Insurance of Xxxxxxxx(s) Sample Clauses

Insurance of Xxxxxxxx(s). The Borrower(s) may avail life and / or health insurance cover for himself with the lender as the sole beneficiary under the policy /policies. In the event of failure, the lender may but shall not bound to insure the property at the borrower’s cost and the lender is authorized to add the same in charges payable by the borrower(s). Note: Lender may act only as a facilitator for insurance and shall have no liability for any claim under the policies.
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