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POLICY NUMBER: BUSINESSOWNERS <br /> BP12060110 <br /> THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. <br /> WASHINGTON LOSS PAYABLE CLAUSES <br /> This endorsement modifies insurance provided under the following: <br /> BUSINESSOWNERS COVERAGE FORM <br /> SCHEDULE <br /> Premises Number: 001 Building Num- 001 Applicable Clause A <br /> ber: (Indicate Paragraph A, B or C): <br /> Description Of Property: Financial Grant <br /> Loss Payee Name: City of Everett Its Officers, Employees and Agents <br /> Loss Payee Address: 2930 Wetmore Ave <br /> Everett,WA, 98201 <br /> Information required to complete this Schedule, if not shown above, will be shown in the Declarations. <br /> B. Contract Of Sale Clause <br /> Nothing in this endorsement increases the applica- 1. The Loss Payee shown in the Schedule or <br /> ble Limit of Insurance. We will not pay any Loss in the Declarations is a person or organi- <br /> Payee more than their financial interest in the zation you have entered a contract with for <br /> Covered Property, and we will not pay more than the the sale of Covered Property. <br /> applicable Limit of Insurance on the Covered <br /> Property. <br /> The following is added to Paragraph E.5. Loss <br /> Payment Property Loss Condition in Section I — <br /> Property, as shown in the Declarations or in the <br /> Schedule: <br /> A. Loss Payable Clause <br /> For Covered Property in which both you and a <br /> Loss Payee shown in the Schedule or in the <br /> Declarations have an insurable interest, we <br /> will: <br /> 1. Adjust losses with you; and <br /> 2. Pay any claim for loss or damage jointly to <br /> you and the Loss Payee, as interests may <br /> appear. <br /> BP 12 06 01 10 ©Insurance Services Office, Inc., 2009 Page 1 of 1 ❑ <br />