01-08-1997 Council Agenda - Laserfiche WebLink

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3. This Lease shall expire automatically without notice to either party on May 31, 1997. Lessee agrees that it shall vacate the premises and shall have the right to remove all personal property from the premises on or before May 31, 1997. Within ten (10) days of the termination of the Lease, Lessee shall execute and deliver a Bill of Sale conveying and warranting any and all remaining personal property to Lessor free of any liens. 4. Lessor acknowledges the receipt of the sum of Five Thousand Four Hundred and no /100 Dollars ($5,400.00) from Lessee on even date herewith, which represents the entire amount of rent due and owing for the period from December 27, 1996, through March 31, 1997. Rent for any period after March 31, 1997 shall be payable monthly in advance. In the event that Lessee vacates the premises before the end of a month, Lessor shall refund to Lessee an amount equalling the rent payment for any days during which Lessee at no time occupies the property. Lessee shall have the right to terminate this lease at any time before May 31, 1997 by giving lessor written notice to such effect. 5. During the period of the Lease, Lessee shall hold Lessor harmless and shall indemnify Lessor as to any claims, damages, or injuries resulting from Lessee's occupation and use of the property and improvements to the property. 6. During the period of the Lease, Lessee shall provide at Lessee's expense property insurance, commercial general liability insurance, and automobile liability insurance for all vehicles located on the property. The insurance shall remain in effect for the duration of the Lease and written verification of insurance shall be provided to Lessor. Lessor shall be named as an additional insured on Lessee's commercial general liability insurance and Lessee shall pay any resulting additional cost. 7. During the period of the Lease, Lessee shall not enter into any sublease or allow any lien or interest to attach to the property. Lessee shall pay all expenses for the maintenance and use of the property during the period of the Lease. 8. Lessor acknowledges the receipt of the sum of One Thousand and no /100 Dollars ($1,000.00) from Lessee on even date herewith. This sum shall be held by Lessor as security for the payment of any sewer and water charges accruing to the property during the period of the Lease and shall be returned to Lessee within ten (10) days of the expiration of this Lease upon confirmation that all sewer and water charges have been paid and that no liens affecting the property have been incurred. 2 Page 24