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!3 <br />remain unpaid during the period. of such contest and any appeal <br />therefrom. <br />6. Insurance Required. During the Term, Tenant shall keep <br />the Premises continuously insured against such risks as are' <br />customarily insured against by businesses of like size and type, <br />paying as the same become-.due all premiums in respect thereto, <br />including but not necessarily limited 'to {i) insurance to the <br />extent of the full insurable value, determined on October 1 of <br />each year of the .Lease Term, of any improvements located an the: <br />Premises against loss thereto from or damaged by vandalism, fire. <br />and flood, with the deductible arnaunt not exceeding $25,000, with <br />uniform standard extended coverage endorsement limited only as <br />may .be provided in the standard form of extended coverage <br />endorsement at the time in use in North Carolina, and (ii) <br />insurance against liability far injuries to or death of any <br />person ar damage to or loss of property arising out of or in any <br />way relating to the condition of the Premises ar any portion <br />thereof, in the minimum. :amount of a combined single limit of $1 <br />million far .death of or personal injury to any one person and for <br />all personal injuries and deaths resulting from any one accident <br />and for property damage, in any one: accident. Landlord, its <br />officers and employees, shall be named as additional .insureds in <br />the insurance contracts providing for liability insurance.,.. <br />In the event of a loss, the net proceeds of. the extended <br />coverage .insurance shall be received by Tenant and shall be paid <br />and. applied as prQVided in Paragraph 7, re acing to damage, <br />destruction and :condemnation. All insurance required in this <br />Lease shall be taken out and maintained in generally recognized, <br />responsible insurance companies qualified to do bu mess in the <br />State of North Carolina s.elect.ed,by Tenant: ..All policies <br />evidencing such insurance shall provide for payment to Tenant and <br />Landlord as their respective interests may appear. A certificate. <br />ar cer.tificates of the insurers that such insurance is in force <br />and effect shall be delivered to Landlord. Prior to the, <br />expiration of any such policy; Tenant shall furnish Landlord with <br />evidence satisfactory to Landlord that the policy has been <br />renewed or replaced.. The insurance herein required may be <br />contained in blanket policies now or hereafter: maintained by <br />Tenant. In the event Tenant shall ;fail to maintain the full <br />insurancercoverage required by this _Lease or shall fail to keep <br />the Premises in as reasonably safe condition as its operating <br />condition will permit, ar shall fail to keep. the structures <br />located on the Premises in good repair and good operating <br />condition, Landlord may, but shall be under no obligation to, <br />takeout the required policies of insurance and pay the premiums <br />or make the required repairs; renewals> and replacements. A11 <br />amounts a advanced therefore by Landlord s-hall became additional <br />rent, which amounts, together with interest thereon at <br />NationsBank's prime rate plus 1% per annum from the date thereof, <br />shall be paid by Tenant. upon demand by Landlord. <br />q <br />