LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE Sample Clauses

LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL None. SCHEDULE C EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES The exceptions to the representations and warranties set forth below are listed by the number of the related representation and warranty set forth on Exhibit C and the mortgage loan name and number identified on Exhibit A. Capitalized terms used but not otherwise defined in this Schedule C shall have the meanings set forth in Exhibit C or, if not defined therein, in this Agreement. Representation Number on Exhibit C Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception
Sample 1Sample 2Sample 3See All (6)
AutoNDA by SimpleDocs
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exh. C-43-1-1 Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL Loan# Mortgage Loan 1 Xxxxxx Xxxxx Xxxxx Xxx. C-47-1-1 SCHEDULE C EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES The exceptions to the representations and warranties set forth below are listed by the number of the related representation and warranty set forth on Exhibit C and the mortgage loan name and number identified on Exhibit A. Capitalized terms used but not otherwise defined in this Schedule C shall have the meanings set forth in Exhibit C or, if not defined therein, in this Agreement. Representation Number on Exhibit C Mortgage Loan Name and Number as Identified on Exhibit A Description of Exception
Sample 1Sample 2See All (4)
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL None. SCHEDULE C
Sample 1Sample 2
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL None. SCHEDULE C EXCEPTIONS TO MORTGAGE LOAN REPRESENTATIONS AND WARRANTIES None. EXHIBIT D-1 FORM OF CERTIFICATE OF THE SECRETARY OR AN ASSISTANT SECRETARY OF THE MORTGAGE LOAN SELLER RBS FINANCIAL PRODUCTS INC. WFRBS Commercial Mortgage Trust 2014-C21 Commercial Mortgage Pass-Through Certificates, Series 2014-C21 FORM OF SECRETARY’S CERTIFICATE I, _________________, hereby certify that I am a duly elected and acting Assistant Secretary of RBS Financial Products Inc. (the “Company”), and certify further as follows:
Sample 1
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL Loan# Mortgage Loan Description 10 00xx/00xx Xxxxxx Tenants Corp. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $1,000,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 59 159 Madison Owners Corp. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $500,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 75 300 Xxxx 00xx Xxxxxx, Inc. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $500,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 76 NB Owners Corp. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $500,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage.
Sample 1
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exh. C-43-1-1 Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL Loan# Mortgage Loan Description 67 24 Central Park South, Inc. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $2,999,999. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 73 0000 Xxxxxxxxxxx Xxxxxxx Owners, Inc. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $250,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 00 00xx Xxxx Housing Corporation The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $750,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage.
Sample 1
LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE. None. Exhibit C-47-1 LIST OF MORTGAGE LOANS CROSS-COLLATERALIZED AND CROSS-DEFAULTED WITH MORTGAGE LOANS OUTSIDE THE MORTGAGE POOL Loan# Mortgage Loan Description 70 000 X. 00xx Xxxxxxxxxx Xxxx. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $1,000,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 92 256 West 21st Owners Corp. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $200,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 73 0000 Xxxxxx Xxxxxx Owners, Inc. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $200,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage. 86 323 West 83rd Owners Corp. The Mortgaged Property is encumbered by a subordinate credit line mortgage in the original principal amount of $250,000. As of the Cut-off Date, no advances have been made under such subordinate credit line mortgage.
Sample 1
AutoNDA by SimpleDocs

Related to LIST OF MORTGAGE LOANS WITH ENVIRONMENTAL INSURANCE

  • Maintenance of Mortgage Impairment Insurance Policy In the event that the Servicer shall obtain and maintain a blanket policy issued by an insurer that has a general policy rating of B:VI or better in Best's Key Rating Guide insuring against hazard losses on all of the Mortgage Loans, then, to the extent such policy provides coverage in an amount equal to the amount required pursuant to Section 3.10 and otherwise complies with all other requirements of Section 3.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.10, it being understood and agreed that such policy may contain a deductible clause, in which case the Servicer shall, in the event that there shall not have been maintained on the related Mortgaged Property or REO Property a policy complying with Section 3.10, and there shall have been a loss which would have been covered by such policy, deliver to the Trustee for deposit in the Distribution Account the amount not otherwise payable under the blanket policy because of such deductible clause, which amount shall not be reimbursable to the Servicer from the Trust Fund. In connection with its activities as servicer of the Mortgage Loans, the Servicer agrees to prepare and present, on behalf of the Trustee, claims under any such blanket policy in a timely fashion in accordance with the terms of such policy. Upon request of the Trustee, the Servicer shall cause to be delivered to the Trustee a certified true copy of such policy and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without thirty days prior written notice to the Trustee.

