Covenant for malpractice, fire, and other hazard insurance.
The mortgage shall contain a covenant binding the mortgagor to maintain adequate liability, fire, and extended coverage insurance on the property. The mortgage shall also contain a covenant binding the mortgagor to maintain adequate malpractice coverage. All coverage shall be acceptable to the mortgagee or HUD.
[73 FR 35923, June 25, 2008]
Title 24 published on 2012-04-01
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