Interesting Phosphorus Facts. 1  Brand called the new element cold fire because it glowed in the dark. The name of the element comes from the Greek word phosphoros, which means bringer of light. The form of phosphorus Brand discovered was white phosphorus, which reacts with oxygen in air to produce a green-white light.
Purpose of Mortgage Escrow Account. A mortgage escrow is not the same as a real estate transaction escrow used by the buyer and the seller in the process of a home purchase. A mortgage escrow concerns the homeowner and the mortgage lender.or the homeowner, an escrow account provides a way to better budget property tax and insurance payments. Instead of having to come up with a lump sum when the bills are received, making smaller, monthly deposits into an escrow account reduces the possibility of funds shortage.
With an escrow account, the amount you owe in property taxes and homeowners insurance for the year is divided into 12 parts.Say your annual taxes are $3,000 and your insurance is $600. Your mortgage payment to your financial institution would include $300 each month to cover those costs.Without an escrow account, you'd have to pay $3,600 out of pocket when your insurance and tax bills are due.ay your annual taxes are $3,000 and your insurance is $600. Your mortgage payment to your financial institution would include $300 each month to cover those costs. Without an escrow account, you'd have to pay $3,600 out of pocket when your insurance and tax bills are due.