Condition of the Mortgaged Property Sample Clauses

Condition of the Mortgaged Property. (a) Seller has not received notice of any pending or, to Seller’s Knowledge, threatened steps to affect the compulsory purchase of all or any material portion of the Mortgaged Property and (b) to Seller’s Knowledge (based on valuations obtained in connection with the origination of a Mortgage Loan) as of the date of the origination of such Mortgage Loan, no such valuation disclosed any matter or thing that would materially and adversely affect the value or marketability of the Mortgaged Property.

Condition of the Mortgaged Property. Borrower represents that:

Condition of the Mortgaged Property. There is no proceeding pending or ----------------------------------- threatened for the total or partial condemnation of the mortgaged property. The 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 mortgaged property as security for the Mortgage Loan or the use for which the premises were intended. The mortgaged property is free from any and all toxic or hazardous substances and there exists no violation of any local, state or federal environmental law, rule or regulation.

Condition of the Mortgaged Property. Borrower represents that: (1) Borrower has not made any claims, and to Borrower’s knowledge, no claims have been made, against any contractor, engineer, architect, or other party with respect to the construction or condition of any Mortgaged Property or the existence of any structural or other material defect therein; (2) except with respect to a Release Mortgaged Property that is the subject of a Release Request, no Mortgaged Property has sustained any damage other than damage which has been fully repaired, or is fully insured and is being repaired in the ordinary course of business; and (3) except as disclosed in any third party report delivered to Lender prior to the date on which any Mortgaged Property is added to the Collateral Pool, to the knowledge of Borrower, the Mortgaged Properties are in good condition, order, and repair, and there exist no structural or other material defects in any Mortgaged Property (whether patent, latent, or otherwise), and Borrower has not received notice from any insurance company or bonding company of any defects or inadequacies in any Mortgaged Property, or any part of it, which would adversely affect the insurability of such Mortgaged Property or cause the imposition of extraordinary premiums or charges for insurance or of any termination or threatened termination of any policy of insurance or bond.

Condition of the Mortgaged Property. The Improvements are not now ----------------------------------- damaged or injured as a result of any fire, explosion, accident, flood or other casualty.

Condition of the Mortgaged Property. The Borrower shall (a) not permit the Mortgaged Property (or any portion thereof) to be removed, demolished or altered, (b) maintain the Mortgaged Property in good repair, working order and condition, (c), notwithstanding anything to the contrary contained herein, repair, replace and restore the Improvements and the Personal Property now or hereafter damaged or destroyed by any casualty or other event (whether or not insured against and insurable) or affected by any Taking so that, when repaired, replaced and restored, the same shall be (i) at least equal in quality, usefulness and value as the Improvements and the Personal Property which existed immediately prior to such casualty, event or Taking, as the case may be and (ii) of the same type and character as the type and character of the Improvements and the Personal Property existing on the date of this Deed of Trust and (d) perform any and all construction, equipping, alteration, repair, replacement