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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 on the <br /> Premises against loss thereto from or damaged by vandalism , fire <br /> and flood , with the deductible amount 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 for injuries to or death of any <br /> person or damage to or loss of property arising out of or in any <br /> way relating to the condition of the Premises or any portion <br /> thereof , 4 in the minimum amount of a combined single limit of $ 1 <br /> million fer 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 provided in Paragraph 7 , relating 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 business in the <br /> State of North Carolina selected by Tenant . All policies <br /> e�tdencng such insurance sha ll provide - for payment to Tenant- - and <br /> Landlord as their respective interests may appear . A certificate <br /> or certificates 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 /> insurance* coverage required by this Lease or shall fail to keep <br /> the Premises in as reasonably safe condition as its operating <br /> condition will permit , or 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 /> take out the required policies of insurance and pay the premiums <br /> or make the required repairs , renewals and replacements . All <br /> amounts so advanced therefore by Landlord shall become 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 /> 9 <br />