Assuming loan on a property and putting in a trust to prevent DOS clause. Insurance cannot be put in the name of trust so does one put it in the name of trustee. The trust along with the mortgage company are named as additional insured. Thanks for any help.
I am not a lawyer but what you would want to do is make sure that the person on the insurance has interest in the property. What I do is since I hold the mortgage my name is on the insurance. I also am the trustee.
Don’t worry about due on sale. This allows the bank to accelerate the mortgage but any bank employee that actually accelerates a mortgage because you placed it into a trust and this loan is being paid on time will get himself fired.