(a) Insurance of property ‘The Borrower shall ensure that the property is, during the pendency ofthe loan, always duly and propety insured against all risks such as earthquake, fre, food, explosion, storm, tempest, cyclone, civil commotion, ete. HFC be made the sole beneficiary under the poicy/poicies. (b) Inthe event the Borrower fils to provide insurance forthe property duly assigned in favor of HDFC, HOFC shall have the ‘option to procure insurance forthe Property to preserve the property from destruction and recover the same from the Borrower, (6) Insurance of Sorrower: The Borrower may avail health and /or Ife insurance cover for himself with HDFC as the sole beneficiary under the policy polices, Conditions for disbursement ofthe loan ‘The Borrower shall ‘a, Submitall relevant documents as mentioned inthe Sanction Leter/ Loan Agroement! KYC Policy of HDFC. . Intimate HDFC of any change in his employment! contact deta other KYC related details. cc. Request for disbursement ofthe loan in writing (as per the manner prescribed by HDF). Such request shall be deemed to have been duly made when made by hand, mallor through website of HOFC (wuw.hfe.cam) or such other form! manner as may be announced by HDFC from lime to time, 4. Comply with all preconditions fr disbursement of the loan as mentioned in the Sanction Letter. Ensure that he has absolute, clear and marketable ttle to the propery (security) and the sald property is absolutely ‘unencumbered and free from any ability whatsoover. f. Ensure that no extra-ordnary or other circumstances have occurred which shall make it improbable forthe Borrower to full his oblgations under the Loan Agreement for te present oan, Ensure that no event of default has happened in terms ofthe Loan Agreement executed! tobe executed by he borower, fh. Ensure that there is no breach of the terms of the Offer LetteriLoan Agreement i. The following conditions shal be applicable for al loans ‘The Borrower shall (Pay the own contribution amount total cost of unt less the loan amount), as specified inthe Sanction Letter. (i) Regularly provide HOFC information, including details regarding progressidlay in construction, any major damage to the propery, non-payment of taxes and statutory levies and charges, as may be applicable from time to tme pertaining to property, etc. (ii) Ensure that construction being undertaken is as per the approved plan and has satisfied rimseltherself that all required approvals for the project have been obtained by the developer (by the seller incase of resale purchase of property (iv) Satisfy HOFC on the utilization of the proceeds of any prior disbursements of the loan amount and provided ‘adequate proof ofthe same. (v) Fumish End Use Cerificate for Equity | Top-up Loans. Brit Procedure to be followed for Recovery of overdue amounts Borrowers are explained the payment process ofthe oan in respect of, tenure, periodicity, anount and mode of repayment of the loan. No notice, reminder or timation shall be given tothe Borrower regarding hisher obligation to pay the EMI or PEMI regularly on due date On non-payment of Pre-EMIEMI by the due dates, HDFC shall remind the Borrowers by making telephone calls, sending writen intiations by post and electronic medium or by making personal visits by HDFC's authorized personnel at the _addressies provided by the Borrower, Costs of such callscommunicationiisits shall be recovered from the Borrower, Notwithstanding what is sated herein it shal be th liablly ofthe Borrower to ensure thal the Pre-EMU EMls are regularly paid onthe due dates, Credit information relating to any Borrower's account is provided to the Credit Information Bureau (India) Limited (CIBIL) or any other licensed bureau on a monthly basis, To avoid any adverse impact onthe credit history with CIBIL, itis advised that the Borrower should ensure timely payment of the amount due onthe loan amount, ‘The recovery process of enforcement of mortgage! secures, including but not limited to, taking possession and sale of the mortgaged property in accordance with the procedure prescribed under the Securitisation and Reconstruction of Financial Assots and Enforcement of Security Inorest Act, 2002 (SARFAESI Act) or under any other law, is followed as per the directions laid down under the respective law, Inmation/ Reminders! Notice(s) are given to Borrower prir to initiating steps for recavery of averdues, under the Negotiable Instruments Act, Civil Suitas well as under the SARFAESI Act.