northeconsummationofthetransactionscontemplatedbythisAgreementnor
compliancewithitstermsandconditions,shallconflictwithorresultinthebreachof,or
constituteadefaultunderanyoftheterms,conditionsorprovisionsofanyPooling
AgreementoritscharterorbylawsoranysimilarcorporatedocumentsoftheServiceror
anymortgage,indenture,deedoftrust,loanorcreditagreementorotheragreementor
instrumenttowhichtheServicerisnowapartyorbywhichitisbound.

(d)
CompliancewithLaws.Thereisnoaction,suit,proceedingor
investigationpending,ortotheServicersknowledgethreatened,againsttheServicer
beforeanycourt,administrativeagencyorothertribunal(i)assertingtheinvalidityofthis
Agreement,(ii)seekingtopreventtheconsummationofanyofthetransactions
contemplatedherebyor(iii)whichmightmateriallyandadverselyaffecttheperformance
bytheServicerofitsobligationsunder,orthevalidityorenforceabilityof,this
Agreement.

DOCSSF1:813872.6


(e)
Performance.TheServicerdoesnotbelieve,nordoesithaveany
reasonorcausetobelieve,thatitcannotperformeachandeverycovenantcontainedin
thisAgreement.
3.2
RepresentationsandWarrantiesoftheAdministrativeAgent .TheAdministrative
AgentrepresentsandwarrantsthefollowingasofthedateofthisAgreement:

(a)
QualificationtodoBusiness
.TheAdministrativeAgentis
qualifiedtodobusinessinalljurisdictionsinwhichapropertysecuringaMortgageLoan
islocatedandwheresuchqualificationisrequired.

(b)
AuthorityandCapacity.TheAdministrativeAgenthasallrequisite
corporatepower,authorityandcapacitytoenterintothisAgreementandtoperformthe
obligationsrequiredofithereunder.ThisAgreement(assumingthedueauthorizationand
executionofthisAgreementbytheServicer)constitutesavalidandlegallybinding
agreementoftheAdministrativeAgentenforceableinaccordancewithitsterms,except
assuchenforceabilitymaybelimitedbybankruptcy,insolvency,moratorium,
reorganizationandsimilarlaws,andbyequitableprinciples.Noconsent,approval,
authorizationororderoforregistrationorfilingwith,ornoticeto,anygovernmental
authorityorcourtisrequiredunderstateorfederallawpriortotheexecution,delivery
andperformanceoforcompliancebytheAdministrativeAgentwiththisAgreementor
theconsummationbytheAdministrativeAgentofanyothertransactioncontemplated
hereby.
(c)
NoConflict.NeithertheexecutionanddeliveryofthisAgreement
northeconsummationofthetransactionscontemplatedbythisAgreementnor
compliancewithitstermsandconditions,shallconflictwithorresultinthebreachof,or
constituteadefaultunderanyoftheterms,conditionsorprovisionsofitscharterorby
lawsoranysimilarcorporatedocumentsoftheAdministrativeAgentoranymortgage,
indenture,deedoftrust,loanorcreditagreementorotheragreementorinstrumentto
whichtheAdministrativeAgentisnowapartyorbywhichitisbound.

(d)
CompliancewithLaws.Thereisnoaction,suit,proceedingor
investigationpending,ortotheAdministrativeAgentsknowledgethreatened,againstthe
AdministrativeAgentbeforeanycourt,administrativeagencyorothertribunal(i)
assertingtheinvalidityofthisAgreement,(ii)seekingtopreventtheconsummationof
anyofthetransactionscontemplatedherebyor(iii)whichmightmateriallyandadversely
affecttheperformancebytheAdministrativeAgentofitsobligationsunder,orthe
validityorenforceabilityof,thisAgreement.
(e)
Performance.TheAdministrativeAgentdoesnotbelieve,nordoes
ithaveanyreasonorcausetobelieve,thatitcannotperformeachandeverycovenant
containedinthisAgreement.

