Section 5.5. Duty to Maintain Common Area. The Master Association shall maintain and keep the Common Area in good repair, such maintenance to be funded as hereinafter provided. This maintenance shall include, but not be limited to, maintenance, repair, and replacement, subject to any insurance then in effect, of all landscaping and other flora, structures, and improvements situated upon the Common Area, and of the private streets within the Master Association Properties unless such maintenance is the responsibility of a Subassociation. The Master Association may, in the discretion of the Board, assume the maintenance responsibilities set out in any Supplemental Declaration for any Delegate District located on the Master Association Properties, after giving the responsible Subassociation reasonable notice and an opportunity to correct its deficient maintenance. In such event, all costs of such maintenance shall be assessed only against those Owners residing in the Delegate District to which the services are provided. The assumption of this responsibility may take place either by contract or because, in the opinion of the Board, the level and quality of service then being provided is not consistent with the community‑wide standard of Castle Pines North. The provision of services in accordance with this Section shall not constitute discrimination within a class.

Section 5.6. Duty to Maintain Hazard Insurance. The Master Association shall obtain insurance for all insurable improvements on the Common Area in an amount equal to the full replacement value (i.e., 100 percent of the current "replacement cost" exclusive of land, foundation, excavation, depreciation on personal property, and other items normally excluded from coverage) of the Common Area which shall include all building service equipment and the like, common personal property and supplies, and any fixtures or equipment within the Common Area. Such policy shall include, if applicable, a standard form of mortgagee clause, a "Demolition Cost Endorsement' 'or its equivalent, an "Increased Cost of Construction Endorsement" or the equivalent and a "Contingent Liability from Operation of Building Laws Endorsement" or the equivalent. In addition, such policy shall afford protection against at least the following:

5.6.1. Loss or damage by fire and other hazards covered by the standard extended coverage endorsement with the standard "all‑risk" endorsement, and by sprinkler leakage, debris removal, cost of demolition, vandalism, malicious mischief, windstorm, and water damage;

5.6.2. In the event the Common Area contains a steam boiler, a broad form policy of repair, and replacement boiler and machinery insurance in the amount of at least $100,000 per accident per location; and

5.6.3. Such other risks as shall customarily be covered with respect to projects similar in construction, location, and use to Castle Pines North.