HomeMy WebLinkAbout1686 . ~ . ~ .
. '
• ' i . .
~ - .
~ ~ .
I ' • - -
! : .
- c~rtityiu~ that ths ainowit at •ucb~ e~tinaste i~ beiaa sPP1i~d to tb~
; pt?y~ent at the seconatructioa; re~abilitatiou or s~piir and ~ ~ ~
' ~ xeasoaasble .cos! therefar; grov3ded, hawever~ tbaR it 3isat ba made
, ' -
1 to appe~r to the uaatsctio~ af the I~SSOR tbst the s~nouat o~f mopey •
~ .
~ nece~~ary to provide for the reconstsuctioa, sebabilitation or sep#?is -
; ,
~ - os any building os buildinas de~troyed or in3ured. ss'sforeasid, ac•~ :
_ ~ ~ . ~
i cordiag to the pl~?aa adopted~there#or, which xnay be ~u escesa ai the . ~
. _ ~ aaaount received upon such•policies os contrscts of insusance, Laa baeo~ '
+ . , .
~
~ ' provided tor by the I~SSEE fos a~tc.~? purpose ancl its applicstioa? for such
' j ~ purpose. Wbile !he work is ,in progrear the Z.ESS~EE vrill, tro~a tiaae to
~ '
tima, sfford to the I.ESSOR, upon the LESSOR'8 sequeat. evideacs o~ ,
E . -
th~:: cost aa cost figures may clasnge dwciag the progssi~ af the wosk
~ -
; ~ - and whenever the cort has reuched a figure where the aanount neces~ary ~
; . - .
to carry the work through to comptetton and procure ful~ snd f~Iasl waivese
~ and releases from atl persons who bave furnished work, lsbos, servicei ~
, .
. ;
~ and materisla to the job is mose thaa the aYnouat remaining in the escrow -
[
fuad ths LESSEE will forthwith pay into the said fumd. upoa de~aand a# .
, . ' ~ -
-
the LFSSOR, a~ufficieat amount !o maks the uadi~tsibutad balaace of the `
~ ~ . _ - -
~ fund sufHcient tv paq the balaace o# the cost af the.wor.~c s~ ao pro8rea~
~ , paymeat~ as hereiaabove pzovided for sball be au?de whlle the is in -
-
; ~dEault in furoisbing cost figures or in maldag additional ptty~iaeats into the
~ . ' • ~ ~ ~ ~ -
, _
; escrow fuad as hereia provided. In thia respect, the t-~-___r__._~~- covenaata
+ f . . _ , -
sad agrees that ia the eveat of tho destruction or dsmsge of the said
: bullding or improvementa, or aay psrt thereaf, snd ss oftaa ai s~?~r buildfa~ ~
~ or 3uapr~eiaent+r oo safd premi~e• ~rhall be destsoyed or daaaa~od by tise
~ . or win~dstorm, tLat the said I~.S.SEE shall rebuild, re1~aMlitata aad repsis
i . . ' • ~ . ~ . _ ~ . ~ . ~
• tha s~ae ia sucL s~asoaer thst the building or bui~ding~ •o sebuilt, se- ~
; ~ , ~ s,
~ ~ bsbilitsted or repaired, :+~ball be o~.st,least the ssme tralue aa the buiWiugs
' - and ii»psovenn?ent~ apon the demised psex~aises prios !o ~ucL dasns~e or
. ,
,
. ~ dastruction. F~stheraiore, ~ such .rebsbi~itstioo, sepsis or seplacerneot . -
. aLslt be doiu snd co~aapieted resdy iae we snd occupancys~ Mrit~ T11iELY~
- ~12~ lrtONTHB frora th~ tim~ whea t~?a ~oa~ os destsnc.tioo occusr~d. The
~ . obtsinia~ o~f an srcbiteat to superviss repsir. sehab~litaticw os s~pl;csui~nt ~
• -
ss psovidad tos snd seferxsd to in tLia a?rticls ot tbi• s~r~aoisnt, ihsit b•
~ at the •l~ction and by the LF.SSEE. _ , ~
- ~ ~ ~ ~484
~ _ ~ _ - - _
- q, - ~ -
, _ -