DOCSSF1:813872.6

ARTICLEIV
TERMANDTERMINATION


4.1
Term.ExceptasprovidedinSection4.2ofthisAgreement,thedutiesand
obligationsoftheAdministrativeAgentunderthisAgreementshallcommenceasofthedateof
executionanddeliveryhereofandshallcontinueinfullforceandeffectuntilthisAgreementis
terminatedbyagreementofthepartiesheretoorsuchearlierdatepursuanttoSection4.2.
4.2
Termination.TheServicermayterminateorreplacetheAdministrative
Agentatanytimeupon60dayspriorwrittennotice;provided,however,thattheServicershall
havetherighttoterminatethisAgreementimmediatelyupondeliveryofwrittennoticeifanyact
oromissionbytheAdministrativeAgentresultsintheoccurrenceof,orotherwiseconstitutes,an
"EventofDefault"underanyPoolingAgreement.TheAdministrativeAgentmayterminatethis
agreementupon120dayspriorwrittennoticetotheServicer.
ARTICLEV
MISCELLANEOUS

5.1Notices.Allnotices,requests,demands,directionsandothercommunications
(collectively"notices")undertheprovisionsofthisAgreementshallbeinwriting(including
telexedorfacsimilecommunication)andshallbesentbyfirstclassmail,firstclassexpressmail,
orbytelexorfacsimilewithconfirmationinwritingmailedfirstclassmail,inallcaseswith
chargesprepaid.Anysuchproperlygivennoticeshallbeeffectivewhenreceived.Allnotices
shallbesenttotheapplicablepartyatthefollowingofficeorinaccordancewiththelast
unrevokedwrittendirectionfromsuchpartytotheotherpartieshereto:(a)inthecaseofthe
Servicer,19850PlummerStreet,Chatsworth,California91311,FaxNo:(818)7752819,
Attention:VicePresidentInvestorReporting,withacopyto:WashingtonMutualLegal
Department,1201ThirdAvenue,WMT1706,Seattle,WA98101,FaxNo:(206)3776244,
Attention:WaMu;and(b)inthecaseoftheAdministrativeAgent,75NorthFairwayDrive,
VernonHills,Illinois60061,Attention:MasterServicingDepartment,withacopyto
WashingtonMutualLegalDepartment,1201ThirdAvenue,WMT1706,Seattle,Washington
98101,Attention:WMMSC.
5.2Successors
and Assigns.ThisAgreementshallbebindingonthepartieshereto
andtheirrespectivesuccessorsandassigns;provided,however,thattheAdministrativeAgent
maynotassignanyofitsrightsordelegateanyofitsdutieshereunderwithoutthepriorwritten
consentoftheServicer.
5.3 Severability.TheprovisionsofthisAgreementareintendedtobeseverable.If
anyprovisionofthisAgreementshallbeheldinvalidorunenforceableinwholeorinpartinany
jurisdiction,suchprovisionshall,astosuchjurisdiction,beineffectivetotheextentofsuch
invalidityorunenforceabilitywithoutinanymanneraffectingthevalidityorenforceabilityof
suchprovisioninanyotherjurisdictionortheremainingprovisionshereofinanyjurisdiction.
5.4
IncorporationofExhibits.AllExhibitsattachedheretoshallbeincorporated
hereinandshallbeunderstoodtobeaparthereofasthoughincludedinthebodyofthis
Agreement.
5.5
Headings,Descriptive,etc.Theheadingsoftheseveralsectionsandsubsections
ofthisAgreementareinsertedforconvenienceonlyandshallnotinanywayaffectthemeaning

