Common use of Flood Insurance Applicability Clause in Contracts

Flood Insurance Applicability. If the preceding box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. As evidenced by the signature below of their authorized representative, the Owner and HUD hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a) of the HAP Contract. Name of Owner (Print or Type) By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent

Flood Insurance Applicability. If the preceding adjacent box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. As evidenced by the signature below of their authorized representative, the Owner and HUD hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a) of the HAP Contract. Name of Owner (Print or Type) By _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ By: Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): By By: Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross RentAllowance

Flood Insurance Applicability. If the preceding box is checked, the Owner agrees that the project will be covered, during the life of the property, regardless of transfer of ownership, by flood insurance in an amount at least equal to its development or project cost (less estimated land cost) or to the maximum limit of coverage made available with respect to the particular type of property under the National Flood Insurance Act of 1968, whichever is less. As evidenced by the signature below of their authorized representative, the Owner and HUD hereby agree to the terms of this HAP Contract, the scope of which is set forth in section 1.2(a) of the HAP Contract. Name of Owner (Print or Type) By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Official Title (Print or Type) _ _ _ Date (mm/dd/yyyy): By Signature of authorized representative Name of Signatory (Print or Type) _ _ _ _ Xxxxxx X. Xxxxx Official Title (Print or Type) _ _ _ Director, Office of Recapitalization Date (mm/dd/yyyy): Number of Contract Units Number of Bedrooms Contract Rent Utility Allowance Gross Rent