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HomeMy WebLinkAbout1449 •.i . . ' • ' . ! s - , • 1 • _ P • L~~ . . ~ ' ' 14, ~ ; ~ ~ oEEO RECOF~r~s - ~ ~ - v0i1423 FnrE ~0 kulC,~,~4 ir~h~r i~t;3 7 p~nsraP6~ S, 6 ~ . ~ ~ . ing of all of the Leased Parcels ~rhich sLall hereafter be conveyed by ~ . the Company to Properties pursuant to the provisions hereof, in each ~ case together with all replacements, additions, alterations and anb- ~ • stitntions thereto and therefor, inclnding withont limitation the bnild- ings and improvementa conatitnting a part thereof, ~?s and to the eg~ent hereinafter provided. Each Leased Parcel is leaaed herennder to the Company subject to the atate of title thereto aa of the date such Leased Parcel becomes subject to the Lease (inclnding any liena, chargea, encwubrances and violations then eaisting in respeat of the same) without any ~varranty or repreaentation, eaprese or implied, of any kind by Propertiea. 6. Tsax eRn Poes$saiox. - The term of the leasehold estate created in the Company bs thia ~ Lease (hereinafter called the "Lease Term") ahall commence simnl- E taneonsly with the first conveyance to Propertiea of title to one of the ~ Leaaed Parceie as hereinabove provided, and ahall continne ~o and in- clude December~l, 2000, unlesa terminated prior thereto as hereinafter ~ provided. Neither Properties nor the Companp shall have any option ~ to renew this Lease. ~ Propertiea agrees to permit the Company to remain in sole and fnll ~ poasession of the Leased Premisea immediately npon the commence- ~ ment of the Lease Term. Propertiea covenants and represents that it ~ ~ has full right and lawfnl anthority to enter into this Lease for the ~ ~ full term hereof, inalnding the grant of the optional righta to pnrchase ~ herein contained; and that so long as the Company shall pay the rent and all other sums payable by it herennder, and ahall dnly observe all _ the covenants, stipnlations and agreements hs*pin contained, obligatory ~ ~ upon it, the Comgany shall have the right, as against Propertiea, and any pereons claiming by, under or throngh Properties~ to have, hold ~ and enjoy, during the Lease Term, peacefnl, qniet and undispnted ~ ~ possesaion of the Leased Premisea aubject to the mattera hereinabove ~ eacepted, and Properties shall from time to time at tbe eapense of the ~ Company take ~11 necPR4ary aetion to that end aa reclne~ted by the ~ ~ Company. ~ ~ , ~ r ~ } ~ ~ ~ ~ ~ ~ ~ . ~ ! t ' ~ t , E~... ~.,~c ~ ~ -'~y ~i~. , i4~8