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B. Nothinq herein contained shall ever be construed as ~
ren~erinq the Lessor personally liable for the payr~ent of any `
such insurance premiums, but if, at any time during the continuancc ;
of this lease, the Lessee shall fail, refuse or neglect to procure
any of the policies of insurance required in and by this instrument
to be procured by the Lessee or to keep and maintain the same in
~:zil force and effect or pay the premium therefor promptly when
due, the Lessor may, at its option, procure or renew such insur-
a:.ce and thereupon the amount or amounts of money paid as the ~
premium or premiums thereon, plus interest at the rate of ten (1096) .
p~r cent per annum shall be collectible as though it were rent then
r:.atured hereunder and shall be due and payable forthwith or in
lieu thereof and notwithstanding the procurement and renewal of
s::c:z policies by the 7~essor, this indenture and the terms created
:.~r.:by may, at the option of the Lessor, be terminated and declared
YV ~n end and all of the right, interest and estate of the Lessee
i:. such event hereunder shall immediately cease and become-null
~.r.c void. . ~
XII ~ .
• ~ ~ ASSIGNMENT '
. Provided that this lease is not in default and is in qood
s ;:~ading,
A. This lease is freely assiqnable.
~ B. No assignment or_transfer shall be valid unless and until
I tr.e assignee•shall expressly.assume and agree to perform each and
~ eve~y the covenants of this lease which, by the terms hereof, the
¢ Less~e agrees to keep and perform, and which assumption shall be
~ evidenced by written instrument executed in such fashion as to
~ an~itle it ~o recording, nor shall such assignment be deemed valid
~ u:~less the assignment and assumption agreement are promptly f iled
~ ~or record in the County wherein the leased premises are located,
~ and unless and until an executed original thereof is delivered to
~
~ ~:~e Lessor, together with a reference to book and page number of
~ ~he recordation thereo~. No assignment, transfer or assumption
~ sh431 ever operate to release a prior Lessee from any of the obliga-
~ tio~s hereo~, and no such prior Lessee shall be released unless and _
until a written discharge of such Lessee, duly executed by the
~ Lassor, shall be recorded among the Public Records of the County
~ ~n which the leased premises are located.
~
C. Each side (Lessor of the one part and Lessee of the other)
:za.eby coveZants and agrees with the other that such side will :
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w~~'r.in fifteen (15) days after written notice shall have been given
~:.~t side by the~other, requiring a statement of~the status of the ;
` ~ ieasa, giva such statement in writing and truthfully so as to ~
s:ow whether tha lease i~ in good standing and, if it is not,
~``y ~ ;;:.c particulara in which it is notj and failuro within caid period
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L/?W OFFICES BAAT L. COHEN, CiTY N/?TIONAL BANK BUILDINC3~ MIAM1~ FLO A
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