HomeMy WebLinkAbout0827 n;uy ic:;posc sucii tcr:~~ ar:c? cc::c:i~ion~ rclativc ta
:'cc-uiri~:~ tl:c ~.~sscc ~o sur:,:~,::~~;~t such f~:acis ii2
scc:i ar:aunts a~ ::~ay be neccs~arl? ;:.o pay for reco~-
st~u.:tion and repair, to d~shursc:acn~s of t"e s~:~c,
a:.u to such other r.:at~ers relu~iny to suc:: fun4s
ar,d ~roceeds as such r.~or~ga~ce .aay req'11r~.
14. Lcssor~S `_~1Q11~. LO iiC~'.JI` lli:~t.5 [i~:14: U~i i~::::.:.ii t~i ~`.:'.i: :.=S~:c?..
If at d:1V ~1:~.3 ur2r.cJ t.~._ tErf.l O ti21S uCa'tSC ~tic'~ LCSSO~ S..a r.4ve l:l
its possession r.to:~ies o~n`rwise beZonging o~ aayable to t:e :~`ssee,
and the ~essee shail at the time said r..or,ey or fu:~~s wou~d o:::erwise
be payable ~o it ne in default in t'r.c payr.:ent of a:~y of i~s ob~i-
gations provide3 for here~.r., the Lessor snall ha~?e tY:e ri~ :t to ap~Iy
such proceeds a~ainst all existing nefaults to the extent av~ilable or
necessary to cLre such defaults.
IS . ~:~i: e:~ ~ ~7ait3111,
a. ?ls to D~:isec: Pre.-aises.
T~tal "'a::inc, .if ~urina t:~e Ler.:. of t::is
Lease t`~e ea~ire D~nised ?re.mises sha11 b~ take : as
a result of tne e~ercise of the power oi eminent
Go:aain, herein called roc~edin5", t::is Lease ar.c;
all rig:::., title and i;~teres;. of the Lcssee hereunder
shall cease ar.u come to an end aa ~he date of ~e
vestir.g of title pursuar.~ to such proceeni.-~g and t:^.e
Lessor s:Za2~ be entitlec: to a::d shall receive t:e
total awaro ~aae in such proceeding ar.d the :.essee
r,z.:eby absolutely assigns suc,`~ award to :.iie Lessor.
(2) Par~ial mati::g. If during the ter=: c~ ~..:is
=-~a~° t^_~~? }~~P ?ntir~ remisec Prer:iises s?.aii ~e
ta;cen in any such proc~ecir.g, t~.is Lease shall te~.:~
ir.ate as ~o t~e part so ta~:en ar.c :.3ze i.essor s:z;? ~e
e:~titlen to and szall rEC~ive t'r.e total a~;~a~d ^ace
in ~ny suc:~ proceeding and ~he ~essee hereby assig:s
sLC'r. award to ~,zssor, bu~ t.~e Lessee in sucZ case ~
covena:.ts ar.~ agrees t'~a 4 at ~essee' s sole cost :
and ex~ense (s~~ ec ~ to rei..~•srser.en ~ as hereir.af ter ?
o~ovi~en) ~ro::.ptly to restore, repair and re~iace =
: izose portions of the nuil~.i.^.gs on t~e ^uer,isec ?re..
:ises ~
r.o~ so ta;cen to co:a~lete arc::i~ectura3 units a:zd r~- J
~ Iace b~:i13i.^.Ss totally : a:cer. for the use a.~a occ;:na :cy ~
of t:-~e ~zsse~ as in t:^_is :.ease exDressed. =ne =.essor
agrzes in cozr.ection wit:z sucR rastoratioa to apn~y
or ca~se to be ap~lie~ ;..'~e r.et a-nou =t of ar.y ~;~=a~c
~or na:.lge to t~e buiidir.e cr builciings en t'r:e ~e::isea
Pr~;:uses tzat zaay be reczived by it in ar.y such o-
ceedir.g to~a~d ~:ze ec~z of such restoration a^c re-
~13C@.'::2:2t (~st tiie anoun~ so aaplieu sha2i :.ot ir_ciuce ~
~:~e ccst oi ar.y alteration, coastructio cha^ge or ?
i.::~rove.::ent tt~e Lessee r.,ay ~esire tQ ma{e t:~a~ its no~ s
necessary to restore ti•.at portion of the buil~i::~s
r.et so ta;:e:. a co~~le ~e arc:~itect~.ral u:i ~ or to
re~ lace bu:.~d~..gs totally ~aken to su~sta~tiallv
~<:e s~:~e usefuln~ss, GesiS:., ur.d constrsc~ior. as
i.*~.:.~ediately before suciz ta::ir.c, it beir.g u:.:ers~oon
t:.at no alteration cr change in tne r~asic cor.fir~r-
ation of tie i::prov~~:ent s:aall :,e ;:za~e ~•i ~i:out
a~?roval o~ I,essor) , a..G the said net aware s'r:al1
be ~aid c::~ fro::. ti::;e to t~::;e to .`.~:e :.essec as sLC:;
ras~ora~~o:. a~.d replace.~e:.t orogresses upor. t~:e
w~it~e : czrtifica~e of ttze Lessee or of .`_iie c~:~~racto~
~.•::o :.as co:.~acteci €or t~zn per_or.::a:~ce of suc:i resta~a:io:.
a:3 replace,:~er.t, aIl ~n ~:.a sG.ne r.ianner, ar.c. sLb;~ct t~
~:e sa::.e provisions, as se ~ forth for 3is~~rsai o~
~•a, cs zor recons~raction a.^n repair in paraara~:z 13 ci. (1)
h~~ eof .
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