Common use of No Obligation by Lender to Construct Clause in Contracts

No Obligation by Lender to Construct. Lender has no liability or obligation in connection with the Lot or its development or construction of Homes. Lender is not obligated to inspect the work in progress. Lender is not liable for (i) the performance or default of any contractor or subcontractor, (ii) any failure to construct, complete, protect, or insure a Home, (iii) the payment of any cost or expense incurred in connection therewith, or (iv) the performance or nonperformance of any obligation of Borrower or any Borrower-Related Party to Lender or to any other Person.