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3. Generall .~?11 insurance required to bs curied ~
under li.l an . s all b~ effocted under policies wrttten in ~
,such fora~ and iqsued by auch campaniea as shall be approved by ,
tho Lessor.who shall uot'unreaaonably withhold such approval.
All policise requirad,by Seation 14.Z ahall be for the.benefit ;
of the 7~easor, the Lesseo, and oth~r Lesaeea as to the deraised ~
premisee ~nd'mortqaqe~s as tp the de~ised premi.ees, aa tl~air !
interest iaay~appeaic, and ahall bs ~nbjact to such provisions as. ~
mortqagees o~ ths damisec} premiees may require. _ ~
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15.'~RBCONSTRDCTZON AND RSP~IR. Upon the~occurrence of any ~
_ damaq~ or: o :.o~.pa~ a ea uc ~on to any portion pf the
demieed prem~.aea inclWdiaq itnprovements, buildiqgs and structures,
furniture, f~rnishingi. fixturas,: machinery anc~ equip~ent now or j
hereafter= placsd ther n,, whether or not the caeualty~ cauetqing !
~ , such dm+~aqe be insi~re~aqaine~, and whether or not, i~ iaeured, !
~ any proce~as'ar~ p~id therefor, the followinq provisions:shall ;
apply: ; : . _ ` . ~ - - : . , i
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- 1. ;.B~c truction and Re air b Leseae. The 7~essee, 4
~ at ita expenae, s repa r an racon~truct, -necess~ry, any ~
and all iiaprove~en buildiaqs s~ad iatructuree~. ao ~ia~aaq~¢'.and ~
replace or rapair all `peraoaal p~cpperty. so damaqed so~ ~a'~-to
restoro the eam~ ts f~ oriqinal conditioAS when new. ~S~ch work ~
shall be comeenced- noelater #.haa 60 day~ afte~ the oceu~Yeince of .
damnqe and skall bs campletad no.later than lO n~ontha af~er date <
of commencem~nt. The.;;fo~eeqoinq tina=limitations shall. l~ ~ex- ~
tended due t~ any tis~ lost by roason of an act of natu~~i, War,
civil oom~notioa or_.di ~order, iaatsrial shortages, stfika~: or other {
events over Nhieh :~e {7~essee ltas : no control. ~
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•:2. .Plina S cificationa~•an8 Estimates. within 30 days f
after th~ octturrenGe age, ~ ssee s supply td the
~ Lessor plans aad spac ic.at3.on~ for ~coastIIUEtion and rQpair
which m~st b~ sutb~tau~fally of tha ~sature to reatnre thq. damaged (
~ improvements; buildin~4, structure~-ancl,personal property~to its ~
~ oriqin~l 'conditio~:wh~sr? new. ~ Sa~.d'-:
glans and specificatfons ~ shall i
be prepdred ~d-~iac un$e~c fih~ oertificat~ of an architec~, ?license
~ to practica ~a ~uvh 1A t~ie Stato _'of-_Florida. Within 30 11ays afte~
~ furnishing said plans~;and apeciffcatiot~s; the I.essee ahal~ furnish
to the Lesso~c a contraet ~xacu~d by aa indep~andent qeneral con- ~
tractor wherein thQ wQrk, labo~;:~nd material~ indicatad ~g such
p2ans and spioiffcati+~~ e_will ~r~rnished at an agraed~price and~
a performance, completioA and paymanb bond ia a part thereof. To
the extent that tho d~naqee shall occur to perBOnal property, oth~r
_ than fixture~, a bid ~}eed only bi ~upplfed from a supplier of _ ~
the sanw--Mith a firm prica iadic~tad thereon.
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- '3. ` Insurancti. ~ ~ " ;
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.(a) Fund, In the evuit proceeds of insurauce shall'
~be payable by zea~on ~pf damaqa and/or..total or partial deatruction
~ of t~e demised premiaes, inoluding improvsments, buildinqs and
structuro~ and furnitttre, furni4hinqa, ~fixtures, machinery and ~
equipment now or hsraaftar plae~d thereon and as often as such
insurance procaeds shall be paya~l~, the same shall be paid to
the Lessor and eaid sum?s so paid.-~hall be deposited in a special ~
~ account of the Lessor, d0aiqnated hy the I~easor, and such aums
shall be available to-the Leasea throuqh-the Lessor for the pur-
pose of reconstruCction and repair. Suc~h ~aonies ahall b~ made _
readily available by t.tie Lessor to the Lesse~ for reconetruction
AOLER S GRANDO/R .~d repair and shall bs paid out of said~~ apecial account from ~time
.-.oa~~.s u.. to time by the Lessor upon the estimates of the archtte~t, licensed
, o. .o= as such in the State of Florida, havinq aupervision of such re-
...s»o.~ owwoiw~ conatruction and repair, certifyinq th,at the amount of snch
sNO?nws uMTSe
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