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event at las or damn~s o! au~? l~dad whste~er to aqT itsm o! equip~ne~t, la~es ~?t the opHon o~ leeaor ~ (
aball: (a) piaos ths ~uae io ~ood rep~ir~ oonditton ~nd worldn~ ordee: oe (b) repiaa~ the eams with lilce
equiPm~?eat in ~ood reai~'. ooadttbn ~wd worldt~ ordes. I~ses ~ a~i'~se~ to mdntain llrs insnranoe
~ wttb estanded. coveru~s provtsiwu to the tall ia~ar~bk v~lae o~ ths eqaiparsnt dnrln~ tbs term ~ this ~ ~
leaes or sn~ eutension hereo~~ 8~3d insuranos alull be writtea In a f~ompiun~ sstisiactor~ to leeeor. s~id ~
Coanp~uq to bs lic~eneed 3n Sb?ts in wl~ich eqaipment ~e loa?ted. snd tbe leesor shall bs therein n~med r.a
the loss payes. T6e polic~ oi insuri?nos aluU bs ~t the eols cost ~nd aspe~nss oi lessee; it sh~ll be deposited ~
~ with the kssor dnrin~ ths te~rm oi this lease sad ~hall oonbdn ~n endoreemeat tlut tbe insuranoe cover• ~
. aQe s~aU not be d~ncelbd withaut a0 dsys prtor noHce to lessoe.
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• 3on+a~dee: Upon the exptrattoo oe esrlter tarminatioe~ oi this leaee, leesee sbaU retura to lessor the equip- ;
ment in ~ood rep~ir. condiNon or worldn~ ordes, ord~aa~7 wear and tear resultia~ irom proUer nse thereoi ~
alone ezcepted, by delivering ik p~iced snd rendy !o~ ahipmeak to such ple~oe or currier as lestor may ±
apecify within ths cit~ or oount~ desi~nated in pwraSraph 3 sbove. ~ ~
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~ lA. ~azes: I~ee~see ah~ll keep the eqntpment fres and clesr u! all kvie~. liens and encumbrayc~ and ahsII psy ~
~11 Uoenee fees. segL~tration iees, saee~aments. cliarges ~nd tszes (Hunictpal. Sbte and Federal) includ• ;
iug but not Umited to ad vslo~ern ta:es. wbich m~y now or beresiter bs imposed npon ths ownerahip, ;
~ leasing. rentin~, aa1e, poese~ssion ar use o! equip~aenk Lessor shall hsvs. st its election. the rlSht to PaY -
~ any oi asid~-061i~?aiiona. ~nnd in tbst event the oost thereo! sLall be repzyable• t~ lesaor with the next
inatallment of rent and failure to repny the aame shall carry with it the aUans o~nsequencea. iACluding
interest at siz per cent (69b) per snnwa. as lailure to pay an inatsUment oi ren~
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11. Iastal4tioa: Leasee shsll psy all costs o! ioqtsllation, including dr~?yage lrom n~u+e~t tsaasportstioa `
terminal; unleas otberwlae apedlicall~y set iort~h io wrltin~ snd aiQaed by both lessee's sn~d leasor'a reprs-
- sentattve st ttms leseee signs leaee. 3uch an a~reemen~ to bs attached-to snd beoome a p~rt o! tbis agree- -
men~ Under no circumsbnoes does bssor a~ree to psy the coat o! electrjcal wtring or plumbing in con- 3
nectton with the iaat~llsHoa o! the equipment oovered by th~s a~reement. '
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1L Warrs~tks: I~essee aclcno~vledgee tLst leasor has made no repre~eatations and t~t thers are no warran- ~
ties. either ezpressed or iinplied, ezoe~pt writt~ watrenties provided by ledbor. as to an~ mstter w~?tso- '
~ eva~ iacinding, but not llaated to,, the oondition oi the equipiaent, its msrcluntability or 8taeas !or any .
psrHw4r parpo~e. -
ls. Inde~it~: I.essee shsq indemnify lessor s~tainsk snd lald lessor hsrmle~ss ic+oa~ aoy and all claims.
~?ctions. anits, p~roce~din~a. oosta. ezP~ases. dama~es and liabllities. includin~ attorasy'a iee~, arlaing out ~
oi. oonaected wlth or t+esultin~ irom t6a equiPmenk ~ncludin~ without limitstion tbs msnufactute, selec- ~
. tlon. deliveq?. Po~s~siun. a~e, oPeration, or return of the equipmenk
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14. Defaalt: If leasee with re~ard to aqy item or items oi eqnip~aent faiis to p~y aq~r rent aar other amount
! herein provlded within ten (10) ds~u site~r the ssms'is dne aad psysbls. or ii lesses wlth re~ard to aay i
~ • item or items oi equipaaent fiils to observe, lce~p ar perlorm atq othe~ provlsiOn a~ tbis leese required ~
~ to be obeaved, kept or performed by leseee. le~eor shsll have t6e rI~ht to exerciss aay one or mora of the
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iollowing remedies: ~ ' t -
(s) To decl~re ths a~tire amonnt oi rent ~reunder immedintely due and payabb as to sny or all itema i
oi eqaipmen~ withoat notios or demsnd to les~ee. ~
(b) To sue !or and reoooee aIl rents, and othe~ P~Ymenta. then aocrued or thereaiter ~?ocruing, wlth re-
~ spect to any o~ all ite~ns oi eqnipmenk ~ ~ .
(c) To tske po~seesion os aqy or sll ite~ns o~ equipment withait damaad or n~tioe. wherever sams msy -
be bcated, without ~ eourt orde~ or otber process oi lsw. I.easee bereby waives aay and all dam-
sges occasioned by sach t~kinQ oi Po~sessioa• AnY ssid tsldn~ oi po~sio~? alull not constitute s ~
, te~rmination o~ t6is lease as to sny or sll itema of equipment unless kssor espreasl~ so noti8ea les~ee ~
in wdt~
(d) To teraninate this lease aa to sny or all items oi equipmenk ~
(e) To purane any other r~aed~ at Lw ar in equity.
No~witlubadin~ aW? a~id reposae~sion. a~ ~n~r other ~ction ~vhich leasor ms~ talce lessee ahull be and re- ~
main lisbls for t6~ inll periormsnoe oi sU oblig~tlons on the p~rt oi leas~e to bs pertoraaed under this g
lease. s
All snch remedies ue cumalstive, any nuy be ea~ercised concurrently or separate~y. Waiver oi ~ny defsult ~
. ahall not waira say other detault. , ~
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16. B~nkn~ptc~: Neither this lease noe aqy interest therein is assi~nsble or transferable by ope~ation oi Lw. ;
' If sny proceeding under tLe Bankraptcy Act, as amended, is eomn~enced by or against ths kases, or i! -
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