Common use of Type of Mortgaged Property Clause in Contracts

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development, or an individual unit in a residential cooperative housing corporation; provided, however, that any condominium unit, planned unit development or residential cooperative housing corporation shall conform with the Underwriting Guidelines. No portion of the Mortgaged Property is used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of the Mortgaged Properties are Manufactured Homes, log homes, mobile homes, geodesic domes or other unique property types;

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that located in the United States and consists of a single parcel of real property with a detached single family residence erected thereon, a townhouse or a two- two to four-four family dwelling, or an individual residential condominium unit in a condominium projectunit, or an individual unit in a planned unit development or a de minimis planned unit development, or an individual unit a Co-op Unit in a residential cooperative housing corporationCo-op Project; provided, however, provided that any condominium unit, project or planned unit development or residential cooperative housing corporation shall conform with generally conforms to the Underwriting Guidelinesapplicable Agency Guidelines regarding such dwellings. No As of the date of origination, no portion of the Mortgaged Property is was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, provided that Mortgaged Properties which that contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of If the Mortgaged Properties are Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project is acceptable to Buyer. The Mortgaged Property is not a Manufactured Homes, log homes, Home or a mobile homes, geodesic domes or other unique property types;home.

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that located in the United States and consists of a single parcel of real property with a detached single family residence erected thereon, or a two- two to four-four family dwelling, or an individual residential condominium unit in a condominium projectunit, or an individual unit in a planned unit development, or an individual unit a Cooperative Unit in a residential cooperative housing corporationCooperative Project; provided, however, that any condominium unit, project or planned unit development or residential cooperative housing corporation shall conform with generally conforms to the Underwriting GuidelinesTakeout Guidelines regarding such dwellings. No As of the date of origination, no portion of the Mortgaged Property is was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of If the Mortgaged Properties are Property is a condominium unit or a planned unit development (other than a de minimis planned unit development) such condominium or planned unit development project is acceptable to Buyer. The Mortgaged Property is not a Manufactured Homes, log homes, Home or a mobile homes, geodesic domes or other unique property types;home.

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that located in the United States and consists of a single parcel of real property with a detached single family residence erected thereon, a townhouse or a two- two to four-four family dwelling, or an individual residential condominium unit in a condominium projectunit, or an individual unit in a planned unit development or a de minimis planned unit development, or an individual unit a Co-op Unit in a residential cooperative housing corporationCo-op Project; provided, however, provided that any condominium unit, project or planned unit development or residential cooperative housing corporation shall conform with generally conforms to the Underwriting Guidelinesapplicable Agency Guidelines regarding such dwellings. No As of the date of origination, no portion of the Mortgaged Property is was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, provided that Mortgaged Properties which that contain a home office shall not be considered as being used for commercial purposes as long as the entire Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of the The Mortgaged Properties are Property is not a Manufactured Homes, log homes, Home or a mobile homes, geodesic domes or other unique property types;home.

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that located in the United States and consists of a single parcel of real property with a detached single family residence erected thereon, a townhouse or a two- two to four-four family dwelling, or an individual residential condominium unit in a condominium projectunit, or an individual unit in a planned unit development or a de minimis planned unit development, or an individual unit a Cooperative Unit in a residential cooperative housing corporationCooperative Project; provided, however, provided that any condominium unit, project or planned unit development or residential cooperative housing corporation shall conform with generally conforms to the Underwriting Guidelinesapplicable Agency Guidelines regarding such dwellings. No As of the date of origination, no portion of the Mortgaged Property is was used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, provided that Mortgaged Properties which that contain a home office shall not be considered as being used for commercial purposes as long as the entire Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of the The Mortgaged Properties are Property is not a Manufactured Homes, log homes, Home or a mobile homes, geodesic domes or other unique property types;home.

Type of Mortgaged Property. The Mortgaged Property is a fee simple estate that consists of a single parcel of real property with a detached single family residence erected thereon, or a two- to four-family dwelling, or an individual residential condominium unit in a condominium project, or an individual unit in a planned unit development, or an individual unit in a residential cooperative housing corporation; provided, however, that any condominium unit, planned unit development or residential cooperative housing corporation shall conform with the Underwriting GuidelinesAcoustic's underwriting guidelines. No portion of the Mortgaged Property is used for commercial purposes, and since the date of origination, no portion of the Mortgaged Property has been used for commercial purposes; provided, that Mortgaged Properties which contain a home office shall not be considered as being used for commercial purposes as long as the Mortgaged Property has not been altered for commercial purposes and is not storing any chemicals or raw materials other than those commonly used for homeowner repair, maintenance and/or household purposes. None of the Mortgaged Properties are Manufactured Homesmanufactured homes, log homes, mobile homes, geodesic domes or other unique property types;