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Deerwood Bank is listed in the MortgageeClauses.com database as a Regional Bank based in Baxter, MN. The mortgagee clause shown above is the standard clause for insurance policies on properties with a Deerwood Bank mortgage.
If you are an insurance agent binding or renewing a homeowner policy, use the clause text above and copy it directly onto the declarations page. For questions about this lender's clause requirements, contact their insurance department.