HomeMy WebLinkAbout1985 Lessor, and/or paid by the Lessor i~ ~L:.a~f o~ t:e Lessee or Associa-
tion together with interest t,':ereon at t'r.e rate of ten percer.t per
annum as well as payme~t to the Lessor of ar.y and a21 costs incurreci
or expended by the L~ssor, includ:~r.g r~~;sor.able attorneys' fees and
court costs, and by the perforr.:ance o~ all of the Lessee's or Assoc~a-
tion's defaulted covenants r.ot gerfor:~able by the payment of mor.ies
to the Lessor. This provision s:,a~i be i: acldition and suppler,enta~.
to any provisioa elsewhere hereir. set fort:: with respect to the pay-
r~ent of interest or deferred or Iate pa~r.::ants except that the ~.otai
interest due and payable on any rent payr..ent made by the I.essor or.
be:~aZf of the Lessee or Association shall not exceed ten percent per
ar.r.um. .
37. RUNNING Or GR~1CL ~EZIGDS. All default and grace periods
.
shall ruri cor.currer.tly and ;~ot cor~secutively.
38. CUML'LATI~ ItE?~~DIES. ;'r.e various rig:zts, remedies,
~owers, options, elections, pre~erences and Iieas of the Lessor set
fort'~ in this lease sha?1 be construzd as being exciusive of t2~~e
otaer or exclusive of any rights or pricrities allowed by law and tY~.~
exercise of one or more shali not be cor.strued as a waiver of tne
i
~
; others . 4
~ ~
, 39. CO~STRL'CTIOti OF A~E1'.~ i:~' nS E~,~CTIOV TO TERN:I~A~F. The
~ exercise by the Lessor o: any oi its rig:.ts of re,
edies provided in t:zis
lease to enforce the provisions of this lease by ctecree, ;udrjment b•r
otherwise, shall not be construed as a:~ e~ectior. by tne Lessor to te~i-
r.ate and cancel this iease exceat if ;,~.e exercise oi ~uch rig: t or
re.:.edy be : the declaration by t~e Lessor tzat tiie lease is terr,~~inatea
ar.d cancelled due to default ou the ~art o~ tne ~.essee; or tr.e entry
of a judgment, decree or writ cf ev~c~ion as to t'~e Lessee; or ta~e
~
~ entry of a judgment or decree of a co:zrt of competent jnrisdiction
cancellinq this lease.
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