Orange County NC Website
9 <br /> 10. Insurance. Landlord shall provide Fire and Extended coverage insurance to the <br /> Premises. Contents will be insured by County or the agency to which contents belong. County shall <br /> also insure any improvements and betterments made by it to the Premises to the insurable value <br /> thereof. Unless the parties hereto then agree otherwise, the proceeds collected upon all such <br /> policies of insurance-shall be.used to repair and/or replace the Premises, improvements or <br /> betterments so damaged or destroyed, and such repairs or replacements shall be prosecuted <br /> promptly by both landlord and County with such insurance funds; and in the event such funds are <br /> not adequate, then the deficiency shall be made up by Landlord as to the premises as leased. <br /> In the event of the total destruction of the Premises by fire or other casualty, this lease shall <br /> terminate as of the date of such destruction, unless Landlord and County mutually agree to have the <br /> premises restored, during which restoration period County shall be excused from the rental payment. <br /> In the event of partial destruction of the Premises, rendering them unsuitable for County's <br /> business, the parties shall repair and restore the Premises as quickly as practical and during such <br /> period of repair and restoration there shall be an abatement to County of the rental amount <br /> proportionate to the portion of the floor area of the Premises rendered unsuitable for County's <br /> business. <br /> County shall maintain insurance, at it's sole expense, against claims for personal injury or <br /> property damage under a policy of general public liability insurance, with limits of no less than <br /> $1,000,000 for bodily injury and$100,000 for property damage. Such policies will name the Landlord <br /> as additional named insured under the policy and a certificate verifying coverage shall be issued to <br /> the Landlord within 10 days of execution of this lease. Certificate shall indicate that the policy will <br /> not be canceled without a minimum of 30 days prior written notice to Landlord. <br /> 11. Indemnity: County agrees to indemnify and save harmless to the extent permitted by <br /> the law and to the extent provided of by policies of insurance maintained by County, Landlord against <br /> and from any and all claims by or on behalf of any person, firm or corporation arising by reason of <br /> injury to person or damage to property occurring in the Premises occasioned in whole or in part by <br /> any act or omission on the part of County or an employee, agent, visitor, assign or undertenant of <br /> County or by reason of any unlawful use of the Premises or any breach, violation or nonperformance <br /> of any covenant in this lease on the part of Landlord to be observed or performed, and also for any <br /> matter or thing growing out of the occupancy or use of the Premises by County. <br />