HomeMy WebLinkAbout1685 • ; . • • ~
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i - scddent os occuss~ace. •tL~ total a~sa~at~ o~ anY~clsim tbat~~aaay a~r'ise .
os be clsiwed to h~ive asi~eA a~aiart the I+~SSO~ or tbe Ll~~ as '
. ~ sforesaid. Whesevar under the proviai'on~ o~ tLis la?se ~?Qseement
' , policies ai insussnce os contracts ther~o~ ase sequised to be is~ued ,
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~ or ~i~~iaed by~the I.ICS.SEE, ~the carti#icatas a~ tt?e i~~w?nca.thereaf ~
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. shsll be dslivered to the LESSOR sr snd fos evldence o~~compliaace by : •
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1 - : the LESSE~ with the terms sad gsoviaiont af thi• "srt3cle os aoy• other '
; article hereo~ pertsiniag to sud deslia~ with insussnce encapt v~rhess th4 ~
` - tsrms o~f sny mortgaQe requise that asid policies or contrscts of insursuce. ,
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~ f be held by the mortasQee. -
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~ . ~ ARTICLE VII. ~ . .
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` ~ . II~TSURANCE PROYffiIONS: , : - . ~
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- 1. Tha I.ESSE~ does hereby pra~aaise, cove~it?at snd sQsee with '
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i the I~ESSOR t~t it will a! all time~ duriag the tes~na' o~ the d~aise pro• :
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vided io= hereby, keep iasured snq sad all building~_ o~ i:inpsoveYnenti ~ ~ -
~ hereafter constructad upoa asid demiaed premise~, io good i?ad se~ponai- .
i ble insurance compan€a~ authorised to do. businas• ~a the Stata o~ Florids
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{ and written by ageats doing busiaess in tha Stste od Flosida.: fos protec- _
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~ tion a siast sll loas os dama e b fire sud arindstos~a, .ia an smaunt that - - ~
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~ ` will be sufficieat to proveat co-insurance oa the psst_o~ the LT~,SSOR os : .
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' - the I.ESSE£, and all policies iasued, aad reaewaL thereo~f. ahsll be "
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' psyable in the event af toss, 3ointly to the LFSSOR and the I.ESSEE, ss
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, ~ their interesta may appesr. Ia the evemt aE-!he destructioa at ssid '
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~ buildings or imgrovements by $se,`aindstorm, or othas casuslty, tor. '
- which ineuraaca benefits shsl! ba psysble. and such ia~ussace money
~haU bave beea paid to the LESSOR and the LESSEE, a~id sum so piid ;
~ " sball be deposited to the sccount o~ the IS`SS~ in s bsnk locsted in
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• . ~ S~ Lucie County, snd sbsll be svsilable to th~ I~$S~E for the secan~truc-
' ~ tion, reLsbilitst~on os repair, sr the cs~e m~?y be, o~ aay bt~iLdin~s ,
damsged or destrayed by ~ire or -wiad~torm. tor vvhich inausanc~ beaefitr
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; _ ° os in~urance anoaay sLsll be pspable. snd shsll be p~i,¢ out by the
- : LT~SS~IIi : from ssid account frona tia~e to ti~a upon the seqs~isfUon at
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~ tha coatrsctor, sppsoved by the sapesviain~ asc.bit~sct licen~od in the
~ ~ Stste o~ Florids ~rho Lss s~pa~risioa vt •uch secoastsnc~ian an~d sepai;~
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