Common Contracts

2 similar Custodial Account Agreement contracts

Agreement for Servicer’s Custodial T & I Account
Custodial Account Agreement • January 27th, 2017

The above named Subservicer is hereby authorized and requested to establish a custodial account (“T&I Account”) with [Depository’s Name] the (“Depository”) to be specifically designated [PFI’s Name] “ ” subserviced by [Subservicer’s Name] , as Trustee of the Taxes and Insurance Custodial Account for the benefit of the Federal Home Loan Bank of Des Moines and its successors and assigns and mortgagors”. All deposits to the T&I Account shall be made in accordance with the requirements of the Guides and shall be subject to withdrawal therefrom by the PFI in its capacity as trustee for the Federal Home Loan Bank of Des Moines (“MPF Bank”) pursuant to the terms of the MORTGAGE PARTNERSHIP FINANCE® Participating Financial Institution Agreement dated [PFI Agreement Date] , 20 between [PFI Name] (“PFI”) and MPF Bank, and the terms of the Guides incorporated by reference therein, and shall also be subject to withdrawal therefrom by MPF Bank or such other entity as may be designated to the Deposi

Agreement for Servicer’s Custodial T & I Account
Custodial Account Agreement • January 27th, 2017

The above named Subservicer is hereby authorized and requested to establish a custodial account (“T&I Account”) with [Depository’s Name] the (“Depository”) to be specifically designated [PFI’s Name] “ ” subserviced by [Subservicer’s Name] , as Trustee of the Taxes and Insurance Custodial Account for the benefit of the Federal Home Loan Bank of Des Moines and its successors and assigns and mortgagors”. All deposits to the T&I Account shall be made in accordance with the requirements of the Guides and shall be subject to withdrawal therefrom by the PFI in its capacity as trustee for the Federal Home Loan Bank of Des Moines (“MPF Bank”) pursuant to the terms of the MORTGAGE PARTNERSHIP FINANCE® Participating Financial Institution Agreement dated [PFI Agreement Date] , 20 between [PFI Name] (“PFI”) and MPF Bank, and the terms of the Guides incorporated by reference therein, and shall also be subject to withdrawal therefrom by MPF Bank or such other entity as may be designated to the Deposi