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(f) any other insurance reasonably required by City. <br />All such insurance shall provide that it may not be canceled or materially modified <br />without thirty (30) days prior written notice to City. The policies required under <br />subparagraphs (b) and (c) shall include a "lender's loss payable endorsement" in form and <br />substance satisfactory to City, showing the City as encumbrance. The City shall be <br />named as an additional insured(s) in the policies required under subparagraphs (d) and (e) <br />with primary coverage. Certificates of insurance for the above policies (and/or original <br />policies, if required by City) shall be delivered within ten (10) days after demand <br />therefore, and prior to start of any rehabilitation work All policies insuring against <br />damage to the Improvements shall contain an agreed value clause sufficient to eliminate <br />any risk of co-insurance. No less than thirty (30) days prior to the expiration of each <br />policy, Developer shall deliver to City evidence of renewal or replacement of such policy <br />reasonably satisfactory to City Attorney. <br />19.2 City Attorney May Modify. The City Attorney <br />may modify the type and amounts of insurance required pursuant to this Section. <br />19.3 Claims and Proceedings. Developer shall give City <br />immediate notice of any material casualty to any portion of the Property, whether or not <br />covered by insurance, and of the initiation or threatened initiation of any proceeding for <br />the condemnation or other taking for public or quasi -public use of any portion of the <br />Property (collectively, "Condemnation"), and shall provide City with copies of all <br />documents which pertain to any such casualty or Condemnation. Developer shall take all <br />action reasonably required by City in connection therewith to protect the interests of <br />Developer and/or City, and City shall be entitled (without regard to the adequacy of its <br />security) to participate in any action, claim, adjustment or proceeding and to be <br />represented therein by counsel of its choice. Developer shall not settle, adjust, or <br />compromise any claim, action, adjustment or proceeding without prior written approval, <br />which approval shall not be unreasonably withheld or delayed. <br />19.4 Delivery of Proceeds to City. In the event that, <br />notwithstanding the "lender's loss payable endorsement" requirement set forth above, the <br />proceeds of any casualty insurance policy described herein are paid to Developer, <br />Developer shall, subject to any superior rights of the Senior Lender, deliver such <br />proceeds to the City immediately upon receipt. <br />19.5 Application of Casualty Insurance Proceeds. Any <br />proceeds collected (the "Proceeds") under any casualty insurance policy described in this <br />Agreement shall be disbursed to Developer as provided below, but only upon fulfillment <br />of each of the following conditions (the "Restoration Conditions") within ninety (90) <br />days (unless extended by mutual agreement of Developer and City) following the <br />occurrence of the damage for which the Proceeds are collected: <br />(a) Developer shall demonstrate to City's reasonable <br />satisfaction that the Proceeds (together with amounts deposited by Developer pursuant to <br />subparagraph (b)) will be adequate to repair the Improvements and to restore the fair <br />35 <br />