If you notice after closing that the property did not have a carbon monoxide detector installed per state code and your borrower is not responsive to your requests of installing said carbon monoxide detectors, please note that the Lender’s interest is covered and addressed by the below sections in the Loan Agreement and the Security Instrument:
Loan Agreement.
C.2. Statements of Fact Regarding Mortgaged Property.
D.6. Preservation, Management and Maintenance of Mortgaged Property.
D.11. Inspection.
D.13. Compliance with Laws, Loan Documents and Organizational Documents.
F. EVENTS OF DEFAULT AND REMEDIES.G. RELEASE; INDEMNITY.
Security Instrument.
- PROTECTION OF LENDER'S SECURITY.