Property and Liability Insurance

If the BorrowerBorrowerPerson who is the obligor per the Note. fails to obtain acceptable insurance coverage, the ServicerServicerPrimary Person servicing the Mortgage Loan, including the originator, seller, or a third party. must immediately obtain acceptable insurance coverage for the PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). at the Borrower’sBorrower’sPerson who is the obligor per the Note. expense.