  • Releases of Mortgaged Properties No Mortgage Note or Mortgage requires the mortgagee to release all or any material portion of the related Mortgaged Property from the lien of the related Mortgage except upon (i) payment in full of all amounts due under the related Mortgage Loan or (ii) delivery of "government securities" within the meaning of Section 2(a)(16) of the Investment Company Act of 1940, as amended (the "Investment Company Act"), in connection with a defeasance of the related Mortgage Loan; provided that the Mortgage Loans that are Crossed Loans, and the other individual Mortgage Loans secured by multiple parcels, may require the respective mortgagee(s) to grant releases of portions of the related Mortgaged Property or the release of one or more related Mortgaged Properties upon (i) the satisfaction of certain legal and underwriting requirements or (ii) the payment of a release price in connection therewith; and provided, further, that certain Crossed Groups or individual Mortgage Loans secured by multiple parcels may permit the related Mortgagor to obtain the release of one or more of the related Mortgaged Properties by substituting comparable real estate property, subject to, among other conditions precedent, receipt of confirmation from each Rating Agency that such release and substitution will not result in a qualification, downgrade or withdrawal of any of its then-current ratings of the Certificates; and provided, further, that any Mortgage Loan may permit the unconditional release of one or more unimproved parcels of land to which the Seller did not give any material value in underwriting the Mortgage Loan.

  • Maintenance of Mortgage Impairment Insurance In the event that the Company shall obtain and maintain a blanket policy insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans, then, to the extent such policy provides coverage in an amount equal to the amount required pursuant to Section 4.10 and otherwise complies with all other requirements of Section 4.10, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 4.10. Any amounts collected by the Company under any such policy relating to a Mortgage Loan shall be deposited in the Custodial Account subject to withdrawal pursuant to Section 4.05. Such policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 4.10, and there shall have been a loss which would have been covered by such policy, the Company shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under the blanket policy because of such deductible clause, such amount to deposited from the Company's funds, without reimbursement therefor. Upon request of any Purchaser, the Company shall cause to be delivered to such Purchaser a certified true copy of such policy and a statement from the insurer thereunder that such policy shall in no event be terminated or materially modified without 30 days' prior written notice to such Purchaser.

  • Location and Type of Mortgaged Property The Mortgaged Property is a fee simple property located in the state identified in the related Mortgage Loan Schedule, except that with respect to real property located in jurisdictions in which the use of leasehold estates for residential properties is a widely-accepted practice, the Mortgaged Property may be a leasehold estate, and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development and that no residence or dwelling is a mobile home; provided, however, that any condominium unit or planned unit development shall not fall within any of the "Ineligible Projects" of part XII, Section 102 of the Fannie Mae Selling Guide and shall conform with the Underwriting Guidelxxxx. In the case of any Mortgaged Properties that are manufactured homes (a "Manufactured Home Mortgage Loans"), (i) such Manufactured Home Mortgage Loan conforms with the applicable Fannie Mae or Freddie Mac requirements regarding mortgage loans related xx xxnxxxcturxx xxxxlings, (ii) the related manufactured dwelling is permanently affixed to the land, (iii) the related manufactured dwelling and the related land are subject to a Mortgage properly filed in the appropriate public recording office and naming Seller as mortgagee, (iv) the applicable laws of the jurisdiction in which the related Mortgaged Property is located will deem the manufactured dwelling located on such Mortgaged Property to be a part of the real property on which such dwelling is located, and (v) such Manufactured Home Mortgage Loan is (x) a qualified mortgage under Section 860G(a)(3) of the Internal Revenue Code of 1986, as amended, and (y) secured by manufactured housing treated as a single family residence under Section 25(e)(10) of the Code. As of the date of origination, no portion of the Mortgaged Property was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes;

