AMERINAT (AMERINATIONAL COMMUNITY SERVICES, INC. FKA UNITED STATES ESCROW)

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If the Client chooses to establish an escrow/impound account, Servicer-will track and reconcile advances made by Servicer on borrower accounts with escrow•deficits as a result of payments made • on the borrower's behalf In excess of their escrow balance. Escrow advances will-be reconclled monthly,and netted against escrow payments collected from the borrowers. The net change will be included ordeducted fromthe Client's monthly remittance;a net shortage/negative will be deducted and a net overage/positive will be remitted:Advances made by Servicer that are not reimbursed by the Client the following month will be subject to an Interest charge oil% per month compounded until such time said reimbursement occurs. Regardless of whether or not the net shortage/negative Is deducted from remittance at the end of the month, the Client remains responsible for escrow advances made by Servicer. At portfolio transfer Servicer will require a cash deposit equal to the total amount of positive escrow balances,NegatlVe escrow balanceswill beset up,but the total amount Of negative escrow balances will not be netted out of the positive cash escrow balances. Should recurring advances become necessary,Servicer reserves'the right to requesttheCllent to deposit an amount into reserve to cover 'thee nticlpated..necessaryadvaraces. 7. Late Fees: In keeping with the provisions of the Client's promissory note,Servicer will assess and retain a late fee when payment is not made within the grace period. Lender Placed Insurance In accordance with respective regulation, upon notification of a policy cancellation from the borrower's insurance carrier,or when proof of a current policy is not received,Servicer will request lender-placed insurance from Servicer's insurance provider. Servicer executes the force-placement of insurance on a portfolio.wide level,meaning it Is done for all-loans in the portfolio for which insurance'haS lapsed.If the Client wishes to select loans for the force placement of insurance on an "as requested" basis, it will he the Client's,responsibility to verify the placement has been completed by Servicer:This.quality control • step aids in ensuring thatthe Client's instructlons.were received by Servicer,usually via email. The Client can review the coverage through monthly reports from Servicer indicating insurance status. 1. Coverage is bound uponreceipt of request with an effective date up to 90 days prior to receipt of the request. 2. Servicer's insurance provider or their carrier will send out three letters to the borrower over the course of forty-five days. If the borrower provides proof of coverage,lender-placed coverage will be cancelled. 3. lithe effective date of this coverage is the same and there is no lapse in coverage, there will be no premium charged:.if there is a lapse In coverage, there may be a fee charged to the borrower's account for anearned premium. 4. If the borrower does not provide proof of coverage, Servicer's insurance provider will send an insurance policy and notification of premium to the borrower and bill Servicer for a one-year policy. If the borrower does not have an established Impound account,Servicer will create one and disburse the premium from It. If the borrower fails to pay the premium before the end of the month,and the disbursed premium results in an escrow deficit balance, the balance will be accounted for in that month's reconciliation of the Client Escrow Deficit Account, if the aggregate portfolio remittance for the month is insufficient to cover the deficit amount,the Client will be billed and responsible for the