Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called “Escrow Items.” At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall pay Lender the Funds for Escrow Items unless Lender waives Borrower’s obligation to pay the Funds for any or all Escrow Items. Lender may waive Borrower’s obligation to pay to Lender Funds for any or all Escrow Items at any time. Any such waiver may only be in writing. In the event of such waiver, Borrower shall pay directly, when and where payable, the amounts due for any Escrow Items for which payment of Funds has been waived by Lender and, if Lender requires, shall furnish to Lender receipts evidencing such payment within such time period as Lender may require. Borrower’s obligation to make such payments and to provide receipts shall for all purposes be deemed to be a covenant and agreement contained in this Security Instrument, as the phrase “covenant and agreement” is used in Section 9. If Borrower is obligated to pay Escrow Items directly, pursuant to a waiver, and Borrower fails to pay the amount due for an Escrow Item, Lender may exercise its rights under Section 9 and pay such amount and Borrower shall then be obligated under Section 9 to repay to Lender any such amount. Lender may revoke the waiver as to any or all Escrow Items at any time by a notice given in accordance with Section 15 and, upon such revocation, Borrower shall pay to Lender all Funds, and in such amounts, that are then required under this Section 3. Lender may, at any time, collect and hold Funds in an amount (a) sufficient to permit Lender to apply the Funds at the time spe...
Funds for Escrow Items. The Borrower will pay the Lender, on the day periodic payments are due, until the Principal Amount is paid in full, a sum (the "Funds") to pay for any:
a. Taxes, assessments, or other items that can take priority over this Deed as a lien or encumbrance on the Property;
b. Lease payments on the Property, if any; and
c. Premiums for any and all insurance, including mortgage insurance required by the Lender. These items are called "Escrow Items." The Borrower must notify the Lender of the amounts to be paid under this provision. If the Borrower is late on payments, the Lender can, at its discretion, pay for any and all past due payments for Escrow Items and the Borrower will be obligated to repay the Lender such amount.
Funds for Escrow Items. (a) Xxxxxxxx’s Obligations; Escrow Requirement. I will pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum of money to pay amounts due for all Escrow Items (the “Funds”). The term Escrow Items is defined above in the section entitled “Words Used Often In This Document.” Each Periodic Payment will include an amount to be applied toward the payment of the Escrow Items. The amount of the Funds required to be paid each month may change during the term of the Loan. The monthly payment that I will make for Escrow Items will be based on Lender’s estimate of the annual amount required. I will promptly send Lender a copy of all notices of amounts to be paid under this Section 3.
Funds for Escrow Items. (Not applicable)
Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the "Funds") to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called "Escrow Items." Borrower shall promptly furnish to Lender all notices of amounts to be paid under this
Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any;
Funds for Escrow Items. Borrower shall pay to Lender on the day Periodic Payments are due under the Note, until the Note is paid in full, a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over this Security Instrument as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; (c) premiums for any and all insurance required by Lender under Section 5; and (d) Mortgage Insurance premiums, if any, or any sums payable by Borrower to Lender in lieu of the payment of Mortgage Insurance premiums in accordance with the provisions of Section 10. These items are called “Escrow Items.” At origination or at any time during the term of the Loan, Lender may require that Community Association Dues, Fees, and Assessments, if any, be escrowed by Borrower, and such dues, fees and assessments shall be an Escrow Item. Borrower shall promptly furnish to Lender all notices of amounts to be paid under this Section. Borrower shall
Funds for Escrow Items. I will pay to Servicer on the day payments are due under the Loan Documents as amended by this Agreement, until the Loan is paid in full, a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over the Mortgage as a lien or encumbrance on the Property;
Funds for Escrow Items. The Buyer is obligated to pay immediately when due and payable all general and special real estate taxes, special assessments, water charges, sewer service charges and other taxes, fees, liens, homeowner association assessments and charges now or hereafter levied or assessed or charged against the Property in whole or in part, including any already due. Seller is hereby authorized to and may pay the insurance and tax bills due for the Property. As part of Buyer’s monthly payment of the Murabaha Debt to Seller, Buyer will also pay a sum (the “Funds”) to provide for payment of amounts due for: (a) taxes and assessments and other items which can attain priority over the Security Documents as a lien or encumbrance on the Property; (b) leasehold payments or ground rents on the Property, if any; and (c) premiums for any and all insurance required by Seller under Section 14. These items are called “Escrow Items”.) Seller may, at any time, collect and hold Funds in an amount (a) sufficient to permit Seller to apply the Funds at the time specified under the Real Estate Settlement and Procedures Act (12 X.X.X. §0000 et seq.) and its implementing regulation, Regulation X (24 C.F.R. Part 3500), as they might be amended from time to time (“RESPA”), and (b) not to exceed the maximum amount a lender can require under RESPA. Seller shall estimate the amount of Funds due on the basis of current data and reasonable estimates of expenditures of future Escrow Items or otherwise in accordance with applicable law. Seller will establish an escrow account and set aside the Funds. Unless an agreement is made in writing or Applicable Law requires interest to be paid on the Funds, Seller shall not be required to pay Buyer any interest or earnings on the Funds. If Applicable Law requires interest to be paid on such Funds, Seller shall pay interest to Buyer and Buyer may donate it to a charity of his choosing. If there is a surplus of Funds held in escrow, as defined under RESPA, Seller shall account to Buyer for the excess funds in accordance with RESPA. If there is a deficiency of Funds held in escrow, as defined under RESPA, Seller shall notify Buyer as required by RESPA, and Buyer shall pay to Seller the amount necessary to make up the deficiency in accordance with RESPA, but in no more than 12 monthly payments. Upon payment in full of the Murabaha Debt, Seller shall promptly refund to Buyer any Funds held by Seller.
Funds for Escrow Items
