Insurance Notice. Lender hereby notifies Borrower of the provisions of Section 2955.5(a) of the California Civil Code, which 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.”
Insurance Notice. Licensee is hereby advised that neither Agent nor Owner carries insurance on Licensee’s personal possessions and Licensee is strongly encouraged to secure Unit dweller’s or similar insurance to cover any loss or damage to Licensee’s personal property. The Owner, Agent, and University assume no responsibility for the damage, theft or loss of personal property. Licensees are strongly recommended to secure insurance with a carrier of his/her choice to insure protection against loss. Licensee may choose, at his/her own risk, to leave personal property in his/her assigned space during Holiday/Break/Low Occupancy Periods. However, the Agent and University strongly encourage Licensee to remove any valuable personal property, lock their doors, and take measures to secure their own personal property.
Insurance Notice. Each such policy of insurance to be provided hereunder shall contain, to the extent obtainable on a commercially reasonable basis, (a) a provision that no act or omission of Developer which would otherwise result in forfeiture or reduction of the insurance therein provided shall affect or limit the obligation of the insurance company to pay City or EDC the amount of any loss sustained to the extent of its insurable interest, if any, and (b) an agreement by the insurer that such policy shall not be canceled or modified without at least thirty (30) days prior written notice by registered mail, return receipt requested, to City and EDC.
Insurance Notice. Lender hereby notifies Borrower of the provisions of Section 2955.5(a) of the California Civil Code, which 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.” This disclosure is being made by Lender to Borrower pursuant to Section 2955.5(b) of the California Civil Code. Borrower hereby acknowledges receipt of this disclosure and acknowledges that this disclosure has been made by Agent before execution of the Note.
Insurance Notice. To Agent, disclosure of losses or casualties required by Section 5.4 of this Agreement.
Insurance Notice. If You do not purchase the required property insurance, the insurance We may purchase and charge Borrower(s) for will cover only Our interest in the Property. The premium for this insurance may be higher because the insurance company may have given Us the right to purchase insurance after uninsured collateral is lost or damaged. The insurance will not be liability insurance and will not satisfy any state financial responsibility or no fault laws.
Insurance Notice. Mortgagor hereby acknowledges that it has been informed by an authorized representative on behalf of Mortgagee that, although Mortgagor may be required by Mortgagee, as lender, to purchase insurance to cover the Mortgaged Property that is being used as security for the Secured Obligations, Mortgagor may, subject to complying the requirements of this Mortgage, purchase that insurance from the insurance company or agent of Mortgagor’s choice, and cannot be required by Mortgagee, as a condition of the conveyance of loan, to purchase or renew any policy of insurance covering the Mortgaged Property through any particular insurance company, agent, solicitor, or broker. Mortgagor hereby acknowledges receipt of a true copy of this notice which constitutes the Freedom to Choose Insurance Company and Insurance Professional Notice required by applicable provisions of law, as of the date of this Deed of Trust.
Insurance Notice. In no event shall Seller’s obligations hereunder be limited to the extent of any insurance available to or provided by the Seller or any Subcontractor. Seller expressly waives any immunity under industrial insurance, whether arising from Title 51.04.010 et seq. of the Revised Code of Washington or any other statute or source, to the extent of the indemnity set forth in this Section 17(a) (Indemnification, Negligence of Seller or Subcontractor). Buyer shall (i) notify Seller in writing of any Claim as soon as practicable upon learning of same, (ii) give the Seller the opportunity, and authority, to defend, settle or participate in the defense or settlement of the Claim, and (iii) provide to Seller reasonable requested assistance (at Seller’s expense).
Insurance Notice. Each such policy of insurance to be provided hereunder shall contain, to the extent obtainable on a commercially reasonable basis, an agreement by the insurer that such policy shall not be canceled or modified without at least thirty (30) days prior written notice by registered mail, return receipt requested, to the City.
Insurance Notice. A mortgage is usually contingent on an insurance binder; therefore, Buyer is highly advised to seek a quote or binder for insurance including, but not limited to, flood, dwelling, and wind, on or before the Mortgage Contingency Deadline. Insurance availability and cost may vary based upon factors, including but not limited to, location, age, condition, and past history of the property.
