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accordance with all valid requirements of Municipal or other <br />Governmental authorities. All permanent structural improvements <br />shall belong to the Landlord and shall become a part of the <br />premises upon termination or expiration of this Lease. If Tenant <br />is not in default hereunder, Tenant shall have the right to remove <br />all or any part of the Tenant's equipment, fixtures, or signs from <br />the Demised Premises at any time, provided Tenant shall repair or <br />reimburse Landlord for the cost of reDairing any damage to the <br />Demised Premises resulting from the installation or removal of such <br />items. Landlord shall have the right to approve all signs <br />installed by Tenant. <br /> <br /> 7. Liability Insurance. Tenant shall carry, at its expense, <br />public liability insurance on the Demised Premises, with a <br />contractual liability endorsement in favor of the Landlord on the <br />policy, with a company qualified to transact business in North <br />Carolina, stipulating limits of liability of not less than One <br />Million Dollars ($1,000,000.00) for an accident affecting any one <br />person; not less than One Million Dollars ($1,000,000.00) for an <br />accident affecting more than one person; and One Million Dollars <br />($1,000,000.00) property damage. <br /> <br /> 8. Fire Insurance. Tenant may carry fire and extended <br />coverage insurance on the contents of the Demised Premises as <br />Tenant deems necessary. In the event the Demised Premises shall be <br />destroyed or damaged by fire, or other casualty, less than fifty <br />percent (50%) in value, then Landlord shall promptly rebuild or <br />restore such premises. In the event the Demised Premises shall be <br />totally destroyed or damaged to the extent of fifty percent (50%) <br /> <br />3 <br /> <br /> <br />