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provided herein . <br /> The District may sell , lease or otherwise dispose of any <br /> of the property comprising a substantial portion of the System in <br /> the event that ( a ) such property is determined by resolution of the <br /> Board , upon the recommendation of the general manager of the System <br /> and the Consulting Engineers , to be no longer necessary or useful <br /> or profitable for the System , and ( b ) the sale , lease or other <br /> disposition of such property is determined by resolution of the <br /> Board , upon recommendation of the general manager and the <br /> Consulting Engineers , not to impair the ability of the District to <br /> comply during the current or any future Fiscal Year with the rate <br /> covenant set forth herein . <br /> The - proceeds derived from any sale , lease or other <br /> disposition of a substantial portion of the System shall be used <br /> for the retirement of outstanding Bonds . Any other proceeds <br /> derived from the sale , lease or other disposition of a portion of <br /> the System shall be placed in the Renewal and Replacement Fund , <br /> provided , however , all or a portion of any such proceeds may be <br /> used for the retirement of outstanding Bonds if authorized by <br /> resolution of the Board upon the recommendation of the general <br /> manager and the Consulting Engineers . The payment of such proceeds <br /> into the Renewal and Replacement Fund shall not reduce the amounts <br /> required to be paid into such fund by other provisions herein . <br /> I . INSURANCE . For so long as any of the Bonds are <br /> outstanding , the District will carry adequate fire and windstorm <br /> insurance on all buildings and structures of the works and <br /> properties of the System which are subject to loss through fire or <br /> windstorm , will carry adequate public liability insurance , and will <br /> otherwise carry insurance of all kinds and in the amounts normally <br /> carried in the operation of similar facilities and properties in <br /> Florida . Any such insurance shall be carried for the benefit of <br /> the Registered Owners of the Bonds . All moneys received from <br /> losses under any of such insurance , except public liability , are <br /> hereby pledged by the District as security for the Bonds , until and <br /> unless such proceeds are used to remedy the loss or damage for <br /> which such proceeds are received , in such event such repairing the <br /> property damaged or replacing the property destroyed shall be <br /> commenced within a reasonable period after the receipt of such <br /> • proceeds and shall proceed on a reasonable and continuous basis . <br /> J . NO FREE SERVICE . The District will not render or <br /> cause to be rendered any free use of any nature of the System , nor <br /> will any preferential rates be established for users of the same <br /> class . <br /> K . ENFORCEMENT OF COLLECTIONS . The District will <br /> diligently enforce and collect the special assessments , fees and <br /> other charges for the use of the System , will take all steps , <br /> actions and proceedings for the enforcement and collection thereof <br /> 19 <br />