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architects, attorneys and other professionals). If not covered under the "all risk" insurance or otherwise provided in the Supplementary Conditions, C.JNTRACTOR shall purcha_c and maintain similar property insurance on portions of the Work stored on and off the site o• in transit when such por- t.ons of the Work are to be included in an Application for Payment. The policies ref insurance required to be purchased and maintained by nWNER in accordance with paragraphs 5.o and 5.7 shall :oritain a provision that the coverage afforded will not be cancelled or materially .hanged until at I-ast thirty days' prior written notice has been given to CONTRACTOR. 5.' OWNER shall .irchase and maintain such boiler and machinery insurance as may be rewired by the Supplemen- tary Conditions or by law. This insurance shall include the interests of Oµ NER. CONTRACTOR and Subcontractors in the Work. 5.3 OWNER shall not be responsible for purchasing and maintaining any property insurance to protect the interests )t CONTRACTOR or Subcontractors in the Work to the extent of any deductible amounts that are provided in the Supple- mentary Conditions. If CONTRACTOR wishes property insurance coverage within the limits of such amounts. CONTRACTOR may purchase and maintain it at his own expense. 5.9. If CONTRACTOR requests in writing :hat other spe- cial insurance be included in the property insurance policy. OWNER shall, if possible include such insurance, and the cost there if shall be charged to CONTRACTOR by appropri- ate Change Order Pnor to commen -ement of the Work at the site. OWNER will in writing advise CONTRACTOR whether or no: such other insurance has been procured by OWNER Waive - of Rights: 5 10 OWNER and CONTRACTOR waive all right, against each other and the Subcontractors and their agents and employees and against ENGINEER and separate contrac tors tit any) a.id their subcontractors' agents and employers. for damages caused by fire or other perils o the extent Cov- ered by insurance provided under paragraphs 5.6 and 5 ', in- clusive, or any other property insurance applicable to the Work, except such rights as they may have to the proceeds of such insurance held by OWNER as trustee. OWNER shall re- quire .imilaf written waivers by ENGINEER and from each separate contractor, and CONTRACTOR shall require simi- lar written waivers from each Subcontractor tin accordance with paragraph 6 11 as appiicablei. each such waiver will be in favor of all other parties enumerated in this paragraph 5 10. Receipt and Apphcanon of P,ix-reds. 5 11 Any insured loss under the policies of insuram c required by paragraphs 5 6 and 5 ' shall be adjusted with OWNER and made payable to OWNER as trustee for the insureds, as their interests may appear. subject to the requirements of any applicable mortgage .4use and of para- graph 5 l= OWNER shall deposit in a separate account any money so received, and he shall distribute it in accordance with such agreement as he parties in interest may reach It no other special agreement ,s reached the damaged Work snail ^e repaired or replaced, the moneys so received applied on account thereof and the Work and the cost thereof covered by an appropriate Change Order. 5.12. OWNER as trustee shall have power to adjust and settle any loss with the insurers unless one of he parties is interest shall object in writing within fifteen days after the occurrence of loss to OWNER's exercise of this power. if suca objectio- be made, OWNER as trustee shall make settle- ment w,th the insurers in accordance with such agreement as the parties in interest may reach. If required in writing by any party in interest, OWNER as trustee shall upon the occurrence of an insured loss• give bond for the proper per,ormance of his duties .acceptance of Insurance. 5.13 If OWNER has any objection to the coverage afforded by or other provisions of the insurance required o be purchased and maintau,ed by CONTRACTOR in accor- dance with paragraphs 5 3 and 5 4 on the basis of its not com- -lying with the Contract Dtxuments, OWNER will notify CONTRACTOR :n writing thereof within ten days of the date of delivery of such certificates to O% NER in accordance with paragraph 2 ' If CONTRACTOR has anv objection to the coverage afforded by or other provisions of the policies of insurance required to be purchased and maintained by OWNER in accordance with paragraphs 5 6 and 5 ' on the basis of their not complying with the Contra: Documents, CONTRACTOR will notify OWNER in writing thereof with- in ten Jays of the date of defivery of such certificates to CON- TRACTOR in accordance with paragraph 2.' OWNER and CONTRACTOR will each provide to the other such addi- tional information in respect of insurance provided by him as the other may reasonably request. Fiiiure by OWNER or CONTRACTOR to give any such notice of objection within the time provided shall constitute acceptance of such insur- ance purchased by the other as complying with the C.mtra Documents Partial L'rrlrtarton—P►operry Insurance: 5.14 If OWNER finds it necessary to occupy x use a portion or portions of the Work prior to Suurantial Comple- tion of all .he Work, such use or occupancy may oe ?ccom- plished in accordance with paragraph 14 10: provided that no such use or occupancy shall :ommence before the mvurers providing the propteny insurance have acknowiedgevl notice thereof and in writing etfected the changes ,n coverage nteces- suated thereby The insurers providing the property insu. ante shall consent by endorsement on the policy or policies. but the property insurance shall not be :anceiled or lapse on account of any such partia. use or occupancy ARTICLE is-CONTRAC?OWS RLSPO%SIHILiTIES Supienvsron and Superintendence fh.1 CONTRACTOR shall supervise and direct the work competently and efficiently. devoting such attentsoe thereto