DOCSSF1:813872.6


orconstructionofanyprovisionofthisAgreement.AllreferencestoSectionsaretoSectionsof
thisAgreementunlessotherwisespecified.Thewords"hereof,""herein,""hereto,"and
"hereunder"andwordsofsimilarimportwhenusedinthisAgreementshallrefertothis
AgreementasawholeandnottoanyparticularprovisionofthisAgreement.
5.6Counterparts.ThisAgreementmaybeexecutedinanynumberofcounterparts
andbythedifferentpartiesheretoonseparatecounterpartseachofwhich,whensoexecuted,
shallbedeemedanoriginal,butallsuchcounterpartsshallconstitutebutoneandthesame
instrument.
5.7Governing
Law.ThisAgreementshallbegovernedbyandconstruedin
accordancewiththelawsoftheStateofNewYork(includingSection51401oftheNewYork
GeneralObligationsLaw)andtheobligations,rightsandremediesofthepartieshereundershall
bedeterminedinaccordancewithsuchlawswithoutgivingeffecttoconflictoflawsprinciples
otherthanSection51401oftheNewYorkGeneralObligationsLaw.
[signaturesfollow]

DOCSSF1:813872.6


EXHIBITA

AdministrativeAgentRequirements

a.
TheAdministrativeAgentwillprovideasinglepointofcontacttotheinvestor
communitytoassistwithdistribution,cashflow,andsecurityrelatedquestions.

b.
TheAdministrativeAgentwillprovideapointofcontactfortheratingagenciesseeking
informationonanySecurities.Inaddition,theAdministrativeAgentwillmonitorthe
threemajorratingagencieswebsitestoidentifychangesintheratingsofanySecurities.
TheAdministrativeAgentwillnotifyServicerofanychanges.

c.
TheAdministrativeAgentwillfilemonthlydistributionreportsonForm8KorForm10
D,asapplicable,withtheSecuritiesandExchangeCommission(SEC)viatheSECs
EDGARsystemwithrespecttotheMortgageLoansandtheSecurities.

d.
TheAdministrativeAgentwillpostmonthlydistributionreports,loanleveldataand
prospectusesonitswebsite,www.wamumsc.com,withrespecttotheMortgageLoans
andtheSecurities.

e.
TheAdministrativeAgentwilldeliveramonthlydistributionreporttotheapplicable
TrusteeandprovideallothermonthlyreportingtotheapplicableTrusteeandother
partiesinaccordancewiththerequirementsoftheeachPoolingAgreement,basedonthe
reportsprovidedtotheAdministrativeAgentbytheServicer.

f.
TheAdministrativeAgentwilltransferfunds(orinstructtheServicertotransferfunds)
fromtheInvestmentAccounttotheapplicableCertificateAccountinordertocause
accurateandtimelymonthlyremittancestobemadetotheTrusteeinaccordancewiththe
requirementsoftheapplicablePoolingAgreement,fromfundsdepositedbytheServicer
or(inthecaseofpaymentsreceivedbytheAdministrativeAgentfrominterimservicers)
theAdministrativeAgentintotheInvestmentAccount.

g.
TheAdministrativeAgentwillcalculatethecompensatinginterestpayablebythe
ServicertotheapplicableTrusteemonthlyinaccordancewiththerequirementsofeach
PoolingAgreement.

h.
TheAdministrativeAgentwillprepareanddelivertotheapplicableTrusteeany
necessaryrevisionstoapreviouslydeliveredmonthlydistributionreport.

i.
IftheServiceristheTaxMattersPersonunderaPoolingAgreement,theAdministrative
AgentwillperformtheREMICtaxadministrationandrelateddutiesoftheTaxMatters
Person,asagentfortheTaxMattersPerson;provided,however,thattheAdministrative
Agentwillnotbeobligatedtopayanyrelatedtaxesorpenaltiesfromitsownfunds.

DOCSSF1:813872.6


j.

k.

l.

m.

n.

o.

p.

q.

r.

s.

t.

