Common use of Location and Type of Mortgaged Property Clause in Contracts

Location and Type of Mortgaged Property. The Mortgaged Property (other than with respect to a Cooperative Loan) is a fee simple property. The Mortgaged Property or, with respect to each Cooperative Loan, Cooperative Unit is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual condominium unit in a low-rise condominium project, or a Cooperative Unit, or an individual unit in a planned unit development, provided, however, that (I) any condominium unit or planned unit development shall conform with the Company's Underwriting Guidelines regarding such dwellings, and (II) that no residence or dwelling is a mobile home or manufactured housing. No portion of the Mortgaged Property or, with respect to each Cooperative Loan, the Cooperative Unit is used for commercial purposes;

Location and Type of Mortgaged Property. The Mortgaged Property (other than with respect to a Cooperative Loan) is a fee simple property. The Mortgaged Property or, with respect to each Cooperative Loan, Cooperative Unit is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual condominium unit in a low-rise condominium project, or a Cooperative Unit, or an individual unit in a planned unit development, provided, however, that (I) any condominium unit or planned unit development shall conform with the Company's ’s Underwriting Guidelines regarding such dwellings, and (II) that no residence or dwelling is a mobile home or manufactured housing. No portion of the Mortgaged Property or, with respect to each Cooperative Loan, the Cooperative Unit is used for commercial purposes;

Location and Type of Mortgaged Property. The Mortgaged Property (other than with respect to a Cooperative Loan) is a fee simple property. The Mortgaged Property or, with respect to each Cooperative Loan, Cooperative Unit is located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual condominium unit in a low-rise condominium project, or a Cooperative Unit, or an individual unit in a planned unit development, provided, however, that (I) any condominium unit or planned unit development shall conform with the Company's Underwriting Guidelines applicable Xxxxxx Xxx requirements regarding such dwellings, dwellings and (II) that no residence or dwelling is a mobile home or a manufactured housingdwelling. No portion of the Mortgaged Property or, with respect to each Cooperative Loan, the Cooperative Unit is used for commercial purposes;