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Common use of Fee Simple Clause in Contracts

Fee Simple. Unless the Mortgage Loan is covered by the representation and warranty in the immediately following paragraph (xlv), the Mortgage Loan is secured in whole or material part by a fee simple interest.

Appears in 2 contracts

Sources: Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2007-C2), Mortgage Loan Purchase Agreement (LB-UBS Commercial Mortgage Trust 2007-C2)

Related Clauses

  • Asset Management Fee
  • Asset Management Fees
  • Fraud, Waste, and Abuse
  • Line Side
  • New Hampshire Specific Data Security Requirements

Parent Clauses

  • Real Property
  • Assets
  • Representations and Warranties of Sellers
  • NO RIGHT TO TERMINATE AFTER PRE-CLOSING DATE
  • REPRESENTATIONS AND WARRANTIES OF SELLER

Sub-Clauses

  • Principals of Construction
  • Non-Judical Foreclosure
  • Appointment and Substitution of Trustee
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