CC PACKET 09081992 - Laserfiche WebLink

Home Browse Search

12. QUIET ENTOYMENT. • Lessor agrees and covenants that Lessee, on paying the rent and gr P Yl g performing the covenants aforesaid, shall and may peaceably and quietly have, hold and enjoy the Leased Premises for the term aforesaid, except as in this Lease otherwise provided. 13. BOND AGAINST LIENS. .It is understood and agreed with respect to all alterations and repairs, improvements or alterations to the Leased Premises, or any part thereof, which shall only be with the written consent of Lessor as set forth above, that Lessee shall and will in each instance save Lessor and the Leased Premises forever harmless and free from all costs,,damages, loss and liability of every kind and character which may be claimed, asserted or charged, including liability to adjacent owners based upon the acts of negligence of Lessee or its agents, contractors or employees, or upon the negligence of any other person or.persons in or about the Leased Premises or upon the failure of any of said parties to observe and comply with any requirement of the law or with the regulations of the authorities in the City of St. Anthony and will preserve and hold Lessor and the Leased Premises forever free and clear from liens for labor and material furnished. Lessee further agrees that it will from time to time before making any such repairs, improvements or alterations furnish Lessor with a bond in an amount reasonably satisfactory to Lessor conditioned for the • performance by Lessee of the matters and things in this Section required to be done by Lessee. 14. RIGHT OF RE-ENTRY: SUBLEASING AND TERMINATION OF LEASE UNDER BANKRUPTCY. It is further agreed between Lessor and Lessee that this Lease is made upon the condition that if Lessee shall neglect or fail to keep, observe and perform any of the covenants and agreements contained in this Lease, which are to be kept, observed or performed by Lessee, or if the leasehold interest of Lessee shall be taken on execution or other process of law, or if-Lessee shall petition to be or be declared bankrupt or insolvent according to law, or if Lessee shall vacate the Leased Premises or abandon the same during the term of this Lease or cease to operate the restaurant at the Leased Premises as required herein during the term of this Lease, then and in any of said cases, Lessor may immediately or at any time thereafter, demand, enter in and upon the Leased Premises, or any part thereof, in the name of the whole, and take absolute possession of the same fully and absolutely, without such re-entry working a forfeiture of the rents to be paid and the covenants to be performed by Lessee for the full term of this Lease, and may at Lessor's election lease or sublet the Leased Premises, or any part thereof, and after crediting the rent actually collected by Lessor from such reletting on the rentals stipulated to be paid under this Lease by -7-