Attorney Opinion Letter Template Page 3
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3enforcement thereof may be limited by bankruptcy, insolvency, reorganization, moratorium or
other similar laws affecting the enforcement of creditors rights.
6.
The Mortgaged Property is not located within an area designated as subject to flood hazard
by the Federal Insurance Administration Department of Housing and Urban Development and
federal flood insurance is not required. There are no applicable flood control, inland wetland or
other related laws and regulations with which the Borrower must comp1y.
7.
The Mortgaged Property, the buildings thereon and the use thereof do not violate any laws
or regulations relating to zoning, subdivision of land, tidal wetlands or the conducting of activities
within inland wetlands and water courses for which permits are required.
8.
There are no pending or. to the best of our knowledge, threatened claims, lawsuits,
administrative proceedings, assessments or other litigation against the Borrower or any of the
Guarantors which, if adversely determined, would have a material adverse effect on the financial
condition or operations of the Borrower or any of the Guarantors.
Very truly yours,
Cc:
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