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<br />. ,�..' ., are _ ��N��I6 �
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<br /> - � Nubonal Floo�Inaurance Administration program. '�he maximum deductible shaq be�3,000.00 -�
<br />-"�:-��°�: � �er building or a highor minimum s�nount as required by FBMA or othex applice�ble luw. Y
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<br /> H , (e) During the�eriod of any construction,renovatian or alteration of the existin�
<br /> �c;"� Iinprovements�vhich exceeds the lesser of 10%of the principal�ount of the Note or$500,000.
<br />:_r���N-�_ at Benef ciary's r�quest, � completed value, "All Risk" Huilder's Risk forin or "Course of _
<br /> Cons4�uction" insurance policy in nonreporting form, �r► an amount approved by �eneSciary,
<br /> _--� � may i�e sequired. 1?uring the per�ad of�uy const:uetion of any asldition to th� exiating .
<br /> �-' �' '� Lnprovements,a completed value�"AU Risk"Builder's Risk forn► or"�aurse of Construcrion'° -
<br />``=� insurance policy in non-repa�rting forra,in an amount approved by B�neficiary,shall be required.
<br />'�.;��� � (fl When required by applicable law, ordinance or other regulation, Worker's
<br />.h� Compensation and Employer's Liability Insurance covering all person� subject to the worker's
<br />-F:�"��' compensation IaWS uf tlie state in wtaich 4tfc Progeity is l�ted. �
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<br />'���� .� (g) Business incpane(loss of reri4s)insurance in amounts sufficienY to compensate
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<br />=��°r� Trustor f�ir.all Rents and Profits or�income during a paa�i�d of not less than twelve(12)months.
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<br />���;��° ��� The amount of coves�ge shall be adjusted annually ta��eflect the 9tents and Profits ar income
<br />`'''t, payable durin�the su�ceeding twelve(12)mntith period.
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<br /> ="'� .' (h) Such otl�er insurance on th�'Prope�y or on any replaceYnemts�ar substitutions
<br /> -- ther$vf or additions thereto as may from time to time bv required by Benefici�ty against other
<br /> _,��_,� insurable hazards or�sualties wbich at ttiE:time �re commonly imsured against in ths case of
<br />,�;;� PmP�Y simiIarty siivaiie�irt�lu�g,w:u'��ut�nitati�n,��u��:�,PR.ins�t�i�enz�,Fart.�� -
<br /> and lEu�•a�onmental insurance,du�e regar�d being given to the?neight and type of buildings,their
<br /> — cons3aucfinon,location,use and o�cilpancy. �': .'
<br />•�,?� . � . All such insurance shall (i;be.wIth insurers fully liGensed and suthorized to do
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<br /> �--�— ` .}iusiness�in the state�within which the Premises is located and who h'ave�nd maiatta�in a rating of
<br /> ��-- �t least.(�)���from Standard��?oor's,or equivalent or{�3)A-V or}ugher frntna A.M.Bost,(ii)
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