Common use of Third Party Controlled Future Spread Custodial Account Clause in Contracts

Third Party Controlled Future Spread Custodial Account. The account specified in the Future Spread Custodial Account Control Agreement and maintained by Xxxxx Fargo Bank, National Association, or any successor thereto, or another third party custodian or trustee selected by Purchaser, into which all Servicing Spread Collections, all Sales Proceeds and all Servicing Agreement termination payments in respect of the Mortgage Loans shall be deposited.