Common use of Condition of the Mortgaged Property Clause in Contracts

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