05-13-1987 Additions I - Laserfiche WebLink

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The Lessor shall have the right to examine and retain for its own use any material and equipment removed from the facility because of approved remodeling. Lessor shall be respon- sible for storage and /or removal of any material or equipment retained. The Lessee shall be responsible._for removal from the site for all other unwanted material and equipment resulting from such remodeling. The Lessor shall make available to the Lessee all available architectural drawings needed by Lessee for approved alterations to the facility. 20. SUBORDINATION, ATTORNMENT AND NON - DISTURBANCE. Lessee agrees that this Lease is, and shall be subordinate or superior, at the option of Lessor, to any mortgage, and to all renewals, modifications, consolidations, replacements, and extensions thereof, to the full extent of the principal sum secured thereby and interest thereon, to the extent such mortgage affects the Leased Premises or the Center; and such,subordination or superiority, depending on Lessor's election from time to time, shall be effective without any further act by Lessee. Lessee further agrees that.it will attorn to and recognize any purchaser at a foreclosure sale of such mortgage, or any transferee who acquires the Leased Premises by Deed in lieu of foreclosure, and the successors and assigns of such purchasers, as its Lessor for the unexpired balance or the term of this Lease and extensions, if any. Lessee further agrees that in the event that a mortgagee shall succeed to the interest of Lessor under this Lease, such mortgagee shall not be: liable for any act or omission of any prior Lessor, including Lessor, liable for the return of any security deposit; subject to any off -sets or defenses which Lessee may have against any prior Lessor, including Lessor, bound by any rent or additional rent which Lessee may have paid for more than the current month to any prior Lessor, including Lessor, bound by any amendment or modification of this Lease made without its consent. Lessee further agrees to execute any and all further documents or instruments in addition to this Lease which may be deemed necessary requisite or desired to effectuate said subordina- tion and attornment. The agreements and obligations of Lessee set forth in this paragraph are undertaken by Lessee with the express understanding for the benefit of Lessee that in the event of foreclosure of any mortgage covering the Leased Premises, or the entire development, or acquisition thereof by deed in lieu of foreclosure, the mortgagee, its successors and assigns, will not terminate this Lease, nor join Lessee in summary or foreclosure proceedings, provided, Lessee shall continue to perform all of the covenants and conditions of this Lease and shall not be in default hereunder. 21. APPLICABLE LAW. The laws of the State of Minnesota shall govern the validity, performance and enforcement of this Lease. Page 12 -6-