Laserfiche WebLink
(Page 57 of 61) <br />867619881 <br />exterior facade and to otherwise maintain the Building in good <br />repair. Nothing contained herein shall be deemed to require or <br />in otherwise make Grantee liable to contribute any money or ces to the that ithe Buildingain notnnowo in t good Building. It should be noted <br />insurance5withrlicensed at insurance expense carriers n against shall such risks <br />an <br />and in such amounts as is reasonable, including, without <br />limitations, property insurance on an "all risks" basis and <br />public liability insurance in an amount of not less than <br />$500,000. Upon request by Grantee, Grantor shall promptly <br />deliver to Grantee certificates of insurance fo'r each polic <br />required hereunder. All such policies shall contain a provision <br />that, notwithstanding any contrary agreement between Grantor and <br />the insurance company, such policies shall not be cancelled, <br />allowed to lapse without renewal, surrendered, or mater3.ally <br />reduced in scope of limits of coverage without at least thirty <br />(30) days prior written notice to Grantee. All such policies of <br />insurance required hereunder shall contain a standard waiver of <br />subrogation endorsement. Grantee shall be entitled to share <br />reasonably in any insurance proceeds paid to Grantor am a result <br />of the total destruction of the Building or damage to the <br />exterior which Grantee determines cannot be repaired <br />sufficiently to preserve the intent of hte Easement. In such <br />event, Grantee shall be entitled to be involved in any <br />discussions with insurer(s) concerning all claims made. In the <br />event Grantor and Grantee cannot agree between them as to the <br />division of insurance proceeds, each party agrees to submit the <br />issue to binding arbitration in the Superior Court of the County <br />of Orange. <br />6. If the Building or any part thereof shall be <br />damaged or destroyed, Grantor shall give prompt written notice <br />to Grantee of such damage or destruction and any emergency work <br />completed or contemplated by Grantor, As loan as possible after <br />the date of such damage or destruction, Grantor shall <br />written report prepared by a qualified restorawhtion archisubmitectt a <br />acceptable to both the grantor and Grantee, ich report shall <br />include the following information: <br />A. An assessment of the nature of the damage. <br />B. A determination of the feasibility of the <br />restoration of existing fabric or reconstruction of destroyed <br />fabric. <br />C. An estimate of such restoration and reconstruction <br />??....Y NAIpgAL NOIAAV 4$S I,pN. Mr v-- R" . PO <br />'A'?W Nom. LA YI]61 <br />Doo=ent:198600619881 Page:3 of 7 <br />65A-64