Borrower covenants and warrants that NIBSS shall have capacity to set-off Borrower’s indebtedness under this loan contract from all such monies and funds standing to Borrower’s credit/benefit in just about any and all sorts of such reports or from virtually any economic assets owned by Borrower as well as in the custody of any bank that is such.
LEGAL AS WELL AS OTHER COSTS:
The Borrower shall reimburse the financial institution for several reasonable away from pocket costs, expenses, and charges incurred by the Bank relating to the planning, execution, management and enforcement for the regards to this offer, including although not limited by Solicitors fees, Stamp Duties and Registration charges. Such costs and expenses shall in the eventuality of non-payment by the Borrower on need be included with the center and other moneys owing underneath the regards to this offer and shall accordingly bear interest.
INSURANCE:
The Borrower shall keep a credit life insurance policy against lack of life and such other dangers whilst the Bank may from time to time consider necessary in a Insurance Company authorized by the lender.
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