Trustee lacks power to Act without Express Written Permission from Certificate Holders

From Ny

In re: (i) the Trustee shall be under no obligation to exercise any of the
trusts, rights or powers vested in it by this Agreement or to institute, conduct
or defend any litigation hereunder or in relation hereto at the request, order
or direction of any of the Certificateholders, pursuant to this Agreement,
unless such Certificateholders shall have offered to the Trustee reasonable
security or indemnity satisfactory to the Trustee against the costs, expenses
and liabilities which may be incurred therein or thereby

Every Deutsche Bank National Trusts Pooling and Servicing Agreements have this included.

Tags: countrywide, Eviction, foreclosure, foreclosure defense, foreclosure offense, fraud, Lender Liability, Mortgage, trustee
Posted in bubble, Corruption, Eviction, securities fraud |