1987 - Laserfiche WebLink

Home Browse Search

539 (1) That Lessee will, at its sole cost and expense, effect repairs to all existing buildings and structures on the leased premises, as speedily as it can finance same, so that same will be safe and suitable for the purposes for which they may be used by Lessee and will keep and maintain same in good, safe and sanitary condition. (2) That no repairs, improvements or changes in location or otherwise, will be made to any buildings, structures or other things located thereon nor will any new structures be placed on any part of the leased premises without the. prior approval of Lessor. (3) That Lessee, for the benefit of Lessor, will keep all buildings and other insurable improvements on the.leased premises insured against loss by fire, lightning and all risks included in the term "extended coverage" to the full extent of their insurable value and shall pay all premiums due thereon when due. It is expressly provided that such insurance policy or policies shall and must be written and issued by a reputable insurance company or companies, subject to approval by the City Attorney of the City of Paris, and Lessee or its insurance: carrier or carriers shall deliver a copy of any such policies to the City Clerk of the City of .Paris, 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 thereof. (4) That Lessee will pay for all lights, water, heat and /or other utilities used on the leased premises. (5) That all buildings, structures, ' additions, ,-- fixtures and improvements made upon or added to the leased premises or any part thereof shall at once become the property of Lessor, and be surrendered to Lessor at the termination of this lease.