HomeMy WebLinkAbout0064 tlie sun:~u~iL t~y t+l~ieli the i•c~ut.;~l v;tlue uf tl~c; ~ie.•is~i:,ccl I~1•~•ini:.r~; l~~i•
tl~e pei•ioci ~'i•o~n tl~c~ cxei•ciscr ~f the el:~c:tion ut~til. Lhe cxPii•;ttion
of tlic tci•~:~ shal l l~c 1 c~~ tl~;~u tIi~ ,:wcx: u t of r~•~. i: Znd otlecr
plyments provideit herein to Uc p;ticl Uy l.e: ,see to Lc.i~sor ciuring
slid perioci. It i.s uiidcrstoc~cl ~nd a~;l•ees that' ~i: L'lie tin~e of
tlze terminai.ion or at an~? tii~~e tlterc~iftcr Lessor may rent tlie
demised prc~nises~ and ~or a term which m:~y expire aSter thc
expiratio~i of i:he term of ttiis lease, ~sithout re2easing Lessee
from any li~bility ~•rhatsoever, that Lc:~see shall bc linble for
any expenses incurred b~ Lessar in connection tvith obtainin~
possession of the demised premises, ~vith removin~ from the
demised nremi.ses propcrty of Lessee and pcrsons claiming uncler
it (includina ~varel:ouse ch?rf;es), ~citli nuttin~ the ~emised -
premises in~o good candition for re~etti~~g, and ~tiitli auy rcletting,
and that zny monies collecLed iro:n any relettin~; sha12 be applicd
first to the foregoin~; exi~ei~~c:-: and the!~ to ~he p.~yment of rent
and all ot}icr pal~ments due frU~n I,essce ta Lessor.
XVII.
nrr.,r~..-.r....~--~ •,,~e.
11L~.<~~ it..11J1111' VLf11J~J.'.e.
In addi ~ion to tt~e othei• security for the pei•iormance
of the lease, the Lessce pled;es ~~lith the Lessor all of ~he
rents, is ~iics, and profits ~.•hich might otherwis~e ticcrue unto
the Lessee for the use, enjoyment and aj~~ration oi the demised
prccnises; auci in conttectiore w~th sucl~ pledging of re~il:s, the
Lessec cavc:~a~its at~d . r;rces itli tlie Lc ~sox- tl~zt if tlie Les~oz , ~
r upon ciefault of the I.essee, el.ects to filc ~ suii; in court to
~
_ enfo~ce tize le:~se aild pi•otect the Lesso~ 's ri~hts Lhereund:~r~
~ thc Lessor may, as ancillary to such sc~it, apply, zfter ch~e
g
~ notice to ttie Lessee, to any court havinb jurisuiction for Lhe
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agpointment of a recei.t~er of all and S1IlaU11T' tl~c demised p~~cmises
and Lhc iml~rc~vement.s and buildin~;s loclted thcreon. If the
' Lessee siiall become in~olvent or if bznlcrttptcy proceedin~s shall
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be be~;Un by or a{;ai»st the Les .ee, bcfore the eiid of the term
~ of ttiis lcase, tlze I.essoi• is hercl~y ii•rcvoc.^.bly aiitliorized at, its
opt.io~i, tU fo1•thv~:~.h c:t~1ccl tli~.~. l~,~sc, as foi- a default. Lessor
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ina~• elect ~o :~.cccpi: renL fro~ ~suct. receiver, i:ru:.i.c~, ar othcr
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