The brand new consolidated dominating number will not meet or exceed the credit Restrict from brand new HELOC

The brand new consolidated dominating number will not meet or exceed the credit Restrict from brand new HELOC

(t) Occupancy of the Mortgaged Property. At origination and, to the best of the Seller’s knowledge, as of the related Closing Date, the Mortgaged Property is lawfully occupied in accordance with the related Mortgage and under applicable law. All inspections, licenses and certificates required to be made or issued with respect to all occupied portions of the Mortgaged Property and, with respect to the use and occupancy of the same, including but not limited to certificates of occupancy and, if applicable, fire underwriting certificates, have been made or obtained from the appropriate authorities. Continue reading “The brand new consolidated dominating number will not meet or exceed the credit Restrict from brand new HELOC”