Delaware Corp., et al. - Page 21

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                    9.   Insurance.   Purchaser is to procure and                     
               carry at Purchaser’s expense fire and casualty insur-                  
               ance on improvements to the property in an amount not                  
               less than the replacement value with such policies                     
               naming Seller as first loss payee and Purchaser as                     
               second loss payee.  Purchaser shall also procure and                   
               carry out at its expense liability insurance in favor                  
               of the Seller affording protection to the limit of                     
               $500,000.00 * * *.  Purchaser shall provide the Seller                 
               with a copy of such policies and agree to maintain same                
               during the term of this contract.                                      
                  *       *       *       *       *       *       *                   
                    12. Possession of Property.  The Purchaser may                    
               enter into possession of such property as of August 1,                 
               1993, and continue in such possession for and during                   
               the life of this agreement.  The Purchaser shall main-                 
               tain such premises and all improvements thereon in good                
               repair, shall permit no waste thereof, and shall take                  
               the same care thereof that a prudent owner would take.                 
               During the life of this agreement Purchaser may not                    
               improve such property without the Seller’s consent in                  
               writing. * * *                                                         
                    13. Assignment.   No transfer or assignment of                    
               any rights hereunder shall be made by anyone having an                 
               interest herein, unless made in writing and in such                    
               manner and on such terms and conditions required by the                
               Seller.                                                                
                  *       *       *       *       *       *       *                   
                    16.  Loans.   Notwithstanding anything contained                  
               herein to the contrary, the Purchaser may mortgage the                 
               property to pay off the purchase price, with the con-                  
               sent of Seller.                                                        
                  *       *       *       *       *       *       *                   
                    20.  Construction.   This agreement shall be                      
               interpreted under the laws of the Commonwealth of                      
               Virginia and shall not be construed against either                     
               party as drafter.                                                      
          As made clear in paragraph 4 of the 1993 global agreement, the              
          term “present indebtedness” referred to in paragraph 3 of the               




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