Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, threatened for the total or partial condemnation of the Property. The Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, water, tornado or other casualty so as to adversely affect the value of the Property as security for the Mortgage Loan or the use for which the premises were intended and each Property is in good repair. There have not been any condemnation proceedings with respect to the Property and the Seller and the Depositor have no knowledge of any such proceedings in the future.
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Amresco Residential Securities Corp Mort Loan Trust 1998-1), Pooling and Servicing Agreement (Amresco Residential Securities Corp), Pooling and Servicing Agreement (Amresco Residential Securities Corp Mortgage Loan Tr 1998-2)
