T&I Advance Requirement. If a Borrower's Escrow Funds are insufficient to pay taxes or insurance premiums, the Servicer must advance from its own funds to the respective Custodial T&I Account an amount sufficient to cover the shortage and so as to assure the maintenance of a first lien position of the related Security Instrument on the related Mortgaged Property.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar4 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar5 Trust), Servicing Agreement (Wells Fargo Asset Securities Corp)
T&I Advance Requirement. If a Borrower's ’s Escrow Funds are insufficient to pay taxes or insurance premiums, the Servicer must advance from its own funds to the respective Custodial T&I Account an amount sufficient to cover the shortage and so as to assure the maintenance of a first lien position of the related Security Instrument on the related Mortgaged Property.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
