Common use of Liquidation of Mortgage Loans Clause in Contracts

Liquidation of Mortgage Loans. 30 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09

Liquidation of Mortgage Loans. 30 37 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ..........................38 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ............39 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ..................40 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ...............42 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 .....................42 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 .................43 Section 4.09

Liquidation of Mortgage Loans. 30 35 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 36 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 36 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 37 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 39 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 39 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 40 Section 4.09

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 ..........................................................6 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ............................................7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 ..................................................8 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ...............................................8 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 .....................................................9 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 10 Section 4.092.09 PMI Obligations..............................................................................10 Section 2.10

Liquidation of Mortgage Loans. 30 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 .......................... Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ............ Section 4.05 2.05 Permitted Withdrawals From from Custodial Account.................................................33 .................. Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ............... Section 4.07 2.07 Permitted Withdrawals From from Escrow Account....................................................35 ..................... Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 ................. Section 4.092.09

Liquidation of Mortgage Loans. 30 35 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 36 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 36 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 38 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 39 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 40 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 40 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 Subsection 11.03 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 .......................... Subsection 11.04 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted ; Deposits in Custodial Account....................................................... Subsection 11.05 Withdrawals From the Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.....................

Liquidation of Mortgage Loans. 30 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 .......................... Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ............ Section 4.05 2.05 Permitted Withdrawals From from Custodial Account.................................................33 .................. Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ............... Section 4.07 2.07 Permitted Withdrawals From from Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.....................

Liquidation of Mortgage Loans. 30 32 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ......................33 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ........33 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ..............35 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ...........36 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 .................37 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 .............37 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 .......................... Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ............ Section 4.05 2.05 Permitted Withdrawals From from Custodial Account.................................................33 .................. Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ............... Section 4.07 2.07 Permitted Withdrawals From from Escrow Account....................................................35 ..................... Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 Charges with Respect to First Lien Loans.................................. Section 4.092.09

Liquidation of Mortgage Loans. 30 Section 4.03 Subsection 11.03 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 .......................... Subsection 11.04 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted ; Deposits in Custodial Account........................................... Subsection 11.05 Withdrawals From the Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.....................

Liquidation of Mortgage Loans. 30 Section 4.03 Collection of Mortgage Loan Payments.......................................................................................... 31 Section 4.04 Establishment of and Deposits to Custodial Account.............................................................. 31 Section 4.05 Permitted Withdrawals From Custodial Account.......................................................................... 33 Section 4.06 Establishment of and Deposits to Escrow Account.................................................................... 34 Section 4.07 Permitted Withdrawals From Escrow Account................................................................................ 35 Section 4.08 Payment of Taxes, Insurance and Other Charges........................................................................ 35 Section 4.09

Liquidation of Mortgage Loans. 30 18 Section 4.03 3.3 Collection of Mortgage Loan Payments.........................................................31 ...................................................18 Section 4.04 3.4 Establishment of and Deposits to Custodial Account...........................................31 ; Deposits in Custodial Account......................18 Section 4.05 3.5 Permitted Withdrawals From from the Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.....................................

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 . .......................................................6 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 . .........................................6 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.092.05

Liquidation of Mortgage Loans. 30 31 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 32 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 32 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 34 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 35 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 36 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 36 Section 4.09

Liquidation of Mortgage Loans. 30 8 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 ...........................8 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 .............8 Section 4.05 2.05 Permitted Withdrawals From from Custodial Account.................................................33 ...................9 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ...............10 Section 4.07 2.07 Permitted Withdrawals From from Escrow Account....................................................35 .....................11 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 .................11 Section 4.092.09

Liquidation of Mortgage Loans. 30 15 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 .........................15 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ...........15 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 .................17 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ..............18 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 ....................18 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 Charges With Respect to First Lien Loans.................................19 Section 4.092.09

Liquidation of Mortgage Loans. 30 37 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ........................................38 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ..........................39 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ................................40 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 .............................42 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ...................................42 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ...............................43 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted ; Deposits in Custodial Account.......................................46 Subsection 11.05 Withdrawals From the Custodial Account.................................................33 Section 4.06 ..................47 Subsection 11.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted ; Deposits in Escrow Account.................................................48 Subsection 11.07 Withdrawals From Escrow Account....................................................35 Section 4.08 .........................49 Subsection 11.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09; Collections Thereunder..................................49 Subsection 11.09

Liquidation of Mortgage Loans. 30 17 Section 4.03 3.3 Collection of Mortgage Loan Payments.........................................................31 ..........................................................18 Section 4.04 3.4 Establishment of and Deposits to Custodial Account...........................................31 ; Deposits in Custodial Account.............................18 Section 4.05 3.5 Permitted Withdrawals From from the Custodial Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09............................................

