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Insurance Expired Notification

The borrower is advised that the insurance policy on the pledged property used as security for Loan Agreement #________ has expired on [date]. According to Article 5 of the Loan Agreement, the borrower is required to maintain property and casualty insurance on all collateral at all times. The borrower is asked to immediately insure the pledged property again and assign the new insurance policy to the lender, with the lender listed as the beneficiary.

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80 views1 page

Insurance Expired Notification

The borrower is advised that the insurance policy on the pledged property used as security for Loan Agreement #________ has expired on [date]. According to Article 5 of the Loan Agreement, the borrower is required to maintain property and casualty insurance on all collateral at all times. The borrower is asked to immediately insure the pledged property again and assign the new insurance policy to the lender, with the lender listed as the beneficiary.

Uploaded by

Place279
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOC, PDF, TXT or read online on Scribd
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12 333 )anjalu,a, 4etra 5ocica 66 4hone: 7621 !3"89 6980:91 .a : 7621 !

3"89 6980:92

Date: Borrower: Address: Fax # Attn:

Subject:

Insurance of the pledged property

Dear Mr. ________, This is to advise you that the insurance policy # ___________ has e pired on !date", #hich you have used to insure the property that is the subject of security under the $oan %gree&ent #________ as of !date". This co&&it&ent is a result of the article ' of this $oan %gree&ent. (The )orro#er #ill at all ti&es &aintain property and causality insurance on all collateral and property ac*uired fro& the proceeds of the loan(. +e are ,indly as,ing you to i&&ediately perfor& insurance of the pledged property and to assign the insurance policy to the $ender !-S%ID)., .ehi&a ef. /urcica ', Sarajevo 0 beneficiary of the insurance policy". Should you have any concerns, do not hesitate to contact us. Sincerely yours, $jubica Savic Docu&entation %ssociate -S%ID). )anja $u,a //: !%gent )an," $oan Manager

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