Common use of Optional ESCROW/IMPOUNDS SERVICE Clause in Contracts

Optional ESCROW/IMPOUNDS SERVICE. To the extent required by the Loan documents, Servicer can provide the following property insurance and property tax service for first position Loans for $15 per Loan per month. This fee will be added to the monthly loan servicing fee and prorated to the respective Lenders. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Servicing Checklist, and associated fees are paid, when the borrower’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Loan shall be released to the borrower. Client may direct Servicer, upon acceleration of the Loan due to default, in Client’s sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower for impounding borrower’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's escrow account funds sufficient to cover the shortage; Client's failure to do so may jeopardize Client's lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agents, employees or vendors. Whenever possible, Client's advance will be recovered from borrower's subsequent payments into escrow for insurance and/or property taxes proceeds.

Optional ESCROW/IMPOUNDS SERVICE. To the extent required by the Loan documents, Servicer can provide the following property insurance and property tax tracking service for first position an additional fee per loan (see fee schedule) per month for Loans for $15 per under the Performing Loan per monthProgram. This fee will be added to the monthly loan servicing fee fee. The request for this service must be included in writing at the time a Loan is submitted to Servicer and prorated to is for first position loans only. Servicer accepts no responsibility for the respective Lendersconsequences of incorrect information supplied by Client or Lender. Servicer must receive copies of Tax and Insurance bills in a timely manner for payment. Servicer is not responsible for non payment of taxes or insurance if the tax bills and insurance bills are not received by servicer. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Servicer Loan Servicing Checklist, and associated fees are paid, when the borrower’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Loan loan shall be released to the borrower. Client may direct ServicerServicer may, upon acceleration of the Loan due to default, in Client’s its sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-non payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower for impounding borrower’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's ’s escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's ’s escrow account funds sufficient to cover the shortage; . Whenever possible, Client's ’s advance will be recovered from borrower’s subsequent payments into escrow for insurance and/or property taxes proceeds. Client’s failure to do so may jeopardize Client's ’s lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's ’s failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agentsadvance. Fees for certain documents and services, employees or vendors. Whenever possibleif available, Client's advance will be recovered charged according to the General Fee Schedule. For clients who do not wish to engage Xxxxxxxx on the additional fee per loan per month basis for billing and collection of payments from borrowers, and where Client expressly agrees that it will undertake such duties, Client agrees that Servicer shall in no respect be responsible for collection of funds from the particular borrower's subsequent payments into escrow . ☐ YES, I want Optional Escrow/Impounds Service Client initial: _____________ Note: On loans that do not use the optional Escrow/Impound service, it is the responsibility of the Client and/or Investor to file a Loss Payee Notice with the insurance company and verify insurance coverage annually, check for insurance and/or property payment of taxes proceedsannually or use a Tax Service, and (if applicable) file a Request for notice of foreclosure with any senior lien holder or use a senior lien foreclosure tracking service for non-notice states.

Optional ESCROW/IMPOUNDS SERVICE. (11.1) To the extent required by the Loan documentsDocuments, Client may request Servicer can to provide the following property insurance and property tax service for first position Mortgage Loans for $15 per Loan per monthin accordance with the fees structure set forth in Exhibit A hereto. This fee will be added to the monthly loan servicing fee and prorated to the respective Lenders, if appropriate. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Land Home Financial Services Loan Servicing Checklist, and associated fees are paid, when the borrowerMortgagor’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Mortgage Loan shall be released to the borrowerMortgagor. Client may direct Servicer, upon acceleration of the Mortgage Loan due to default, in Client’s sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents Documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Mortgage Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents Documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower Mortgagor for impounding borrowerMortgagor’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's Mortgagor’s escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's ’s escrow account funds sufficient to cover the shortage; Client's ’s failure to do so may jeopardize Client's ’s lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's ’s failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agents, employees or vendors. Whenever possible, Client's ’s advance will be recovered from borrower's Mortgagor’s subsequent payments into escrow for insurance and/or property taxes proceeds.

Optional ESCROW/IMPOUNDS SERVICE. To the extent required by the Loan documents, Servicer can provide the following property insurance and property tax service for first position Loans for $15 per Loan per month. This fee will be added to the monthly loan servicing fee and prorated to the respective Lenders. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Servicing Checklist, and associated fees are paid, when the borrower’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Loan shall be released to the borrower. Client may direct Servicer, upon acceleration of the Loan due to default, in Client’s sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower for impounding borrower’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to ServicerXxxxxxxx's escrow account funds sufficient to cover the shortage; Client's failure to do so may jeopardize Client's lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agents, employees or vendors. Whenever possible, Client's advance will be recovered from borrower's subsequent payments into escrow for insurance and/or property taxes proceeds.

