Hazard and Related Insurance. All improvements upon the Mortgaged Property are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the required coverage amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements. All such insurance policies are in full force and effect, all premiums with respect to such policies have been paid, and all provisions of such insurance policies have been and are being complied with. There has been no act or omission of the Seller or any Prior Servicer that would or may invalidate any such insurance, there has been no event or condition which may result in the revocation, cancellation or expiration of such coverage, and the insurance is or, when issued, will be, and will remain in full force and effect with respect to each Mortgage Loan. There are no defenses, counterclaims, or rights of set-off against the Seller affecting the validity or enforceability of any such insurance.
Hazard and Related Insurance. All improvements upon the Mortgaged Property are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the amount, by the Insurer and otherwise in the manner as may be required by Applicable Requirements. All such insurance policies are in full force and effect, and all premiums with respect to such policies have been paid.
Hazard and Related Insurance. All improvements upon each Mortgaged Property related to a Primary Mortgage Loan are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements. There has been no unremedied act or omission of the Seller that would or may invalidate any such insurance, there has been no unremedied event or condition which may result in the revocation, cancellation or expiration of such coverage, and the insurance is or, when issued, will be, and will remain in full force and effect with respect to each Mortgage Loan. There are no defenses, counterclaims, or rights of set-off against the Seller affecting the validity or enforceability of any such insurance.
Hazard and Related Insurance. All improvements upon the Mortgaged Property are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the required coverage amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements. All such insurance policies are in full force and effect, all premiums with respect to such policies have been paid, and all provisions of such insurance policies have been and are being complied with. As of the Sale Date and Servicing Transfer Date, there has been no act or omission of the Seller or any Prior Servicer that would or may invalidate any such insurance, there has been no event or condition which may result in the revocation, cancellation or expiration of such coverage, and the insurance is or, when issued, will be, in full force and effect with respect to each Mortgage Loan. As of the Sale Date and Servicing Transfer Date, there are no defenses, counterclaims, or rights of set-off against the Seller affecting the validity or enforceability of any such insurance.
Hazard and Related Insurance. All improvements upon the Mortgaged Property are insured against loss by fire, hazards of extended coverage, and such other hazards as is customary in the area in an amount that is at least equal to the outstanding principal balance of the Loan, subject to Applicable Requirements that limit the amount of such insurance that may be required. The insurance policy is in a form, and is issued by an Insurer, that is acceptable to (i) the applicable Agency and Investor with respect to the Mortgage Loan, or (ii) if the applicable Investor does not specify standards for the form of policy or Insurer, Xxxxxx Xxx with respect to the Mortgage Loan. If the Mortgaged Property is in an area identified by the Federal Emergency Management Agency as having special flood hazards, then the Mortgaged Property is covered by a flood insurance policy that is in a form, and is issued by an insurer, acceptable to the applicable Agency and Investor, and the policy is in an amount that is at least equal to (i) the outstanding principal balance of the Mortgage Loan, or (ii) the maximum amount of insurance that is available under the Flood Disaster Protection Act of 1973, whichever is less; provided, however, that flood insurance will not be required if the Mortgaged Property is an individual unit in a condominium if the applicable Agency and Investor do not require such insurance with respect to the unit. The Mortgage Instrument for each Mortgage Loan obligates the related Mortgagor to maintain all insurance required described above and to pay all premiums and charges in connection therewith, and on the Mortgagor’s failure to do so, authorizes the mortgagee to maintain such insurance at Mortgagor’s cost and expense and to seek reimbursement therefore from the Mortgagor. All such insurance policies are in full force and effect, and all premiums with respect to such policies have been paid;
Hazard and Related Insurance. All improvements upon each Mortgaged Property are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements. All such insurance policies are in full force and effect, all premiums with respect to such policies that were due prior to the applicable Sale Date have been paid by the applicable due date, and all provisions of such primary mortgage guaranty insurance policy have been and are being complied with. There has been no act or omission of the Seller or any Prior Servicer that would or may invalidate any such insurance, there has been no event or condition which may result in the revocation, cancellation or expiration of such coverage, and the insurance is or, when issued, will be, and will remain in full force and effect with respect to each Mortgage Loan. There are no defenses, counterclaims, or rights of set-off against the Seller affecting the validity or enforceability of any such insurance.
Hazard and Related Insurance. All improvements upon the Mortgaged Property are insured against loss by fire, hazard (and, where required pursuant to Applicable Requirements, flood) and/or extended coverage insurance policies, in the required coverage amount, by an Insurer and otherwise in compliance with and in the manner as may be required by Applicable Requirements. All such insurance policies are in full force and effect, all premiums with respect to such policies have been paid, and all provisions of such insurance policies have been and are being complied with. There has been no act or omission of the Seller or, to the Seller’s knowledge, any Prior Servicer that would reasonably be expected to invalidate any such insurance, there has been no event or condition which would reasonably be expected to result in the revocation, cancellation or expiration of such coverage, and the insurance is or, when issued, will be, and will remain in full force and effect with respect to each Mortgage Loan. There are no defenses, counterclaims, or rights of set-off against the Seller affecting the validity or enforceability of any such insurance.
