HomeMy WebLinkAbout0698 increase in the property taxes assessed against the leased
premises durinq the term of the le~se to an amount greater than
the property taxes assessed as of January 1, 1986, in addition
to all other sums to be paid under this lease, the amount of
~ any such increase shall be paid by Tenant to Landlord as i
additional rent upon written demand from Landlord.
4.0 INSURANCE.
4.1 INSURANCE COVERAGE OF PREMISES. Tenant shall, at
all times during t e term of this lease and at its expense, ;
keept all improvements which are now or hereafter a part of the
premises insured against loss or damage by fire and the
extended coverage hazards for one hundred percent (1008) of the ~
full replacement value of such improvements under a Stipulated
Amount Endorsement naming Landlord and Tenant as the insured,
and with loss payable to Landlord and Tenant as their interests
may appear, and any loss adjustment shall require the written
consent of both Tenant and Landlord, ~xcept that any loss not
exceeding ONE THOUSAND and 00/100 DOLLARS ($1,000.00) shall be
~ayable to Tenant alone, and the loss adjustment in such cases
shall not require the written consent of Landlord.
4.2 PERSONAL INJURY LIABILITY INSURANCE. Tenant shall,
at its expense, maintain, in effect throughout the term of this
lease, personal injury liability insurance covering the
premises and its appurtenances and sidewalks fronting thereon,
including the sidewalk area used for pedestrians or vehicular
travel entering or leaving the premises, in the amount of THREE
EIUNDRED THOUSAND DOLLARS (~300,000.00) for injury to or death
of any one person, and FIVE HUNDRED THOUSAND DOLLARS
(~500,000.00) for injury to or death of any number of persons
in one occurrence, and property damage liability insurance in ~
the amount of ONE HUNDRED THOUSAND DOLLARS (~100,000.00). Such ~
insurance shall specifically insure Tenant against all `
liability assumed by it hereunder, as well as liability imposed
by law, and shall insure both Tenant and Landlord but shall be
so endorsed as to create the same liability on the part of the
insurer as though separate policies had been written for
Landlord and Tenant. ~
~ 5.0 USE. The premises shall be used and occupied by }
; Tenant for any business or commercial enterpri3e permitted ~
~ under the laws and regulations of the United States, the State #
~ of Florida, and the County of St. Lucie. ~
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~ 5.1 USE RESTRICTIONS. Tenant shall not sell or permit 1
~ to be kept, use or sold in or about the premises any article ~
~ tihat will be excluded under the standard form of fire insurance
~ policies. No use shall be made or permitted to be made of the
~ premises that will cause either the cancellation of any ~
~ insurance policy covering the premises or the refusal by an ~
~ insurance carrier to insure the premises, and Landlord shall ~
~ have the option to terminate this lease if any violation of ,
this provision results in such cancellation or refusal, but if ~
~ Landlord elects not to terminate this lease, then Landlord may 3
~ maintain an action to enjoin Tenant from continuing the acts or
conduct that caused such termination or refusal.
~ 5.2 LAWFUL USE. Tenant shall keep the gremises in a
neat and san tary condition and shall not commit or suffer to
be committed any waste nor maintain or permit to be ma~ntained
any public or private nuisance upon the premises. Tenant shall
not use, nor permit the premises to be used, in whole or in
part, for any purpose or use that is deemed to be in violation
E of any laws, ordinances, regulations or rules of any public
~ authority at any time. A judgment of a court of competent
: jurisdiction or an admission by Tenant in action or proceeding
~ against Tenant that Tenant has violated any~such laws,
~ ozdinances, regulations, or rules in the use of such premises
~ shall be deemed to be a conclusive determination of that fact
~ between Landlocd and Tenant.
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~ 8001(~7~ PAGE 67U ~
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