mortgage and Escrow clause

the Escrow clause, or impound clause, requires a borrower to make monthly deposits into an escrow account of money to pay such obligations as property taxes,casualty insurance premiums, or community association fees. the lender can use these escrow funds only for the purpose of paying the expected obligations on behalf of the borrower. Note that the obligations involved in some manner affect the ability of the lender to rely on the mortgaged property as security for the debt. the insurance must be paid to protect tax and association dues must be paid because both are secured by superior claims to the property, as explained below.