The 4000 series Replacement Reserve and Security Agreement (Form 4606), or other agreement approved by Fannie MaeFannie MaeThis Glossary term Is Created Using Automation in Lower Environments and is used for testing purposes only!! , that evidences the:

• Borrower’sBorrower’sPerson who is the obligor per the Note. agreement to replace identified capital items and perform required maintenance;
• terms for funding the identified capital item replacement and maintenance; and
• disbursement of Replacement ReserveReplacement ReserveCustodial Account the Borrower funds during the Mortgage Loan term for Replacements. funds.