Common use of Location of Improvements Clause in Contracts

Location of Improvements. All improvements to the Mortgaged Property that have been included in its appraised value lie within the boundaries of the land as described in the Reimbursement Mortgage, or to the extent that any such improvements encroach onto any adjoining land, each such encroachment does not materially and adversely affect the value, use or salability of the Project. No improvements on neighboring properties encroach onto the Mortgaged Property, or all such encroachments do not materially and adversely affect the value, use or salability of the Project.