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� ' � . . . .. � - .. � . - � . - � . - � . ._ , - . . 9.1 Dutv to Report Defects, Owners or Occupants shall promptly report to the • Association any deiect or need for repair to those parts of the ProperEy which the Association is obligated to maintain. 9.8 Dama�e 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 Pr�perty:s caused by the willfu! ar neglige^t a�t or omissior. cf an Owner or Qccupant,the gu�st or invitee of an Owner or Occupant, or by a condition in or on the Property which the Owner or the Occupant has willfuliy or negiigently allowea 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 correction may be assessed against the Unit of the Owner responsible for the damage, and shalI be a personal obiigation of the Owner and a 3ien against that Owner's Unit. SECTlOi�1 10 1NSURANCE 10.1 Required Coverage. The Association shal.I obtain and maintain, at a minimum, one or more than one master policy of insurance in accordance with the insurance requirements set for[h 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= i0.1.1 Property insurance in broad form covering all risks of physical loss in an arnount equal to one hundred percent.of the insurable"replacement cost"of the Property, exclusive of: (i}deductibles; and (ii) tand, footings,excavation and other items normally excluded from coverage {bui including all building service equipment and machinery). • � The Association, at its sole discretion, may or may not insure the following items: ceiling and 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 installed, and any items referred to in Section ' 515B3-113(b)(i) through (vii) of the Act, but must do so if required by the Federal ! Nationat Mortgage Association ("FNMA"), the Federa) Home Loan Mortgage Corporation ("FHLMC"), the Federal Housing Administration ("FHA"), or the secretary � of Veteran's Affairs {"VA"). The policy or policies shall cover personal property owned by the Association. The policy or policies shall also contain "Inflation Guard" and � "Agreed Amount" endorsements, if reasonably available. Such policy or policies shall include such additional endorsements, coverages and limits 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 precondition to their insuring, purchasing or financing a mortgage on a Unit. 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 ceRain specified coverages or endorsements in effect. 10_1.2 Commercial general liability insurance covering the use, operation, and maintenance of the Cominon Elements, with minimum limits of one million dollars per MPLS-Word 95281.1 I 24 ;