07-28-1982 Council Agenda - Laserfiche WebLink

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less than 30 days' written notice of any cancellation or change in the scope or amount of coverage of such policy. If Purchaser fails to comply with such requirement, Seller may, at its option, obtain such insurance with its own funds and Purchaser shall repay the same upon Seller's written demand. Purchaser shall also obtain insurance coverage satisfying the requirements of the Worker's Compensation Law of the State of Minnesota. (b) Purchaser will protect, indemnify, save harmless and defend Seller from and against any and all liabilities, claims, damages, penalty and expenses including, without limitation, reasonable attorney's fees and expenses, imposed upon or incurred by or asserted against Purchaser by reason of (1) any accident, injury to or death of persons or loss of or damage to the use of property occurring on or about the Subject Property, (ii) any use, non -use or condition of the Subject Property, or (11i) any work in connection with alterations, repairs, changes, new construction or demoli- tion of any part of the Subject Property, excepting any liabilities, claims, damages, penalty and expenses arising directly out of Seller's use and occupancy of the portion of the Subject Property subject to the sign lease between the parties hereto. 5. Maintenance and Repair. Purchaser shall at all times maintain, preserve and keep the Subject Property and all parts thereof in good condition. Purchaser shall not commit waste of the Subject Property and will not do anything or permit anything to be done that will impair the value of the Subject Property. If Purchaser does not repair or maintain the Subject Property in a manner consistent with the provisions of this Paragraph 5, Seller may cause such maintenance to be accomplished and may advance its own funds for such purpose and Purchaser shall repay the same upon the Seller's written demand. 6. Encumbrances. Purchaser shall not mortgage, pledge or otherwise encumber all or any part of the Subject Property, except as otherwise provided herein, without the prior written consent of Seller and agrees to refrain from encumbering or affecting any Lien which adversely affects the right, title and interest of Seller in and to the Subject Property. Subject to the provisions of Paragraph 3, Seller shall have the right to remove any encumbrance placed against the Subject Property or any part thereof after the date hereof and Purchaser shall repay the same upon Seller's written demand. 7. Improvements. Except as otherwise herein pro- vided, Purchaser shall not erect any buildings, install any 26