Common use of HAZARD INSURANCE DISCLOSURE Clause in Contracts

HAZARD INSURANCE DISCLOSURE. This Section is being furnished by the Administrative Agent in compliance with Section 2955.5(b) of the California Civil Code. California Civil Code Section 2955.5 (a) reads as follows: "No lender shall require a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property". Each Borrower acknowledges and agrees that the above disclosure was made by the Administrative Agent to the Borrowers prior to execution of this Agreement and the other Loan Documents.

HAZARD INSURANCE DISCLOSURE. This Section is being furnished by the Administrative Agent Lender in compliance with Section 2955.5(b) of the California Civil Code. California Civil Code Section 2955.5 (a) reads as follows: "“No lender shall require a borrower, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property". Each .” Borrower acknowledges and agrees that the above disclosure was made by the Administrative Agent Lender to the Borrowers Borrower prior to execution of this Agreement and Security Instrument, the Note or the other Loan Documents.

HAZARD INSURANCE DISCLOSURE. This Section is being furnished by the Administrative Agent in compliance with Section 2955.5(b) of the California Civil Code. California Civil Code Section 2955.5 (a2955(a) reads as follows: "No lender Lender shall require a borrowerGrantor, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property". Each ." Borrower acknowledges and agrees that the above disclosure was made by the Administrative Agent to the Borrowers Borrower prior to execution of this Agreement and the other Loan Documents.

HAZARD INSURANCE DISCLOSURE. This Section is being furnished by the Administrative Agent in compliance with Section 2955.5(b) of the California Civil Code. California Civil Code Section 2955.5 (a2955(a) reads as follows: "“No lender Lender shall require a borrowerGrantor, as a condition of receiving or maintaining a loan secured by real property, to provide hazard insurance coverage against risks to the improvements on that real property in an amount exceeding the replacement value of the improvements on the property". Each .” Borrower acknowledges and agrees that the above disclosure was made by the Administrative Agent to the Borrowers Borrower prior to execution of this Agreement and the other Loan Documents.