Collection of Taxes, Assessments and Similar Items; Escrow Accounts. With respect to each Mortgage Loan, to the extent required by the related Mortgage Note, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.
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Samples: Pooling and Servicing Agreement (Bear Stearns Asset Backed Securities I Trust 2004-He11), Pooling and Servicing Agreement (Asset-Backed Certificates Series 2004-He1), Pooling and Servicing Agreement (Bear Stearns Asset Backed Certificates Series 2004-He2)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. With respect to each Mortgage Loan, to To the extent required by the Mortgage Note related to a Mortgage NoteLoan, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit deposit, promptly upon receipt, and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.
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Samples: Pooling and Servicing Agreement (Nomura Home Equity Loan, Inc.)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. With respect to each Mortgage Loan, to (a) To the extent required by the related Mortgage NoteNote and not violative of current law, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.
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Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)
Collection of Taxes, Assessments and Similar Items; Escrow Accounts. With respect to each Mortgage Loan, to To the extent required by the related Mortgage NoteNote and not violative of current law, the Master Servicer shall establish and maintain one or more accounts (each, an "Escrow Account") and deposit and retain therein all collections from the Mortgagors (or advances by the Master Servicer) for the payment of taxes, assessments, hazard insurance premiums or comparable items for the account of the Mortgagors. Nothing herein shall require the Master Servicer to compel a Mortgagor to establish an Escrow Account in violation of applicable law.
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