Pledge, Mortgage or Charge as Collateral for a Loan You may pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan, provided that no escrow securities or any share certificates or other evidence of escrow securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the escrow securities will remain in escrow if the lender realizes on the escrow securities to satisfy the loan.
Pledge, Mortgage or Charge. AS COLLATERAL FOR A LOAN Securityholders may pledge, mortgage or charge their Escrow Securities to a financial institution as collateral for a loan, provided that no Escrow Securities or any share certificates or other evidence of Escrow Securities will be transferred or delivered by the Escrow Agent to the financial institution for this purpose. The loan agreement must provide that the Escrow Securities will remain in escrow if the lender realizes on the Escrow Securities to satisfy the loan.
Pledge, Mortgage or Charge as Collateral for a Loan You may pledge, mortgage or charge your pool securities to a financial institution as collateral for a loan, provided that no pool securities or any share certificates or other evidence of pool securities will be transferred or delivered by the Agent to the financial institution for this purpose. The loan agreement must provide that the pool securities will remain in pool if the lender realizes on the pool securities to satisfy the loan.
Pledge, Mortgage or Charge as Collateral for a Loan You may not pledge, mortgage or charge your escrow securities to a financial institution as collateral for a loan.