Optional ESCROW/IMPOUNDS SERVICE. To the extent required by the Loan documents, Servicer can provide the following property insurance and property tax tracking service for first position an additional fee per loan (see Fee Schedule) per month for Loans for $15 per under the Performing Loan per monthProgram. This fee will be added to the monthly loan servicing fee fee. The request for this service must be included in writing at the time a Loan is submitted to Servicer and prorated to is for first position loans only. Servicer accepts no responsibility for the respective Lendersconsequences of incorrect information supplied by Client or Lender. Servicer must receive copies of Tax and Insurance bills in a timely manner for payment. Servicer is not responsible for non-payment of taxes or insurance if the tax bills and insurance bills are not received by servicer. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Servicer Loan Servicing Checklist, and associated fees are paid, when the borrower’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Loan loan shall be released to the borrower. Client may direct ServicerServicer may, upon acceleration of the Loan due to default, in Client’s its sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-non payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower for impounding borrower’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's ’s escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's ’s escrow account funds sufficient to cover the shortage; . Whenever possible, Client's ’s advance will be recovered from borrower’s subsequent payments into escrow for insurance and/or property taxes proceeds. Client’s failure to do so may jeopardize Client's ’s lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's ’s failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agentsadvance. Fees for certain documents and services, employees or vendors. Whenever possibleif available, Client's advance will be recovered charged according to the General Fee Schedule. For clients who do not wish to engage Xxxxxxxx on the additional fee per loan per month basis for billing and collection of payments from borrowers, and where Client expressly agrees that it will undertake such duties, Client agrees that Servicer shall in no respect be responsible for collection of funds from the particular borrower's subsequent payments into escrow . þ YES, I want Optional Escrow/Impounds Service Client initial: CS Note: On loans that do not use the optional Escrow/Impound service, it is the responsibility of the Client and/or Investor to file a Loss Payee Notice with the insurance company and verify insurance coverage annually, check for insurance and/or property payment of taxes proceedsannually or use a Tax Service, and (if applicable) file a Request for notice of foreclosure with any senior lien holder or use a senior lien foreclosure tracking service for non-notice states.

Optional ESCROW/IMPOUNDS SERVICE. (11.1) To the extent required by the Loan documentsDocuments, Client may request Servicer can to provide the following property insurance and property tax service for first position Mortgage Loans for $15 per Loan per monthin accordance with the fees structure set forth in Exhibit A hereto. This fee will be added to the monthly loan servicing fee and prorated to the respective Lenders, if appropriate. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Land Home Financial Services Loan Servicing Checklist, and associated fees are paid, when the borrowerMortgagor’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Mortgage Loan shall be released to the borrowerMortgagor. Client may direct Servicer, upon acceleration of the Mortgage Loan due to default, in Client’s sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents Documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Mortgage Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents Documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower Mortgagor for impounding borrowerMortgagor’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's Mortgagor’s escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's Service. if as escrow account funds sufficient to cover the shortage; Client's ’s failure to do so may jeopardize Client's ’s lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's ’s failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agents, employees or vendors. Whenever possible, Client's ’s advance will be recovered from borrower's Mortgagor’s subsequent payments into escrow for insurance and/or property taxes proceeds.

Optional ESCROW/IMPOUNDS SERVICE. To the extent required by the Loan documents, Servicer can provide the following property insurance and property tax tracking service for first position an additional fee per loan (see fee schedule) per month for Loans for $15 per under the Performing Loan per monthProgram. This fee will be added to the monthly loan servicing fee fee. The request for this service must be included in writing at the time a Loan is submitted to Servicer and prorated to is for first position loans only. Servicer accepts no responsibility for the respective Lendersconsequences of incorrect information supplied by Client or Lender. Servicer must receive copies of Tax and Insurance Master Servicing Agreement 06-24-2014 Servicer initial: KJC Client Initial: bills in a timely manner for payment. Servicer is not responsible for non-payment of taxes or insurance if the tax bills and insurance bills are not received by servicer. If this optional service is requested in writing or by email by Client and accepted in writing or by email by Servicer, and if all required information is supplied per the MAE Capital Mortgage Servicer Loan Servicing Checklist, and associated fees are paid, when the borrower’s monthly payment includes amounts for the payment of insurance and/or property taxes, Servicer will collect and hold those proceeds in a trust account insured by the Federal Deposit Insurance Corporation and disburse the scheduled payments to the respective authority as scheduled. Any funds remaining in the account after full repayment of the Loan loan shall be released to the borrower. Client may direct ServicerServicer may, upon acceleration of the Loan due to default, in Client’s its sole subjective discretion, subject to any applicable law, including RESPA which may prohibit such direction, how to apply the funds it receives toward reduction of the amount owed under the Loan documents (applied to advances, principal, interest or other expenses, in the Servicer’s sole discretion), completion of any work on the property securing the Loan, protection of the property or other purposes permitted by this Agreement, the Loan documents or law, or any combination thereof. Servicer accepts no responsibility for the consequences of incorrect information supplied by Client or Lender. Servicer is not responsible for the consequences of any non-payment of insurance or property taxes. If any interest on the balances aggregated is required by applicable law to be paid to the borrower for impounding borrower’s monies, Client will be responsible to pay such interest on demand by Servicer. If a borrower's ’s escrow funds are insufficient to pay insurance and/or property taxes, Client shall immediately advance to Servicer's ’s escrow account funds sufficient to cover the shortage; . Whenever possible, Client's ’s advance will be recovered from borrower’s subsequent payments into escrow for insurance and/or property taxes proceeds. Client’s failure to do so may jeopardize Client's ’s lien position due to the failure of insurance and/or property taxes, and Servicer accepts no responsibility for Client's ’s failure to make such an advance provided such failure was not the result of an act or omission of Servicer or its agentsadvance. Fees for certain documents and services, employees or vendors. Whenever possibleif available, Client's advance will be recovered charged according to the General Fee Schedule. For clients who do not wish to engage Servicer on the additional fee per loan per month basis for billing and collection of payments from borrowers, and where Client expressly agrees that it will undertake such duties, Client agrees that Servicer shall in no respect be responsible for collection of funds from the particular borrower's subsequent payments into escrow . YES, I want Optional Escrow/Impounds Service Client initial: NO, I do not want Optional Escrow/Impounds Service Client initial: Note: On loans that do not use the optional Escrow/Impound service, it is the responsibility of the Client and/or Investor to file a Loss Payee Notice with the insurance company and verify insurance coverage annually, check for insurance and/or property payment of taxes proceedsannually or use a Tax Service, and (if applicable) file a Request for notice of foreclosure with any senior lien holder or use a senior lien foreclosure tracking service for non-notice states.