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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 , - t 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~ ~ ~ ~Y ~ ~ ' ~ ~ ~r - - ~ 3.~.~-'`~ ~ ° _ . - ~°~4-, ~ ~ -