Common use of Mortgage Clause Clause in Contracts

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "“mortgagee" ” includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage COVERAGE A - Dwelling or COVERAGE B – Xxxxxxxx Other Structures will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee:. a. Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. and Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt. a. Intentionally concealed or misrepresented any material fact or circumstance; b. Engaged in fraudulent conduct; or c. Made material false statements relating to this insurance.

Mortgage Clause. The word "“mortgagee" ” includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage COVERAGE A - Dwelling or COVERAGE B – Xxxxxxxx Other Structures will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee:. a. Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt. a. Intentionally concealed or misrepresented any material fact or circumstance; b. Engaged in fraudulent conduct; or c. Made material false statements relating to this insurance.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claimcl ai m, that denial will wi l l not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies notifies us of any change in ownership, occu- pancy oc- cupancy or substantial change in risk of which the mortgagee is aware; b. Pays pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating re- lating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgagee. a. We we are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At at our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued ac- crued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx - Dwelling will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee.. If we decide to cancel or not to renew this policy, the mortgagee will be notified at least 10 days be- fore the date cancellation or nonrenewal takes ef- fect. If we pay the mortgagee for any loss and deny payment to you: a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt. Subrogation will not impair the right of the mort- gagee to recover the full amount of the mort- xxxxx's claim.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx - Dwelling will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee.. If we decide to cancel or not to renew this policy, the mortgagee will be notified at least 10 days be- fore the date cancellation or nonrenewal takes ef- fect. If we pay the mortgagee for any loss and deny payment to you: a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt. Subrogation will not impair the right of the mort- gagee to recover the full amount of the mort- xxxxx's claim.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial xx- xxxx will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued ac- crued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt.

Mortgage Clause. The word "“mortgagee" ” includes trustee. trustee and lienholder. a. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. . b. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence precedence of the mortgages. . c. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. (1) Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware. This notice includes notifying us of foreclosure or if a foreclosure has been initiated; b. (2) Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. and Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgagee. a. d. If we decide to cancel or not to renew this policy, the mortgagee will be notified at least 10 days before the date cancellation or nonrenewal takes effect. e. If we pay the mortgagee for any loss and deny payment to you: (1) We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. (2) At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt. f. Subrogation will not impair the right of the mortgagee to recover the full amount of the mortgagee’s claim.

Mortgage Clause. The word "mortgagee" includes trustee. trustee and lienholder. a. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order or- der of payment will be the same as the order of prece- dence precedence of the mortgages. . b. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgageemort- gagee: a. (1) Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware;. b. (2) Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. (3) Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgagee. a. c. If we decide to cancel or not to renew this pol- icy, the mortgagee will be notified at least 10 days before the date cancellation or nonre- newal takes effect. d. If we pay the mortgagee for any loss and deny payment to you: (1) We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. (2) At our option, we may pay to the mortgagee xxxxxx- xxx the whole principal on the mortgage plus any accrued interest. In this event, we . e. Subrogation will receive a full assignment and transfer not impair the right of the mortgage and all securities held as collateral mortgagee to recover the mortgage debtfull amount of the mortgagee's claim.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We we are subrogated to all the rights of the mortgagee mort- xxxxx granted under the mortgage on the property; or b. At at our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued ac- crued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt.

Mortgage Clause. The word "“mortgagee" ” includes trusteetrustee and lienholder. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware. This notice includes notifying us of foreclosure or if a foreclosure has been initiated; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgagee.. If we decide to cancel or not to renew this policy, the mortgagee will be notified at least 10 days before the date cancellation or nonrenewal takes effect. If we pay the mortgagee for any loss and deny payment to you: a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt. Subrogation will not impair the right of the mortgagee to recover the full amount of the mortgagee’s claim.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We we are subrogated to all the rights of the mortgagee mort- xxxxx granted under the mortgage on the property; or b. At at our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial xx- xxxx will not apply to a valid claim of the mortgageexxxxxx- xxx, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial xx- xxxx will not apply to a valid claim of the mortgageexxxxxx- xxx, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- mium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We are subrogated to all the rights of the mortgagee mort- gagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage xxxx- xxxx debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply to a valid claim of the mortgagee, if the mortgagee: a. Notifies notifies us of any change in ownership, occu- pancy or substantial change in risk of which the mortgagee is aware; b. Pays pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment apply to the mortgagee. a. We we are subrogated to all the rights of the mortgagee mort- xxxxx granted under the mortgage on the property; or b. At at our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment and transfer of the mortgage and all securities held as collateral to the mortgage debt.

Mortgage Clause. The word "mortgagee" includes trustee. If a mortgagee is named in this policy, any loss payable under Coverage A – Xxxxxxxx or B will be paid to the mortgagee and you, as interests appear. If more than one mortgagee is named, the order of payment pay- ment will be the same as the order of prece- dence precedence of the mortgages. If we deny your claim, that denial will not apply ap- ply to a valid claim of the mortgagee, if the mortgagee: a. Notifies us of any change in ownership, occu- pancy occupancy or substantial change in risk of which the mortgagee is aware; b. Pays any premium due under this policy on demand if you have neglected to pay the pre- miumpremium; and c. Submits a signed, sworn statement of loss within 60 days after receiving notice from us of your failure to do so. Policy conditions relating to Appraisal, Suit Against Us and Loss Pay- ment Payment apply to the mortgageemort- gagee. a. We are subrogated to all the rights of the mortgagee granted under the mortgage on the property; or b. At our option, we may pay to the mortgagee the whole principal on the mortgage plus any accrued interest. In this event, we will receive a full assignment assign- ment and transfer of the mortgage and all securities held as collateral to the mortgage debt.