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received by the Trustees , and the County shall cooperate with the Trustees in such repair. If the Library is damaged twenty five percent (25 % ) or more , as determined by the Indian River County Building Official and the Building Official for the Trustees , the damage shall , up to the limits of insurance proceeds received by the Trustees be repaired or the Library shall be reconstructed as mutually agreed by the County and the Trustees and the County shall cooperate with the Trustees in such repair or reconstruction . 14 . OWNERSHIP ; NO ENCUMBRANCES . Pursuant to the provisions of the Challenge Grant Program , the Trustees shall own the land on which the Library building is located and the Library building at all times during the initial term and any and all renewal terms of this Lease . During the initial term of this Lease and any renewal thereof, neither the County nor the Trustees shall sell , lease , mortgage , or encumber any part of the Library , Library Facility or Leased Premises . 15 . INSURANCE . The respective insurance obligations of the County and the Trustees are as more specifically set forth in the Interlocal Agreement . 16 . CONSTRUCTION OF LIBRARY FACILITY . The Library and the Library Facility shall be designed and constructed according to the schematic design approved by the County , Trustees , and , solely with respect to the Library , the Division of State Library and Information Services in accordance with the Interlocal Agreement . The parties acknowledge and agree that : a ) the Leased Premises on which the Library will be constructed is within Flood Zone AE ; b ) the AE Flood Zone designation creates a requirement that the finished floor elevation for a 100 year flood event is at or above the level of 22 . 3 feet ; and c) the Trustees shall require that the finished floor elevation of the Library be at or above the level of 22 . 3 feet . 17 . SIGNS . The location of all and any signage shall be included in the schematic design that is approved by the Trustees and the County as set forth in the Interlocal Agreement , The County may have external signage identifying the Library as a Indian River County Branch Library as a part of the Indian River County Library System on or at the Library Facility , the Leased Premises ; and any other appropriate locations on the Mueller Campus . The Trustees may have external signage identifying the Library as a College Library on or at the Library Facility , the Leased Premises ; and any other appropriate locations on the Mueller Campus . 18 . NOTICE . Any notice , request , demand , consent , approval or other communication required or permitted by this Agreement shall be given or made in writing and shall be served ( as elected by the party giving such notice) by any of the following methods : ( i ) Hand delivery to the other party ; or ( ii ) Delivery by commercial overnight courier service ; or ( iii ) Mailed by registered or certified mail ( postage prepaid ) , return receipt requested . 5