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83 <br />Confidential Information of R4 Capital Funding LLC <br /> <br /> <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br /> <br />R4 Capital Funding LLC <br />Tax Exempt Bond Investment Standards <br /> <br />v4.4 March 2022 <br /> h) Property to be Covered: Real and personal property to be insured hereunder shall include <br />property owned by contractors during construction and intended for permanent installation in the <br />project, site work and general contractor’s fees, excavation, undergroundpipes, conduits, and <br />foundations. <br />i) Perils: Perils insured against shall be at least as broad as those included in Insurance Services <br />Organization (“ISO”) Special Form (CP 10 30 10 00), or its equivalent and shall also include coverage <br />for the following perils: <br />(i) Resulting loss or damage to work which is not faulty, arising from faulty <br />workmanship/materials and faulty design, and <br />(ii) Collapse of any sort. <br />j) Soft Costs: Coverage shall be provided for consequential losses which arise because of damage <br />to the project by an insured peril, commonly referred to as “soft costs” or “delayed start up” <br />coverage, including but not limited to the following: <br />(i) Additional costs resulting from the renegotiation of leases and other similar extra <br />expenses incurred following interruption of the Project, including relocation <br />expenses, <br />(ii) Additional realty taxes and other assessments actually incurred for the period the <br />construction has been extended beyond the projected completion date, <br />(iii) Additional advertising and promotional expenses including lease up and marketing which <br />become necessary because of the delay, <br />(iv) Additional interest on money borrowed to finance construction or repair, <br />(v) Additional architect, engineering, consulting, legal and accounting fees, <br />(vi) Additional insurance premiums, and <br />(vii) Extra costs incurred to continue construction and meet contract dates. <br />(viii) “Increased Time to Rebuild” during the period when the policy’s period of recovery has <br />been extended because of requirements to bring the project into compliance with current <br />building laws and codes. <br />k) Water Damage: Coverage is to be provided for property damage and loss of income caused by rising <br />waters, surface water and back-up of sewers and drains and seepage of underground water mains. <br />l) Localized Perils: A Property located in an area prone to localized perils, such as sinkhole, mine <br />subsidence, volcanic eruption, and avalanche, must have one or more insurance policies in place to <br />cover these perils. Sinkholes are particularly common in Florida. Mine subsidence may occur in any <br />location where there is, or has been, subterranean mining, but is particularly common in Pennsylvania, <br />Ohio, Illinois, and Colorado. <br /> <br />Coverage must no less than the estimated Replacement Cost of the buildings affected by the localized peril, <br />with deductibles no greater than those stated in section 1.g above.