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<br /> (b) Property damage insurance in the amount of $300,000,
<br /> A certificate or certificates evidencing the maintenance of
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<br /> the required insurance shall be deposited with the City Clerk
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<br /> prior to any ube of the subject premises by Permittoe. Each 1 ...
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<br /> A certificate shall bear the following endorsements'
<br /> (1) Endorsement precluding cancellation or reduction
<br /> in coverage before the expiration of 30 days
<br /> after City shall have received any notification
<br /> thereof from the insurance carrier.
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<br /> (2) Endorsement naming the City of Redwood City, the „.
<br /> Councilmen, and all officers, agents and employees ,
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<br /> 40 R thereof, as additional insureds.
<br /> (3) standard cross liability endorsement, 1
<br /> 10, In the event that Permittee abandons or fails to use :4,“
<br /> the subject promisec for a period of one year, or shall fail ox
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<br /> . .. neglect or refuse to comply with any of the conditions herein
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<br /> contained, or In the event that this permission shall be revoked,
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<br /> then all rights of the PermiLtee hereunder shall forthwith cease
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<br /> and determine,
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<br /> 11, The terms and conditions hereof shall be binding upon
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<br /> and for benefit of the heirs, assiehn, an successors in interest
<br /> of Permittee, and said terms and conditions shall run with, and
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<br /> be an equitable servitude upon, the above described re-)1 property
<br /> of Permittne.
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<br /> 12, Thin permit shall not be effective until fully executed
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<br /> -.-1 and recorded.
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<br /> 0 r A Dated; _ )ke:..,, /7 , 1978. 1
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<br /> CITY OF REDWOOD CITY, a
<br /> munieip.1 corporat on
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