TheAdministrativeAgentwillprovidetheServicerwithcopiesofthemonthly
distributionreportsandloanlevelreportswithrespecttotheMortgageLoansandthe
Securitiesby12PMCentralTimetwobusinessdayspriortotheDistributionDate.
TheAdministrativeAgentwillreconciletheInvestmentAccountmonthlyinaccordance
withcorporatestandardsandreporteachreconciliationtotheServicer.
Onamonthlybasis,theAdministrativeAgentwillidentifyeachMortgageLoansubject
toaspecialservicingagreement,notifytheServicerandthespecialservicerofpending
loantransfersandfacilitateeachloantransfer.
TheAdministrativeAgentwillcoordinatecollateralreleaserequestsbetweentheServicer
andtheapplicableTrusteeorcustodian.
TheAdministrativeAgentwilltrackandageanysellersfollowupMortgageLoan
documentsandnotifyeachsellerofitsobligationtodelivertrailingdocumentstothe
applicableTrusteeorcustodian.
TheAdministrativeAgentwillmonitorandreporttotheServicerontheperformanceof
eachapplicablecustodian.
TheAdministrativeAgentwillsupplytheServicerwithaturnaroundreportidentifying
anydiscrepanciesbetweenthemonthlyremittanceforecastedbytheAdministrative
AgentsservicingsystemandtheServicersmonthlyreportingdatatwobusinessdays
afterthefileforthemonthlyremittanceisreceivedfromtheServicer.
TheAdministrativeAgentwillperformconsolidatedreportingandpaymentprocessing
withrespecttoallMortgageLoansservicedbyinterimservicers.TheAdministrative
AgentwillcollectfrominterimservicerspaymentswithrespecttoMortgageLoans
servicedbyinterimservicersanddepositsuchpaymentsintotheInvestmentAccount.
ForeachmonthduringwhichtheservicingofaMortgageLoanistransferredfroman
interimservicertotheServicer,theAdministrativeAgentwillbilltheServicerforthe
portionoftheAdministrativeAgentFeedescribedinparagraphbofExhibitBthatis
calculatedwithrespecttosuchMortgageLoan(intheeventcollectionsonthatMortgage
LoanforthatmonthareremittedbytheinterimservicerdirectlytotheServicer).
TheAdministrativeAgentwilladjustsystembalancesontheAdministrativeAgents
servicingsystemannuallyforloanlevelvariancesof$0.25orless.
TheAdministrativeAgentwillprovidetheServiceranyreasonabledata,analysisor
reportingrequestedtheServicerwithintwobusinessdaysofrequest.

DOCSSF1:813872.6

A-2


ServicerRequirements

a.
TheServicerwillberesponsibleforanyoverdraftchargesthatmaybeincurredinthe
InvestmentAccount.

b.
TheServicerwillprovidetheAdministrativeAgentanyreasonabledata,analysis,or
reportingrequestedbytheAdministrativeAgentwithintwobusinessdaysofrequest.

c.
AnyshortfallinamountsrequiredtobedepositedintotheapplicableCertificateAccount
onaDistributionDatewillbetheresponsibilityoftheServicer.Uponnotificationbythe
AdministrativeAgentofanysuchshortfall,theServicerwilldeposittheamountofsuch
shortfallintotheInvestmentAccountbycloseofbankingbusinessday,twobusiness
dayspriortotheDistributionDate.

d.
TheServicerwillprovidetheapplicableTrusteeorcustodiananauthorization
acknowledgementtoallowtheAdministrativeAgenttorequestdocumentsandreportson
behalfoftheServicer.

e.
TheServicerwillprovidetotheAdministrativeAgentcompleteandaccurateloanreports
(AdjustedS50Y)withrespecttotheMortgageLoansonorbefore3PMCentralTimeon
the5thbusinessdayofthemonthviaemailexcelfile.

f.
TheServicerwillrespondtotheAdministrativeAgentsturnaroundreport(delivered
pursuanttoparagraphpunderAdministrativeAgentRequirementsinthisExhibitA)
th
withinstructionsforanycorrectionstobemadenolaterthanthe12 calendardayof
th
eachmonth,orifthe12 calendardayisnotabusinessday,theprecedingbusinessday.

