Except as expressly provided otherwise herein, any and all Mortgage Loan Collections received by [[Organization C:Organization]] with respect to any Participated Mortgage Loan (each, a “Payment”), including all proceeds from the sale of such Participated Mortgage Loan by [[Organization B:Organization]] and [[Organization C:Organization]] to a Take-Out Purchaser, shall be credited and applied in the following order of priority upon [[Organization C:Organization]]’s actual receipt of such sums, and [[Organization B:Organization]] hereby instructs [[Organization C:Organization]] to so apply such proceeds:

With respect to any Participated Mortgage Loan, any and all Mortgage Loan Collections received by [[Organization B:Organization]] from the exercise of any rights or remedies under the related Mortgage Loan Documents or in connection with the full repayment of the outstanding principal balance and all accrued and unpaid interest for such Participated Mortgage Loan shall # be immediately transferred or delivered by [[Organization B:Organization]] to [[Organization C:Organization]] (and, if required by [[Organization C:Organization]], into the Repayment Account) and # upon receipt by [[Organization C:Organization]], be applied pursuant to the provisions of this Agreement.

All of the proceeds from the sale by [[Organization B:Organization]] and [[Organization C:Organization]] of a Participated Mortgage Loan to a Take-Out Purchaser shall be paid directly to [[Organization C:Organization]] pursuant to Section 4.3 and shall be applied by [[Organization C:Organization]] on behalf of [[Organization C:Organization]] and [[Organization B:Organization]] in accordance with Section 4.4.