Condominium Resale Certificate - Williams & Williams

''A19 MIG/jif 2/4/84
any other insurance coverage in such reasonable amount as the
Executive Board shall deem desirable.
policies shall be a Common Expense
common fund.
Premiums for such insurance
Liability to be paid from the
Fire and extended coverage policies shall be
written in the name of the Executive Board as
of the Unit Owners in the Allocated Interests
Declaration.
cover Units with horizontal
Trustees for each
established in this
Insurance maintained under this subsection shall
betterments installed by Unit Owners.
boundaries but not improvements and
8.2 Insurance Certificate: The Executive Board upon
written request shall issue a certificate of insurance to any
Unit Owner, mortgagee or beneficiary under a deed of trust of
said Unit Owner requesting same.
the standard mortgagee clause naming the
additional insured and shall contain a
cancellation notice which shall be given to
each Unit Owner and each mortgagee or
trust to whom a certificate of
to any cancellation of said insurance.
the "special condominium endorsement,"
of any insurance trust agreements
to subrogation against Unit
Said certificate shall contain
mortgage holder as an
minimum ten (10) day
the Executive Board,
beneficiary under a deed of
insurance has been issued, prior
Said policy shall contain
shall provide recognition
shall contain waiver of rights
Owners, shall provide that said
insurance coverage is not to be prejudiced by any act or neglect
of an individual Unit Owner or Unit Owners which is not within
the control of the Unit Owners
that said policy is primary in the event
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collectively and shall provide
that any Unit Owner has