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HomeMy WebLinkAbout1091 it ; ~i ~ ~ i ~ • ~ within a reasonable time, the lessee shall have an option to take ~ the premises as is under the above terms as apecified or to elect ~ not to complete the purchase and shall have returned all moneys paid under this lease and option excluding any rent which shall '1 be retained by the lessor. , VI. Each of the parties will bear the standard costs in closinq a real estate transaction. I; ~j VII. Provided, always, and these premises are u~+on i; . ! this condition, that if the rent reserved or any part thereof ; ii f~ shall be unpaid for ~ days after becominq payable, whether . ~ formally demanded or not, or if any covenant on the lessee's , ~ _ ~ part herein contained shall not be performed or observea'?, or if ' ~ j; the lessee shall become bankrupt, then and in any of the said . cases it shall be lawful for the lessor to re-enter at any time i~ thereafter upon the demised premises or~any part thereof in the name of the whole, and thereupon this demise shall absolutely 3~ determine, but without prejudice to the riqht of action of the t~ lessor in respect of any breach of the lessee's covenants herein i':, ~ 6~ contained. ~y VIII. And provided, also, that in case the building ~ i; on the premises or any part thereof shall be damaged by fire or . j other avoidable casualty, so that the satne shall thereby be ~ rendered unfit for use and oc~upation, then and in such case the i~ t ~ rent hereby reserved or a just and proportional part thereof ~ i! ~ according to the nature and extent of the injury sustained, ~ ~ shall be abated until the premises shall have been duly repaired ~ ~ and restored by the lessor, or, in case th~ said~premises shall ~ ! be substantially destroyed, then at the election of the lessor ~ (or, at the election of either the lessor or the lessee) the estate hereby created may thereupon be detenained. , ~ IN WITNESS WHEREOF, the said parties hereto and to ~ ~ another instrwnent of like tenor have hereunto set their hands ~ • ~ i ~ . , ; ~ - ~ ~ , ~ i ( ; BOOK243 PA~E1092 - ; 3 , -5- ~ = j! ~ ' ~ ~ _ _ _ . • - - - - •~'1 r~