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4.12 SR 12-16-2024
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4.12 SR 12-16-2024
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combined limit of liability of Three Million Dollars ($3,000,000). Said insurance shall also provide <br />for contractual liability coverage by endorsement. Tenant will further deposit with Landlord the <br />policy or policies of such insurance or certificates thereof, or other acceptable evidence that such <br />insurance is in effect, which evidence shall provide that Landlord shall be notified in writing thirty <br />(30) days prior to cancellation, material change, or failure to renew the insurance. Tenant further <br />covenants and agrees to indemnify and hold Landlord and Landlord's manager of the Property <br />harmless for any claim, loss, or damage, suffered by Landlord, Landlord's manager or Landlord's <br />other tenants caused by any act or omission by Tenant or Tenant's members; or Tenant's failure <br />to comply with any and all governmental laws, rules, ordinances or regulations applicable to the <br />use of the Leased Premises and its occupancy. <br />B. Tenant shall be responsible for the security and safeguarding of the Leased <br />Premises and all property kept, stored, or maintained in the Leased Premises. Tenant shall maintain <br />in force throughout the Term, insurance upon all contents of the Leased Premises, including that <br />owned by others and Tenant's equipment and any alterations, additions, fixtures, or improvements <br />in the Leased Premises acknowledged by Landlord to be the Tenant's. <br />ARTICLE 14 - NOTICES <br />All notices from Tenant to Landlord required or permitted by any provisions of this Lease <br />shall be directed to Landlord postage prepaid, certified or registered mail, at 13065 Orono <br />Parkway, Elk River, MN 55330. <br />All notices from Landlord to Tenant required or permitted by any provision of this Lease <br />shall be directed to Tenant, postage prepaid, certified or registered mail, at the Leased Premises <br />and at: <br />ARTICLE 15 - APPLICABLE LAW <br />This Lease shall be construed under the laws of the State of Minnesota. <br />IN WITNESS WHEREOF, this Lease has been duly executed by the parties hereto as of <br />the day and year indicated above. <br />LANDLORD: <br />CITY OF ELK RIVER <br />John J. Dietz, Its Mayor <br />229516v2 <br />Page 113 of 273 <br />
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