2002-164-RES APPROVE/AUTHORIZE LEASE AGREEMENT BETWEEN LAMARY COUNTY OF CHAMBER OF COMMERCE FOR USE OF SANTA FE-FRISCO DEPOT BLDG

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of the Premises being improperly constructed, maintained, or being or becoming out of repair, LESSEE hereby waives any defects therein and agrees to hold and save LESSOR harmless from all claims for any such damages or injuries, and LESSEE must, at all times during the term of this Lease keep and maintain in full force and effect a policy or policies of insurance, providing at least $250,000.00 per person and $500,000.00 for any single occurrence for bodily injury or death and $100,000.00 for any single occurrence for injury to or destruction of property, indemnifying all persons for any and all damages, personal injuries, or property damages sustained in or upon the Premises of said leased property, or any part thereof, as the result of the negligence of LESSEE, LESSEE's invitees, agents, servants, or employees, and shall pay all premiums due thereon when due. 15. That with regard to all insurance required under this Lease, it is expressly provided that such insurance policy or policies shall and must be written and issued by a reputable insurance company or companies, with LESSOR as an additional insured, subject to approval by the City Attorney of the City of Paris, and LESSEE or LESSEE's insurance carrier or carriers shall deliver a copy of any such policies to the City Clerk of the City of Paris, 150 1st Street S.E., Paris, Texas 75460, or furnish to said City Clerk a current letter or certificate from such company or companies, evidencing the fact that such insurance is in full force and effect at all times during this Lease and any extension hereof, and specifically noting thereon that LESSOR is an additional insured. All such policies shall be written so that the LESSOR will be notified of cancellation or of any restrictive amendment of the policies at least thirty (30) days prior to the effective date of such cancellation or amendment. Notice shall be by certified mail, return receipt requested, addressed to the LESSOR at the following address: City Clerk, City of Paris, P. O. Box 9037, Paris, Texas 75461-9037. That LESSEE agrees that if LESSEE does not keep all insurance required under this Lease in full force and effect, LESSOR may declare this Lease, and all rights and interest created by it, to be terminated. 16. That in case of any damage to or destruction of leased Premises, or any part thereof, LESSEE will promptly give written notice thereof to LESSOR, generally describing the Chamber of Commerce Lease - Page 6