  • Releases of Mortgaged Property Except as described in the next sentence, no Mortgage Note or Mortgage requires the mortgagee to release all or any material portion of the related Mortgaged Property that was included in the appraisal for such Mortgaged Property, and/or generates income from the lien of the related Mortgage except upon payment in full of all amounts due under the related Mortgage Loan or in connection with the defeasance provisions of the related Note and Mortgage. The Mortgages relating to those Mortgage Loans identified on Schedule A hereto require the mortgagee to grant releases of portions of the related Mortgaged Properties upon (a) the satisfaction of certain legal and underwriting requirements and/or (b) the payment of a predetermined or objectively determinable release price and prepayment consideration in connection therewith. Except as described in the first sentence hereof and for those Mortgage Loans identified on Schedule A, no Mortgage Loan permits the full or partial release or substitution of collateral unless the mortgagee or servicer can require the Borrower to provide an opinion of tax counsel to the effect that such release or substitution of collateral (a) would not constitute a "significant modification" of such Mortgage Loan within the meaning of Treas. Reg. ss.1.1001-3 and (b) would not cause such Mortgage Loan to fail to be a "qualified mortgage" within the meaning of Section 860G(a)(3)(A) of the Code.

  • Use of Mortgaged Property (a) Unless required by applicable law, without the prior written consent of Lender, Borrower will not take any of the following actions:

  • Maintenance of Mortgaged Property Borrower shall cause the Mortgaged Property to be maintained in a good and safe condition and repair, subject to wear and tear and damage caused by casualty or condemnation. The Improvements and the Equipment shall not be removed, demolished or altered (except for (1) normal replacement of the Equipment, (2) Improvements contemplated in an approved Operating Budget or pursuant to Leases in effect from time to time, (3) removals, demolition or alterations that do not cost more than 1% of the Principal Indebtedness or (4) an emergency which the Borrower shall have notified the Lender of in writing, including the action taken to remediate) without the consent of Lender which consent shall not be unreasonably withheld or delayed. Except with respect to an Insured Casualty which shall be governed by the terms and conditions provided herein, Borrower shall, or shall cause any tenants obligated under their respective Leases to, promptly repair, replace or rebuild any part of the Mortgaged Property that becomes damaged, worn or dilapidated. Borrower shall complete and pay for any structure at any time in the process of construction or repair on the Land. Borrower shall not initiate, join in, or consent to any change in any private restrictive covenant, zoning law or other public or private restriction, limiting or defining the uses which may be made of any Mortgaged Property or any part thereof without the written consent of Lender, which consent shall not be unreasonably withheld or delayed. If under applicable zoning provisions the use of all or any portion of the Mortgaged Property is or shall become a nonconforming use, Borrower will not cause or permit such nonconforming use to be discontinued or abandoned if such discontinuance of abandonment would cause such nonconforming use to no longer be permitted without the express written consent of Lender, which consent shall not be unreasonably withheld or delayed. Borrower shall not (i) change the use of any of the Land or Improvements in any material respect, (ii) permit or suffer to occur any waste on or to any Mortgaged Property or to any portion thereof or (iii) take any steps whatsoever to convert any Mortgaged Property, or any portion thereof, to a condominium or cooperative form of management.

  • Condition of Mortgaged Property Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter, the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or any previous damage to the Mortgaged Property has been fully restored.

  • Operation of Mortgaged Property Hold, lease, develop, manage, operate or otherwise use the Mortgaged Property upon such terms and conditions as Mortgagee may deem reasonable under the circumstances (making such repairs, alterations, additions and improvements and taking other actions, from time to time, as Mortgagee deems necessary or desirable), and apply all Rents and other amounts collected by Mortgagee in connection therewith in accordance with the provisions of Section 5.7.

  • Maintenance of Mortgage Blanket Insurance The Servicer shall obtain and maintain a blanket policy insuring against losses arising from fire and hazards covered under extended coverage on all of the Mortgage Loans. To the extent such policy provides coverage in an amount equal to the amount required pursuant to Section 3.12 and otherwise complies with all other requirements of Section 3.12, it shall conclusively be deemed to have satisfied its obligations as set forth in Section 3.12. Any amounts collected by the Servicer under any such policy relating to a Mortgage Loan shall be deposited in the Custodial Account or Escrow Account subject to withdrawal pursuant to Sections 3.04 or 3.06. Such policy may contain a deductible clause, in which case, in the event that there shall not have been maintained on the related Mortgaged Property a policy complying with Section 3.12, and there shall have been a loss which would have been covered by such policy, the Servicer shall deposit in the Custodial Account at the time of such loss the amount not otherwise payable under the blanket policy because of such deductible clause, such amount to be deposited from the Servicer’s funds, without reimbursement therefor.

Time is Money Join Law Insider Premium to draft better contracts faster.