37. Condition of loans and power of Authority where premiums unpaid
It shall be lawful for the Authority to require as a condition of the loan that so long as any amount remains outstanding on the loan the premises in respect of which the loan is made shall be insured, in the name of the Authority, for the amount so outstanding, against fire and such other risks as the Authority shall think proper; and where the borrower fails to pay any premium when it becomes due, or where the terms of the loan provide that the premiums shall or may be paid by the Authority, the Authority may upon payment thereof charge the borrower interest thereon, until reimbursement, at the same rate as is to be paid on the mortgage loan.