Common use of Borrower Acknowledgment of Funding Lender’s Right to Change Insurance Requirements Clause in Contracts

Borrower Acknowledgment of Funding Lender’s Right to Change Insurance Requirements. Borrower acknowledges and agrees that Funding Xxxxxx’s Insurance requirements may change from time to time throughout the term of the Indebtedness to include coverage for the kind of risks customarily insured against and in such minimum coverage amounts and maximum deductibles as are generally required by institutional lenders for properties comparable to the Mortgaged Property.

Borrower Acknowledgment of Funding Lender’s Right to Change Insurance Requirements. Borrower acknowledges and agrees that Funding XxxxxxLender’s Insurance requirements may change from time to time throughout the term of the Indebtedness to include coverage for the kind of risks customarily insured against and in such minimum coverage amounts and maximum deductibles as are generally required by institutional lenders for properties comparable to the Mortgaged Property.