Common use of Location of Improvements Clause in Contracts

Location of Improvements. All improvements which were considered in determining the appraised value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property, or the policy of title insurance affirmatively insures against loss or damage by reason of any violation, variation, encroachment or adverse circumstance which is either disclosed or would have been disclosed by an accurate survey. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation.

Appears in 2 contracts

Samples: Mortgage Purchase (Federal Home Loan Bank of Cincinnati), Mortgage Purchase (Federal Home Loan Bank of Cincinnati)

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Location of Improvements. All improvements which were considered in determining the appraised value of the Mortgaged Property lie wholly within the boundaries and building restriction lines of the Mortgaged Property, or the policy of title insurance affirmatively insures against loss or damage by reason of any violation, variation, encroachment encroachment, or adverse circumstance which is either disclosed or would have been disclosed by an accurate survey. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation.

Appears in 2 contracts

Samples: Selling and Servicing Master Agreement, Selling and Servicing Master Agreement

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Location of Improvements. All improvements which were considered in determining the appraised value of the Mortgaged Property lie lay wholly within the boundaries and building restriction lines of the Mortgaged Property, no improvements on adjoining properties encroach upon the Mortgaged Property, or the policy of title insurance affirmatively insures against loss or damage by reason of any violation, variation, encroachment or adverse circumstance which is either disclosed or would have been disclosed by an accurate survey. No improvement located on or being part of the Mortgaged Property is in violation of any applicable zoning law or regulation.

Appears in 2 contracts

Samples: Mortgage Loan Repurchase Agreement (Sirva Inc), Mortgage Loan Purchase and Sale Agreement (National Credit & Guaranty CORP)

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