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Exhibit D <br />INSURANCE REQUIREMENTS <br />Unless Lender agrees otherwise in writing, Borrower shall, at Borrower's sole cost and <br />expense, throughout the term of the Note dated as of the date hereof and executed by <br />Borrower for the benefit of Lender (the "Note") shall keep and maintain the following <br />policies of insurance. Capitalized terms used without definition in this Exhibit D shall <br />have the meaning ascribed to such terms in the Loan Agreement of which this Exhibit is <br />a part. <br />A. Property Insurance. Insurance for the risks of direct physical loss, naming <br />Lender as loss payee as its interests may appear, with minimum coverage being the <br />perils insured under the standard Causes of Loss - Special form (ISO Form CP 10 30) <br />or its equivalent, covering all Improvements, all fixtures and equipment located on or in, <br />or constituting a part of, the Property, in an amount equal to one hundred percent <br />(100%) of the full replacement cost of all such property. The insurance shall (a) cover <br />explosion of steam and pressure boilers and similar apparatus, if any, located on the <br />Property, and (b) cover floods if the Property is in a Special Hazard Area, as determined <br />by the Federal Emergency Management Agency or as shown on a National Flood <br />Insurance Program flood map. The insurance required hereunder shall be in amounts <br />sufficient to prevent Borrower from becoming a co-insurer under the terms of the <br />applicable policies, with not more than a Ten Thousand Dollars ($10,000) deductible.(or <br />such higher deductible approved by the Lender) from the loss payable for any casualty. <br />The policies of insurance carried in accordance with this Paragraph A shall contain a <br />"replacement cost endorsement," an "increased cost of construction endorsement," and <br />an endorsement covering underground work, if applicable. <br />3096835.1 <br />