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<br /> AR'lICLL; IV .
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<br /> • Int�urancc
<br /> Section 4 . 01 . Insurance . ' 'Phe Compnny vhall during the term of this Lease
<br /> r` keep nnd muintain the Demised I'remisea continuously inyured with reputahle in�urere
<br /> - ugainst sucli risks as ure ou� tomarily incured against by indu3triul cperations oE aimilur
<br /> ' Cype and size , und Che Company yhc�ll cnrry und m:�intain or cause to Ue carried anJ
<br /> � maintnined , and will pay or chuae to be paid Lhe premlums for , nt l�ust Che follawing
<br /> h; inaurance with respecC to the Demised Premi.ses , �� rovided such insurance is commercially
<br /> ';, available :
<br /> (a) fire , with llniform Standard lixtended coverage 6ndor3ements , and vnndalism
<br /> `y and melicious mischicf insurunce , as may be approveu for issuance in Nebraska , includinE;
<br /> ' : insurance ngaineC loss or damage from lightning , windsCorm , h.iil , explosion , ciuC ,
<br /> 3 riot nttending a strike , civil commoCion , aircr •aft , vehicles and smoke , ut- nll time� in
<br /> '. an amount ( irrespective of any provision making the Company n co- insurer ) not less
<br /> :;` than the lesser of ( i) the total unpaid principal amount of , and the total interest
<br /> - accrued on , the Honds then outstanding , or ( ii ) the full ineurn6le value of the property
<br /> ;i
<br /> insured ;
<br /> `i (b ) comprehensive general liability insurance on un occurrence basis with
<br /> t ^� limits for personnl liability of $1 , 000 , 000 Eor cach persou and $ L , OOO , U00 for eucit
<br /> occurrence und property damagc insurance with ei 11mit oE $ 100 , 000 ;
<br /> r;
<br /> (c ) comprehensive automubile liaUili[y insurance on an occurrence basis
<br /> with limits for personal liabiliCy of $ 100 , 00U for each person and $ 300 , 000 for each -
<br /> occurrence and property damage insurance with n limle of $50 , 000 ; and ,
<br /> ��:.+.}d . . � . — �
<br /> ;; (d ) workmen ' s compensation insurance as required by the laws of Nebruska .
<br /> ;
<br /> '; Section 4 . 02 . Insurers and Policies . Gach . insurance policy required by
<br /> Section 4 . 01 hereof ( i ) shall be by an insurer (or insurers ) , acceptnble Co the
<br /> i Trustee und the Lessor , which is financially responsiblc , yualified Co do business in
<br /> ;, NeUraska and uf recognized sCanding , ( ii ) shall bc in such form and with such provisions
<br /> ;2 (including , without limiCatlon , the loss payable ciause , lhe waiver of subrogation
<br /> �;� clause , relieving che insurer oP liubility to Chc exCent ot minor claims and tttc
<br /> �'%+ designution of the name assureds ) as ure generally considered standard provisions Eor - -
<br /> �' ' the type of insurance involved , and ( iii ) shall prohibit concellntton or subetantial
<br /> � `' • modificntion by the insurer without nt least 30 days ' prior written notice to the
<br /> .; �
<br /> Leseor and Che Trustee . lJithout limiting the gencrality oP Che toregoing , so lon�
<br /> ' as the bonds are outstanding , all insurance policies carried on the Demised Premises
<br /> t,' ;
<br /> shall name the Company , the Lessor und the Trustee as parties insured thereunder ae
<br /> 4 - the respective interest of each of such parties may appear , and loss thereunder shall
<br /> ' ':; be made payable and shall Ue applied as provided in Section 4 . U3 hereof . f:ach such
<br /> �. ` policy shall provide Chnt losses lhereundcr shall be ad� usted with the insurcr by the
<br /> ;,
<br /> Compuny at its expcnse on behalf of the insured partics , anJ Lhc Company m.�y provide '
<br /> `, `� on behalf of all thc insured parCics , appropriate rcicases to thc insurer in connection :
<br /> with any such adjustment . 'Ctie Company shall furnish [ he Lessor and ttte Trustce copics
<br /> �
<br /> of eacli such policy or appropriate certitications as lo Che insurance policics in force .
<br /> SecCion 4 . 03 . Insurance Proceeds . All insurance carricd or maintained with
<br /> respect to the Demised Premises under clause (a ) of Sect :ton 4 . 01 aUove shall Ue made
<br /> r payable to the TrusLee (except for losses of not more than $ 10 , 000 per occurrence as
<br /> � to which settlement shall be made directly with the Company unless Che 'I'rustec has
<br /> '"' given notice Co the insurer that the Company is in default undcr tl� is Lcase ) und shall
<br /> be applied as follows :
<br /> ,
<br /> �
<br /> (a) except as provided in clause (b ) of tl�ia Section 4 . 03 any insurance
<br /> proceeds received by the Trustee pursuant to this Sectlon 4 . U3 , or , lt the insurance
<br /> required by Section 4 . 01 wns tioC carried , sucli sums as would have been recovered i [
<br /> the Company had carried the reyuired insurance (whiclt sums shall ict such evenl be
<br /> promptly deposited by Che Company with the 'Crustee on bchnlf of the Lessor ) vhnll Uc
<br /> deposited to the credit of the Uond Fund ; or
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