HUMPHRIES, VALERIE R. - Laserfiche WebLink

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5.10 General Liability and Property Damage Insurance. Each Owner shall take out and maintain throughout the term of this Declaration a comprehensive general liability and property damage policy in a reasonable and appropriate amount. Upon the request of the Association, the Owner shall furnish to the Association a certificate of insurance countersigned by an authorized agent of the insurance carrier setting forth the general provisions of the insurance coverage. All policies of insurance obtained by an Owner shall be obtained from an insurance company qualified to do and doing business in the State of California, and such policies may be obtained from one or more companies. 5.11 Manager Training. Each Owner hereby agrees to require any apartment manager for Owner's Property to have an Orange County Apartment Manager's Association Property Management Training Certificate for managing in a "high -risk" environment or equivalent certification and/or experience and training approved by Agency and the Association Board. For property managers in Owner's employ as of the effective date of this Declaration, such managers shall come into compliance with this requirement within one (1) year or such longer period as may be approved by the Association Board. For property managers hired by Owner after the effective date of this Declaration, such managers shall come into compliance with this requirement within one (1) year of the date of commencement of their employment or such longer period as may be approved by the Association Board. The certification requirement set forth above shall be subject to the condition that the cost to obtain such certification not exceed Thirty -Five Dollars ($35.00), as such sum shall be reasonably increased from time to time by the Association Board, to reflect any increases charged by the training organizations. VI. DECLARATION OF EASEMENT 6.1. Grant of Easement to Association. The Owners hereby grant to the Association a nonexclusive easement appurtenant to each Owner's Parcel in, over, through, to and across such Parcels for the purpose of providing access to Association officers, employees and contractors, and their vehicles and equipment, for the purpose of carrying out the rights and obligations of the Association under this Declaration. The location and use of the foregoing easement shall not be changed after the date hereof except through the amendment of this Declaration pursuant to Section 10.2 hereof. 6.2 Character of Easement. Unless expressly stated in this Declaration to the contrary, the easement granted in this Article V1 shall be appurtenant to the Parcels and shall inure to the use and benefit of the Association, the Owners and their tenants, and such easement may not be held, transferred, assigned or encumbered except as an appurtenance to the Parcels. For the purposes of the easement granted in this Article VI, the property benefited by such easement will constitute the dominant estate and the property burdened by such easement will constitute the servient estate. EXHIBIT E: Page 16 of 24