Common use of Location and Type of Mortgaged Property Clause in Contracts

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, two-to-four family dwelling, an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 29 contracts

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-2), Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust)

AutoNDA by SimpleDocs

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple or leasehold property located in the state identified in the related Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 21 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pass THR Cert Ser 2002), Reconstituted Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2), Reconstituted Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Certs Ser 2002 7)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple or leasehold property located in the state identified in the related Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's ’s Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 19 contracts

Samples: Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2007-Ar4), Warranties and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4), Distribution Instructions (Citigroup Mortgage Loan Trust Inc., Series 2005-5)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, two-to-four family dwelling, an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's ’s Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 19 contracts

Samples: Assignment and Assumption (Structured Adjustable Rate Mortgage Loan Trust Series 2006-3), Loan Purchase and Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10), Warranties and Servicing Agreement (Lehman XS Trust Series 2006-4n)

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 and consists of a single parcel of real property with a detached single family residence erected thereon, twoa two- to four-to-four family dwelling, an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit developmentdevelopment or a manufactured dwelling permanently affixed to the ground, provided, however, that any condominium project unit or planned unit development shall conform with the Company's applicable Underwriting Guidelines regarding such dwellings, dwellings and that no residence or dwelling is a mobile home, a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 14 contracts

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-11xs), Lehman Brothers (Structured Adjustable Rate Mortgage Loan Trust Series 2007-5), Reconstituted Servicing Agreement (Lehman Mortgage Trust 2007-10)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple or leasehold property located in the state identified in the related Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's ’s Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes. None of the Mortgaged Properties are Manufactured Homes, log homes, mobile homes, geodesic domes or other unique property types;

Appears in 6 contracts

Samples: Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-15ar), Assignment, Assumption and Recognition Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar), Indemnification and Contribution Agreement (Morgan Stanley Mortgage Loan Trust 2007-14ar)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property or subject to a Ground Lease located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines applicable Xxxxxx Mae and Xxxxxxx Mac requirements regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 3 contracts

Samples: Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp), Master Repurchase Agreement (Homebanc Corp)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property or a Cooperative Loan located in the state identified in the related Mortgage Loan Schedule and consists of a single parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit developmentdevelopment or a manufactured dwelling permanently affixed to the ground, provided, however, that any condominium project unit or planned unit development shall conform with the Company's applicable Underwriting Guidelines regarding such dwellings, dwellings and that no residence or dwelling is a mobile home, a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 2 contracts

Samples: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-7n), Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Lehman XS Trust Series 2007-15n)

AutoNDA by SimpleDocs

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property or subject to a Ground Lease located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines applicable Xxxxxx Mae and Xxxxxxx Mac requirements regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property or subject to a Ground Lease located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines applicable Fxxxxx Mae and Fxxxxxx Mac requirements regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 1 contract

Samples: Master Repurchase Agreement (Homebanc Corp)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform conforms with the Company's Underwriting Guidelines applicable Xxxxxx Xxx and Xxxxxxx Mac requirements regarding such dwellings, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, two-to-four two_to_four family dwelling, an individual condominium unit in a low-rise low_rise condominium project, or an individual unit in a planned unit development, provided, however, that any condominium project or planned unit development shall conform with the Company's Underwriting Guidelines regarding such dwellings, and no residence or dwelling is a mobile home, a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;

Appears in 1 contract

Samples: Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2005-14)

Location and Type of Mortgaged Property. The Mortgaged Property is a fee simple property located in the state identified in the Mortgage Loan Schedule and consists of a parcel of real property with a detached single family residence erected thereon, twoor a two- to four-to-four family dwelling, or an individual condominium unit in a low-rise condominium project, or an individual unit in a planned unit development, ; provided, however, that any condominium project or planned unit development conforms with the applicable Agency requirements regarding such dwellings or shall conform with to the Company's Underwriting Guidelines regarding such dwellingsGuidelines, and no residence or dwelling is a mobile home, home or a manufactured dwelling, a modular home or rural property. No portion of the Mortgaged Property is used for commercial purposes;; provided that the Mortgaged Property may be a mixed-use property if such Mortgaged Property conforms to the Underwriting Guidelines.

Appears in 1 contract

Samples: Master Repurchase Agreement (AmeriHome, Inc.)

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