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NRP Mortgage Trust 2013-1 - Standard and Poor's 17g-7

NRP Mortgage Trust 2013-1 - Standard and Poor's 17g-7

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U.S. RMBS <strong>Mortgage</strong> Lien <strong>St<strong>and</strong>ard</strong> & <strong>Poor's</strong> Ratings Services <strong>17g</strong>-7 Disclosure Report: <strong>NRP</strong> <strong>Mortgage</strong> <strong>Trust</strong> <strong>2013</strong>-183 [Wells Fargo Bank, N.A.]The defaulting Master Servicer agrees to cooperatewith the <strong>Trust</strong>ee <strong>and</strong> the Securities Administrator ineffecting the termination of the defaulting MasterServicer’s responsibilities <strong>and</strong> rights hereunder asMaster Servicer including, without limitation,notifying Servicers of the assignment of the masterservicing function <strong>and</strong> providing the <strong>Trust</strong>ee or itsdesignee all documents <strong>and</strong> records in electronic orother form reasonably requested by it to enable the<strong>Trust</strong>ee or its designee to assume the defaultingMaster Servicer’s functions hereunder <strong>and</strong> thetransfer to the <strong>Trust</strong>ee for administration by it of allamounts which shall at the time be or should havebeen deposited by the defaulting Master Servicer inthe Distribution Account <strong>and</strong> any other account orfund maintained with respect to the Certificates orthereafter received with respect to the <strong>Mortgage</strong>Loans.[Wells Fargo Bank, N.A.]|The defaulting Master Servicer agrees to cooperate withthe <strong>Trust</strong>ee <strong>and</strong> the Securities Administrator in effectingthe termination of the defaulting Master Servicer’sresponsibilities <strong>and</strong> rights hereunder as Master Servicerincluding, without limitation, notifying the Servicer of theassignment of the master servicing function <strong>and</strong> providingthe <strong>Trust</strong>ee or its designee all documents <strong>and</strong> records inelectronic or other form reasonably requested by it toenable the <strong>Trust</strong>ee or its designee to assume thedefaulting Master Servicer’s functions hereunder <strong>and</strong> thetransfer to the <strong>Trust</strong>ee for administration by it of allamounts which shall at the time be or should have beendeposited by the defaulting Master Servicer in theDistribution Account <strong>and</strong> any other account or fundmaintained with respect to the Certificates or thereafterreceived with respect to the <strong>Mortgage</strong> LoansThe language in <strong>St<strong>and</strong>ard</strong> & Poor‟s Ratings Services‟ <strong>17g</strong>-7 Benchmark reflects representations, warranties <strong>and</strong>enforcement mechanisms available to investors that commonly appear in the transaction documents for a specific type ofsecurity. In order to make the benchmarks generic, we made the following modifications. Specific article or section numbershave been replaced by a number symbol (Example: „Section 5‟ now reads as „Section #‟). Proper nouns have been replacedwith the bracketed name of the role the entity plays in the transaction (Example: „ABC Corp‟ now reads as [Seller]). Numbersor amounts specific to a deal have been replaced with a number symbol (Example: „more than 30%‟ now reads as „morethan #%‟). Non-numerical characteristics have been replaced by a generic description (Example: „financing of agricultural<strong>and</strong> construction equipment‟ now reads as „financing of [type of] equipment‟).This <strong>St<strong>and</strong>ard</strong> & <strong>Poor's</strong> Ratings Services <strong>17g</strong>-7 Disclosure Report is not intended to be, <strong>and</strong> may not be relied upon as, legaladvice.Copyright © <strong>2013</strong> by <strong>St<strong>and</strong>ard</strong> & <strong>Poor's</strong> Ratings Services LLC. All rights reserved. No reprint or dissemination without S&P‟s permission.See Disclaimer on the last page. Page 30

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