Common use of Mortgaged Property Undamaged Clause in Contracts

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and no Borrower has knowledge of any such proceedings.

Appears in 2 contracts

Samples: Master Loan and Security Agreement (Advanta Corp), Master Loan and Security Agreement (Advanta Corp)

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Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to materially affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and Seller has no Borrower has knowledge of any such proceedings.

Appears in 2 contracts

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust), Master Repurchase Agreement (Pennymac Financial Services, Inc.)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and no the Borrower has no knowledge of any such proceedings.

Appears in 2 contracts

Samples: Loan Agreement (Southern Pacific Funding Corp), Loan Agreement (Southern Pacific Funding Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and the Seller has no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (Contifinancial Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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. There have not been any condemnation proceedings with respect to the Mortgaged Property and no the Borrower has no knowledge of any such proceedings.

Appears in 1 contract

Samples: Funding Agreement (Fieldstone Investment Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Loan and Security Agreement (American Business Financial Services Inc /De/)

Mortgaged Property Undamaged. To the best of the BorrowerSeller's knowledge, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and the Seller has no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (Advanta Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the The Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect materially and adversely the value of the Mortgaged Property or Cooperative Unit as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and the Seller has no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (Caliber Home Loans, Inc.)

Mortgaged Property Undamaged. To the best of the Borrower's Seller’s knowledge, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect materially and adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and Seller has no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (PennyMac Mortgage Investment Trust)

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Mortgaged Property Undamaged. To the best of the BorrowerLoan Originator's knowledge, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and no Borrower Loan Originator has knowledge of any such proceedings.

Appears in 1 contract

Samples: Sale and Servicing Agreement (Advanta Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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 and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and no Borrower Seller has any knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (Aames Investment Corp)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the The Mortgaged Property is was 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 and each Mortgaged Property is in good repairLoan. There have not been any condemnation proceedings with respect to the Mortgaged Property and the Seller has no Borrower has knowledge of any such proceedings.;

Appears in 1 contract

Samples: Master Servicing and Trust Agreement (GSAA Home Equity Trust 2006-15)

Mortgaged Property Undamaged. To the best of the Borrower's knowledge, the 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 and each Mortgaged Property is in good repairintended. There have not been any condemnation proceedings with respect to the Mortgaged Property and no the Borrower has no knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Loan and Security Agreement (Source One Mortgage Services Corp)

Mortgaged Property Undamaged. To the best of the Borrower's Seller’s knowledge, the Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to materially and adversely affect adversely the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each Mortgaged Property is in good repair. There have not been any condemnation proceedings with respect to the Mortgaged Property and Seller has no Borrower has knowledge of any such proceedings.

Appears in 1 contract

Samples: Master Repurchase Agreement (Centex Land Vista Ridge Lewisville III General Partner, LLC)

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