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:;,origagee and authorized to do business in the state where the demised
~~remises are located, shall name Lessor and Lessee as insured there-
~:ncier, and shall provide that losses shail be paid to said insured and ;
tha ~c;~ortgagee as their respective interest may appear. A mortgage
ciause ~vill be included in said policies coverinq Lessor's mortgagee.
Said policies shall contain a waiver by the insurance company of
recoLrse against Lessee and its agents because of any act or neqligence "
oi LeSS~C and shall further provide that the same shall not be cancelled~
o~~ altered except upon ten (10) days' prior written notice to Lessor and ~
to :•:ortgagee. The original of such policies shall be depositad with
u"L~SJl7r wno r~iay deposit the same with its mortgagee.
saction 902. In case I,essee shall at any time fail, neglect or
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r~~us~: to insure such buildings and improvements and to keep the same
i.:zsurea ds hereinabove provided, then Lessor may, at its election,
~e...r.~ ~r r~r~~<.s e»n~ +Y~c~iY~nl~~ aT1l~ S1T1V FiTlAll]1~'S. T13i1~ t-hPrPfe~r bV
•V~rl~t~.. V? l~r~~\..R JYV~• a~~~.s~waMa~v~~ r~..r. w~.1 L~-.~~- . - .
L~ssor shall be so much additior~~l rental due at the next rent day
! ar~er an5? such payment, with i:~terest at the rate of ten per cent (10~)
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~ . the date of payment thereof .
~ 5~ction 903. It is further agreed that, in the event of loss
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~ ~:r.der any such policy or policies, the insurance proceeds shall be ;
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= paid out upon architects' certificates for the expense of repairing or
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~ rebu-~lding the buildings or improvements which have been damaged or
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~ destroyeo, provided, however, that it shall f irst appear to the satis-
~ ~action of Lessor that the amount of insurance money in its hands shall
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~ at all times be sufficient-to pay for the completion of said repairs
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t a7a-rebuilding; and upon the completion of said repairs or rebuildinq,
~ree from all liens of inechanic's and materialmen and others, any
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_ surp~us of insurance money shall be paid to Lessee. Lessee shall have
tne right to advance any funds to make up any deficit in insurance
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.;,oneys necessary for the com~letion of repairs or rebuilding. Addi-
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_ ~io::ally, Lessee shall have the option on at least thirty (30) days ~
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aava:~ce written notice tendered to the Lessor to assign the total
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i:~surance proceeds to the Lessor and to terminate thia Lease without ~
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