DS9 Document EFTA01127369

WELLS vrtliGr; May 7, 2012 Ms. Lisa Gause Bank of America, N.A. PO Box 30120, Insurance Group NC1-02-06-32 Charlotte, NC 282304120 RE: Leon & Debra Black, etal. Primary and Excess Fine Arts Insurance Dear Ms. Cause: Welk FOY90 Insurance Services USA, Inc. 33O Madison Avenue 7th Floor New York, NY 10017 Business: 212 6827500 Fax: 2126621063 werotwellsfargntnnt/wris As you are aware, the insurance for Leon and Debra Black's art collection is written on a primary and excess basis. I attach herewith primary $100,000,000 and several excess layers for $300,000,000 (total $400,000,000) policies written with XL Specialty insurance Company, Chubb Group, AXA Art and Travelers for a period of ono year from May 8, 2012. Kindly note that Bank of America, NA is included as a Loss Payee per the endorsements. I trust all will be found in order and remain, Sincerely, Jeffrey A. Haber JAH:vnm End. cc: Mr. Leon Black 4.01,11b.: .1,M41304 14e Agesn'at, Together we'll go far el l " - • ~ EFTA01127369 02-May-2012 10:49 AM Bank of America. NA 980.386.6528 1/3 BankofAmerica. Date: 5-2-201.2 ea. REQUEST FOR EVIDENCE OF INSURANCE RENEWAL Please Ruth PROM: Bank of America, NA TO: Wells Fargo Insurance Services Name: Ph Fax e-malls Name Ph Fax : Jeffrey Haber • Please contact me at the above phone number If you have any questions regarding this request. ' RE: Leon & Debra Black Eitel Policy Type: Fine Arts Policy Number: various Ins Company: Borrower: Leo ck Loan Identifier Project/Property Name: Property Location: Thank you. The Insurance coverage referenced above is due to expire or has expired on mm/dd/yyyy. Please fax evidence of insurance to my attention at the above fax number (Include a copy of this request). The bank will accept the ACORD 27 or 28 as temporary proof of Insurance renewal for up to 45 days. Since the ACORD form does not convey rights to the lender, one of the following must be provided within 45 days after the renewal date: o A copy of the Insurance policy Declarations Page with the bank listed as Wasson the Declarations Page. o If the bank Is not on the Declarations Page. A copy of the Declarations Page 2 20 plusa12Loss ftefarrPimummeSsexaUSAft. EFTA01127370 02-May-2012 10:49 AM Bank of America. NA 980-386.6528 2/3 0 Payable endorsement is required (cP1218,438BRJ, or equivalent). The endorsement must add the bank to the policy as Mortgagee or Loss Payee with Lender's Loss Payable provision. o A copy of the Insurance policy. If the bank is not in the policy, a Loss Payable endorsement Is required (CP1218,438BRJ, or equlva ent). The endorsement must add the bank to the policy as Mortgagee or Loss Payee with Lender's Loss Payable provision. Note: ACORD 25 Is a=epble for Liability and Waiters Compensation Insurance only. The Insurance must name the Bark as mortgagee/loss payee (on property Insurance) and as additional insured (on liability Insurance) as reference below: Please note the change in address: Bank of America, N. A. Post Office Box 30120 Charlotte, NC 28230 If your office did not renew the above referenced insurance, please advise us accordingly. EFTA01127371