Manufactured Homes Sample Clauses
The Manufactured Homes clause defines the terms and conditions related to the presence, sale, or transfer of manufactured or mobile homes on a property. Typically, it clarifies whether such homes are included in the sale, addresses ownership of the home versus the underlying land, and may specify requirements for title transfer or removal prior to closing. This clause ensures that both parties understand the status and disposition of any manufactured homes, preventing disputes over ownership or responsibility at the time of sale.
POPULAR SAMPLE Copied 1 times
Manufactured Homes. In the case of manufactured homes, the PURCHASER shall ensure that the manufactured home is attached to a permanent foundation.
Manufactured Homes. The related manufactured home is a "manufactured home" within the meaning of Section 5402(6) of Title 42 of the United States Code.
Manufactured Homes. With respect to each Mortgage Loan secured by a Manufactured Home: (a) the manufactured home is permanently affixed to a foundation which is suitable for the soil conditions of the site; (b) any wheels, axles and trailer hitches are removed from the manufactured home; (c) the Mortgage Loan is covered under a standard real estate title insurance policy or attorney's title opinion certificate that identifies the manufactured home as part of the real property and insures or indemnifies against any loss if the manufactured home is determined not to be part of the real property; and
Manufactured Homes. With respect to each Mortgage Loan secured by a manufactured home: (i) the manufactured home is permanently affixed to a foundation which is suitable for the soil conditions of the site; (ii) all foundations, both perimeter and interior, have footings that are located below the frost line; (iii) any wheels, axles and trailer hitches are removed from the manufactured home; (iv) the Mortgage Loan is covered under a standard real estate title insurance policy or attorney’s title opinion or certificate that identified the manufactured home as part of the real property and insures or indemnifies against any loss if the manufactured home is determined not to be part of the real property. In no event shall any Mortgage Loan be secured by a mobile home;
Manufactured Homes. Manufac- tured homes under a program must comply with the Manufactured Home Construction and Safety Standards in
Manufactured Homes. Manufac- tured homes under a program must comply with the Manufactured Home Construction and Safety Standards in 24 CFR part 3280; the installation, structural, and site requirements de- scribed in 24 CFR 203.43f; and the en- ergy performance requirements of 24 CFR 200.926d(e). [54 FR 22258, May 22, 1989. Redesignated at 61 FR 42953, Aug. 19, 1996] In addition to the requirements set forth in 24 CFR part 5, the following additional Federal requirements apply to this program:
(1) The affirmative fair housing marketing requirements at 24 CFR part 200, subpart M, and the implementing regulations at 24 CFR part 108.
(2) Racial and ethnic data collection re- quirements. Recipients must maintain current data on the race and ethnicity of program beneficiaries.
Manufactured Homes. To the extent that any manufactured home is included as part of the Mortgaged Property: such manufactured home is (1) together with the related land, subject to the Mortgage, (2) deemed to be a apart of the real property on which it is located pursuant to the Applicable Law of the jurisdiction in which it is located, and (3) treated as a single-family residence under Section 25(e)(10) of the Internal Revenue Code;
Manufactured Homes. With respect to any Manufactured Home Loan, Empire Funding hereby represents:
Manufactured Homes. The overhead service equipment for a manufactured home may be installed one of two ways: ▪ The customer mounts the service equipment on a Grant PUD installed and Customer-owned meter pole. ▪ The meter base is mounted on the manufactured home and both conditions are met:
Manufactured Homes. An Insured Loan cannot be secured by a manufactured home.