Howard J. Kaplan and Brenda L. Kaplan, et al. - Page 9

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                              (4) Workers’ compensation insurance,                    
                         with limits not less than those required by                  
                         law.                                                         
                         (b) Hazard Insurance.  At all times during                   
                    the Term hereof, Lessee shall, at its own cost and                
                    expense, keep:                                                    
                              (1) The Demised Premises insured                        
                         against loss or damage by fire, lightning,                   
                         windstorm, hail, explosion, riot, damage from                
                         aircraft, smoke damage, sprinkler leakage                    
                         damage, war damage (when available) and such                 
                         other insurance risks, casualties and hazards                
                         as are insured against by owners of compara-                 
                         ble premises in an amount equal to one hun-                  
                         dred percent (100%) of the replacement cost                  
                         thereof (the initial replacement cost shall                  
                         be $120,000.00), said replacement cost to be                 
                         determined, on Lessor’s request not more                     
                         frequently than at annual intervals, by one                  
                         or more of the insurers, or by an architect,                 
                         contractor, appraiser or appraisal company                   
                         selected by Lessee. * * *                                    
                              (2) In addition, Lessee shall, at its                   
                         own cost and expense, keep the net rental                    
                         value of the Demised Premises insured against                
                         loss or damage by fire, lightning, windstorm,                
                         hail, explosion, riot, damage from aircraft,                 
                         smoke damage, and such other insurance risks,                
                         casualties and hazards as are insured against                
                         by owners of comparable premises, in the                     
                         amount of $22,000.00.  The Lessor reserves                   
                         the right, upon notice to the Lessee, to                     
                         adjust the coverage amount.                                  
                    All insurance to be furnished by Lessee under this                
                    paragraph shall be by policies which shall provide                
                    that the loss, if any, shall be payable to Lessee.                
                    All such insurance proceeds received by Lessee                    
                    (other than rent insurance proceeds, for which                    
                    provision is made in Paragraph 12(b)(2) hereof)                   
                    shall be available for application to the cost of                 
                    demolition, restoration, repair, replacement and                  
                    rebuilding of the damage which occasioned the                     
                    payment of such proceeds.                                         






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