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<br />200-6 . r, <br /> <br />, <br /> <br />oaused by fires or other perils covered by this insurance, (I <br />except such rights as 't;hey may have to the proceeds ,~"'~ insurance , h,il <br />held by the CONTRA~OR as trustee.. . {" <br /> <br />'1 '1,1 <br /> <br />I' <br />. <br />, <br />fl <br />(I <br /> <br />. <br /> <br /> <br />I <br />(I <br />(I <br />{I <br />I <br />tl <br />'11 <br />{I <br />(I <br />l~~ <br />\. <br />\1 <br />I <br /> <br />204..504 If required in writing by any party in int.erest, the':CPN'l'RAC'l'OR <br />as trustee will, upon the occurrence of loss,' give bond for the <br />proper performance of his duties.. Be will deposit any money <br />reoeived from insurance in a trust account, separatej.;.,tromallL...~ <br />his other funds, and he will distribute it in aooordanoe with <br />such agreement as the parties in interest may reach.. to 'If after <br />loss, no other special agreement is made, replaoementof damaged <br />Work shall be aocomplished as provided in an appropriate Change <br />order.. ' ,;,) <br /> <br />204..505 The CONTRACTOR, as trustee, will have power to adjust and settle <br />any loss with the insurers unless the OWNER shall object in <br />writing within three workinq days of .the occurrence of loss.. <br /> <br />204.506 The OWNER will effect such insurance as he may desire against <br />loss of use of his existing property due to fire or other <br />hazards however caused.. <br /> <br />204.507 Indemnification <br /> <br />The CONTRACTOR will indemnify and hold harmless the OWNER and <br />the ENGINEER and all of the aqents and employees from and <br />against all claims, damages, losses and expenses (inc1udinq <br />attorney's fees) arising out of or resulting from operations <br />under the Contract Documents by the CONTRACTOR, and,Subcon- <br />tractor, anyone directly or indirectly employed by any of them <br />or anyone for whose acts any of them may be liable, which <br />are caused in whole or in part by any error, omission or act <br />of any of them. In any and all claims against the OWNER or the <br />ENGINEER or any of their aqents or employees by any employee of <br />the CONTRACTOR, any Subc6ntractor, anyone directly o~ Indirect1Y <br />employed by any of them or anyone for whose acts any ,of them may <br />be liable, the indemnification obligation of the CONTRACTOR <br />under Section 204.505 shall not be limited in any way by any <br />limitation on the amount or type of damaqes, compensation or <br />benefits payable by or for the CONTRACTOR or any Subcontractor <br />under workmen's compensation laws, disability benefit laws or <br />other employee benefit laws. . <br /> <br />Should the OWNER or the ENGINEER or the CONTRACTOR suffer injury <br />or damage to its person or property because of any error, <br />omission or act of the other or any of, his employees or agents <br />or others for whose acts he is legally liable, claim shall be <br />made in writing to the other party within a reasonable time of <br />the first observance of such injury or damage. <br /> <br />204.60 w~ivers of Claims and Continuinq Obligations <br /> <br />204.601 The CONTRACTOR'S obligation to perform th~ Work and complete the <br />proj eet in accordance with the Contract Documents shall be . <br />absolute. Neither approval of any progress or final payment by <br />