97-067 Ordinance - Laserfiche WebLink

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Lessor to be performed, fulfilled and kept shall terminate as to all purposes whatsoever, and it shall be lawful for the Lessor to re-enter, repossess and enjoy the premises of the Lessor's former estate and interest therein; and (3) enter upon the premises, sublet the premises to third parties, and apply the net rents in partial or complete satisfaction of the obligations of the Lessee without causing a forfeiture of this lease. The election of remedies (2) and (3) above provided shall not bar Lessor from recovery of the full amount of any sums of money due it under this lease up until the date of the termination of this lease. B. In no event shall Lessor be entitled to exercise Lessor's rights set forth in subparagraph 24. A., except after written notice of said default setting forth the default complained of, and after the Lessee shall have failed to cure said default within thirty (30) days of the delivery of said notice. 25) Notice of Forfeiture. In no event shall a default or forfeiture be declared under this lease for any cause whatsoever except after thirty (30) days written notice having been given to Lessee by Lessor in the manner outlined below. Said notice shall set forth the ground for forfeiture of which complaint was made, and the lessee shall have the right at any time during said 30-day period to remove said ground for forfeiture by performance of the neglected duty. Lessor shall concurrently give like written notice to such mortgagee or mortgagees appearing as such upon the mortgage records in the office of the Recorder of the county wherein the demised premises are located, by mailing such written notice to the address furnished in writing to Lessor by such mortgagee or mortgagees. Thereupon, said mortgagee or mortgagees shall have like opportunity to remove said ground of forfeiture by performance of the neglected duty within said 30-day period. 26) Lessor's Title Upon Forfeiture and Re-Entry. In the event of a forfeiture and re- entry as hereinbefore provided, the title and interest of the Lessor in the demised real estate shall be the same as the title and interest owned by Lessor at the date of the execution and delivery of the original lease, between these parties, and shall include all appurtenant property now on said demised real estate or hereafter placed upon said demised real estate. In addition, all liens, claims and mortgages created or given by the Lessee upon the demised real estate shall terminate upon such forfeiture. 27) Assignment. Subject to the provisions of Paragraph 28. hereof, Lessee shall have 11