Your right as the lender to force place insurance should the borrower not maintain coverage on the property.
Please refer to such sections of any particular loan document package for the specifics of that loan document. Below is the "standard" GoDocs language regarding property insurance.
Section D.2 (or thereabout) of the Loan Agreement will identify the type and acceptability of insurance, as required by the Lender, to be applied on the loan. The ability to impound for insurance premiums is covered in section D.5 (or thereabout) of the Loan Agreement.
Section G (or thereabout) of the Deed of Trust or Mortgage identifies that: "... Lender at Lender's option may make such appearances, disburse such sums and take such actions as Lender reasonably deems necessary to perform such obligations of Borrower and to protect Lender's interest, including...(c) procurement of the insurance required by section D.2 of the Loan Agreement..." Further, "Any amounts disbursed by Lender ... shall be added to, and become part of, the principal component of the Indebtedness..."
On and after the production release on 5/15/2024, section G (or thereabout) of the deed of trust/mortgage now includes a section for Force Place Insurance Provision as well.
Additionally, GoDocs loan orders with collateral property in California will include a separate Hazard Insurance Disclosure to comply with California Civil Code Section 2955.5.