HomeMy WebLinkAbout1510
-
1.1
4~2
rl. ~
liJ:i(
'1.11'C'f C:th1', ILl.
lIhtdl have the opt10n and privilege us follow6:
(a) To aooelera.te the mnturity of tile rent inatallmcntlJ
fOl' the balnncct40f the term. 'Il11e option 8hall be ex.ercl~ed bi' an
instrument in writing 81gned by ttw 1..68601."' or 1t~ agents, and tl'l.l.n6811tt.ed
to LeBsee!} ~ notifying them of the intention of LcB801~ to declare all
unrL!.l\ tured rent lnstallmontB 3.6 pre13€ntly due and payable.
~b) In lieu of option (a), the Le8601' may in like manner
........
deo la!'e as preaent 1y duo an.d p-e.yablc tl\l] unpaid rent 1 n8 tal1mentfJ
for Bueh n period of y~ur8 no may be fixed in the 1...eU301' I B sald notice
to the lA.l::wee. TIle exerc18!' 'of thiB option ahull not bo conotrued
aB a upl.ittlng of a C[\U8C of nction, nor shall it alter or affect
the obliga.tions of the l"oafJeo5 to pay ront. under the terms of th16
10aDe for tho period unaffected by aaid notice.
(c) In addition to tho optlon8 heroin granted (aub-
<",,",""paragraphs (n) and (b) above), the LeaBOI' may exorcise any or all
--"
other options available t.o it. hereunder, which options may be oxer'-
olBed oonourrently 01' separately with the exercise 01' optlona (a)
or (b) of thls paragraph,
11, NO LIENS CREATED BY LESSEt..t) I 'l116 Lessees covenant
and agree that they have no powor to incur any indebtedness givirlg a
right to a lion of any kind 01' oharaoter upon the right, tl1,;le and
1ntercot of the I.easol' in and to th6 property oovered by thls Lease,
and that no parfJOn ahall ever be entitled to any lien, directly or
indireotly I dari ved through or \.Inde!' the ~IHs6e6 or the 11' a.gente,
or servanto, or on aocount of any act or om19u1on of said Les8f$eO,
whioh lien oha.l1 be aupel~loI' to the l1en of this 108.06 rel3crved
to the 1J6B80r upon the lea6ed pre!niaofl. All peraonn oontracting
with Bald I...eSS605, or furniahir.g mate1"lals or labor to Baid 1~tl'''Je8J
or their agentD or aorvantu, aD well as all persona whomaouver,
af1tA.ll he bound by thin provl510n of this Lease, Should any suoh lien
be filed, the L6a6688 &hall dlacr>..a.rge the IllUne w1 th1n Thirty (30)
~ thereafter, by paying the e~ or by filing a Bond, or othf!I'-
~lee.. a.n perm1 t tfld by law. ',fila lAS849tH" shall not be otle-med to b~
....
-4-
..