Account Requirements. Each Custodial T&I Account is to be designated in the name of the Servicer acting as an agent for the individual related Borrowers to make such Escrow Item payments in order to show that the account is custodial in nature. The Servicer is required to keep records identifying each Borrower's payment deposited into the account.
Appears in 75 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-12 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-Ar10 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-19 Trust)
Account Requirements. Each Custodial T&I Account is to be designated in the name of the Servicer acting as an agent for the individual related Borrowers to make such Escrow Item payments in order to show that the account is custodial in nature. The Servicer is required to keep records identifying each Borrower's ’s payment deposited into the account.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
Account Requirements. Each Custodial T&I Account is to be designated in the name of the Servicer acting as an agent for the individual related Borrowers to make such Escrow Item payments in order to show that the account is custodial in nature. The Servicer is required to keep records identifying each Borrower's payment deposited into the account. 6.3.4.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-7 Trust)
