Common use of Flood Clause in Contracts

Flood. If the Real Property is located in a special flood hazard area (that is, an area within the 100-year floodplain) according to the most current flood insurance rate map issued by the Federal Emergency Management Agency and if flood insurance is available, the Borrower shall maintain flood insurance coverage on all insurable elements of Real Property and of all tangible Personal Property.

Appears in 8 contracts

Samples: Deed of Trust, Security Agreement and Fixture Filing, Deed of Trust, Security Agreement and Fixture Filing (NNN Apartment REIT, Inc.), Deed of Trust, Security Agreement and Fixture Filing (United Investors Income Properties)

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Flood. If the Real Property is located in a special flood hazard area (that is, an area within the 100-year floodplain) according to the most current flood insurance rate map issued by the Federal Emergency Management Agency and if flood insurance is available, the Borrower Mortgagor shall maintain flood insurance coverage on of all insurable elements of Real Property and of all tangible Personal Property.

Appears in 2 contracts

Samples: Mortgage and Security Agreement (Reckson Associates Realty Corp), Mortgage (Corporate Office Properties Trust)

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