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AMERICAN ALTERNATIVE <br /> INSURANCE COMPANY <br /> LOSS PAYABLE PROVISIONS <br /> Named Insured <br /> Non Profit Insurance Program (NPIP) <br /> Policy Number Endorsement Effective <br /> N 1-A2-RL-0000013-10 06/01/2020 <br /> This endorsement modifies insurance provided under the following: <br /> REAL AND PERSONAL PROPERTY COVERAGE PART <br /> (This endorsement changes the policy effective on the inception date of the policy unless another date is indicated above.) <br /> SCHEDULE <br /> Provisions Applicable <br /> Prem No.Bldg.No. Description Loss Payee Loss Lender's Contract <br /> of Property (Named&Address) Payable Loss Payable of Sale <br /> X <br /> (As per Schedule on file with Clear Risk Solutions, Underwriting Administrator) <br /> City of Everett,CHIP <br /> 2930 Wetmore Ave,Suite 8B <br /> Everett,WA 98201 <br /> The following is added to the Loss Payment Condition in the Property Conditions and Definitions form,as indicated by an"X"in the <br /> Schedule: <br /> A. Loss Payable <br /> For Covered Property in which both you and a Loss Payee shown in the Schedule have an insurable interest,we will: <br /> 1. Adjust losses with you;and <br /> 2. Pay any claim for loss or damage jointly to you and the Loss Payee,as interests may appear. <br /> B. Lender's Loss Payable <br /> 1. The Loss Payee shown in the Schedule is a creditor,including a mortgage holder or trustee,whose interest in Covered <br /> Property is established by such written instruments as: <br /> a. Warehouse receipts; <br /> b. A contract for deed; <br /> C. Bills of lading; <br /> d. Financing statements;or <br /> RL 3008 03/03 Page 1 of 2 <br /> 3531900 <br />