Which of the following is NOT a component of a borrower's covenants?

The correct answer identifies a component that is typically not included in a borrower's covenants. Borrower covenants are generally commitments or agreements made by the borrower that focus on maintaining the property, fulfilling financial obligations, and complying with legal responsibilities.

In this context, the covenant to remove all fixtures does not align with the standard expectations of borrower's covenants. Fixtures are considered a part of the real property, and borrowers usually have a duty to maintain and keep such items as integral parts of the property. Therefore, a covenant requiring the removal of fixtures would be counterproductive and could undermine the value of the property itself.

On the other hand, the covenants to keep the property inspected, repair improvements, and pay taxes are standard components of borrower agreements. These covenants are designed to ensure the ongoing value and condition of the property, as well as the borrower’s compliance with financial responsibilities related to ownership. Thus, identifying the covenant to remove all fixtures as not being a typical component highlights the practical expectations governing a borrower’s obligations and the long-term investment in the property.