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of move out. Agent will keep a list of said security deposits. The list will be included in the monthly financial report. e. The Agent will maintain on file at the offices of the Agent certificates of insurance carried by the tenants in the Property, which may be a requirement of the leases between the Owner and the tenant. 8. COLLECTION OF RENT AND OTHER RECEIPTS; OPERATING ACCOUNT. 'The Agent will collect rents, charges, and other amounts due from tenants (except for security deposits referred to in Section (7.d.) promptly when such amounts become due and shall deposit all such amounts in a separate account with a bank or other financial institution whose deposits are insured by an agency of the United States Government (the "Operating Account "). The Operating Account shall be maintained by the Agent for the Owner and its funds shall not be commingled with funds of the Agent. The Agent may withdraw from the Operating Account all disbursements for purposes which this Agreement designates as Property Expenses. 9. ENFORCEMENT OF LEASES. The Agent will secure full compliance by each tenant with the terms of his lease and will emphasize voluntary compliance so that involuntary termination of tenancies may be avoided whenever possible consistent with sound management. Nevertheless, subject to procedures prescribed by the Owner and with the Owner's consent, the Agent may lawfully terminate any tenancy when, in the Agent's judgment, sufficient cause for such termination exists under the terms of the tenant's_ lease. For this purpose, and after receiving approval from the Owner, the Agent is authorized to consult with Owner's legal counsel to bring actions for eviction and to execute notices to vacate incident to such actions; provided, however, the Agent shall keep the Owner informed of such actions. Attorney fees and other necessary costs incurred are Property Expenses. The Agent will provide notices to Tenants of default on a timely basis and provide Owner with copies of all such notices. 10. MAINTENANCE AND REPAIR. a. Notwithstanding any of the foregoing provisions, the prior approval of the Owner will be required for any expenditure which exceeds Two Thousand Five Hundred Dollars ($2,500.00) in any one instance for labor, materials, or otherwise in connection with the maintenance and repair of the Property, except for recurrent expenses within the limits of the Operating Budget or for emergency repairs required because of danger to persons or property or to avoid suspension of any necessary service to the Property. In the event of an emergency, the Agent will attempt to contact the Owner as promptly as possible and consult with the Owner to determine further action. ? ?? Don is checking. 11. UTILITIES AND SERVICE. The Agent will arrange for service to the Property including but not limited to water, electricity, gas, sewage, trash removal, vermin extermination, the plowing of snow and the treatment of ice, landscaping, sweeping, litter control and all related services and will enter into contracts necessary to secure such utilities and services. All expenses therefore are Property Expenses. -4-