7.2 SR 10-05-2020 - Laserfiche WebLink

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mechanic's liens against the demised premises. Notwithstanding the previous sentence however, in the event any such lien shall be so placed on Lessor's interest, Lessee shall take all steps necessary to see that the same is removed within thirty (30) days of its being filed; provided however, that Lessee may contest any such lien provided Lessee first post a surety bond, in favor of and insuring Lessor, in an amount equal to 125% of the amount of any such lien. 10. INSURANCE. Lessee agrees to procure and maintain, at its expense, public liability insurance with respect to the Lessee's use and occupancy of the premises, in an amount of no less than One Million ($1,000,000.00) Dollars. Lessee also agrees to procure and maintain at its expense, property damage legal liability coverage in an amount of no less than One Million ($1,000,000.00) Dollars. Each policy procured by Lessee shall name Lessor as an additional insured and shall provide that no policy may be cancelled without thirty (30) days written notice to the parties. Lessee shall furnish Lessor with certificates evidencing the insurance coverages within thirty (30) days from the date hereof, and thereafter, on the anniversary date of this lease. 11. FIRE OR OTHER CASUALTY. If fire or other casualty shall render the premises untenantable, this lease shall terminate forthwith, and any prepayments of rent shall be refunded by Lessor pro rata; provided, however, that if the premises can be repaired within ninety (90) days from the date of such event, then, by agreement of the parties, this lease shall remain in full force and effect, but the rent for the period during which the premises are untenantable shall be abated pro rata. 12. WAIVER OF SUBROGATION. Lessor and Lessee hereby mutually waive as against each other any claim or cause of action for any loss, cost, damage, or expense as a result of the occurrence of perils covered by the Minnesota Standard Fire Insurance Policy and extended coverage endorsements. 13. LESSEE'S COVENANTS. Lessee covenants and agrees that during the term of this lease and for such further term as Lessee, or any person claiming under it, shall hold the demised premises or any part thereof: A. To pay the rent on the days and in the manner aforesaid; B. To comply with all city ordinances and state laws regulating the use of these premises for the purposes stated herein; C. Not to cause the estate of Lessor in the demised premises at any time during the said term to become subject to any lien charge or encumbrance whatsoever, it being agreed the Lessee shall have no authority, express or implied to create a lien, charge or encumbrance upon the estate of