The following are insurance requirements for the mortgage loan:
- (1) Twenty percent (20%) Pool Insurance with 30 day advance claim payment clause.
- (2) Special hazard insurance
- (3) Mortgage servicer indemnity bond
- (4) Errors and omissions insurance
- (5) Fidelity bond
- (6) Flood insurance (where applicable)
- (7) Private mortgage insurance (where applicable)