07/07/1997 Park Board Packet - Laserfiche WebLink

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, n or- about the—leased_G=- p-remises—t L--. i-no�ems--or- to-an--employee,—c-ustomer--or invitee of 10 . ASSIGNMENT AND SUBLETTING. Lino Lakes shall not assign, transfer, mortgage or encumber this lease or sublet or rent or permit occupancy or use of the demised premises , or any part thereof by any third party, without obtaining the prior written consent of Circle Pines . 11. DEFAULT. If Lino Lakes shall fail to pay any yearly installment of rent, or other charges as herein provided although no legal or formal demand has been made therefor, or shall violate or fail to perform any of the other conditions, covenants or agreements herein made by Lino Lakes, Circle Pines may, thirty (30) days after written notice thereof to Lino Lakes by Circle Pines, at the option of Circle Pines, terminate this lease and said notice shall operate as a notice to Lino Lakes to quit (any further notice to quit, or of Circle Pines 's intention to re-enter being hereby expressly waived) and Circle Pines may proceed to recover possession under and by virtue of the provi- sions of the laws of the state. If Circle Pines elects to terminate this lease, all obligations herein contained on the part of Circle Pines to be done and performed shall cease, but without prejudice to the right of Circle Pines to recover from Lino Lakes all past or future rentals and damages . Should this lease be terminated before the expiration of the term of this i -4-