Mortgage escrow account definition

Mortgage escrow account or "escrow account" means an account
Mortgage escrow account. As defined in Section 8 (a) hereof.
Mortgage escrow account means an account created in

Examples of Mortgage escrow account in a sentence

  • UTMA/UGMA account 2= IOLTA account 3 = Mortgage escrow account 4 = Security deposits (incl.

  • All Mortgage Loan payments on account of taxes or insurance collected by the Participating Lending Institution with respect to a Mortgage Loan prior to the purchase of such Mortgage Loan shall be held in trust by the Participating Lending Institution in the Mortgage escrow account and shall be applied on behalf of the Mortgagor, as required.

  • Possible values: 0  Not a trust account; closed account 1  UTMA/UGMA account 2  IOLTA account 3  Mortgage escrow account 4  Security deposits (including Real Estate) 5  Other trust or escrow 6  Information not available Account Status Indicator 360 1 N Possible values: Enter “0” if the account is open.


More Definitions of Mortgage escrow account

Mortgage escrow account means “mortgage escrow account”
Mortgage escrow account or “escrow account” means an account which is part of a mortgage loan agreement, whether incorporated into the agreement or as part of a separately executed document, whereby: the mortgagor is obligated to make periodic payment to the mortgagee or his agent for taxes, insurance premiums, or other charges with respect to the real property which secures the mortgage loan; and the mortgagee or his agent is obligated to make payments for taxes, insurance premiums or other charges with respect to the real property which secures the mortgage loan.
Mortgage escrow account. As defined in Section 8(a) hereof. ----------------------- ------------

Related to Mortgage escrow account

  • Escrow Account The Eligible Account or Accounts established and maintained pursuant to Section 3.09(b).

  • Adjustment Escrow Account means the escrow account established pursuant to the Escrow Agreement in respect of the Adjustment Escrow Amount.

  • Escrow Accounts means any escrow account in which Escrowed Proceeds are deposited and held.

  • Professional Fee Escrow Account means an interest-bearing account funded by the Debtors with Cash on the Effective Date in an amount equal to the Professional Fee Amount.

  • Reserve Account Initial Deposit means cash or Eligible Investments having a value of at least $____________.

  • Custodial Account The separate account or accounts created and maintained pursuant to Section 4.04.

  • Reserve Fund Initial Deposit means the initial deposit of cash in the amount of $3,846,153.85 made by or on behalf of the Seller into the Reserve Fund on the Closing Date.

  • Reserve Funds means, collectively, the Tax and Insurance Escrow Fund, the Replacement Reserve Fund, the Required Repair Fund, the Initial Renovation Reserve Fund, the Interest Reserve Fund, the General Reserve Fund, any funds on deposit in the Construction Loan Reserve Account, any Shortfall Funds and any other escrow fund established pursuant to the Loan Documents.

  • Seller Account shall have the meaning set forth in the preamble of this Agreement.

  • Reserve Fund means the account designated as such, and established and maintained pursuant to Section 4.01.

  • Reserve Account means the account designated as such, established and maintained pursuant to Section 5.07.

  • Deposit Escrow Agreement has the meaning set forth in Section 2.2.

  • Interest Reserve Account The trust account or subaccount created and maintained by the Certificate Administrator pursuant to Section 3.23 of this Agreement, which (subject to any changes in the identities of the Trustee and/or the Certificate Administrator) shall be entitled “Citibank, N.A., as Certificate Administrator, on behalf of Wilmington Trust, National Association, as Trustee, for the benefit of the registered Holders of Citigroup Commercial Mortgage Trust 2019-C7, Commercial Mortgage Pass-Through Certificates, Series 2019-C7, Interest Reserve Account” and which shall be an Eligible Account.

  • Operating Account means a demand deposit account maintained at the Funding Bank in Borrower's name and designated for funding that portion of each Eligible Loan not funded by a Warehousing Advance made against that Eligible Loan and for returning any excess payment from an Investor for a Pledged Loan or Pledged Security.

  • Expense Reserve Account The trust account established pursuant to Section 10.3(d).

  • Escrow Payments With respect to any Mortgage Loan, the amounts constituting ground rents, taxes, assessments, water rates, sewer rents, municipal charges, mortgage insurance premiums, fire and hazard insurance premiums, condominium charges, and any other payments required to be escrowed by the Mortgagor with the mortgagee pursuant to the Mortgage or any other document.

  • Collection Account means the account designated as such, established and maintained pursuant to Section 5.1.