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reasonable indemnification for thet final payment and discharge thereof. <br />r <br />45 Section 2, Insurance. Travelodge shall procure and maintain <br />standard fire Aand extended coverage insurance on the improvements to <br />I % k <br />the extgpt of at, least eighty per cent (80 %) of insurable value. Ex- <br />cept as hereinafter provided the proceeds of this insurance shall be <br />f { 1 <br />used for the repair or replacement of the property so insured# <br />kTrayplodge shall also procure and maintain public liability <br />ansura Ce iasur4ng - against all claims or actions arising from or iapident <br />to the t4ainkess.ponduptea by Travelodge in of about the premises or from <br />any ;act ov negligebee of Travelodgd, and its agents, employees, contract - <br />ingrinvitees'; l }ce*sees`or other persons with or without authority of <br />� v <br />Tr'Avelode in entering u0op or performing any act relating to the leased <br />prerai'se,,din,a* amount pot less than One Hundred Thousand Dollars <br />($100,000.00)''for injury to or death of one person, in are amount not <br />lesg, *+,haiw Five Hundred Thousand Dollars ($500,000.00) for injury to <br />orldeath of tw9 or more persons and for damage to property in an amount <br />not'lesd thafi Fifty Thousand Dollars ($S0,000.00). <br />a <br />Lessor shall have no ownership interest in such insurance and <br />5 J <br />will sign all proper documents in connection with the settlement of any <br />6 <br />loss.by Travvelodgd upon assurance that the proceeds will-be used for <br />the purpose intended. Lessor shall be named as an insured on all policies, <br />! <br />as itb interest may appear. Travelodge shall provide evidence satis- <br />a <br />factory'to Lessor that such insurance is in effect. 4 1 <br />Sdction 3. Taxes. Travelodge shall pay alh taxes and assess- <br />b � <br />:dents 64'thd premises imposed by any state, county or local government <br />during the'tdrm before delinquency. Taxes payable for the last lease <br />year shall be prorated as of termination date. Travelodge shall have the <br />right to contest the validity of any tax or assessment upon furnishing <br />Lessor reasonable indemnification for the final payment and discharge <br />r s <br />thereof. Travelodge shall bear the expense of any proceeding initiated <br />for this purpose, but Lessor shall at Travelodgets request permit itself <br />to be named as a party. <br />e. <br />Taxes payable by Travelodge shall not include income taxes <br />! <br />irk �7 <br />-8- <br />r 5 <br />;L <br />