HomeMy WebLinkAbout0922 s ~ar.d.ing :
A. TY:is I~ease is freel}t assignable .
R. No assigilment or transfer shall be valid unless and un-
til the assignee shall expressly assume and agree to pzrform each and
ev~rv the covenants of this Lease which, by the terms hereof, the Lessee
a~rees tc~ keep and perform, and which assumptien shall be evidenced by
written ir.strument executed ir. such fashion as to ent.itle it to record-
ing, r.c~r shal? sucr, assignmer,t be deemed valid unless the assignment
anC ass•;:r.ipti;n agreement are promptl}- fiied for record in L}le County
w!:ere ~r: *.he leased premises are lacated ar.d unless and until an execu-
ted ori~inal thereof is delivered to the Lessor, together with a refer-
e::ce the BO~K and Fage rlumber oi * he re cordat ion thereof . No assign-
r~~er.~, ~ransfer er ass~.:r~,ption shall ever operate te release a prior
iessee fr^r.'~ a~~- of ~he ebiigations hereof, an no such prior Lessee shall
~e reieasec ~nless and un~il a wri~ter~ discharge of such Lessee, duly
~xec~,~~ecl e Lessor, shall be recorded amar.g the public records ef
t: e C~unt;~ ~r. which the Zeased premises are locat~ed.
Each side (Lessor of the one part and Lessee cf the other)
hereb;~ cc:~er~ar.ts ar_d agrees witr. the othEr that such side will within
fifteer~ (15) days af~.er writt.en nctice sha.ll have been given that side,
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; b;- the other, requir~ng a statement. of the status of the Lease, give
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= s;:~h s~ater.:er:t ~r: ~riting and truthf~lly so as to show whether the
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~ Lease is ir. gced s~andine ar_o, if it is not, the particulars in which~
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? l~~ ZS r.o~; and ~ailure wit?-:in said period of fifteen (15) days so ~o
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~ give s~.~ch wr~~t~r. rep~y srali ~onstitute a represer.~atior~ that ~he Lease
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~ ss ir. gc~d standirlg, which representation ar.}• perscr,, within iifLeer,
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~ ;1; ) da.; s af~~r r~e ex_p22^3±i~n ^f said 15-da~ period, fiic'~V rely upon
~ a s~e g ~r~~:e ar~ti corre c I~ ot i ce and ~he con seo~aent reply shall be
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~ deerysed ~~~er: ar.d ~~~rie shal3 begir, ~c rur. when, resgectivEly, the said
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~ ~ct~ ~e ard *~:e co::sequer.~ reply are depesited ir: *r.e U.S .Cer* ified or
= r.e~is~ered :`.a~~, wi;,h su~'fi~ier.:, Fcs*age prepaid thereon to carry them
~ t~ *hz~r addressed des'.ina*i~r~, ar:d tr:ey shall be addressed t~ Lessor
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~ ar.~? LesseG (as the case r.~a_,~ be ) at the piaces ar.d in *he m.anner pre-
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~c•ric<.~c as 'te::.g ;,he p?aces and ~he manner for giv~ng notice.
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~ i;~. ~::e ~bi:gaticns assuT.ed here~,,;nder by tr~e respe;.tive sides
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~K sa~190 919
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