2019-496-E AMS - Muter Construction Seymour Center expansion

Browse Search

DocuSign Envelope ID: 12DCC4E1-4D61-4DOE-A2A2-7C6E689613AC 20MUTERCON ACOR& EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE(MM/DD/YYYY) 06/27/2019 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND,EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURERS AUTHORIZED REPRESENTATIVE OR PRODUCER AND THE ADDITIONAL INTEREST. PRODUCER NAME, COMPANY NAME AND ADDRESS NAIC NO. 22zg2 CONTACT PERSON AND ADDRESS_Lr No 919 281-4500 Ext: _ Hanover Insurance company McGriff Insurance Services Box 85612 Post Office Box 13941 Richmond,VA=65 Durham,NC 27709 X .8887468761 auu IL FA ,bpendleton@mcgriffinsurance.com IF MULTIPLE COMPANIES,COMPLETE SEPARATE FORM FOR EACH CODE: SUB CODE: POLICY TYPE CUSTOMER ID a: 1619133 Builders Risk NAMED INSURED AND ADDRESS LOAN NUMBER t POLICY NUMBER Muter Construction LLC IH6A09690205 100 N.Arendell Avenue Zebulon,INC 27597 EFFECTIVE DATE EXPIRATION DATE CONTINUED UNTIL 09/03/2018 09/03/2019 TERMINATED IF CHECKED ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFORMATION ACORD 101 may be attached if mores ace is required) ® BUILDING OR ❑ BUSINESS PERSONAL PROPERTY 2551THomesteadlRoad,Chapel Hill,INC 27561 Orange County Southern Expansion Phase 1-Seymour Center Renovation and Addition THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT,TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. COVERAGE INFORMATION PERILS INSURED I I BASIC I BROAD I X I SPECIAL COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $4,444,500 Building DED: 1,000 ES NO NIA ❑ BUSINESS INCOME ❑RENTAL VALUE X If YES,LIMIT: Actual Loss Sustained;#of months BLANKET COVERAGE X If YES,indicate value(s)reported on property identified above:$ TERRORISM COVERAGE X Attach Disclosure Notice/DEC IS THERE A TERRORISM-SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? I X LIMITED FUNGUS COVERAGE X If YES,LIMIT: 100,000 DED: 1,000 FUNGUS EXCLUSION(IF"YES",specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE _ X If YES, % EQUIPMENT BREAKDOWN(If Applicable) X If YES,LIMIT:Included DED: 1,000 ORDINANCE OR LAW -Coverage for loss to undamaged portion of bldg X If YES,LIMIT:Included DED: 1,000 Demolition Costs X PLIMIT: T: 1,000,000 DED: 1,000 Incr.Cost of Construction X : INCLUDED DED: 1,000 EARTH MOVEMENT(If Applicable) X : 1,000,000 DED: 25,000 FLOOD(If Applicable) X : 1,000,000 DED: 25,000 WIND/HAIL INCL YES NO Subject to Different Provisions X : Included DED: 1,000 NAMED STORM INCL YES NO Subject to Different Provisions X If YES,LIMIT: DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE X HOLDER PRIOR TO LOSS CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTEREST CONTRACT OF SALE LENDER'S LOSS PAYABLE LOSS PAYEE LENDER SERVICING AGENT NAME AND ADDRESS MORTGAGEE HX Additional Insured NAME AND ADDRESS Orange County 200 South Cameron Street PO Box 8181 Hillsborough,NC 27278 AUTHORIZED RE,P,RsESENTATIVE 76�.�ca 07' + S 488837 Pagel of 3 ©2003-2015 ACORD CORPORATION.All rights reserved. ACORD 28(2016/03) The ACORD name and logo are registered marks of ACORD BDPE