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HomeMy WebLinkAbout1153 . ( ~ rent remains unpzid £or a period of twenty (20) days a£ter final d~terinination, by agreement or litigation, that the ~ application of the rentals was improper. 3. At his own expense Lessee shall keep the premises in good condition and keep Lessor's improvements and equipment in good repair. Lessee will upon the expir- ation or termination o£ this Lease Yor any reason deliver up said premises and property to Lessor in as good condi- tion as when received by Lessee, depreciation due to a reasonable use thereof £or the purposes authori2ed by this Lease, and loss from fire, explosion and the elements or causes beyond the control of the Lessee, excepted. 4. Lessee shall have the right to install such pumps, underground tanks, machinery, apparatus and equipment as may be deemed necessary in the conduct and carrying on of the business on said premises. All Lessee's pumps, underground tanks, machinery, apparatus and equipment, shall be and remain the property of the Lessee, with the right, at its option, at any time before the expiration or termination of this Lease, and for a period of 30 days thereafter, to remove the same, providing Lessee restores the premises to its original condition. 5. Lessor shall pay all taxes and assessments, general and special, upon the leased premises and property and Lessee sha Ll pay all taxes and assessments upon machin- ery, appartus and equipment owned by Lessee and located on~ said premises. Upon Lessee's written request, Lessor.will furnish Lessee annually official tax receipts or true copies thereof showing payment before delinquency of all taxes and assessments levied on the leased premises and property. . 6. Lessor hereby warrants and agrees to defend the title to the leased premises and property and agrees that Lessee shall have the right at any time to redeem for ~ Lessor, by payment, any mortgage, taxes, or other liens thereon in the event of dePault of payment by Lessor, and be subrogated to the rights of the holder thereof, and may ~ deduct any such paymen~s from subsequent rentals in addi- tion to all other rights and remedies a£forded by law. l ~ 7. If the use of said premises as a gasoline and oil station or the storage or sale of gaso line, oil, or ~ oil-produets on said premises shall be-prohibited or en~oined by lawful authority, or if all or any ma~or part of said premises is taken in condemnation, thereby materially affecting the operation adversely, Lessee may, at its option, by giving to Lessor thirty (30) days' notice of its intention to do so, terminate this I~ease upon payment of all rentals due up to the expiration of said thirty (30) day period. 8. Lessee covenants and agrees that it will not ~ permit any nuisance to be created, maintained, or carried ~ on upon said premises. ~ 9. I£, at any time during the term of this Lease, any Uuildings, improvements or equipment belonging to Lessor, ~ located upon the above described premises shall, by fire, iy~, or other cause, be destroyed or rendered unfit for use by ~ Lessee, Lessor shall, within one hundred twenty (120) days, ~ replace said buildings, improvements, or equipment, in a ~ condition equal to prior condition and satisfactory for use ~ by Lessee. In the event Lessor Fails to, or is unable to, replace said buildings, improvements or equipment, Lesaee ~ May, at its option, cancel this Lease. _ ~ -2 - ~ ~ BOOK 1~~ PAGE1~~,, ~ . ~ ~ . ~ r. , _ . , , . _ . ~ _ ~ ~~s.e~ ~