(a) Maintain with financially sound and reputable insurers, insurance on its properties, including, but not limited to, the Collateral with coverage and limits as may be required by law and satisfactory to Lender and of such character and amounts as are customarily maintained by Persons engaged in like business or having similar properties in the same geographic area, including, without limitation, fire, theft, burglary, pilferage, public liability, products liability insurance and such other hazards as Lender may specify; (b) furnish to Lender upon the execution of this Agreement and at the beginning of each fiscal year, copies of policies and a statement of the insurance coverage acceptable to Lender; and (c) obtain other or additional insurance promptly, upon the reasonable request of Lender, to the extent that such insurance may be available. Lender shall be named as additional insured and mortgagee or lender loss payee or both as its interests may appear under such policies to the extent of its interest and Borrower will provide such endorsements. The policies shall provide that no cancellation shall occur without thirty (30) days’ prior written notice to Lender. The policies shall also include an endorsement providing that coverage in favor of Lender will not be impaired in any way, by any act, omission or default of Borrower of any other person. Borrower shall provide to Lender notice that such policies have been renewed and premiums are paid by Borrower in accordance with the terms of such policies at least fifteen (15) days prior to the date of expiration. Borrower will at least annually and upon any change, or more often upon the occurrence of an Event of Default, and upon request of Lender, furnish to Lender a schedule of all insurance carried by Borrower, setting forth in detail the amount and type of such insurance. If Borrower fails to comply with this Section 5.3, Lender is authorized to obtain such insurance in the name of Borrower or Lender at the expense of Borrower which amounts may be added to the Obligations.