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200511358
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200511358
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Last modified
11/17/2005 9:12:07 AM
Creation date
11/17/2005 9:12:06 AM
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DEEDS
Inst Number
200511358
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<br />200511358 <br /> <br />2. Lender agrees that in the event of foreclosure of the Security Instrument, or <br />other enforcement of the terms and conditions of the Security Instrument or the exercise <br />by Lender of its rights under the Assignment, or if Lender comes into possession or <br />acquires title to the Premises as a result of foreclosure or the threat thereof, or as a result <br />of any other means, such action shall not result in either a termination of the Lease or a <br />diminution or impairment of any of the rights granted to Tenant in the Lease or in an <br />increase in any of Tenant's obligations under the Lease, including but not limited to <br />provisions in the Lease dealing with condemnation, fire and other casualties. <br /> <br />3. Tenant agrees with Lender that if the interest of Landlord in the Premises <br />shall be transferred to Lender by reason of foreclosure or other proceedings, or by any <br />other manner, or in the event of a foreclosure sale of the Premises to any other person, <br />firm, or corporation, then in any of said events, Tenant shall be bound to Lender or such <br />purchaser, grantee or other successor to Landlord's interest ("Successor Landlord") under <br />all of the terms, covenants and conditions of the Lease for the balance of the term <br />remaining and any extensions or renewals thereof which may be effected in accordance <br />with any option therefor in the Lease, with the same force and effect as if the Successor <br />Landlord were the landlord under the Lease. Tenant does hereby agree to attorn to the <br />Successor Landlord. <br /> <br />4. At such time that Successor Landlord succeeds to the interest of Landlord <br />under the Lease, Successor Landlord shall be bound to Tenant under all of the terms, <br />covenants and conditions of the Lease for the balance of the term remaining and any <br />extensions or renewals thereof which may be effected in accordance with any option <br />therefor in the Lease; provided, however, Tenant agrees that a Successor Landlord shall <br />not be: <br /> <br />(a) personally liable for any act or omission of any prior landlord under the <br />Lease; <br /> <br />(b) bound by any base rent or additional rent which Tenant may have <br />paid for more than the current or next succeeding month to any prior <br />landlord; or <br /> <br />(c) obligated to perform any work in the Premises or any part thereof, <br />other than such work which is required to be performed by Landlord <br />under the Lease. <br /> <br />5. Tenant will notify Lender of any default of Landlord under the Lease which <br />Tenant believes would entitle it to cancel the Lease or abate the base rent or additional <br />rent payable thereunder, and agrees that no notice of cancellation thereof nor any such <br />rent abatement shall be effective against Lender unless Lender has received the notice <br />aforesaid and has failed to cure the default within the longer of thirty (30) days after such <br />notice or such period of time following such notice as Landlord has to cure the default <br />2 <br />
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