Common use of Status of Property Clause in Contracts

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.

Status of Property. (a) The Land and No portion of the Improvements are not is located in an area identified by the Secretary of Housing and Urban Development, Development or any successor, successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, 1968 or the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectivelylaw, the “Flood Acts”) or, if any portion of the Improvements is now or at any time in the future located within any such area, Borrower has obtained and will maintain the insurance prescribed in Section 3.06 below3.3 hereof.

Status of Property. (a) The Land and No portion of the Improvements are not is located in an area identified by the Secretary of Housing and Urban Development, Development or any successor, successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, 1968 or the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectivelylaw, the “Flood Acts”) or, if located within any such area, Borrower has obtained and will maintain the insurance prescribed in Section 3.06 below3.3 hereof.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain (or cause to be maintained) the insurance prescribed in Section 3.06 3.06(a) below.

Status of Property. (a) The Land and No portion of the Improvements are not is located in an area identified by the Secretary of Housing and Urban Development, Development or any successor, successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, 1968 or the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectivelylaw, the “Flood Acts”) or, if any portion of the Improvements is now or at any time in the future located within any such area, Borrower Mortgagor has obtained and will maintain the insurance prescribed in Section 3.06 below3.3 hereof.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “"Flood Acts”") or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”"FLOOD ACTS") or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.

Status of Property. (a) The Land and To Borrower's knowledge, no portion ------------------ of the Improvements are not is located in an area identified by the Secretary of Housing and Urban Development, Development or any successor, successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, 1968 or the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectivelylaw, the “Flood Acts”) or, if located within any such area, Borrower has obtained and will maintain the insurance prescribed in Section 3.06 below3.3(a)(i)(y) hereof.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 3.06(a) below.

Status of Property. (a) The Land and No portion of the Improvements are not is located in an area identified by the Secretary of Housing and Urban Development, Development or any successor, successor thereto as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, 1968 or the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectivelylaw, the “Flood Acts”) or, if located within any such area, Borrower has obtained and will maintain the insurance prescribed in Section 3.06 below3.3(a)(i)(y) hereof.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.3.06

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 below.Flood

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) Acts or, if located within any such area, Borrower or Lessee has and will maintain the insurance prescribed in Section 3.06 below4.06(a)(iv) of the Loan Agreement.

Status of Property. (a) The Land and Improvements are not located in an area identified by the Secretary of Housing and Urban Development, or any successor, as an area having special flood hazards pursuant to the National Flood Insurance Act of 1968, the Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994, as each have been or may be amended, or any successor law (collectively, the “Flood Acts”) or, if located within any such area, Borrower has and will maintain the insurance prescribed in Section 3.06 4.06 below.