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Home My WebLink About0430 1 ~ ! -7- ~ ~ ~ . ~ VIII. ' CASUALTY INSURANCE PROVISIONS A. Lessee covenants and agrees with Lessor that Lessee will at all times during the term of this lease, keep insured any and all buildings and improvements now or here-- after located upon said demised premises and all personal property which Lessee may bring or maintain upon the ~ premises, in order to comply with the terms of this lease, in good and responsible insurance companies authorized to do business in Florida, or in such companies as shall have been approved by Lessor and any mortgagee then holding a mortgage encumbering the fee simple title~to the demised premises, for protection against all loss or damage to said property by fire, windstorm or causes insured against by "extended coverage", and if the buildings or improvements on the premises at any time contain boilers or elevators, then Lessee will cause to be written what is generally known as boiler insurance policies and elevator insurance E policies, and wherever the doctrine of co-_insurance might ~ , ~ apply to any such insurance, then the amount~of the in- surance so carried by Lessee w~~l be at all times suffi- ~ cient to prevent co-insurance on the part of the Lessor ~ and the Lessee, and all such policies shall be payable ~ ~ in the event of loss jointly to the Lessor and the Lessee, ~ ~ as their respective interests may appear. Nothing herein ~ ~ , contained, however, shall~be construed as prohibiting the ~ attachment to such policies of a standard mortgage form t ~ c~ause; , ~e~c_lause shall ~ - _ i ~ identify briefly the interest of the mortgagee as such, such ~ ~ ' as, for example, stating "first mortgagee of the fee simple ~ ~ ~~s title", or "mortgagee of the long-term Lessee's interest in ~ `i ,~~x the Ninety-Nine Year Lease". The amount of insurance ~ required, as specified in this paragraph, sha.ll be an amount ;~s equal to the maximum insurable replacement value, as de- ~:3 termined annually by the Lessee and as approved by the Lessor. ~z ~y 0 It i a~ 183 ~ 43~+ _ . . ~y~ ~ . _ : - : - - - ~ ~ - ~ ~.~r_.. . . . _ .r - w . . ~ . _