Common use of Permitted Withdrawals From Escrow Account Clause in Contracts

Permitted Withdrawals From Escrow Account. Withdrawals from any Escrow Account or Accounts may be made by the Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer, with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable law, (iv) for application to restoration or repair of the property subject to the related Mortgage, (v) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vi) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in error.

Permitted Withdrawals From Escrow Account. Withdrawals from any Escrow Account or Accounts may be made by the a Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer, with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable law, (iv) for application to restoration or repair of the property subject to the related Mortgage, (v) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vi) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in error.

Permitted Withdrawals From Escrow Account. Withdrawals from any Escrow Account or Accounts may be made by the a Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the such Servicer for any Servicing Advance made by the such Servicer, with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable law, (iv) for application to restoration or repair of the property subject to the related Mortgage, (v) to pay to the such Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vi) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in error.

Permitted Withdrawals From Escrow Account. Withdrawals from any the Escrow Account or Accounts may be made by the Interim Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard hazard insurance premiums, Primary Insurance Policy premiums, or other items constituting Escrow Payments for the related Mortgageif applicable, and comparable items, (ii) to reimburse the Interim Servicer for any Servicing Advance made by the Servicer, Interim Servicer with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any the Mortgagor any funds found as may be determined to be overages, (iv) for transfer to the Custodial Account in excess of the amounts required under accordance with the terms of the related Mortgage Loan or under applicable lawthis Agreement, (ivv) for application to restoration or repair of the property subject to the related MortgageMortgaged Property, (vvi) to pay to the Interim Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, or (vivii) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in errorAgreement.

Permitted Withdrawals From Escrow Account. Withdrawals from any Escrow Account or Accounts may be made by the Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the Servicer for 69 75 any Servicing Advance made by the Servicer, with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable law, (iv) for application to restoration or repair of the property subject to the related Mortgage, (v) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vi) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in error.

Permitted Withdrawals From Escrow Account. Withdrawals from any the Escrow Account or Accounts may be made by the Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard sewer rents, fire, flood and hazard insurance premiums, Primary Insurance Policy premiums, or other items constituting Escrow Payments for the related Mortgageif applicable, and comparable items, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer, Servicer with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections Late Collections of Escrow Payments thereunder, (iii) to refund to any the Mortgagor any funds found as may be determined to be overages, (iv) for transfer to the Collection Account in excess of the amounts required under accordance with the terms of the related Mortgage Loan or under applicable lawthis Agreement, (ivv) for application to restoration or repair of the property subject to the related MortgageMortgaged Property, (vvi) to pay to the Servicer, or to the Mortgagor to the extent required by lawthe related Mortgage Loan or Applicable Regulations, any interest paid on the funds deposited in the Escrow Account, (vivii) to clear and terminate the Escrow Account on the termination of this Agreement Agreement, (viii) to transfer to the Collection Account any Insurance Proceeds or (viiix) in the case of FHA Loans, for transfer to withdraw amounts deposited in error.the Collection Account, fire and hazard insurance proceeds

Permitted Withdrawals From Escrow Account. Withdrawals from any the applicable Escrow Account or Accounts with respect to an Owner may be made by the Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard hazard insurance premiums, Primary Insurance Policy premiums, or other items constituting Escrow Payments for the related Mortgageif applicable, and similar items, (ii) to reimburse the Servicer for any unreimbursed Servicing Advance made by the Servicer, Servicer with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any the Mortgagor any funds found as may be determined to be overages, (iv) for transfer to the Custodial Account in excess of the amounts required under accordance with the terms of the related Mortgage Loan or under applicable lawthis Agreement, (ivv) for application to restoration or repair of the property subject to the related MortgageMortgaged Property, (vvi) to pay to the Servicer, or to the Mortgagor to the extent required by lawthe related Mortgage Loan or Applicable Regulations, any interest paid on the funds deposited in the Escrow Account, (vivii) to clear and terminate the Escrow Account on the termination of this Agreement or (viiviii) to withdraw amounts deposited in errortransfer to the Custodial Account any Other Insurance Proceeds.

Permitted Withdrawals From Escrow Account. Withdrawals from any the Escrow Account or Accounts may be made by the Seller or the Sub-Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard hazard insurance premiums, Primary Mortgage Insurance Policy premiums, or other items constituting Escrow Payments for the related Mortgageif applicable, and comparable items, (ii) to reimburse the Servicer Seller for any Servicing Advance made by the Servicer, Seller with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any the Mortgagor any funds found as may be determined to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable lawoverages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to the restoration or repair of the property subject to the related MortgageMortgaged Property, (vvi) to pay to the ServicerSeller, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, or (vivii) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in errorAgreement.

Permitted Withdrawals From Escrow Account. Withdrawals from any Escrow Account or Accounts may be made by the a Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy premiums, or other items constituting Escrow Payments for the related Mortgage, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer, with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or under applicable law, (iv) for application to restoration or repair of the property subject to the related Mortgage, (v) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vi) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in error.. 91

Permitted Withdrawals From Escrow Account. Withdrawals Any withdrawals from any the Escrow Account or Accounts may be made by the Servicer only (i) to effect timely payments of ground rents, taxes, assessments, water rates, Standard Hazard Policy insurance premiums, or other items constituting Escrow Payments for the related Mortgageas applicable and comparable items, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer, Servicer with respect to a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, (iii) to refund to any the Mortgagor any funds found as may be determined to be overages, (iv) for transfer to the Custodial Account in excess of the amounts required under accordance with the terms of the related Mortgage Loan or under applicable lawthis Agreement, (ivv) for application to restoration or repair of the property subject to the related MortgageMortgaged Property, (vvi) to pay to the Servicer, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited in the Escrow Account, (vivii) to reimburse itself for any amounts deposited in the Escrow Account in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement or (vii) to withdraw amounts deposited in errorAgreement.