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200314908 reasonable rental for the use of his unit, and the plaintiff in such foreclosure action shall be entitled to the appointment of a receiver to collect the same. The Executive Board, acting on behalf of all unit owners, shall have power to purchase such unit at the foreclosure sale, and to acquire, hold, lease, mortgage, vote the votes appurtenant, to convey or otherwise deal with the same. A suit to recover a money judgment for unpaid assessments shall be maintainable without foreclosing or waiving the lien securing the same. Section 8. Statement of Unpaid Assessments. Upon the written request of any owner, prospective purchaser or of any mortgagee of a condominium unit, the Executive Board, or the Managing Agent, shall issue a written statement setting forth the amount of the unpaid assessments, if any, with respect to the subject unit, the amount of the current periodic assessment and the date that such assessment became due, any penalties due, and credit for advance payments or for prepaid items, which statement shall be conclusive upon the Association in favor of all persons who rely thereon in good faith. Section 9. Nonwaiver. The omission or failure to timely fix any assessments or deliver or mail a statement for any period shall not be deemed a waiver, modification or a release of the owners from their obligation to pay the same. ARTICLE VI. INSURANCE Section 1. Coverage. The Executive Board shall obtain and maintain, to the extent obtainable: (a) Property insurance on the property (units) including the common elements insuring against all risks of direct physical loss commonly insured against. The total amount of insurance after application of any deductibles shall be not less than ninety percent (90 %) of the actual cash value of the insured property at the time the insurance is purchased and at each renewal date, exclusive of land, excavations, foundations, and other items normally excluded from property policies; and (b) Liability insurance, including medical payments insurance, in an amount determined by the Executive Board, but not less than $1,000,000.00, covering all occurrences commonly insured against for death, bodily injury, and property damage arising out of or in connection with the use, ownership or maintenance of the common elements. The Executive Board may determine that additional coverage may be necessary and may obtain such additional coverage if it deems it necessary. If the aforementioned insurance is not reasonably available, the Association promptly shall cause notice of that fact to be hand delivered or sent prepaid by United States mail to all unit owners. Section 2. Provisions. Insurance policies must provide that: 11