What is the mortgagee clause for polonia bank?

The mortgagee clause for Polonia Bank typically refers to the stipulation in an insurance policy that protects the bank's interest in a property that serves as collateral for a mortgage. This clause ensures that in the event of a loss, such as damage to the property, any insurance payout goes directly to the bank to cover the outstanding mortgage balance. Specific details may vary, so it is advisable to review the policy documents or contact Polonia Bank directly for precise information regarding their mortgagee clause.