HomeMy WebLinkAbout0059 in :i 1;ood :tncl ~corkr~:~n) iL•r_ :n~i>>i<~r, t.h:tt t.hc~ ~;:z:.~c~ :;1,::1 .1 l?c.~ cl:~,s•_~ .
iti CUilfU2•mity ~~~iLh :t11 l.t~:~:;, oi•c':i«,incc ~t~ic3 z•c~i]u:i~n~ oi .il] ,
public :tutlioi•itics lncl ;tll in~:ur~ncc ii:~~~~ection o~• r.~~t::irii; i~;i~•c.~a~ts "
h1~ii~,' j~~ri:~clicLic;n, thZL the :~Lri~cYui•c ~i Llic dci^~~.ccl prc~a~_:;r.. ~
will not Ue ci~d::n~;ered or implired ~nd ih~ t L~°ss~~, ~~~ill replir :
and 111 damZLe clctsed Uy or resu lti~i~ froio ; ny suclz 2•cpai~•a, ~
i
installations, ;:lterltions, adctitions, imp~•c~ve:ne~it:~ oz• removlls, ~
;
includin~, Uut ~vitlzout lii~~i.tatiei~, tlie ~illin~ o~ l~olcs. Lessee :
agrees to pay pra;nptl~? rll~en duc all ct~ai•~;es for 1~Uox and
matcrials in COI111CC'tlOil ~r•i~li any ~:ork donc U}~ Lessee or anyone ~
claiminb under Lessee upot~ the demised prer~~ises so tl~at the :
demised premises shall at all tin~e , be frce of licns . Lessee ~
agrees to savc Lessor harnless fror~, ~nd iiidc~;~nify l..c:ssor a~ainst, ;
any and all claims for injury, loss~ or c1ma,~~ to paraou or ~
property caused l~y or resu ltin~ fr~:~ the c~oino of an3~ sucti tvo2•k. :
~
XII.
I iiDE.`.:~II T1' A_~rD I2: SURA;~iCE :
I.essee a;re~•s that it ~;ill m:~in~aiii a~ all times ~~rin~
the #erm of this le^se _ v: ith res~cct to the c:.:r.:~ ~ed pre.:~i ~es -
insurance .~ai~nst loss or dzma~e Uy firc, the so-c~.l led extended ~
coverahe casualti~s, vand<_li~m anc~ ~aalicio:i ~ r~zschief rnd
sprinl:lcr leal:~ i;c (if ttici•e sliall l~e a sprinl:ler sysi:c:;~) and
such other casu:clties as ~,~ay Ue rec~uested Uy an institutional
lendcr holdin~ fii•st moz tb~ ~e upo.~ the dcr~ised prc~,~i:~es or
property a~ ~vhicti Lhe deinised pre:>>i::c~s are 1 p~trt. S~ id insurar2ce
i
" shal]. Uc in an a;r.~.~i~t not le ~s th^n thc repl_t~cer.rent valtie of
' the der.~iscd premises. Tiie policies of such in~urance sh~ll
n~mc thc Lessoi• znd Le~;see ~s insc~rcds as tlicir interests may
;
` app~ar ~~nd shall Ue p~yaUlc in c:~sc o~ loss to ttie hald~rs of
~ .
x
any mort;;a~es upon the den:ised prc,rti~~es or property of ~?hicli
- thc dc~nised prer~ises are a pal•t, . s thcir intcrests ma}~ appear.
The policies sh;~3_1 provide that lo~,ses payable shall l~c pa.yable
notwiti~s~anciin~; ~tiy acL or negli~;e~ice of an~~ nameci xusuxed. Said
; insur~.~~ce sh.ill l~e ~~rii.ten by rc~j?on:~iUlr- iti ~uratlce companies
_
" :::~tl~o:•i~:ed Lo cic? bt~sine: s in tl~e si::~t~e r~hci•cin the dci.~i:~ed
~
prc~r,i.sc:; i~ ioc.lted ~tnu ac~cptal~Ic to ~u instit~~tioii:r.Z lendcr
~
holclir~; 1~~I~s;t i:~c~rtl;.~~;c upon tlli: ciciai:~c~ci j~rci.~i:aes ox tiie
` aoox 220 ~~E 5S ~