Common use of Borrower’s Representations Clause in Contracts

Borrower’s Representations. Borrower represents and warrants as follows: (a) Except as expressly Approved by Lender in writing, no casualty or damage to any part of the Property which would cost more than $50,000 to restore or replace has occurred which has not been fully restored or replaced. (b) No part of the Property has been taken in condemnation or other similar proceeding or transferred in lieu of condemnation, nor has Borrower received notice of any proposed condemnation or other similar proceeding affecting the Property. (c) There is no pending proceeding for the total or partial condemnation of the Property.

Borrower’s Representations. Borrower represents and warrants as follows: (a) Except as expressly Approved approved by Lender in writing, no casualty or damage to any part of the Property which would cost more than $50,000 500,000.00 to restore or replace has occurred which has not been fully restored or replaced. (b) No part of the Property has been taken in condemnation or other similar proceeding or transferred in lieu of condemnation, nor has Borrower received notice of any proposed condemnation or other similar proceeding affecting the Property. (c) There is no pending proceeding for the total or partial condemnation of the Property.

Borrower’s Representations. Borrower represents and warrants as follows: (a) Except as expressly Approved approved by Lender in writing, no casualty or damage to any part of the Property which would cost more than $50,000 to restore or replace has occurred which has not been fully restored or replaced. (b) No part of the Property has been taken in condemnation or other similar proceeding or transferred in lieu of condemnation, nor has Borrower received notice of any proposed condemnation or other similar proceeding affecting the Property. (c) There is no pending proceeding for the total or partial condemnation of the Property.

Borrower’s Representations. Borrower represents and warrants as follows: (a) Except as expressly Approved approved by Lender in writing, no casualty or damage to any part of the Property which would cost more than $50,000 to restore or replace has occurred which has not been fully restored or replaced. (b) No part of the Property has been taken in condemnation or other similar proceeding or transferred in lieu of condemnation, nor has Borrower received notice of any proposed condemnation or other similar proceeding affecting the Property. (c) There is no pending proceeding for the total or partial condemnation of the Property.