Common use of Storage of Materials and Equipment Clause in Contracts

Storage of Materials and Equipment. Borrower will cause all equipment, supplies and materials acquired or furnished in connection with the construction of each Home but not affixed to or incorporated into the Project to be stored on the Lot or at other locations reasonably approved by Lender in writing, in each case under adequate safeguard to minimize the possibility of loss, theft, damage or commingling with other property. Upon request of Lender, Borrower will furnish an inventory of all such equipment, supplies and materials stored off-site, specifying the location thereof. Borrower agrees that it will take all reasonable steps required by Lender in order to perfect a security interest in such equipment, supplies and materials.