Common use of Mortgaged Property Undamaged; No Condemnation Proceedings Clause in Contracts

Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the Seller’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, so as to affect adversely the Appraised Value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Jpmac 2006-Wmc4), Pooling and Servicing Agreement (Jpmac 2006-Wmc1), Pooling and Servicing Agreement (Jpmac 2006-Wmc2)

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Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the knowledge of the Seller’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, casualty so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intendedintended and each Mortgaged Property is in good repair.

Appears in 2 contracts

Samples: Master Repurchase Agreement (loanDepot, Inc.), Master Repurchase Agreement (loanDepot, Inc.)

Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the Seller’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, casualty so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intendedintended and each Mortgaged Property is in good repair.

Appears in 1 contract

Samples: Master Repurchase Agreement (Angel Oak Mortgage, Inc.)

Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the Seller’s 's knowledge, threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, casualty so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GSAMP Trust 2005-He6)

Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the Seller’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property and such property is in good average repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1)

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Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, or to the Seller’s knowledge, knowledge threatened for the total or partial condemnation of the Mortgaged Property. The Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, casualty so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.;

Appears in 1 contract

Samples: Reconstituted Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates, Series 2005-10)

Mortgaged Property Undamaged; No Condemnation Proceedings. There is no proceeding pending or, to the SellerCompany’s knowledge, threatened for the total or partial condemnation of the Mortgaged Property and such property is in good repair and is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty, so as to affect adversely the Appraised Value value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (J.P. Morgan Mortgage Acquisition Trust 2007-He1)

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