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, Avelo Mortgage, L.L.C., in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.” The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accounts. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner and, upon request, to any subsequent Owner. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereof, and retain therein:

Establishment of and Deposits to Escrow Account. The Servicer Seller 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, Avelo Mortgage, L.L.C."Greenpoint Mortgage Funding Inc., in trust for [insert Owner’s name] Xxxxxx Brothers Bank, FSB, purchaser of Conventional Residential Adjustable and Fixed and Adjustable Rate Mortgage Loans, Group No. 2003-FLOW, and various Mortgagors.” ". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer Seller in accordance with Section 2.075.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 E-1 hereto, in the case of an account established with the ServicerSeller, or by a letter agreement in the form of Exhibit 5 E-2 hereto, in the case of an account held by a depository other than the ServicerSeller. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent Ownerpurchaser. The Servicer Seller shall deposit in the Escrow Account or Accounts within two (2) not later than one Business Days of Date after receipt thereof, and retain therein:

Establishment of and Deposits to Escrow Account. The Servicer Seller 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, Avelo Mortgage“GreenPoint Mortgage Funding, L.L.C.Inc., in trust for [insert Owner’s name] Xxxxxx Brothers Bank, FSB, purchaser of Conventional Residential Adjustable and Fixed and Adjustable Rate Mortgage Loans, Group No. 2006-FLOW, and various Mortgagors.” ”. The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer Seller in accordance with Section 2.075.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 E-1 hereto, in the case of an account established with the ServicerSeller, or by a letter agreement in the form of Exhibit 5 E-2 hereto, in the case of an account held by a depository other than the ServicerSeller. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent Ownerpurchaser. The Servicer Seller shall deposit in the Escrow Account or Accounts within not later than two (2) Business Days of after receipt thereof, and retain therein:

Establishment of and Deposits to Escrow Account. The Interim 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, Avelo Mortgage, L.L.C.“Greenpoint Mortgage Funding Inc., in trust for [insert Owner’s name] Lxxxxx Brothers Bank, FSB Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2001- ____, and various Mortgagors.” ”. The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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, titledtitled “PNMAC Loan Svc LLC as agent, Avelo Mortgage, L.L.C., ITF ttee and/or bailee for PNMAC LLC and/or pmts of var mtgrs &/or owners of int in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.” lns- T&I”. The Escrow Accounts Account shall be established with a Qualified Depository, in Depository as a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit AccountsAccount. Funds deposited in the Escrow Account Accounts may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the ServicerServicer (provided the Servicer qualifies as a Qualified Depository), or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner and, upon request, on or prior to any subsequent Ownerthe execution of this Servicing Agreement. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:therein the following collections received by the Servicer (such collections being those received by Servicer within two Business Days prior to actual deposit into the Escrow Account):

Establishment of and Deposits to Escrow Account. The Interim 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, Avelo Mortgage, L.L.C."Fremont Investment & Loan, in trust for [insert Owner’s name] Goldman Sachs Mortgage Company Residential Fixed and Adjustable Rate Mortgage Loans, Moxxxxxx Lxxxx and various Mortgagors.” ". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agenciesthereunder. The Interim Servicer and the Owner Purchaser intend that the Escrow Accounts be Special Deposit Accountsspecial deposit accounts. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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, Avelo Mortgage, L.L.C., in trust for [insert Owner’s name] Xxxxxxx Sachs Mortgage Company Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.” The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accounts. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner and, upon request, to any subsequent Owner. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereof, and retain therein:

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, Avelo Mortgage, L.L.C., accounts titled in trust the name of “PNMAC Loan Svc LLC ttee and/or bailee for [insert Owner’s name] Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.description of applicable owners or investors]” The or titled in another reasonable manner indicating that such account is held in a custodial capacity. Each Escrow Accounts Account shall be established with a Qualified Depository, in Depository as a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit AccountsAccount. Funds deposited in the Escrow Account Accounts may be drawn on by the Servicer in accordance with Section 2.074.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the ServicerServicer (provided the Servicer qualifies as a Qualified Depository), or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner and, upon request, on or prior to any subsequent Ownerthe execution of this Agreement. The Servicer shall segregate and hold all funds in any Escrow Account separate and apart from the Servicer’s own funds and general assets. With respect to the Non-Agency Mortgage Loans, the Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereof, and retain thereintherein the following collections received by the Servicer:

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, Avelo Mortgage, L.L.C., in trust for [insert Owner’s name] Goldman Sachs Mortgage Company Residential Fixed and Adjustable Rate Mortgage Raxx Xxxxgage Loans, and various Mortgagors.” " The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accounts. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner and, upon request, to any subsequent Owner. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereof, and retain therein:

Establishment of and Deposits to Escrow Account. The Interim 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, Avelo Mortgage, L.L.C."Greenpoint Mortgage Funding Inc., in trust for [insert Owner’s name] Xxxxxx Brothers Bank, FSB Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2001- ____, and various Mortgagors.” ". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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, Avelo Mortgage“GMAC Mortgage Corporation, L.L.C.as servicer, in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate the benefit of the Holders of Lxxxxx XS Trust Mortgage LoansPass-Through Certificates, and various MortgagorsSeries 2006-GP4.” The Escrow Accounts shall be Eligible Deposit Accounts established with a Qualified Depository, an Eligible Institution in a manner which that shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.073.06. The creation of any Escrow Account by the Servicer shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 C hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification letter agreement shall be furnished to the Owner and, upon request, to any subsequent OwnerMaster Servicer and the NIMS Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofreceipt, and retain therein:

