Master Agreement for Servicer's Principal and Interest Custodial Account

• Legal Form Number: HUD-11709
• Issuer: Ginnie Mae
• Section: Ginnie Mae

For Reference Purposes Only – Not Valid for Submission

Renewal

_

U.S. Department of Housing

and Urban Development

Government National Mortgage Association

OMB Approval No. 2503-0033 (Exp. 04/30/2026)

Master Agreement for

Servicer’s Principal and

Interest Custodial Account

Public reporting burden for this collection of information is estimated to average 2 minute per response, including the time for reviewing instructions,

searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection of information. This agency may

not collect this information, and you are not required to complete this form, unless it displays a currently valid OMB control number.

The information is required by Sec. 306(g) of the National Housing Act or by Ginnie Mae Handbook 5500.3, Rev. 1. The information is required to serve

as evidence to the establishment of a master principal and interest custodial account for the deposit of sums payable under mortgages pooled for, and

guaranteed by, Ginnie Mae in connection with MBS, and that all such amounts shall be payable to Ginnie Mae on demand and without notice. The

information collected will not be disclosed outside the Department except a required by law.

P & I Bank ID Number (ABA/Federal Routing Number) Date

Initial

Name and Address of Institution (and Branch) (Include full address.) The attached list of Pools and Loan Packages is covered by this Agreement

P&I Custodial Account P&I Disburs ement Account

You are hereby authorized and requested to establish a custodial account to be specifically designated

“ Trustee of Principal

and Interest Custodial Account or Principal and Interest Disbursement Account for Various Ginnie Mae Mortgage-Backed Securities Pools

or Loan Packages" issued by the Issuer that are designated to use this account as shown on the form HUD-11705 or form HUD 11705H

for each securities issue. All deposits made in such account shall be subject to withdrawal therefrom signed by the Issuer named below,

and shall also be subject to withdrawal therefrom by the Government National Mortgage Association. No agent of the Issuer or any other

party shall be authorized to withdraw funds from the account. You are also authorized to pay immediately to the Government National

Mortgage Association at any time upon its written demand, which need not name a specific amount, the entire amount in such account.

This demand shall be made in Ginnie Mae's sole discretion.

You are further authorized upon request of the Government National Mortgage Association to refuse to honor any instruments drawn

upon such account by parties other than the Government National Mortgage Association and to change the name of the aforesaid account

to "Government National Mortgage Association." In no instance shall the funds in the Principal and Interest Custodial Account or Principal

and Interest Disbursement Account be used to offset funds which may have been advanced to, or on behalf of, the Issuer or any other

entity by the custodian institution.

This agreement is submitted to you in duplicate. Please execute the duplicate copy of the certificate below, acknowledging the existence

of this agreement, so that we may present the copy signed by you to the Government National Mortgage Association or its agent.

Name of Issuer Issuer ID Number

Signature Title

The undersigned institution certifies to the Government National Mortgage Association that the account above identified is in existence

in this institution under account number _____________________________________ and agrees with the Issuer named above and the

Government National Mortgage Association to honor demands on such account in the manner provided in the above agreement. The

undersigned institution further agrees upon the request of the Government National Mortgage Association to refuse to honor any

instruments drawn upon such account by parties other than the Government National Mortgage Association and to change the name of

the aforesaid account to "Government National Mortgage Association." This demand shall be made in Ginnie Mae's sole discretion. In no

instance shall the funds in the Principal and Interest Custodial Account or Principal and Interest Disbursement Account be used to offset

funds which may have been advanced to, or on behalf of, the Issuer or any other entity by the custodian institution. Deposits in this

institution are insured by the Federal Deposit Insurance Corporation or the National Credit Union Administration, and this institution meets

the requirements specified in the Ginnie Mae Mortgage-Backed Securities Guide, Rev. 1.

Name of Institution

Title

By

Date

form HUD-11709 (10/2007)

Previous editions are obsolete; replaces HUD-11709-M Page 1 of 1 ref. Ginnie Mae Handbook 5500.3, Rev. 1