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Sent.by: LAW OFFICE 6124701989 04/17/03 1 :32PM Job 913 Page 10/14 <br /> `�I�1` <br /> 'W�w► <br /> �%�L� <br /> � <br /> insura ce against Ioss or da y vandalism, malici s ' chief, fire and extended . <br /> � ra e n Ow r, his mortgagees an e ors, if any, as additional <br /> insura�ce cove g , 9 ; <br /> insured parties loss payee in a mount not s than the f eplacement value <br /> of the lim vement on the emises. <br /> The;ins nce p icies provided for in this Pa raph 11 all be for the mutual <br /> bene t of Owner a Contractor. Prior to commenceme t construction, Contractor <br /> shall �eliver to O ner c ificates of the liability and Contr c 's risk insurance required <br /> herein. Both said insuran certificates shall name s additio I insured parties the <br /> perso s d ignated herein and s payees there der, and shali p vide that neither <br /> of said ' surance policies may be ca eled am ded, revoked or non-renewed without <br /> at le t thirty (30) days prior written notice to ner. <br /> Any in red I s shall be adjusted with th Owner d Cont ctor and made <br /> paya le to the O er and Contractor as t st s for the inside , their interests may <br /> � ort a e c use. U on the ccurr ce of an insured � <br /> appe,ar, sub� t to an applicable m g p <br /> loss,'mo ys received � I be deposi d in a sep ate a ount and the stees shall <br /> makg istribution in accorda e wit the agreement of. e parties in interest. <br /> 7. Inspection bv Owner. Owner shall have the right to inspect Contractor's <br /> work at all times. <br /> 8. Contractor's Guarantv. Contractor does hereby warrant to Owner that he <br /> will �erform all of the work required by this Agreement in accardance with the terms <br /> herepf, and in good and workmanlike manner. Contractor will, at his own cost and <br /> expense, remedy all defects in the work. AI1 corrections shall be made at the <br /> convenience of Owner or his tenants, but during the normal business hours of � <br /> Cont'ractor. <br /> I <br /> !, This warranty hereby incorporates by reference the terms of the statutory � <br /> warr�nties provided by Minn. Stat. Sec. 327A.02 as of the date of this Agreement. <br /> Constrttctiun Agreement 3 <br /> 200 HpllAnder Road, Wayzata, MN <br /> i <br />