HomeMy WebLinkAbout0610 E' `RC2'~gagee ~+~''iE1i Lessee Sti-icl~i C~ell~l2: SL:Cr'_ originals t!_E' T1'i~~7't-
~a~ee ar:d shall deliver *o i,essor cert•ificates of such pc~licies. ihe
saia F~~; ^i?s cr ~ertiii~ates tY:ereof._ as ~tiz case rna~ be, *ogether .
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w_' i~: evicie?:ce ~f t.i,e f~,ct that the premiums have beer p~id, as afore- f
said, s?:a~l ce delivered b~r Lessee to Less~r before Lhe ex~iratio~~ ef s
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t:-_e t.:_er. correspei:cinc ~r.surar_ce cave~a~e, ~e the. end tj~.at :~essor m3~.
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G ~ ':i~at s::~n coverare is bein~ carried bv
~e a~s~,.: ed t'r:e ~essee c~.r::.zr..:-
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~E~~EE' ~~J;:~~' m~ Pai' ?t;SliRAi~~~~ PRII~Ili'~:S
iessee cover.a::;s and agrees v~i'?_ Lessor t:~a~ Lessee:.will
Fa_: t ~:e Fremi~.,rrs for ali yr.s~<rar.ce pel~ ~es wrich i,essee is obli~a~ed '
carr,.~ ~_.r~dpr *r.e ter;r:s of t: is i.ease ar~d w~ll deliver tre sa~d poli-
c~es ard ~~e eL~1C~Pi:ce o~ pa,~ment to ~?:e iess: r wit'r:in *he time hereir-
a~'`er ~i:~:i~ed.
i~o`~:ir.g }:ereir_ con~ained sr~ll ever be ~or.s'~ruec as rer:-
aer~r:g ~r~ Lesscr perse.^.a~~-: iiable for the paymen~ of 3riy sL.ch insur-
' 3^^e pre~:i~s:s, bN~ i~', 3~ 3i'i,: ~lITi2 ~u~ 1:?~ LYiE C02'1~1T'.uar.ce Oi t~:~S I.ease ~
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4 r re Lassee shall =ail, refuse or neg~lect to precure an:r of the polzcies
;;f ir.surar.ce rec;.:ired in and b;~ t::is ins~rum~n~ to be proc~ared by the
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T 25SE~ =~r keep arld ~_.air.t_air. *~:e same in full fcrec and effect or
~a~: prerr:i~.ms *~:ere~or prorr'pl-: wr.er. d~:e, tY:e ~essor ma..r, at ~ts
~p~ proc~~re or rerew s:~cf: ir.s~rar.~e and *hereupon ~re a;:1o~.n* or
a^:o~_.rts oi mor_~e_; pa~d as ~~:e pre:r:~t<r:~~~ or prem;i:ms d~.~ thereon, ~lt~s in-
'eres` a` ~re ra~e ter. percen* (10;~) per ann~ti~: s~-.all be collectible
as *_r_c_;~r. i~ were rer.~ t~:e:~ ma`.~;red here~under and s~all be due ar:d pay-
able i-~r~::w~tr: ~r lie~: t~ereof ar~d r.o~wi~ns~anti~r.~ t~:e procurement
ard renewal oi' s.:~:: pol~cies `;he Lessor, tr.is inder.`ure and t'r:e terms
created =.~re~~r .:~a a} t~.e opt ~ on c~' ~re Lesscr, be terrr,ina*ed and de-
r~ared a* ar: er:d a::ci all cf ~he rig~:t, es~a*e ar.d ir:~eres~ of ~ne
Lessee ir. s~~:ci-: eve::•, :-:ere:~nder shaii im3red~ately ~ease and beco~:e r:;.~l~
ar.~ ~:c~~d. ~
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Pr~~~ded tr:a~ ~Y:~s Lease is not ir• defa::i~ ar,d ~s i-: ~-ecd `
~ aOCK PACE ~
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