g.
TransfersoffundsintotheInvestmentAccountbytheServicermustagreetoreported
amounts(AdjustedS50Y),includingchangesmadeinresponsetotheturnaroundreport.

h.
TheServicerwilltransferallfundsondepositineachCustodialAccountforP&I(other
thanfundsrepresentingMortgageLoanprepaymentsinfull)totheInvestmentAccount
th
th
by12PMCentralTimeonthe18 calendardayofeachmonth,orifthe18 calendar
dayisnotabusinessday,theprecedingbusinessday.

i.
TheServicerwilltransfertheamountofeachMortgageLoanprepaymentinfullfrom
theapplicableCustodialAccountforP&ItotheInvestmentAccountbythecloseofthe
secondbankingbusinessdayfollowingtheServicersreceiptthereof.

j.
TheServicerwillprovidepayoffreportingtotheAdministrativeAgentwithintwo
businessdaysofaMortgageLoanprepaymentinfull,providedthatifaprepaymentin
fulloccursonthe14th,15th,16thor17thcalendardayofamonth,theServicerwill
providepayoffreportingby12PMCentralTimeonthefollowingbusinessday.

k.
TheServicerwillnotifytheAdministrativeAgentofallMortgageLoansinaforeclosure
th
orREOstatusbythe5 businessdayofeachmonth.

DOCSSF1:813872.6

A-3

l.

th

Onorbefore3PMCentralTimeonthe5 businessdayofeachmonth,theServicerwill
providetheAdministrativeAgentwithaLossCertificationforeachMortgageLoanthat
wasliquidatedduringtheimmediatelyprecedingmonth.

DOCSSF1:813872.6

A-4


EXHIBITB

AdministrativeAgentsFee

a.

b.

TheAdministrativeAgentwillbeentitledtobepaidasafeeforitsServiceshereunder
anyearningsarisingfromtheinvestmentofMortgageLoanfundsintheInvestment
AccountandtheCertificateAccount.
WithrespecttoeachMortgageLoanservicedbyaninterimservicer,theAdministrative
AgentwillbeentitledtobepaidasanadditionalfeeforitsServiceshereunder(a)the
excessof(i)theServicersservicingfeewithrespecttosuchMortgageLoanpursuantto
theapplicablePoolingAgreementover(ii)theinterimservicersfeewithrespecttosuch
MortgageLoanpursuanttotheapplicableagreementbetweentheServicerandsuch
interimservicerand(b)theamountofallprepaymentpenaltiespaidwithrespecttosuch
MortgageLoan(providedthatsuchprepaymentpenaltiesarenotrequiredtobepaid
toanyclassofcertificatesundertheapplicablePoolingAgreement).TheAdministrative
AgentwillbeentitledtoretainsuchadditionalfeefromcollectionsonMortgageLoans
remittedbytheinterimservicertotheAdministrativeAgent.Intheeventcollectionsare
remittedbytheinterimservicerdirectlytotheServicer,theAdministrativeAgentwillbe
entitledtobepaidsuchadditionalfeebytheServicer.

DOCSSF1:813872.6


EXHIBITC

WASHINGTON MUTUAL LOSS CERTIFICATION


WaMu Loan Number
Investor Loan Number
Investor Number
Investor Name
Mortgagor Name
Property Address
City & State

LPI
Sale
Conveyance

Ending Schedule Principal Balance


Sale Proceeds
MI Proceeds
Outbid Proceeds
WaMu Losses/ICO's
Total Proceeds

Foreclosure/REO Expenses
Escrow Advances
Total Expenses

P & I Advances
Total Advances Less
Proceeds

Escrow Credit
Miscellaneous Credits
Net Remittance

Program Loss/(Gain)

Prepared by

I certify that the foregoing and all information

Asset Recovery

including any accompanying statements or

Phone Number

documents, is true, correct and complete to the

Date

best of my knowledge and belief.

LS Section Manager

DOCSSF1:813872.6

DOCSSF1:813872.6