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Home My WebLink About0228 included in any improverr.~nts located on tl~e Demised Pren~ises, ~ insurin~7 t;lie I,essee a~ainst any an3 all claims and derr~n:ls made by any person or persons whomsoever fer in~ur~es rcceiv~d in eonnec tion t•~ith the operation and maintenance of ~he improvements and buildin~s located on the Demised Premi3es, or for any other risks insured a`ainst by such policies, each class of ~rhich policies shall have been wri~ten with limits oi'~ not less ~han ~500,0OO,OG for dan~ges incurred or clatrned by any one person, and for not less than ~1,000,000.00 for darrra~es incurred or claimed by more than one person as a result of any accident or incident. All such policies will nan~e the Lessee and Lessor, as their respective interests may appear, as the parties insured by such policy or policies, ~rni the ori~inal or a true copy of' each of such polic3es sha11 be delivered by Lessee to Lessor promptly upon ~he ~~~riting of such pol3cy or policies, together with adequate evidence of ~he fact that the premiums therefor are paid; and, in any event, such policies and evidence of paymznt by the I.,essee of the premiums shall be delivered by the Lessee to Lessor before the expiration oP ar~y then similar coverage and in time to assLre the Lessor Ll~at , such covera~e will be carried continuously. The said insurance policy or policies shall be in such form as herein set ~orth ~r.3 in such compar.y ~r companies, and in such amoU~ts, 3n add- ition to the minimum amounts specified herein as the Lessor ~ shall reasonably require. The said policy or.policies shall , contain a provision reciting that the coverage provided thereby may not be cancelled or changed without actual notice bein~ given to the Lessor. c. Property Insurance. Lessee shall obtain arxi pay for po~.icies o nsurance nsuring the buildin~s and improvements now or hereafter located upon and constitui;ing a portion of the ` Uemised Premises a~ainst loss by fire, windstorm and such othnr hazards as may be included in the broadest form of extended cov- A'_~~ LJ...~ L~ 1l~~ J1~i9_~ 1 L__ i J1___ J 1A l:l'ii~C 11'Vlll l.lulC irtJ 1.1Ui~ dYCL11c1U1C j Ciilll UJ/ UV11C1' t:JC~1U51VIl~ 11 boilers are noY~ or hereafter located in any portion o~ tfie De- mised Premises; and, to ~he extent required by the Lessor, war dama~e or dan,~ge by civil insurrection or commotion as the saRs may not be covered by other policies hereinabove described. ~ ' When, in compliance ~:ith tlie pravi~ions of this para~raph, the i I,essee shall furnish policies insuring the actual replacement ; costs, said valuation shall be without deduction or depreciation s i.nsofar as such covera~e may be obtainable, and in such case tl~e term "maximum insurable value" as used herein shall mc~an the ~ actual. rep?acement cost of the property required to be insured ~ without deduction for depreciation. ~ ~ A11 insurance required to be carried shall be effected under ~ policies written in suct~ form and issued by such companies as ~ shall be approved by the LE:ssor, who shall not unreasonably ` ~ w3thhold such approval. A11~ policies shall be for the benefil; ~ of the Lessor ar~3 the Lesse~ as their respective interests m.?.y ~ appear, arnl shall be sub~ect to such provisions as mortgagees ~ of the Demised Premis~s may require. ~ ~ 1~. Reconstruction and F.ep~ir. Upon the occurrence of any ~ dama~e or -o a or par - a es i~uc ion to any porti_on of the Derrised ~'remises, ~Thether or not the casualLy causing such damar~e ~ insured a~ainst, and whether or not, ii' insure3, 2ny proceeds are paid in ~ connecti.on Llzere~~tith, the fore~;aing provisior~s shall apply: ~ s - a. I~ase to contii~u~. 1'he destruct:ion, alteration, dem- olitl.on or r.or~~usc or o lier det~rioration in con3ition of the - llemised Pr•emises er any portion t}iereoi', re~;ardless oi' the na- ture tl;ereaf or events which cause such desLrZict3on., ~lt;eration, dErnolition or non-use, e~ce~~t takin~; by emin~nt don?ain, shall ~~=j not in any y reduce, abat;e or suspend tl~e I,essee's obli~;at:f.on~ E`~ and covenant.s hereun~ler n~~r sha.ll tl~e sar:e efi'ect a terr:~lnat_ton ~n vrl~ole or in part; of tihi.~ Lease. ~f~ U. R~c~nstruct:i~n ~ind F'ep~ir b,y Le~sEe. The L~ ~sei:, af-. its X` c~:pen~e, s~~a ~p_:~~~:~,~ rt:cc~t~i: Lruct; iir I]GCE3ssa~~y, any ~.ir:t c: ~ 0 R 1~ PAGE ~(•?O 600K Fay . ~ _ fYn i t~.y CF~-iG~S OF fOLG57CIN. f i:t,NK.t !N, Gr~r,~:~'J G ~iiit: :NY,, P. /1 .?O.^_D tJUiiT11'. A5T IE.ti:.•. STkC~T, NORTfi taiAt.~t Lr,tC?+. FL~.rto~ 19~f.~ . z~ _ . ~ . _ _ - _ ~r ~ - " : . : . ` - ~s..~ ~ ~v ~ , _ , _ , _ r .