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Home My WebLink About0188 ~ ~ , ~ ' . ~ eveat of loss or damage of u?,q ldnd whatever to itny item ai equtpment, l~esee at the option o! leeBOr ehall: (a) plao~ the same in good repair, condition sad working or~ier; or (b) replaoe the eume with like equipment in good repair. condition and working order. I.eseee furt~her agrees to maintain 8re inaurance with extended coverage pmviaione to the fuU insurablo value oi the equipment during tLe term oi thia lea$e or any extenaion hercai. Said insurance shall be wrltten in a Compat~y eatiafactory to le~aor, aaid • Company to be licensed in 8tate in which equ:pmeat ie locs~te~l, and the leeaor eliall be therein named aa tbe loss payee. The policy of insurance ehall be at tlis sole coet and ezpense a~ ~eesee; it ahmlt bs depoeited with the lesaor during the term of thie lesae and ahali oontain an endoreement that the iaeuranoe oover- sge shalt not be cs~ncelled without 80 days prior notice to leaeor. ~ s. Smrnader: Upon the ezpiration or earlIer termination a~ thia leaae, leseee eball retnrn to le~esor the equip- ment in good ='ePsii'. coadition or ~vorldng order, orclinuy wear }~nd tear reeulting from proper nse the~reot alone excepted, by deliveri~g it, packed and read,y ior ahipment, to sach place or carrler sa leesor may specify within tbe cfty or caunty designated in paragraPh S above. _ . ~ _ . . _ . ^ 10. Tues: Leeeee ahall keep t~e eqn~pment Lree and caenr oi all levies, lianasnd ~sricumb~anc~ee and ehall p~?y ull flcsnse ieea, registration iees, a~aessmenta, cli~trges and taxee (Mnnidpnl, 8tate and ~ederal) includ- ing bnt not limited to ad valorem tazes, which may no~v or h~eaiter be impased upon tLe ownerahip, l~aatng. rentinB. eale, Poesessiod or nae of equipmetit. I.eeaor sball have, st ita election, tha rl8ht to pay any of eaid obligationa, and in that event the ooat the~eo2 ehsli be rep~tysbls to lesaor aith the next inatallment of rent and failure to repay the aame ahall carry with it the same oonaequencee, including intereat at eia per cent (696) Per annum, as fxilnne to pay an in8tallment of renk 11. Installat4oa: Lese,ee ahall gay all costa oi installation, including dra3~Be tmm ne~reat t~anaportstion terminal, unless otherwise speci8cal~y aet iortb in ivrit~og and $igned by both lesaee'e and leasor's repre- esntative at time lessee signa lease. 3nch an agreement to be attached to and become a part of this agree- ment. Under no circumstancea doee leesor sgree to puy the cost ~ electrical vPiring or plnmbing in con ; nection with the inetallation of the equipment oovered by thia a,areea4ent~ ~ ~ 12. Warranties: I.esaee acknowledgee that leesor bas made ao representation$ aad tbat there are no warran- ties, either ezpreseed or implied, eacept written warrant3es provided by l~eor, aa to any matte~ whatao- ever. including, but not limited to, the condition of the equipment, fta merchantability or fltneea for any Pa~rticnla?r Pnrpose. ' ~ - 13. Ind~nity: I~essee abali indemnify leseor s~ainat, and hold 3essor haraileea fram any and all claims, actions, suita, P~Be. eiPenses, dama8es and liabilitios, inclnding sttorney's feee, arising out at, ounnected with or re~ulting irom the equipment, inclnding without limitation the manufACture, sele~- tion, delivery, posaeeaion, nae, operation, or return oi tbe equipmen~ 14. Tkiaull: Ii le~eaee with regard to any item or items o2 eqnipment iails to pay any rent oar other amount herein provided witLin ten (10) dsya atter the same ia due and psyable, or ii l~aee ~vith regard to any item or items oi equipment fa~s to observe, keep or perform any other prnvision o! this lease required to be obeerved, kept or p~rrformed by lesaee,leseor ehall have the right to e~cerciee an,y oae or more a? the fol1owing remedies: (s) To declare the entire ~?monnt o2 rent hereunder immediat~ely due and payable as to any or ali items ' o~ equipment, without notioe or demand to Ieasee. ~ (b) To sue for and reaover aII renta, and other paymenta, then accrned or ther~fter ac~uing, ~vith re. apect to any or all itema of eqnipmen~ ' (c) To take poesesaion of any or aIl items oi equipment without demand or notice, wherever eame may ~ be located, aithont.any court order or other pmceea oi law. I.essee hereby waivea uny and all dam- ages occasioned by auch talring oi pa~session. Any said taking o! possesa;on ahall not oonstitute a termination of this lesse as to any or all items of equipment unless lessor expresalp eo aotifles lesaee in ~vrit3ng. (d) To terminate thia leaee as to sny or all items o! eqnipmen~ (e) To pnraue any other remed,y at law or in eqnity. Notwithstanding an,y said repo~aession, or any other action which lesaor may take leesee ahaU be and re~. main liable for the iull periormance ot all obligatione on the part o! lesaee to be pertormed under thia leaae. All euch remediee are cumulative, any may be eaerciaed concun~ent~y or separately. Watver ai any deiault al~all not waive any other defanl~. ~ lb. BaniQnptcy: Neither thie 1ea~e nar an,y int~reet thenein ie aeeignable o~ transierable by operatton of Isw. ~ I~ any prooeeding nnder the 8anh~u~y Act, aa smended, is commenc~ed by or against the teesee, or if ~ ~ ~J~( ~.t~0 ~ # 187 _ A"i*i- .k~f:i~ s'~r ^~q'w>.Y ~ ~ . _ . . ~Y~.a _ _ - _ ~3~ ~4. ~ "v.~. ^,?:r~~ L j,~y~ ; 3 ~~-t ~ 5..~. u'-~"i',:.