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

Mortgaged Property Undamaged; No Condemnation Proceedings. With respect to each Mortgage Loan, to the Servicer's knowledge, there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. To the Servicer's knowledge, the related Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the related Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each related Mortgaged Property is in good repair;

Appears in 4 contracts

Samples: Pooling and Servicing Agreement (Mortgage Pass-Through Certificates Series 2003-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc CDC Mort Cap Tr 2003 He4), Pooling and Servicing Agreement (Morgan Stanley Mortgage Pass THR Cert Ser 2003-He1)

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Mortgaged Property Undamaged; No Condemnation Proceedings. With respect to each Mortgage Loan, to the ServicerProvident's knowledge, there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. To the ServicerProvident's knowledge, the related Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the related Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each related Mortgaged Property is in good repair;

Appears in 3 contracts

Samples: Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Series 2002-Am3), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc Trusts 2002 He3), Pooling and Servicing Agreement (Morgan Stanley Dean Witter Capital I Inc Trust 2002 Am2)

Mortgaged Property Undamaged; No Condemnation Proceedings. With respect to each Aames Mortgage Loan, to the ServicerProvident's knowledge, there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. To the ServicerProvident's knowledge, the related Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the related Mortgaged Property as security for the Aames Mortgage Loan or the use for which the premises were intended and each related Mortgaged Property is in good repair;

Appears in 2 contracts

Samples: Pooling and Servicing Agreement (Mortgage Pass Through Certificates Series 2002-He2), Pooling and Servicing Agreement (Morgan Stanley Abs Capital I Inc)

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Mortgaged Property Undamaged; No Condemnation Proceedings. With respect to each Mortgage Loan, to the Servicer's knowledgebest knowledge of the Servicer and except as the Servicer has previously notified the Unaffiliated Seller in writing, there is no proceeding pending or threatened for the total or partial condemnation of the Mortgaged Property. To the Servicer's knowledge, the related Mortgaged Property is undamaged by waste, fire, earthquake or earth movement, windstorm, flood, tornado or other casualty so as to affect adversely the value of the related Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended and each related Mortgaged Property is in good repair;

Appears in 1 contract

Samples: Pooling and Servicing Agreement (Morgan Stanley Abs Capital 1 Inc CDC Mort Cap Trust 2004-He1)

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