PUD Unit definition
Examples of PUD Unit in a sentence
Where a Mortgaged Property is a Condominium Unit or PUD Unit and is not individually covered by a Flood Insurance policy in accordance with the provisions of Section 15.4 hereof, the Servicer must verify that a Flood Insurance policy which provides blanket coverage for the individual units in the Condominium Project or PUD, is maintained at all times on Mortgaged Property that are in a special flood hazard area identified by the Secretary of HUD or the Director of the Federal Emergency Management Agency.
Each CGL Insurance policy must contain a severability of interest endorsement preventing the insurer from denying the claim of a Condominium or PUD Unit owner because of negligent acts of the Owners' Association or other unit owners.
The name of the insured stated under each Insurance Policy required pursuant to the provisions of this Article must be similar in form and substance to the following: "Association of Owners of the [Name of Condominium Project or PUD] for use and benefit of the individual Condominium or PUD Unit owners" (designated by name, if required).
The named insured for each policy maintained by the HOA must be similar in form and substance to the following:• “Association of Owners of the [Name of Condominium Project or PUD] for use and benefit of the individual Condominium or PUD Unit owners" (designated by name, if required).
Mancuso(ii) The Technical Writer’s Handbook, Matt Young(iii) Guide to Real Property Demonstration Appraisal Report Writing(iv) Communicating the Appraisal: The Individual Condominium or PUD Unit Appraisal Report,Arlen C.
In the event that such a blanket policy of flood insurance is not maintained, the Servicer shall notify the Owner (which notice may be contained in the Servicer's monthly reports pursuant to Article VII) but shall not be required to force-place a policy for the Condominium Project or PUD, except that the Servicer shall obtain insurance with respect to the particular Condominium or PUD Unit if commercially practicable.
In the event that a Condominium Insurance Policy or PUD Insurance Policy is not maintained, the Servicer shall notify the Owner (which notice may be contained in the Servicer's monthly reports pursuant to Article VII) but shall not be required to force-place a policy for the Condominium Project or PUD, except that the Servicer shall obtain insurance with respect to the particular Condominium or PUD Unit.
The name of the insured stated under each required policy shall be similar in form and substance to the following: "Association of Owners of the [Name of Condominium Project or PUD] for use and benefit of the individual Condominium or PUD Unit owners" (designated by name, if required).
That pursuant to Resolution No. 041800-F adopted on the 18th day of April, 2000, the City of Manhattan, Kansas has constructed stormwater improvements to serve Lot 2 of JenTre PUD, Unit 1, which was replatted in 2016 as Lots 2, 3, and 4 of No Stone Unturned, Unit 1, an addition to the City of Manhattan, Riley County, Kansas.
That pursuant to Resolution No. 041800-E adopted on the 18th day of April 2000, the City of Manhattan, Kansas has constructed water improvements to serve Lots 1 and 2 of JenTre PUD, Unit One, along with an unplatted tract was replatted in 2016 as Lots 2, 3 and 4 of No Stone Unturned, Unit One, an addition to the City of Manhattan, Riley County, Kansas.