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053 <br />thereof or any property or rights relating thereto (i) will not result in or <br />cause injury or damage to persons or property, (ii) will be properly used or <br />will accomplish the results which the Purchaser intends therefor, or (iii) is <br />safe in any manner or respect ......................................... ..............................7 <br />ARTICLE IV 8 <br />SECURITY FOR PAYMENT ............................................................................. ..............................8 <br />SECTION 4.3. Deed of Trust In order to secure its obligations under this Agreement, including <br />its obligation to make the Installment Payments hereunder, the Purchaser <br />will execute and deliver the Deed of Trust simultaneously with the <br />execution and delivery of this Agreement ..................... ..............................9 <br />SECTION 4.4. No Set -Off; Recoupment, Etc Subject to Section 4.2 and the Enforcement <br />Limitation, the obligation of the Purchaser to make the Installment <br />Payments hereunder and to perform and observe the other covenants of <br />this Agreement shall be absolute and unconditional, and the Purchaser will <br />pay without abatement, diminution or deduction all such amounts <br />regardless of any cause or circumstance whatsoever, including, without <br />limitation, any defense, set -off, recoupntew or counterclaim that the <br />Purchaser may have against the Seller ........................... ..............................9 <br />ARTICLE V 10 <br />INSURANCE 10 <br />SECTION 5.1. Comprehensive General Liability The Purchaser shall maintain or cause to be <br />maintained throughout the tern of this Agreement, a comprehensive <br />general liability policy or policies in protection of the Purchaser, its <br />officers, agents and employees. Said policy shall cover such losses and <br />for such amounts and shall have such deductible amounts as shall be <br />satisfactory to the Board and, in the judgment of the Board, shall protect <br />the Purchaser against losses not protected under the principles of <br />sovereign immunity. The net proceeds of such liability insurance shall be <br />applied toward extinguishment or satisfaction of the liability with respect <br />to which the insurance proceeds shall have been paid .. .............................10 <br />SECTION 5.2. Workers' Compensation The Purchaser shall maintain workers' compensation <br />insurance issued by a responsible car authorized under the laws of the <br />State to insure its employees against liability for compensation under the <br />laws now in force in the State, or any act hereafter enacted as an <br />amendment or supplement thereto or in lieu thereof. The proceeds of such <br />workers' compensation insurance shall be applied toward extinguishment <br />or satisfaction of the liability with respect to which the insurance proceeds <br />shallhave been paid ...................................................... .............................10 <br />SECTION 5.3. Insurance (a) The Purchaser shall procure and maintain, or cause to be procured <br />and maintained, throughout the term of this Agreement, insurance against <br />loss or damage to any portion of the Mortgaged Property by fire and <br />lightning, with extended coverage, and vandalism, theft and malicious <br />mischief insurance. Said extended coverage insurance shall, as nearly as <br />