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or destruction of, the Leased Property or any portion thereof, including the buildings and other
<br />improvements situated thereon, resulting from fire, explosion and .other perils included in
<br />standard extended coverage insurance, whether caused by the negligence of any of said persons
<br />or otherwise. Likewise, Tenant hereby waives and releases all claims, liabilities and causes of
<br />action against Landlord and its agents, servants and employees for loss or damage to, or
<br />destruction of, any of the improvements, fixtures, equipment, supplies, merchandise and other
<br />Leased Property, whether that of Tenant or of others, upon or about the Leased Property
<br />resulting from fire, explosion or the other perils included in standard extended coverage
<br />insurance, whether caused by the negligence of any of said persons or otherwise, The waiver
<br />shall remain in force whether or not Tenant's insurer shall consent thereto, . ..
<br />d. Tenant Payment. In the event that the use of the Leased Property by Tenant
<br />increases the premium rate for insurance carried by Landlord, Tenant shall pay Landlord, upon
<br />demand, the amount of such premium increase, If, tenant installs any electrical equipment that
<br />overloads the power lines to the building or its wiring, Tenant shall, at its own expense, make
<br />whatever changes are necessary to comply with the requirements of the insurance underwriter,
<br />insurance rating bureau and governmental authorities having jurisdiction,
<br />16. INSURANCE:
<br />Tenant agrees to purchase, in advance, and to carry in full force and effect general liability
<br />insurance, providing coverage on an "oecurrenee" rather than a "claims made" basis, which
<br />policy shall include coverage for Bodily Injury, Property Damage, personal injury, Contractual
<br />''Liability (applying to this Lease) and Independent Contractors, in current Insurance Services
<br />Office form or other form which provides coverage at least as broad, Tenant shall maintain a
<br />combined policy limit of at least $1,000,000,00 applying to Bodily Injury, Property Damage and
<br />Personal Injury, which limit may be satisfied by Tenant's basic policy, or by the basic .policy in
<br />combination with umbrella excess policies. so long as coverage is at least as broad as that
<br />required herein. Such liability, umbrella and/or excess polioies may be subject to aggregate limits
<br />so long as the aggregate limits have, not at any pertinent time been reduced to less than the policy
<br />limited stated above, andprovided further that any umbrella or exoess policy provides coverage
<br />from the point that such aggregate limits in the basic policy become reduced or exhausted, The
<br />Tenant shall provide an insurance certificate naming the City of Ramsey as -an additional insured,
<br />Landlord shall receive written notice of insurance termination 30 days prior to cancellation,
<br />If the above insurance policy ceases to be available, or is available on terms so unacceptable that
<br />prudent landlords or tenants, as the case maybe, generally do not carry such insurance, then in
<br />lieu of such insurance the pertinent party may carry the most comparable insurance which is
<br />available and generally carried by prudent parties.
<br />17A, DEFAULT:
<br />17,1 Any one of the following events shall constitute an event of Default:
<br />(i) Tenant shall fail to pay monthly installment of Base Rent and such default
<br />shall continue for a period of five (5) days after the due date therefor;
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