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119 <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 />r) Ordinance or Law insurance consisting of coverage for: <br />(v) Demolition (10% of full replacement cost) <br />(vi) Increased Cost of Construction (10% of full replacement cost) <br />(vii) Contingent Coverage for the Operation of Building Laws insuring the value of the <br />undamaged portion of the premises (full replacement cost) <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 />s) Debris Removal insurance is to be covered for a limit of 10% of the value of the propertyloss. <br />t) Pollution Clean-up and Removal Coverage is to be provided under the property policy subject to a <br />sublimit of no less than $100,000. <br />u) Business Interruption / Loss of Rents / Extra Expense insurance covering all income earned <br />by the Partnership for the project, including rental income for a period of 12 months (for Debt – <br />loans in excess of <br />$50MM require coverage limit of 18 months) (Time Element coverages) and extended period of indemnity <br />endorsement for 90 days. <br />v) Time Element coverage is to be extended to include: <br />(iv) Utilities Interruption covering all utilities including water, sewer, <br />steam, and telecommunications and must include overhead <br />transmission lines <br />(v) Civil Authority <br />(vi) Ingress/Egress loss caused by inability to access insured property due to a <br />covered loss at surrounding properties <br />w) 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 <br />any location where there is, or has been, subterranean mining, but is particularly common in <br />Pennsylvania, 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.h) above.