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HomeMy WebLinkAbout0521 ~ i ;i ;i leaaee ahall becowe the property o! the le~sor and remai~ upon i ,i th~ ~reu~ises__a~ a~?art thereof and be aurrenderod with the - prsmieea at the termination of thi• lease. Lesaea h~reby accspta tho premisea in the condition they are ir? at the beqinning o! I; thia laaae artd agrses to maintain aaid premisa~ in th~ same ! ~j condition, order and zepair as they are at the coomiencea~nt o! 1~ eaid term, exce~,ting only reaeonable wear and tear arisinq Prom I ~ the u~e thereof under this leaae. 7. The lee~ee r~groea th~t it shall comp2y with all requiren~aente o! lew, orders ~ ordinance8 and regu lations which ~ shall ian ae an dut u n the occu arit• ~ ~o y y~o ~ ot the pzemise~. It is ~ underatoc~d axid agreed that the lessae is going to make improveraent = and re~airs to the ~remisee. In the event thia resulta in any , mechanics liene being filed aaair~st the pramises, the filing ~ of such caechanics' lien ahall constitute a default b t ss y he le ee ; ~ hereunder. Should the leasee fail_to aecure the removal of any ~ mechanics' lien fi f led, the lesaor may thereafter, but shall not be obligated to take whatever action may be spprc.Nriate to remove the liens and the iessee agrees to pay. the ieseor the reaeonaDle cost to the lessor af aecuring auch removal, including ll I attorneys' fees. ~ 8. During the term of thia lease, the ~essee wi 11 at its own cost and expense maintain and provide such insurance ~ coverage ae is normal and customary #or the ty~~e of eventa being ~ ~~roawted at ths speedway in respect to general racing liability ~ and damage insurance, and it is further agreed that the leases ; ~ shall hold harmless the leesor from any and all claims for ~~ersonal in,~uriea and propert dama e arisin out of the use Y 9 9 ~ and occu~ancy by the lesaee of the premisee herein conve ed which ~ Y ~ shall include demaade, judgment~ or claims, ancl the lessee ahall ~ ~ carry adequate public liability ~nd pro~;erty damage insurance to , , , . _ 3.. ~r~ 1w ~O~K ~r~Ill PACf ~ ~I • ~~i~B~.~=~,, . - " .