Common use of Mortgaged Property Undamaged Clause in Contracts

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 154 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-8), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-5), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Wfhe2)

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Mortgaged Property Undamaged. The Mortgaged Property is undamaged by wastewater, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 38 contracts

Samples: Reconstituted Servicing Agreement (Sasco Mortgage Loan Trust Series 2004-Gel2), Assumption and Recognition Agreement (GSR Mortgage Loan Trust 2007-Ar1), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass-THR Certs Ser 2004-Gel1)

Mortgaged Property Undamaged. The Mortgaged Property is in good repair and undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 12 contracts

Samples: Flow Sale and Servicing Agreement (GSR Mortgage Loan Trust 2007-4f), Assignment, Assumption and Recognition Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-26), Sale and Servicing Agreement (Banc of America Funding 2006-2 Trust)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by wastewater, fire, earthquake or earth movement, windstorm, flood, tornado tornado, hurricane or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 7 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2006-8f), Custodial Agreement (GSR Mortgage Loan Trust 2007-4f), Custodial Agreement (GSR Mortgage Loan Trust 2007-5f)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by wastewater, fire, earthquake or earth movement, windstorm, flood, hurricane, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 6 contracts

Samples: Custodial Agreement (GSR Mortgage Loan Trust 2007-4f), Custodial Agreement (STARM Mortgage Loan Trust 2007-1), Custodial Agreement (GSR Mortgage Loan Trust 2006-9f)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;.

Appears in 3 contracts

Samples: Warranties and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Ab1), Warranties and Servicing Agreement (MASTR Asset Securitization Trust 2006-2), Warranties and Servicing Agreement (MASTR Alternative Loan Trust 2006-1)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake earthquake, or earth movement, windstorm, flood, tornado tornado, hazardous or toxic substances or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;.

Appears in 1 contract

Samples: Agreement (Crescent Banking Co)

Mortgaged Property Undamaged. The To the Knowledge of Seller, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty casualty, for which an insurance claim is pending, so as to affect adversely (i) with respect to Loans, the value of the Mortgaged Property as security for the Mortgage Loan or (ii) the use for which the premises were intended;.

Appears in 1 contract

Samples: Asset Purchase Agreement (Jacksonville Bancorp Inc /Fl/)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;intended and each Mortgaged Property is in good repair.

Appears in 1 contract

Samples: Assignment and Recognition Agreement (BCAP LLC Trust 2007-Aa2)

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Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, hurricane, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Deutsche Alt-a Securities Mortgage Loan Trust, Series 2006-Ar5)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by wastewater, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were was intended;

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Lehman Xs Trust Series 2005-3)

Mortgaged Property Undamaged. The Mortgaged Property is not subject to material damage and undamaged by waste, fire, earthquake or earth movement, windstorm, hurricane, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;

Appears in 1 contract

Samples: Flow Sale Agreement (Luminent Mortgage Trust 2006-7)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to adversely affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended;intended and each Mortgaged Property is in good repair.

Appears in 1 contract

Samples: Master Repurchase Agreement (Home Point Capital Inc.)

Mortgaged Property Undamaged. The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were was intended;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Lehman XS Trust Series 2006-10n)

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