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3 . Contract Of Sale Clause <br />a. The Loss Payee shown in the Schedule or <br />in the Declarations is a person or <br />organization you have entered into a <br />contract with for the sale of Covered <br />Property. <br />b. For Covered Property in which both you <br />and the Loss Payee have an insurable <br />interest, we will: <br />(1) Adjust losses with you; and <br />(2) Pay any claim for loss or damage jointly <br />to you and the Loss Payee, as interests <br />may appear. <br />c. The following is added to the Other <br />Insurance Condition: <br />For Covered Property that is the subject of <br />a contract of sale, the word "you" <br />includes the Loss Payee. <br />4. Building Owner Loss Payable Clause <br />a. The Loss Payee shown in the Schedule or <br />in the Declarations is the owner of the <br />described building in which you are a <br />tenant. <br />b. We will adjust losses to the described <br />building with the Loss Payee. Any loss <br />payment made to the Loss Payee will <br />satisfy your claims against us for the <br />owner's property. <br />c. We will adjust losses to tenants' improve- <br />ments and betterments with you, unless <br />the lease provides otherwise. <br />CP 12 18 10 12 © Insurance Services Office,lnc., 2011 <br />�oRaN <br />} z <br />RiskMmVmedDMsfan <br />REVIEWED & APPROVED BY.- <br />f R. V;&wd <br />Risk Management Analyst <br />