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Property at the sole cost of the Tenant, within 10 days of the Landlord's original notice outlined <br />p <br />in Section 15, Paragraph A. The Landlord shall retain full discretion to reject or accept the <br />Tenant's proposal to repair Significant Damages. <br />16. CASUALTY INSURANCE: <br />a. Landlord and Tenant Obligations. Landlord shall at all times during the term of <br />this Lease, at its expense, maintain a policy or policies of insurance with premiums paid in advance <br />issued by an insurance company licensed to do business in the State of Minnesota insuring the <br />Leased Property against loss or damage by fire, explosion or other insurable hazards and <br />contingencies for the full insurance value, provided that Landlord shall not be obligated to insure <br />any furniture, equipment, machinery, goods or supplies not covered by this Lease which Tenant <br />may bring upon the Leased Property or any additional improvements which Tenant may construct <br />or install on the Leased Property. 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 its property of <br />whatever nature against loss or damage by fire, expulsion or other insurable hazards and <br />contingencies for the full insurable value of said Tenant's property, including Tenants <br />improvements to the Leased Property and Tenant's personal Property. <br />b. Tenant Restriction. Tenant shall not cant' any stock of goods or do anything in <br />or about the Leased Property which will in any way impair or invalidate the obligation of the <br />insurer under any policy of insurance required by this Lease. <br />c. Waiver of Liability. Landlord hereby waives and releases all claims, liabilities <br />and causes of action against Tenant and its agents, servants and employees for loss or damage to, <br />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 standard <br />extended coverage insurance, whether caused by the negligence of any of said persons or <br />otherwise. Likewise, Tenant hereby waives and releases all claims, liabilities and causes of action <br />against Landlord and its agents, servants and employees for loss or damage to, or destruction of, <br />anyof the improvements, fixtures, equipment, supplies, merchandise and other Leased Property, <br />whether that of Tenant or of others, upon or about the Leased Property resulting from fire, <br />explosion or the other perils included in standard extended coverage insurance, whether caused by <br />the negligence of any of said persons or otherwise. The waiver shall remain in force whether or <br />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 />8 <br />