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82004946
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Last modified
3/10/2009 4:43:20 PM
Creation date
2/28/2009 11:49:42 AM
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DEEDS
Inst Number
82004946
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<br />~G""~ VQY~4~ <br />P.:uaEK, Gaox~AaT. <br />Ba~iMBkS14Y A. 9VRNitlT <br />A'tiilAi{ETG.AT~LAW <br />Wi IrUBT AYClfCE <br />KCA4MCT, NE 4bi7 <br />injury or death of a single person, and a limit of not less than <br />,$300,000.00 in respect to any one accident, and a limit of not <br />less than $100,000.00 in respect to property damage with reason- <br />able deductible amount provisions. The Lessee shall furnish <br />certificates evidencing such insurance to the Lessor within sixty. <br />(EO) days after the execution of this lease. In case Lessee <br />shall fail at any time to insure said risk as is herein provided, <br />and to keep the same insured, the Lessor may at its election <br />insure such insurance and the amount paid therefore by the Lessor, <br />shall be additional rental due from the Lessee to the Lessor at <br />the next monthly rental date after such payment at. interest at <br />the rate of sixteen gercent (16~) per annum from the date of <br />payment until repayment thereof to the Lessor. <br />9. MATERIAL DAMAGE It•ISURANCE. Lessor, at his expense, <br />~ha11 maintain insurance against loss to said building by-fire, <br />extended coverage, and vandalism and malicious mischief in an <br />amount not less than 5400,000.00. Lessee shall keep its trade <br />fixtures, equipment, and inventories insured. against loss by fire <br />end other casualties covered under extended coverage in an amount <br />.t deem appropriate. <br />i0. PROTECTION FROM SUBROGATION. Pleither the Lessee <br />for the Lessor shall be liable to the other for any loss or <br />tamage to property on the leased property or the adjoining <br />roperty or in any manner growing out of or connected with the <br />essee's use and occupancy of the leased property, or the condi- <br />ien thereof, or of the adjoining property, whether or not caused <br />y the negligence or other fault of the Lessee or the Lessor or <br />of their respective agents, employees, licensees, or assigns. <br />This release shall apply only to the extent that said loss or <br />3amage to property is covered by fire and extended coverage <br />insurance regardless of whether such insurance is payable to or <br />protects the Lessee, Lessor, or hoth. Nothing in this paragraph <br />shall be construed to impose any other or greater liability upon <br />either the Lessee or the Lessor that would have existed in the <br />absence of this paragraph. This release shall be in effect only <br />so long as the applicable fire and extended cover:i,,~, insurance <br />~.. <br />
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