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10 <br />Page 17 <br />The certificates of the insurer or insurers, as the case <br />may be, delivered to the Lessor and the Trustee for the Act No. 9 <br />Bondholders shall be sufficient proof of Lessee's compliance with <br />this section, but the Lessor and the Trustee for the Act No. 9 <br />Bondholders and their agents may inspect or obtain copies of said <br />policies at any time. Proceeds of insurance not released to or <br />on behalf of Lessee as required by Article IX hereof shall be de- <br />posited in the Act No. 9 Bond Fund, or, if at that time all out- <br />standing Act No. 9 and Amendment No. 49 Bonds have been fully paid <br />and discharged, or adequate provision made for their payment and <br />discharge, the said proceeds shall be deposited in the Special <br />Trustee Account pursuant to the agreement between Lessor and <br />Independence County, hereinbefore referred to and hereinafter <br />described. <br />(b) Throughout the term of this Lease Agreement, Lessee <br />shall provide and keep in force, for the benefit of Lessee and <br />Trustee for the Act No. 9 Bondholders general liability insurance <br />policies on standard Arkansas forms, protecting the parties with <br />policy limits of $200,000 bodily injury in respect to injuries to <br />any one person and $500,000 bodily injury in respect to any one <br />accident or disaster; $50,000 property damage in respect to damage <br />to the property of any one owner and $100,000 property damage in <br />respect to any one accident or disaster; and the said liability <br />policies shall cover the entire building and premises. <br />Section 602. In case Lessee neglects to insure and keep <br />insured the buildings and improvements and Lessor's machinery <br />and equipment on the premises as required by Section 601, Lessor <br />or the Trustee for the Act No. 9 Bondholders may at their election <br />