Common use of T&I Advance Recovery Clause in Contracts

T&I Advance Recovery. T&I Advances may be recovered from the Borrower's subsequent monthly escrow payments, Insurance Proceeds, Liquidation Proceeds or the Borrower, but must never be recovered from scheduled principal or interest collections. The Servicer may not recover T&I Advances from another Borrower's Escrow Funds.

Appears in 76 contracts

Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar13 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-16 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-5 Trust)

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T&I Advance Recovery. T&I Advances may be recovered from the Borrower's ’s subsequent monthly escrow payments, Insurance Proceeds, Liquidation Proceeds or the Borrower, but must never be recovered from scheduled principal or interest collections. The Servicer may not recover T&I Advances from another Borrower's ’s Escrow Funds.

Appears in 1 contract

Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)

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