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of credit existing at any time shall be reduced by~the amount
thereof paid or applied as herein provided. The amount of the
existing credit hereunder at the time of any transfer of the Land
shall, without assignment thereof, inure to the benefit of the
successor-owner of the Land and shall be applied under and
subject to all of the provisions hereof. Upon payment in full of
the Secured Indebtedness, the amount of any unused credit shall
be paid over to the person entitled to receive it.
1.0? Insurance.
(a) So long as the Secured Indebtedness shall be
outstanding and unpaid, M~rtgagor shall keep the Mortgaged
Property continuously insured against such risks as are
customarily insured ac~ainst with respect to property similar to
the Mortgaged Property by businesses of lifce size and type tother
than business interruption or products liability insurance),
paying as the same become due all premiums in respect thereto,
including but not necessarily limited to: .
(i) Insurance to the full insurable value of the
` Mortgaged Property as determined by Mortgagor or as
f otherwise agreed to by Mortgagee and Mortgagor, without
provisions for co-insurance, against loss or damage by fire
and lightning, with un:form standard extended coverag~
endorsement limited only as may be provided in the standard
form o.f extended coverage endorsement at that time
customarily used in the State of Floricia, provided that the
insurance required by this subsection may contain a
deductible provision of not in excess of $10,000 direct
damage applicable to each separate instance of loss or
damage insured against;
(ii) General public liability insurance against claims
for bodily injury, death or property damage occurring on, in
or about the Mortgaged Property and the adjoining s~reets,
sidewalks and passageways, such insurance to afford single
limit protection of not less th~n $1,000,000 with respect to
bodily injury and property damage in any one occurrence.
Such policies may provide for self-insurance to the extent
of $10,000 with respect to all claims insured against
arising from any single occurrence. Such self-insurance
may, at Mortgagor's option, be taken directly as a
deductible amount or indirectLy under any type of
retrospective rating arrangement between Mortgagor and such
insurer as it may select;
(iii) Workmen's compensation insurance as required by
law; and
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Boo~ 573 ~A~E 9~9
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