What is the primary promise that a borrower makes in a Covenant to Pay Indebtedness?

The primary promise that a borrower makes in a Covenant to Pay Indebtedness is to repay the loan. This covenant is a fundamental aspect of the lending agreement, outlining the borrower's commitment to make timely payments on the principal and any interest owed until the debt is fully satisfied. This promise establishes the legal obligation between the borrower and the lender and is crucial for protecting the lender's financial interest in the loan.

While the other options pertain to important responsibilities that a borrower may have—such as paying property taxes, maintaining insurance, and keeping the property in good repair—these obligations are typically addressed in separate covenants or sections of the loan agreement. However, the Covenant to Pay Indebtedness specifically focuses on the financial commitment to repay the loan amount borrowed. Therefore, understanding this distinction is essential for comprehending the comprehensive nature of lending agreements in real estate financing.