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<br /> ,. � � ; �?'� �1�1�332 � ...
<br /> ,;.�,*'"r""�; (where required), wi�th endorsements for waiver of subrogation, replacement cost -
<br />- � K�� ��� coverage,infladon ad,justment� and vandalism and malicious mischief coverage, all
<br /> .. � in amounts not less than the full replacement cost of all improvements including the ��_
<br /> cost of debris removal,(ii)comprehensive general public liability coverage with a �
<br /> i' broad foian covcragc endorsement and a combined single limit of at least
<br /> �� '�• $2,000,000,and(iii)business interruption and/or rent loss insurance(equal to twelve
<br /> � �. (12) months annualized income). If any portion of the fire and other risks insured
<br /> ' as provided herein are reinsured,the policies shall contain a sn-called "cut-through"
<br /> : � � ' endorsement.
<br /> (b) InsLranC,'Conwaniec rrt Policies, All such insurance shall be written by a comgaary
<br /> � or companies aGCeptable to Beneficiary with an A Category or better rating by A.M. _
<br /> � Best Company, Inc. The policies describexl in Paragraphs Sa(i)and(iii)above shall
<br /> contain(i)a standard Beneficiary clause naming Beneficiary as the first Beneficiary -
<br /> � with loss proceeds under the policies payable to Beneficiary, and (ii) a waiver of
<br /> � subrogation endoxsement as to Beneficiary. The policy described in Paragraph Sa(ii)
<br />_ � � . above shall name Beneficiary a.5 an addidonal named insured, and the policy
<br />'�'` ' descriUed in Pazagraph Sa(iii) above shall pravide !hat all proceeds be payable to
<br />_ ' - genPfi�'�ry. F���g�,lir_.y deacribed ahove shall provide for a thirty(30}day notice
<br />= � of cancellatlon or modificadon, (except that any earttiquake policy shall provide for -
<br />-`+:.,-. sixty(60)days nodce of cancellation) shall be satisfactory to Beneficiary as to form
<br /> , � and s�hstance� and shall eontain endorsements that no act or negligeace of Trustar _-
<br /> v�� , � or any occupant,and no occupancy or use of the Trust Property for purposes more
<br /> `''��� hazardous than permitted by the terms of the policy will affect the validity or
<br />- .. . �,..�,
<br /> enforceability of such insurance as against Beneficiary. If any portion of the fire and
<br />� . other risks insured as provid�cl herein aze reinsured�the policies shall contain a so-
<br /> _ , � called "cut-through" endorsement. Each policy shaU be in full force and effect as
<br /> _, , ^.,�•_�� � of the date of this Deed of Trust, shall contain such additional provisions as
<br /> � fi�� •� Beneficiary deems necessary or desirable to protect its interest, and shall be
<br />- � accompanied by proof of premiums paid for the cunent policy year. All such ---
<br /> � � insurance shall be written in amounts sufficient to prevent Trustor from becoming -__
<br /> � ;,�--� — a co-insurer under the applicaYle �olic:es. T'rustor shail provide a Sia�3dard -
<br /> .. ACORD Form 27 Evidence of Insurance Certificate or Original Insurance Policies
<br /> �_' � proof of insurance to Beneficiary thirty(30)days prior to any policy expiration date
<br /> or in the event any policy is modified or canceled.
<br />-. �
<br /> ' (c) Blanket Policv. If a blanlcet policy is issued, Trustor shall fumish Beneficiary with =
<br /> a certified copy of said policy, together with a certificate indicating that Beneficiary =
<br /> ' is the insured under said policy in the proper designated amount. -
<br /> i
<br /> � . (d) Notice of Loss. In the event of loss, Trustor shall nnmediately notify Beneficiary. �
<br /> Beneficiary may make proof of loss if it is not made promptly by Trustor.
<br /> Dad af Trust.Assignment of Rrnta,Securfty Agrxmeot snd Hinture Ftting(NE•9/9'n
<br /> - PAGH 7
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