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Resolution - #20-143 - 07/14/2020
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Resolution - #20-143 - 07/14/2020
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Resolutions & Ordinances
Resolutions or Ordinances
Resolutions
Resolution or Ordinance Number
#20-143
Document Date
07/14/2020
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to all of its rights and remedies under this Second Addendum, in law, or in equity. <br />No holding over by Tenant after the Second Addendum Term shall operate to <br />extend the Second Addendum Term or renew this Second Addendum. In the <br />event of any unauthorized holding over, Tenant shall indemnify Landlord against <br />all claims for damages by any other tenant to whom Landlord may have leased all <br />or any part of the Vacant Lot covered hereby effective upon the expiration or <br />termination of the Second Addendum. <br />16. Surrender. At the termination of this Second Addendum, Tenant shall surrender <br />the Vacant Lot to Landlord with the shed removed at Tenant’s cost. <br />17. Eminent Domain. If the entire Vacant Lot is taken by any public authority under <br />the power or threat of eminent domain, then the term of this Second Addendum <br />shall cease as of the day possession shall be taken by such public authority, and <br />the Landlord shall make a pro rata refund of any Rent that has been paid in <br />advance by Tenant for a period beyond the date of the taking. In the event that <br />less than the entire Vacant Lot is so taken and provided the Vacant Lot are not <br />rendered untenable thereby, then this Second Addendum shall terminate only at <br />the option of the Landlord. In the event that only a part of the Vacant Lot is so <br />taken and that this Second Addendum does not so terminate, there shall be a pro <br />rata reduction in Rent to the extent that such taking interferes in any way with <br />Tenant’s use of the Vacant Lot, and all other terms and provisions of this Second <br />Addendum shall remain in full force and effect. All damages awarded for such <br />taking shall belong to and be the property of the Landlord, irrespective of the basis <br />on which they were awarded. <br />18. Subordination. Tenant agrees that, at the Landlord’s election, this Second <br />Addendum shall be subordinate to any land lease or mortgage now on or to be <br />placed in the future on the Vacant Lot and to any and all advances to be made <br />thereunder and to the interest thereon and to all renewals, replacements and <br />extensions thereof, provided that such subordination shall not materially affect <br />either party’s obligations under this Second Addendum. Tenant hereby appoints <br />Landlord as its attorney-in-fact to execute such documents as may be required to <br />accomplish such subordination. <br />19. No Waiver. No reference to any specific right or remedy shall preclude Landlord <br />from exercising any other right or from having any other remedy or from <br />maintaining any action to which it may otherwise be entitled ether at law or in <br />equity. Landlord’s failure to insist upon a strict performance of any covenant of <br />this Second Addendum or to exercise any option or right herein contained shall <br />not be a waiver or relinquishment for the future of such covenant, right or option; <br />but the same shall remain in full force and effect. <br />20. Captions. The captions and headings herein are for convenience and reference <br />only. <br />Resolution #20-143 <br />Page 6 of 10 <br /> <br /> <br />
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