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2� 15�8�57 14. Six (�} months bus�ness interruption�loss �f rents} insurance in an am�unt acceptable to Lender. II. L�ABILITY INSUR.ANCE An �RIGINAL �ERTIFICATE ar atiher evidence �e.g. an AC�RD Z7 certificate) �f General �omprehensive Public Liability Insurance naming Borrowers as an insured, and written by a carrier appra�ed by Lender vWith a current Best's �nsurance �uide Rating of at least A-I� �which is authorized to do business in the state vvhere the Proje�t is�ocated�that inciudes: 1. $3 million com€�ined single limit cov�rage. Z. Addit�onal Insured Endorsement naming Lender. 3. 34-day noti�e to Lender in the event of cance�latian,nan-renewal or material change. ��I. �V�RKER'S C�MPENSATI�N An�RIGINAL CERTIFIGATE of�]Vorker's Compensa�ion co�erage in th�sta�utory amaunt, naming H� of Grand Island LL� as owner of th� Proj ect, Written by a carrier appro�ed by Lender. IV. �THER A11 insurance pro�ided for in this Exhibit shall be effected under a valid and �nforceable policy ar pfllic2es af insurance in farm and substance appro�ed by Lender, shall be issued by insurers of recogni2ed responsibility,which are licensed to do business in the state where the Pro�ect is�ocated, and whieh are acceptable to Lender, and shall be sa�isfactory to Lender in all other respects. Th� certificates of insurance far property, liability and builder's risk must comply with the foll�wing: 1. AC4RD 25-5 forms �titled "Certificate of Insurance") for �iability ARE UNA�CEPTABLE unl�ss modified t❑ �a� indicate �hat the insurance is in force and �b} pro�ide for 3� days v�ritten notice to the L�nder of intent ta cancel the insurance. Th�s modification �vi�I accur in the bottom right of the form. The Lender does not ac�ept s�andard A��RD 2S-S forms as they are "issued as a matter of �nformation only and confer no rights", and da not certify the existence of the insurance and do not promise notice to the Lender priar ta can�ellatian. Z. An A��RD 27�tit�ed"Evidence of Property Insurance"} relates to property insurance and is acceptable �but see 4 below�. Although an AC�RD 27 is not an its face to be used to ev�dence policies of�iability insurance, it is adaptable to that purpose, and is a�ceptable if so adapted. 3. An AC��tD 28 (titled "Evidence of Commercial Property Insuran�e"} for property insurance is accep�able�but see 4 belaw�. 4. �N ALL�ERTIFI�ATES,the Lender must be designated as"additional insured", "loss payee"and"mortgagee"and not"named insured". 3