HomeMy WebLinkAbout1573 r + 4 w1 ~Nf .,M:n ~!+t
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. ~rith rea~~~ dili~eu~e, tbe Le~~ee ~a~, at it~_.cgtiaa, ca~o~c~i~
~ ~ and terminate tbis Leaa~ by notice in writio~ to the Les~or, or ,
~ the Lessee may r~air, recoastruct, restQre or replace the premiae~
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~ l~~ed by it hereunder, and :ball charge the cost thereof against at~d `
sh~?11 have the ri~ht to receive, to t~e eztcat that the e4nne may be
required to pay aucb co~tai, all mouier p4id by any iasuran~ce companiee ~
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~ on account of tbe destru~tion or da~age to th~ premiser leaeed by it
bereunder and apply the eame to the cost of makiag repaitr• s and ~
_ ~ rebuildit~ thereoi. . ~ - . ~
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. ~ . ~b) Partial Deatructio~. .If the deaaiaed premf~e~ be
~ p~x•tially dama~ed ar deetroyed by lire ar other cause, the La~sor
~ sl~ll ~vittiin t~irtY (30) tiayea atter adjwtme=rt os iAeurs?~e, at ite own
cost aad ex~enae comme~ce the repair and/or rccopstruction of the
~ ~ ~ demised premisas as soon as practicable, and in any event vrithin .
three (3) monthe oi such partial damages or destruction. The premises
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~ . ehall be placed ae nearly as poseible in tbe ,aame cai~dition ae it was
belore ae~ch partial destruc~i.on. or dam~ge. Duria~ the period ot ~aid
repairiag and recon~tru~tion atyd until the pr~rniee~ are sgain fully ~
available for. the satisiactory occupancy ot tl~e Leeaee, the T,.e?s~te ehall
pay such praportion of the rental as ie in proportion to the space occupi~d and
; .the tacilities e~ajoyed. In the eveut that the wark of repair, recanstructlon .
~ ar reatoration i~ not started ~vithit~ thirty (30) day~ aiter adjaetmeAt oi ,
, inaura~ce !ar ~uch part~al damage by fire or other aauee or in. the event
, . the work or repair, reconstruction or restoration is not ~ubstantially
completed within three monthe att~r such~partial damage by fire ;
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- ~ or other eauoe, the I~essee may, at ita vptic~n, caacel and terminate ~
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; ~ thia L~rase by notice in ~rritia~. #o the Leisor sr the Ltssee msy repsir~
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