HomeMy WebLinkAbout0471 { .r..
L"r:11SE - P~zga Eig:-~t
11.
Di:S'ii'.G%:'iIO:~: GT` i3JIL7E;:GS
1. Should the builGitlgs on the pre;:is•~s be pzr-
tially or totally destroyed by Piro or a:~y other c~:sc:alty
during the terra of this Lease, Less~~~ s::al~,~ ~s far as
practicable, rebuild the buildings to heir cor3itio:: prior
A
to the destruction. In case the buildings or u, ;~a:t ti;~reof
shall be destroyed or so damaged by fire or otre~ uravoiu ble
casualty so as to be t;r.f i t £or co:apletc occupancy and us~~~ ,
only a just and proportional part of t:~e~re:.ts here3y re-
s~~rved shall k~e paic: h,~ L..sse~ until t~::i?dings have
been rebuilt er res: c~rcu by Lessee for cc oiete oscup~~rcy
and use by Lessee, ~.nen the fu~.l rent pro~.-i.ded r.Lir~~i:.
shall resume. Zn c<<<:4 the buildings sha12 destroyod
or damaged by fire or other casu~:~t•. s:~ ~:~~:t sev`nt~~-fil~:~
percent (75u) of laic: buildzngs shall 9e i::tfit for occupancy
and use then, in that event, Lessee will be allow°ec, nir.~:ty
(90) days within which to decide cahetner it :tiill rebuild
the buildings to their condition prior to tiie des ruction
or will terminate the Lease; in case the buildings are
so destroyed that seventy-five percent (75~) of the buiyc-
ing is unfit for occupancy and use, t.1en Lessee shall
not be liable for payment of rent until the buildings
shall be restored to usable condition; further, in the
event Lessee decides not to rebuild the buildings tY~.en
upon written notice to Lessor, as provic•~d herein, the
Lease shall be terminated and shall be of no further force
or effect and Les.~e~~ covenants t:~at witi.ia sixty (u0)
days Oi 1tS 4lritti nU~1CC t0 Lessor .`.O C~'rRlllla::C t~a:.S
lease, Lessee will level, clear and re.:.cvo all debris
and construction r,~ut~~rial, including fo:::auations , an3
r.~,~~ ~,<<.,~...,. ~f~,~~ ~ ~~~-o aa~K32O PacE 469