Mortgagee clause insurance loss payee

    • [DOC File]Addendum to mortgage and note

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      In the event the mortgagor does not renew the hazard insurance policy then mortgagee may obtain loss payee insurance coverage only, or pay for the regular property insurance at mortgagee's sole option, which cost shall be payable by the mortgagor. Failure to reimburse the mortgagee for the cost of this policy within 10 calendar days after being ...

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    • [DOCX File]Universidade NOVA de Lisboa

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      The “loss payee” is the party to whom losses covered by insurance are to be paid—“From the point of view of legal interpretation, it has been held that a mortgagee under an open [loss payee] clause is an appointee only to receive the funds payable in the event of loss, it is not an assignment of the contract, but an appointment only.

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    • [DOC File]Requirements for Insurance

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      The City of Seattle shall be a loss payee with Mortgagee Clause. X. Other: Inside/Outside Money & Securities Coverage Coverage Limit $150,000. City of Seattle as Additional Insured: The. CGL and Business Automobile liability insurance shall include the City of Seattle as an additional insured for primary and non-contributory limits.

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    • [DOC File]Requirements for Insurance - Seattle

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      The City of Seattle shall be a loss payee. All Risks Property . insurance to cover City property in vendor’s care, custody, and control: Minimum limit of liability of $ subject to a maximum deductible of $. The City of Seattle shall be a loss payee with Mortgagee Clause. Other: No XCU or Subsidence exclusion under the CGL$

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    • MINNESOTA HOUSING

      Mortgagee clause naming Minnesota Housing Finance Agency as Mortgagee; Loss Payee clause naming Minnesota Housing Finance Agency as Loss Payee; Replacement Cost Valuation Basis; Must include an Agreed Value Clause (or no co-insurance); If applicable, Boiler and Machinery Coverage (no co-insurance);

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    • [DOC File]4350 - HUD | HUD.gov / U.S. Department of Housing and ...

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      HUD, and contain a clause making any loss payable to. the mortgagee and HUD, as their interest may appear. Handbook 4571.1 Rev 2, Section 202 Processing requires. the same guarantee from Section 202 mortgagors. As the terms of the Regulatory Agreement remain in. effect in projects with HUD-held mortgages, the mortgagor

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    • Date:

      Mortgagee clause naming Minnesota Housing Finance Agency as Mortgagee; Loss Payee clause naming Minnesota Housing Finance Agency as Loss Payee; Replacement Cost Valuation Basis; Must include an Agreed Value Clause (no co-insurance penalty applicable); If applicable, Boiler and Machinery Coverage (no co-insurance); Flood Insurance, if applicable;

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    • [DOC File]Description of Insurance Policies

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      Policy Term - 1 year or added to existing policy 30-Day Notice of Cancellation, 10 days non-payment Lender Interest: Mortgagee Clause Lenders Loss Payee Additional Insured B. Property Damage Insurance. Property Insurance . Carrier: Policy Number: Rating: (minimum A- VI) Expiration Date: Coverage Amount: Yes No Comments

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