Common use of Flood Certification Contract Clause in Contracts

Flood Certification Contract. If the Mortgaged Property relating to such Mortgage Loan is in an area designated as a flood area by the Federal Emergency Management Agency, a flood insurance policy complying with all Requirements of Law is in effect.

Appears in 4 contracts

Sources: Master Repurchase Agreement, Master Repurchase Agreement (Lennar Corp /New/), Master Repurchase Agreement (Ryland Group Inc)