Common use of Establishment of and Deposits to Subsidy Account Clause in Contracts

Establishment of and Deposits to Subsidy Account. The Servicer shall segregate and hold all Subsidy Funds collected and received pursuant to the Subsidy Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Subsidy Accounts, in the form of time deposit or demand accounts, titled “Xxxxx Fargo Bank, N.A., in trust for the Owner, its successors or assigns, and/or subsequent purchasers of residential Mortgage Loans, and various Mortgagors.” The Subsidy Account shall be an eligible deposit account established with a Qualified Depository. The Servicer shall, from time to time, withdraw funds from the Subsidy Account for the following purposes:

Establishment of and Deposits to Subsidy Account. The Servicer Company shall segregate and hold all Subsidy Funds collected and received pursuant to the Subsidy Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Subsidy Accounts, in the form of time deposit or demand accounts, titled “Xxxxx "Wells Fargo Bank, N.A., in trust for the OwnerPurchaser, its successors or successoxx xx assigns, and/or subsequent purchasers of residential Residential Mortgage Loans, and various Mortgagors.” " The Subsidy Account shall be an eligible deposit account established with a Qualified Depository. The Servicer Company shall, from time to time, withdraw funds from the Subsidy Account for the following purposes:

Establishment of and Deposits to Subsidy Account. The Servicer Company shall segregate and hold all Subsidy Funds collected and received pursuant to the Subsidy Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Subsidy Accounts, in the form of time deposit or demand accounts, titled “Xxxxx "Wells Fargo Bank, N.A., in trust for the OwnerPurchaser, its successors or successorx xx assigns, and/or subsequent purchasers of residential Residential Mortgage Loans, and various Mortgagors.” " The Subsidy Account shall be an eligible deposit account established with a Qualified Depository. The Servicer Company shall, from time to time, withdraw funds from the Subsidy Account for the following purposes:

Establishment of and Deposits to Subsidy Account. The Servicer shall segregate and hold all Subsidy Funds collected and received pursuant to the Subsidy Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Subsidy Accounts, in the form of time deposit or demand accounts, titled “Xxxxx Wxxxx Fargo Bank, N.A., in trust for the Owner, its successors or assigns, and/or subsequent purchasers of residential Mortgage Loans, and various Mortgagors.” The Subsidy Account shall be an eligible deposit account established with a Qualified Depository. The Servicer shall, from time to time, withdraw funds from the Subsidy Account for the following purposes:

Establishment of and Deposits to Subsidy Account. The Servicer shall segregate and hold all Subsidy Funds collected and received pursuant to the Subsidy Loans separate and apart from any of its own funds and general assets and shall establish and maintain one or more Subsidy Accounts, in the form of time deposit or demand accounts, titled “Xxxxx "Wells Fargo Bank, N.A., in trust for the Owner, its successors or assignsassxxxx, and/or subsequent purchasers of residential Mortgage Loans, and various Mortgagors.” " The Subsidy Account shall be an eligible deposit account established with a Qualified Depository. The Servicer shall, from time to time, withdraw funds from the Subsidy Account for the following purposes: