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88- 10002? I and the Personal Property, exclusive of architectural fees, excavation, foundation and footings, as determined from time to time by a person reasonably satisfactory to Beneficiary. (ii) Liability insurance against claims for bodily injury, death or property damage occurring on, in or about the Premises, with such policy limits as are customary, from time to time, for property similar in use and configuration to the Premises or as Beneficiary may from time to time require. (iii) Worker's compensation and automobile liability insurance as required by the laws of the state where the Premises are located but in no lesser amounts than as may be required by Beneficiary, or, to the extent permitted by local law, appropriate self insurance arrangements, to protect Mortgagor, and Beneficiary against claims for injuries sustained in the course of employment at the Premises. (iv) Explosion insurance in respect of any boilers and similar apparatus located on the Premises, with such policy limits as are customary, from time to time, for property similar in use and configuration to the Premises or as Beneficiary may from time to time reasonably require. (v) If all or part of the Premises shall be leased to or occupied by a person or persons other than Mortgagor, rental value insurance in an amount necessary to provide full coverage of not less than one hundred ten percent (110%) of one year's base rental income for all Leases, which amount shall be revised annually to reflect any increase or decrease in such base rental income. (vi) At the option of Beneficiary, business interruption insurance with such policy limits as Beneficiary may require, from time to time, for property similar in use and configuration to the Premises or as Beneficiary may from time to time require. be determined by "flood plain area" tion pursuant to 1973, as amended. (vii) Federal Flood Insurance in an amount to Beneficiary if the Mortgaged Property is in a as defined by the Federal Insurance Administra- the Federal Flood Disaster Protection Act of (viii) Such other insurance, in such amounts and against such risks as is commonly obtained, from time to time, in respect of property similar in use and configuration to the Premises and located in the locality where the Premises are located or as Beneficiary may from time to time require or as is otherwise required in the Loan Agreement. The insurance requirements of this Section shall be deemed to be satisfied if Mortgagor acquires insurance pursuant to the requirements of the Underlying Lease and such policies equal -10- L L L ;":- ,- -.J / ~.