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. � I ,., . 9.7 Dutv to Report Defects. Owners or Occupants shall promptly repart t the . Associstion any defect or need for repair to those parts of the ProperEy which the Associat on is obligated to maintain. � 9.8 Damaee Caused bv Owner. Notwithstanding any provision to the contrary i this Decla tion, if, in the judgment of the'Association, the need for maintenance of any part c�f the � Prope�y is caused by the willful or negligent a�t or omission of an flwner or Qccupant,the uest vr invitee of an Owner or Occupant, or by a condition in or on the Property which the 4w er or the Oc�upant has wil)fuliy or negligently al]owed to exist, the Assaciation may cause such damage or condition to be repaired or corrected (and enter upon any Unit and Limited Co on Element to do so). The cost of the repair or correctio� may be assessed against the Unit f the Owner'responsible for the damage, and shall be a personal obiigation of the Owner and lien against that Owner's Unit. I SECTIOIV 10 � 1NSURANCE i10.1 Required Coveraee. The Association shall ohtain and maintain, at a mini um, one or more than one master policy of insurance in accordance with the insurance require ents set forth in the Act and the additional requirements set forth herein issued by one or more than one rep{�table insurance company authorized ta do husiness in the state of Minnesota,as foll ws: � i 0.I.1 Property insurance in broad form covering all risks of physical loss an �mount equal to one hundred percent�of the insurahle"replacement cost"of the Pro rty, exclusive of (i}deductibles; and (ii) land, footings,excavation and other items no ally �xcluded from coverage {but including all building service equipment and machin' ry). • � The Association, at its sole discretion, may or may not insure the following it ms: � ¢eilin� and wall finishing materials, floor coverings, cabinetry, finished mill ork, electrical or plumbing fixtures serving a single Unit, built-in appliances, improve ents and betterments regardless of when installed, and any items referred to in Se tion ' $I SB3-113(b)(i) through (vii) of the Act, but must do so if required by the Fe eral ' National Mortgage Association ("FNMA"), the Federal Home Loan Mort age �orporation ("FHLMC"), the Federal Housing Administration ("FHA"), or the secr tary � of Veteran's Affairs {"VA"). The policy or policies shall cover personat property o ned by the Association. The policy or policies shall aEso cantain "Inflation Guard" and `lAgreed Amount" endorsements, if reasonably available. Such policy or policies hall include such additionat endorsements, coverages and limits with respect to the foreg ing ajnd other hazards as may be required from time to time by the regulations of the F A, VA, FNMA or FHLMC as a precondition to their insuring, purchasing or financi g a mortgage on a Unit. The Board may also, on behalf of the Association, enter into bin ing Written agreements with a mortgagee, insurer or servicer, including without limitatio the FHA, VA, FNMA or FHLMC, obligating the Association to keep certain speci �ed c�verages or endorsements in effect. 10.1.2 Commercial general liability insurance coverin� the use, operatian, nd r�aintenance of the Cominon Elements, with minimurn limits of one million dollars per MPLS-WordI95281.11 24 I ;