Common use of Location of Improvements; No Encroachments Clause in Contracts

Location of Improvements; No Encroachments. Except as may be expressly noted and considered in the appraisal of the Mortgaged Property, all improvements which were considered in determining the Appraised Value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property, and no improvements on adjoining properties encroach upon the Mortgaged Property unless there exists in the Mortgage File a title policy with endorsements which insure against losses sustained by the insured as a result of such encroachments. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning and building law, ordinance or regulation.

Appears in 3 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp), Master Repurchase Agreement (Fieldstone Investment Corp)

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Location of Improvements; No Encroachments. Except as may be expressly noted and considered in the appraisal of the Mortgaged Property, all improvements which that were considered in determining the Appraised Value appraised value of the Mortgaged Property lie lay wholly within the boundaries and building restriction lines of the Mortgaged Property, Property and no improvements on adjoining properties encroach upon the Mortgaged Property unless there exists in the Mortgage File a title policy with endorsements which insure against losses sustained by the insured as a result of such encroachments. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning and building law, ordinance or regulation.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Fieldstone Investment Corp), Repurchase Agreement (Fieldstone Investment Corp)

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Location of Improvements; No Encroachments. Except as may be expressly noted and considered in the appraisal of the Mortgaged Property, all improvements which that were considered in determining the Appraised Value appraised value of the Mortgaged Property lie lay wholly within the boundaries and building restriction lines of the Mortgaged Property, Property and no improvements on adjoining properties encroach upon the Mortgaged Property unless there exists in the Mortgage Asset File a title policy with endorsements which insure against losses sustained by the insured as a result of such encroachments. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning and building law, ordinance or regulation.

Appears in 1 contract

Samples: Master Repurchase Agreement (Fieldstone Investment Corp)

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