Flood Area. The federal and state governments have designated certain areas as "flood areas". This means they are more likely to have floods than other areas. If this property is in a flood area the Buyer may cancel this contract within 30 days of the signing of this contract by all parties.
Flood Area. Except as may be disclosed on the survey respecting the Real Property, to Transferor's knowledge, no portion of the Real Property is within any flood plain area as designated by the maps of the Federal Emergency Management Agency (FEMA maps) or any other governmental or quasi-governmental flood control agency.
Flood Area. After Beneficiary’s request, Grantor shall deliver evidence satisfactory to Beneficiary that no portion of the Improvements is situated in a federally designated “special flood hazard area.”
Flood Area. Buyer _may may not terminate this Agreement if the Property lies in an 109 NFIP designated flood hazard area. 110
Flood Area. Prior to the initial Advance of each Interim Construction Loan, the Borrower shall deliver to the Lender evidence satisfactory to the Lender that the Improvements covered thereby will not be situated in an area that has been identified by the Secretary of Housing and Urban Development as an area having special flood hazards. Should it be determined, however, that any of the Improvements are to be situated in an area identified as having special flood hazards, the Lender may require flood insurance with maximum limits of coverage and may require that the full premium thereof be paid in full prior to any advance hereunder. The flood insurance policy or policies shall all be in for~n and substance satisfactory to the Lender.
Flood Area. Buyer may may not terminate this Contract if the Property requires flood insurance or is subject
Flood Area. The Borrower shall have either furnished to the Original Purchaser evidence that the real estate comprising the Project is not located in a flood hazard area as defined under the Flood Disaster Protection Act of 1973 and the National Flood Insurance Act of 1968 or furnished to the Original Purchaser evidence of flood insurance coverage, with a standard mortgagee endorsement in favor of the Original Purchaser, such insurance to be with a company and in an amount acceptable to Original Purchaser.
Flood Area. The Project is located in or on an “area of special flood hazard,” as that term is defined in the National Flood Insurance Act of 1968.
Flood Area. The Project will not be located in or on an “area of special flood hazard,” as that term is defined in the National Flood Insurance Act of 1968.
Flood Area. The federal and state governments have designated certain areas as "flood areas." Seller and Buyer acknowledge that the Property is located in a flood area. See Exhibit A. Buyer shall secure its own flood insurance at its option.