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 . .......................................................6 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 . .........................................7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 . ...............................................8 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 . ............................................8 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 . ..................................................9 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 . .............................................10 Section 4.092.09 PMI Obligations. ...........................................................................10 Section 2.10

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 ..................................... 7 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ....................... 7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 ............................. 9 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 .......................... 10 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 ................................ 10 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 , Tax Contracts............. 11 Section 4.092.09

Liquidation of Mortgage Loans. 30 35 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ...................................36 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 .....................36 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ...........................37 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ........................39 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ..............................39 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ..........................40 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 .............................. Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ................ Section 4.05 2.05 Permitted Withdrawals From from Custodial Account.................................................33 ...................... Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ................... Section 4.07 2.07 Permitted Withdrawals From from Escrow Account....................................................35 ......................... Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 ..................... Section 4.092.09

Liquidation of Mortgage Loans. 30 41 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 .......................................42 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 .........................42 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ...............................44 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ............................45 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ..................................45 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ..............................46 Section 4.09

Liquidation of Mortgage Loans. 30 35 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ..........................................................36 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ............................................36 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ..................................................38 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ...............................................39 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 .....................................................40 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 .................................................40 Section 4.09

Liquidation of Mortgage Loans. 30 17 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ..........................18 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ............18 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ..................19 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ...............20 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 .....................21 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 .................22 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 7 2.3 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 ......................................................... 9 2.4 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 ........................................... 9 2.5 Permitted Withdrawals From from Custodial Account.................................................33 Section 4.06 ................................................. 10 2.6 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 .............................................. 11 2.7 Permitted Withdrawals From from Escrow Account....................................................35 Section 4.08 .................................................... 11 2.8 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09................................................ 12 2.9

Liquidation of Mortgage Loans. 30 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 32 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 34 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09

Liquidation of Mortgage Loans. 30 20 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 .................................................21 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ...................................22 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 .........................................24 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ......................................25 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ............................................26 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ........................................27 Section 4.09

Liquidation of Mortgage Loans. 30 Section 4.03 Collection of Mortgage Loan Payments........................................................................................................31 Section 4.04 Establishment of and Deposits to Custodial Account............................................................................31 Section 4.05 Permitted Withdrawals From Custodial Account........................................................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..................................................................................34 Section 4.07 Permitted Withdrawals From Escrow Account..............................................................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges......................................................................................35 Section 4.09

Liquidation of Mortgage Loans. 30 31 Section 4.03 4.3 Collection of Mortgage Loan Payments.........................................................31 .........................................32 Section 4.04 4.4 Establishment of and Deposits to Custodial Account...........................................31 ...........................33 Section 4.05 4.5 Permitted Withdrawals From Custodial Account.................................................33 .................................34 Section 4.06 4.6 Establishment of and Deposits to Escrow Account..............................................34 ..............................35 Section 4.07 4.7 Permitted Withdrawals From Escrow Account....................................................35 ....................................36 Section 4.08 4.8 Payment of Taxes, Insurance and Other Charges................................................35 ................................37 Section 4.094.9

Liquidation of Mortgage Loans. 30 Section 4.03 29 Subsection 11.03. Collection of Mortgage Loan Payments.........................................................31 Section 4.04 ........................................30 Subsection 11.04. Establishment of and Deposits to Custodial Account...........................................31 Section 4.05 Permitted ; Deposits in Custodial Account...........30 Subsection 11.05. Withdrawals From the Custodial Account.................................................33 Section 4.06 ......................................32 Subsection 11.06. Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted ; Deposits in Escrow Account.................33 Subsection 11.07. Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.............................................33

Liquidation of Mortgage Loans. 30 11 Section 4.03 2.3 Collection of Mortgage Loan Payments.........................................................31 ....................................................12 Section 4.04 2.4 Establishment of and Collection Account; Deposits to Custodial in Collection Account...........................................31 .....................13 Section 4.05 2.5 Permitted Withdrawals From Custodial from the Collection Account.................................................33 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 Section 4.09.....................................

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 ..........................................................7 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 ............................................7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 ..................................................8 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ...............................................9 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 10 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 10 Section 4.092.09 PMI Obligations..............................................................................10 Section 2.10

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 ...........................6 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 .............7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 ...................8 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 ................8 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 ......................9 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 .................10 Section 4.092.09 PMI Obligations...............................................10 Section 2.10

Liquidation of Mortgage Loans. 30 35 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 ...........................................................36 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 .............................................36 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 ...................................................38 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ................................................40 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ......................................................41 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ..................................................41 Section 4.09

Liquidation of Mortgage Loans. 30 37 Section 4.03 Collection of Mortgage Loan Payments.........................................................31 .........................................38 Section 4.04 Establishment of and Deposits to Custodial Account...........................................31 ...........................39 Section 4.05 Permitted Withdrawals From Custodial Account.................................................33 .................................40 Section 4.06 Establishment of and Deposits to Escrow Account..............................................34 ..............................41 Section 4.07 Permitted Withdrawals From Escrow Account....................................................35 ....................................42 Section 4.08 Payment of Taxes, Insurance and Other Charges................................................35 ................................43 Section 4.09

Liquidation of Mortgage Loans. 30 6 Section 4.03 2.03 Collection of Mortgage Loan Payments.........................................................31 Payments ........................................................6 Section 4.04 2.04 Establishment of and Deposits to Custodial Account...........................................31 Account ..........................................7 Section 4.05 2.05 Permitted Withdrawals From Custodial Account.................................................33 Account ................................................8 Section 4.06 2.06 Establishment of and Deposits to Escrow Account..............................................34 Account .............................................8 Section 4.07 2.07 Permitted Withdrawals From Escrow Account....................................................35 Account ...................................................9 Section 4.08 2.08 Payment of Taxes, Insurance and Other Charges................................................35 Charges ..............................................10 Section 4.092.09 PMI Obligations ............................................................................10 Section 2.10