HomeMy WebLinkAbout2694 .
9. Lsesors hareby Marrant and aqree to defsnd the ;
;
titls to ths land and preai~es hsrein demised, and covsnant tbat ~
~
Le~sees may quf~tly enjoy the pren+isas, so lonq a~ ths Lesss~s ~
shall obeervw all ths teres and conditions of thfs lea~e. ~
i
Lassses agree that Lsssors shall have the riqht at any tims to
rsd~sm for ths Lesas~s by payiaent of any ~ortqags, taxes or othsr
lien• on said lands and prsmisea in ths svent of default of pay-
went by the Lse~ees, and tha Lessors shall bs subroqated to the
riqhts of ths holdars thereof and to reinbnrsesent by Lessees !or
said payments.
10. If Lsseeas shall fail to make any rsnt paynaent
when due or shall fail to abide by all of the terms and conditions ~
,
~
of thi• leasa, it shall be lawful for the Lesaors, after thirty ~
~
(30) days rrrftten notice, to declare the lsase terminated, and ,
re-entar and take control of the deaised pre~aises, or any part '
thereof, with or without proceas of law. ~rithout prejudice to any ~
~
renedies which they nay othent~riss have. 1'he Ls~sor• shall have at ~
~
, all times the riqht to distrain for due rent, and, in the event
i
i
~ aithsr party shall place this lease in the hands of attorneya by ~
I t
~ reason of dafault of the other party, the defaulting party agrees ~
~ '
~ to pay all coats and reaaonable attorneys fees. Before any of tha `
=emsdies hereundsr nay be exarcised by the Leseore in the evsnt of
a defaul~ by the Lessees, the Lessors ahall give the Lassees thirty =
`s
(30) aays notice in writing of the facts conetitutinq ths default, ~
and Lessees ahall have the riqht to cure any such default. In
addition, the Lessors shall give the holder of the mortgage or
,
~ mortqaqes relerred to in paragraph 6 herein the sams notica as #
~ . ~
~
~ qiven to the Lassees, and the holder of the mortgage or ~aortqages
~ ~hall have tha riqht to cure any d~fault spacifiad in ths notica.
~
In the event tha dstault is not cured vrithin tha thirty (30) day•
~
~ notice period, then the Lessor• nay sxercise any of the rs~sdiss
~
provid~d hereunder or any othsr rsmediss provided by la`+.
-5- ~voK ~D4 2~93
- _ r.
~ ~ ~ 3. ~ ~ 3 ~ ,~,~,.~-~+s~~i.'~'.
~ ~
c.~`~'E~"'~ " ~ r^; ~ ' . -
P y i