Common use of Permitted Withdrawals From Escrow Account Clause in Contracts

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer (i) to effect timely payments of ground rents, taxes, assessments, water rates, property insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, (ii) to reimburse Servicer for any Servicing Advance made by Servicer with respect to an Escrow Payment, but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into the Escrow Account, (vii) to refund to Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by the Servicer (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to the Servicer, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, (vii) to refund to Servicer reimburse itself for any amount amounts deposited in the Escrow Account and not required to be deposited therein in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by the Servicer (i) to effect timely payments of ground rents, taxes, assessments, water rates, property insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer with respect to an Escrow Payment, but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable lawApplicable Law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into the Escrow Account, (vii) to refund to the Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by the Servicer (i) to effect timely payments of ground rents, taxes, assessments, water rates, property insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer with respect to an Escrow Payment, but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to the Servicer, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into the Escrow Account, (vii) to refund to the Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer Countrywide Servicing (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, premiums and comparable items, ; (ii) to reimburse Servicer Countrywide Servicing for any Servicing Advance made by Servicer Countrywide Servicing with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, ; (iii) to refund to the Mortgagor any funds as may be determined to be overages, ; (iv) for transfer to the Custodial Collection Account in accordance with the terms of this Agreement, ; (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to ServicerCountrywide Servicing, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, (vii) to refund to Servicer reimburse itself for any amount amounts deposited in the Escrow Account and not required to be deposited therein in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer Countrywide Servicing shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer the Seller (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse Servicer the Seller for any Servicing Advance made by Servicer the Seller with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Seller, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, (vii) to refund to Servicer reimburse itself for any amount amounts deposited in the Escrow Account and not required to be deposited therein in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Seller shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer Company (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse Servicer Company for any Servicing Advance made by Servicer Company with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Company, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, or (vii) to refund to Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Company shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer the Seller (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, (ii) to reimburse Servicer the Seller for any Servicing Advance made by Servicer the Seller with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Seller, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, (vii) to refund to Servicer reimburse itself for any amount amounts deposited in the Escrow Account and not required to be deposited therein in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Seller shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer the Company (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse Servicer Company for any Servicing Advance made by Servicer the Company with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Company, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, or (vii) to refund to Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Company shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer the Company (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse Servicer Company for any Servicing Advance made by Servicer the Company with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms terns of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Company, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, or (vii) to refund to Servicer any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Company shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by the Servicer (i) to effect timely payments of ground rents, taxes, assessments, water rates, property mortgage insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, items (ii) to reimburse the Servicer for any Servicing Advance made by the Servicer with respect to an Escrow Payment, a related Mortgage Loan but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Servicing Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to the Servicer, or to the Mortgagor Mortgagors to the extent required by law, any interest paid on the funds deposited into in the Escrow Account, (vii) to refund to Servicer reimburse itself for any amount amounts deposited in the Escrow Account and not required to be deposited therein in error, or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, the Servicer shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.

Permitted Withdrawals From Escrow Account. Withdrawals from the Escrow Account may be made by Servicer the Company (i) to effect timely payments of ground rents, taxes, assessments, water rates, property hazard insurance premiums, Primary Mortgage Insurance Policy premiums, if applicable, and comparable items, (ii) to reimburse Servicer the Company for any Servicing Advance made by Servicer Company with respect to an Escrow Payment, but only from amounts received on the related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder, and only to the extent permitted by applicable law, (iii) to refund to the Mortgagor any funds as may be determined to be overages, (iv) for transfer to the Custodial Account in accordance with the terms of this Agreement, (v) for application to restoration or repair of the Mortgaged Property, (vi) to pay to Servicerthe Company, or to the Mortgagor to the extent required by law, any interest paid on the funds deposited into the Escrow Account, (vii) to refund to Servicer the Company any amount deposited in the Escrow Account and not required to be deposited therein or (viii) to clear and terminate the Escrow Account on the termination of this Agreement. As part of its servicing duties, Servicer the Company shall pay to the Mortgagors interest on funds in the Escrow Account, to the extent required by law, and to the extent that interest earned on funds in the Escrow Account is insufficient, shall pay such interest from its own funds, without any reimbursement therefor.