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� 9.7 DutY to Re�ort Defects. Owners or Occupants shall promptly report to the . Association any defect or need for repair to those parts of the Propecty which the Association is obligated to maintain. � 9.8 Damaee Caused by Owner. Notwithstanding any provision to the contrary in this Declaration, if, in the judgment of the Association, the need for maintenance of any part of the P:�perty<s cause�by the willfu! o;negliger.t act or omission of ar.Owner os Qccupant,the gwest or invitee of an Owner or Occupant, or by a condition in ar on the Property which the Owner or the Occupant has wi)lfuliy or negligently allowed to exist, the Association may cause such ' damage or condition to be repaired or corrected (and enter upon any Unit and Limited Common Element to do so). The cost of the repair or cotrection may be assessed against the Unit of the Owner responsible for the damage, and shall be a personaI obligation of the Owner and a lien against that Owner's Unit. SECTION 10 1N5URANCE 10_1 Renuired Coverage. The Association shall obtain and maintain, at a minimum, one or more than one master policy of insurance in accordance with the insurance requirements set forth in the Act and the additional requirements set forth herein issued by one or more than one reputable insurance company authorized to do business in the state of Minnesota,as follows: i 0.1.1 Property insurance in broad form eovering all risks of physical loss in an amount equal to one hundred percent�of the insurable"replacement cost".of the Property, exclusive of (i)deductibles; and (ii) land, footings,excavation and other items normally excluded from coverage (but including all building service equipment and machinery). • � T�e Association, at its sole discretion, may or may not insure the following items ceiling antl wall finishing materials, floor coverings, cabinetry, finished millwork, electrical or plumbing fixtures serving a single Unit, built-in appliances, improvements and betterments re�ardless of when instal]ed, and any items referred to in Section ' S15B.3-113(b)(i) through (vii) of the Act, but must do so if required by the fiedera] ! National Mortgage Association ("FNMA"), the Federal Home Loan Mortgage Corporation ("FHLMC"), the Federal Housing Administration ("FHA"), or the secretary � of Veteran's Affairs ("VA"). The policy or policies shall cover persona! property owned by the Association. The policy or poiicies shall also contain "Inflation Guard" and "Agreed Amount" endorsements, if reasonably available. Such policy or policies shall include such additional endorsements, coverages and timits with respect to the foregoing and other hazards as may be required from time to time by the regulations of the FHA, VA, FNMA or FHLMC as a grecondition to their insuring, purchasing or financing a mortgage on a Unii. The Board may also, on behalf of the Association, enter into binding written agreements with a mortgagee, insurer or servicer, including without limitation the FHA, VA, FNMA or FHLMC, obligating the Association to keep certain specified coverages or endorsements in effect. 10.1.2 Commercial general liabi]ity insurance covering the use, operation, and maintenance of the Common Elements, with minimum limits of one million dollars per MPLS-Word 95281.1 I 24 !