CC PACKET 08271996 - Laserfiche WebLink

Home Browse Search

City of St. Anthony School District #282 • Page 8 property in or about the leased premises and to defend and indemnify Landlord with respect to any actions, suits or claims relating to any injury, death or property damage within the leased premises, except the Tenant accepts no responsibility and does not hold harmless such claims as could be a result of the fountain. All property kept, stored, or maintained in the leased premises shall be so kept, stored, or maintained at the sole risk of Tenant. Tenant agrees to pay all sums of money in respect of any labor, services, materials, supplies or equipment furnished or alleged to have been furnished to Tenant in'or about the leased premises which may be secured by any mechanic's, materialmen's or other lien against the leased premises or the Landlord's interest therein and will cause each such lien to be discharged at the time performance of any obligation secured thereby matures, provided that Tenant may, upon depositing and maintaining with Landlord a sum reasonably satisfactory to Landlord to protect Landlord's interest in the leased premises from such lien, contest such lien, but if such lien is reduced to final judgement or process thereon is not stayed, or if stayed and said stay expires, then and each such event Tenant shall forthwith pay and discharge said judgement. Landlord shall have the right to post and maintain on the leased premises, notices of non-responsibility under the laws of Minnesota. ARTICLE 17. SUBORDINATION. At the request of any mortgagee or ground lessor, this Lease may be subject and subordinate to any mortgage or ground lease which may now or hereafter encumber the Building, and Tenant will execute, acknowledge and deliver to Landlord any document requested by Landlord to evidence the subordination. Such subordination is on the condition that Tenant's right of possession of the leased premises as provided .in this Lease will not be distributed by the mortgagee or ground lessor so long as Tenant is not in default under this Lease. If the interest of Landlord is transferred to any party by reason of foreclosure of a mortgage or cancellation of a, ground lease, or by delivery of a deed in lieu of foreclosure or cancellation, Tenant will immediately and automatically attorn to such party. Tenant agrees that upon notification by Landlord or any mortgagee or ground Landlord of the election of a mortgagee or ground lessor to subordinate its interest in the leased premises to this Lease, this Lease will become prior to the mortgage or ground lease. ARTICLE 18. GENERAL. • This Lease does not create the relationship of principal and agent or of partnership or of joint venture or of any association between Landlord and