Common use of Earthquake Insurance Clause in Contracts

Earthquake Insurance. With regard to the provisions contained in Section 1.02 of the Mortgage requiring Borrower obtain earthquake insurance coverage on the Property, Lender hereby agrees to waive such requirement until such time as such coverage is available at commercially reasonable rates and in Lender's reasonable opinion such coverage is generally required by other institutional lenders.

Earthquake Insurance. With regard to the provisions contained in Section 1.02 of the Mortgage Deed of Trust requiring Borrower obtain earthquake insurance coverage on the Property, Lender hereby agrees to waive such requirement until such time as such coverage is available at commercially reasonable rates and in Lender's reasonable opinion such coverage is generally required by other institutional lenders.

Earthquake Insurance. With regard to the provisions contained in Section 1.02 of the Mortgage Deed of Trust requiring Borrower Towson obtain earthquake insurance coverage on the Property, Lender hereby agrees to waive such requirement until such time as such coverage is available at commercially reasonable rates and in LenderXxxxxx's reasonable opinion such coverage is generally required by other institutional lenders.