HomeMy WebLinkAbout1332 ~ ~
~
d. That, except for the right to terminate contained in Paragraph 2 ~
of this lease, no right, privilege or option to cancel or terminate this
lease available to Lessee ehall be deemed to have been exercised effectively
unlesa joined in by any such mortgagee or holder of the indebtedness.
e. No liability for the payment of rental or the performance of any of
Lessee's covenants and agreementa hereunder shall attach to or be imposed
upon any mortgagee, trustee under any trust deed or holder of any indebted-
ness secured by any mortgage or trust deed upon the leasehold estate,
all such liability being hereby expressly waived by Leasor.
LESSOR'S RIGHT OF RE-ENTRY
10. If Lessee ahall fail to pay any installments of rent promptly on the day j
when the same shall become due and payable hereunder, and ahall continue in default for
a period of Thirty (30) days after written notice thereof by Leseor, or if Lessee ~hall ~
, i
fail to promptly keep and perform any other affirmative covenant of thia lease, atrictly
in accordance with the terms of this lease and shall continue in default for a period of
thirty (30) days after written notice thereof by Lessor of default and demand of perfor-
mance, then and in any such event, and ae often as any such event shall occur. Lessor
may (a) Declare the said term ended, and enter into said premises demised, or any
part thereof, either with or without process of law, and expel Leasee or any person
occupying the same in or upon said premises, using such force as may be necessary
so to do, ana so to reposaess and enjoy said premisea as in the Lessor's former
estate; or (b) Re-let the premises applying said rent from the new tenant on this le~.se,
and Lessee ahall be reaponsible for no more than the balance that may be due, should ~
}
a balance exist. Anything hereinbefore contained, to the contrary notwithstanding, if ~
i
any default ahall occur, other than in the payment of money, which cannot with due ~
diligence be cured within a period of Thirty (30) days, and Lessee prior to the expiratior
of Thirty (30) days from and after the giving of notice as aforesaid, commences to
eliminate the cause of such default and proceeds diligently and with reasonable dispatch
to take all steps and do all work required to cure such default and does so cure such
default, then Lessor shall not have the right to declare the said term ended by reason oi
such default.
FRIC-MCD: 91063 ~6GGK~t1~ ~e31
~ w;,~~ , r~ -r. - . _ a~a~-=