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HomeMy WebLinkAbout1863 ~ 36. DEFAULT. If default shall be made by the Lessee or Association in the performance of any of the covenants herein set , forth, then in addition to any other rights or remediea which the Lessor may have, the Lessor shall have the right to declare this lease can- celled and terminated and re-enter upon the demised premises either with or without process of law, and after notice of such declaration, and upon demand for possession the Lessee shall peaceably surrender and ~ deliver up the demised premi.ses to the Lessor. Providing nothing in this lease shall be construed as authorizing the Lessor to declare this lease in default where the default consists of nonpayment of rent, until such nonpayment in violation of the terms of this lease shall have continued for fifteen days; and where the alleged default consists of some violation other . than nonpayment of rent, the Lessor may not declare this lease in default until such violation shall have continued uncured for twenty days after th~ Lessor shall have given the Lessee and Association~ written notice of such violation; provided, hawever, that nothing contained herein shall be construed as precludinq the Lessor from hav- ing such remedy as may become necessary in order to preserve the~Lessor's j rights and interests in and to the demised premises and this lease j before the expiration of.the qrace or notice periods above provided if F I ~ ~ under the particular circumstances then existing the allowance of such ~ grace or the giving of such notice periods above provided if under the ~ particular circumstances then existing the allowance of such grace or the giving of such notice would prejudice or endanger the rights and estate of the Lessor in the demised premises and this lease. If the ~ Lessee or Association defaults in any of the payments of the swns re- ~ quired to be paid by them, the Lessee or Association may cure said ~4 ~ default at any time prior to a decree cancellinq this lease,or a decree ~ . ~ ~ and/or judgment of eviction, or prior to a final decree of foreclosure ~ ~ of lien, by payment unto the Lessor the sums then due and owing said -29- ~ ~ ~ ~ . . ~ ~ ~ A~ - ~ ~ ~ ~~~,~.~....~~~.._=_.z...~~~= xr