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zolooss~~ (4) Such other types of insurance an the Trust Estate or any part thereof as may be deemed reasonably necessary by Beneficiary from time to time, including non reporting type Contractor's Multiple Perils (all risk) Builder's risk insurance written on a "completed value basis" in an amount equal to 100°/a of the replacement costs of the all improvements located on the Land during the period or periods of construction of any improvements upon the Land. (S) If the Land or any part thereof.is located in a designated oftzcial flood- hazard area, flood insurance insuring the buildings and improvements now existing or hereafter erected on the Land in an amount equal to the lesser of the appraised value of the buildings or improvements in the flood haaard area or the maximum limit of coverage made available with respect to such buildings and improvements under the Federal Flood Disaster Protection Act of 1973, as amended, and the regulations issued thereunder. (6) While any building or improvement is in the course of being constructed, renovated or rebuilt on the Land, such worker's compensation insurance as is required by statute. (B) Policy Provisions. All insurance policies and renewals thereof maintained by the Grantor pursuant to Sections (A)(1) through(A)(5) above shall be written by an insurance carrier satisfactory to the Beneficiary, contain a standard lender or mortgagee clause in favor of and in form acceptable to the Beneficiary, contain .an agreement of the insurer that it will not cancel or modify the policy except after 30 days' prior written notice to the Beneficiary, and be reasonably satisfactory to the Beneficiary in all other respects. The insurance maintained pursuant to Sections (A)(6) shall also be written by an insurance carrier acceptable to the Beneficiary. (C) Delivery of Policy. The Grantor shall deliver to the Beneficiary copies of policies satisfactory to the Beneficiary evidencing the insurance which is required under Sections (A)(1) through (A)(4), certificates evidencing the. insurance which is required under Sections (A)(5) and (A)(6), and the Grantor shall promptly furnish to the Beneficiary copies of all renewal notices and all receipts of paid premiums received by it. At least 30 days prior to the expiration date of a required policy, the Grantor shall deliver to the Beneficiary a copy of a renewal policy in farm satisfactory to the Beneficiary. If the Grantor has a blanket insurance policy in farce providing coverage for several properties of the Grantor, including the Trust Estate, the Beneficilry shall accept a certificate of such insurance together with a copy of such blanket insurance policy; provided the certificate sets forth the amounts of insurance and coverage, such amounts are at least equal to the amounts required above, and the original policy of insurance is written by a carrier or carriers acceptable to the Beneficiary, insures against the risks set forth above, cannot be amended, modified or cancelled without thirty (30) days' prior written notice to any Beneficiary of the Grantor and has a full replacement cost endorsement meeting the requirements of Section 3.08(A)(1). (D) Assignment of Policy. If the. Trust Estate is sold at a foreclosure sale or if the Beneficiary otherwise acquires title to the Trust Estate, the Beneficiary shall have all of the right, title and interest of the Grantor in and to. any insurance policies required under Sections 3.08 (A)(1) through, (A)(d) hereof and the unearned premiums thereon and in and to the proceeds resulting from any damage to the Trust Estate prior to such sale or acquisition. 7