Flood Insurance. Satisfactory evidence, which may consist of a letter from the appropriate agent of the National Flood Insurance Association that the Land is not located in an area designated by the Secretary of Housing and Urban Development as having special flood hazards. In the event the Land is so located, and the City approves continuing with the Loan, Borrower shall provide the City with satisfactory evidence that the maximum amount of available flood insurance is in effect.
Appears in 29 contracts
Samples: Loan Agreement, Loan Agreement, Agreement
Flood Insurance. Satisfactory evidence, which may consist of a letter from the appropriate agent of the National Flood Insurance Association Association, that the Land is not located in an area designated by the Secretary of Housing and Urban Development as having special flood hazards. In the event the Land is so located, and the City approves continuing with the Loan, Borrower shall provide the City with satisfactory evidence that the maximum amount of available flood insurance is in effect.
Appears in 4 contracts
Samples: www.durhamnc.gov, Forgivable Loan Agreement, Forgivable Loan Agreement
