Dalali LLC dba Golden Fleece Billiards 10/14/2020

A. When this endorsement is attached to the Standard (3)If we deny your claim because of your acts Property Policy CP 00 99, the term Coverage Part in or because you have failed to comply with this endorsement is replaced by the term Policy. the terms of the Coverage Part, the Loss Payee will still have the right to receive loss B. Nothing in this endorsement increases the applicable payment if the Loss Payee: Limit of Insurance. We will not pay any Loss Payee more than their financial interest in the Covered (a)Pays any premium due under this Property, and we will not pay more than the applicable Coverage Part at our request if you have Limit of Insurance on the Covered Property. failed to do so; C. The following is added to the Loss Payment Loss (b)Submits a signed, sworn proof of loss Condition, as indicated in the Declarations or in the within 60 days after receiving notice from Schedule. us of your failure to do so; and 1. Loss Payable Clause (c)Has notified us of any change in ownership, occupancy or substantial For Covered Property in which both you and a change in risk known to the Loss Payee. Loss Payee shown in the Schedule or in the Declarations have an insurable interest, we will: All of the terms of this Coverage Part will then apply directly to the Loss Payee. a. Adjust losses with you; and (4)If we pay the Loss Payee for any loss or b. Pay any claim for loss or damage jointly to you damage and deny payment to you because and the Loss Payee, as interests may appear. of your acts or because you have failed to comply with the terms of this Coverage Part: 2. Lender's Loss Payable Clause (a)The Loss Payee's rights will be a. The Loss Payee shown in the Schedule or in the transferred to us to the extent of the Declarations is a creditor, including a amount we pay; and mortgageholder or trustee, whose interest in Covered Property is established by such written (b)The Loss Payee's rights to recover the instruments as: full amount of the Loss Payee's claim will not be impaired. (1)Warehouse receipts; At our option, we may pay to the Loss Payee (2)A contract for deed; the whole principal on the debt plus any accrued interest. In this event, you will pay (3)Bills of lading; your remaining debt to us. (4)Financing statements; or c. If we cancel this policy, we will give written notice to the Loss Payee at least: (5)Mortgages, deeds of trust, or security agreements. (1)10 days before the effective date of cancellation if we cancel for your b. For Covered Property in which both you and a nonpayment of premium; or Loss Payee have an insurable interest: (2)30 days before the effective date of (1)We will pay for covered loss or damage to cancellation if we cancel for any other each Loss Payee in their order of reason. precedence, as interests may appear. d. If we elect not to renew this policy, we will give (2)The Loss Payee has the right to receive loss written notice to the Loss Payee at least 10 days payment even if the Loss Payee has started before the expiration date of this policy. foreclosure or similar action on the Covered Property. Page 2 of 3 Copyright, Insurance Services Office, Inc.,2011 CP 12 18 10 12