|
: under repair, and Lessee shall be responsible for the costs of repair n()t Covered by
<br />insurance.
<br />13-EminentDomain, If the prernises or any Part thereof or any :state therein. Or any (',ihc r
<br />Par1l of the building materially affecting Lessee's use Of the Promises. shall be taken, by erns'
<br />.
<br />domain, this lease shall terminate 6n the date when title !,tests ourSL)ant tC, Th
<br />and any additional rent, shall be apportioned as of the termination dale, and inv I rent pi J1'-;.
<br />any rertod beyond that date shall be repaid to Lessee, Lessee shall not be entitled to any part
<br />,,if the , award for such taking or any Payment in lieLl' thereof, but Lessee may file a clairr, for ar-r-,
<br />, A.
<br />tak,ng Of fixtui-es and impy
<br />r0w3ments iyAmed by Lessee, and for rnoving expenses,
<br />14, Destruction of Promises. In the event of a partial destruction of the prer-iisfas it,p
<br />t',!�711 heeof; frorril - I i_
<br />DnY cause, Lessor shall forthwith repair the sarne, prnv'
<br />ided that such-repan---,
<br />can be made within sixty- (60) dc-lys Linder existing govern mental laws and regulations, but I s u c h
<br />partial destruction shall not terminate this lease, except that Lessee shall be entifled to a
<br />proportionate reduction of rent while such repairs are being made, based upon the extent to
<br />which the making of such repairs shali interfere with the business of Les-see of) the prernl*ses ff
<br />such repairs cannot be Made within said sixty r6W) days, Lessor, at his option, may make lht:
<br />sane within a reasonable tirne, this lease continuing in affect with the rent proportio, a-ely
<br />n .1 k
<br />abated as aforesaid, and in the event that s all riot eleCt to make such repa?rs %;hicih
<br />Lessor h
<br />cannot be rnride with"' sixty (60) days, thics lease may be terminit-U(I at the optio of el , er ly.
<br />In the event fliat the building in ' n I th oar
<br />which the demised premises May be situated is destroyed t'G
<br />-axtent of not less than one-third of the replacement costs thereof, Lessor nnay elect to termir-tate
<br />this lease whether the demised premises be injured or not, A too a' destruction of the Mlillding n
<br />which, ihe Premises may be situated shall terminate this lease
<br />15. Lessor's Remedies on Default. If Lessee defaults in the payment of rent. or any additic-roar
<br />rent, or defaults in the performance of any of the other covenants or conditions hereof, Lesso-
<br />may give Lessee notice of such default and if Lessee does not cure any such default within 5
<br />rays: after the giving of such notice 101- if sLc
<br />,h
<br />other default is of such nature that it cannoi t)e
<br />Completely Cured within such period, if Lessee does riot co�-nmerice Such curing within Such 5
<br />days and thereafter proceed with reasonable diligence and in good fiait'
<br />I 1-r! TO cure sucti def,@,Wlr,
<br />alen LeSsior miay terminate this lease on not less than 30 days' r-Otice to Lessee. Or, the dot
<br />Specified in such notice the term of lhts lease shall terminate, anfil [-essee shall ther, at.0 an3d
<br />31.1li-en;der, the Premises to Lessor. wo-iout extinguishing Lessee's liabililfy, if; I s leas - sl n
<br />Ill all have
<br />been so terminated by Lessor, Lessor may at any time thereafter resume Possession of the
<br />premises by any lawful rnearis and remove Lessee or other occupants and their effects, No
<br />failure to enforce tiny term shall be deemed a waiver.
<br />16. Security Deposit. Lessee shall deposit with Lessor, on the signing of this lease the sun-i crr
<br />1, 500 Dollars ($1500) as security for the performance of Lessee's obligations under this lease .
<br />including without limitation the surrender of possession of the prernises to Lessor as herein
<br />provided. If Lessor applies any part of the deposit to cure any default of Lessee. Lessee shall
<br />an demand deposit with Lessor the amount so applied so that Lessor shall have the full deposit
<br />on hand at all times during the term of this lease,
<br />17. Tax Increase. in the event there, is any increase during any year of tjie term of this jease ij,
<br />the State feEll --State taxes over and above the amount of such taxes assessed fL- the lay
<br />y
<br />dtiring whi(ji the term of this lease commences, whether because Of increased rate or
<br />Lessee shall pay to Lessor upon presentation of paid tax bills an amount equal to 01;% percent
<br />k'O%) of the increase in taxes upon the land and building in Which the leased premises . are
<br />twj c-n P
<br />1--trjf- A of 5
<br />
|