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3. Contract Of Sale Clause 4. Building Owner Loss Payable Clause <br /> a_ The Loss Payee shown in the Schedule or in the a. The Loss Payee shown in the Schedule or in the <br /> Declarations is a person or organization you Declarations is the owner of the described <br /> have entered into a contract with for the sale of building in which you are a tenant. <br /> Covered Property. <br /> b. We will adjust losses to the described building <br /> b_ For Covered Property in which both you and the with the Loss Payee.Any loss payment made to <br /> Loss Payee have an insurable interest, we will: the Loss Payee will satisfy your claims against <br /> us for the owner's property. <br /> (1)Adjust losses with you; and <br /> c. We will adjust losses to tenants' improvements <br /> (2)Pay any claim for loss or damage jointly to and betterments with you, unless the lease <br /> you and the Loss Payee, as interests may provides otherwise. <br /> appear. <br /> c. The following is added to the Other Insurance <br /> Condition: <br /> For Covered Property that is the subject of a <br /> contract of sale, the word "you" includes the <br /> Loss Payee. <br /> CP 12 18 10 12 Copyright, Insurance Services Office, Inc.,2011 Page 3 of 3 <br />