Common use of Mortgaged Property Undamaged Clause in Contracts

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledge, 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; and

Appears in 15 contracts

Sources: Pooling and Servicing Agreement (Bear Stearns ARM Trust 2007-4), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust 2006-4), Pooling and Servicing Agreement (Citigroup Mortgage Loan Trust Inc., Series 2007-Ar7)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledge, 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; and;

Appears in 11 contracts

Sources: Mortgage Loan Purchase Agreement (Lehman XS Trust Series 2007-15n), Mortgage Loan Purchase Agreement (Lehman XS Trust Series 2007-7n), Servicing Agreement (Lehman Mortgage Trust 2007-5)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledge, 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; and;

Appears in 11 contracts

Sources: Flow Mortgage Loan Purchase, Warranties and Servicing Agreement (Sasco 2006-Bc3), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2006-9), Flow Seller’s Warranties and Servicing Agreement (Structured Adjustable Rate Mortgage Loan Trust Series 2007-1)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the CompanySeller’s knowledge, 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; and.

Appears in 2 contracts

Sources: Master Repurchase Agreement (Aames Investment Corp), Master Repurchase Agreement (WMC Finance Co)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s Originator's knowledge, 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; and;

Appears in 1 contract

Sources: Pooling and Servicing Agreement (Merrill Lynch Mortgage Investors Trust, Series 2006-F1)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s 's knowledge, 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; and

Appears in 1 contract

Sources: Servicing Agreement (Structured Asset Securities Corp Mort Pas THR Cer Se 2002-2)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledge, 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; and.

Appears in 1 contract

Sources: Master Repurchase Agreement (New York Mortgage Trust Inc)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the CompanySeller’s knowledgeknowledge and belief, 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 materially adversely the value of the Mortgaged Property as security for the Mortgage Eligible Loan or the use for which the premises were intended; and.

Appears in 1 contract

Sources: Mortgage Loan Repurchase and Servicing Agreement (PHH Corp)

Mortgaged Property Undamaged. There To the best of the Seller's knowledge, there is no proceeding pending or, to the best of the Company’s knowledge, 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 have a material adverse effect on the value of the Mortgaged Property as security for the Mortgage Loan or the use for which the premises were intended; and;

Appears in 1 contract

Sources: Mortgage Loan Purchase and Assignment Agreement (CWHEQ, Inc.)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledge, or threatened ---------------------------- for the total or partial condemnation of the Mortgaged PropertyProperty relating to the Purchased Mortgage Loan. The Such 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 Purchased Mortgage Loan or the use for which the premises were intended; and;

Appears in 1 contract

Sources: Master Repurchase Agreement (First Alliance Corp /De/)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the Company’s knowledgeSeller's knowledge and belief, 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 materially adversely the value of the Mortgaged Property as security for the Mortgage Eligible Loan or the use for which the premises were intended; and.

Appears in 1 contract

Sources: Mortgage Loan Repurchase and Servicing Agreement (PHH Corp)

Mortgaged Property Undamaged. There is no proceeding pending or, to the best of the CompanySeller’s knowledge, 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; and;

Appears in 1 contract

Sources: Master Repurchase Agreement (WMC Finance Co)