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201606626
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Last modified
7/3/2017 5:40:31 PM
Creation date
10/4/2016 3:57:08 PM
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DEEDS
Inst Number
201606626
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201606626 <br />(b) It will not assert, as against any rents becoming due following notice by Bank <br />to Tenant, any set -off, counterclaim or other claim or charge which Tenant may have against <br />Landlord; <br />(c) It will observe and perform all of its obligations under the Lease following <br />notice by Bank to Tenant, notwithstanding any prior default on the part of Landlord, provided that <br />Bank shall remedy such default, or cause same to be remedied, within sixty (60) days after actual <br />notice to Bank thereof (unless such default, if curable, requires work to be performed, acts to be <br />done or conditions to be remedied which by their nature cannot be performed, done or remedied, <br />as the case may be, within such 60 -day period and Bank shall commence to cure such default <br />within such 60 -day period and shall thereafter diligently and continuously process the same to <br />completion); and <br />(d) Unless Bank assumes in writing the obligations of Landlord under the Lease, <br />Bank shall in no event be deemed liable as lessor under the Lease or subject to any obligations of <br />Landlord thereunder. <br />(3) Tenant agrees that, without the prior written consent of Bank in each case, Tenant <br />shall not (a) amend, modify, terminate or cancel the Lease or any extensions or renewals thereof, <br />or tender a surrender of the Lease, (b) make a prepayment of any rent or additional rent more than <br />one (1) month in advance of the due date thereof, or (c) subordinate or permit the subordination of <br />the Lease to any lien subordinate to the Security Instrument. Any such purported action without <br />such consent shall be void as against the holder of the Security Instrument. <br />(4) To the extent that the Lease shall entitle Tenant to notice of the existence of any <br />Security Instrument and the identity of any mortgagee or any ground lessor, this Agreement shall <br />constitute such notice to Tenant with respect to the Security Instrument and Bank. <br />(5) EACH OF TENANT AND LANDLORD HEREBY IRREVOCABLY <br />WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, PROCEEDING OR <br />COUNTERCLAIM ARISING OUT OF OR RELATING TO THIS AGREEMENT. <br />(6) The provisions of the Agreement shall be binding upon and inure to the benefit of <br />the parties hereto and their respective successors and assigns. The words, "Bank," "Landlord" <br />and "Tenant" shall include their respective heirs, legatees, executors, administrators, beneficiaries, <br />successors and assigns. <br />(7) Any notices, communications and waivers under this Agreement shall be in <br />writing and shall be (i) delivered in person, (ii) mailed, postage prepaid, either by registered or <br />certified mail, return receipt requested, or (iii) by overnight express carrier, addressed in each case <br />as follows: <br />To Bank: <br />CHI 67442063v4 <br />Ally Bank <br />6985 Union Park Center, Suite 435 <br />Midvale, UT 84047 <br />Attention: Gregory Behrmann <br />3 <br />
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