Insurance Escrow Funding
You may choose not to fund monthly escrow deposits for insurance premiums for a Tier 3 or Tier 4 Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents or a mortgage debt obligation with a Fannie Mae credit enhancement. .
If you choose not to fund monthly deposits for insurance premiums, you must require the BorrowerBorrowerPerson who is the obligor under the Note. to provide annual proof of payment of all insurance premiums.