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limit the right of the Mortgagees to cause Lessee to carry other <br />insurance in addition to the insurance specified above. <br />(e) All policies shall name Lessor, Lessee and the <br />Mortgagees as insureds as their respective interests may appear; <br />provided, however, that the Mortgagees for so long as the <br />Mortgage Loans are outstanding, shall be named as Mortgagees <br />under the terms of a standard mortgagee clause and all insurance <br />proceeds shall be payable to them. Duplicate copies of such <br />policies or certificates of such insurance shall be promptly <br />furnished to the Mortgagees and Lessor. <br />(f) Any policy of insurance shall provide that any <br />change or cancellation of said policy must be in writing to the <br />Mortgagees, Lessee and Lessor at their respective principal <br />offices at least thirty (30) days before the effective date of <br />said change or cancellation. <br />(g) For so long as the Mortgage Loans on the Project <br />is outstanding, all fire and extended coverage (casualty) <br />insurance proceeds shall be applied by the Mortgagees, as <br />provided in the Mortgage Loans, to the payment of the costs of <br />repairing or rebuilding that part of the Project damaged or <br />destroyed if (i) the Lessee and Lessor agree in writing within <br />ninety (90) days after payment of the proceeds of insurance that <br />such repair or rebuilding is economically feasible, and (ii) the <br />Mortgagees determine that such repair or rebuilding will not <br />adversely affect the payment of principal or interest on the <br />Mortgage Loans. If the property is not repaired or replaced, all <br />such proceeds shall be applied in a manner consistent with the <br />terms of the Mortgage Loan Documents. <br />(h) In the event that the Mortgage Loans have been <br />satisfied and this Lease has not yet been terminated, all <br />insurance proceeds received under the policies set forth in this <br />C:GDLEASE.EHI -21- <br />