HomeMy WebLinkAbout0479 ~ 27. LESSOR'S LIEN FOR RF.NT. T'he Lessor shall have a lien
on every right an nterest o t e essee in and to this lease and
on the buildings now or hereafter located on the premises, and on
the furnfshings and equipment. fixtures and other personal property
of every kind and on the equity therein brought on the premises by
the Le$see as a part of the equipment used therein, which lien is
granted for the purpose of securing the payment of rents, taxes,
assessments. charges, liens, penalties and damages herein covenanted
to be paid by the Lessee and for the purpose of securing the per-
formance of any and all and singular the covenants, conditions and
obligations of this lease to be performed and observed by the Lessee.
28, EARLY TERMINATION. If this lease shall terminate at
any time prior to t e ex~ rat on of t~e term provided, by reason of
the breach of the Lessee s covenants, then and in such case, all right,
estate and interest of the Lessee in and under this lease and in and
to the demised premises and all insurance policies and all insurance
monies paid or payable thereunder and all utility deposits and all
prepaid expenses as to the demised premises shall, without any
compensation made therefor untu the Lessee at once pass to and become
the property of the Lessor.
29. SOLVENCY OF I.ESSEE. If, during the term of this lease,
the Lessee shal ma e an ass gnment for the benefit of creditors; or
a voluntary or involu~ntary petition be filed by or against the Lessee
under any law having for its purpose the adjudication of the Lessee
as a bankrupt or the extension of the time of payment, composition,
adjustment, modification, settlement or satisfaction of the liabilities ~
of the Lessee or the reorganization of the Lessee, this lease, at the
option of the Lessor shall be terminated and shall expire as fully
and completely as of the day of happening of such contingency coincided
with the date specifically fixed as the expiration of the term hereof,
the provisions relative to notice and grace notwithstanding, and the
Lessee shall then quit and surrender the demised pre~ises to the Lessor _
but the Lessee,shall remain liable as hereinafter provided.
30. EASEMENTS UPON THE PREMISES. The demised premises are
sub~ect to such easements or pu c uti ties as now appear of public
record and Lessor shall have at all times the exclusive right to create
upon or over such of the demised premises for any and all pu-blic
utilities, easements from time to time as the Lessor in its discretion
' shall deem.appropriate, free and clear of the provisions of this lease,
G provided only that such future easements shall be for the puruose, in
~ whole or in part, of supplying utilities to the demised premises~ or for
~ the purpose of drainage.
~ 31. TIME OF THE ESSENCE. Time is of the essence in every
particular and espec a y w ere t e obligation to pay money is involved.
32. WAIVER EXTENSION AND INDULGENCES. No waiver, extension
or indulgence grante y t e Lessor on any one occasion as to any
breach sha11 be construed as a waiver, extension or indulgence of any
succeeding breach o~ the same covenant.
33. CHAN6ES IN WRITING. No modification, release or dis-
charge or waiver o any prov s on hereof shall be of any force, effect
or value unless in writing, signed by the Lessor.
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