THAT IF DEFAULT BE MADE IN ANY OF THE COVENANTS HEREIN CONTAINED,
THEN IT SHALL BE LAWFUL FOR THE SAID LANDLORD TO RE-ENTER THE SAID PREMISES, AND
THE SAME TO HAVE AGAIN, RE-POSSESS AND ENJOY.
16TH:
THAT THIS LEASE SHALL NOT BE A LIEN AGAINST SAID PREMISES IN RESPECT
TO ANY MORTGAGES THAT ARE NOW ON OR THAT HEREAFTER MAY BE PLACED AGAINST SAID
PREMISES, AND THAT THE RECORDING OF SUCH MORTGAGE OR MORTGAGES SHALL HAVE
PREFERENCE AND PRECEDENCE AND BE SUPERIOR AND PRIOR IN LIEU OF THIS LEASE
IRRESPECTIVE OF THE DATE OF RECORDING AND THE TENANT AGREES TO EXECUTE ANY
INSTRUMENT WITHOUT COST, WHICH MAY BE DEEMED NECESSARY OR DESIRABLE TO FURTHER
AFFECT THE SUBORDINATION OF THIS LEASE TO ANY SUCH MORTGAGE OR MORTGAGES, AND A
REFUSAL TO EXECUTE SUCH INSTRUMENTS SHALL ENTITLE THE LANDLORD, OR THE
LANDLORD'S ASSIGNS AND LEGAL REPRESENTATIVES TO
3
THE OPTION OF CANCELING THIS LEASE WITHOUT INCURRING ANY EXPENSE OR DAMAGE, AND
THE TERM HEREBY GRANTED IS EXPRESSLY LIMITED ACCORDINGLY.**
17TH:
THE TENANT HAS THIS DAY DEPOSITED WITH THE LANDLORD THE SUM OF
$35,766 AS SECURITY FOR THE FULL AND FAITHFUL PERFORMANCE BY THE TENANT OF ALL
OF THE TERMS AND CONDITIONS UPON THE TENANT'S PART TO BE PERFORMED, WHICH SAID
SUM SHALL BE RETURNED TO THE TENANT, WITHOUT INTEREST AS FOLLOWS: * (PROVIDED
THE TENANT HAS FULLY AND FAITHFULLY CARRIED OUT ALL OF THE TERMS, COVENANTS AND
CONDITIONS ON THE TENANT'S PART TO BE PERFORMED.
IN THE EVENT OF A BONA FIDE
SALE, SUBJECT TO THIS LEASE, THE LANDLORD SHALL HAVE THE RIGHT TO TRANSFER THE
SECURITY TO THE VENDEE FOR THE BENEFIT OF THE TENANT AND THE LANDLORD SHALL BE
CONSIDERED RELEASED BY THE TENANT FROM ALL LIABILITY
FOR THE RETURN OF SUCH
SECURITY; AND THE TENANT AGREES TO LOOK TO THE NEW LANDLORD SOLE Y FOR THE
RETURN OF THE SAID SECURITY, AND IT IS AGREED THAT THIS SHALL APPLY TO EVERY
TRANSFER OR ASSIGNMENT MADE OF THE SECURITY TO A NEW LANDLORD.*
WITHOUT
INTEREST
18TH:
THAT THE SECURITY DEPOSITED UNDER THIS LEASE SHALL NOT BE MORTGAGED,
ASSIGNED OR ENCUMBERED BY THE TENANT WITHOUT THE WRITTEN CONSENT OF THE
LANDLORD.
19TH:
IT IS EXPRESSLY UNDERSTOOD AND AGREED THAT IF FOR ANY REASON IT
SHALL BE IMPOSSIBLE TO OBTAIN FIRE INSURANCE ON THE BUILDINGS AND IMPROVEMENTS
ON THE DEMISED PREMISES IS AN AMOUNT, AND IN THE FORM, AND IN FIRE INSURANCE
COMPANIES ACCEPTABLE TO THE LANDLORD THE LANDLORD MAY, IF THE LANDLORD SO
ELECTS, AT ANY TIME THEREAFTER TERMINATE THIS LEASE AND THE TERM THEREOF, ON
GIVING TO THE TENANT THREE DAYS' NOTICE IN WRITING OF LANDLORD'S INTENTION SO TO
DO AND UPON THE GIVING OF SUCH NOTICE, THIS LEASE AND THE TERM THEREOF SHALL
TERMINATE AND COME TO AN END.
20TH:
IT IS EXPRESSLY UNDERSTOOD AND AGREED THAT IN CASE THE DEMISED
PREMISES SHALL BE DESERTED OR VACATED, OR IF DEFAULT BE MADE IN THE PAYMENT OF
THE RENT OR ANY PART THEREOF AS HEREIN SPECIFIED, OR IF, WITHOUT