Manufactured Homes. The related manufactured home is a "manufactured home" within the meaning of Section 5402(6) of Title 42 of the United States Code.
Manufactured Homes. With respect to each Mortgage Loan secured by a Manufactured Home: (a) the manufactured home is permanently affixed to a foundation which is suitable for the soil conditions of the site; (b) any wheels, axles and trailer hitches are removed from the manufactured home; (c) the Mortgage Loan is covered under a standard real estate title insurance policy or attorney's title opinion certificate that identifies the manufactured home as part of the real property and insures or indemnifies against any loss if the manufactured home is determined not to be part of the real property; and
Manufactured Homes. With respect to each Mortgage Loan secured by a manufactured home: (i) the manufactured home is permanently affixed to a foundation which is suitable for the soil conditions of the site; (ii) all foundations, both perimeter and interior, have footings that are located below the frost line; (iii) any wheels, axles and trailer hitches are removed from the manufactured home; (iv) the Mortgage Loan is covered under a standard real estate title insurance policy or attorney’s title opinion or certificate that identified the manufactured home as part of the real property and insures or indemnifies against any loss if the manufactured home is determined not to be part of the real property. In no event shall any Mortgage Loan be secured by a mobile home;
Manufactured Homes. In the case of manufactured homes, the PURCHASER shall ensure that the manufactured home is attached to a permanent foundation.
Manufactured Homes. Manufac- tured homes under a program must comply with the Manufactured Home Construction and Safety Standards in
Manufactured Homes. Manufac- tured homes under a program must comply with the Manufactured Home Construction and Safety Standards in 24 CFR part 3280; the installation, structural, and site requirements de- scribed in 24 CFR 203.43f; and the en- ergy performance requirements of 24 CFR 200.926d(e). [54 FR 22258, May 22, 1989. Redesignated at 61 FR 42953, Aug. 19, 1996] In addition to the requirements set forth in 24 CFR part 5, the following additional Federal requirements apply to this program:
(a) Nondiscrimination and equal oppor- tunity.
(1) The affirmative fair housing marketing requirements at 24 CFR part 200, subpart M, and the implementing regulations at 24 CFR part 108.
(2) Racial and ethnic data collection re- quirements. Recipients must maintain current data on the race and ethnicity of program beneficiaries.
Manufactured Homes. Manufactured homes proposed for use as commercial or industrial buildings cannot be dry floodproofed; and
Manufactured Homes. (a) New or replacement manufactured homes shall be elevated so that the reference level of the manufactured home is no lower than the regulatory flood protection elevation.
(b) Manufactured homes shall be securely anchored to an adequately anchored foundation to resist flotation, collapse, and lateral movement in accordance with the State of North Carolina Regulations for Manufactured/Mobile Homes, 1995 Edition, and any revision thereto adopted by the Commissioner of Insurance pursuant to NCGS 4143-143.15 or a certified engineered foundation. Additionally, when the elevation would be met by an elevation of the chassis thirty-six (36) inches or less above the grade at the site, the chassis shall be supported by reinforced piers or other foundation elements of at least equivalent strength. When the elevation of the chassis is above thirty-six (36) inches in height, an engineering certification is required.
(c) All foundation enclosures or skirting shall be in accordance with Article 5, Section B(4).
(d) An evacuation plan must be developed for evacuation of all residents of all new, substantially improved or substantially damaged manufactured home parks or subdivisions located within flood prone areas. This plan shall be filed with and approved by the floodplain administrator and the local Emergency Management coordinator.
Manufactured Homes. To the extent that any manufactured home is included as part of the Mortgaged Property: such manufactured home is (1) together with the related land, subject to the Mortgage, (2) deemed to be a apart of the real property on which it is located pursuant to the Applicable Law of the jurisdiction in which it is located, and (3) treated as a single-family residence under Section 25(e)(10) of the Internal Revenue Code;
Manufactured Homes. The Trust Fund was created pursuant to a Pooling and Servicing Agreement dated as specified above (the "Agreement"), by and among the Company, as seller and servicer, Clayton Homes, Inc., xx xxxvider of the Limited Guarantee, and The Chase Manhattan Bank, as trustee (the "Trustee"), a summary of certain of the pertinent provisions of which is set forth hereafter. To the extent not defined herein, the capitalized terms used herein have the meanings assigned in the Agreement. This Certificate is one of a duly authorized issue of Certificates, designated as Manufactured Housing Contract Senior/Subordinate Pass-Through Certificates, Series 2001-B (the "Certificates"), and is issued under and is subject to the terms, provisions and conditions of the Agreement, to which Agreement the Holder of this Certificate by virtue of the acceptance hereof assents and by which such Holder is bound. On each Remittance Date, the Trustee will cause to be distributed to the Class R Certificateholder an amount equal to the Class R Distribution Amount. Distributions on this Certificate will be made by check mailed to the address of the Person entitled thereto, as such name and address shall appear on the Certificate Register or by wire transfer if the Holder has given the Trustee written instructions at least five Business Days prior to the related Record Date. Notwithstanding the above, the final distribution on this Certificate will be made after due notice by the Trustee of the pendency of such distribution and only upon presentation and surrender of this Certificate at the office or agency appointed by the Trustee for that purpose and specified in such notice of final distribution. No transfer of the Class R Certificate will be made unless such transfer is exempt from the registration requirements of the Securities Act of 1933, as amended, and any applicable state securities laws or is made pursuant to an effective registration statement under said Act or laws. The Trustee or the Company may require an Opinion of Counsel acceptable to and in form and substance satisfactory to the Company that such transfer is exempt (describing the applicable exemption and the basis therefor) from the registration requirements of the Securities Act of 1933, as amended, and from any applicable securities statute of any state, and the transferee shall execute an investment letter in the form described by the Agreement. Reference is hereby made to the further provisions of this Certificate set f...
