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04-11-1990 Additions
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04-11-1990 Additions
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happening of the injury thereto then and at the Lessee's option in <br />writing, this Lease shall not end or terminate on account of such <br />injury by fire or otherwise, but the rent shall not run or accrue <br />after the injury and during the process of repairs, and up to the <br />time when the repairs shall be completed, except only that the <br />Lessee shall during such time pay a pro -rata portion of such rent <br />apportioned to the portion of the leased premises which are in <br />condition for occupancy or which may be actually occupied during <br />such repairing period. If, however, the leased premises shall be <br />so slightly injured by any cause aforesaid, as not to be rendered <br />unfit for occupancy, then the J,essor shall repair the same with <br />reasonable promptness, and in that case the rent shall not cease <br />or be abated during such repair period. All improvements or <br />betterments except for remodeling placed by the Lessee and which <br />remain the property of the Lessee on the leased premises shall, <br />however, in any event, be repaired and replaced by the Lessee at <br />its own expense and not at the expense of the Lessor. <br />16. SUCCESSOR'S BOUND. It is mutually agreed that all <br />the terms and conditions of this agreement shall extepd, apply to <br />and bind the successors and assigns of the respective parties <br />hereto as fully as the respective parties are themsely *s bound. <br />Lessee may not assign or sublease its interest in this Lease <br />without the prior, written• approval of Lessor. <br />17. TERMINATION FOR CAUSE. If either the Lessor or the <br />Lessee fails to perform any material covenant herein contained, or <br />hereinafter entered into, then the party so failing does hereby <br />authorize and fully empower the other party to terminate and annul <br />this agreement if the same is not cured within fifteen (15) days <br />of written notice sent by certified mail to the defaulting party. <br />In the event of Lessor's failure, Lessor further empowers the <br />Lessee to`quit the leased premises and to declare any and all <br />rents not otherwise due and payable abated. In the event of the <br />Lessee's failure, the Lessee further empowers the Lessor to <br />perfect such removal as it may deem advisable to recovery exclu- <br />sive possession of all of said premises, including any and all <br />improvements, building or otherwise of a permanent nature, upon <br />the premises at that time. <br />18. INSURANCE. The Lessee agrees to obtain insurance <br />for property, casualty, and liability for the Lessee's equipment <br />and supplies, employees and invitees only. The Lessor agrees to <br />obtain insurance for property, casualty and liability for the <br />Lessor's property, equipment and supplies, employees and invitees, <br />the cost thereof to be prorated between the Tenants as set forth <br />in Paragraph 8. The Lessor and Lessee agree to provide each other <br />with a copy of said policy /policies. The Lessor and Lessee agree <br />to include- errors and omissions insurance coverage for the <br />condition of this agreement. Each of the parties hereby release <br />the other party hereto and waives all claimseagainst the other <br />party for damages to its property, real and personal, arising out <br />-5- <br />Page 10 <br />
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