My WebLink
|
Help
|
About
|
Sign Out
Browse
200800521
LFImages
>
Deeds
>
Deeds By Year
>
2008
>
200800521
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/23/2008 8:37:34 AM
Creation date
1/22/2008 5:00:55 PM
Metadata
Fields
Template:
DEEDS
Inst Number
200800521
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
10
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
Show annotations
View images
View plain text
<br />200800521 <br /> <br />2k€>Jv23 <br /> <br />2, 1997, with a term of twenty (20) years; (e) the Lease contains three (3) options to extend or <br />renew the Lease for a period of five (5) years per renewal term; (f) Tenant has no claim to or <br />interest in the Leased Premises, legal or equitable, or any contract or option thereof other than as <br />a Tenant under the Lease and the Lease does not contain, and Tenant does not otherwise have, an <br />outstanding option to purchase the Leased Premises; and (g) Landlord is not in default of any of <br />its obligations under the Lease, and, to the best of Tenant's knowledge, no event has occurred <br />which, with notice, the passage of time or both, would constitute a default in any of Landlord's <br />obligations under the Lease. <br /> <br />Section 2. In the event Lender notifies Tenant in writing that Landlord is in default <br />under the Deed of Trust and demands that payment of all future rentals be made directly to <br />Lender, Tenant shall honor such demand and pay the full amount of its rent and all other sums <br />due under the Lease directly to Lender or as otherwise instructed by Lender pursuant to such <br />notice, beginning with the payment next due after such notice of default. Landlord hereby <br />consents to such payment and agrees that Tenant shall not be liable to Landlord for any rental <br />payments actually paid to Lender pursuant to this Section. <br /> <br />Section 3. Tenant agrees and acknowledges that from and after the date hereof, in the <br />event of any act or omission by Landlord which would give Tenant the right, either immediately <br />or after the lapse of time, to terminate the Lease or to claim a partial or total eviction, Tenant will <br />not exercise any such right (i) until it has given written notice of such act or omission to Lender, <br />said notice to be provided simultaneously with notice to Landlord, and (ii) until the same period <br />of time as is given to Landlord under the Lease to cure such act or omission shall have elapsed <br />following such giving of notice to Lender and following the time when Lender shall have <br />become entitled under the Deed of Trust to remedy the same, said period of time to be no more <br />than 30 days. In no event will Tenant exercise any such right less than 30 days after receipt of <br />such notice or prior to the passage of such longer period of time as may be necessary to cure or <br />remedy such default, act or omission including such period of time necessary to obtain <br />possession of the Premises and thereafter cure such default, act or omission, during which period <br />of time Lender shall be permitted to cure or remedy such default, act or omission. <br />Notwithstanding the foregoing, Lender shall have no duty or obligation to cure or remedy any <br />breach or default; provided, however, notice of Lender's intentions to cure or remedy will be <br />provided to Tenant on or before the expiration of Lender's 30-day cure period. It is specifically <br />agreed that Tenant shall not, as to Lender, require cure of any such default which is personal to <br />Landlord and therefore not susceptible to cure by Lender. <br /> <br />Section 4. The Lease and all right, title and interest of Tenant in, to and under the Lease <br />(including, without limitation, all options or rights of first refusal to purchase the Leased <br />Premises) are now, and shall at all times continue to be, unconditionally subject and subordinate <br />in each and every respect, to the Deed of Trust and to any and all renewals, modifications, <br />extensions, substitutions, replacements and/or consolidations of the Deed of Trust. <br /> <br />Section 5. If Lender shall become the owner of the Leased Premises, or if the Leased <br />Premises shall be sold by reason of foreclosure or other proceedings brought to enforce the Deed <br />of Trust, or if the Leased Premises shall be transferred by deed in lieu of foreclosure, then (i) the <br />Lease shall continue in full force and effect as a direct lease agreement between Tenant and the <br /> <br />NEWYl\8167124.4 <br /> <br />2 <br />
The URL can be used to link to this page
Your browser does not support the video tag.