HomeMy WebLinkAbout1787 may impose such terms and conditions relative to
requirinq tha Leeaee to supplement such funds in
such amounts as may be necessary~to pay for recon-
atruction and repair. to disbursements of the s~nae,
and to such other matters relatinq to such funde
and prQCeede as euch mortgagee may require.
14. Lessor's Right to Apply Funds Neld on Behalf of thQ Lessee.
If at any time durinq the term o s ease e ssor s a ave in
its possessfon monfes otherwiae belonqinq or payable to the Lesaee,
and the Lessee ehall at the time said money or funds Mould otherwise
be pa~yable to it be in default in the payment of any ot fts abli-
.qations provided for herein, the Leseor ahall have the riqht to apply
suah proc~eeds aqainst all existinq defaulta to the extent available ar
nacsasary to cure such defaulte.
15. ~ ~afnent Domain.
- a. As to De7aised Premises.
(1) Total Takin . If durinq the terna of this -
Lease the ent e Dem sed Premises shall be taken as
a result of the e~cercise of the power of eminent
domain, herein called "proceeding", this Lease and
all riqht, title and interest of~the Lessee hereunder
shall~cease and came to an end on the date of the
vestinq of title pursuant to such proceedinq and the
Leasor shall be entitled to and shall receive the
total an~ard made in such proceedinq and the Lessee
hereby absolutely assiqns such award to the Lessor.
(2) Partisl Takin . If during the term of this
Lesse less ~ e~e Demised Premises shall be
taken in any such proceedinq, this Lease shall term- ~
inate as to the part so ta~cen and the Lessor shall be
entitled to and shall receive the total award made -
in any such proceeding and the Lessee hereby assiqns
such award to Lessor, but the Lessee in such case
covenants and aqrees that at Lessee's sole cost
. and expense tsubject-to reimbursement as hereinafter
provided) promptly to restore, repair and replace
those portions of the buildinqs on the Demised Premisea
not so taken to ca~anplete architectural units and re- ~
. place buildinqs totally taken for the use and occupancy
of the Lessee as in this Lease expressed. The Lessor
aqrees in connection with such restoration to apply
or cause to be applied the net amount of any award
for damqe to th~e. buildinq or buildinqs on the Demised
Preiaises that may be received by it in any such pro- .
ceedinq tvward the cost of such restoration and re-
placement (but the amount so applied shall not include
the cost of any alteratioa, construction, change or ~
improvement the Lessee may desire to make that its not
necessary to restore that portion of the buildinqs
not so taken to a complete architectural unit or to
replace buildinqs totally taken to substantially
the same usefulness, desiqn, and construction as
immediately before such takinq, it beinq understood
that no alteration or chanqe in the basic configur--
ation of the improvement shall be made without the
approval of the Lessor), and the said net award shall
- be paid out fram ti.me to time to the I,essee as such
restoration and replacement proqresses upon the
written certificate of the Lessee or of the contractor ~
who has contracted for the performance of such restoration E
and rep2aoement, all fn the eame manner, and 8ubject to
the same praviaions, as set forth for disbursal af
fund~ far rec~o~natruction aAd repair in paraqraph 13 d. (1)
hereof.
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ae~~188 ~1784
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