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09 <br />Section 102. Lessor I -Md L esSOI- agree that the necessary steps <br />shall be taken to see that there is in full force and effect at all times during <br />the constructing and equipping of the Project the usual insurance coverage <br />applicable to similar construction projects, all of which shall be subject to <br />the prior written approval as to amount and companies by the Lessee and which <br />shall be made payable to the Lessor and the Lessee as their interests may ap- <br />pear and with a standard mortgagee payment clause in the case of the builder's <br />risk insurance payable to the Trustee as its interest may appear. The premiums <br />thereon shall be considered part of the Project costs (hereafter defined). <br />Section 103. Costs incurred by Lessor in discharging its obliga- <br />tions under Section 101 hereof and in other sections of this Article I shall be <br />referred to as "Project costs" and it is agreed that the Project costs will not <br />exceed the sum of Five Hundred Thousand Dollars ($500,000) , or the avail- <br />able proceeds received from the sale of the bonds , or any series thereof if <br />less than the total authorized principal amount has been delivered plus any <br />income or other gains from investments of moneys in the Construction Fund <br />(hereafter referred to) and less any losses on investments of moneys in the <br />Construction Fund, and that if the Project costs should exceed said amount, <br />the Project will be completed, and the Lessee hereby agrees to pay the entire <br />amount of any such excess. Project costs, as that term is used in this Lease <br />and Agreement, shall include all costs and expenses of every nature incurred <br />by Lessor in accomplishing the Project, all costs and expenses incidental <br />thereto, all costs and expenses incurred in connection with the issuance of <br />the bonds, and the amount necessary to pay interest on the bonds during con- <br />struction, including, without limitation, the following: <br />(1) All amounts paid by Lessor in discharge of its obligations <br />under Section 101 hereof, including without limitation, all amounts paid under <br />all construction, engineering, architectural or other contracts; <br />(2) All amounts paid by Lessor for extras, changes or additions <br />agreed to by Lessor and Lessee in accordance with provisions of Section 101; <br />