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( r. 13.1.4 Deductibles: Fi~e. extended coverage. vandalism and malicious mischief and all other perils. $500.00. Any and all deductible losses shall be borne by the Contractors in the same portion that the amount of each Contractors loss bears to the total loss to all contractors on the Project. Uninsured losses shall be borne by each contractor individually. 13.1.5 This insurance shall include the interests of the Owner, the Contractor, Subcontractors, and Su b-subcontractors. 13.2 Any loss insured under Paragraph 13.1 is to be adjusted with Owner and made payable to the Owner as trustee for the parties. as their interests may appear. .,. I. '.,. "'::., ARTICLE XIV CHANGES IN THE WORK 14.1 Owner, without invalidating the Agreement, may order changes in the Work consisting of additions. deletions. or modifications, the Project Sum and the Time Limits being adjusted accordingly. All such changes in the Work shall be authorized by written change orde't signed by Owner. 14.2 The Project Sum and the Time Limit may be changed only by change order mutually acceptable to Owner and Contractor. 14.3 The cost or credit to Owner from a change in the Work shall be mutually acceptable to Owner and Contractor. ARTICLE XV CORRECTION OF WORK 15. I Contractor shall correct any Work that fails to conform to the requirements of the Contract Documents where such failure to conform appears during the progress of the Work. and shall remedy any defects Que to faulty materials, equipment or workmanship which appear within a period of one year from the date of Substantial Completion of the Project. or within such longer period of time as may be prescribed by law, or by the terms of any applicable special guarantee required by the Contract Documents. The provisions of this Article shall apply to Work done by Subcontractors, as well as to Work done by direct employees of Contractor. ARTICLE XVI TERMINATION BY CONTRACTOR 16.1 If. through no fault of Contractor. Owner fails to issue payment pursuant to the provisions of ArtiCle 111 of the Agreement within 30 days of the date payment shall be properly payable. Contractor may. upon seven days' written notice to Owner, terminate the Agreement and recover from Owner payment for all Work executed and for any proven loss sustained upon any materials, equipment. tools. and construction equipment and machinery, including reasonable profit and damages. . ARTICLE XVII TERMINATION BY OWNER 17.1 If Contractor fails to abide by any provisions of the Agreement. or defaults in its obligation to perform the Work in accordance with the Contract Documents. Owner may. after seven days' written notice to Contractor and without prejudice to any other remedy it may have. make good such deficiencies and may deduct the cost thereof from the payment then or thereafter due Contractor or. at its option, may terminate the Agreement and take possession of the site and of all materials. equipment. tools. and construction equipment and machinery thereon owned by Contractor and may finish the Work by whatever method it may deem expedient. and jf the unpaid balance of the Project Sum exceeds the expense of finishing the Work. such excess shall be paid to Contractor. but jf such expense exceeds such unpaid balance. Contractor shall pay the difference to Owner. ~ form 4400157 11/88 Page 6 of 6