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200604217
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Last modified
5/12/2006 1:15:29 PM
Creation date
5/12/2006 1:15:27 PM
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DEEDS
Inst Number
200604217
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<br />"t ~ III ' <br /> <br />200604217 <br /> <br />cost thereof (without deduction for depreciation) as such replacement cost shall be <br />determined from time to time at the reasonable request of Purchaser by an expert <br />selected and paid by Company and approved by Purchaser. During the course of any <br />construction or repair of any improvements on the premises, be on All Risk Builder's <br />Risk 100% Completed Value Non-Reporting Form or other form approved by <br />Purchaser. <br /> <br />(c) Insurance on personal property against fire and any peril generally <br />included within the classification of "extended coverage" in amounts at least equal <br />to the actual cash value thereof as such values shall be determined from time to time <br />at the reasonable request of Purchaser; <br /> <br />(d) Rental value or business interruption insurance (or a combination <br />thereof as Purchaser may require) on all buildings, fixtures and improvements located <br />on and forming a part of the Project as above described (including parking and <br />common areas) against actual loss sustained by the perils covered by the Building <br />Insurance in amounts of not less than one hundred percent (100%) ofthe total annual <br />anticipated gross rental income, sales or receipts (including in the computation <br />hereof the rental value of any portion of the Project occupied by Company) for <br />fourteen (14) continuous months. Such rental value or business interruption <br />insurance shall (i) be blanket on all buildings, fixtures and improvements (including <br />parking and common areas), (ii) contain no monthly or other periodic limitation, and <br />(iii) contain an endorsement extending the period of indemnity for not less than sixty <br />(60) days after restoration of said buildings, fixtures and improvements is completed; <br /> <br />(e) Workmen's or workers' compensation insurance as required by law <br />and employer's liability insurance with limits of liability of not less than ONE <br />HUNDRED THOUSAND DOLLARS ($100,000); <br /> <br />(1) Such other insurance with respect to the Project in such amounts and <br />against such insurable hazards as Purchaser from time to time may reasonably <br />reqmre. <br /> <br />All such insurance shall be taken out and maintained in generally recognized <br />responsible insurance companies carrying a Best rating of A+, or better, organized and qualified to <br />do business in Nebraska, a certificate of each policy to be held by the Purchaser and shall be carried <br /> <br />6 <br />
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