Incomplete Construction. Any Claim when, as of the date of such Claim, construction of a Property is not completed in accordance with the construction plans and specifications upon which the valuation of the Property at origination of the Loan was based.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-He3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2006-3)
Incomplete Construction. Any Claim when, as of the date of such Claim, : (a) construction of a Property is not completed in accordance with the construction plans and specifications upon which the valuation Fair Market Value of the Property at origination of the Loan was based, or (b) a required completion certificate was falsely certified by the Borrower.
Appears in 3 contracts
Samples: Second Mortgage Pool Insurance Policy (Structured Asset Sec Corp Mort Pass THR Certs Ser 2004-Ffa), Second Mortgage Pool Insurance Policy (First Franklin Mortgage Loan Trust 2003-FFB), Pooling and Servicing Agreement (FFMLT Trust 2005-Ffa)
Incomplete Construction. Any Claim when, as of the date of such Claim, construction of a Property is not completed in accordance with the construction plans and specifications upon which the valuation appraisal of the Property at origination of the Loan was based.
Appears in 3 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Fxd1), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Hl1), Pooling and Servicing Agreement (Soundview Home Loan Trust 2006-Opt4)
Incomplete Construction. Any Claim when, as of the date of such Claim, construction of a the Property is had not been completed in accordance with the Appraisal obtained, or the construction plans and specifications upon approved, at the time the Covered Loan was originated or on which the valuation of the Property at origination of the Loan Original Value was based.
Appears in 2 contracts
Samples: Commitment Letter (NMI Holdings, Inc.), Commitment Letter (NMI Holdings, Inc.)
