Common use of Mortgage Insurance Clause in Contracts

Mortgage Insurance. The Borrower must also maintain a mortgage insurance that will protect the Lender in cases of nonpayment or default on the Note as required by the Lender. This section will not affect the Borrower’s obligation to pay the monthly dues on the principal amount and interest.

Mortgage Insurance. The Borrower must also maintain a mortgage insurance that will protect protects the Lender in cases of nonpayment from non payment or default on the Note as required by the Lender. This section Section will not not, in any way, affect the Borrower’s obligation to pay the in making monthly dues payments on the principal amount Principal Amount and interestinterest stated in the Note.