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201400735
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Last modified
8/19/2014 2:25:27 PM
Creation date
2/7/2014 4:46:04 PM
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DEEDS
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201400735
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201400735 <br />or instrument heretofore or hereafter arising against the Property; <br />4. Lessor, its agents and assigns, shall have full access upon the Property to inspect, repair, <br />rebuild, disassemble, or remove the Facility without further notice to, or further permission of, <br />charge for, or obligation to, the Parties, and in the event of default by Lessee in the payment or <br />performance of any of Lessee's obligations and liabilities to the Lessor, Lessor may, at its option, <br />remove the Facility or any part thereof from the Property without objection, delay, hindrance or <br />interference by the Parties, and in such case, the Parties (other than the Lessor) will make no <br />claim or demand whatsoever against the Facility; <br />5. Subject to Paragraph 6 below, the Facility may remain on the Property without charge <br />throughout the term of the Lease and thereafter so long as Lessor (and/or Lessor's assigns) <br />retains an interest in the Facility; <br />6. Mortgagee agrees that, if it sells the Property at foreclosure sale, takes title to the Property <br />under any deed in lieu of foreclosure or the like, it shall do so subject to the terms of this <br />Agreement, provided, however, that following any such sale or transfer of title to the Property, <br />Mortgagee or any third -party purchaser of the Property may, within 30 days after such sale or <br />transfer of title, give Lessor written notice directing removal of the Facility, in which case Lessor <br />shall either remove the Facility within 90 days after its receipt of such notice or forfeit its interest <br />in the Facility, and in the event that no such notice is timely given, the Facility may remain on <br />the Property subject to Lessor's interest in the Facility, and this Agreement shall remain in full <br />force and effect according to its terms; and <br />7. Lessor and Lessee may agree, without affecting the validity of this Landlord and Mortgagee <br />Waiver, to extend, amend or in any way modify the terms of payment or performance of any of <br />the Lessee's obligations and liabilities to Lessor, without the consent and without giving notice <br />thereof to the other Parties. <br />All of the Parties agree that the Lessor may sell, transfer, convey, or assign its interest in the <br />Lease to any other persons or entities and that the terms of this Landlord and Mortgagee Waiver <br />will remain fully valid and in effect and binding upon the Parties for the benefit of such <br />above - referenced persons or entities. <br />This Agreement shall expire and be of no further effect at such time (and only at such time) that <br />Lessee duly closes upon the purchase of the Facility under any applicable purchase option <br />contained in the Lease or as otherwise agreed by Lessor at it sole and absolute discretion. <br />This Landlord and Mortgagee Waiver binds all of the Parties, their heirs, personal <br />representatives, successors and assigns and shall inure to the benefit of Lessor, its successors and <br />assigns. <br />Landlord and Mortgagee Waiver - Facility Lease (10/01/2013) <br />Contract N001- 0037899.000 Page 2015 <br />
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