Common use of Permitted Withdrawals From Escrow Account Clause in Contracts

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 with respect to a 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing Agreement; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay the Servicer, or any Mortgagors to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals With respect to the Non-Agency Mortgage Loans, withdrawals from the Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, premiums or other items constituting related Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 4.08 with respect to a Non-Agency 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 related Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing Agreement; (v) for application to restoration or repair of the related Mortgaged Property in accordance with the procedures outlined in Section 2.144.14; (vi) to pay the Servicer, or any Mortgagors to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account or Accounts may be made by the Servicer Seller only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer Seller for any Servicing Advance made by the Servicer Seller pursuant to Section 2.08 (except with respect to any expenses incurred in procuring or transferring Tax Service Contracts) 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the ServicerSeller, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals With respect to the Non-Agency Mortgage Loans, withdrawals from the Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, premiums or other items constituting related Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 4.08 with respect to a Non-Agency 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 related Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing Agreement; (v) for application to restoration or repair of the related Mortgaged Property in accordance with the procedures outlined in Section 2.144.14; (vi) to pay the ServicerOwner, or any Mortgagors to the extent required by law, any interest paid on the funds deposited in the Escrow AccountAccount and relating to any Mortgage Loan; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing Agreement; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay the Servicer, or any Mortgagors to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the each Escrow Account or Accounts may be made by the Servicer Seller only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer Seller for any Servicing Advance made by the Servicer Seller pursuant to Section 2.08 (except with respect to any expenses incurred in procuring or transferring Tax Service Contracts) 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 related Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the related Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the ServicerSeller, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from 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, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Interim Servicer for any Servicing Advance made by the Interim Servicer pursuant to Section 2.08 (except with respect to any expenses incurred in procuring or transferring Tax Service Contracts) 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the Interim Servicer, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement; and (viii) to withdraw funds deposited in error.

Permitted Withdrawals From Escrow Account. Withdrawals from 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, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Interim Servicer for any Servicing Advance made by the Interim Servicer pursuant to Section 2.08 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the Interim Servicer, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 (except with respect to any expenses incurred in procuring or transferring Tax Service Contracts) 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 applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the Servicer, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the each Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insuranceinsurance premiums, flood insurance premiums, earthquake insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 2.9 (except with respect to any expenses incurred in procuring or transferring Tax Service Contracts) 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 related Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the related Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the Servicer, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.

Permitted Withdrawals From Escrow Account. Withdrawals from the each Escrow Account or Accounts may be made by the Servicer only: (i) to effect timely payments of ground rents, taxes, assessments, water rates, mortgage insurance premiums, condominium charges, flood insurance, fire and hazard insurance, insurance premiums or other items constituting Escrow Payments for the related Mortgage; (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Section 2.08 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 related Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan or applicable federal or state law or judicial or administrative ruling; (iv) for transfer to the Custodial Account and application to reduce the principal balance of the Mortgage Loan in accordance with the terms of the related Mortgage and Mortgage Note or this Servicing AgreementNote; (v) for application to restoration or repair of the related Mortgaged Property in accordance with the procedures outlined in Section 2.14; (vi) to pay to the Servicer, or any Mortgagors Mortgagor to the extent required by law, any interest paid on the funds deposited in the Escrow Account; (vii) to reimburse itself for any amounts deposited in the Escrow Account in error; and (viiivii) to clear and terminate the Escrow Account on the termination of this Servicing Agreement.