Common use of Flood Hazard Insurance Clause in Contracts

Flood Hazard Insurance. If all or any part of the Improvements is to be located in an area having "special flood hazard", a flood insurance policy naming Bank as a loss payee must be submitted to Bank. Satisfactory evidence of premium payments must be provided.

Flood Hazard Insurance. If all or any part of the Improvements is or is to be located in an area having "special flood hazardhazards", a flood insurance policy naming the Bank as a loss payee mortgagee must be submitted to Bank. Satisfactory evidence of premium payments must also be provided.

Flood Hazard Insurance. If all or any part of the Improvements is or is to be located in an area having "“special flood hazard"hazards”, a flood insurance application or policy naming Bank as a loss payee mortgagee must be submitted to Bank. Satisfactory evidence of premium payments must also be provided.