Common use of Manufactured Housing Clause in Contracts

Manufactured Housing. In the case of a Mortgage Loan financing a dwelling which is a manufactured home, (i) the manufactured home is affixed to the real property in such a manner as to render the manufactured home real property under the laws of the jurisdiction in which it is located, (ii) the Mortgage is a lien on the land on which the manufactured home is located as well as the manufactured home itself, and (iii) the manufactured home (a) has a minimum of 400 square feet of living space, (b) has a minimum width in excess of 102 inches and (c) is of a kind customarily used at a fixed location.

Appears in 6 contracts

Samples: Pooling and Servicing Agreement (Cit Home Equity Loan Trust 2002-1), Pooling and Servicing Agreement (Credit Suisse First Boston Mortgage Acceptance Corp), Pooling and Servicing Agreement (Cit Home Equity Loan Trust 1997-1)

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