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HomeMy WebLinkAbout0609 1.-: ~~,e e•,et:': c>f *:<e des~ruction of ':~e sai~' bt:ildi::~ ~~r i~,pr. •.~e^:ents, or said pers~~r.ai pro~er~~.• b,,~ fire , wir.dstorm~ ~.~r am; Otriei• ^as~:al`-. f.~r wr.i~•`-_ insi.rar~ce will be ga;•able, and as often as st:c~ in- s~:rar.~:e r~,or.e,: s'-.aly be paid Lessor ar:d t: e Lessee , said s~. m~ so paid s~.all ce,cierosi'.ed a.ioir_? acco~.r.t of t~-:e Lessor ar.d t!-_e ~essee, ir. a ca::k desi~r_ated b..~ ~~:e yesscr, a::d s~:ali be available to Lessee ior ~.~:e recor;s~ r~.c* i~~r. ~~r reFair, as t:~.e case .;:a~: be, oZ an:~ ~::ildinc ~~r b.:ildir.~s da.,.aged or des*_rc~-ed b~~ f ire , wir.dstor^~, or ot~,:er cas~lal- for t4h~cr insurar~ce ^:or:~_.~ s'r:al:i bn pa,~; able a^d shall be ~he Less~r and ~re i:essee, paid o~.:~ fror:: sa;c ,~eint accoun', from time ~c ~ir.:e, on the es*.-ir~:ates Of ar. :rchi*ec* , licensed as such in the Sta~e c.f Fiorida, haY~n~ s~.:per-: isior. ef s~.c~ ccr.s~ructior and repair, certif~~i::~ tY~~at tl:e ~ ~ . , am~oan~ ei suc~. esti^:a*e is be~r.r appi~ed to tr_e pa~;mer.t af the recenstruc- `~or. or repair ar.d a' a reasor~able cest tr.erefor, prc,vided, howe~:er, t^a` s~:aii be t.~ e d~.,* oi `.Y:e Le ssee , a~ t~:e * ir.:e ~.~f crea` in_~ s~ac:: _ , ~ ;`~r.~ ~a2~k acco~:n'., ar_d ~r~m ti:~:e `t~ tir~~e a::ereaf*er ~.~ntil '.i~_e sa;d work , c~ rec~r_sar~c~:~?r_ or reFa~r s~_all have beer. comFle+ed ar.d paid fcr tc aff^rd *~.e Lessor acieq~_.a`e evider,ce of '.he iact Lha ~ a* all ~im.es ~'-:e ; ~ u~:disbarsed ~.'CT'*~^:: ~_i ~:_e f~~^d ir said .=oir~~ bar.k acccun~ is s~.~ffic~en;, e ; 'c D3_: for ~'.:e wcrk er rzcor.~`.r;:c~i~~n or repair in its er;~ire`.,j~, and if r , ~ `~_e sa~d f-~.nd is a` ar_: ~ i:~e ir:s~~.f`~cier.~ ~o pa.; for ~?:e f~.,:ll c~~~t ef ~he ; ~ ~ ; b , - - - ~ ~ ~c ,'~:e ~essee s:~:ali i,::mediaie~:: and forthwi? ~ depos~*. ~n* e said f;.:r_d ~ ~ ~ ? s..c~: i~.~nds ~s ~::a-.~ be r.e^essar-: ar:d ~o prcr~.re receip~ed b~lis 3r.d f<.11 ~ - - ~ ~ _ , - ard i iT131 waivers cf lie:~ w:~.er. a~:e said work sra.~i 'r~a~~e beer cTM~~ie*.ed 3 ~ ~ ar.d dcre , ~ ~ i'. ~re cri~i::als of a~~ s~c:: pelic~es s~:al~ be deiivered to ~ # Lesser Lessee a~or.g wi~'r. ~he re:.e~p*ed b~l~s e~ridencir.~ the `'ac* that ~ t::e prer~:i~.~::~s t~-_erefcr are paid; but nothir.g herein contained shall be ~ ~ cons~rued as prohibiting Lessee from financing t:~e premiums where the ~ ~ -er~-:G ~~_e p^~ ~cies are ror ~~:ree ) rears or r:ore . and ir: s~.;c~: ever.t, .,~_e rece~p~s s~ail ev~deT:ce to be ~.:e fa~:~ t::a' `re ~::s'~alL::en` premi- -;z:.~-, pa_;mer_~ or pa::r~:en's are paid a~ or before *heir respec*_ive ma±uri- *~es. .::.ere ~~~:OWeVP:~'. `~.ere is a r.:or~~a~e cri `~_e prer.:ises, a~~d if. .y _.r:der *.:e `Fr,~.s cf s•_.r~- :nor`.ga~e ~r ~,or~~a~'es, i~ is o~~~~ator:- -_.p~n _~.e :_ess~e ca~~se `:-e or'K:::als af s~~.c:. pol~cies ~o oe deiivereci ~o ~ ~5`~ j ~{/{~R • ~ - 7 _ i r:Y ~ ~ _ _ . ' _ ~ I ~r.,:. . . ' . . . . . . - - .l . . ' ~ . • . ....-'y~ _ ~ , ~ .e _ . _ _ . ~ * _ _a _