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Agreement for Direct Payment of Taxes, Assessments, and/or Insurance and Waiver of Escrow to be held by Lender template - Download from Loans and Lending-Loan Agreements

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Document Description
Escrow is an individual account created by lender after taking the mortgage. Specific portion of payment which has been paid to lender goes into escrow account. Further, those escrow funds can be used to pay the insurances and property taxes. The waiver of escrow template is generic agreement which can be referred in formulating such agreement in future for specific state. However, local commandments or laws should be considered.
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