Common use of No Condemnation Proceeding; No Damage Clause in Contracts

No Condemnation Proceeding; No Damage. There is no proceeding pending, or threatened, for the total or partial condemnation of the related Mortgaged Property. To Seller’s knowledge, the Mortgaged Property is undamaged by water, fire, earthquake, earth movement other than earthquake, windstorm, flood, tornado, defective construction materials or work, or similar casualty, which would cause such Mortgaged Property to become uninhabitable.

Appears in 2 contracts

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.), Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

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No Condemnation Proceeding; No Damage. There is no proceeding pending, or threatened, for the total or partial condemnation of the related Mortgaged Property. To Sellereach Seller Party’s knowledge, the Mortgaged Property is undamaged by water, fire, earthquake, earth movement other than earthquake, windstorm, flood, tornado, defective construction materials or work, or similar casualty, which would cause such Mortgaged Property to become uninhabitable.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage REIT, Inc.)

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No Condemnation Proceeding; No Damage. There To the best of Seller’s knowledge, there is no proceeding pending, or threatened, for the total or partial condemnation of the related Mortgaged Propertyproperty. To the Seller’s knowledge, the Mortgaged Property is undamaged by water, waste, fire, earthquake, earth movement other than earthquake, windstorm, flood, tornado, defective construction materials or work, or similar casualty, which would cause such Mortgaged Property to become uninhabitable.

Appears in 1 contract

Samples: Master Repurchase Agreement (Starwood Waypoint Residential Trust)

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