Common use of Permitted Withdrawals From Custodial Account Clause in Contracts

Permitted Withdrawals From Custodial Account. 7 Section 2.06 Establishment of and Deposits to Escrow Account............................................8 Section 2.07 Permitted Withdrawals From Escrow Account..................................................9 Section 2.08 Payment of Taxes, Insurance and Other Charges..............................................9 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 Protection of Accounts....................................................................10 Section 2.11 Maintenance of Hazard Insurance...........................................................10 Section 2.12 Maintenance of Mortgage Impairment Insurance..............................................12 Section 2.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 Section 2.14 Inspections...............................................................................13 Section 2.15 Restoration of Mortgaged Property.........................................................13 Section 2.16 Maintenance of PMI Policy; Claims.........................................................13 Section 2.17 Title, Management and Disposition of REO Property.........................................14 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 Real Estate Owned Reports.................................................................15

Permitted Withdrawals From Custodial Account. 7 12 Section 2.06 Establishment of and Deposits to Escrow Account............................................8 ..............................................13 Section 2.07 Permitted Withdrawals From Escrow Account..................................................9 ....................................................14 Section 2.08 Payment of Taxes, Insurance and Other Charges..............................................9 ................................................14 Section 2.09 PMI and LPMI Obligations...........................................................................10 .....................................................................15 Section 2.10 Protection of Accounts....................................................................10 .......................................................................15 Section 2.11 Maintenance of Hazard Insurance...........................................................10 ..............................................................15 Section 2.12 Maintenance of Mortgage Impairment Insurance..............................................12 .................................................17 Section 2.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 ..............................17 Section 2.14 Inspections...............................................................................13 ..................................................................................18 Section 2.15 Restoration of Mortgaged Property.........................................................13 ............................................................18 Section 2.16 Maintenance of PMI Policy and/or LPMI Policy; Claims.........................................................13 .........................................18 Section 2.17 Title, Management and Disposition of REO Property.........................................14 ............................................20 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 ...........................................21 Section 2.19 Real Estate Owned Reports.................................................................15....................................................................21 Section 2.20

Permitted Withdrawals From Custodial Account. 7 38 Section 2.06 5.06 Establishment of and Deposits to Escrow Account............................................8 ..............................................39 Section 2.07 5.07 Permitted Withdrawals From Escrow Account..................................................9 ....................................................39 Section 2.08 5.08 Completion and Recordation of Assignment of Mortgage.........................................40 Section 5.09 Payment of Taxes, Insurance and Other Charges..............................................9 ................................................40 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 5.10 Protection of Accounts....................................................................10 .......................................................................41 Section 2.11 5.11 Maintenance of Hazard Insurance...........................................................10 ..............................................................41 Section 2.12 5.12 Maintenance of Mortgage Impairment Insurance..............................................12 ............................................................43 Section 2.13 5.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 ..............................44 Section 2.14 5.14 Inspections...............................................................................13 ..................................................................................44 Section 2.15 5.15 Restoration of Mortgaged Property.........................................................13 ............................................................44 Section 2.16 5.16 Maintenance of PMI and/or LPMI Policy; Claims.........................................................13 ................................................45 Section 2.17 5.17 Title, Management and Disposition of REO Property.........................................14 ............................................46 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 5.18 Real Estate Owned Reports.................................................................15....................................................................48 Section 5.19

Permitted Withdrawals From Custodial Account. 7 8 Section 2.06 Establishment of and Deposits to Escrow Account............................................8 Section 2.07 Permitted Withdrawals From Escrow Account..................................................9 Section 2.08 Payment of Taxes, Insurance and Other Charges..............................................9 .............................................10 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 Protection of Accounts....................................................................10 Section 2.11 Maintenance of Hazard Insurance...........................................................10 11 Section 2.12 Maintenance of Mortgage Impairment Insurance..............................................12 Section 2.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 Section 2.14 Inspections...............................................................................13 Section 2.15 Restoration of Mortgaged Property.........................................................13 Section 2.16 Maintenance of PMI Policy; Claims.........................................................13 14 Section 2.17 Title, Management and Disposition of REO Property.........................................14 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 Real Estate Owned Reports.................................................................1516

