|
85-- 002910
<br />interest'in the Demised Premises by bonding or by providing other
<br />security satisfactory to Landlord.
<br />full right and Landlord grants to Tenant the
<br />Power -of- attorney to prosecute such protest and to
<br />execute, in the name of Landlord, any and all documents required
<br />to prosecute said protest. Tenant agrees that it shall hold
<br />Landlord harmless and defend Landlord from any and all claims,
<br />loss or damages resulting from prosecution of such protest by
<br />Tenant.
<br />3.4 Tax Bills: Landlord shall promptly forward to
<br />Tenant copies of all tax bills relating to the Demised Premises
<br />received by Landlord.
<br />3.5 Other Taxes: If at any time during the term
<br />hereof, the State of Iowa or any political subdivision or agency
<br />thereof, including any count
<br />corporation, district, or county,
<br />ty an county, public
<br />any other
<br />corporation, levies or assesses against Landlord a ax, fee,�loor
<br />excise on rents, on the square footage of the Demised Premises,
<br />on the act of entering into this Lease, or on the occupancy of
<br />Tenant, or any other tax, fee, or excise, however described,
<br />including a value added tax, as a substitution, in whole or in
<br />part, for, or in addition to, any real or personal property taxes
<br />or assessments, Tenant shall pay the same before delinquency,
<br />regardless of whether the same is collectible by Landlord.
<br />3.6 Income and Other Taxes Excluded: Nothing
<br />contained herein shall be construed to require Tenant to pay any
<br />income, estate, inheritance, transfer, or sales taxes resulting
<br />from or based upon rent received from Tenant, upon the sale of
<br />the Demised Premises by Landlord, or upon the death of Landlord,
<br />or upon any of its members.
<br />4. Insurance:
<br />1 Obligation to during the term
<br />.of his Lease, Te ant shaInsurance:
<br />At all times
<br />its own cost and expense, the following 1 keep and maintain: at
<br />g policies of insurance
<br />4.1.1 Comprehensive liabilit
<br />including motor vehicle coverage, with a combined singlen limit co€
<br />not less than Two Million Dollars
<br />,Landlord and Tenant and, at Landlord's election, the mortgagee(s)
<br />of any mortgage(s) against the Demised Premises, against claims
<br />for bodily injuries and /or death and /or damage to property
<br />incurred while on or about the Demised Premises and /or in
<br />connection with any act or omission by Tenant or Tenant's
<br />members, agents, employees, officers, directors, guests, invitees
<br />and licensees.
<br />-3-
<br />u
<br />
|