HomeMy WebLinkAbout1977 . ~
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qeneral contractor wherein tl^.e work, labor a.~d materials indicaten
by such plans and specificaticns will be furnished at an agreen
price and a perfor:nance, co:apletion a:~d pay:~ent bond is a part ?
thereof . To the extent that tY~.e c.:r:ages s:~Gll occur to personal
property, other than fixtur~s, a bid r.~ed only be su~p2ied fro:n a
suppl~er of the same with a fir:n price ir.dicated t'r.ereon.
19.3. Ins,aranc~.
(a) Fu:~d. Ir: t::e event proceens of insLrance ~::uli
be pay~~e by reason of dar,iage ar.a/or to~al or partial ~estr~sc~io:.
of ~he d~ ;tised premises, ir.ciuding i.:.~;:ove.;,ants, buiidings a.~G sz-ruc-
tares d;,~1 f~lrniture, turnishir.c~S ~ ~~?;~L;,;gS ~~achir.ery oriCi @CliiP:.;B:.:. ~
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now or :zexeafter placed thereon anc as o~ ~en as suc'r. ~ insurar.ce pro- .
cee3s s:ull be payable, the sar.:e s::~ll Ae paid to the : essor and
said sL.~s so ~aid shall be deposite3 ~n a special account o~ t'r.e
Lessor, designated by Lessor, ar:d s::.^.n st:.:.s shall be avaiiable ~o ~::e
tissociation through t'~e Lessor for `_:.e y urpose of reconstruction a:~c
repair. Such monies shalZ be ,::~c,e rea~~~.y available by t;Ze Lessor to
the Association for zeconstruct_o ~ a.~.c repGir ar.d shail be paid c~:t
of said special account fro:,~ ~i, e to ::e by tiie Lessor upon tr:e es- `
tir,.ates of the architect, lice:.sad ~s ~;:c:^. in the State of Florida,
; having supervision of s~:ch recor.st~LC~io:~ a,^.d repair, cex:.i~ying t::a~
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E the a:-nount• of sucr. est~r,iate is aeir:g appliec to the pay:aent of recc:.-
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~ struction and repair and tY~.at at reason~~e cost there~or a:.d r.ot i;.
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~ excess of the fair value tiiereof; provided, i~owever, that it s:,ali be
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~ e dut,~ o_ the Association 4~, the ti.:,e of contracting or u:derta:cir.S .
~or such repair or reconstruction ar:c as frequently t,'~ereafter as ;.::e
Lessor r.;ay re5uire, to provide evidence satis~actory to tne Les~o-r
~ that at al~ ti:tes the undisbu:sec portio:. o~ such fund in said ba7:~ ~
~ account is sufficient to ~ay fcr t'r.e reco;~str•action ar.d repair its
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~ entirety, and ~f at any tin,e it sno::ld r~aso ;z.bly appear that said zur.c
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~ wi11 be insufficient to pay the full cost of said repair and reco:.s~ruc-
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tion, the Association will i:nmediately and for~.with deposit into said
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~ . ~i69 ~i971
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