Open Perils/Special Form/Special Perils Property. The Borrower shall maintain “Open Perils,” “Special Form,” or “Special Perils” property insurance coverage in an amount not less than one hundred percent (100%) of the replacement cost of all insurable elements of the Real Property and of all tangible Personal Property, with coinsurance waived, or if a coinsurance clause is in effect, with an agreed amount endorsement acceptable to the Lender. Coverage shall extend to the Real Property and to all tangible Personal Property.
Appears in 7 contracts
Samples: Security Agreement (NNN Apartment REIT, Inc.), Mortgage, Security Agreement (Sanfilippo John B & Son Inc), Angeles Partners X
Open Perils/Special Form/Special Perils Property. The Borrower Mortgagor shall maintain “Open Perils,” “Special Form,” or “Special Perils” property insurance coverage in an amount not less than one hundred percent (100%) of the replacement cost of all insurable elements of the Real Property and of all tangible Personal Property, with coinsurance waived, or if a coinsurance clause is in effect, with an agreed amount endorsement acceptable to the Lender. Coverage shall extend to the Real Property and to all tangible Personal Property.
Appears in 1 contract
Samples: Mortgage, Security Agreement (Sanfilippo John B & Son Inc)
