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HomeMy WebLinkAbout1969 ' ' of the power of emi.nent domain, herein callad "proceeding", this lease and all right, title and intzre5t of t,~e•Lessee hereunder snall cease and come to an en3 on the date of the vesting of title pursuant to such proceeding and the Lessor shall be entitled to and shall receive the total award made in such proceeding and tiie Lessee hereby absolutely assig;~s suc:~ a~~ard to the Lessor. 14.2. PartiGl '~'akina. If during the term of this lease less than the entire Recreation Cer.~er shall be taken in ~ a.:y such proceeding, this lease s: a~~ ~~rrlinate as to the part so taken and the Lessor shall bz er.titl~c: t~ and snall receive tne ~ ~ total award made in any suc'r. ~roceed~::~ a:~. ~;ze Lessee hereby assig:.s suc'r. award to Lessor. T'r.e Assoc~.;.~i~:., i: such case covenants a.~c agrees that at its sole cos ~ ar.d expe: se ~su'r~ject to reimburse;ner~t Y~.ereinafter provided) to restore, repai~ and replace those.portior.s o~ the buildings not so tai:en to cor.,plete architectural units ann replace buildings totally ta~cen ror the ::se and occupancy of the lessees o~ tt,.e Recreation Center. Tne Lessor agrees in connection with sucr. restoration to apply or cause to be app~ied t:~e net amount of any a~+rard . or namaye to the building or buiZdings on t;ne prem.ises that may be ~ ~ received by it in any such proceediag toward the cost of sucY~. restcra- ~ ~ ~ tion and replacement, but, tne a:no;u~t so applied shall not, however, ~ include the cost of any alteratior., construction, change or improve- ~ :r:ent that the Association may desire to make that is not necessary 4 ~ to restore that portion of t:e buildi:gs not so taken to a conp~ete ~ ~ architectural unit or replace b~:iidings totally taken of st:bstan- ~ tially the same usefulness, des~g: and co:.struction as immediate~y before such taking, it being t:.~::ers ~ood t,'~at no alteration or char.ge in the basic configuration of t:~e i.::prove,:.e:~t shall be made wit'~out ~ ~ the approval of the Lessor. Tr.e said net award shall be paid o::t ~rc.~, ~ ~ ~ ~ime to time to the Association as suc'r. restoration and replaceme;.t proyre~ses upon the written reguest of :he Association whicr. shall ~ be ac~~mpanied by the following: ~ _ ; -i4- ~i89 ~i96~ r= > . . . . _ _ . ~ J ~ t'" a,,~ ' i~..~r` - a ~s:~2~_~~ n ~~:z ~s~"~~ 4. M~ T.. . ~t~ .