Type of Mortgaged Property. The Mortgaged Property consists of a single parcel of real property with a detached single-family residence erected thereon, or a two-to-four-family dwelling, a townhouse, or an individual condominium unit in a condominium, or an individual unit in a planned unit development, or an individual cooperative apartment unit or a manufactured home permanently affixed to real property (owned or leased land); provided, however, that any condominium unit or planned unit development conforms with Investor and Insurer requirements with respect to such dwellings, and that no residence or dwelling is a mobile home that has not been converted to real property.
Appears in 3 contracts
Samples: Loan Purchase Agreement, Loan Purchase Agreement, Loan Purchase Agreement
Type of Mortgaged Property. The Mortgaged Property consists of a single parcel of real property with a detached single-family residence erected thereon, or a two-to-four-family dwelling, a townhouse, or an individual anindividual condominium unit in a condominium, or an individual unit in a planned unit development, or an individual cooperative individualcooperative apartment unit or a manufactured home permanently affixed to real property (owned or leased land); provided, however, that any condominium unit or planned unit development conforms with Investor and Insurer requirements with respect to such dwellings, and that no residence or dwelling is a mobile home that has not been converted to real property.
Appears in 2 contracts
