HomeMy WebLinkAbout0473 s
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insurance CO.T.J~1n1t2S ~ C101:-tc~ :.>::.:.1 n:~S i.. t:;:. $tF1tC Oi ~.•~1Gr ilac~,,,
for .
C 1rC c3::C: f,'::%.C'::Cll_"_: CvVi'2'aC~C %t li::: i~: t0
eighty percent (80`;) o the ins.:~~~:ale r~,-
nlacc:aent vulu~ o~ LIi~ buildir.,:;, ::ith loss
nayablu clauses inc~~_:c.;ed nor ::h^ ~~^efi~ of
ttie L^ssor .
Public liability insurance insuri :-7 i.essor and
~ Lessee uCjalC:`_: t is j ui~~ t0 pCLcO:: Gi 1C~:.
Of ll~e art~::.I~g O:lt O~ the uSC :C: OCCL:~ ilOri
O~ ttif-' 1e~;,~~ prt?::iSeS F;ith ~?:.:1~S O i _LVv
Fiundreu Thousand Dollars ($:;OO,OGO.OQ) fo;
one person and One tiliion Dol2:rs ($I,OOO,000.OG)
for any_ n:::~ticr of persons inj are:3 oY mil? ed
- i*i any one ~zcciae nt, and s:~:311 c: :osit ~•:it~:
Lessor apolOi riai:G CC:.tiilCateS C ti..a`le C`:~S`..er.Cv
of sach inssra:.ce ef:ecuted by Lessee's irsurance
carrier. T_n lieu of the ioregoi::~, Lessee
shall- :~oti ~_r Lessor tha; i': c.~rri~.s s::c n::aiic
li~.bi~i::y cc;verac;e uz:~er a ~lar.:•~t policy,
Statl:ly t.~~ i:::i0~::1%S triertof anl'. 'i.:ii~t tic? LCbSOa
of t~~e 1C:.:Si::: p:e,iises has been ._.cG'ed as a
co-in~t:red .
LCSS_'C c3~j: Cj~.~ i=[:%1~ ii Silc7~1 c1t t.~~ ti::i:S ?~O-'
test, ~.:.C;r.--~~ ~•J~ --~.r~ -t t.7 t•!. - s~r.r t:iC'
a.s_'SSO~ u~=]1i:S: is :C: ~rG:1 u~:?'f ~.i:il; c~.-~ C...c::],::^a
arising c;;t o: o; fra;. am' acciti~~:as or ot'rcr
occurzenc~ G:1 O~ c~.~0..'.V Sc:1C~. ~~C:.:~2.SCS CatiSlT:y
1T7 j l:'" f t0 u:1~.' ~ rSO:. Or SG :5 Q~ ~ ro:.~~ ty
:•IIIO.:~SOever O~ :7:1.~`_SO~VeX' c:n ~ C:ti~= "~1~G4:.~.`I G~
indirectly ~o nc;ligent •ase of ieasec:
pre::?isa.~ , o= anv part thereof , said Les-
see, its officers, e:ialoyeeJ, 4~~:11_S, LeSSec'S
permi~:tees, or by sufferan ce by :.essee.
In adcitio::, Lessee agrees to anr.~.:aliy ~::r::ish
to Lessor a copy of Lessee's ir.s~arance appraisals .
l.I I .
2~02:v1G S
l . Lessee Thal e entitled to ::or tgage t:~e pre-
nises leased herein to secure repay;rent of the funds used
to construct tre buildings on the. leased pre.ises; further,
Lessee shall be entitled to refinance t..':c premises by exe-
cuting a nea, or rerc.~al, .:,ortgago to aLCl2re repay:..ent of {
funds borro:•:ed for an e.:t ansion of the :.ctel locate3 or.
tre leaser pr+.:~ise.,; in c.zsn instance, Le~~:~. e will give
• Lessor sixty (EGj c:a1s written notice of its intention to
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a~ 320 PN~~ 4?i
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