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HomeMy WebLinkAbout0014 I ! f in a bood and workmanlike maaner, that Lhc s:u+~e sh:~ll be donc itt conivrmity wii:h all ltt~rs, ordiuance and re~,*u lt~tioi~s of all puUlic authoritics and all insurnncc ir.spection or ratin~; burcaiis ~ i havin~ jurisdiction, that the structure of the demised premises ~ will not be endan~;ered or impaired and that I,essee will repair und all damage caused by or resul~iii~ from any sucli i•epairs, ~ installations, ~.lterations, additions, improvements or removals, ~ ~ including, Uut withaut limxtation, the fillin6 of holes. Lessee ~ E agrees to pay pro;nptlS~ when chie all chai•~es for laUor and F ~ i materials in connection ~sitli any work done by Lesse~ or anyone ~ . ~ claiming under Lessee upon the demised premises so that the 1 t demised premises shall at all time~ Ue free of liens. Lessee ~ ~ . ~ ~ agrees to save Lessor harmless from, and inciemnify Lessor against, an nd all claims for in 'ur loss ar dsnza ~e to c:rGon or ~ ~ Y a ` J Y~ _ P ! property caused Uy or resu lting froin the doina of any such work. ~ XII. ~ ; I NDE~~N I TY A ND I NSURANCE Lessee agrecs that it ~rill m~intain at all times during the term of this lease u•ith respect to the demised pre~-~ises - i ! insurance against loss or dama~e by fire, the so-called extended ~ ~ coverage casualties, vandalism and malicious mischief and r ~ sprinkler leakafie (if there shall be a sprinkler system) and r ~ { ~ such o~her casualties as r~~~y be requested by ~n institutional { ~ ~ ~ ~ ~ lender lioldin~ a first mortgage upon the demised premises or i ~ . ~ ~ ~ property of which the demised premises are a part. Said insurance ' ~ ~ shall be in an amount not less than the replacement vaZue of ~ ~ ! ~ the demised premises. The policies of such insurance shall = ~ , ~ name the Lessor and Lessee as insureds as their interests may ; ~ ~ ~ appear and shall be payable in casc of loss to the holders of ~ , ; any mortgages upon the demised premi5es or property of whicli ; A~ i - ; the demised premises are a part, as tlieir int-erests may appear. i The policies shall provide that lo~ses payable shall be payable ; : notwithstanding any act or negli~ence of any named insured. Said i t insurance shall be written by responsible insurance companies ~ ~ ~y; aaathorized to do business in the stat:e wherein the demised i ; ~ ~.~;3 premises is located and acceptable to an institu tional lender • - ~ ~ ; ~ holding a fizst mort~age u pon the demised premises or the , ~L t : ~ i~ . ~ ; ~ 1~ _ , ~ aa:~ r..~., ~cc~ -...~:3 . ~ .