Common use of Permitted Withdrawals from the Escrow Account Clause in Contracts

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (a) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (b) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 and 3.11 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (d) for transfer to the Custodial Account in accordance with the terms of this Agreement; (e) for application to restoration or repair of the related Mortgaged Property in accordance with the provisions of Section 3.14, (f) to pay to a Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (h) to remove funds inadvertently placed in the Escrow Account by the Servicer; or (i) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; , or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (a) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (b) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 and 3.11 with respect to a related Mortgage Loan, the Servicer’s 's right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (d) for transfer to the Custodial Account in accordance with the terms of this Agreement; (e) for application to restoration or repair of the related Mortgaged Property in accordance with the provisions of Section 3.14, (f) to pay to a Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (h) to remove funds inadvertently placed in the Escrow Account by the Servicer; or (i) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), such withdrawal to be made monthly not later than the Monthly Remittance Date, (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; Servicer or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a the related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause but only from amounts received on such Mortgage Loan which represent Late Collections, (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), such withdrawal to be made monthly not later than the Monthly Remittance Date, (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; Servicer or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Collection Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; , or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87. With respect to any Escrow Holdback Mortgage Loan, no final disbursement of any escrow funds therefore shall be made by the Servicer to the Mortgagor unless the Servicer shall have received the related certificate of completion with respect thereto.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirementslaw, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; , or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), such withdrawal to be made monthly not later than the Monthly Remittance Date, (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; Servicer or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (a) only: to effect timely payments of ground rents, taxes, assessments, water rates, insurance Primary Mortgage Insurance Policy premiums, if applicable, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgagepremiums, condominium assessments and comparable items; (b) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 and 3.11 with respect to a related Mortgage Loan, Loan but only from amounts received on the Servicer’s right related Mortgage Loan which represent late payments or collections of Escrow Payments thereunder; to reimburse itself pursuant to this clause (b) being limited refund to the amounts Mortgagor any funds as may be collected by the Servicer from the related Mortgagor or from the related insurer; (c) to refund to any Mortgagor any funds found determined to be in excess of the amounts required under the terms of the related Mortgage Loanoverages; (d) for transfer to the Custodial Account in accordance with the terms of this Agreement; (e) for application to restoration or repair of the related Mortgaged Property in accordance with the provisions of Section 3.14, (f) Property; to pay to a Mortgagorthe Servicer, or to the Mortgagor to the extent required by Applicable Requirementslaw, any interest paid on the funds deposited in the Escrow Account; (g) to clear and terminate the Escrow Account on the termination of this Agreement; to pay to itself any interest earned on funds the Mortgagors or other parties Insurance Proceeds deposited in the Escrow Account (accordance with Section 4.06; and not required to be paid to the related Mortgagor), (h) to remove funds inadvertently placed in the Escrow Account by the Servicer; or (i) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.

Permitted Withdrawals from the Escrow Account. 20 Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (a) to effect timely payments of taxes, assessments, water rates, insurance premiums, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; (b) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 and 3.11 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (c) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; (d) for transfer to the Custodial Account in accordance with the terms of this Agreement; (e) for application to restoration or repair of the related Mortgaged Property in accordance with the provisions of Section 3.14, (f) to pay to a Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; (g) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (h) to remove funds inadvertently placed in the Escrow Account by the Servicer; or (i) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; , or (iix) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 8.7

Permitted Withdrawals from the Escrow Account. Withdrawals from the Escrow Account maintained by the Servicer may be made by the Servicer only (ai) to effect timely payments of ground rents, taxes, assessments, sewer rents, municipal charges, water rates, insurance premiums, condominium charges, fire and hazard insurance premiums or other items constituting Escrow Payments for the related Mortgage; , (bii) to reimburse the Servicer for any Servicing Advance made by the Servicer pursuant to Sections 3.8, 3.10 2.8 and 3.11 2.10 with respect to a related Mortgage Loan, the Servicer’s right to reimburse itself pursuant to this clause (b) being limited to the amounts as may be collected by the Servicer from the related Mortgagor or from the related insurer; (ciii) to refund to any Mortgagor any funds found to be in excess of the amounts required under the terms of the related Mortgage Loan; , (div) for transfer to the Custodial Account in accordance with the terms of this Agreement; , (ev) for application to restoration or repair of the related a Mortgaged Property in accordance with Property, provided the provisions of Section 3.142.13 have been complied with, (fvi) to pay to a the Mortgagor, to the extent required by Applicable Requirements, interest on the funds deposited in the Escrow Account; , (gvii) to pay to itself any interest earned on funds deposited in the Escrow Account (and not required to be paid to the related Mortgagor), (hviii) to remove funds inadvertently placed in the Escrow Account by the Servicer; , (ix) to the extent permitted under the terms of the related Mortgage Note and applicable law, to pay late fees with respect to any Monthly Payment which is received after the applicable grace period, (x) to withdraw suspense payments that are deposited into the Escrow Account or (ixi) to clear and terminate the Escrow Account upon the termination of this Agreement, in accordance with Article 87.