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202105739 (iii) Automobile Liability Insurance for owned, hired and non -owned automobiles with limits of liability not less than One Million Dollars ($1,000,000.00) combined single limit each accident for bodily injury and property damage. The contractor shall require each of his subcontractors to include in their liability insurance policies coverage for automobile contractual liability. (iv) The contractor shall also carry umbrella/excess liability insurance in the amount of Three Million Dollars ($3,000,000.00). (c) All insurance carried pursuant to this Section 8 shall be written on an occurrence basis and procured from companies rated by Best's Rating Guide of not less than A -X, and which are authorized to do business in the State of Nebraska. 'fo the extent any deductible is permitted or allowed as a part of any insurance policy carried by Owner pursuant to this Section 8, Owner shall be deemed to be covering the amount thereof under an informal plan of self-insurance; provided, however, that in no event shall any deductible exceed Fifty Thousand Dollars ($50,000.00). Owner shall furnish to Developer a certificate(s) of insurance evidencing that the insurance required to be carried by Owner is in full force and effect. (d) Any insurance provision that requires another person to be added as an "additional insured" shall include the following provisions: (ii) Shall provide that the policy shall not be canceled or reduced in amount or coverage below the requirements of this Agreement, nor shall such policy be allowed to expire without at least thirty (30) days prior written notice by the insurer to each insured and to each additional insured. (ii) Shall provide for severability of interests. (iii) Shall provide that an act or omission of one (1) of the insureds or additional insureds which would void or otherwise reduce coverage, shall not reduce or void the coverage as to the other insureds. (iv) Shall provide for contractual liability coverage with respect to any indemnity obligation set forth therein. 9. UTILITIES. Owner covenants and agrees to cooperate with Developer, at no cost to Owner, and to execute all documents reasonably necessary for utility service for the Owner Property and for utility easements across the Owner Property, if any, necessary or desirable for providing utility service to the Developer's Property, so long as the same are not in a location which materially interferes with Owner's use or maintenance of the improvements located on the Owner Property. 10. REDEVELOPMENT PLAN. Owner acknowledges that the Owner Property is located within a Master Project and established by the Community Redevelopment Authority of the City of Grand Island, Nebraska (the "Authority") and the City of Grand Island, Nebraska (the "City') pursuant to that certain Redevelopment Contract between Developer. the Authority and the City dated October 30. 2014, and such other additional resolutions, ordinances, bonds, obligations and documents arising out of, or related to, the Redevelopment Contract (collectively, the '`Redevelopment Documents"). Owner acknowledges that Owner has received, reviewed and understands the terms of the Redevelopment Contract and such additional Redevelopment Documents as Owner, in its discretion, has determined are relevant to its purchase of the Owner Property. Owner understands that certain obligations under the Redevelopment Documents run with the land and will encumber the Owner Property during the term of the Redevelopment 9