j. Contract approval
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j. Contract approval
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4 <br /> <br />performed all of the terms and covenants and conditions of this Lease, and shall not be in <br />default under the terms of any such mortgage or mortgages as aforesaid. Tenant hereby <br />irrevocably appoints the Landlord as attorney-in- fact for the Tenant with full power and <br />authority to execute and deliver in the name of the Tenant any such instruments or certificates, if <br />Tenant fails to so execute and deliver such instruments or certificates within ten (10) days of <br />Landlord's request. <br /> <br />17. WAIVER: Acceptance of delinquent rent, or prior waiver of any of Landlord's <br />rights to prompt payment or damages in event of subsequent default or breach of Tenant shall not <br />otherwise modify any of the other terms of this Lease nor modify any of the Landlord remedies <br />under this Lease. <br /> <br />18. HOLDING OVER: In the event Tenant remains in possession of the Premises at the <br />termination of this Lease, and without the execution of a new lease, the Tenant shall be deemed a <br />tenant from month to month at a rental rate equal to the initial term, subject to all terms of this <br />Lease applicable to a month-to-month tenancy. <br /> <br />19. INSURANCE: <br /> <br />a. All Risk Coverage (Landlord). Landlord will procure and maintain all risk <br />coverage as from time to time is included in standard extended coverage <br />endorsements and special broad form coverages insuring the structure in <br />question. <br /> <br />b. Public Liability Insurance (Tenant}. Tenant shall keep in full force and <br />effect, at its expense, a policy or policies of public liability insurance with <br />respect to the Premises and the business of Tenant and any approved <br />subtenant, licensee, or concessionaire, with companies licensed to do <br />business in Minnesota, and approved by Landlord, in which both Tenant <br />and Landlord and any person, firm or corporation designated by Landlord, <br />shall be adequately covered as insureds with reasonable limits of liability <br />not less than $1,000,000.00 combined single limit personal injury and <br />property damage coverage per occurrence. Tenant shall furnish Landlord with <br />certificates or other evidence acceptable to Landlord that such insurance is in <br />effect which evidence shall state that Landlord shall be notified in writing <br />thirty (30) days prior to cancellation. <br /> <br />c. All Risk Coverage (Tenant). Tenant agrees to carry all risk insurance from <br />time-to- time is included in standard extended coverage endorsements, <br />insuring Tenant's stock in trade, trade fixtures, furniture, furnishings, special <br />equipment, floor and wall coverings, and all other items of personal property <br />of Tenant located on or within the Premises, such coverage to be in an amount <br />equal to at least full replacement costs thereof. Prior to the commencement <br />date of this Lease, Tenant shall furnish Landlord with a certificate evidencing <br />such coverage. <br />
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