HomeMy WebLinkAbout0685 star.d ir,g :
A. :his I~ease is freeiy assigr.ab~e.
B. iLTo assi~r.rr.ent or transfer s: ai; be va~ici un~ess ar.d u.-
ti~ t'r,e assig:.ee shali expressly assur.~e ana agree to peri"orrr, ~ac'r, snc
• every tr.e cover~ants of tr.is Lease whic'r., by tr.e terms hereof, t'c.e ;,essee
agrees ~o keep and? perform,and wr.icr. asst;.T,ption sh5il be ev~der,ced b,y
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wr~tten instrument executed in such fas~ior. as to entit~e it ~o : ecord-
ir.g, nor shall such ass~g:ir,~,ent oe dee:r.ed vaiid unless the assigr,r~e:~t t
or.a assumption agreemer.t are promptiy filen for record in the Cour.Ly ~
,
w:erein the leased prem~ses are iocate~ and t:z~.less a:~d i:z,.t~l an execu-
ted origir.ai tnereof is delivered to the Lesscr, toge;.: er a refer-
ence to ~'r,e Book and . Page nuz:be: of t:~e recordation t:~eo~ . :~o ass~gn-
~ n,ent, trar~sfer or asswr.ption sr.all ever operate ~o : e~ease o prio:
:,essee frorr~ any of t'r.e obligations ~Y~.ereof, anci no such prior Lessee
sr.all be released unless and un~il a writtan -ciischa:ge of suc~-..Lessee,
duly executed by the Lessor, sr.all be recorded among 'the public records
of the Cour.ty in which tne ]eased premises are located.
C. Each side (Lessor of ;he or.e part and Lessee of ~r.e other}
'r.ereby covenants and agrees with ~~.e atner thd?t such side wil~ w~t'r.ir.
;
; i"~fteen (15) days after wr~~ten notice sr.a~l r.ave been given, tr.at side #
by tne otner requiring a state~er.t o~ tr.e status of the Lease , give
sucn statement in writirlg snd truthfully so as to show whetc,er the
i.ease is in good standing and, if it ~s r.ot, the particulars i:~ whicn
. ~
i~ is not; and failure wit'r.in said period of Fiiteen (15) days so to ;
give such written reply shail constitute a representation that tne I.ease
is ir. good stand~ng, whicn represer.tatior, any persor., with~n fiiteer,
( ~5 ) days after the expiration o: said 15-day period, m,ay re~y ~:por,
as oeing true and correct. Not:.ce and t'c.e consequent reply shal~ be
neemed given and tim?e sr.all begin to run when, respectively, . the said ~
;
notice and ~he consequent repiy are Geposited in the L'.S. Cert~fied or ~
?egistered N;ail, with sufficier.t postage prepaid thereor. to carry tr.e:;~ ~
~ ;
~o their addressed des~gr,ation,, ar~d tY~,ey s:.ail be addressed to :.essor
a:.d ~,essee (as tne case y be ) a~ t::e piaces and in the r~.anr.er pre-
scribed as being the p~aces and t'r.e :~,a:,ne: for giving r.ot~ce .
D. The obligatior.s ass•~ .,ed 'r.ereur.der by the re.spective s:des
~ ~ ° R ~199 ~ 68~ ~
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