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200109056 prevent Grantor from protesting any such lien provided that Grantor posts sufficient bond equivalent to the amount of said lien or provide title insurance coverage acceptable to Grantee and diligently prosecutes such lien protest to completion. 2.03 Risks to be Insured. At its sole cost and expense, maintain insurance of the following character: (a) Hazard Insurance. (i) Insurance on the Premises and Improvements now existing or hereafter erected or placed on the Premises against loss by fire, and other hazards covered by the so- called "all- risk" form of policy in an amount equal to the full insurable value thereof (but in no event less than the unpaid Obligations secured hereby) without deduction for physical depreciation. While any of the Improvements are in the course of being constructed or rebuilt on the Premises, the Grantor shall provide the aforesaid hazard insurance in builder's risk completed value form, including coverage available on the so- called "all- risk" non - reporting form of policy for an amount equal to 100% of the insurable replacement value of such building or other improvement. (ii) If the Property includes or is to include steam boilers or other equipment for the generation or transmission of steam, insurance against loss or damage by explosion, rupture or bursting of steam boilers, pipes, turbines, engines and other pressure vessels and equipment, in an amount satisfactory to Grantee. (iii) If the Property or any part thereof is located in a designated official flood - hazardous area, flood insurance insuring the Improvements now existing or hereafter erected in the flood hazard areas on the Premises in an amount equal to or greater than the principal balance of the Obligations. (iv) Comprehensive general liability insurance with such limits, coverages, risks insured and with waiver of subrogations clauses protecting against claims arising from any accident or occurrence in or upon the Property in an amount and in such form as shall be acceptable to Grantee. (b) Policy Provisions. All insurance policies and renewals thereof maintained by Grantor pursuant to this Section 2.03 (collectively, the "Policies" and individually, "Policy ") shall (i) be written by an insurance carrier with general policy holder's rating of not less than A+ and a financial rating of not less than Class 6 as rated in the most recent Best Insurance Reports, or such other rating organization selected by Grantee if Best should cease providing such ratings, and licensed to do business in the state where the Property is located and authorized to issue such Policy, (ii) contain a standard non - contributory mortgagee clause in favor of and in form acceptable to Grantee, (iii) contain an agreement of the insurer in form satisfactory to Grantee that it will not cancel or modify the Policy except after thirty (30) days' prior written notice to Grantee, (iv) provide breach of warranty protection to Grantee, and (v) be satisfactory to Grantee in all other respects. (c) Delivery of Policy. Grantor will deliver to Grantee certified copies of Policies in form satisfactory to Grantee evidencing the insurance which is required by this Section, and Grantor shall promptly furnish to Grantee copies of all renewal notices and all receipts of paid premiums received by it. At least thirty (30) days prior to the expiration date of a Policy, Grantor shall deliver to Grantee a renewal Policy in form satisfactory to Grantee. If the Grantor has a blanket Policy in force providing coverage for several properties of the Grantor, including the Property, Grantor will deliver to Grantee a certified copy E