Replacement Reserve
Requirements
You must ensure the Replacement ReserveReplacement ReserveCustodial Account funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. is funded as follows:
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The Property
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The BorrowerBorrowerPerson who is the obligor per the Note. must fully fund the Replacement ReserveReplacement ReserveCustodial Account funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. . |
The Property
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You must determine the Replacement ReserveReplacement ReserveCustodial Account funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. funding per Part II, Chapter 4: Inspections and Reserves, Section 404: Replacement Reserve.
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The Property is located in
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You must determine the Replacement ReserveReplacement ReserveCustodial Account funded during the Mortgage Loan term for major maintenance and replacing capital items per the Loan Documents. funding per Part II, Chapter 4: Inspections and Reserves, Section 404: Replacement Reserve. |