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percent (lOQ~) of the full replacement cost of such Project or certified by a registered architect, a r thetAut orityl with the professional appraisal engineer, selected by • approval of the Trustee, on the effective date of this Lease and on of April of each year thereafter; provided or before the first day that such certificatio i bea in an amount at east equal to the option of such insurance shal to purchase price. Such appraisal may be .based upon a recognized index of conversion factor~he ILessee vtot be a a co insurern for ethe an amount which causes Project. Such insurance may contain a provision for atheddeductible an amount not exceeding $25,000. Lessee agrees to pay amount of any loss to the Authority. A blanket public institutional property insurance form may be used if: (a) the .insurance on the Project is not less than. the amount required by this Section, (b) the Lessee subordinates its claim for damage or destruction to other buildings or improvements to claims for damage or destruction of the Project, and (c) the insurance.. proceeds related to damage.: to or destruction of the Project are payable to the Trustee. During the full term of this Lease, the Lessee will also, at its own expense, maintain rental or rental value insurance in an a e°riod of least equal to the full rental specified in Section 4 for a e insured two (2) years against physical loss or damage of the typ • against pursuant to the preceding requirements of this Sacable• to the policies shall be for the benefit of and shall be made p y Trustee. Section 10. Use of Insurance and Condemnation Proceeds. Proceeds of insurance against damage to or destruction of he Project or proceeds of any condemnation of the Project shall be paid to and held by the Trustee and used t ~ Pa lansr a proved by 1theoAuthoritymand of the Project in accordance wi p P the Lessee, unless the Lessee elects to exercise its option to purchase. Section times during liability and Authority and properties. liability self 11. Liability Insurance. The Lessee shall, at all the full term of this Lease,- keep in effect, public. property damage insurance, insuring thee- Lessee, the the Trustee in amounts customarily carried for siublic Such insurance may be provided under the p insurance program of the City of South Bend. Section 12. policies required All insurance General Insurance Provisions. rovided by Sections 9 and 11, other than insurance p III-7 -