Replacement of Coverage. In the case of the breach of any of the insurance provisions of this Agreement, Lender may, at Lender’s option, take out and maintain at the expense of Borrower such insurance in the name of Borrower as is required pursuant to this Agreement, and may deduct the cost of taking out and maintaining such insurance from any sums which may be found or become due to Borrower under this Agreement.
Appears in 2 contracts
Sources: Loan Agreement, Loan Agreement