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A TRUE COPY <br />CERTIFICATION ON LAST PAGE <br />J.R. SMITH, CLERK <br />2) LESSEE's Restoration shall be made in accordance with the procedures set forth above <br />for LESSEE's initial construction (including but not limited to LESSOR's review and <br />approval of plans); and <br />3) In the event of a casualty resulting in a loss payment for the improvements in an <br />amount greater than One -Hundred Thousand and No/100 Dollars ($100,000.00) as <br />adjusted by the change in the Rent from the commencement date of the date of the <br />casualty, the proceeds of all insurance policies maintained by LESSEE attributable to <br />the replacement of the improvements, but not LESSEE's personal property, shall be <br />deposited in LESSOR and LESSEE's joint names in an escrow account at a bank or <br />other financial institution designated by LESSOR, and shall be used by LESSEE for <br />the repair, reconstruction, or restoration of the improvements. Such proceeds shall be <br />disbursed periodically upon certification of the architect or engineer having <br />supervision of the work that such amounts are the amounts paid or payable for the <br />repair, reconstruction, or restoration. LESSEE shall obtain, and make available for <br />LESSOR receipted bills and, upon completion of said work, full and final waivers of <br />lien. <br />4) In the event of a casualty resulting in a loss payment for the improvements in an <br />amount equal to or less than the amount stated above, the proceeds shall be paid to <br />LESSEE, and shall be applied towards repair, reconstruction, and restoration. In the <br />event the insurance company monitors the repair, reconstruction, or restoration of the <br />improvements, the parties acknowledge that the proceeds may not be disbursed in <br />advance of invoices from contractors, and therefore, not paid in advance, in order to <br />escrow the proceeds. In the event the proceeds are not escrowed in advance of <br />Page 21 of 41 <br />