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<br />~.- ~~.~ - ._~_._._~-..-~----~-~-~.,... <br /> <br />~---~-~--~.-- -.::. - -=~_._-~~-_--.-.---~_._~ <br /> <br />--:--~_.~-~- <br /> <br />As an example, and not by way of limitation, such costs and expenses shall include postage, <br />delivery charges, long distance telephone 'ca1l.s ,and mileage directly related to the management <br />and operation of the Property. <br /> <br />2.12. Taxes: Mortgages. Manager shall, if so requested, obtain and verifybills for real <br />estate and personal property taxes, improvement assessments and other like charges which are <br />or may: become liens against each Property and recommend payment or appeal as Owner in its <br />best judgment may determine. In the event Owner elects to make payments for such taxes, <br />assessments or charges directly, Manager shall forward such bills to Ovmer for payment by <br />Owner in such time to permit Owner to avoid penalty for late payment or to permit Owner to <br />take advantage of available discounts, if any. Manager shall not make any payment on account <br />o~ any ground lease, mortgage, deed of trust or other security b;tstrument, if any, affecting any <br />Property unless specilicallyauthorized to do so by OVY'ner in writing. . <br /> <br />2.13. Property Maintenance Records. Manager shall keep. full and detailed records <br />covering the maintenance and management of the Premises. Said records shall be the property <br />of Owner. Owner and Owner's accountants at all times shall have access to such records as well <br />as to all o1;her books and records of Manager in connection with the maintenance and <br />management of the Premises. Owner shall endeavor in good faith to provide Manager <br />reasonable advance notice of O,;vner's intent to inspect or review any such records. <br /> <br />2.14. Compliance With Laws. Both Owner and Manager sha1.L in good faith seek to. <br />comply With all statutes, ordinances, orders, rules, regulations and other laws of federal, state, <br />county and municipal authorities (collectively, "Applicable Laws") in good faith seek to and <br />with any direction of any public officer or officers acting pursuant to lawi, relating to each <br />Property. If either party receives notice of any violatlonof any Applicable Laws, such party <br />shall provide timely written notice of such violation to the other party. <br /> <br />ARTICLE III. <br /> <br />INDE11NIFICATION; INSURANCE <br /> <br />3.1. Manager's Insurance. Manager sh~ secure and maintain worker's <br />compensation insurance with respect to all employees of Manager, as required under state law. <br />Manager shall. furnish to Owner satisfactory evidence of the foregoing, insurance to Ovmer <br />upon request. <br /> <br />3.2; Owner's Insurance. 'With respect to each Property, Owner will maintain and <br />'keep in force, fire and extended coverage insurance and, if applicable, boiler and machinery <br />insurance, on a replacement cost.basis. Owner, at its own expense, shall also obtain and keep in <br />force comprehensive general liability insurance insuring against loss, damage or injury to <br />property or persons which might arise out of the occupancy, management, operation, leasing or <br />maintenance of each Property, with reasonable liability limits as shall beneg6ti.ated between <br /> <br />. .4- <br /> <br />P5 <br />