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amount of such coverage exceed the replacement value of <br /> the improvements . <br /> Defendant and Trust, at their expense, shall, <br /> in addition, maintain liability insurance with respect <br /> to the properties in such amounts and for such periods <br /> as plaintiff may require; provided that plaintiff shall <br /> not require that the amount of such coverage exceed <br /> $300, 000 . 00 . <br /> The insurance carrier providing the insurance <br /> shall be chosen by defendant and Trust subject to <br /> approval by plaintiff; provided, that such approval <br /> shall not be unreasonably withheld. All premiums on <br /> said insurance policies shall be paid by defendant and <br /> Trust making payment, when due, directly to the <br /> insurance carrier. <br /> All insurance policies and renewals thereof <br /> shall be in a form acceptable to plaintiff and shall <br /> include a standard loss payee clause in favor of plain- <br /> tiff and in a form acceptable to plaintiff . Plaintiff <br /> shall have the right to, hold the policies and renewals <br /> thereof and defendant and Trust shall promptly furnish <br /> the plaintiff with all renewal notices and all receipts <br /> of paid premiums . In the event of loss, defendant and <br /> Trust shall give prompt notice to the insurance carrier <br /> and plaintiff . Plaintiff may make proof of loss if not <br /> made promptly by defendant and Trust. <br /> - 4 - <br />