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82004947
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Last modified
3/10/2009 4:43:35 PM
Creation date
2/28/2009 11:49:56 AM
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DEEDS
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82004947
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<br />82- Oa9~~7. <br />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 />ess than $100,000.00 in respect to property damage-with reason- <br />ble deductible amount provisions. The Lessee shall furnish <br />ertificates evidencing such insurance to the Lessor within sixty <br />60) days after the execution of this lease. In case Lessee <br />hall fail at any time to insure said risk as is herein provided, <br />nd to keep the same insured, the Lessor may at its election <br />nsure such insurance and the amount paid therefore by the Lessor <br />hall be additional rental due from the Lessee to the Lessor at <br />he -next monthly rental date after such payment at interest at <br />he rate of sixteen percent (16~) per annum from the date of <br />ayment until repayment thereof to the Lessor. <br />9. MATERIAL DAMAGE INSURANCE. Lessor, at his expense, <br />hall maintain insurance against loss to said building by fire, <br />xtended coverage, and vandalism and malicious mischief in an <br />mount not less than $400,00.0.00. Lessee shall keep- its trade <br />tures, equipment, and inventories insured against loss by fire <br />nd other casualties covered under extended coverage in an amount <br />t deem appropriate. <br />10. PROTECTION FROM SUBROGATION. Neither the Lessee <br />or the Lessor shall be liable to the other for any loss or <br />amage to property on the leased property or the adjoining <br />roperty or in any manner growing out of or connected with the <br />essee's use and occupancy of the leased property, or the condi- <br />ion thereof, or of the adjoining property, whether or not caused <br />y the negligence or other fault of the Lessee or the Lessor or <br />f their respective agents, employees, licensees, or assigns. <br />his release shall apply only to the extent that said loss or <br />amage to property is covered by fire and extended coverage <br />'nsurance regardless of whether such insurance is payable to or <br />rotects the Lessee, Lessor, or both. Nothing in this paragraph <br />hall be construed to impose any other or greater liability upon <br />ither the Lessee ar the Lessor that would have existed in the <br />sense of this paragraph. This release shall be i `fect only <br />P~~cianes~sa o lone} as the applicable fir.< and extended --^overage insurance <br />~+A1fRNf1IY l ~kIGGYT <br />~rravi~r$Ara:,~a <br />sus rls6r 6vCxut <br />•x,~~sx:wc+Man <br />-4- <br />
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