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When, in compliance with the provisiona of this paragraph, the
Lessee shall furnish policies insuring the actual replacement
costs, said valuation shall be without deduction or depreciation
insofar as such coverage may be obtainable, and in auch case the
term "maximum insurable value" as used herein shall mean the
actual replacement coat of the property required to be insured
without deduction for depreciatio~.
All insurance required to be carried shall be effected under
policies written in auch form and iasued by such companiea as
shall be approved by the Lesaor, who shall not unreasonably
withhold such approval. All policies shall be for the benefit
of the Lessor and the Lessee as their respective interests may
appear, and ahall be sub~ect to such provisions as mortgagees
of the Demised Premiaes may require.
13. Reconstruction and Repair. Upon the occurrence of ar~y
damage or o a or par a es ruc ion to any portion of the Demised
Premises, whether or not the casualty causing such damage be inaured
~ against, and whether or not, if insured, any proceeds are paid in
connection therewith, the foregoing provisions shall apply:
. a. Lease to continue. The destruction, alteration, dem-
olition or non-use or o er deterioration in condition of the
Demised Premises or any portlon thereof, regar~dless of the na-
ture thereof or events which cause such destruction, alteration,
demolition or non-use, except taking by eminent domain, shall
not in any way reduce, abate or suspend the Lessee's obligations
and covenants hereunder nor shall the same effect a termination
in whole or in part of this Lease.
b. Reconstruction and Repair by Lesaee. The Lessee, at its
expense, s a repa r a recons ruc , necessary, any and
all improvements, buildings and structures damaged, and shall re-
place or repair all personal proper.ty damaged so as to restore
the same into good condition. For the purposes of this paragraph~
as well as when used elsewhere in this Agreement, "good coridition
shall mean the best condition in which it is reasonably possible
~ to replace the real or personal property involved. Work neces-
sary to accomplish the replacing or repair of any damaged or de-
stroyed improvements or personal property shall be cqmmenced not
later than si~cty (60 ) days after the occurrence of damage, arxi
shall be completed no later than ten (10) months after date of
commencement, provided, however, these time limitations shall be
extended by reason of any time loat due to an Act oP God, war,
civil insurrection, strikes or other events over which the I~essee
has no control.
c. Plans Specifications and Estimates. Within thirty (30)
days after e occurrence o amage requ ng replacement or re-
. pair oP improvements to the Demised Premises, wherein such replace-
ment or repair requirea the issuance of a building or other perratt
by and pursuant to the ordinances of a governmental authority, the
Lessee shall supply to the Lessor plans and specifications for such
reconstruction and repair. Said plans and specifications shall be
prepared by and be under the certificate of an architect licensed
to practice in the State of Florida. Within thirty (30) days there- ?
after the Lessee shall furnish to the Lessor a copy of a contract {
executed by an independent, licensed, general contractor wherein
the work, labor and materials indicated by such plans and specifi-
cations are to be i~lrnished at an agreed price and a performance,
completion and payment bond is provided for. ~
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d. Proceeds of Insurance.
(1) Ftind. In the event proceeda of insurance shall ,
be payableT~y-reason of damage' and/or total or partial ?
destruction of the Demised Premiaes, or any portion there- ;
of, and as often as auch insurance proceeds shall be pay- ~
able, the same shall be paid to the Leasor, ard said suma
so paid shall be depoaited in a special account oi' the Lea-
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