84000491 - Laserfiche WebLink

Browse

~~---~c~a~~~ thraugh.November 30; 19.83, and has retired all bond's scheduled, for retirement: on. or before-that date. As of December'31,, 1383;.-the. Trustee-will then-have nat.iess than $1,601:20 in r the .bond reserve account and the 'unpaid principal balanee.of i the bonds will be $240;000.00. 5: As of December 31;.19:83, any damages or kiss B caused Liy any prior default by lessee in tYie lease terms and f conditions to be performed- by lessee: has-.been cured. or- adequate provision for the curing of the-dame has been reduced to writing-and; signed: by the person or corporation which-will *se responsible°therefesr. Except-far: taxes-, neither the Trustee-nor Ha11 County have or will,have>.pn December 31, 1983; any- then existing claims against the Rea3::: Estate or Erusen which are not expressed in this Substitute:.' Lease Agreement. 6. As of July 3i, 1983, the sublease of he real estate. to-Chief Industries; Inc. is canceled and Eihusen is authorized to-sublease alI or any-part of the premises-to Chicf. A sublease to any other tenant or tenants shall be subject to written approval of CLIC and Trustee which shall not be unreasonably withheld. - B. Eihusen warrants that: 1. By entering. this Substitute Lease Agreement he is assuming the following obligations: Real estate taxes for 1983 and all prior years, which with interest and advertising through 1D/11/83 are: $38,958.23 b. Friar period insurance premiums 7,038:70 (through January 15, 1984) c. Frior gas bill (through October 10,271,46 3i, 1983) d. Trustee's attorneys fees (not mare than equal to) 3,000.00 e. Trustee's fees 1,460.00 0,728: 3 2. He does hereby assume the duties, obligations, rights and privileges of the substitute lessee under the Lease as stated by Article III of this Substitute Lease Agreement.. ARTICLE III LEASE TERMS The Lease defined in paragraph 5 of Article I of this Substitute Lease Agreement having been terminated and being of no further farce and effect, and The lessors intending to Lease the Real Estate to lessee for the benefit of the holders of the bonds; and fine lessors intending that as nearly as practicable the- - terms of .this substitute lease by the same as the terms of the Lease defined in paragraph 5 of Article I of this Substitute Lease Agreement;