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interference on the part of LESSEE. <br />No hangar constructed on the leased premises governed by this Lease shall be used as a <br />residence or for residential purposes. However, such items as a sink, bathroom, or associated <br />facility to allow temporary overnight stay or perhaps occasional social uses of a portion of the <br />hangar will be permitted upon review and approval by LESSOR of these additional improvements <br />and upon receipt of building permit. <br />32. That LESSEE shall during the term hereof maintain at LESSEE's sole cost and <br />expense an insurance policy relating to the leased premises and improvements as follows: (1) <br />Insurance against loss or damage to improvements by fire, lightning, vandalism or mischief and <br />other risks from time to time included under a property casualty policy or policies in an amount not <br />less than the full replacement value of the hangar and all other improvements associated with the <br />specific hangar and hangar facilities; and (2) Hangar keeper's liability insurance providing for <br />coverage in the following limits: $200,000.00 per aircraft and $400,000.00 per occurrence on <br />property damage to aircraft in the care, custody, or control of LESSEE if the LESSEE does not <br />own all the aircraft stored in LESSEE's hangar. The City of Paris and its officers and employees <br />shall be listed on the policies as Additional Insured. Proof of insurance, in the form of a signed <br />Accord Insurance Certificate or copy of the insurance policy shall be furnished on or before the <br />effective date of this lease and on or before each anniversary thereafter to LESSOR. <br />33. That LESSEE agrees to obtain and maintain construction liability insurance <br />("Builder's Risk" policy) at all times when demolition, excavation, or construction work is in <br />progress on the leased premises. This insurance shall be carried by insurance companies licensed <br />and authorized to transact business in the State of Texas, selected by LESSEE and approved by <br />LESSOR, and the cost for said insurance shall be the sole expense and cost of LESSEE. This <br />insurance policy shall have limits of not less than $250,000.00 per occurrence and $500,000.00 <br />aggregate for property damage and personal injury and shall protect both LESSOR and LESSEE <br />against loss or liability during construction of the improvements to the Leased Premises. The <br />City of Paris, its elected officials, officers and employees shall be named as an additional insured <br />on the Builder's Risk Policy. <br />34. That LESSEE agrees to indemnify, save, keep and hold harmless LESSOR, its <br />elected officials, officers and employees from and against any and all demands, debts, <br />liabilities, suits, claims and causes of action of every kind and character whatsoever for <br />Han¢ar Lease Aereement - page 12 <br />