Permitted Withdrawals From Custodial Account. 7 36 Section 2.06 4.06. Establishment of and Deposits to Escrow Account............................................8 Account .......................... 37 Section 2.07 4.07. Permitted Withdrawals From Escrow Account..................................................9 Account .. 38 Section 2.08 4.08. Payment of Taxes, Insurance and Other Charges..............................................9 Charges .............................. 38 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 4.09. Protection of Accounts....................................................................10 Accounts ..................... 39 Section 2.11 4.10. Maintenance of Hazard Insurance...........................................................10 Insurance ............ 39 Section 2.12 4.11. Maintenance of Mortgage Impairment Insurance..............................................12 Insurance .................................. 40 Section 2.13 4.12. Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 Insurance ............. 40 Section 2.14 Inspections...............................................................................13 4.13. Inspections ................................ 41 Section 2.15 4.14. Restoration of Mortgaged Property.........................................................13 Property .......... 41 Section 2.16 4.15. Maintenance of PMI PolicyPrimary Mortgage Insurance; Claims.........................................................13 Claims .......................... 41 Section 2.17 Title, 4.16. Title Management and Disposition of REO Property.........................................14 Property ............................... 42 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 4.17. Real Estate Owned Reports.................................................................15Reports .................. 44 Section 4.18.

Permitted Withdrawals From Custodial Account. 7 38 Section 2.06 5.06 Establishment of and Deposits to Escrow Account............................................8 ...............................................39 Section 2.07 5.07 Permitted Withdrawals From Escrow Account..................................................9 .....................................................39 Section 2.08 5.08 Completion and Recordation of Assignment of Mortgage..........................................40 Section 5.09 Payment of Taxes, Insurance and Other Charges..............................................9 .................................................40 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 5.10 Protection of Accounts....................................................................10 ........................................................................41 Section 2.11 5.11 Maintenance of Hazard Insurance...........................................................10 ...............................................................41 Section 2.12 5.12 Maintenance of Mortgage Impairment Insurance..............................................12 .............................................................43 Section 2.13 5.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 ...............................44 Section 2.14 5.14 Inspections...............................................................................13 ...................................................................................44 Section 2.15 5.15 Restoration of Mortgaged Property.........................................................13 .............................................................44 Section 2.16 5.16 Maintenance of PMI and/or LPMI Policy; Claims.........................................................13 .................................................45 Section 2.17 5.17 Title, Management and Disposition of REO Property.........................................14 .............................................46 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 5.18 Real Estate Owned Reports.................................................................15.....................................................................48 Section 5.19

Permitted Withdrawals From Custodial Account. 7 41 Section 2.06 5.06 Establishment of and Deposits to Escrow Account............................................8 ................43 Section 2.07 5.07 Permitted Withdrawals From Escrow Account..................................................9 ......................43 Section 2.08 5.08 Completion and Recordation of Assignment of Mortgage...........44 Section 5.09 Payment of Taxes, Insurance and Other Charges..............................................9 ..................44 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 5.10 Protection of Accounts....................................................................10 .........................................45 Section 2.11 5.11 Maintenance of Hazard Insurance...........................................................10 ................................46 Section 2.12 5.12 Maintenance of Mortgage Impairment Insurance..............................................12 ..............................47 Section 2.13 5.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 ....................................................48 Section 2.14 5.14 Inspections...............................................................................13 ....................................................48 Section 2.15 5.15 Restoration of Mortgaged Property.........................................................13 ..............................48 Section 2.16 5.16 Maintenance of PMI and/or LPMI Policy; Claims.........................................................13 ..................49 Section 2.17 5.17 Title, Management and Disposition of REO Property.........................................14 ..............50 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 5.18 Real Estate Owned Reports.................................................................15......................................52 Section 5.19

Permitted Withdrawals From Custodial Account. 7 38 Section 2.06 5.06 Establishment of and Deposits to Escrow Account............................................8 ......... 39 Section 2.07 5.07 Permitted Withdrawals From Escrow Account..................................................9 ............... 39 Section 2.08 5.08 Completion and Recordation of Assignment of Mortgage.... 40 Section 5.09 Payment of Taxes, Insurance and Other Charges..............................................9 ........... 40 Section 2.09 PMI Obligations...........................................................................10 Section 2.10 5.10 Protection of Accounts....................................................................10 .................................. 41 Section 2.11 5.11 Maintenance of Hazard Insurance...........................................................10 ......................... 41 Section 2.12 5.12 Maintenance of Mortgage Impairment Insurance..............................................12 ....................... 43 Section 2.13 5.13 Maintenance of Fidelity Bond and Errors and Omissions Insurance...........................12 ............................................. 44 Section 2.14 5.14 Inspections...............................................................................13 ............................................. 44 Section 2.15 5.15 Restoration of Mortgaged Property.........................................................13 ....................... 44 Section 2.16 5.16 Maintenance of PMI and/or LPMI Policy; Claims.........................................................13 ........... 45 Section 2.17 5.17 Title, Management and Disposition of REO Property.........................................14 ....... 46 Section 2.18 Permitted Withdrawals with respect to REO Property........................................15 Section 2.19 5.18 Real Estate Owned Reports.................................................................15............................... 48 Section 5.19