Hello. I need some guidance.

We filed a sinkhole claim and the testing was done and the sinkhole was confirmed. We spoke to the insurance company today and were told that as soon as the contractor we chose submits the signed contract, checks will be cut.

We are to get a check for the cosmetic damage that is more then 10,000$.
I contacted my mortgage company to let them know that we would be overnighting them the check to sign and send back as soon as we receive the check.
The mortgage company told me that they will issue the money in increments.
The first 1/3 of the check will be issued. With that 1/3 we are to complete 50% of the cosmetic work. After that we are to contact them for the second 1/3 and they will send an inspector out to make sure we did the work properly. If we did, they will release the money.
After that, we are to contact the inspector again to receive the rest of the money providing we have done the work properly.
Is this legal?

What claim do they have to the money?

How am I supposed to repair 50% of the house with only a few thousand dollars if the damages are more then 10,000$?

How would they even know if the work was done properly if they have never been out to see the original damage?

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