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boiler and maclritrery ttrsurance ita the aggregate at?no?tnt of the firll replacetner?t value of the
<br />equipmerrt typically cavet'ed by s?tch insrtt?ance; such insut•at?ce shall be exterrded to include
<br />b?tsirtes inter'r'uptiotrlextra expense coverage, as dcseribed above, provided, ho?vever', that the
<br />limits of covet•ae shall be trot less tl?at? ninety ???} days instead of t?velve ?l ?} tnot?tlas? ?n the
<br />covet•age required ?tnderi this subparagraph 306?2?b}, all ?ddrttatral ?ns?treds shall be r??tned as an
<br />additiotra? lass payee, as tlreir4 itate?•ests nay appear, ?vit? a lender's lass payable endorsement
<br />??het?ever? possible, and ?? teat attainable for• Add?tiot?al Itrsure?s otlreri than agency, tlretr a loss
<br />payable et?dorsernerrt rna? be ut? I ized, ?vhich shall be del ivered to the Agency at the carnpletiotr
<br />of construction and priar to the e?piratiott of tl?e builder's r•lsk eavet•ae required lrereitt,
<br />?c? for all ?trsuratrce req?t?t•ed under thrs ectrot? ??,, said palices
<br />shall pravfde, by endorsement, that they ?vill trot lie catrcelled oz4 ton-rene?ved ?vitlrout at least
<br />thirty X30} days pr??ot? ??ritten notice to the .gency, except itr tl?e event of nan-payment of
<br />premium ??rlriclr shah ptio?ride far' at least tetr ?l ?} days ?t•lar' ???rlttetr trot?ce to the Agency,
<br />063 Applical?i?i? ?o ?ot?-Sale ?or??torr off' #?te Pr?occt' The insurance
<br />pravlsiarrs and requiretrtent asset for?t?r in this Section 306 shall apply to both the ?etrtal 1'ot?tion
<br />of tl?e ?'ro?ect acrd the for«Sale Portion of the Pt•oject; provided, however, that t?otithstanding
<br />arty provision or r'egttiretnent of this ectiotr 306, tl?e Developer' shall have na obligation to
<br />maintain any foz'tn of t??surance ?vitlr ??espcct to arty ?-?oltsrtrg Utatt ?lncludln arty Affar?able Fo??_
<br />Sale ?nit? located ?vitl?in the I'or-Sale ?'ortian of the Project upata the sale of such ?.o?tsit?g Unit
<br />to a third-party buyer Upon the sale of the last l?o?tsit? I?r?it located ?vitlrit? the Por?Sale Portion
<br />of tine Project, the Developed shall have no further obliationr to rnaitrtaitr at?y it?sttrance itlr
<br />respect to the Pad?Sale Portion of the Develaptnerrt that would otherwise be required p?tt•suant to
<br />this Section 306
<br />??? ?tldelrrrll?'
<br />307,E ?3e?velopex' ?tZdert?nity, Developer shall rndetntrrfy, de?et?d and bald
<br />harmless Agency at?d pity, their' respective officer's, agents, employees and volr?trteers fr•on? at?d
<br />against any and aii Ions or damage, e?pet?ses, itrjuries, death to airy person, damage to r;cal a?•
<br />personal property, elaitrr, demand, suit, action, judgment, settltrrerrti reasotrabie attortrey's fees,
<br />costs, od pt•aceeding of try lCit?d arising out of ?evelopctk's acttans atld obllattans rrr?srtatr? to
<br />this Arecrnetrt? Develaper•'s inrplernet?tatiot? of this Agt+eetn.et?t? Ue?relaper's recur+itrg of
<br />financing, desrgtr development drawings, the engineering, corrstructiorr, reconsfructlarr, structural
<br />irrtegt4ity of the Pr'o?ect, tnaintetrance of Project, opcratiotr and subsegrtent sale of the Pra?ect,
<br />1nclUding but not l?mrted to?
<br />?a} latetrt tnatet•tal defects rn canstructiorr of tl?e Pro jeer;
<br />?b? arty cot?structton defect rtr the 1't•o?ect;
<br />(c? personal irrjudy, including death, oft?re employees, agents, of?icet•s,
<br />atrdlor volrtnteers of Developer, Developer Parties, at?d?o?k atr?? subcontractors, independent
<br />CQrlt?'aCt01's, pat'tt?et"s, arld?or' s?tbstdtar?e or tlrlr'd par'tres rr? connect?a?? ?vitll the Pro?ect$
<br />DDCSOC?1 ??0673??? 312??2?2-????
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