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2013000 (b) The insurer waives its right to subrogation under the policy against any unit owner or member of his or her household, the Association, and the Board; (c) No act or omission by any unit owner, unless acting within the scope of his or her authority on behalf of the Association, will void the policy or be a condition to recovery under the policy; and (d) If, at the time of a loss under the policy there is other insurance in the name of a unit owner covering the same risk covered by the policy, the Association's policy provides primary insurance. Section 3. Additional coverage. The Association is further empowered to procure such other insurance as the Association may deem advisable from time to time. Section 4. Special Assessments. The cost of insurance premiums shall be included in the monthly maintenance assessment made to the Owner of each Lot insured under the provision of the Declaration. Section 5. Association as Agent. The Association is hereby irrevocably appointed agent for each owner and his mortgagees to adjust all claims arising under insurance policies purchased by the Association on the improvements on the Properties and to execute and deliver releases upon payment of claims without joinder by the Owner. All insurance proceeds shall be applied by the Association toward repairing the damage suffered; provided that reconstruction or repair shall not be compulsory where the damage exceeds two -thirds (2/3) of the value of the buildings and improvements. In such case, should the Owner so elect not to rebuild, the proceeds, along with the insurance indemnity, if any, shall be credited to each Owner in accordance with his prorated share of the toss sustained by the damage or casualty for which the proceeds shall be payable, and said sums shall be first applied toward satisfaction of any recorded first mortgage against each Lot, next toward satisfaction of junior recorded liens in order of their priority, next toward the cost of razing the improvements or any remains thereof from said premises and the filling and leveling of said Lot, and the remainder shall then be paid to the Owner. In case the insurance proceeds do not equal the cost of repairs, the excess cost shall be considered a maintenance expense to be assessed and collected by the Association from the Owners of the damaged improvements. In cases of over - insurance, any excess proceeds of insurance received shall be credited to the Working Fund for the Association. Section 6. Insurance by Unit Owners. Unit owners shall not be prohibited from carrying other insurance for his or her own benefit. Insurance coverage on furnishings and other items of personal property belonging to an owner and public liability coverage within each unit shall be the sole and direct responsibility of the unit owners thereof, and the Board and the Association shall have no responsibility thereto. In the event that the unit owner deems the coverage carried by the Association insufficient for their respective unit, they may obtain the additional coverage amount and be billed accordingly, separately from the Association. It is the responsibility of each unit owner to verify that the coverage involving their unit is adequate as the individual unit owners deems. Section 7. Notice. An insurer that has issued the insurance policy pursuant to Section I shall issue certificates of insurance to the Association and, upon written request, to any unit owner, mortgagee or beneficiary under a deed of trust. The insurer issuing the policy shall not cancel or refuse to renew it until sixty (60) days after notice of the proposed cancellation or non - renewal has been mailed to the Association, each unit owner and each mortgagee or beneficiary under a deed of trust to whom a certificate of insurance has been issued at their respective last -known addresses. All of the remaining provisions of said Declaration and any amendments previously approved, not contrary to the aforementioned Amendment, shall remain in full force and effect.