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i . �, i rstl�' . .. l .. ... . . R . �1�y. � .. . . ��r • ' .s..��..... . . . + � .txr�?:c___ _' ' . .. \ ' #� • .9 V't'.iP��-��r�. '� , . ' . r.h.��L�'I' I � . — 97_ �.a�� -- • ..l� (c) All insurance policies shall be in such form and with such endorsements and � • ,; ' . .-; in such amounts as shall be reasonably satisfactory to Bene�iciary (and Beneficiary shall be entitled to approve ainounts, forrn,risk coverage, deductibles, loss payees and - � � insureds). The pc�licy referred to in Section 2.S a ii shall contain a replacement cost ::,_ . _. endorsement and a waiver of depreciation. Certi�ied copies of all of the above- ;.:;;��,h�• � mentioned insurance policies have been delivered to and shall be held by the Beneficiary. :�R��_r=,��1• .. t�� . . � All such policies shall name the Heneficiary as an additional insured/loss payee, shall _ _.�_v — provide that aU Insurance Proceeds be payable to the Beneficiary as set forth in Sectio �'°=ti.��-� � 2.S d and shall contain: (i) "Non Contributory Standard Lender Clause" and a Lender's :;.:- : Loss Payable �ndorsement (Forrn 438 BFiJN�) or their equivalents narning Beneficiary .�;;�,,,_-�_ ::.,».';�' . as the person to which all paylaents shall be paid and a provision that payment of :; .yu __ _ r � Insurance Proceeds in excess of $100,000 shall be made by a check payable only to ` ..?��- � �' a waiver of subra ation endorsement as to the Seneficiary and its assigns . �--- Beneficiary; (ii) g �-�=�_: ��/ providing that no policy shall be impaired or invalidated by virtue of any act, failure to �`:--�,.�;�� act, negligence of, or violation of declarations, warranties or conditions contained in such ,,��; policy by the Trustor, the Beneficiary or any other named insured,additional insured or r-- ;R �� >� loss payee, except for the grass nesligence and willful misconduct of the Benefieiary ;; knowingly in violation of the conditions of such policy; (iii) an endorsernent indicating = _ �� that neither the Heneficiary nor the Trustor shall be or be deemed to be a co-insurer with respect to any risk insured by sucri policies and shall pru�i�e fa; an aggr�g�t� _ deductible per loss for all pollciea of an amount not more than that which is Gustomarily = � maintained by prudent owners of propc S�f tof the full�re �a eme t�value of hecility, _ -� ' but in no event in excess of �ve percent O P -- = Improvements; (iv) a provision that such policies shall not be canceled ar amended, .;- � �� - including,without limitation,any amendment reducing the scope or limits of coverage, i�.: `� without at least thirty(30) days' prior written notice to the Beneficiary in each instance; �' '' =y• aad (v) include effective waivers by the insurer of aU claims for insurance premiums -� _ ;�•�.�� a g a i n s t a n y l o s s pa yees, additional insureds and named insureds (other than the T�rustor). _ �:. , �. ��'`',Q•—_ �;�,-•:��.b.t :� Certi�cates of insurance with respect to all renewal and rep lacernant po licies s h a ll b e u �� - delivered to the Beneficiary not less than ten (10) days p�ior to the e�cpuation date of any _„.�,;._;--. �., _-=�-�."'�-`, of the insurance policies required to be maintained hereunderwhich certificates shall K�. ��`''" '; �� bear natarions evidencing payment of applicable premiums and certified copies of such �•- _. � insurance policies shall be delivered to the geneficiary promptly after th� Trustor's i� _ __ . -�,� F -- _h ,:�: u � receipt thereof. If the Trustor fails to mainta�n and dels�er tu e1�ie Sa;icffcia.ry the ` -_