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, Avelo “GMAC Mortgage, L.L.C.LLC, as servicer, in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate the benefit of the Holders of Xxxxxx XS Trust Mortgage LoansPass-Through Certificates, and various Mortgagors.Series 2007-4N.” The Escrow Accounts shall be Eligible Deposit Accounts established with a Qualified Depository, an Eligible Institution in a manner which that shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.073.06. The creation of any Escrow Account by the Servicer shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 C hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification letter agreement shall be furnished to the Owner and, upon request, to any subsequent OwnerMaster Servicer and the NIMS Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

Establishment of and Deposits to Escrow Account. The Interim 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, Avelo Mortgage“GreenPoint Mortgage Funding, L.L.C.Inc., in trust for [insert Owner’s name] Xxxxxxx Sachs Mortgage Company Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.” ”. The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agenciesthereunder. The Interim Servicer and the Owner Purchaser intend that the Escrow Accounts be Special Deposit Accountsspecial deposit accounts. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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, Avelo Mortgage, L.L.C."Household Finance Corporation, in trust for [insert Owner’s name] Xxxxxx Brothers Bank FSB, Residential Fixed and Adjustable Rate Mortgage Loans, Group No. 2002-1 and various Mortgagors.” ". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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 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, Avelo Mortgage, L.L.C., in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate Mortgage Loans, and various Mortgagors.” . The Escrow Account or Accounts shall be established with a Qualified Depository, in . If the Custodial Account is held at a manner Qualified Depository the deposit accounts of which shall provide maximum available insurance are insured by the FDIC and as otherwise acceptable FDIC, any funds deposited in the Custodial Account shall at all times be insured to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsfull extent permitted under applicable law. Funds deposited in the Escrow Account Accounts may be drawn on by the Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Servicer shall deposit in the Escrow Account or Accounts within two (2) one Business Days Day of receipt thereofreceipt, and retain therein:

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, Avelo Mortgageas directed by the Master Servicer, L.L.C., “Aurora Loan Services LLC in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate the Trustee for the Structured Asset Securities Corporation Mortgage LoansPass-Through Certificates, and various MortgagorsSeries 2007-BC1.” The Each Escrow Accounts Account shall be an Eligible Deposit Account established with a Qualified Depository, an Eligible Institution in a manner which that shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.073.06. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Servicer. C. A copy of such certification or letter agreement shall be furnished to the Owner Master Servicer and the NIMS Insurer no later than 30 days after the Closing Date and, upon request, to any subsequent Ownerowner of the Mortgage Loans. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

Establishment of and Deposits to Escrow Account. The Interim 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, Avelo Mortgage, L.L.C."Greenpoint Mortgage Funding Inc., in trust for [insert Owner’s name] Residential Lehman Brothers Bank, FSB Xxxxxential Fixed and Adjustable Rate Mortgage Loans, Group No. 2001- ____, and various Mortgagors.” ". The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

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, Avelo Mortgage“GMAC Mortgage Corporation, L.L.C.as servicer, in trust for [insert Owner’s name] Residential Fixed and Adjustable Rate the benefit of the Holders of Lxxxxx XS Trust Mortgage LoansPass-Through Certificates, and various Mortgagors.Series 2006-12N.” The Escrow Accounts shall be Eligible Deposit Accounts established with a Qualified Depository, an Eligible Institution in a manner which that shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agencies. The Servicer and the Owner intend that the Escrow Accounts be Special Deposit Accountsthereunder. Funds deposited in the Escrow Account may be drawn on by the Servicer in accordance with Section 2.073.06. The creation of any Escrow Account by the Servicer shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Servicer, or by a letter agreement in the form of Exhibit 5 C hereto, in the case of an account held by a depository other than the Servicer. A copy of such certification letter agreement shall be furnished to the Owner and, upon request, to any subsequent OwnerMaster Servicer and the NIMS Insurer. The Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein:

Establishment of and Deposits to Escrow Account. The Interim 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, accounts titled, Avelo Mortgage, L.L.C."New Century Mortgage Corporation, in trust for [insert Owner’s name] Goldman Sachs Mortgage Company Residential Fixed and Adjustable Rate Mortgage Raxx Xxxxgage Loans, and various Mortgagors.” " The Escrow Accounts shall be established with a Qualified Depository, in a manner which shall provide maximum available insurance by the FDIC and as otherwise acceptable to the Rating Agenciesthereunder. The Servicer and the Owner parties hereto intend that the Escrow Accounts Account shall be Special Deposit Accountsa special deposit account. Funds deposited in the Escrow Account may be drawn on by the Interim Servicer in accordance with Section 2.07. The creation of any Escrow Account shall be evidenced by a certification in the form of Exhibit 4 hereto, in the case of an account established with the Interim Servicer, or by a letter agreement in the form of Exhibit 5 hereto, in the case of an account held by a depository other than the Interim Servicer. A copy of such certification shall be furnished to the Owner Purchaser and, upon request, to any subsequent OwnerPurchaser. The Interim Servicer shall deposit in the Escrow Account or Accounts within two (2) Business Days of receipt thereofon a daily basis, and retain therein: