Common use of Custodial Funds Clause in Contracts

Custodial Funds. All principal and interest collected on account of the Mortgages and/or the property securing the Mortgages and any other funds due to the Security Holder; any tax, insurance or other non-principal and interest funds collected for the benefit of the Mortgages or the property; and any unscheduled recoveries of principal.

Appears in 9 contracts

Samples: Guaranty Agreement Ginnie Mae Ii, Guaranty Agreement, Guaranty Agreement

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Custodial Funds. All principal and interest collected on account of the Mortgages Mortgage and/or the property securing the Mortgages Mortgage and any other funds due to the Security Holder; any tax, insurance or other non-principal and interest funds collected for the benefit of the Mortgages Mortgage or the property; and any unscheduled recoveries of principal.

Appears in 1 contract

Samples: Guaranty Agreement

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