HomeMy WebLinkAbout1902 • r
of eour~ and attorney's fees incurred in eonnection with an~
3uch defense, in addition to ar~ oth~r ,ums which the Le~sor
• may be called upon to pay by re3son of entry of a Jud~r~.ent
a~ainst the.Lessor in litigation in which such claim is as-
serted. ~ ~
b. Th~ Lessee will cause ~o be written a?~olicy or pol-
icies of insurance in the form generall~_known as Public ~~a- .
bility arxi Property Dama~e and/or Otvner~ s Landlord ar.d iena.nt
Policies, when there are boilers included in any improverk:r.ts
located on the Demised ?remises, insurin~ the Lessee a~air.st
any and all clair~s and der~ands made by any person or ~ersons
whomsoever for in~uries received in cor.::action with ~he oper-
ation and maintenance of the improvements ar:d buildin~s io-
cated on the Demised Prer~ises, or ior any ot'r,er risks ins~red
against by such pol3cies, each class of ~r~hich policies s'nali ~
have been written with limits of not less than ~SOO,OOO,GO for
dama~es incurred or claimed by any one person, and for no~ less
~han a1,000,000.00 for damages incurred or claimed by more ~han ~
one person as a result of any accident or incide:~~. ~1'! such
, policies will nar~e ~he Lessee znd Lessor, as the?r :~es~ective
interests may appear, as the part~es insured by such nolicy or
policies, and the original or a true copy of each of sucn pol- ~
icies shall be delivered by Lessee to Lessor prornptly uvon the
writing oP such policy or policies, together with adequate ev-
~ idence o~ the fact that the premiu.tns therefor are paid; and,
in any event, such policies arxl evidence of pay;r~en~ by the Les-
_ see of the premiums shall be delivered by tre Lessee ~o iessor
. ~ before the expiration of any then similar coverage and in tir~
_ to assure the Lessor that such covarage will oe carried contin-
uously. The said insurance policy or policies•shall 'oe in sach
form as herein set forth ar.d in such company or corapanies, and
in such amounts, in addition to the mini:riuum arrrounts speci£~ed ~
herein as the Lessor shall reasonably requfre. '_'he said poli-
cy or policies shall contain a provision reciting that the
~ coverage provided thereby may not be csncelled or changed with-
. out actual notice being given to.the Lessor.
c. Pronert,y Insurance. Lessee shall obtain and psy for
policies o insurance insuring the buildin~s and in,provements
; ~ now or hereafter located upon and consti tu ~ing a' portion of ~ne
~ Demised ~remises againsi, loss by fire, windstorm and such ot_ner
i hazards as may be inciuded in ~he broadest fo-rm of extenc2ed cov-
erage from time to time available; aryd by boiler expiosion, if
~ i : boilers are now or hereafter located in anJ portio:~ of ~'r,e ~e-
~ mised Premises-; ana, to the extent required by the L~sso-r, war
~ ~ damage or damage by civii insurrection or comm4tion as tne s2me
may not be covered by other polic~es her~einabove dzscribed.
tahen, in co~roliance with the provisions of this ~ara~raph, ~he
Lessee shall furn~sh policies ir.surir~ the actual re~lacemzn~ -
costs, said valuation shall be without deduc~ion or depreciation
insofar as such coverage may be obtainable, and in such case tne ~
- term "maacinium insurable value" as used herein shall r^.~an the ;
actual replaceirent cost oP the ~roperty required to be insured t
without deduction for depreciation. i
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all insurance required to be carried sY:all be effectec: UY1C~G~' F
~ policies wri~ten in such form and issued by such con,~a:ti es as E
~ s'r.all be approved by t'r,e Lessor, who shall rot unreasona~~y ~,,f
~ withhold such approval. ~11 policies snail be for the benef~~
of t'r,e Lessor and the I.essee as tY~eir respective inte~sts r:~ay i:
appear, and shall be sub~ect to sucn provisions as rr~or~gagees ~
of the Der.?ised Premises may require.
13. ~econstructio:~ and ~epa~~: Upon ~he occurrance or a:~y
damage or ~Ov~l or ~ar., a nes ruction to ar~y portion o~ ~ye ~emised
Premises, w'r.e ~her or not the casual~y cau~ing s'uch darr~~e be instired
against, and wheth,er or not, if ins~red, ~ny nroceeds are paid in
connection therewith, the Poregoing provisions sr.all apply:
_8_ aooK188 P~~1899
LAW OFFICEi Or GOLDfiTEIN, fRANKIIN.CHOWIH A iC14RANK, P.A.. 2020 NORTHEAST 163~D STREET, NORTH h1IAM1 E3e.aG2i. Fi.ORID.1 ~3i.i~
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