Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a), the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or (b) any previous damage to the Mortgaged Property has been fully restored. 2. Section 5.09(a) is deleted in its entirety and replaced with the following:
Appears in 3 contracts
Sources: Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.), Multifamily Loan and Security Agreement (Steadfast Income REIT, Inc.)
Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a), ) the Mortgaged Property has not been damaged by fire, water, wind or other cause of loss, or (b) any previous damage to the Mortgaged Property has been fully restored.
2. Section 5.09(a5.06(b) is deleted in its entirety and replaced with the following:
Appears in 2 contracts
Sources: Multifamily Loan and Security Agreement (Steadfast Apartment REIT III, Inc.), Multifamily Loan and Security Agreement (Steadfast Apartment REIT III, Inc.)
Condition of Mortgaged Property. Except as Borrower may have disclosed to Lender in writing in connection with the issuance of the Commitment Letter or except for ordinary wear and tear, (a)Letter, the Mortgaged Property has not been materially damaged by fire, water, wind or other cause of loss, or (b) any previous except to the extent such damage to the Mortgaged Property has been fully restored.
2. 5. Section 5.09(a) 5.03 is deleted revised to read in its entirety and replaced with the followingas follows:
Appears in 1 contract
Sources: Multifamily Loan and Security Agreement (New Senior Investment Group Inc.)