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<br />"~~{~~~;f~e~~~~i~"~~"~t:rep~~t:~t~:~f~rbuildmg. abqve the':.
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<br />. .' -;;fi.:fouridition'walls'""At any tiriie~'whi1eTenant's net worth shall exceed One'
<br />::_~t~~1~}~~~~~~":~;~?";~rHundred Million Dollars ($1 OO,OOO,OOO.OO)~ Tenant may elect to self-insure its
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<br />.:.:L~cU9rd:~d m9rtgagee.ifanY, shallbe filI:nisti~cenificates from the insuring. .
<br />S9,ID~~i~~~~~~iF~~~~~~..~r~~h:~li~~2;~:EJ:~ ,-of ~~~:-J'~~. ~;:~'>'.."-
<br />~~r~bY:~:aut1io~~d- to 'adJu.sF;t9~~I~~:.a~d'~~~f~roofthereof m the name or- C/:" ' .
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<br />:~,,'shalL -' at its expense, promptly and with due' diligence, either (a) repair, rebuild
<br />..' .. -'and restore the same as nearly. as practicable to the condition e.xisting just prior
<br />..~.~Sf;c{:.t.: " to such damage or destruction or (b) repair, rebuild aIld restore the same for
<br />;:_'/:":':;:~;~;;~:,~~,:~ . the-.saineuseand purposes_bu~ maccordance witli such plans and specifications"
<br />;~~~~~~~~~{,~:\;':.~,as:aie.~en g~J~~rally ~ uSel>):Tenaniforthe_c~~ctioIt ofKmart and related. ,
<br />;~:j~~1!';;~':.::stIuctures/provided. hOYleyer~:the. repairecL.rebuilt or replaced building Will 7-
<br />,~E'j~~~~rJhave:avalue notless than itS value just prior'la'Said loss:'AnVthingiherein to ;, ,
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<br />;~~GG;~~~~),:,~.th~contiary notwithstanding. it is understood and agr~..d that if (a) as a result
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<br />.;~:,o~~:;jt~i:~:~.;;ofany such'damage or. destruction during the'laSt two years of the lease term,
<br />~":~:,;:~>~,q::~;~~i:~~{:;~Tenant'sfi.'{tures, equipment' or otherpropert)rshaII be damaged or destroyed
<br />:"::.:~ij;f{:(-::;"~;;:;:i:~"!;..:;;: in an amounrexceeding'One Hundred Thousand Dollars (S100.000.00), or (b)
<br />':;"""';:': t~ .':. if such damage or destruction shall have taken place within three years of the
<br />.,< _'. '. < .' :. ....... then scheduled expiration date of the current term of the lease and if the extent
<br />':';~~_~;{:::):"J ,~:;,',:~: of such damage or destruction is such that the cost of restoration would exceed
<br />-;~~~il\;;~~t:~it~~~~;~~2f~~fiflY?er..~~nr (~~% )~f the. anl?Untft ~ould .~~t:- cost to .~eplace the Tenant's
<br />,}Y~:':tt}':;: .,..,:,,~bwldmg on 'the' deI1lJSed prermses m Its entirety at the tune such damage or
<br />.tr~;:E:.-:,':<t:'7-!'destruction took place, then Tenant may terminate this lease as of the date of
<br />.,' '~,,~g .~:~" . ~such damage or destruction by giving written notice to Landlord within thirty
<br />: (30) days thereafter and Tenant shall have an'additional sixty (60) days. rent
<br />.',' ',' .. . free, within \vruch' to remove its property' from the demised premises. If
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<br />,..~'~~:W~i:":\;:;Tenant: is'carrying fire insurance:toone,hundred per cent (100%) of the
<br />.~;'~~~~~~:~?::;replacement. va1u~ aU the inSurance proceedS"shatIbelong to Landlord and/or
<br />"..{~{<'-~:~'~:S:i'Landlord's mortgagee as their interest may appear. in the event the property is
<br />. .' ~~::-~~:r?1::~..:t;self-insured-at the time of the loss Tenant shall reimburse Landlord and/or the
<br />",j;:;;;'?~:;'&:'.:::'-i';~in6rtgageefoi an' amount equivalent to the ins~rance proceeds that would have
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