Common use of Section 8 Housing Assistance Payments Contract Clause in Contracts

Section 8 Housing Assistance Payments Contract. (a) The Mortgaged Property is the subject of the Current HAP Contract. The Borrower conveys, pledges, transfers and grants to Lender a security interest pursuant to the Uniform Commercial Code of the Property Jurisdiction or any other applicable law in and to the HAP Contract Rights.

Appears in 2 contracts

Samples: Multifamily Loan and Security Agreement, Multifamily Loan and Security Agreement

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Section 8 Housing Assistance Payments Contract. (a) The Mortgaged Property is the subject of the Current HAP Contract. The Borrower conveys, pledges, transfers transfers, and grants to Funding Lender a security interest pursuant to the Uniform Commercial Code of the Property Jurisdiction or any other applicable law in and to the HAP Contract Rights.

Appears in 1 contract

Samples: Continuing Covenant Agreement

Section 8 Housing Assistance Payments Contract. (a) The Mortgaged Property is the subject of the Current HAP Contract. The Borrower conveys, pledges, transfers and grants to Funding Lender a security interest pursuant to the Uniform Commercial Code of the Property Jurisdiction or any other applicable law in and to the HAP Contract Rights.

Appears in 1 contract

Samples: Continuing Covenant Agreement

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Section 8 Housing Assistance Payments Contract. (a) The Mortgaged Property is the subject of the Current HAP Contract. The Borrower conveys, pledges, transfers transfers, and grants to Lender a security interest pursuant to the Uniform Commercial Code of the Property Jurisdiction or any other applicable law in and to the HAP Contract Rights.

Appears in 1 contract

Samples: Loan Agreement

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