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Ensure all ImprovementsImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now constructed or hereafter constructed or placed on the land upon which the Property is located, together with all fixtures (as defined in the Uniform Commercial Code).
:
- were completed in a good and workmanlike manner per the approved plans and specifications;
- are LienLienLien, mortgage, bond interest, pledge, security interest, charge, or encumbrance of any kind.
-free; and
- for all governmental authorities with jurisdiction over the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code).
, comply with all
- applicable laws,
- building codes,
- zoning requirements,
- subdivision requirements,
- fire and safety laws,
- ADA requirements, and
- design and construction requirements per the Fair Housing Act.
Obtain:
- certificates and reports showing the BorrowerBorrowerPerson who is the obligor per the Note.
completed all ImprovementsImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now constructed or hereafter constructed or placed on the land upon which the Property is located, together with all fixtures (as defined in the Uniform Commercial Code).
per the GuideGuideMultifamily Selling and Servicing Guide that:
controls all Lender and Servicer requirements unless a Lender Contract specifies otherwise; and
includes any exhibits, appendices, or other referenced forms, as updated, amended, restated, modified, or supplemented.
from the
- architect,
- consulting architect, and
- other project consultants;
- evidence of all public utilities for the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code).
;
- copies of:
- all PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code).
operating permits and licenses; and
- either:
- each unconditional certificate of occupancy (or the local equivalent) for all required portions of the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code).
; or
- evidence the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code).
passed all inspections and received all approvals before occupancy, if local law does not require certificates of occupancy; and
- a Certification of Substantial Completion (AIA Document G704) stating the ImprovementsImprovementsBuildings, structures, improvements, and alterations, including the multifamily housing dwellings, now constructed or hereafter constructed or placed on the land upon which the Property is located, together with all fixtures (as defined in the Uniform Commercial Code).
were completed per the final plans and specifications, and executed by the appropriate parties, including the
- architect,
- general contractor, and
- BorrowerBorrowerPerson who is the obligor per the Note.
.
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