Common use of Damage, Destruction or Condemnation of the Property Clause in Contracts

Damage, Destruction or Condemnation of the Property. In the event that the Property is damaged or destroyed or title to the property, or any part thereof, is taken through the exercise or the threat of the exercise of the power of eminent domain, the Borrower shall comply with all applicable requirements of the Security Instrument and the other Borrower Loan Documents.

Appears in 4 contracts

Samples: Regulatory Agreement, Regulatory Agreement, Regulatory Agreement

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Damage, Destruction or Condemnation of the Property. In the event that the Property is damaged or destroyed or title to the property, or any part thereof, is taken through the exercise or the threat of the exercise of the power of eminent domain, the Borrower shall comply with all applicable requirements of the Security Instrument Deed of Trust and the other Borrower Loan Documents.

Appears in 2 contracts

Samples: Regulatory Agreement, Regulatory Agreement

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Damage, Destruction or Condemnation of the Property. In the event that the Property is damaged or destroyed or title to the property, or any part thereof, is taken through the exercise or the threat of the exercise of the power of eminent domain, the Borrower shall comply with all applicable requirements of the Security Instrument and Instrument, the other Borrower Loan DocumentsDocuments and the Junior Loan Agreement.

Appears in 1 contract

Samples: Regulatory Agreement

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