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I I 5.8. All the policies of insurance (or the certificates or other evidence thereot) required to be purchased and main- tained by OWNER in accordance with paragraphs 5.6 and 5.7 will cuntain a provision or endorsement that the coverage afforded will not be cancelled or materially changed or renewal refused until at least thirty days' prior written notice has beel1 given to CONTRACTOR by certified mail and will contain waiver provisions in ilccordance with paragraph 5.11.2. I I I 5.9. OWNER shall not be responsible for purchasing and maintaining any property insurance to protect the interests of CONTRACTOR, Subcontractors or others in the Work to [he extent of any deductible amounts that are provided in the Supplementary Conditions. The risk of loss within [he dcductible amollnt. will he borne by CONTRACTOR. Sub- contractor or others suffering any such loss and irany of them wishes property insurance covemgc within [he limits of such amounts, each may purchase and maintain it at the purchas- er's own expense. I I I 5.10. If CONTRACTOR requests in writing lhat other special insurance be included in the property insurance pol- icy, OWNER shall. if pl)ssibJe, include such ino;;urance, and the cost thereof will be charged to CONTRACTOR by appro- priate Change Order or Written Amendment. Prior to com. mencement of [he Work at the site, OWNER shall in writing advise CONTRACTOR whcther or not such other insurance has been procured by OWN ER. I I Waiver of Rights: 5.11.1. OWNER and CONTRACTOR waive all rights against each other for all losses and damages caused by any of the perils covered by the policies of insurance provided in response to paragraphs 5.6 and 5.7 and any other property insurance applicable to the Work, and also waive all such rights against the Subcontractors, ENGI- NEER, ENGINEER's consultants and all other parties named as insureds in such policies for losses and damages so caused. As required by paragraph 6.11, each subcon. tract between CONTRACTOR and a Subcontractor will contain similar waiver provisions by the Subcontractor in favor of OWNER, CONTRACTOR, ENGINEER. ENGI- NEER's consultants .md all other parties named as insurcds. None of the above waivers shall extend to the rights that any of the insured parties may have to the proceeds of insurance held by OWNER as trustee or otherwise p~y. able under any policy so issued. I I I I I I 5.11.2. OWNER and CONTRACTOR intend that any policies provided in response to paragraphs 5.6 and 5.7 shall protecI all of the panics insured and provide primary coverage for all lo~sc'i and damages call~cd by lhe perils covered Ihaeby. Accordingly, all sUl:h policies shall con. tain provisions to the effect that in the evenl of payment of any loss or damage the insuft:r will have no rights of recovery against any of Ihe parties namell as insureds or additional insureds. and if Ihe in..urers require separate waiver forms to be signed by ENGINEER or ENGI. NEER's consulrant OWNER will oblain the same. and if I I I such waiver forms are required of any Subcontractor, CONTRACTOR will obtain the same. Receipt and Application of Proceeds: 5.11. Any insured loss under the policies of insurance required by paragraphs 5.6 and 5.7 will be adjusted with OWNER and made payable to OWNER as trustee for the insureds, as their interests may appear. subject to the require- ments of any applicable mortgi.lge clause and of paragraph 5.13. OWNER shall deposit in a separate account any money so received, and shall distribute it in accordance with such agreement as the parries in interest may reach. If no other special agreement is reached the damaged Work shall be repaired or rcpla~cd, the moneys so received applied on account thereof and the Work and the cost thereof covered by an appropriate Change Order or Written Amendment. 5.13. OWNER as trastee shall have powerto adjust and settle any loss with the insurers unless one of the parties in interest shall object in writing within fifteen days after the occurrence of loss to OWNER's exercise of this power. If sach objection be made, OWNER as trustee shall make set- tlement with the insurers in accordance with such agreement as the parties in interest may reach. If required in writing by any party in interest, OWNER as trustee shall, upon the occurrence of an insured loss. gi~e bond for the proper per. farmance of such duties. Acceptance of Insurance: 5.14. If OWNER has any objection to the coverage afforded by or other provisions of the insurance required to be pur- chased and maintained by CONTRACTOR in accordance with paragraphs 5.3 and 5.4 on the basis of its not complying wilh the Contract Documents, OWNER shall notify CON- TRACTOR in writing thereof within ten days of the date of delivery of such certificates to OWNER in accordance with paragraph 2.7. If CONTRACTOR has any objection to the coverage afforded by or other provisions of the policies of insurance required 10 be purchased and maintained by OWNER in accordance with paragraphs 5.6 and 5.7 on the basis of their not complying with the Contract Documents, CON- TRACTOR shall notify OWNER in wriling thereof within ten days of the date of delivery of such certificates to CON- TRACTOR in accordance with paragraph 2,7. OWNER and CONTRACTOR shall each provide to the other such addi- tional information in respect of il1surance provided by each as the other may reasonably request. Failure by OWNER or CONTRACTOR to give any such notice of objection within the time provided shall constitute acceptance of such insur- ance purchased by the other as complying with lhe Contract Documents. Partial Utilization-Property Insurance: 5.15. If OWNER finds it necessary to occupy or use a portion or portions of the Work prior to Substantial Comple- tion of all the Work. such use or occupancy may be accom- plished in accordance with paragr8ph 14.10; provided that no 13