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84 <br /> ARTICLE VII <br /> INSURANCE <br /> Section 1. INSURANCE TO BE MAINTAINED BY THE ASSOCIATION. The <br /> following insurance coverage shall be maintained in full force and effect by the Association: <br /> (a) Public liability and property damage insurance in such amounts and in such forms <br /> as shall be required by the Association, but public liability shall be an amount of at least One <br /> Million and no/100 Dollars ($1,000,000.00) for each occurrence. <br /> (b) All liability insurance shall contain cross-liability endorsements to cover liability <br /> of the Owners as a group to an individual Owner. <br /> (c) Such other insurance coverage as it may determine to be desirable and necessary, <br /> including fire and hazard insurance covering all improvements located on the Common <br /> Elements. <br /> (d) Such other fidelity bonds as it may determine to be desirable and necessary for <br /> those officers or employees having control over Association funds. <br /> (e) Other insurance required by law. <br /> Section 2. PREMIUMS. Premiums for insurance policies purchased by the <br /> Association shall be paid by the Association and charged as a Common Expense ratably to <br /> Owners as an annual assessment according to the applicable provisions of this Declaration. <br /> Section 3. INSURANCE BENEFICIARIES. All such insurance policies shall be <br /> purchased by the Association for the benefit of the Association and the Owners. <br /> Section 4. INSURANCE TO BE MAINTAINED BY THE OWNERS. Every Owner <br /> shall maintain in full force and effect at all times fire and hazard insurance in an amount equal to <br /> the full insurable value of his Improvements except that the amount shall not be required to <br /> exceed the replacement cost of the Improvements. An Owner shall exhibit to the Board, upon <br /> request, evidence that such insurance is in effect. If any Owner shall fail to maintain such <br /> insurance, the Board is authorized to obtain such insurance in the name of the Owner from an <br /> insurer selected by the Board, and the cost of such insurance shall be included in the annual <br /> assessment of the Owner and shall constitute a lien against his Lot until paid as a result of <br /> enforcement by the Association or otherwise. <br /> ARTICLE VIII. <br /> ARCHITECTURAL CONTROL <br /> Section 1. BUILDING AND SITE IMPROVEMENTS. No dwelling, wall or other <br /> structure shall be commenced, erected, or maintained upon any lot in the Properties, nor shall <br /> any exterior addition to or change in or alteration therein (including color of paint or finish) be <br /> made until the plans and specifications showing the nature, kind, shape, heights, materials, and <br /> location of the same shall have been submitted to and approved in writing as to harmony of <br /> external design and location in relation to surrounding structures and topography by the <br /> 737112.ARC.25437.T26258 10 <br />