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LESSEE shall continuously maintain and pay the premiums upon a policy <br />of fire insurance and extended coverage insurance to the fill insurable value of <br />the improvements. <br />(a) If, at any time during the term of this lease, or an extension hereof, the <br />building situated on the demised premises is destroyed or damaged to the <br />extent of seventy -five percent (75 %) of its value by fire, windstorm, or <br />other occurrence not due to natural wear and tear, either party shall have <br />the right by giving written notice to the other party of its intention to <br />terminate this lease and any renewal of it, such notice to be given within <br />ten (10) days after such damage occurs, and thereupon the rights of the <br />parties hereto shall be the same as if the period of the lease had expired <br />upon the date of the giving of such notice, provided that the right of <br />LESSEE to so terminate shall be contingent upon the occurrence not being <br />due to the negligence of or intentional act or omission of LESSEE. In the <br />event of any destruction or damage to the building from any such cause at <br />any time during the term of this lease or any renewal of it, LESSOR shall, <br />unless LESSOR or LESSEE shall elect to surrender and terminate this <br />lease or any renewal thereof as hereinabove provided, promptly rebuild <br />and restore the building to its original conditions by using the proceeds of <br />the insurance policies insuring the value of the building as opposed to its <br />contents, provided that the obligation and liability of LESSOR to rebuild <br />the building shall be limited to the use of the proceeds of the insurance <br />policies insuring the value of the building and LESSOR shall not be <br />obligated to use any monies from any other source. <br />(b) There shall be no liability upon LESSEE, its successors or assigns, for any <br />rent payable under the terms of this Agreement so long as LESSEE shall <br />be unable to occupy and use said building for the operation of its business <br />by reason of any destruction or damage to the building or other <br />improvements upon the premises not due to the negligent act or omission <br />of LESSEE. If, after such destruction or damage, and before the <br />completion of such repairs and restoration of such building. LESSEE <br />Attachment number 2 <br />G -2 Page 377 <br />