Howard J. Kaplan and Brenda L. Kaplan, et al. - Page 10

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                         (c) Indemnity Insurance.  At all times dur-                  
                    ing the Term hereof, Lessee shall, at its own cost                
                    and expense, provide and keep in force a policy or                
                    policies of insurance insuring Lessee against all                 
                    liability of Lessee under Paragraph 13, which such                
                    policy or policies shall provide for the payment                  
                    of any proceeds thereof to Lessor or Lessee as                    
                    their interests may appear.                                       
                  *       *       *       *       *       *       *                   
                    14. Fire and other Casualty.  If any Improvement                  
               or Tangible shall be damaged or destroyed by fire or                   
               other casualty, then, irrespective of the cause, Lessee                
               shall give prompt written notice thereof to Lessor, and                
               shall proceed * * * to restore, repair, replace and                    
               rebuild such Improvements or Tangibles at Lessee’s own                 
               cost and expense.  Such rebuilding or restoration shall                
               be in accordance with plans and specifications submit-                 
               ted by Lessee to Lessor and subject to Lessor’s reason-                
               able approval and shall further be carried out by duly                 
               licensed contractors acceptable to Lessor. * * *                       
                    Rent shall not abate hereunder by reason of any                   
               damage to or destruction of the Demised Premises, and                  
               Lessee shall continue to perform and fulfill all of its                
               obligations, covenants and agreements hereunder not-                   
               withstanding any such damage or destruction.  The                      
               foregoing notwithstanding, the obligation to continue                  
               Rent payments shall be subject to the availability to                  
               Lessee of loss of rents or business interruption insur-                
               ance.  Any loss of rent insurance proceeds received by                 
               Lessee by reason of such damage or destruction shall be                
               applied by Lessee to the payment of Rent payable by                    
               Lessee under Paragraph 3 hereof, Impositions payable by                
               Lessee under Paragraph 6 hereof and premiums for any                   
               insurance required to be maintained by Lessee hereun-                  
               der, but this shall not relieve Lessee of its obliga-                  
               tions to pay punctually all such Rent, debt service,                   
               Impositions and insurance premiums in the event rent                   
               insurance proceeds received by Lessee are insufficient                 
               to pay the same or for any reason such rent insurance                  
               proceeds are not actually applied  by Lessee to the                    
               payment of such amounts.  If and when Lessee shall                     
               complete all demolition, restoration, repair, replace-                 
               ment and rebuilding which Lessee is required to carry                  
               out under this paragraph, then any balance of insurance                
               proceeds then held by Lessee shall be retained by                      





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