Examples of Hazard area in a sentence
If the damaged or destroyed property is located within a Special Flood Hazard Area, the following provisions apply.
Subsequent to the Closing Date, if the Mortgaged Property is determined to be in a Special Flood Hazard Area, Borrower will obtain appropriate flood insurance as required under the National Flood Insurance Act of 1968, Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994 as amended or as required by the Servicer pursuant to its underwriting guidelines.
Borrower shall comply with all requirements listed in the FEMA Special Flood Hazard Area Flood Maps.
Borrower shall obtain a flood zone certificate certifying that the Project is not located in a special flood hazard area (“Flood Hazard Area”) as identified by Federal Emergency Management Agency (“FEMA”), or if located in a Flood Hazard Area, the designation of the Flood Hazard Area in which the Project is located.
To the best of Seller’s knowledge, the Property is is not located partly or entirely within a designated Special Flood Hazard Area.
As of the Closing Date, no structure within the Mortgaged Property lies or is located in an identifiable or designated Special Flood Hazard Area.
Subsequent to Closing, if the Mortgaged Property is determined to be in a Special Flood Hazard Area, Borrower will obtain appropriate flood insurance as required under the National Flood Insurance Act of 1968, Flood Disaster Protection Act of 1973, or the National Flood Insurance Reform Act of 1994 as amended or as required by the Servicer pursuant to its underwriting guidelines.
This coverage must include coverage for flood if the Property is located in a Special Flood Hazard Area as determined by the Federal Emergency Management Agency.
Flood Hazard Area Disclosure (Word) – states whether the property is located in a special flood hazard area.
If the Property is determined to be in a Special Flood Hazard Area, as determined by the current Flood Maps published by the Federal Emergency Management Agency, Purchaser may terminate this Agreement by providing written notice to Seller by the later of the expiration of the Financing Contingency Period or the Inspection Period, and the termination procedures of Paragraph 23 shall apply.