Flood Insurance Coverage. As to each Mortgaged Property, the amount of Flood Insurance must be at least equal to the lesser of (a) the maximum amount available under the National Flood Insurance Program's regular program or its emergency program, (b) the Unpaid Principal Balance of the related Mortgage Loan or (c) 100% of the replacement cost of the improvements on the Mortgaged Property.
Appears in 71 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-9 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-4 Trust), Servicing Agreement (Wells Fargo Alternative Loan 2007-Pa3 Trust)
Flood Insurance Coverage. As to each Mortgaged Property, the amount of Flood Insurance must be at least equal to the lesser least of (a) the maximum amount available under the National Flood Insurance Program's regular program or its emergency program, (b) the Unpaid Principal Balance of the related Mortgage Loan or (c) 100% of the replacement cost of the improvements on the Mortgaged Property.
Appears in 5 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008-Ar2 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2008 -1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-17 Trust)
Flood Insurance Coverage. As to each Mortgaged Property, the amount of Flood Insurance must be at least equal to the lesser of (a) the maximum amount available under the National Flood Insurance Program's ’s regular program or its emergency program, (b) the Unpaid Principal Balance of the related Mortgage Loan or (c) 100% of the replacement cost of the improvements on the Mortgaged Property.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
