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2021 34 RESOLUTION
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2021 34 RESOLUTION
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3/3/2023 1:24:52 PM
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Legislation-Meeting Minutes
Document Type
Resolution
Number
2021 34
Date
10/18/2021
Year
2021
Title
6536 WILSON MILLS - OLIVO LEASE
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days after receipt of notice thereof, if the default relates to matters other than <br />the payment of rent (but LESSEE shall not be deemed in default if LESSEE <br />commences to remedy said default other than related to payments of rental <br />within said thirty (30) day period and proceeds therewith with due diligence), <br />LESSOR may, by notice to LESSEE, terminate this Lease, or without <br />terminating this Lease, enter the PREMISES by summary proceedings or <br />otherwise, and in either event, may dispossess LESSEE. In the event of such <br />re-entry, LESSOR may relet the PREMISES and apply the rent therefrom first <br />to the payment of LESSOR'S expenses incurred by reason of LESSEE'S <br />default and the expenses of reletting and then to the payment of rent and all <br />other sums due from LESSEE hereunder, LESSEE remaining liable for any <br />deficiency, for loss of rent by a payment at the end of each lease month equal <br />to the difference between LESSEE'S rental obligation and the rents actually <br />derived from the PREMISES by the LESSOR for such month. All remedies <br />herein provided shall be in addition to, and not in substitution for, any remedies <br />otherwise available to LESSOR. <br />19. LATE CHARGES. The rental installment, including increases, is due in <br />accordance with the provisions set forth herein above. If said installments are <br />greater than fifteen (15) days past due, the LESSOR may charge the LESSEE <br />a penalty of fifteen dollars ($15.00) per calendar day for every day that <br />exceeds the fifteen (15) day period. Said penalty, if charged, shall be deducted <br />from any subsequent installments first and the balance of said installments <br />shall be applied to rental payments. This provision shall be applied also to <br />partial installments of rents and or failure to pay any increases in rents after <br />notices thereof, or initial recompense assets for the above. <br />20. NOTICES. Any notice or consent required to be given by or on behalf of either <br />party upon the other shall be in writing and shall be given by mailing such <br />notice or consent by registered or certified mail addressed to the other party at <br />the address herein before specified and or the PREMISES, or at such other <br />address as may be specified from time to time in writing delivered to the other <br />party. <br />21. WAIVER. No waiver of any condition of legal right or remedy shall be implied <br />by the failure of LESSOR to declare a forfeiture by course of dealing, or by <br />LESSOR'S waiver of any other default of LESSEE'S hereunder, and no waiver <br />of any condition or covenant shall be valid unless it be in writing signed by <br />LESSOR. <br />22. LEASE INURES TO BENEFIT OF ASSIGNEES. This Lease and all the <br />covenants, provisions and conditions herein contained shall inure to the benefit <br />of and be binding upon the heirs, personal representatives, successors and <br />assigns respectively of the parties hereto, provided, however, that no <br />assignment by, from, through or under LESSEE in violation of the provisions <br />hereof shall vest in the assigns any right, title or interests whatever. <br />N <br />
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