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114 <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 /> <br />h) Deductible: The maximum deductible per occurrence (other than National Flood Insurance <br />Program (NFIP), windstorm and earthquake insurance) for property damage (All-Risk) insurance is: <br /> <br />Total Project Value Maximum Per Occurrence Deductible <br />< $10M $50,000 <br />≥ $10M $75,000 <br /> <br />For a policy providing Blanket Insurance Limits: <br />One percent of the aggregate Replacement Cost of the covered properties, to a maximum deductible of <br />$250,000. <br /> <br />Waivers may be available at the sole discretion of R4 on a case-by-case basis. <br />i) Hail, Windstorm or Named Storm: Coverage to apply subject to a maximum 5% deductible. <br />Time element coverage is to be provided for a period of 12 months. <br />j) Wind Insurance: If the All-Risk Property insurance policy excludes coverage for loss arising <br />out of windstorm, a separate wind policy is acceptable. Coverage must insure the project at the <br />full replacement cost and include business income and extra expense and loss of rents coverage <br />(12 months). Additional requirements may apply if coverage is provided through a State Pool. <br />k) Boiler and machinery: Coverage shall apply to all mechanical and electrical equipment, or any <br />other objects typically insured under a boiler and machinery insurance policy, against direct <br />physical damage, time element and extra expense. If coverage is provided under a separate boiler & <br />machinery policy, a Joint Loss Agreement is required. <br />l) Transit: Coverage for property in transit. <br />m) Personal Property of Others: Coverage to be provided for property which the insured may be liable. <br />n) Mold: Coverage is to be provided resulting from a covered cause of loss. <br />o) Water Damage: Coverage is to be provided for property damage caused by back-up of sewers <br />and drains and seepage of underground water mains. <br /> <br /> <br /> <br />Balance of this page left blank intentionally