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Home My WebLink About0229 all ii:lprovenr~nts, bui.ldl?;ms and st;ruci:ures dan:~~e1, ar~l sliall r~~_ place or repa~r all ~;ei~sor~al properi.y dama~ed so 1s to restore t tl~e sam~ into ~ood condition. F'or the pul~poses of~~thi.s ~~ara~2~aph ~ { as well as when us~a else~•1here in this Agi~eeir?ei~t, gooa coiraition ~ shall mean tl~~~ best condition in which it is reasonsbly possible to replace the reaY or personal proper~ty involved. Work neces- sary to acomplish the replacir_~ or repair of any dan~ged or de- stroyed improvei~ents or persoi~al property shall be comJ~r~nced not lai;er 1;han s3xty (60) days after the occurrence of damage, and i,..~ _L.-- Srl~ll.l VE.' C:VIIl~.~~''~.~:U ~1V 1Cil.C[' LI1~111 LCII \1V~ ilaVillillJ cal 1.~:1 Ua.~lil. V+ conunencemeil~, provided, however, these t;ime limitations shall be ~ extended by reason of any time lost due to an Act of God, war, ~ civil insurrection, strikes or other events over ~vhich the Lessee has no control. c. Plans, Spec3fications and rstimates. 1n'ithin thirty (~0) days after ~ e occurrence o aa~i,~ge requ r t~g replacement or re- pair of improvemeni;s to the Demised Premises, where3n such replace- ment or repair requires the i~suance of a building or other per;nit by and pursuant to the ordinances of a govei°nmental authority, the Lessee shall supply to thc Lessor plans arxi 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 Florid a. Within thirty (30) days ther~-' after the Lessee shall furnish to the Lessor a copy of a contract executed by an independent, licensed, ~eneral contractor tivherein the work, labor and m3terials indicated by such plans and spec3fi- cations are to be furnished at an agreed price and a performance, completi_on and payment bond is provided for. d. Proceeds of Insurance. (1) Fund. In the event proceeds of insurance shall be payable`~y reason o£ dama~e and/or total or par~ial rlacf-minl•.inn nr t~h~ i~Pm~sed Premises. or anv uortion there- of,vand as of ten as such insurance proceeds shall be pay- able, t;he sa~ shall Ue paid to the Lessor, aixl said surr~ so paid ~ ha]_]_ be deposited in a special accoun~ of ttie Les- ~ sor in a bt~nk in St. Lucie County, Florida, and such su~ ~ ; sY~all be available to the I~ssee for the purpose of recon- ~ struction and repair pur~uant to the provisions of this - para~raph. Such monies shall be paid out of said special : account from time to time by the I.essor upon the certifi- 'y cate o~ the Lessee or of the contractor riho has contracted G for the perforrn:.~nce oi' such reconstruction and repair, cer- ~ tifyina that the ar~~ount of the payment is bein~ applied t;o = the payment of obligat;i_or,s incurred for such reconstruction ~ and repair, provided, hov~ever, th~ Lessor shall have the ~ ~ ri~;llt to malce such payment d irec t1y to the sub-contractor ' or materialt~an to V~hom sums oi' money may be due an3 o~~ing ~ frOlll ti~r.~ to tiirje, as reflected in such certificate, and ~ provided, further, t;hat the I.essor sha11 r,ave the righL to ~ require the L~essee at the tin~e of contr•actir~ for or under-- ~ takin~ ~uch repair or reconstruction, and~or at such addi- ~ tional tii~~~ thereafter as may be appropriate, to provide ~ evidence satisfactory t;o the Lessor that at all tini°s the ~ undisbursed portion ~f such fund in said bank account is n r~ ~ ~ i. s~ T+- t r. 4- nn Zr~~ Y+~ »a i r i r? i f. 4 ~ ~lLl 11C:1C!!lr l~V ~JCtJ 1 Vl trl'IC 1 c:l.Vtl.~t~iZ.a~. .a.w~ a j entirety, arxi if at any tirne it should reasonably appear - to the Lessor t~:at said funds ~•~111 be insufficient to pay the fu11 cost of sa3d repai.r. air.~ reconstruction, thesl,es- - see ~•~ill inu^~~l.ately and foi't}1P1~'~~l deposir into said fun;~ ~ such addj tion~?1 ~?~onies as 1y be reasonably nece~sary to ''Y~ pay st?ch fuli costs. Upon the complel~ion of L-!~e ~aid re- w~w consi;r•ticti.on anci/~r r°~pair, an~ upon the Ins~or havin~ been provided irii;h receipted bj_lls and ful]. an1 final ~•,uiv- - ers of li.en as to all wo-rlc perfor~7~d and n~ater3.~ 1 suppli cd, ! an~ mun'ies r•emainin~ ir, saic? special accoun~ shall be patd _ over and d~.sbut~se3 b5~ t}ie I.~ssor to the Lessve. `::t (2) Tr, anjr inst ~nc~ wh~re procceds of insurance - foi° ~la*.r~,,^e or c~~~ t:r~i~^i:j :~n ^~~311 be less than ~'`~,UCO.00 for ~ reason tt~at It r_i ~o,,-;t~ly app~ar~ Lhai, the cost of repajr ~F~` aooK~~g ~ac~ Zi~ ~v~ ` - t~;: qFFICCS OF G0.GSTE ItJ. F"':!.•:Kl •t. C's!-•:t;. C_°C':;~`,!]::. P.A.. 20:'A NUt:?t~i;:ST 1C3°:: :TRLET. IiCRTH t.til.'.11 E:EAC1i. FLO' {D!. 3~ii•; tif t ~ . zi ~ _ . _ . : _..a..