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B. From the inception of any construction work which
Lessee may effect on the demised premises, and as o~ten as
the Lessee may construct a building or make a substantial
alteration in a building, the Lessee will cause Builders'
Risk Insurance Policies to be written in compliance with
the provisions of the preceding paragraph, as such para- i
graph relates to the nature, minimum amount and naming of l
portion assured by such coverage, and said Policies shall r~
be subject to the approval of the Lessor.
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C. In the event of the destruction of the said building ~
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or improvements, or sai~ Yersonal proper~y by fire, wind-
storm or any other casualty for which insurance will be
payable, and as often as such insurance money shall be paid ~
to Lessor and the Lessee, said sums so paid shall be de-
posited in a joint account of the Lessor and the Lessee,
in a Bank designated by the Lessor, and shall be available
to Lessee for the reconstruction or repair, as the case g
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may be, oE any building or buildings damaged or destroyed
by fire, windstorm or other casualty for which insurance
money shaZl be payable and shall be, by the Lessor and the ~
Lessee, paid out from said joint account from time to time,
on the estimates of an architect, licensed as such in the
State of Florida, having supervision of such construction
and repair, certifying that the amount of such estimate is
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~ being applied to the payment of the reconstruction or repair
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~ and at a reasonable cost therefor, provided, however, that
` it shall be the duty of the Lessee, at the time of creating ~
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" suc joint bank account, and from time to time t erea er ;
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~ until__~he_,said work of reconstruction or repair shall have ~
been completed and paid for to afford the Lessor adequate
evidence of the fact that at all times the undisbursed
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portion of the fund in said joint account is sufficient
F to pay for the work of construction or repair in its
§ entirety, and if the said fund is at any time insufficient
; to pay for the fu~l cost of the job, the Lessee shall .
a~183 431 ~
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