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<br />restoration ia prohibited pursuant to Section SlSA.3-ll2{g) of the <br />Act. <br /> <br />(iii) The insurance carri~r waives any right to be <br />subrogated to any claim against the Association, the Board, the <br />managing agent, if any, the Declarant, and their respective <br />officers, directors, agents and employees, and all Unit Owners and <br />Occupants, and the insurance carrier agrees that the rl~lease set <br />out in Section 6.3 hereof, shall not impair said policy or <br />prejudice the r~ghts of any insured thereunder. <br />(iv) In no event shall the casualty coverage <br />afforded by sa~d insurance policy be brought i~to contribution <br />with insurance po~i~ies purchased by Unit Owners or Security <br />Holders. <br /> <br />(d) If the Association fails tr ~ay any casualty <br />insurance prem~ums when due, any F~rst t-Sortgagee Inay pay such due <br />premiums, and such sum shall be payable by the Association upon <br />deMand of said First Mortgagee, with interest thereon at the <br />rate then being charged by said F~rst Mortgagee on conventional <br />slngle family residential loans, or, if lower, at the highest rate <br />allowed by law on said sum. Said sum, with interest, may be <br />collected by said First Mortgagee in a civil suit. <br />7.2. Public Liability Insurance. The Association shall <br />purchase public liability insurance for the benefit of the Unit <br />Owners, Occupants and holders of a vendorts interest in a contract <br />for deed on a Unit, the Association. the Board, the manager, if <br /> <br />-23- <br />