City Council Agenda and Packet 1979 06 05

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stun o£Ore Thotasnd Four Hundred &Fifty-go e a. LVUS1 wilb ar r($L WM1&. 25 ) =a{t:;f%xlly comply wi tn all the covenants, condition and agreements of this Lease on Tenant's part to be performed, the mild deposit or any balance thereof shall ^e returned to Tenant after the time fixed as t^e expiration of the term hereby originally granted and after a rea::ona:1e -ime and opportunity shall have been had thereafter to inspect the said premises for the purpose of determining whether the terms, co:•enants and conditions hereof i.ave ::.een fully performed and observed gut Tenant snail not be entitled to any interest on said deposit. In the absence of evidence satisfactory to Landlord of an assignment of the right to receive said deposit or any balance thereof, Landlord shay return said deposit to the Tenant originally named herein, regardless of one or more assignments of this Lease. It Landlord shall sell the Center and the land on which it stands, or shall lease the Center and said land, or shall otherwise assign or dispose of this Lease, Landlord may assign and turn over the said deposit or any balance thereof to Landlord's grantee, lessee or assignee, and Tenant hereby releases and relieves Landlord tram any and all liability for the return of said deposit and shall look therefor solely to said grantee, lessee or assignee; it being expressly agreed that this provision shall apply to each and every sale, conveyance or lease of the Center and said land, or assignment or disposition of this Lease. ARTICLE 6. SHORT FORM LEASE This Lease 3ha11 not be filed for record. If recording of same is desired by either party, the parties will execute a short form of Lease for such purpose. ARTICLE 7. LATE CHARGES It is further understood and agreed that the Landlord may without in any way waiving its right to declare a default hereunder make a late charge which shall be in the amount of ten percent (10%) of any monthly rent installment, including percentage rent due, which is delinquent thirty (30) days or more. ARTICLE 8. ASSOCIATION It is contemplated that the Tenants in the Center will form a Merchants' Association and Tenant expresses an intent to join same and to cooperate therewith in all reasonable things not in conflict• with the provisions of this Lease, or, in Tenant ' s opinion, detrimental to Tenant's business. ARTICLE 9. IN UR,Ai:CE EXCESS The Tenant agrees to pay additional ren: equal to any Increase in premiums for insurance against loss 'r fire, windstorm, hail or public liability that may be charged during the term of this Lease on the amount of insurance carried by the Landlord on said premises. The Tenant shall not install any electrical equipment treat overloads the tririn;;, panels, etc. in the herein der iced premises Jut instead the Tenant agrees to make at his own expense whatever cn:;nges are necessary to relieve any overloaded condition and to comply with the requirements of the insurance underwriters or an-, -overnmental guthors ' ies having . jurisdiction thereof.