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<br /> � . IAY�TICLE VI� iN6CJ�tANCC (
<br /> �ec��ion 1. �ov�rr�ae. The Hoard of A�iministrators ehall obtain �
<br /> • and maintain, tio �he extent obtainab].e, t,he gollowinq inRUrance: � `��'�
<br /> �'iro inaurancc t��ith c:rtem��d �ovaragn, ��as�daliom and! m:liaio�aa �
<br /> misohieP endcrsemen�s, insuxing ttae ent�.xa condvm3nium buiiding � :,;�_
<br /> (but not �ncluding furni�ure�, deaoration, ornamente, furniehi�tge ar
<br /> other personal property owned by the individual eufte owners) :�..
<br /> tagether with all aexviae equipment cantain�sd therein in an amount 4`��
<br /> . �qual �o tho Pu11 replaaetnen� value, withou�k deduation Par ;���
<br /> ., • , c�e�a�eai�tiAn, �n�d whioh B1ha�.1 aont�in A ��andaa•d non-aonts��iz�itAZy '' =•;
<br /> mortgage clause in Pavor af eaah mur�gagee of a aondominiva suite =''�a=��
<br /> w�iah ahall provide that the loss, iF any, hereunder ahall bR ��'�
<br /> payable to 8uch mortgagee as its interest may appear, subjeat, _ -
<br />_ however, �o the losa payment proviaions in Pavor ag the Soard of ��;;�
<br /> Adm3nistrators hereinafter aet forth in Sec��.on 1 of Artiale Xj =_
<br /> g►ub31c liability insuranae in auah limits as the Bo�.rd o� _
<br /> .. Adm�nfEtrators may from �ima to ti�a� c�atorminn, aovorinq tho ;,�;=__
<br /> Assoaiation, each moml�er of the Board, the Managing Agant, agents �"�a--"--=
<br /> � and employses of the Association and eaah suite owner; and sueh �-_,�-..
<br /> , add3ticnal aoverage aa the Board Administrator� may rrom time to C�:.�-:K
<br /> . time determine is appropriate. Such publia ].iability ooverage
<br /> . shall also aover arosa liability claims of one insured ag�inst '�ka� s a",
<br /> � othar. ' �_�,
<br /> • . ' ' Csrtificates of all policiea of phyaiaal dan►age inaur8nce and ���
<br /> of a11 renewals thereof, together with proof of payment oF
<br /> � protniums, sha].1 be dolivared to all mortqagees of suitee at leaat
<br /> '1 A �AVSa nri nr tn Axn�rAi-i nn e+f thca t�hAn rsurrAnt UOI�Q'I AA_ T�fA n.eat�
<br /> _.::... :.....; , - . -- --.- �----- -- ---_-•-------- -- ---- ------ - ---- --- - ---- ---- °.�.
<br /> of such olicieB shall be a common e enae and �ahall be alloaated `�'•
<br /> I� � �, .�
<br /> to Bach property regime as provided in thesa By-Laws. `="`°�
<br /> The Bcard of Administrators shall dete�nine, at lleas�
<br /> � annually, the replacement va�lue of the condominium buildings and, �
<br /> in so doing, may employ such experts as the Hoard may deem ---�
<br /> necassar}7. � `v=�
<br /> ;�;
<br /> Seat�.on 2. �roviaions. All policies oP phyEi�al d�mage `'�"`�
<br /> � '� insuranae s�all cantain waivers of subrogation and waivers of. any „�';��k
<br /> defonse based an co-insurance or of invalidity arising from any ,�':•
<br /> aats of the insured and shall prov3de that such policies may� not be �- �
<br /> � canceled or substantially modifiad without at leaBt 30 days• prior ' � .
<br /> written notice to a11 of the insureds, including mortqagees. � �
<br /> >,; ".
<br /> ., �� �ection 3, I�nsurance by Suite owners._ �uito owners shall not
<br /> be prohi�n�ted from carrying othar insuraa�ce for their own benefit
<br /> provida�d that all such polic3es shall co�ntain waivers of
<br /> subrogati.on, providec�, further, that no suite owners shall have thQ
<br /> right to insure any of the common elements individually. � ,-
<br /> '►�.:
<br />- Insixrunce coverage on Eurnishinqs and other items of peraonal �
<br /> _ or cther praperty belonging to an ownor and publi.c liability �
<br /> � coverage wiirhin each suite shall be the sole and direct '
<br /> responsibility of the suite owner thereof, and the Board of ;
<br /> Adms.nistrators and the Asso�iation shall have no re8ponsibility �
<br /> theref or. :
<br /> ARTICI�E VII. MA�NTENANCE AND �1LTBRATIONS
<br /> , ° Section 1. IYIai.n�.enanc�. The suite vwner shall have the
<br /> oblf.qation to maintain and Dceep in good repair the interior
<br /> � � sur�aces of walls, ceilinga, and f�oora (includinq carpating, tile,
<br /> __ wallpaper, Aaint or other covorinQ) as well as all fi�etia�cn�. _
<br /> _ - _ -- - --
<br /> utilities, wiring, plumbinq and appliancea, lecated wi�hin such
<br /> � awn�r�s suite. An owner shall not ba responsible for r�pair to
<br /> � " con�on elements by casualty, unless such casualty fa due to the act
<br /> � ox negligence of �he owner, his guests, inv�tees or tanants. All
<br /> com�on element maintenanca, including lawn maintenance and snow
<br /> ,' removal, repairs and replacements to the general aommon elementa,
<br /> . shaLl be mada by tha Association and bo charged to all thu suita
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