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which Tenant might be put in removing Tenant's merchandise, furniture, fixtures, leasehold <br />improvements and equipment. However, Tenant shall have no claim against Landlord or make <br />any claim with the condemning authority of the loss of its leasehold estate, any unexpired term <br />of loss of any possible renewal or extension of said lease or loss of any possible value of said <br />lease, any unexpired term, renewal or extension of said Lease. <br />14. DAMAGE OR DESTRUCTION: <br />In the event of any damage or destruction to the Property by fire or other cause during the term <br />hereof, the following provisions shall apply: <br />a. Significant Damages. If the Property is damaged by fire or any other cause to <br />such extent that the cost of restoration, as reasonably estimated by Landlord, will equal or exceed <br />ten percent (1O%) of the replacement value of the Property (exclusive of foundations) just prior <br />to the occurrence of the damage, then Landlord or Tenant may, no later than the sixtieth (60th) <br />day following the damage, give the other party written notice of their election to terminate this <br />Lease. <br />a. Date of Termination. If the event Landlord or Tenant elects to terminate this <br />Lease, it shall be deemed to terminate on the date of the receipt of the notice of election and all <br />rentals shall be paid up to that date. Tenant shall have no claim against landlord for the value of <br />any unexpired term of this Lease. <br />Notwithstanding anything contained in this paragraph 15 to the contrary, Landlord shall only be <br />obligated to restore the Property to the extent of the insurance proceeds actually received, but if <br />the insurance proceeds actually received do not permit Landlord to restore the Property, <br />Landlord shall so notify Tenant and either Landlord or Tenant may terminate this Lease by <br />written notice given within 60 days after Landlord's notice. If Landlord restores the Property in <br />accordance with the provisions of this Section, then Tenant shall not have any right to terminate <br />this Lease because of such damage pursuant to (i) any common law rights, (ii) Minnesota <br />Statutes §504.131 as now in effect or as it may be hereafter amended or supplemented, or (iii) <br />any comparable right established b a similar statute. <br />15. CASUALTY INSURANCE: <br />a. Landlord to Maintain. Landlord shall at all times during the term of this Lease, <br />at its expense, maintain a policy or policies of insurance with premiums paid in advance issued <br />by an insurance company licensed to do business in the State of Minnesota insuring the Property <br />against loss or damage by fire, explosion or other insurable hazards and contingencies for the full <br />insurance value, provided that Landlord shall not be obligated to insure any furniture, equipment, <br />machinery, goods or supplies not covered by this Lease which Tenant may bring upon the <br />Property or any additional improvements which Tenant may construct or install on the Property. <br />b. Tenant to Maintain. Tenant shall at all times during the term of this Lease, at its <br />expense, maintain a policy or policies of insurance with premiums paid in advance issued by an <br />insurance company licensed to do business in the State of Minnesota insuring the Property <br />against loss or damage by fire, expulsion or other insurable hazards and contingencies for the full <br />insurable value of Tenant's improvements to the Property and Tenant's personal property. <br />9 <br />