Common use of Mortgagee Clause in Contracts

Mortgagee. An insured loss will be payable to the mortgagee(s) named on the Declarations Page, to the extent of their interest and in their order of precedence. All provisions of this policy apply to these mortgagees. We will protect the mortgagee’s interest in an insured building or structure in the event of an increase in hazard, intentional or criminal acts of any of you, neglect by any of you to take all reasonable steps to save and pre- serve property after an insured loss, a change in ownership, or foreclosure if the mortgagee has no knowledge of these conditions. The mortgagee will:

Mortgagee. An insured loss will be payable to the mortgagee(s) mortgagees named on the Declarations Page, to the extent of their interest and in their order of precedence. All provisions of this policy apply to these mortgagees. We will protect the mortgagee’s interest inter- est in an insured building or structure in the event of an increase in hazard, intentional or criminal acts of any of you, neglect by any of you to take all reasonable steps to save and pre- serve preserve property after an insured loss, a change in ownership, or foreclosure if the mortgagee has no knowledge of these conditions. The mortgagee willmust:

Mortgagee. An insured loss will be payable to the mortgagee(s) named on the Declarations Page, to the extent of their interest and in their order of precedence. All provisions of this policy apply to these mortgagees. We will protect the mortgagee’s interest in an insured building or structure in the event of an increase in hazard, intentional or criminal acts of any of you, neglect by any of you to take all reasonable steps to save and pre- serve property after an insured loss, a change in ownership, or foreclosure if the mortgagee has no knowledge of these conditionscondi- tions. The mortgagee will: