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� . � g�' s�ss 38 , (c) During the course of any construction, repair, maintenance, operation and use of the Improvements on the Property, comprehensive public liability insurance (including coverage for elevators and escalators, if any, on the Premises and, if any construction of new Improvements occurs after execution of this Deed, completed operations coverage �for two years after construction of the Improvements has been completed) on an "occurrence basis" against claims for "personal injury" including without limitation bodily injury, death or property damage occurring on, in or about the Premises and the adjoining streets, sidewalks and passageways, such insurance to afford immediate minimum protection to a limit of not less than that required by Beneficiary with respect to personal injury or death to any one or more persons or damage to the Property; (d) During the course of any construction or repair of the Improvements on the Property, workmen's compensation insurance (including employer's liability insurance, if requested by Beneficiary) for all employees of Grantor engaged on or with respect to the Premises in such amount as is reasonably satisfactory to Beneficiary, or, if such limits are established by law, in such amounts; (e) During the course of any construction or repair of the Improvements on the Property, builder' s completed value risk insurance against "all risks of physical loss" , including collapse and transit coverage, during construction of such Improvements, with deductibles not to exceed $1, 000. 00, in non-reporting form, covering the total value of work to be performed and equipment, supplies and materials to be furnished. Said policy of insurance shall contain the "permission to occupy upon completion of work or occupancy" endorsement; (f) Boiler and machinery insurance covering pressure vessels, air tanks, boilers, machinery, pressure piping, heating, air conditioning and elevator equipment and escalator equipment, provided the Improvements contain equipment of such nature, and insurance against loss of occupancy or use arising from any breakdown, in such amounts as are reasonably satisfactory to Beneficiary; (g) Insurance against loss or damage to the Personal Property by fire and other risks covered by insurance of the type now known as "fire and extended coverage" ; (h) Such other insurance, and in such amounts, as may from time to time be reasonably required by Benef iciary against the same or other hazards; and (i) All policies of insurance required by terms of this Deed shall contain an endorsement or agreement by the insurer that any loss shall be payable in accordance with the terms of such policy notwithstanding any act or negligence of Grantor which might otherwise result in forfeiture of said insurance and the further agreement of the insurer waiving all rights of set off, counterclaim or deductions against Grantor. 1.4 Delivery of Policies, Payment of Premiums. That all policies of insurance shall be issued by companies and in amounts in each company reasonably satisfactory to Beneficiary. Al1 policies of insurance shall have attached thereto a lender's loss payable endorsement (without contribution) for the benefit of Beneficiary in form reasonably satisfactory to Beneficiary. Grantor shall furnish Beneficiary with an original policy of all policies of required insurance. If Beneficiary consents to Grantor providing any of the required insurance through blanket policies carried by Grantor and covering more than one location, then Grantor shall furnish Beneficiary with a certificate of insurance for each such policy setting forth the coverage, the limits of liability, the name of the carrier, the policy number, and the � -5-