Common use of Establishment of and Deposits to Escrow Account Clause in Contracts

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC2.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Sail 2006-Bnc2)

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Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. LaSalle Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC22.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Structured Asset Investment Loan Trust 2005-2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. HomEq Servicing Corporation in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 20062005-BNC2.” HE1”. The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no No later than 30 days after the Closing Date (and a copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis, within two (2) Business Days of the Servicer’s receiptreceipt thereof, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-He1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. HomEq Servicing Corporation in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 20062005-BNC2.” HE3”. The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no No later than 30 days after the Closing Date (and a copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis, within two (2) Business Days of the Servicer’s receiptreceipt thereof, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-He3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Securities Corporation Mortgage Loan Trust, Series Trust 2006-BNC2BC1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Bc1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC2HE2.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-He2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FFA.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ffa)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC22.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sail 2006-2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 20062005-BNC2FF3.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC210.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-10)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, as directed by the Master Servicer, Xxxxx Fargo Bank, N.A. Aurora Loan Services LLC in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 2006Securities Corporation 2005-BNC2GEL2 trust fund.” The Each Escrow Accounts Account shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A C. No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer and, upon request), to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Servicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. HomEq Servicing Corporation in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 20062005-BNC2.” HE2”. The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no No later than 30 days after the Closing Date (and a copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis, within two (2) Business Days of the Servicer’s receiptreceipt thereof, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Investment Loan Trust 2005-He2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx National City Home Loan Services, Inc. in trust for Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FF17.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff17)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Wells Fargo Bank, N.A. in trust for U.S. LaSalle Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006Securxxxxx Corporation Trust 2005-BNC2WMC1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer Insurer, upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (SASCO Mortgage Pass-Through Certifidates, Series 2005-Wmc1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankXxxxxx, N.A. Bean & Xxxxxxxx Mortgage Corp., in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TBW Mortgage-Backed Trust, Series 2006-BNC23.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Date. The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (TBW 2006-3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Securities Corporation Mortgage Loan Trust, Series 2006Trust 2007-BNC2BC3.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006the SASCO 2007-BNC2EQ1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2007-Eq1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC28.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-8)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC211.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-11)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC24.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-4)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC2BNC3.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sail 2006-Bnc3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TrustSecurities Corporation, Series 20062005-BNC2AR1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Securities Corp 2005-Ar1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Securities Corporation Mortgage Loan Trust, Series 2006-BNC2NC1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Nc1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC29.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-9)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the BNC Mortgage Loan Trust, Series 2006Trust 2007-BNC21 and various mortgagors.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (BNC Mortgage Loan Trust 2007-1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx National City Home Loan Services, Inc. in trust for Wxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FF15.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff15)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC24.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-4)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National AssociationAssociation , as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FF2.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, as directed by the Master Servicer, Xxxxx Fargo Bank, N.A. Aurora Loan Services LLC in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 2006Securities Corporation 2005-BNC2GEL3 trust fund.” The Each Escrow Accounts Account shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A C. No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer and, upon request), to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Servicing Agreement (SASCO Mortgage Loan Trust Series 2005-Gel3)

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Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FF10.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff10)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankTayxxx, N.A. Xean & Whixxxxx Xxrtgage Corp., in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TBW Mortgage-Backed Trust, Series 2006-BNC24.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionAccounts. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.063.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Date. The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (TBW Mortgage-Backed Trust Series 2006-4)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. HomEq Servicing Corporation in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan TrustSecurities Corporation, Series 20062005-BNC2.” AR1”. The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no No later than 30 days after the Closing Date (and a copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis, within two (2) Business Days of the Servicer’s receiptreceipt thereof, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities Corp 2005-Ar1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 20062005-BNC2FF9.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2005-Ff9)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankNational City Home Loan Services, N.A. Inc. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the First Franklin Mortgage Loan Trust, Series 2006-BNC2FF14.” The Escrow Accounts shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (First Franklin Mortgage Loan Trust 2006-Ff14)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Welxx Xxrgo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the BNC Mortgage Loan Trust, Series Trust 2006-BNC22.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (BNC Mortgage Loan Trust 2006-2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, titled Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 2006-BNC23.” The Each Escrow Accounts Account shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. C. A copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer no later than 30 days after the Closing Date (and to the NIMS Insurer and, upon request), to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Servicing Agreement (Sail 2006-3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankTxxxxx, N.A. Bean & Wxxxxxxx Mortgage Corp., in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TBW Mortgage-Backed Trust, Series 20062007-BNC22.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionAccounts. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.063.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Date. The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (TBW Mortgage-Backed Trust Series 2007-2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC23.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TrustSecurities Corporation, Series 20062005-BNC2RMS1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Subservicing Agreement (Structured Asset Securities Corp. 2005-Rms1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC21.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2006-1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 20062005-BNC2HE3.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Structured Asset Investment Loan Trust 2005-He3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo BankXxxxxx, N.A. Bean & Xxxxxxxx Mortgage Corp., in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan TBW Mortgage-Backed Trust, Series 2006-BNC22.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request)Date. The Servicer shall deposit in the Escrow Account or Accounts within two one (21) Business Days Day of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (TBW 2006-2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, as directed by the Master Servicer, Xxxxx Fargo Bank, N.A. Aurora Loan Services LLC in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Loan Trust, Series 2006Securities Corporation 2005-BNC2GEL4 trust fund.” The Each Escrow Accounts Account shall be an Eligible Deposit Accounts Account established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A C. No later than 30 days after the Closing Date, a copy of such certification or letter agreement shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer and, upon request), to any subsequent owner of the Mortgage Loans. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipton a daily basis, and retain therein:

Appears in 1 contract

Samples: Servicing Agreement (Structured Asset Securities Corporation, 2005-Gel4)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Securities Corporation Mortgage Loan Trust, Series 2006-BNC2AM1.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sasco 2006-Am1)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment Loan Trust, Series 2006-BNC23.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (Sail 2006-3)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. HomEq Servicing in trust for U.S. Bank National Association, as Trustee for the Structured Asset Investment Securities Corporation Mortgage Loan Trust, Series 2006Trust 2007-BNC2BC2.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible InstitutionInstitution in a manner that shall provide maximum available insurance thereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification letter agreement in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no No later than 30 days after the Closing Date (and a copy of such certification or letter agreement shall be furnished to the Master Servicer and the NIMS Insurer upon request)Insurer. The Servicer shall deposit in the Escrow Account or Accounts on a daily basis, within two (2) Business Days of the Servicer’s receiptreceipt thereof, and retain therein:

Appears in 1 contract

Samples: Securitization Servicing Agreement (Structured Asset Securities CORP Mortgage Loan Trust 2007-Bc2)

Establishment of and Deposits to Escrow Account. The Servicer shall segregate and hold all funds collected and received pursuant to a Mortgage Loan constituting Escrow Payments separate and apart from any of its own funds and general assets and shall establish and maintain one or more Escrow Accounts, in the form of time deposit or demand accounts, titled, “Xxxxx Fargo Bank, N.A. in trust for U.S. Bank National Association, as Trustee for Structured Asset Investment the BNC Mortgage Loan Trust, Series Trust 2006-BNC21.” The Escrow Accounts shall be Eligible Deposit Accounts established with an Eligible Institution. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 3.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit C hereto. A copy of such certification shall be furnished to the Master Servicer no later than 30 days after the Closing first Servicing Transfer Date (and to the NIMS Insurer upon request). The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of the Servicer’s receipt, and retain therein:

Appears in 1 contract

Samples: Subservicing Agreement (BNC Mortgage Loan Trust 2006-1)

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