Common use of Optional Deposits Clause in Contracts

Optional Deposits. The following funds may, but are not required to, be deposited into each related Custodial P&I Account: (a) late charges; (b) prepayment fees; (c) penalty interest; (d) assumption fees; (e) Liquidation Profits; and (f) unapplied funds if the Borrower that remitted such funds is not required to maintain Escrow Funds. The Servicer shall maintain separate accounting for each of the foregoing types of funds. Provided that the Servicer is not in default of its obligations hereunder, the Servicer may retain any late charges, prepayment fees, penalty interest, assumption fees and Liquidation Profits as additional servicing compensation.

Optional Deposits. The following funds may, but are not required to, be deposited into each related Custodial P&I Account: (a) late charges; (b) prepayment fees; (c) penalty interest; (d) assumption fees; (e) Liquidation Profits; and (fe) unapplied funds if the Borrower that remitted such funds is not required to maintain Escrow Funds. The Servicer shall maintain separate accounting for each of the foregoing types of funds. Provided that the Servicer is not in default of its obligations hereunder, the Servicer may retain any late charges, prepayment fees, penalty interest, interest and assumption fees and Liquidation Profits as additional servicing compensation.

Optional Deposits. The following funds may, but are not required to, be deposited into each related Custodial P&I Account: (a) late charges; (b) prepayment fees; (c) penalty interest; (d) assumption fees; (e) Liquidation Profits; and and (f) unapplied funds if the Borrower that remitted such funds is not required to maintain Escrow Funds. The Servicer shall maintain separate accounting for each of the foregoing types of funds. Provided that the Servicer is not in default of its obligations hereunder, the Servicer may retain any late charges, prepayment fees, penalty interest, assumption fees and Liquidation Profits as additional servicing compensation.