Examples of Hazard Insurance Policy in a sentence

Copies of the Hazard Insurance Policy with a clause making the loss payable to the HFA.
During the term that the Mortgage Loan is outstanding, the Servicer shall retain, with respect to such Mortgage Loan, the following documents: (1) Affidavit of Purchaser; (2) Seller’s Affidavit and Certification; (3) Standard Hazard Insurance Policy and, if applicable, Flood Insurance Policy; and (4) evidence of FHA or VA or USDA Rural Development or PMI Insurer approval, as applicable.
As of the Mortgage Purchase Date, the improvements upon the real property subject to the Mortgage Loan will be covered by a valid Standard Hazard Insurance Policy, Flood Insurance Policy, if applicable, and Multi-peril Policy for Condominiums, if applicable, and as required by FHA or VA or USDA Rural Development regulations or the PMI Insurer and the GNMA Guide, Xxxxxxx Mac or Xxxxxx Mae, as applicable.
Standard Hazard Insurance Policy means a standard homeowner’s fire insurance policy with extended coverage as approved by the Insurance Commissioner of the State, and which qualifies under all applicable requirements of FHA, USDARD, VA or Fannie Mae, as applicable.
Obtain an original Fire and Hazard Insurance Policy and a copy of the paid receipt indicating that it has been activated.

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. Defined in Section 3.02(xv).