Hazard Insurance Policy definition

Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if the Manufactured Home is secured by an FHA/VA Contract and such Manufactured Home is located in a federally designated special flood area) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in said Section 5.09, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 5.09.
Hazard Insurance Policy. With respect to each Contract, the policy of fire ----------------------- and extended coverage insurance (and federal flood insurance, if applicable) required to be maintained for the related Manufactured Home, as provided in Section 4.09 (which may be a blanket insurance policy maintained by the Servicer in accordance with the terms and conditions of Section 4.09).
Hazard Insurance Policy. With respect to each Contract, the policy of fire and extended coverage insurance (and federal flood insurance, if applicable) required to be maintained for the related Manufactured Home, as provided in Section 5.09, and which, as provided in Section 5.09, may be a blanket insurance policy maintained by the Servicer in accordance with the terms and conditions of Section 5.09.

Examples of Hazard Insurance Policy in a sentence

  • The Servicer, at its option, may microfilm, microfiche or otherwise condense any records or documents constituting a part of, or relating to, any Tax Lien or the Servicer’s Tax Lien File except for the Hazard Insurance Policy or any Flood Insurance Policy, provided that the Servicer will, upon written request by the Collateral Agent and Custodian, promptly reproduce in their entirety any or all such records or documents, the cost of such reproduction to be considered a Lien Administration Expense.


More Definitions of Hazard Insurance Policy

Hazard Insurance Policy. With respect to each Asset, the policy of fire and extended coverage insurance required to be maintained for the related Manufactured Home, as provided in Section 3.10 of the Servicing Agreement, and which, as provided in said Section 3.10 of the Servicing Agreement, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 3.10 of the Servicing Agreement.
Hazard Insurance Policy means, with respect to each Pledged Loan, the policy of fire and extended coverage insurance (and federal flood insurance, if the related real estate is located in a federally-designated special flood area) required by Section 10.19(c) to be maintained for the related real estate’s improvements and which may be a blanket mortgage impairment policy maintained by such Pledged Loan’s Servicer in accordance with the terms and conditions of Section 10.19(c).
Hazard Insurance Policy. With respect to each Account, the policy of fire and extended coverage insurance required to be maintained for the related Mortgaged Property, as provided in Section 2.13 of the Servicing Agreement, and which, as provided in said Section 2.13, may be a blanket mortgage impairment policy maintained by the Servicer in accordance with the terms and conditions of said Section 2.13.
Hazard Insurance Policy is defined in paragraph (bb) of Schedule 15.3.
Hazard Insurance Policy means, with respect to each Purchased Loan, the policy of fire and extended coverage insurance required to be maintained for the related Mortgaged Premises’ improvements (and, if the related Mortgaged Premises are located in a federally-designated special flood area, federal flood insurance issued in accordance with the Flood Disaster Protection Act of 1973, as amended from time to time, or, if repealed, any superseding legislation governing similar insurance coverage, or similar coverage against loss sustained by floods or similar hazards that conforms to the flood insurance requirements prescribed by Xxxxxx Xxx guidelines, which may be provided under a separate insurance policy), which insurance may be a blanket mortgage impairment policy.
Hazard Insurance Policy means, with respect to each Contract, the policy of fire and extended coverage insurance required to be maintained for the related Manufactured Home, pursuant to Section 5.07 which may be a blanket insurance policy maintained by the Servicer.
Hazard Insurance Policy. A policy of fire and hazard insurance issued by a Qualified Insurer that complies with the requirements of Section 10.04 hereof.