Common use of Advance Payments Clause in Contracts

Advance Payments. Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's intention in making any unscheduled payment.

Appears in 76 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar10 Trust), Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa6 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-17 Trust)

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Advance Payments. Payments made by the Borrower to satisfy future installments must be accounted for as prepaid installments of principal and interest. The Servicer should contact the Borrower if there is a question about the Borrower's ’s intention in making any unscheduled payment.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)

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