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HomeMy WebLinkAbout0401 ~ ! ~ 26. LESSOR'S LIEN FOR RENT. The Lessor sha11 have a lien o~ every right an nterest o t c Lessee in and to this leasc~ and - o~ the buildinRs now or hereafter located on the premises. and on the furnishings and equipment. fixtures and other personal property of every kind and on the equity therein brouRht on the premises by the Lessee as a parC of the equipment used therein, which lien is granted for the purpose of securing the payment of rents. taxes. assessments. charges. liens. penalties and damaRes herein covenanted Co be paid by the Lessee and for the purpose of securin~ the per- formance of any and all and singular the covenants. conditions and obligations of this lease to be per~ormed and observed by the Lessee. 2~. EARLY TERMINATION. If this lease shall terminate at any time prior to t e exp~iration of the 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 unto the Lessee at once pass to and become the property of the Lessor. 28. SOLVENCY OF LF.SSEE. If, during the term of this lease. the Lessee shal ma e an assignment for the benefit of creditors; or a voluntary or involuntary 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, ad3ustment, modification, settlement or satisfaction of the liabiliti~es 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 Che expiration of the term hereof. the provisions relative to notice and grace notwithstanding, and the Lessee shall then quit and surrender the demised premises to the Lessor but the Lessee shall remain liable as hereinafter provided. 29. EASEMENTS UPON TNE PREMISES. The demised premises are sub3ect to such easements or pu ~.c uti ities 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 public ~ utilities, easements from time to time as the Lessor in its discretion ; shall deem appropriate, free and clear of the provisions of this lease, I provided only that such future easements shall be for the purpose, in ~ . whole or in part, of supplying utilities to the demised premises, or for k the purpose of drainage. _ I 30, TIME OF THE ESSENCE. Time is of the essence in every ~ particular and especia y w ere the obligation to pay money is involved. 31• WAIVER EXTENSION AND INDULGENCES. No waiver, extension or indulgence grante y t e Lessor on any one occasion as to any ~~reach shall be construed as a waiver, extension or indulgence of any succeeding breach of the same covenant. ~ 32. CHANGES Il`I WRITING. No modification, release or dis- charge or waiver o any provisa.on hereof shall be of any force, effect or value un3ess in writing, signed by the Lessor. ~ - ' ~ _ ~ ~ ~ ~ i ~ x ~ . ~ ~ ~ p ~ 80~K 20~ PAGE ~~O ~ s ~ - ~ ~ ~ _ ~ , _ - - _..a - - ~ ~ . :