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M <br />ments of this resolution and any supplemental resolution; and <br />(2) may sell, lease or otherwise dispose of any portion of the <br />properties of the Project which shall have become unserviceable, <br />inadequate, obsolete, worn out or unfit to be used in the opera- <br />tion of the Project or no longer necessary, material to, or use- <br />ful in such operation. <br />I. INSURANCE. The Issuer shall carry insurance on the <br />properties comprising the Project of the kinds, against such <br />risks, accidents or casulaties, and in at least the amounts, <br />which are usually and customarily carried upon similar <br />properties, including, without limiting the generality of the <br />foregoing, fire, extended coverage and general liability, and <br />also all additional insurance covering such risks as shall be <br />deemed necessary or desirable by the Issuer; provided, however, <br />that in lieu of carrying such insurance, the Issuer may self - <br />insure to the extent customary with like properties. In the <br />event of any loss or damage to the properties of the Project <br />covered by insurance, the Issuer shall with respect to each such <br />loss, promptly repair and reconstruct to the extent necessary for <br />the proper conduct of the operations of the Project, the lost or <br />damaged portion thereof, and shall apply the proceeds of any <br />insurance policy or policies covering such loss or damage for <br />that purpose to the extent required therefor, unless such repair <br />and reconstruction is not necessary for the efficient operation <br />of the Project. <br />J. ADDITIONAL OBLIGATIONS. Except as provided below, <br />the Issuer hereby covenants and agrees not to incur any other <br />obligations or indebtedness, except refunding obligations, <br />payable from the same source, or any portion thereof, as the <br />Bonds, unless such obligations contain an express statement that <br />such obligations are junior and subordinate in all respects to <br />the Bonds herein authorized as to lien on and source and security <br />for payment from the Pledged Funds, or the applicable portion <br />thereof. <br />-28- <br />J U L 171985 Boow <br />'�L 1 hE 582 <br />