Typically no particular reason to pay much attention as most banks loan agreement and facilities agreement is quite standard, will not approve your loan if you decide to dispute anyway.

TL;DR is largely to protect banks interest in that the property is "owned" by the bank until loan is payoff, if you default on loan n fail to repay they can send lawyers to take your home and auction off, if you fail to pay for home insurance /master fire policy coverage (or your own home insurance/master fire policy not enough coverage) they can buy their own insurance and put the unpaid insurance in your loan quantum etc.

The most important thing you want to pay attention to is MRTA/MLTA, as sometimes if your health no good your MRTA will not cover if you have total permanent disablement, which means you need to take steps to get life insurance elsewhere to cover in case of such an event where you or your dependents lose ability to repay because of critical illness/disability.