HomeMy WebLinkAbout1242 i
i
I
-
14-C2 ~
.i
full amount of the cost and expense so incurred si~alt immediately be owing by Landlord i
to Tenant, and Tenant shall have the right and !s hereby irrevocably authorlxed and
directed to deduct such amount from the rent. No delay on the part of either party
in enforcing any of the provisions of this lease shall be considered as a waiver ;
thereof . ~
TITLE AND POSSESSION }
19. (a) Landlord covenants, represents and warrants that i.andlo rd has legal
title to the entire property shown on said attached plan and the rlgl~t to make this
lease, that said entlre property is now free and clear of all liens, encumbrances and
restrictions, except:
I~liTfAi.
For those set forth in Chicago Title Insurance OanQany Canittment
For Title Insurance Number F1-001-10-13-8326, attached hereto and
n~cle apart hereof and designated Exhibit "D", none of which will
. affect any rights granted under this lease.
i
• !
and that upon paying the rents and keeping the agreements of this lease on its part
to be kept and performed, Tenant shall have peaceful and uninterrupted possession '
during the continuance of this lease. Landlord shall furnish Tenant satisfactory
evidence of Landlord's title.
(b) If at tl~e time of. delivery of possession of the leased premises- to
- Tenant, the entlre property shown on said attached plan, or any part thereof, is
- subject to any mortgage, deed of trust or other encumbrance In the nature of a
i
j mortgage, which is prLor and superior to this lease, It Is a further express
j condition hereof that Lancitord shall thereupon furnish and deliver to Tenant, !n form t
and substance acceptable to Tenant, an agreement executed by such mortgagee or trustee,
either (i) making such mortgage, deed of trust or other encumbrance In the nature of
a mortgage subject and subordinate to-this lease and to the leasehold estate created
hereby and to alt of Tenant's rights hereunder, or (II) obllgatLng such mortgagee or
trustee to be bound by this lease and by all of Tenant's rights hereunder, provided
that Tenant Is not then In continued default, after notice, in the payment of rents
or otherwise under the terms of this lease.
REAL ESTATE TAXES
20. (a) If tl~e general real estate taxes (excluding all special benefit taxes
and special assessments) levLed and assessed against the land and buildings shown on
Exhibit "B" for tl~e second full tax year _Eor which such taxes shall have• been initially
levLed and assessed against said land and buildings as fully completed, or Eor any
tax year thereafter during the term, shall be increased over such taxes levied and
assessed Eor the first full tax year for which such taxes shall have been so inltlally
levied and assessed, then and !n such event, and upon request from Landlord, accompanied
by a paid tax-hill or photocopy thereof, Tenant shall pay to landlord the amount of
~ such Increase multiplied by a fraction the numerator of which shall he tl~e square
~ foot floor area of the leased premises and the denominator of which shall be the
square foot floor area in all buildings as shown on said Fxhlhit "B".
~ It !s Further understood that any liability hereunder for any period z
in which the lease term shall not cover an entlre tax year shall he properly
prorated to reflect the period of Tenant's possess ton under this lease-. ~
1
• INITIAL
cc~~
-g BOOK P4GE1.~,~2 ' ,