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HomeMy WebLinkAbout1721 ~ i COVENANTS AND AGREEMENTS - 1. Lessor generally warrants ownership of the fee simple tide to the leased premises, or that I.essor has the right to execute this Lease. 2. I.essor warrants that the premises are suitable for the purposes tor which leased, and that upon pertormance of L~ssee's agreements under this I~ease I.essor will maintain Lessee in quiet possession and enjoyment as against any claim of Lessor, his heirs, executors, administrators. sucoessors or assigns. or any other person during the terrn of this Lease. 3. Lessor agrees to keep such premises in good and tenantable condition, and to make at I.essor's own eapense such repairs to any portion of said premises as may be neoessarY to rePlaoe faulty construction, or to replaoe all ordinary. wear, tear or deterioration. Iessor further agrees to do at his own expense such painting of the exterior as is neoessary to mainlain the Prem~s in reasonabl ood condition and appearance. I,essor further agrees to make. at his ovm expense, all changes and additions to the leased preic}ibes r~quir~i ~bY. reason of any laws. ordinances, orders or regulations of any municipality, County, State or other public suthoriEy~ = including the furnishing of required sanitary facilities and fire protection facilities, ( eaaept t}wae fire pro~ection { facilities sFecially required because of the installation of telephone or electronic equipment snd fiztures in.the _ leaeed premises). . ' . Should Iressor fail to make any of such repairs, replacements or changes, or to paint, paper or tint within 30 days ~ after written notice from I.essee of the necessity therefor, Lessee may at its option make the sazne, and dednct the ~ eost thereof from the rent next or at any time thereafter accruing, or Lessee may quit and surrender poe~essiou of the ~ premises without further liability to I~essor hereunder. _ I.essor agrees to maintain and keep in good repair at all times and to provide all repair and replacement parts for ~ the lighting ' ~ ' ' ' ' ' ~ ' plumbing, ~and other mechanical and electrica systems m premises, at I,essor s own expense. day-to~lay operation and I~ routine starting and stopping of such heating and air oonditioning facilities, however, may be perforrr~ed by the i Lessee. If upon notioe, Lessor shall fail to immediately make neoessary repairs to such systems, Lessee may make ~ such repairs and charge the oosts thereof against any subsequent rental paymen~ ~ 4. Iressor shall pay all taxes, special assessments and public charges levied against the leased premises, payable during the term of this I.ease. 5. Lessee agrces to pay I.essor the rent as herein speci6ed_ If the rent hereunder shall remain due and impaid for ten (10) days after written notice from Lessor to I.essee, LesSOr shali have the right to re~nter said premises and to remove all persons therefrom. 6. L~ssee agre~ to maintain said premises in the same general c+ondition as when received, ordinary wear, tear, deterioration, damage by the elements, or unavoidable casualty excepted. I,essee may make, from time to time, such interior changes, alterations. additions and improvements in, on, or to the said premises as will, in the jud~ment of Lessee, better adapt the same to the purpoees of its business. All fixtures added and improvements made in, on, or to such premises by Lessee shall be at its own ezpense, unless otherwiee specific~lly pmvided herein. Upon termination of this Lea~e, Lessee shall deliver possession of the leased premises to I:essor in the same general condition as when reoeived excepting, however, ordinary wear, tear and deterioration, damage by the elements, un- avoidatile casualty and such alterations. changes, additions or impmvements to the premises as have been made from time to time during the term of the Lease. 7. Removable fuctures, applianoes and furnishings shall remain the property of the Lessee, and at its own optian may be removed therefrom at the expiration of the term or terms of this Lease. But I.essee may not be required to ~ remove or to pay for removal of any fiutures or furnishings in said leased premises. ~ Failure of the I.essee hereunder to remove or to ecmplete removal of its own fixtures, applianoes or furnishings before the efiective termination date of this Lease shalt not aHect I.essee's title or riAht to pos~ssion of such property, and ~ its .right to removal of such property within a reasonable time after termination of this Lease ahall not, by such termination be abridged.. ~ 8. Lessee shall have the ri~ht to insure and keep insure~ a± its mvn oo~t, its interest in said premis~ to the eztent of the costs of any interior chan~es, additions, alterations or imprrn~ements made by it thereon, and its interest in its fixtures, furniture and appliances. I.essee has the further riRht to c~ollect the amount of any such insuranae in the event of damaQe to or aestruction of said additions, alteraticros or improvemenffi o~ the said furnihire, 5ztur+es and applianoes, durinR the term of this I~ease and for a reasonable time after termination and befor+e oomplete remoaal. ~ bv any cause oovered by such insuranoe. Such insuranee may extend for a reasonable removal time atter termination of this I.ease. ~ 9. Should said premises or any part thereof be c~stroyed by fire or otherwise rendered untenantabie, the rent pay- ~ able hereunc~er shall abate trom the dale of such dest~-uction or injury in the proportion that fhe premises so r+en- . dernd untenan~ahle bears to the entim premises, and all advanc~e payrreents of rents, if any, oo~~ering periods su6ee- quent to the d:~te of such destruction or injury, shall be promptly refunded to Le~eee in the proportion atoresaid. . . ;t; }r t~ N~,.. y ~ ~7z~. . _ _ ,R- - ~ .